Alabama § 11-81-116 Redemption of Bonds

Alabama Statutes

§ 11-81-116 — Redemption of Bonds

Alabama·Title 11 Counties and Municipal Corporations·Ch. 81 Municipal and County Bonds·Art. 4 Public Improvement Bonds·Div. 1 Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally

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.

Alabama § 11-81-116 (Redemption of Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.