Neither of the authorizing subdivisions shall be liable in any manner for the payment of the principal of or interest on any bonds of a corporation or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever that may be undertaken by a corporation, and neither the bonds of a corporation nor any of its agreements or obligations shall be construed to constitute an indebtedness of either of the authorizing subdivisions within the meaning of any constitutional or statutory provision whatsoever.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 95 - Public Hospitals.
Section 11-95-1 - Legislative Intent; Liberal Construction of Chapter.
Section 11-95-2 - Definitions.
Section 11-95-5 - Certificate of Incorporation - Amendment Procedure.
Section 11-95-7 - Powers of Corporation.
Section 11-95-9 - Bonds of Corporation - Proceeds From Sale.
Section 11-95-10 - Refunding Bonds.
Section 11-95-11 - Exemption From Taxation and Fees.
Section 11-95-12 - Liability of Authorizing Subdivisions.
Section 11-95-13 - Exemption From Usury and Interest Laws.
Section 11-95-14 - Power of Eminent Domain.
Section 11-95-15 - Applicability of Division 2 of Article 4 of Chapter 21 of Title 22.
Section 11-95-16 - Applicability of Section 11-93-2.
Section 11-95-17 - Transfer of Funds, Assets, Etc. to Corporation.
Section 11-95-18 - Earnings of Corporation.
Section 11-95-19 - Dissolution of Corporation; Passage of Title to Property of Corporation.