(a) The state, and each county, municipality, board of education, political subdivision, public instrumentality, public corporation or other public entity howsoever identified, which is authorized by law to issue bonds, warrants, notes, certificates of indebtedness or other securities howsoever identified is hereby further authorized to issue any such securities in fully registered form without coupons.
(b) This law shall not repeal any existing law which authorizes the issuance of securities in any other form but no such existing law shall be construed to prohibit the issuance of securities in the form permitted by subsection (a) hereof or to require that securities be issued in any form other than that permitted hereby.
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.