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143 chapters · 3,669 sections in this title.
Ala. Code § 11-82-1 Definitions
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As used in this chapter, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) SECURITIES. All types of bonds, warrants, certificates of indebtedness, notes and all evidences of indebtedness issued by …
Ala. Code § 11-82-2 Retention of Option to Redeem - Generally
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Any county or municipality in this state which may hereafter issue securities may, if such action shall be deemed advisable by the governing body of such county or municipality, retain in the proceedings of such governing body authorizing the issuance of such securities an option…
Ala. Code § 11-82-3 Retention of Option to Redeem - Securities Maturing More Than 10 Years After Date
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Any county or municipality in this state which may hereafter issue securities having a stated maturity more than 10 years after the date thereof shall retain in the proceedings of its governing body authorizing the issuance of such securities an option to redeem at the expiration…
Ala. Code § 11-82-4 Limitation on Redemption Prices
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The price or prices at which any redemption whatsoever shall be made shall not exceed the par value of the securities with respect to which such option may be exercised plus accrued interest thereon to the redemption date and plus a premium which shall not exceed 12 months’ inter…