Sec. 27. The:

(1) bonds, notes, or other evidences of indebtedness;

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Terms Used In Indiana Code 14-33-20-27

(2) proceeds from and the interest on the bonds, notes, or other evidences of indebtedness;

(3) water property and facilities of the district; and

(4) revenues received from the furnishing of water and providing fire protection;

are exempt from taxation by the state.

[Pre-1995 Recodification Citation: 13-3-4-10.]

As added by P.L.1-1995, SEC.26.