Any bonds which may be issued by the Governor of Alabama for the purpose of renewing or funding the bonded debt of this state shall be made payable and subject to redemption at any time not exceeding 50 years from the date of issue of said bonds.
Structure Code of Alabama
Chapter 1 - General Provisions.
Section 41-1-1 - Sovereignty and Jurisdiction of State; Territorial Waters; Legislative Findings.
Section 41-1-2 - Maintenance and Defense of State Authority and Jurisdiction.
Section 41-1-3 - Compromise of Claims in Favor of State.
Section 41-1-4 - When Bonds of State Payable.
Section 41-1-5 - Nepotism in State Service Prohibited.
Section 41-1-6 - Inventory of Nonconsumable Personal Property by Departments and Agencies.
Section 41-1-7 - Issuance of Securities in Fully Registered Form Without Coupons.
Section 41-1-9 - Issuance of Interest Bearing Securities, Etc.
Section 41-1-10 - Section 41-1-9 Deemed Declarative of Existing Law.