A district may make provisions for the subsequent issue of additional parity bonds or subordinate lien bonds on terms and conditions specified in the proceedings of the board with respect to the bond issue.
Ala. Code § 11-99A-45
Parity Bonds.
Known as the Alabama Improvement District Act
The act spans §§ 11-99A-1 to 11-99A-9 (52 sections).
(Act 99-446, p. 1013, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.