No county shall become indebted in an amount including present indebted- ness, greater than five percentum of the assessed value of the property therein. Nothing herein contained shall prevent any county from issuing bonds, or other obligations, to fund or refund any indebtedness now existing or authorized by existing laws to be created.
Debt limit for counties
Ala. Const. art. XII, § 224 — under Corporations.
Ala. Const. art. XII, § 224
Debt limit for counties