The county commission may deposit any funds arising from any special tax levied to pay bonds issued by said county which are in excess of amounts then payable on said bonds in some solvent savings bank in the State of Alabama in the name of the county or invest the same in interest-bearing securities issued by the United States government or by the State of Alabama. The interest accruing on such deposit or from such securities shall be a part of such special fund and shall be devoted to the same uses as the principal of said fund. The county commission shall require adequate bond of said bank to secure the safety of said deposit, which bond shall be in such sum as such county commission shall fix, having due regard to the safety of county funds.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 3 - County Commission.
Article 1 - General Provisions.
Section 11-3-1.1 - Authority of Single-Member District Commissioners to Alter District Boundaries.
Section 11-3-1.2 - Contesting County Commission Redistricting or Reapportionment Actions.
Section 11-3-3 - Bond of Commissioners.
Section 11-3-2 - Eligibility of Commissioners to Serve on Public Boards, Etc.
Section 11-3-4 - Reimbursement of Travel Expenses of Commissioners.
Section 11-3-4.1 - Compensation of Commissioners.
Section 11-3-8 - Scheduling of Regular and Special Meetings.
Section 11-3-8.1 - Meetings When Regular Meeting Day Falls on Holiday.
Section 11-3-9 - Special Meetings.
Section 11-3-10 - Authority as to Establishment, etc., of Roads, Bridges, Ferries, Etc.
Section 11-3-11 - Powers and Duties Generally.
Section 11-3-11.2 - Collection of Local Taxes - County Commission.
Section 11-3-11.3 - Collection of Local Taxes - Department of Revenue.
Section 11-3-12 - Designation of Courthouse Offices for Installation of Telephones.
Section 11-3-14 - Disposition of Funds From Special Tax Levy.
Section 11-3-18 - Chief Administrative Officer.
Section 11-3-19 - Proceedings at Meetings of County Commission - Appointment of Special Clerk.
Section 11-3-20 - Proceedings at Meetings of County Commission - Presiding Officer.
Section 11-3-21 - Statement of Financial Status - Required.
Section 11-3-22 - Statement of Financial Status - Compliance With Publication Requirement.
Section 11-3-24 - Replacement of Destroyed Record Books.