Alabama Statutes
§ 11-56-17 — Investment in Bonds - by Municipalities
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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Alabama § 11-56-17 (Investment in Bonds - by Municipalities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1955, No. 493, p. 1116, §17.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate