Home/Alabama/Statutes/Title 11: Counties and Municipal Corporations/Ch. 57: Public Library Authorities/§ 11-57-14
Alabama Statutes

§ 11-57-14 — Bonds - Negotiability

Alabama·Title 11 Counties and Municipal Corporations·Ch. 57 Public Library Authorities
All bonds issued by the authority, while not registered, 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, while the applicable bonds are not registered as to both principal and interest, shall likewise be construed to be negotiable instruments although payable from a limited source.

Free access — add to your briefcase to read the full text and ask questions with AI

Alabama § 11-57-14 (Bonds - Negotiability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Acts 1961, No. 895, p. 1407, §19; Acts 1961, Ex. Sess., No. 289, p. 2335, §19.)

Nearby Sections

15
§ 11-1-1
Number and Names of Counties
§ 11-1-10
Contracts with Federal, State, and Other County Governments
§ 11-1-11
Payment of Membership Fees in State Organizations, Etc., for Sheriffs, Tax Assessors, Tax Collectors, Circuit Clerks and Registers, License Commissioners, Etc
§ 11-1-12
Preparation, Etc., of County Assessment Maps or Plats
§ 11-1-13
Alteration, Etc., of Precinct or Beat Lines or Creation of New Precincts or Beats
§ 11-1-14
Provision of Voting Places Where Precinct or Beat Lines Altered, Etc., or New Precincts or Beats Created
§ 11-1-15
Authority to Join National and State Association of County Commissions
§ 11-1-16
Warrants for Borrowing Purposes - Execution
§ 11-1-17
Warrants for Borrowing Purposes - Form of Warrants, Refunding Warrants, Coupons, Etc
§ 11-1-2
County Declared a Body Corporate
§ 11-1-3
Jurisdiction Over Navigable Streams Not Within Limits of Any County; Execution of Process on Said Streams
§ 11-1-5
Uniform Designation for County Governing Bodies
§ 11-1-6
Transfer of Money Erroneously Paid into County Treasury, Etc., to State Treasury
§ 11-1-7
Appointment and Use of Public Depositories; Liability
§ 11-1-8
Closing of County Offices on Legal Holidays and for Special Circumstances; Deadlines Extended for Filing Documents
View on official source ↗