Alabama § 14-2-14 Bonds - Specifications; Redemption; Precedence

Alabama Statutes

§ 14-2-14 — Bonds - Specifications; Redemption; Precedence

Alabama § 14-2-14

Title 14Criminal Correctional and Detention Facilities

Ch. 2Alabama Corrections Institution Finance Authority

This text of Alabama § 14-2-14 (Bonds - Specifications; Redemption; Precedence) 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 § 14-2-14 (2026).

Text

Any bonds of the authority may be executed and delivered by it at any time and from time to time, shall be in such form and denominations and of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced in such manner, may contain provisions for redemption prior to maturity and may contain other provisions not inconsistent with this section, all as may be provided by the resolution of the authority whereunder such bonds are authorized to be issued; provided, that no bond of the authority shall have a specified maturity date later than 30 years after its date.

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Any bonds of the authority may be executed and delivered by it at any time and from time to time, shall be in such form and denominations and of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced in such manner, may contain provisions for redemption prior to maturity and may contain other provisions not inconsistent with this section, all as may be provided by the resolution of the authority whereunder such bonds are authorized to be issued; provided, that no bond of the authority shall have a specified maturity date later than 30 years after its date.