The authority may, from time to time, sell and issue its refunding bonds, without limitation as to principal amount, for the purpose of refunding any matured or unmatured bonds of the authority at the time outstanding and paying any premiums necessary to be paid to redeem any such bonds so to be refunded and all expenses incurred in connection therewith. Such refunding bonds shall be subrogated and entitled to all priorities, rights and pledges to which the bonds refunded thereby were entitled.
Structure Code of Alabama
Article 15 - Alabama State Parking Deck Authority.
Section 41-10-490 - Definitions.
Section 41-10-491 - Purpose of Article and Construction.
Section 41-10-492 - Authority as Public Corporation.
Section 41-10-493 - Application for Certificate of Incorporation.
Section 41-10-494 - Certificate of Incorporation.
Section 41-10-495 - Members; Directors; Quorum; Vacancies; Salaries; Officers.
Section 41-10-496 - Resolutions and Proceedings of Board of Directors.
Section 41-10-497 - Powers Generally.
Section 41-10-498 - Temporary Loans in Anticipation of Issuance of Bonds.
Section 41-10-499 - Execution of Bonds and Notes.
Section 41-10-500 - Bonds Authorization.
Section 41-10-501 - Sale and Issuance of Refunding Bonds.
Section 41-10-502 - Specifications and Priority of Bonds.
Section 41-10-503 - Sale of Bonds.
Section 41-10-504 - Bonds of Authority Eligible for Investment of Trust Funds.
Section 41-10-505 - Security for Deposit of Governmental Funds.
Section 41-10-506 - Disposition of Proceeds of Bonds.
Section 41-10-507 - Investment of Proceeds.
Section 41-10-509 - Enforcement Upon Default.
Section 41-10-510 - Bonds and Coupons Deemed Negotiable Instruments.
Section 41-10-511 - Obligations, Bonds and Notes Not Debt of State.
Section 41-10-512 - Conveyance of Land to Corporation; Conveyance of Improvements Back to State.
Section 41-10-513 - Facilities - Construction.
Section 41-10-514 - Leasing to State Agencies.
Section 41-10-515 - Leasing to County, Municipal Corporation, Agency of Federal Government, Etc.
Section 41-10-516 - Special Funds.
Section 41-10-517 - Exemption From Taxation.
Section 41-10-518 - Venue for Actions.
Section 41-10-519 - Fees of Secretary of State.
Section 41-10-520 - Interest on Bonds Exempt From Federal Income Tax.
Section 41-10-521 - Dissolution.
Section 41-10-522 - Exemption of Leases of Facilities From Competitive Bid Laws.