Alabama Statutes
§ 11-81-148 — Exercise of Municipal or County Taxing Power, Etc., for Payment of Bonds
Alabama·Title 11 Counties and Municipal Corporations·Ch. 81 Municipal and County Bonds·Art. 4 Public Improvement Bonds·Div. 2 Bonds for Certain Revenue-Producing Undertakings
No holder or holders of any bonds issued under this division shall ever have the right to compel any exercise of the taxing power of the municipality or county or the payment of any funds other than the revenue from such undertaking to pay said bonds or the interest thereon, and every bond issued under this division shall contain a recital to that effect.
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Alabama § 11-81-148 (Exercise of Municipal or County Taxing Power, Etc., for Payment of Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1935, No. 154, p. 195; Code 1940, T. 37, §349.)
Nearby Sections
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§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate