State Codes and Statutes

Statutes > Alabama > Title22 > Title1 > 22-21-151

Section 22-21-151

Obligations not debt of state or municipality.

All obligations incurred by the authority and all bonds issued by it shall be solely and exclusively an obligation of the authority and shall not create an obligation or debt of the State of Alabama or of the municipality.

(Acts 1961, No. 109, p. 134, §20.)

State Codes and Statutes

Statutes > Alabama > Title22 > Title1 > 22-21-151

Section 22-21-151

Obligations not debt of state or municipality.

All obligations incurred by the authority and all bonds issued by it shall be solely and exclusively an obligation of the authority and shall not create an obligation or debt of the State of Alabama or of the municipality.

(Acts 1961, No. 109, p. 134, §20.)

State Codes and Statutes


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State Codes and Statutes

Statutes > Alabama > Title22 > Title1 > 22-21-151

Section 22-21-151

Obligations not debt of state or municipality.

All obligations incurred by the authority and all bonds issued by it shall be solely and exclusively an obligation of the authority and shall not create an obligation or debt of the State of Alabama or of the municipality.

(Acts 1961, No. 109, p. 134, §20.)

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