Bonds issued under the provisions of this article are hereby made legal investments for savings banks and insurance companies organized under the laws of the state. Unless otherwise directed by the court having jurisdiction thereof or 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 funds in the bonds of the authority.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 21 - Hospitals and Other Health Care Facilities Generally.
Article 5 - Municipal Hospital Building Authorities.
Section 22-21-130 - Definitions.
Section 22-21-131 - Purpose and Construction of Article.
Section 22-21-132 - Incorporation - Application; Resolution.
Section 22-21-133 - Incorporation - Certificate of Incorporation - Contents; Amendments.
Section 22-21-134 - Incorporation - Certificate of Incorporation - Filing.
Section 22-21-135 - Board of Directors.
Section 22-21-137 - Powers - Generally.
Section 22-21-138 - Powers - Eminent Domain.
Section 22-21-139 - Conveyance of Property by Municipalities.
Section 22-21-140 - Lease Agreements With Municipality.
Section 22-21-141 - Bonds - Revenue.
Section 22-21-142 - Bonds - Refunding.
Section 22-21-143 - Bonds - Execution.
Section 22-21-144 - Bonds - Security.
Section 22-21-145 - Bonds - Recital and Notice of Issuance; Limitation on Actions to Contest.
Section 22-21-146 - Bonds - Legal Investment - Banks, Insurers and Fiduciaries.
Section 22-21-147 - Bonds - Legal Investment - Municipal Funds.
Section 22-21-148 - Bonds - Negotiable Instruments.
Section 22-21-149 - Bonds - Use of Proceeds.
Section 22-21-150 - Bonds - Default.
Section 22-21-151 - Obligations Not Debt of State or Municipality.
Section 22-21-152 - Investment of Funds.
Section 22-21-153 - Taxation Exemption.
Section 22-21-154 - Dissolution.
Section 22-21-155 - Article Cumulative.
Section 22-21-156 - Lease of Hospitals, Buildings or Facilities to Public or Nonprofit Corporations.