The board shall require from the depository adequate bond or securities to secure the safety of the deposit which bond or securities shall be in the sum that the board shall fix having due regard to the safety of the board’s funds.
Structure Code of Alabama
Chapter 52A - Morgan County Municipalities.
Section 45-52A-35 - Municipal Utilities Board - Creation.
Section 45-52A-35.01 - Municipal Utilities Board - Appointment of Members.
Section 45-52A-35.02 - Municipal Utilities Board - Qualification of Members.
Section 45-52A-35.03 - Municipal Utilities Board - Oath of Office.
Section 45-52A-35.04 - Municipal Utilities Board - Election of Members; Term of Office.
Section 45-52A-35.05 - Municipal Utilities Board - Organization.
Section 45-52A-35.06 - Municipal Utilities Board - Compensation.
Section 45-52A-35.07 - Municipal Utilities Board - Meetings.
Section 45-52A-35.08 - Municipal Utilities Board - Authority and Duties.
Section 45-52A-35.09 - Municipal Utilities Board - Bonding of Employees.
Section 45-52A-35.10 - Municipal Utilities Board - Impeachment and Removal of Members.
Section 45-52A-35.11 - Municipal Utilities Board - Employment and Duties of Accountant Expert.
Section 45-52A-35.12 - Municipal Utilities Board - Annual Reports.
Section 45-52A-35.13 - Municipal Utilities Board - Publication of Receipts and Disbursements.
Section 45-52A-35.14 - Municipal Utilities Board - Expenditures for Construction or Additions.
Section 45-52A-35.15 - Municipal Utilities Board - Funds.
Section 45-52A-35.16 - Municipal Utilities Board - Bond of Depository.