Alabama Statutes
§ 11-50-504 — Deposit and Distribution of Money Received from Use of Electric System
Alabama·Title 11 Counties and Municipal Corporations·Ch. 50 Public Utilities·Art. 15 Electric Utility Boards
All money collected from the sale of electric current or received in any way from the use of the municipal electric distribution system shall be deposited in the municipal depositories, which shall be qualified public depositories under Chapter 14A of Title 41, and shall be distributed by the board as required by the governing body of the municipality.
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Alabama § 11-50-504 (Deposit and Distribution of Money Received from Use of Electric System) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1939, No. 463, p. 675; Code 1940, T. 18, §74; Act 2000-748, p. 1669, §2.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate