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Home » US Law » 2022 Code of Alabama » Title 4 - Aviation. » Chapter 5 - County Warrants and Certificates of Indebtedness for Airport Purposes.

Section 4-5-1 – Applicability and Purpose of Chapter.

Section 4-5-1 Applicability and purpose of chapter. This chapter shall apply to each county in the State of Alabama and have for its purpose the authorization of the sale and issuance of interest-bearing warrants and certificates of indebtedness for the purpose of acquiring and providing county airports. (Acts 1955, No. 363, p. 881, §1.)

Section 4-5-3 – Pledge of Special Taxes.

Section 4-5-3 Pledge of special taxes. The governing body of the county issuing any such warrants or certificates may, in its discretion, pledge and use, or cause to be used, for the payment of the principal of and interest on such warrants and certificates, so much as may be necessary for said payment of any […]

Section 4-5-4 – Refunding Warrants and Certificates.

Section 4-5-4 Refunding warrants and certificates. Each such county may in like manner from time to time issue refunding warrants and certificates, either by sale or by exchange, for the purpose of refunding a like or greater principal amount of warrants and certificates then outstanding, which were issued under the provisions of this chapter and […]