Alabama Statutes

§ 11-81-12 — Determination of Highest Bidder

Alabama·Title 11 Counties and Municipal Corporations·Ch. 81 Municipal and County Bonds·Art. 1 General Provisions

In determining the highest bidder for bonds offered for sale at any public sale held pursuant to this chapter, the lowest net interest cost to the county or municipality as determined by the governing body of such county or municipality shall govern. The determination of such governing body as to what constitutes such lowest net interest cost shall be final and conclusive.

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Legislative History

(Acts 1927, No. 478, p. 534; Code 1940, T. 37, §260; Acts 1945, No. 397, p. 615.)

Nearby Sections

15

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Number and Names of Counties

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Contracts with Federal, State, and Other County Governments

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Payment of Membership Fees in State Organizations, Etc., for Sheriffs, Tax Assessors, Tax Collectors, Circuit Clerks and Registers, License Commissioners, Etc

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Preparation, Etc., of County Assessment Maps or Plats

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Alteration, Etc., of Precinct or Beat Lines or Creation of New Precincts or Beats

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Provision of Voting Places Where Precinct or Beat Lines Altered, Etc., or New Precincts or Beats Created

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Authority to Join National and State Association of County Commissions

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Warrants for Borrowing Purposes - Execution

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Warrants for Borrowing Purposes - Form of Warrants, Refunding Warrants, Coupons, Etc

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County Declared a Body Corporate

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Jurisdiction Over Navigable Streams Not Within Limits of Any County; Execution of Process on Said Streams

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Uniform Designation for County Governing Bodies

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Transfer of Money Erroneously Paid into County Treasury, Etc., to State Treasury

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Appointment and Use of Public Depositories; Liability

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Closing of County Offices on Legal Holidays and for Special Circumstances; Deadlines Extended for Filing Documents

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