All proceedings heretofore taken or adopted pursuant to which securities have heretofore been issued or are authorized to be issued hereafter by any county or municipality in this state, in which proceedings an option to redeem was reserved by the issuing county or municipality on the terms and conditions set out in such proceedings, are hereby validated.
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.