Alabama § 45-18-90.03 - Bonds and Notes of Authority.
Full text of Alabama Code of Alabama § 45-18-90.03 — Bonds and Notes of Authority., with citation guidance and answers to common questions.
§ 45-18-90.03. Bonds and Notes of Authority.
Bonds and notes of the authority shall constitute negotiable instruments and may be secured by a pledge of the revenues from which they are payable, by contracts binding the authority for the proper application of its revenues and the proceeds of such bonds and notes and by a nonforeclosable mortgage or deed of trust, a statutory mortgage lien on the facilities and other property out of the revenues from which the bonds and notes are payable. Bonds and notes of the authority may be issued under a trust indenture.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 45-18-90.03
What does Code of Alabama § 45-18-90.03 cover?
Section 45-18-90.03 ("Bonds and Notes of Authority.") 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 § 45-18-90.03?
A common citation format is "Code of Alabama § 45-18-90.03" (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 § 45-18-90.03 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.