The State Treasurer is authorized and directed to pay the principal of and interest on the bonds (or any bonds issued to refund any of the bonds) at the respective maturities of the said principal and interest, out of the special fund created in Section 33-13-10, and to such extent, if any, as the moneys in the said special fund may be insufficient for such purpose, out of any other funds in the State Treasury. The State Treasurer is further authorized and directed to set up and maintain appropriate records pertaining to payment of the said principal and interest.
Structure Code of Alabama
Title 33 - Navigation and Watercourses.
Chapter 13 - Alabama Port Authority.
Section 33-13-1 - Definitions.
Section 33-13-2 - Legislative Intent; Construction of Chapter.
Section 33-13-3 - Authorization to Form Public Corporation.
Section 33-13-4 - Procedure for Incorporation.
Section 33-13-5 - Certificate of Incorporation; No Fees to Be Paid to Secretary of State.
Section 33-13-6 - Members, Officers and Directors; Meetings; Record of Proceedings.
Section 33-13-7 - Powers Enumerated.
Section 33-13-8 - Fiscal Year; Reports and Recommendations.
Section 33-13-9 - Bonds - Generally.
Section 33-13-10 - Bonds - State Docks Facilities Reserve Fund.
Section 33-13-11 - Bonds - Refunding Bonds.
Section 33-13-12 - Bonds - Disposition of Proceeds; Investments.
Section 33-13-13 - Bonds - State Treasurer to Pay Principal and Interest of Bonds; Records.