Statutes, codes, and regulations
Code of Alabama
Title 11 - COUNTIES AND MUNICIPAL CORPORATIONSSubtitle 2 - PROVISIONS APPLICABLE TO MUNICIPAL CORPORATIONS ONLYChapter 47 - POWERS, DUTIES AND LIABILITIES GENERALLY
Article 9 - PARKS, PLAYGROUNDS, AND OTHER RECREATIONAL AND ATHLETIC AREAS AND FACILITIES
Section 11-47-227 - Construction of bonds as negotiable instruments

Ala. Code § 11-47-227

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Current with legislation from 2024 effective through May 17, 2024.
Section 11-47-227 - Construction of bonds as negotiable instruments

Bonds issued by an authority shall be construed to be negotiable instruments although payable solely from a specified or limited source.

Ala. Code § 11-47-227 (1975)

Acts 1996, No. 96-320, p. 361, §9.