GroundRules
Ala. Code § 11-57-18: Investment in Bonds - by Municipalities.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 2 Provisions Applicable to Municipal Corporations Only.
- Chapter 57 Public Library Authorities.
The governing body is authorized in its discretion to invest in bonds of the authority any idle or surplus money held in the treasury of the municipality which is not otherwise earmarked or pledged.
Collected 2026-09-03T14:01:52Z. Source file · JSON