The bonds and other obligations issued by any housing authority pursuant to this article or this chapter shall be security for public deposits and legal investments to the same extent and for the same persons, institutions, associations, corporations, public and private bodies, including all public bodies except counties, and officers as are bonds or other obligations issued pursuant to this chapter.
Ala. Code § 24-1-114
Bonds and Other Obligations of Authorities Legal Investments.
Known as the Supplemental Housing Authorities Law
The act spans §§ 24-1-100 to 24-1-117 (18 sections).
(Acts 1943, No. 541, p. 512, §13.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.