Alabama Statutes
§ 11-57-21 — Liability of State or Municipalities on Bonds and Obligations of Authorities
All obligations incurred by the authority and all bonds issued by it shall be solely and exclusively an obligation of the authority and shall not create an obligation or debt of the State of Alabama or of the municipality.
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Alabama § 11-57-21 (Liability of State or Municipalities on Bonds and Obligations of Authorities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1961, No. 895, p. 1407, §20; Acts 1961, Ex. Sess., No. 289, p. 2335, §20.)
Nearby Sections
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§ 11-1-1
Number and Names of Counties§ 11-1-2
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