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HB 33, 43rd 1st Called Session
Relating to providing that any note, mortgage, deed of trust, or other instrument in writing evidencing any indebtedness hereafter executed payable more than one year after the date of its execution, and drawing 5 percent, or more interest per annum, and secured in whole or in part by any lien upon any real estate in this State, shall be assessed for taxes by the holder or owner thereof, and the taxes thereon shall have been paid before any such note or instrument in writing shall be admissible in evidence for any purpose.

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