The authority may, from time to time, and at any time, issue and sell its refunding bonds for the purpose of refunding any matured or unmatured bonds of the authority at the time outstanding and any premiums necessary to be paid to redeem any bonds so to be refunded. The holders of such refunding bonds shall be subrogated and entitled to all priorities, rights and pledges to which the bonds refunded thereby were entitled.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 29 - Pollution Control Finance Authority.
Section 22-29-1 - Definitions.
Section 22-29-2 - Purpose of Chapter.
Section 22-29-3 - Incorporation - Authorized.
Section 22-29-4 - Incorporation - Application.
Section 22-29-5 - Incorporation - Certificate of Incorporation.
Section 22-29-6 - Members, Officers and Directors; Quorum; Resolutions and Orders.
Section 22-29-8 - Bonds - Authorization to Issue and Sell; Security for Payment.
Section 22-29-9 - Bonds - Procedure for Sale.
Section 22-29-10 - Bonds - Presumption of Validity; Contest of Validity.
Section 22-29-11 - Temporary Financing.
Section 22-29-12 - Refunding Bonds.
Section 22-29-13 - Execution of Bonds, Certificates and Promissory Notes.
Section 22-29-14 - Bonds and Coupons Deemed Negotiable Instruments.
Section 22-29-15 - Bonds, Notes and Certificates Not Debt of State.
Section 22-29-16 - Custody of Moneys and Funds; Disposition of Same.
Section 22-29-17 - Grants to Local Public Bodies - Authorized.
Section 22-29-18 - Grants to Local Public Bodies - Appropriations.
Section 22-29-19 - Grants to Local Public Bodies - Applications.
Section 22-29-20 - Grants to Local Public Bodies - Plan or Program.
Section 22-29-21 - Grants to Local Public Bodies - Powers of Local Public Bodies.