Nothing contained in this chapter shall be construed to confer on any county or municipality any right or option to redeem any securities heretofore or hereafter issued except as is or may be provided in the proceedings under which such securities were or shall be issued.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 82 - Redemption of Securities.
Section 11-82-1 - Definitions.
Section 11-82-2 - Retention of Option to Redeem - Generally.
Section 11-82-3 - Retention of Option to Redeem - Securities Maturing More Than 10 Years After Date.
Section 11-82-4 - Limitation on Redemption Prices.
Section 11-82-5 - Option to Redeem to Be Provided in Proceedings for Issuance of Securities.