§ 6-81-121 - Bonds, notes, etc. -- Sufficient security for state and local funds.

6-81-121. Bonds, notes, etc. -- Sufficient security for state and local funds.

When accompanied by unmatured coupons appurtenant thereto, if any, the obligations issued pursuant to this subchapter are sufficient security for all deposits of state funds or funds of political subdivisions of this state at the par value of the obligations.