The governing body is authorized, in its discretion, to invest in bonds of the authority any idle or surplus money held in the treasury of the municipality which is not otherwise earmarked or pledged.
History: (Acts 1961, No. 109, p. 134, §22.)
Bonds - Legal Investment - Municipal Funds
Ala. Code § 22-21-147 — under Title 22.
Ala. Code § 22-21-147