The corporation may sell and issue its refunding bonds, without limit as to principal amount, for the purpose of refunding any bonds of the corporation at the time outstanding, paying the expenses of issuance, and paying any premiums necessary to be paid to redeem any bonds to be refunded.
Ala. Code § 2-6-111
Refunding Bonds.
Known as the Garrett Coliseum Redevelopment Act
The act spans §§ 2–2 (28 sections).
(Act 2011-575, p. 1231, §13.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.