Section 16-19-1 Definitions. For the purposes of this chapter, the following words and phrases shall have the following respective meanings: (1) LOCAL SUBDIVISION. Any county or municipality in the State of Alabama. (2) STATE EDUCATIONAL INSTITUTION. Any institution of higher learning above the secondary school classification, whether under the control of a separate board of […]
Section 16-19-2 Counties and municipalities authorized to make appropriations and donations to state educational institutions. Any local subdivision shall have the power to make, from time to time, appropriations from any of its funds not required by law to be devoted to some other purpose, to any state educational institution for the purpose of paying […]
Section 16-19-3 Issuance of warrants authorized. Each local subdivision shall have the power from time to time to sell and issue interest-bearing warrants of such local subdivision for the purpose of raising funds to pay all or any part of the costs of the acquisition by a state educational institution, by construction or otherwise, of […]
Section 16-19-4 Pledge of revenues for payment of warrants. As security for the payment of the principal of and interest on any warrants issued under the provisions of this chapter, the local subdivision issuing such warrants may, in the discretion of its governing body, specially pledge for payment of such principal and interest at their […]
Section 16-19-5 County general obligation warrants to constitute preferred claim; issuance deemed audit and allowance of claim. Any general obligation warrants and the interest coupons applicable thereto issued by a county under the provisions of this chapter shall constitute preferred claims against the issuing county, having the same priority, under Section 11-12-15, as interest on […]
Section 16-19-6 Provisions of chapter control over inconsistent legislation; Section 11-8-10 inapplicable. Insofar as the provisions of this chapter may be inconsistent with the provisions of any other law, the provisions of this chapter shall control, it being hereby declared that the provisions of Section 11-8-10 shall not be applicable to warrants issued by any […]
Section 16-19-7 Warrants deemed issued for purpose of constructing, etc., schoolhouses. Warrants issued by a municipality under the provisions of this chapter shall be deemed to constitute obligations issued for the purpose of acquiring, providing or constructing schoolhouses within the meaning of Section 225 of the Constitution of Alabama of 1901. (Acts 1959, 1st Ex. […]
Section 16-19-8 Powers cumulative. The powers conferred by this chapter shall be in addition to all powers conferred upon any local subdivision by any other law. (Acts 1959, 1st Ex. Sess., No. 79, p. 140, §8.)
