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 2 - Alternate Procedure for Incorporation.
Section 4-3-42 - Certificate of Incorporation - Contents.
Section 4-3-43 - Certificate of Incorporation - Execution and Recordation.
Section 4-3-44 - Certificate of Incorporation - Amendment.
Section 4-3-45 - Board of Directors of Authority.
Section 4-3-46 - Officers of Authority; Personnel.
Section 4-3-47 - Powers of Authority Generally.
Section 4-3-48 - Receipt, Expenditure, etc., of Federal, State and Local Aid.
Section 4-3-49 - Assistance and Cooperation by Counties, Municipalities, Etc.
Section 4-3-50 - Civil Actions Against Authority, Directors, Etc.
Section 4-3-53 - Bonds - Execution and Delivery.
Section 4-3-54 - Bonds - Security for Payment of Principal and Interest.
Section 4-3-55 - Bonds - Disposition of Proceeds From Sale.
Section 4-3-56 - Refunding Bonds.
Section 4-3-57 - Investment of County or Municipal Funds in Bonds.