The Building Commission shall be exempt from the payment of any taxes or fees to the state or the city. The property of each Commission shall be exempt from all municipal and county taxes. Bonds, notes, debentures and other evidences of indebtedness of each Commission are declared to be issued for a public purpose and to be public instrumentalities, and, together with interest thereon, shall be exempt from taxation.
(Ord. passed 12-1-1970)