Alabama § 11-10-3 Registration and Payment of Certificates

Alabama Statutes

§ 11-10-3 — Registration and Payment of Certificates

Alabama § 11-10-3

Title 11Counties and Municipal Corporations

Ch. 10Making of Loans in Anticipation of Taxes

This text of Alabama § 11-10-3 (Registration and Payment of Certificates) 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.

Bluebook

Ala. Code § 11-10-3 (2026).

Text

All certificates evidencing loans made under the authority of this chapter shall be registered by the county treasurer in the order of their issue and the said treasurer shall retain out of the taxes collected for the year and paid over to him a sufficient amount to pay said certificates. Said certificates shall be in the order of their registration and they shall be entitled to priority of payment out of the proceeds of the taxes pledged to pay the same.

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All certificates evidencing loans made under the authority of this chapter shall be registered by the county treasurer in the order of their issue and the said treasurer shall retain out of the taxes collected for the year and paid over to him a sufficient amount to pay said certificates. Said certificates shall be in the order of their registration and they shall be entitled to priority of payment out of the proceeds of the taxes pledged to pay the same.