Bonds of a municipality shall be signed by two or more officers of the municipality holding office at the time of such signing, one of which officers shall be the mayor or other chief executive officer, and the corporate seal of such municipality shall be affixed to the bonds. Interest coupons attached to bonds may bear a facsimile signature of one or both of said officers. The delivery of bonds so executed shall be valid notwithstanding any changes in officers or in the seal of the municipality after the signing and sealing of the bonds.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 81 - Municipal and County Bonds.
Article 2 - Municipal Bonds Generally.
Section 11-81-50 - Municipality Defined.
Section 11-81-51 - Purposes for Which Bonds May Be Issued.
Section 11-81-52 - Ordering of Election for Determination as to Issuance of Bonds.
Section 11-81-53 - Notice of Election.
Section 11-81-55 - Conduct of Election Generally.
Section 11-81-56 - Expenses of Election; Compensation of Managers, Clerks, and Returning Officers.
Section 11-81-57 - Board of Canvassers.
Section 11-81-58 - Recordation of Election Results.
Section 11-81-59 - Election Contest - Authorized; Bond Required.
Section 11-81-60 - Election Contest - Notice and Hearing.
Section 11-81-61 - Election Contest - Limitation of Action.
Section 11-81-62 - Issuance of Bonds.
Section 11-81-63 - Execution and Delivery of Bonds.
Section 11-81-65 - Bonds for Refunding or Funding of Bonds Outstanding - Security.
Section 11-81-66 - Bonds and Coupons Receivable for Payment of Taxes and Dues.