Alabama § 33-2-11 Faith and Credit of State Pledged to Payment of Bonds

Alabama Statutes

§ 33-2-11 — Faith and Credit of State Pledged to Payment of Bonds

Alabama § 33-2-11

Title 33Navigation and Watercourses

Ch. 2Development of Docks and Other Facilities Along Inland Waterways

Art. 11957 Provisions for Facilities Along Inland Waterways

This text of Alabama § 33-2-11 (Faith and Credit of State Pledged to Payment of Bonds) 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 § 33-2-11 (2026).

Text

For the payment of both the principal and interest of all bonds issued under the authority of this article according to their tenor, the full faith and credit of the State of Alabama is hereby pledged. If the funds supplied by the Alabama State Docks Department to the State Treasurer from the sources prescribed by this article are insufficient to fully pay at maturity any installment of interest on said bonds or to pay at maturity the principal of said bonds, then the deficiency shall be paid by the State Treasurer from any funds in the state treasury not otherwise appropriated.

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For the payment of both the principal and interest of all bonds issued under the authority of this article according to their tenor, the full faith and credit of the State of Alabama is hereby pledged. If the funds supplied by the Alabama State Docks Department to the State Treasurer from the sources prescribed by this article are insufficient to fully pay at maturity any installment of interest on said bonds or to pay at maturity the principal of said bonds, then the deficiency shall be paid by the State Treasurer from any funds in the state treasury not otherwise appropriated.