Any warrants issued by a county under the provisions of this article for the purpose of paying costs of acquiring and providing waterworks systems are hereby exempted from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of chapter 8 of Title 8 of this Code.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 9 - Warrants for Utility Purposes.
Article 2 - Waterworks Systems Warrants.
Section 11-9-20 - Definitions.
Section 11-9-21 - Legislative Intent; Construction of Article.
Section 11-9-23 - Special Pledges for Payment of Principal and Interest.
Section 11-9-24 - Issuance of Refunding Warrants.
Section 11-9-25 - Investment of Trust Funds in Warrants.
Section 11-9-26 - Issuance of Warrants Deemed to Constitute Audit and Allowance of Claim.
Section 11-9-27 - Exemptions From Usury or Interest Rate Statutes.
Section 11-9-28 - Provisions of Article Controlling; Applicability of Provisions of Section 11-8-10.