State Codes and Statutes

Statutes > New-york > Pml > Article-6 > 617

§  617.  Exemption  from  taxation.  1. The moneys and property of the  corporation  and  any  property  under  its  jurisdiction,  control   or  supervision,  and  all  of its activities and operations shall be exempt  from taxation.    2. The state covenants with the purchasers of and with all  subsequent  holders  and  transferees  of  bonds and notes issued by the corporation  pursuant to this article, in consideration  of  the  acceptance  of  and  payment  for the said bonds and notes, that the said bonds and notes and  the income therefrom, and all moneys, funds and revenue pledged  to  pay  or  secure the payment of such bonds and notes shall at all time be free  from taxation, except for estate and gift taxes and taxes on transfers.

State Codes and Statutes

Statutes > New-york > Pml > Article-6 > 617

§  617.  Exemption  from  taxation.  1. The moneys and property of the  corporation  and  any  property  under  its  jurisdiction,  control   or  supervision,  and  all  of its activities and operations shall be exempt  from taxation.    2. The state covenants with the purchasers of and with all  subsequent  holders  and  transferees  of  bonds and notes issued by the corporation  pursuant to this article, in consideration  of  the  acceptance  of  and  payment  for the said bonds and notes, that the said bonds and notes and  the income therefrom, and all moneys, funds and revenue pledged  to  pay  or  secure the payment of such bonds and notes shall at all time be free  from taxation, except for estate and gift taxes and taxes on transfers.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pml > Article-6 > 617

§  617.  Exemption  from  taxation.  1. The moneys and property of the  corporation  and  any  property  under  its  jurisdiction,  control   or  supervision,  and  all  of its activities and operations shall be exempt  from taxation.    2. The state covenants with the purchasers of and with all  subsequent  holders  and  transferees  of  bonds and notes issued by the corporation  pursuant to this article, in consideration  of  the  acceptance  of  and  payment  for the said bonds and notes, that the said bonds and notes and  the income therefrom, and all moneys, funds and revenue pledged  to  pay  or  secure the payment of such bonds and notes shall at all time be free  from taxation, except for estate and gift taxes and taxes on transfers.