The governing body of any county or municipality within this state is authorized, in its discretion, to invest in bonds of the authority any idle or surplus money held in its treasury.
Structure Code of Alabama
Chapter 3 - Airport Authorities.
Article 2 - Alternate Procedure for Incorporation.
Section 4-3-42 - Certificate of Incorporation - Contents.
Section 4-3-43 - Certificate of Incorporation - Execution and Recordation.
Section 4-3-44 - Certificate of Incorporation - Amendment.
Section 4-3-45 - Board of Directors of Authority.
Section 4-3-46 - Officers of Authority; Personnel.
Section 4-3-47 - Powers of Authority Generally.
Section 4-3-48 - Receipt, Expenditure, etc., of Federal, State and Local Aid.
Section 4-3-49 - Assistance and Cooperation by Counties, Municipalities, Etc.
Section 4-3-50 - Civil Actions Against Authority, Directors, Etc.
Section 4-3-53 - Bonds - Execution and Delivery.
Section 4-3-54 - Bonds - Security for Payment of Principal and Interest.
Section 4-3-55 - Bonds - Disposition of Proceeds From Sale.
Section 4-3-56 - Refunding Bonds.
Section 4-3-57 - Investment of County or Municipal Funds in Bonds.