Bonds issued under the provisions of this article shall be legal investments for savings banks and insurance companies organized under the laws of this state. (Acts 1961, Ex. Sess., No. 178, p. 2147, §10.)
Investment in Bonds by Savings Banks and Insurance Companies
Ala. Code § 11-20-10, under Acquisition, Ownership, and Lease of Projects by Counties.
Ala. Code § 11-20-10