Alabama § 11-81-203 Pledges, Etc., of Plants, Etc., as Security for Repayment of Money Borrowed with Interest

Alabama Statutes

§ 11-81-203 — Pledges, Etc., of Plants, Etc., as Security for Repayment of Money Borrowed with Interest

Alabama § 11-81-203

Title 11Counties and Municipal Corporations

Ch. 81Municipal and County Bonds

Art. 6Alternate Borrowing for Electric Systems

This text of Alabama § 11-81-203 (Pledges, Etc., of Plants, Etc., as Security for Repayment of Money Borrowed with Interest) 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 § 11-81-203 (2026).

Text

Any such county or municipal corporation which borrows money under the authority of this article may pledge, create a lien upon and mortgage any such plants, or any one or more of them or any part or parts thereof, together with the extensions, improvements and appurtenances thereto and all other property, tangible or intangible and of like or different kind, including franchises, acquired, constructed or installed by means of money borrowed under the authority of this article and also all or any part of the revenues derived from the operation of such plants, or any one or more of them or any part or parts thereof, as security for the repayment of such borrowed money with interest.

Free access — add to your briefcase to read the full text and ask questions with AI

Any such county or municipal corporation which borrows money under the authority of this article may pledge, create a lien upon and mortgage any such plants, or any one or more of them or any part or parts thereof, together with the extensions, improvements and appurtenances thereto and all other property, tangible or intangible and of like or different kind, including franchises, acquired, constructed or installed by means of money borrowed under the authority of this article and also all or any part of the revenues derived from the operation of such plants, or any one or more of them or any part or parts thereof, as security for the repayment of such borrowed money with interest.