All bonds (and income therefrom) issued by the authority shall be construed to be negotiable instruments subject to the registration provisions pertaining to transfers, even though they are payable from a limited source.
Ala. Code § 41-10-280
Bonds Constitute Negotiable Instruments; Registration of Transfers.
(Acts 1986, No. 86-420, p. 627, §21.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.