Debt settlement files of the county railroad bond files, 1880-1887.

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Debt settlement files of the county railroad bond files, 1880-1887.

In 1885 the State Legislature passed an act whereby the State of Ala. would assume the debts of various counties that had issued bonds to construct a railroad in the county. The state accomplished this by buying back the bonds of the railroad thus eliminating the debt of the county. The series contains bonds, correspondence, and financial reports on the debt settlement of those counties.

1 cubic ft. (1 record center carton).

Related Entities

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Alabama. State Auditor (1875- )

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Authorities: Alabama Constitution of 1901, Including Amendments Ratified in 1966. Article V, Section 116. (Charlottesville: The Michie Company, 1967). Brookings, Robert S. Organization and Administration of the State Government of Alabama. (Washington, D.C.: Institute for Government Research of the Brookings Institution, 1932). The Code of Alabama. The Constitution of 1819: Article IV, Sec. 23 (p. 73), 1907; The Constitution of 1868: Article V, Se...