§ 21. Property of commission, bonds and revenue exempt from taxation.

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All of the commission's facilities and property are hereby declared to be public property of a political subdivision of the state devoted to an essential public and governmental function and purpose and shall be exempt from all taxation by the state or any subdivision thereof. All bonds issued pursuant to this Act are hereby declared to be issued by a political subdivision of this state and for an essential public and governmental purpose, and such bonds, and the interest thereon and the income therefrom and all service charges, funds, revenues and other monies pledged or available to pay or secure the payment of such bonds or interest thereon, shall at all times be exempt from taxation by the state or any subdivision thereof, except for transfer, inheritance and estate taxes.

Nothing in this Act shall be construed as relieving the users of said marketing facilities from the payment of all licenses, fees and taxes imposed upon such business by state and local laws, including rules and regulations prescribed by the commission, and the failure of any user to pay said license, fees and taxes when due will operate to suspend his right to use said marketing facilities until said licenses, fees and taxes are paid.

(Pr. Acts. 1959, ch. 305, § 8.)

                    
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