Section 2-6-34 State Treasurer to disburse rental payments. - Alabama Statutes

Section 2-6-34

State Treasurer to disburse rental payments.

Out of the rental payments provided to be made in the lease authorized in Section 2-6-27, the State Treasurer is authorized and directed to pay the principal of and interest on the bonds and the coupons as the said principal and interest shall respectively mature and to set up and maintain any reserve therefor provided for in the proceedings under which the bonds of the corporation are authorized to be issued.

(Acts 1951, No. 532, p. 934, §16.)