Section 11-81-120 Sale or Issuance to Custodian of Special Fund, Etc., of Refunding Bonds.
If a municipality used part of a waterworks or similar special fund to retire certain due bonds or coupons, it may issue refunding bonds to the city or town treasurer as custodian of that fund, or sell those bonds to replace the money used.
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- United States — Alabama
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- en
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Section 11-81-120 Sale or Issuance to Custodian of Special Fund, Etc., of Refunding Bonds.
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