Code of Alabama
Article 3 - Acquisition, etc., of Projects for Provision of Buildings and Other Facilities for Certain National Organizations.
Section 11-54-59 - Investment in Bonds by Savings Banks and Insurance Companies.

Bonds issued under the provisions of this article shall be legal investments for savings banks and insurance companies organized under the laws of this state.

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Structure Code of Alabama

Code of Alabama

Title 11 - Counties and Municipal Corporations.

Title 2 - Provisions Applicable to Municipal Corporations Only.

Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.

Article 3 - Acquisition, etc., of Projects for Provision of Buildings and Other Facilities for Certain National Organizations.

Section 11-54-50 - Definitions.

Section 11-54-51 - Legislative Intent; Construction of Article Generally.

Section 11-54-52 - Powers of Municipalities Generally as to Acquisition, Leasing, etc., of Projects for Provision of Buildings and Other Facilities for Certain National Organizations.

Section 11-54-53 - Requirements as to Leasing of Projects.

Section 11-54-54 - Bonds - Form, Terms, Denominations, etc.; Execution, Sale, Delivery, Redemption, Etc.

Section 11-54-55 - Bonds - Security for Payment of Principal and Interest.

Section 11-54-56 - Bonds - Disposition of Proceeds From Sale.

Section 11-54-57 - Refunding Bonds.

Section 11-54-58 - Notice To, Consent or Approval of Governmental Body, etc., Not to Be Required for Issuance or Sale of Bonds or Execution of Mortgages.

Section 11-54-59 - Investment in Bonds by Savings Banks and Insurance Companies.

Section 11-54-60 - Municipalities Not to Contribute to Costs of Acquisition of Projects or Use Municipal Lands for Projects.

Section 11-54-61 - Exemption From Taxation of Projects, Bonds, Etc.

Section 11-54-62 - Construction of Article.