All funds of said board shall be kept separate from the other funds of the municipality and in the municipal depositories, and the same shall be withdrawn only in such sums and at such times as the same shall be actually required for the expenditures authorized by law and only upon warrants signed by an employee of the municipal electric system designated by the board, countersigned by a member of the board designated by the board, and issued for claims that have been audited and ordered paid by said board and for salaries due board members and employees for work performed and services rendered.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 50 - Public Utilities.
Article 15 - Electric Utility Boards.
Section 11-50-491 - Qualifications of Members.
Section 11-50-492 - Election of Members; Filling of Vacancies.
Section 11-50-494 - Chairman; Secretary.
Section 11-50-495 - Compensation.
Section 11-50-496 - Meetings; Record of Proceedings.
Section 11-50-497 - Powers and Duties Generally.
Section 11-50-498 - Impeachment and Removal.
Section 11-50-499 - Bonds of Officers and Employees.
Section 11-50-500 - Examination of Books and Accounts.
Section 11-50-501 - Annual Report.
Section 11-50-502 - Expenditures for New Construction, Additions, or Replacements.
Section 11-50-503 - Segregation and Withdrawal of Funds.
Section 11-50-504 - Deposit and Distribution of Money Received From Use of Electric System.
Section 11-50-505 - Bond or Securities of Depository.
Section 11-50-506 - Effect of Chapter on Existing Laws, Etc.