Alabama Statutes

§ 11-56-17 — Investment in Bonds - by Municipalities

Alabama·Title 11 Counties and Municipal Corporations·Ch. 56 Public Building Authorities
The governing body is authorized in its discretion to invest in bonds of the corporation any idle or surplus money held in the treasury of the municipality which is not otherwise earmarked or pledged.

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Legislative History

(Acts 1955, No. 493, p. 1116, §17.)

Nearby Sections

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