Article XII, § 226 — Indebtedness of Municipal Corporations - Municipal Corporations Whose Present Indebtedness Exceeds Constitutional Limitation; Exception as to Sheffield and Tuscumbia
This text of Alabama Const. art. XII, § 226 (Indebtedness of Municipal Corporations - Municipal Corporations Whose Present Indebtedness Exceeds Constitutional Limitation; Exception as to Sheffield and Tuscumbia) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Full Text
No city, town, or village, whose present indebtedness exceeds the limitation imposed by this Constitution, shall be allowed to become indebted in any further amount, except as otherwise provided in this Constitution, until such indebtedness shall be reduced within such limit; provided, however, that nothing herein contained shall prevent any municipality, except the city of Gadsden, from issuing bonds already authorized by law; provided, further, that this section shall not apply to the cities of Sheffield and Tuscumbia.
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Alabama Const. art. XII, § 226, Counsel Stack Legal Research, https://law.counselstack.com/constitution/al/XII/226.