The governing body shall estimate the period of usefulness of the improvement or property for which the bonds are issued, and such estimate of the governing body shall be conclusive.
Ala. Code § 11-81-8
Estimate as to Period of Usefulness of Improvement or Property for Which Bonds Issued.
(Acts 1927, No. 478, p. 534; Code 1940, T. 37, §256.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.