The ordinance authorizing the issuance of such bonds shall definitely determine whether such system or combined system shall be operated upon a calendar, operating or fiscal year basis and the dates of the beginning and ending of the same. (Acts 1933, Ex. Sess., No. 102, p. 88; Code 1940, T. 37, §330.)
Determination as to Operation of System Upon Calendar, Operating or Fiscal Year Basis, Etc
Ala. Code § 11-81-187, under Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.
Ala. Code § 11-81-187