Bonds authorized to be issued by cities and towns of the state by act of the legislature before the adoption of the constitution or by laws adopted since the adoption of said constitution may be issued by such municipality, the same after becoming reorganized under the applicable provisions of this title as before.
Ala. Code § 11-47-4
Authority for Issuance of Bonds After Reorganization.
(Code 1907, §1181; Code 1923, §1897; Acts 1932, Ex
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.