Alabama Code (Last Updated: November 28, 2014) |
Title37 PUBLIC UTILITIES AND PUBLIC TRANSPORTATION. |
Chapter13. INCORPORATION OF RAILROAD AUTHORITIES AS PUBLIC CORPORATIONS. |
§37-13-17. Investment of county and municipal funds in bonds of authority.
Latest version.
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The governing body of any county, city or town within this state is authorized in its discretion to invest in bonds of the authority any idle or surplus money held in its treasury.