Guarantee or Obligation on Part of State Not to Be Implied.

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  6. Guarantee or Obligation on Part of State Not to Be Implied.

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Section 37-4-12

Guarantee or obligation on part of state not to be implied.

Nothing in this article shall be construed to imply any guarantee or obligation as to such securities on the part of the State of Alabama.

(Acts 1920, No. 37, p. 38; Code 1923, §9749; Code 1940, T. 48, §314.)


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