State Codes and Statutes
Statutes > Alabama > Title41 > Chapter9 > 41-9-434Section 41-9-434
Pledge of revenues and income of commission for security and payment of general obligation bonds.
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.
(Acts 1965, No. 863, p. 1605, §6a.)