Bonds issued by an authority shall be construed to be negotiable instruments although payable solely from a specified or limited source. (Acts 1996, No. 96-320, p. 361, §9.)
Construction of Bonds as Negotiable Instruments
Ala. Code § 11-47-227, under Parks, Playgrounds, and Other Recreational and Athletic Areas and Facilities.
Ala. Code § 11-47-227