Ala. Code § 39-7-21 (1975) Obligations of Contracts of Municipality Not to Be Impaired; Payment of Notes, Bonds Or Other Obligations Issued By Municipality; Assumption of Municipal Contracts As to Plant Or System By Authority

• Library: Alabama Statutes
• Edition: 2023
• Currency: Current with legislation from the 2023 Regular and Special Sessions.

The obligations of contracts of the municipality shall not be impaired by this chapter.

Moneys to provide for the payment of notes, bonds or other obligations issued by the munici...

All contracts of such municipality in relation to any such plant or system shall be assumed by such authority and the terms and conditions to be performed on the part of such municipality shall be complied with and performed by the board of trustees of such authority and the benefits of such contracts shall inure to the benefit of such authority.

Cite as Ala. Code § 39-7-21 (1975)

History: Acts 1935, No. 40, p. 72; Code 1940, T. 50, §36.