Bonds issued under the provisions of this article are hereby made legal investments for executors, administrators, trustees and other fiduciaries, unless otherwise directed by the court having jurisdiction of the fiduciary relation or by the document that is the source of the fiduciary's authority. Such bonds shall be legal investments for savings banks and insurance companies organized under the laws of the state.
Structure Code of Alabama
Chapter 3 - Airport Authorities.
Article 1 - General Provisions.
Section 4-3-2 - Procedure for Incorporation.
Section 4-3-3 - Contents of Certificate of Incorporation.
Section 4-3-4 - Execution and Recordation of Certificate of Incorporation.
Section 4-3-5 - Board of Directors of Authority.
Section 4-3-6 - Officers of Authority.
Section 4-3-7 - Immunity of Authority and Directors From Liability for Negligence.
Section 4-3-11 - Powers of Authority Generally.
Section 4-3-12 - Federal and State Aid.
Section 4-3-13 - Assistance and Cooperation by Counties, Municipalities, Etc.
Section 4-3-16 - Execution and Delivery of Bonds.
Section 4-3-17 - Security for Bonds.
Section 4-3-18 - Use of Proceeds From Sale of Bonds.
Section 4-3-19 - Refunding Bonds.
Section 4-3-20 - Investment of County, Municipal, etc., Funds in Bonds.
Section 4-3-22 - Procedure for Dissolution of Authority.
Section 4-3-23 - Certain Contracts or Legal Actions Validated.