Alabama Code (Last Updated: November 28, 2014) |
Title41 STATE GOVERNMENT. |
Chapter10. AUTHORITIES. |
Article15. Alabama State Parking Deck Authority. |
§41-10-510. Bonds and coupons deemed negotiable instruments.
Latest version.
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All bonds issued by the authority shall be construed to be negotiable instruments even though they are payable from a limited source. All coupons applicable to any bonds issued by the authority shall likewise be construed to be negotiable instruments although payable from a limited source.