Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-81-8 - Estimate as to period of usefulness of improvement or property for which bonds issued
Section 11-81-8 - Estimate as to period of usefulness of improvement or property for which bonds issued.
The governing body shall estimate the period of usefulness of the improvement or property for which the bonds are issued, and such estimate of the governing body shall be conclusive.
(Acts 1927, No. 478, p. 534; Code 1940, T. 37, §256.)