GroundRules
Ala. Code § 11-81-168: Revenue Bonds - Negotiability.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 3 Provisions Applicable to Counties and Municipal Corporations.
- Chapter 81 Municipal and County Bonds.
- Article 5 Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.
Such bonds shall have all of the qualities and incidents of negotiable instruments under the law merchant and the applicable provisions of Title 7 and Title 8; except, that they shall not be construed as containing an unconditional promise to pay.
Collected 2026-09-03T14:01:52Z. Source file · JSON