Alabama Statutes
§ 17-7-3 — Warrants or Certificates for Purchase - Obligation of County; Disposition of Proceeds
Alabama § 17-7-3
This text of Alabama § 17-7-3 (Warrants or Certificates for Purchase - Obligation of County; Disposition of Proceeds) 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 § 17-7-3 (2026).
Text
All warrants and certificates issued pursuant to this article shall evidence general obligation indebtedness of the county by which they are issued, and the full faith and credit of the county shall be irrevocably pledged for the payment of the principal thereof and interest thereon. The proceeds derived from the sale of any such warrants and certificates shall be used solely for the purpose for which they are authorized to be issued, including the payment of any expenses incurred in connection with the issuance thereof.
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Legislative History
(Acts 1959, No. 603, p. 1492, §2; §17-9-10; amended and renumbered by Act 2006-570, p. 1331, §37.)
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Bluebook (online)
Alabama § 17-7-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/17-7-3.