Alabama Statutes
§ 41-4-10 — Use of Funds in Sinking Fund - Purchase and Holding in Trust of State Bonds
Alabama § 41-4-10
This text of Alabama § 41-4-10 (Use of Funds in Sinking Fund - Purchase and Holding in Trust of State Bonds) 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 § 41-4-10 (2026).
Text
With the consent of the Governor, the funds in the sinking fund for retiring old bonded debt may be used from time to time by the Department of Finance for the purpose of purchasing and holding in trust in said fund bonds of the State of Alabama. It shall be the duty of the Department of Finance to see that the funds coming into any sinking fund are applied in satisfaction of the bonds against which said sinking fund was created.
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Legislative History
(Acts 1935, No. 311, p. 743; Acts 1939, No. 112, p. 144; Code 1940, T. 55, §75.)
Nearby Sections
15
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Bluebook (online)
Alabama § 41-4-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/41-4-10.