Code of Alabama
Article 2 - Alternate Procedure for Incorporation.
Section 4-3-58 - Eligibility of Bonds as Investment for Trusts, Savings Banks, Insurance Companies, Etc.

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

Code of Alabama

Title 4 - Aviation.

Chapter 3 - Airport Authorities.

Article 2 - Alternate Procedure for Incorporation.

Section 4-3-40 - Definitions.

Section 4-3-41 - Authority and Procedure for Incorporation; Reincorporation of Existing Airport Authorities.

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 4-3-51 - Bonds - Issuance and Sale Generally; Payment of Principal and Interest Generally; Form, Denominations, Terms, Etc.

Section 4-3-52 - Bonds - Publication of Notice of Bond; Limitation Period for Actions or Proceedings to Challenge Proceedings for Issuance of Bonds, 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.

Section 4-3-58 - Eligibility of Bonds as Investment for Trusts, Savings Banks, Insurance Companies, Etc.

Section 4-3-59 - Exemption of Bonds, Property and Income of Authority From Taxation; Concessionaires, Tenants, etc., of Authority Subject to State and Local Taxation; Exemption From Payment of Deed Recording Fees and Roll-Back Taxes.

Section 4-3-60 - Exemption From State Contracting, Purchasing and Zoning Restrictions; Zoning Powers.

Section 4-3-61 - Procedure for Dissolution.

Section 4-3-62 - Provisions of Article Cumulative.