Such bonds and coupons shall, after the maturity thereof, be receivable in payment of all taxes and dues to the municipality issuing the same. (Acts 1927, No. 478, p. 534; Code 1940, T. 37, §290.)
Bonds and Coupons Receivable for Payment of Taxes and Dues
Ala. Code § 11-81-66, under Municipal Bonds Generally.
Ala. Code § 11-81-66