Unless otherwise directed by the court having jurisdiction thereof or by the document that is the source of authority, a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition to any other investment powers conferred by law and with the exercise of reasonable business prudence, invest trust and other fiduciary funds in bonds of the authority.
Structure Code of Alabama
Chapter 17 - Educational Building Authorities.
Section 16-17-1 - Definitions.
Section 16-17-2 - Legislative Intent.
Section 16-17-3 - Procedure to Incorporate.
Section 16-17-4 - Amendments to Certificate of Incorporation.
Section 16-17-5 - Board of Directors.
Section 16-17-6 - Officers of Authority.
Section 16-17-7 - Powers of Authority.
Section 16-17-8 - Location of Ancillary Improvements.
Section 16-17-9 - Remedies Under Lease Agreements.
Section 16-17-10 - Bonds of Authority.
Section 16-17-11 - Contracts to Secure Bonds and Assumed Obligations.
Section 16-17-12 - Statutory Mortgage Lien.
Section 16-17-13 - Proceeds From Sale of Bonds.
Section 16-17-14 - Exemption From Taxation.
Section 16-17-15 - Freedom of Authority From State Supervision and Control.
Section 16-17-16 - Earnings of Authority.
Section 16-17-17 - Investments in Bonds of Authority.
Section 16-17-18 - Notice of Bond Resolution.
Section 16-17-19 - Dissolution of Authority and Vesting of Title to Its Properties.