Alabama § 11-81-25 - Sinking Fund Bonds - Powers of Trustee of Sinking Fund.
Full text of Alabama Code of Alabama § 11-81-25 — Sinking Fund Bonds - Powers of Trustee of Sinking Fund., with citation guidance and answers to common questions.
§ 11-81-25. Sinking Fund Bonds - Powers of Trustee of Sinking Fund.
Any trustee of a sinking fund established under Sections 11-81-22 through 11-81-24 shall have power to invest in such manner and subject to such restrictions as may be prescribed in the ordinance or resolution establishing such sinking fund any moneys which it may receive as such trustee, pending the application of such moneys to the payment of such unmatured bonds, in any bonds of such city which are general obligations or in any direct general obligations of the United States.
Any such trustee shall have power and authority to proceed by civil action, mandamus or other appropriate proceeding to enforce and compel payment of any bonds issued to and placed with the sinking fund of which it shall be trustee.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 11-81-25
What does Code of Alabama § 11-81-25 cover?
Section 11-81-25 ("Sinking Fund Bonds - Powers of Trustee of Sinking Fund.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 11-81-25?
A common citation format is "Code of Alabama § 11-81-25" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 11-81-25 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.