Alabama § 41-9-354 Borrowing of Money from Private Sources, Etc., Authorized Generally; Pledge of Future Revenues from Admissions, Etc., as Security for Repayment of Such Loans

Alabama Statutes

§ 41-9-354 — Borrowing of Money from Private Sources, Etc., Authorized Generally; Pledge of Future Revenues from Admissions, Etc., as Security for Repayment of Such Loans

Alabama § 41-9-354

Title 41State Government

Ch. 9Boards and Commissions

Art. 11Uss Alabama Battleship Commission

This text of Alabama § 41-9-354 (Borrowing of Money from Private Sources, Etc., Authorized Generally; Pledge of Future Revenues from Admissions, Etc., as Security for Repayment of Such Loans) 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 § 41-9-354 (2026).

Text

The commission shall have the authority to borrow money from private sources, the state emergency fund or such other sources as may be acceptable to the commission under such terms and conditions as may be provided by law. In order to provide security for the repayment of any such private or public loans, the commission shall have the authority to pledge such future revenues from admissions and any other sources as may, from time to time, be necessary or desirable.

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The commission shall have the authority to borrow money from private sources, the state emergency fund or such other sources as may be acceptable to the commission under such terms and conditions as may be provided by law. In order to provide security for the repayment of any such private or public loans, the commission shall have the authority to pledge such future revenues from admissions and any other sources as may, from time to time, be necessary or desirable.