Ala. Code § 11-88-108
Current with legislation from 2024 effective through May 17, 2024.
At a time when the amount of any particular fund shall, with its accumulations, equal the amount of any one of the outstanding bonds and accrued interest entitled to payment out of such fund, the board shall have authority to redeem any and all such bonds that may be presented for redemption at such times thereafter as the holders thereof may desire to present the same for redemption.
Ala. Code § 11-88-108 (1975)