Statutes, codes, and regulations
Code of Alabama
Title 11 - COUNTIES AND MUNICIPAL CORPORATIONSSubtitle 2 - PROVISIONS APPLICABLE TO MUNICIPAL CORPORATIONS ONLY
Chapter 60 - PUBLIC PARK AND RECREATION BOARDS
Section 11-60-13 - Liability of municipalities upon bonds, agreements, obligations, etc., of corporations

Ala. Code § 11-60-13

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Current through the 2024 Regular Session.
Section 11-60-13 - Liability of municipalities upon bonds, agreements, obligations, etc., of corporations

The municipality shall not in any event be liable for the payment of the principal of or interest on any bonds of the corporation or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever which may be undertaken by the corporation, and none of the bonds of the corporation or any of its agreements or obligations shall be construed to constitute an indebtedness of the municipality within the meaning of any constitutional or statutory provision whatsoever.

Ala. Code § 11-60-13 (1975)

Acts 1967, Ex. Sess., No. 218, p. 264, §14.