Section 40-17-82 Preservation of prior pledges. - Alabama Statutes

Section 40-17-82

Preservation of prior pledges.

It is the intention of the Legislature in enacting this division to preserve inviolate all pledges heretofore made pursuant to law of any portion of the proceeds derived from the highway gasoline tax for the benefit of those bonds now outstanding that are referred to in Section 40-17-72, or for the benefit of securities now outstanding that were issued pursuant to law by any county or municipality.

(Acts 1967, Ex. Sess., No. 224, p. 295, §10.)