The issuance by a county of warrants and the interest coupons applicable thereto pursuant to the provisions of this chapter shall be deemed to constitute an audit and allowance by the county of a claim in the aggregate principal amount of such warrants and interest coupons against the county and against any tax proceeds and the sales proceeds or either thereof pledged for the payment of such warrants pursuant to the provisions of this chapter. No proof of registration or other audit or allowance of such claim shall be required and such warrants and interest coupons shall, from the date of their lawful issuance, be deemed to be allowed claims against the county by which they were issued and against any tax proceeds and the sales proceeds or either so pledged therefor.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 92 - Industrial Parks.
Section 11-92-1 - Definitions.
Section 11-92-2 - Legislative Intent; Construction of Chapter Generally.
Section 11-92-4 - Requirements as to Acquisition and Development of Parks.
Section 11-92-7 - Warrants - Security for Payment of Principal and Interest.
Section 11-92-8 - Refunding Warrants.
Section 11-92-9 - Investment in Warrants by Trustees, Executors, Etc.
Section 11-92-10 - Issuance of Warrants and Interest Coupons Deemed Audit and Allowance of Claims by Counties; Effect Thereof.
Section 11-92-11 - Applicability and Effect of Other Provisions of Law.