The bonds of any authority shall be legal investments in which the state and its agencies and instrumentalities, all counties, municipalities and other political subdivisions of the state and public corporations organized under the laws thereof, all insurance companies and associations and other persons carrying on an insurance business, all banks, savings banks, savings and loan associations, trust companies, credit unions and investment companies of any kind, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons whosoever are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds in their control or belonging to them.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 89A - Solid Waste Disposal Authorities.
Section 11-89A-1 - Legislative Findings.
Section 11-89A-2 - Definitions.
Section 11-89A-5 - Amendments to Certificate of Incorporation.
Section 11-89A-7 - Officers of Authority.
Section 11-89A-8 - Powers of Authority; Location of Facilities of Authority.
Section 11-89A-9 - Bonds of Authority, Generally.
Section 11-89A-10 - Security for Payment of Bonds; Contracts and Agreements to Secure.
Section 11-89A-11 - Proceeds From Sale of Bonds.
Section 11-89A-12 - Refunding Bonds.
Section 11-89A-14 - Power of Eminent Domain.
Section 11-89A-15 - Cooperation, Aid, and Agreements From and With Other Bodies.
Section 11-89A-16 - Exemption From Taxation, Etc.
Section 11-89A-17 - Exemption From Usury and Interest Laws.
Section 11-89A-18 - Exemption From Competitive Bid Laws.
Section 11-89A-19 - Disposition of Net Earnings of Authority.
Section 11-89A-20 - Bonds of Authority as Legal Investments.
Section 11-89A-21 - Dissolution of Authority; Vesting of Title to Authority's Property.
Section 11-89A-22 - Incorporation of Another Authority by Same Determining Subdivision.
Section 11-89A-23 - Notice of Bond Resolution; Contest to Validity of Bonds, Etc.