Alabama Code 4-3-57. Investment of county or municipal funds in bonds
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Terms Used In Alabama Code 4-3-57
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
The governing body of any county or municipality within this state is authorized, in its discretion, to invest in bonds of the authority any idle or surplus money held in its treasury.