GroundRules
Ala. Code § 11-81-148: Exercise of Municipal or County Taxing Power, Etc., for Payment of Bonds.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 3 Provisions Applicable to Counties and Municipal Corporations.
- Chapter 81 Municipal and County Bonds.
- Article 4 Public Improvement Bonds.
- Division 2 Bonds for Certain Revenue-Producing Undertakings.
No holder or holders of any bonds issued under this division shall ever have the right to compel any exercise of the taxing power of the municipality or county or the payment of any funds other than the revenue from such undertaking to pay said bonds or the interest thereon, and every bond issued under this division shall contain a recital to that effect.
Collected 2026-09-03T14:01:52Z. Source file · JSON