Alabama § 11-81-142 Authorization of Acquisition, Construction, Etc., of Undertaking Taking and Issuance of Bonds in Anticipation of Revenues

Alabama Statutes

§ 11-81-142 — Authorization of Acquisition, Construction, Etc., of Undertaking Taking and Issuance of Bonds in Anticipation of Revenues

Alabama § 11-81-142

JurisdictionAlabama

Title 11Counties and Municipal Corporations

Ch. 81Municipal and County Bonds

Art. 4Public Improvement Bonds

Div. 2Bonds for Certain Revenue-Producing Undertakings

This text of Alabama § 11-81-142 (Authorization of Acquisition, Construction, Etc., of Undertaking Taking and Issuance of Bonds in Anticipation of Revenues) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 11-81-142 (2026).

Text

The acquisition, construction, reconstruction, improvement, betterment or extension of any undertaking may be authorized under this division; and, in anticipation of the revenues to be derived from such undertaking, bonds may be authorized to be issued under this division to provide funds for such purpose or purposes by resolution or resolutions of the governing body, which may be adopted at a regular or special meeting and at the same meeting at which they are introduced by a majority of the members of the governing body present at such meetings if a quorum is present.

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The acquisition, construction, reconstruction, improvement, betterment or extension of any undertaking may be authorized under this division; and, in anticipation of the revenues to be derived from such undertaking, bonds may be authorized to be issued under this division to provide funds for such purpose or purposes by resolution or resolutions of the governing body, which may be adopted at a regular or special meeting and at the same meeting at which they are introduced by a majority of the members of the governing body present at such meetings if a quorum is present.