Alabama Statutes
§ 37-7-14 — Bonds or Obligations - Covenants or Agreements
In connection with the issuance of any obligations, a corporation may make such covenants or agreements and do any and all such acts and things as may be necessary or convenient or desirable in order to secure its obligations or which, in the absolute discretion of the board, tend to make the obligations more marketable, notwithstanding that such covenants, agreements, acts and things may constitute a limitation on the exercise of the powers granted in this chapter.
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Alabama § 37-7-14 (Bonds or Obligations - Covenants or Agreements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1935, No. 45, p. 100; Code 1940, T. 18, §23.)
Nearby Sections
15
§ 37-1-1
Commission Established§ 37-1-100
Effective Date of Orders§ 37-1-101
Modification of Orders§ 37-1-102
Record of Proceedings§ 37-1-105
Rehearing§ 37-1-122
Time for Appeal; How Appeal Perfected