GroundRules
Ala. Code § 37-7-15: Bonds or Obligations - Purchase of Own Obligations.
Where this section sits in the code
- Title 37 Public Utilities and Public Transportation.
- Chapter 7 Electric Membership Corporations.
A corporation shall have power out of any funds available therefor to purchase any obligations issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All obligations so purchased shall be cancelled.
Collected 2026-09-03T14:01:51Z. Source file · JSON