11-95-8
Section 11-95-8 Bonds of corporation - From what source payable; pledge of revenues;
execution; form, interest rate, maturity, sale, and negotiability; nature of obligation and
source of payment; investment eligibility. (a) All bonds issued by a corporation shall be
payable solely from one or more of the following sources as may be designated in the proceedings
of the board under which such bonds shall be authorized to be issued: (1) Hospital taxes;
and (2) Revenues from any hospital facilities owned or operated by it. (b) The principal of
and interest on any bonds issued by a corporation shall be secured by a pledge of the designated
revenues and may be secured by a trust indenture evidencing such pledge or by a non-foreclosable
mortgage and deed of trust conveying as security for such bonds all or any part of the property
of the corporation from which any part of the designated revenues so pledged may be derived.
The resolution of the board under which the bonds are authorized to be...
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11-86A-16
Section 11-86A-16 Application of proceeds from the sale of bonds; source of payment;
pledge of county's or municipality's credit; negotiability; exemption from taxation; pledge
as security for funds belonging to a public person; investment in bonds by fiduciaries; no
public hearing required; investment in bonds by Teachers' Retirement System of Alabama, the
Employees' Retirement System of Alabama, and the State Insurance Fund; investment in bonds
by public persons. (a) The proceeds from the sale of any bonds shall be applied as provided
in the proceedings in which the bonds are authorized to be issued, including, without limitation,
the payment of all legal, fiscal, and recording fees and expenses incurred in connection with
the authorization, sale, and issuance of the bonds and, if provided in the proceedings authorizing
their issuance, interest on the bonds (or if only a part of any issue of bonds is issued for
acquisition purposes, interest on that portion of the bonds of that issue...
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41-10-767
Section 41-10-767 Bonds are legal investments. Bonds issued by the authority are hereby
made a legal investment for savings banks and insurance companies organized under the laws
of the state and for trustees, executors, administrators, guardians, persons or organizations
acting in a fiduciary capacity, unless otherwise directed by a court having jurisdiction or
by a document providing fiduciary authority. Any governmental entity or public corporation
is authorized, in its discretion, to invest any available funds in the bonds of the authority.
(Act 2016-469, 1st Sp Sess., §18.)...
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4-3-21
Section 4-3-21 Eligibility of bonds as investments for trusts, savings banks, insurance
companies, etc. Bonds issued under the provisions of this article are hereby made legal investments
for executors, administrators, trustees and other fiduciaries, unless otherwise directed by
the court having jurisdiction of the fiduciary relation or by the document that is the source
of the fiduciary's authority. Such bonds shall be legal investments for savings banks and
insurance companies organized under the laws of the state. (Acts 1963, No. 265, p. 696, §18.)...

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4-3-58
Section 4-3-58 Eligibility of bonds as investment for trusts, savings banks, insurance
companies, etc. Bonds issued under the provisions of this article are hereby made legal investments
for executors, administrators, trustees and other fiduciaries, unless otherwise directed by
the court having jurisdiction of the fiduciary relation or by the document that is the source
of the fiduciary's authority. Such bonds shall be legal investments for savings banks and
insurance companies organized under the laws of the state. (Acts 1977, No. 331, p. 433, §19.)...

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11-61A-20
Section 11-61A-20 Bonds deemed legal investment. Bonds issued under this chapter are
deemed legal investments for executors, administrators, trustees, and other fiduciaries, unless
otherwise directed by the court having jurisdiction of the fiduciary relation or by the document
that is the source of the fiduciary's authority. The bonds shall be legal investments for
savings banks and insurance companies organized under the laws of the state. (Acts 1994, No.
94-254, p. 470, §20.)...
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11-101A-17
Section 11-101A-17 Securities are legal investments. Securities issued under this chapter
are hereby made legal investments for savings banks and insurance companies organized under
the laws of the state. Unless otherwise directed by the court having jurisdiction thereof
or the document that is the source of authority, a trustee, executor, administrator, guardian,
or one acting in any other fiduciary capacity may, in addition to any other investment powers
conferred by law and with the exercise of reasonable business prudence, invest trust funds
in securities of an authority. The governing body of any authorizing subdivision, or any county
or municipality in which any project of an authority may be situated, may, in its discretion,
invest in securities of the authority any idle or surplus money held in its treasury which
is not otherwise earmarked or pledged. (Act 2001-642, p. 1317, §1.)...
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11-47-231
Section 11-47-231 Bonds as legal investments. The bonds of an authority shall be legal
investments in which the state and its agencies and instrumentalities, all counties, municipalities,
and other political subdivisions of the state and public corporations organized under the
laws thereof, all insurance companies and associations and other persons carrying on an insurance
business, all banks, savings banks, savings and loan associations, trust companies, credit
unions, and investments companies of any kind, all administrators, guardians, executors, trustees
and other fiduciaries, and all other persons whosoever are now or may hereafter be authorized
to invest in bonds or other obligations of the state, may properly and legally invest funds
in their control or belonging to them. (Acts 1996, No. 96-320, p. 361, §13.)...
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11-89A-20
Section 11-89A-20 Bonds of authority as legal investments. The bonds of any authority
shall be legal investments in which the state and its agencies and instrumentalities, all
counties, municipalities and other political subdivisions of the state and public corporations
organized under the laws thereof, all insurance companies and associations and other persons
carrying on an insurance business, all banks, savings banks, savings and loan associations,
trust companies, credit unions and investment companies of any kind, all administrators, guardians,
executors, trustees and other fiduciaries, and all other persons whosoever are now or may
hereafter be authorized to invest in bonds or other obligations of the state, may properly
and legally invest funds in their control or belonging to them. (Acts 1980, No. 80-278, p.
368, §21.)...
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22-21-326
Section 22-21-326 Securities issued under article as legal investments. Securities issued
under the provisions of this article are hereby made legal investments for savings banks and
insurance companies organized under the laws of the state. Unless otherwise directed by the
court having jurisdiction thereof or the document that is the source of authority, a trustee,
executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition
to any other investment powers conferred by law and with the exercise of reasonable business
prudence, invest trust funds in securities of an authority. The governing body of any authorizing
subdivision (or any county or municipality in which any health care facilities of an authority
may be situated) is authorized, in its discretion, to invest in securities of such authority
any idle or surplus money held in its treasury which is not otherwise earmarked or pledged.
(Acts 1982, No. 82-418, p. 629, §17.)...
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