4-5-3
Section 4-5-3 Pledge of special taxes. The governing body of the county issuing any
such warrants or certificates may, in its discretion, pledge and use, or cause to be used,
for the payment of the principal of and interest on such warrants and certificates, so much
as may be necessary for said payment of any privilege, license or excise tax now or hereafter
levied in such county for the purpose of construction, maintenance and operation of a county
airport, or, if only a portion of such tax is levied for said purpose, so much as may be necessary
for said payment of that portion of any such tax that may be now or hereafter levied for the
said purpose. If more than one such pledge shall be made of the said tax, then such pledges
shall take precedence in the order in which they are made unless the proceedings making such
pledge shall expressly provide that such pledge shall be on a parity with or subordinate to
a subsequent pledge of the said tax. All warrants and certificates for which...
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11-81-18
Section 11-81-18 Pledge of revenues from license, privilege, or excise taxes for payment
of principal and interest on bonds. In any case in which a municipality or county may hereafter
issue any securities, including bonds, warrants, notes and certificates of indebtedness, whether
such securities are general obligations of the municipality or county or are payable solely
from a special source, there may be pledged to the payment of the principal of and the interest
on such securities all or any part of that portion of the proceeds from any license or privilege
tax or excise tax levied by any act of the Legislature which may be apportioned and paid to
such municipality or county; provided, however, that such pledge may be made only for the
benefit of securities issued for a purpose or purposes for which the tax proceeds so apportioned
to any such municipality or county are permitted by any such act to be used. In any case in
which a pledge is made under the provisions of this section,...
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11-9-3
Section 11-9-3 Pledges of special sanitary tax for payment of principal and interest.
The county commission of the county issuing any such warrants or certificates of indebtedness
shall have the power to pledge and to use or cause to be used for the payment of the principal
of and interest on such warrants and certificates of indebtedness so much as may be necessary
for such purpose of the proceeds from the special sanitary tax levied by said county. If more
than one such pledge shall be made with respect to the proceeds from the special sanitary
tax, then such pledges shall take precedence in the order in which they are made unless the
proceedings making any such pledge shall expressly provide that such pledge shall be on a
parity with or subordinate to a subsequent pledge of the special sanitary tax. Any such warrants
or certificates of indebtedness for which such pledge may be made shall constitute preferred
claims against the proceeds of the special sanitary tax so pledged and...
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11-28-3
Section 11-28-3 Special pledges. If the county commission of any county determines to
issue warrants under this chapter that are general obligations of such county, or if such
county commission determines to issue warrants under this chapter that are limited obligations
of such county payable solely from specified sources, then such county commission may assign
and specifically pledge for the payment of the principal of and the interest on such general
obligation warrants (as additional security for the payment thereof) or for the payment of
the principal of and interest on such limited obligation warrants (as the sole source for
the payment thereof), as the case may be, all or any portion of the funds derived from any
one or more of the following sources that are not subject to previous pledges or covenants
which would prevent the assignment and pledge hereby authorized, that are not required by
the laws and Constitution of the State of Alabama to be devoted to other purposes, and...

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16-13-120
Section 16-13-120 Authority to issue; interest rate; terms, use of proceeds, etc. In
any county in which a special license or privilege tax or excise tax may now or hereafter
be levied, or the proceeds of any ad valorem tax equivalent shall be apportioned, by local
act of the Legislature of Alabama, the county board of education of the county or the city
board of education of any city in the county, as the case may be, may sell and issue interest-bearing
warrants, the principal of and the interest on which shall be payable solely from that portion
of the proceeds from such tax or tax equivalent which may be apportioned and paid to such
board of education. Any such warrants may bear such rate or rates of interest not exceeding
12 percent per annum, payable semiannually, may be in such denomination or denominations,
may mature over such period of time not exceeding 30 years after their date, may be sold at
public or private sale at such price or prices, may be made redeemable prior to...
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17-7-4
Section 17-7-4 Warrants or certificates for purchase - Pledge of general ad valorem
tax for payment. The county commission of the county issuing any warrants or certificates
pursuant to this article may pledge and use or cause to be used, for the payment of the principal
of and interest on such warrants and certificates, so much as may be necessary for such purpose
of the general annual ad valorem tax of one half of one percent which the county is authorized
to levy without reference to the purpose thereof under the provisions of Section 215
of the Constitution of Alabama of 1901. If more than one such pledge shall be made of the
tax, then such pledges shall take precedence in the order in which they are made unless the
proceedings making such pledge shall expressly provide that such pledge shall be on a parity
with or subordinate to a subsequent pledge of the tax. All warrants and certificates for which
the pledge authorized in this section may be made shall constitute preferred...
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16-13-303
Section 16-13-303 Notes not general obligations; source of payment. (a) Warrants issued
under this article shall not be general obligations of the board issuing such warrants but
shall be payable solely from the designated revenues or tax proceeds of the board which may
be lawfully applied to the payment of indebtedness of such board, including funds derived
from any one or more of the following sources: (1) The proceeds of any ad valorem tax or taxes
levied for the purpose of paying such warrants, or for educational or public school purposes,
and paid, apportioned, allocated, or distributed to or for the benefit of the board. (2) The
proceeds of any privilege, license, or excise tax or taxes that may be paid, apportioned,
allocated, or distributed to or for the benefit of the board. (3) Any revenues of whatsoever
kind or nature (including, without limitation, payments pursuant to agreements delivered pursuant
to this article and payments in lieu of taxes) that may be paid,...
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40-7-93
Section 40-7-93 Special pledges for payment. The governing body of the county issuing
any such warrants may, in its discretion, assign and specially pledge for the payment of the
principal of and interest on such warrants, so much as may be necessary for said payment of
any one or more of the following (or any part thereof): (1) The general annual ad valorem
tax of one half of one percent which the county is authorized to levy without reference to
the purpose thereof under the provisions of Section 215 of the Constitution of Alabama
of 1901. (2) The proceeds from any other tax (including any ad valorem tax and any privilege,
license, or excise tax) that at the time of the issuance of the said warrants may lawfully
be used by the county for payment of such principal and interest. (3) Any other revenues of,
or funds available to, the county that at the time of the issuance of the said warrants may
lawfully be used by the county for payment of such principal and interest, including (but...

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11-9-23
Section 11-9-23 Special pledges for payment of principal and interest. The county commission
of the county issuing any such warrants may, in its discretion, assign and specially pledge
for the payment of the principal of and interest on such warrants so much as may be necessary
for said payment of any one or more of the following (or any part thereof): (1) The proceeds
from the general annual ad valorem tax of one half of one percent which the county is authorized
to levy without reference to the purpose thereof under the provisions of Section 215
of the Constitution of Alabama of 1901; (2) The proceeds from any other tax (including any
ad valorem tax and any privilege, license or excise tax) that at the time of the issuance
of the said warrants may lawfully be used by the county for payment of such principal and
interest; and, (3) The revenues derived by the county from any waterworks system of the county.
To the extent necessary and sufficient for making the payments in respect of...
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22-27-23
Section 22-27-23 Special pledges for payment of principal and interest on warrants.
(a) The county commission of the county issuing any such warrants may, in its discretion,
assign and specially pledge, for the payment of the principal of and interest on such warrants,
so much as may be necessary for said payment of any one or more of the following, or any part
thereof: (1) The proceeds from the general annual ad valorem tax of one half of one percent
which the county is authorized to levy without reference to the purpose thereof under the
provisions of Section 215 of the Constitution of Alabama of 1901; (2) The proceeds
from any other tax, including any ad valorem tax and any privilege, license or excise tax,
that at the time of the issuance of the said warrants may lawfully be used by the county for
payment of such principal and interest; and (3) The revenues derived by the county from any
solid wastes collection and disposal facilities owned, controlled, used or operated by the...

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