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2017 Code of Alabama
Title 11 - COUNTIES AND MUNICIPAL CORPORATIONS.
Title 3 - PROVISIONS APPLICABLE TO COUNTIES AND MUNICIPAL CORPORATIONS.
Chapter 99A - Alabama Improvement Districts.
Section 11-99A-44 - Bonds in series.
Universal Citation: AL Code § 11-99A-44 (2017)
Section 11-99A-44Bonds in series.
Bonds of a district may be issued in series, and, for example, one series may be issued as tax-exempt under the United States Internal Revenue Code, while another series may be issued as taxable. A separate series may also have different assessments pledged as security or may have its proceeds designated for the acquisition, construction, and installation of different improvements.
(Act 99-446, p. 1013, §1.)
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