Alabama § 11-81-202 Borrowing of Money for Acquisition, Extension, Etc., of Plants, Etc., by Counties or Municipalities Authorized; Limitations

Alabama Statutes

§ 11-81-202 — Borrowing of Money for Acquisition, Extension, Etc., of Plants, Etc., by Counties or Municipalities Authorized; Limitations

Alabama § 11-81-202

Title 11Counties and Municipal Corporations

Ch. 81Municipal and County Bonds

Art. 6Alternate Borrowing for Electric Systems

This text of Alabama § 11-81-202 (Borrowing of Money for Acquisition, Extension, Etc., of Plants, Etc., by Counties or Municipalities Authorized; Limitations) 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 § 11-81-202 (2026).

Text

For the purpose of defraying the cost of acquiring such plants, or any one or more of them, or any part or parts thereof and making improvements and extensions thereto, either by purchase, construction, condemnation or otherwise, any municipal corporation or county may borrow money from any lender whomsoever, in such amount or amounts as the governing body of such municipal corporation or county may deem necessary or expedient, but no such municipal corporation or county that has reached or exceeded its constitutional debt limit which borrows money under the authority of this article shall bind its general credit or incur any personal liability or charge any general or special fund other than that authorized in this article or charge any property other than that authorized in this article 

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For the purpose of defraying the cost of acquiring such plants, or any one or more of them, or any part or parts thereof and making improvements and extensions thereto, either by purchase, construction, condemnation or otherwise, any municipal corporation or county may borrow money from any lender whomsoever, in such amount or amounts as the governing body of such municipal corporation or county may deem necessary or expedient, but no such municipal corporation or county that has reached or exceeded its constitutional debt limit which borrows money under the authority of this article shall bind its general credit or incur any personal liability or charge any general or special fund other than that authorized in this article or charge any property other than that authorized in this article for the repayment of such borrowed money or the payment of interest thereon.