Alabama § 22-21-112 Issuance of Securities - Validation Prior to Issuance

Alabama Statutes

§ 22-21-112 — Issuance of Securities - Validation Prior to Issuance

Alabama § 22-21-112

JurisdictionAlabama

Title 22Health, Mental Health, and Environmental Control

Ch. 21Hospitals and Other Health Care Facilities Generally

Art. 4County Hospital Boards and Corporations

Div. 2Hospital Corporations

This text of Alabama § 22-21-112 (Issuance of Securities - Validation Prior to Issuance) 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 § 22-21-112 (2026).

Text

The directors of any hospital corporation may, in their discretion, before the issuance of any securities, determine the authority of the hospital corporation to issue such securities, and the legality of all proceedings had or taken in connection therewith and the validity of the tax or other means provided for the payment thereof and the validity of all pledges of revenues and of all covenants and provisions contained in any resolution authorizing the securities in a proceeding instituted and conducted in accordance with Sections 6-6-750 through 6-6-757 as the same may be amended from time to time, or any similar proceeding prescribed by law, but such proceedings shall not be essential to the validity of such securities.

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

The directors of any hospital corporation may, in their discretion, before the issuance of any securities, determine the authority of the hospital corporation to issue such securities, and the legality of all proceedings had or taken in connection therewith and the validity of the tax or other means provided for the payment thereof and the validity of all pledges of revenues and of all covenants and provisions contained in any resolution authorizing the securities in a proceeding instituted and conducted in accordance with Sections 6-6-750 through 6-6-757 as the same may be amended from time to time, or any similar proceeding prescribed by law, but such proceedings shall not be essential to the validity of such securities.