§ 41-1-4 — When Bonds of State Payable

Any bonds which may be issued by the Governor of Alabama for the purpose of renewing or funding the bonded debt of this state shall be made payable and subject to redemption at any time not exceeding 50 years from the date of issue of said bonds.

Legislative History

(Code 1907, §82; Code 1923, §84; Code 1940, T. 55, §14.)