In addition to any other powers which it may now have, any municipality in this state may hereafter acquire, whether by purchase, construction, or gift, a project, as defined in Section 11-55-1, located within the corporate limits, may lease such project to the United States government for such rental and upon such terms and conditions as the governing body may deem advisable and as shall not conflict with the provisions of this chapter and may issue revenue bonds for the purpose of defraying the cost of acquiring, constructing, enlarging, and maintaining such project.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 55 - Post-Office Projects.
Section 11-55-1 - Definitions.
Section 11-55-4 - Bonds - Security for Payment of Principal and Interest.
Section 11-55-5 - Bonds - Disposition of Proceeds From Sale.
Section 11-55-6 - Refunding Bonds.
Section 11-55-8 - Investment in Bonds by Savings Banks and Insurance Companies.
Section 11-55-10 - Requirements as to Leases of Projects.
Section 11-55-11 - Exemption From Taxation of Projects, Bonds, Etc.