All bonds issued by the authority, while not registered, shall be construed to be negotiable instruments even though they are payable from a limited source. All coupons applicable to any bonds issued by the authority, while the applicable bonds are not registered as to both principal and interest, shall likewise be construed to be negotiable instruments although payable from a limited source.
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.