Alabama Statutes
§ 41-9-434 — Pledge of Revenues and Income of Commission for Security and Payment of General Obligation Bonds
Alabama·Title 41 State Government·Ch. 9 Boards and Commissions·Art. 15 Space Science Exhibit Commission
Any general obligation bonds shall also be payable from and secured by a pledge of the revenues and income of the commission remaining after the payment of the reasonable and necessary expenses of operating and maintaining the facilities to be constructed by the commission.
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Alabama § 41-9-434 (Pledge of Revenues and Income of Commission for Security and Payment of General Obligation Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Alabama Space Science Exhibit Commission v. Merkel American Insurance Company
(N.D. Alabama, 2019)
Legislative History
(Acts 1965, No. 863, p. 1605, §6a.)