The issuance of warrants and any interest coupons applicable thereto, pursuant to the provisions of this division and in accordance with the authorization of the governing body of the county issuing such warrants, shall be deemed to constitute an audit and allowance by such governing body of a claim, in the aggregate principal amount of such warrants and interest coupons, against the county and against any tax proceeds and any revenues or funds, or any thereof, pledged for payment of such warrants pursuant to the provisions of this division. No proof of registration or other audit or allowance of such claim shall be required, and such warrants and interest coupons shall, from and after 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, revenues and funds, or any of them, so pledged thereof.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 7 - Assessment of Taxes Generally.
Article 2 - Statewide Property Reappraisal.
Division 2 - County Bonds for Purpose of Paying Costs of Reappraisal.
Section 40-7-90 - Definitions.
Section 40-7-91 - Legislative Intent.
Section 40-7-92 - Authorization to Issue Warrants.
Section 40-7-93 - Special Pledges for Payment.
Section 40-7-94 - Authorization to Issue Refunding Warrants.
Section 40-7-95 - Warrants to Be Legal Investments for Trust Funds.
Section 40-7-96 - Issuance of Warrants Deemed to Constitute Audit and Allowance of Claim.
Section 40-7-97 - Conflicts With Other Laws.
Section 40-7-98 - Payment of Pro Rata Shares of Principal of and Interest on Warrants.
Section 40-7-99 - Warrants Exempt From Laws Relative to Usury, Interest, Etc.
Section 40-7-100 - Division Supplemental to Division 1 of This Article.