Alabama § 11-81-116 Redemption of Bonds

Alabama Statutes

§ 11-81-116 — Redemption of Bonds

Alabama § 11-81-116

JurisdictionAlabama

Title 11Counties and Municipal Corporations

Ch. 81Municipal and County Bonds

Art. 4Public Improvement Bonds

Div. 1Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally

This text of Alabama § 11-81-116 (Redemption of Bonds) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 11-81-116 (2026).

Text

At any 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 governing body of such municipality 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.

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At any 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 governing body of such municipality 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.