# Ala. Code § 11-81-10: Section 11-81-10 Sale Price

> Alabama · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-10

## Section

- **Citation:** Ala. Code § 11-81-10
- **Heading:** Section 11-81-10 Sale Price
- **Jurisdiction:** Alabama
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Alabama Code / Title 3 / Chapter 81 / Section 11-81-10

## Text

All bonds, except revenue bonds, issued under this chapter shall be sold by the governing body at not less than 95 percent of their par value together with accrued interest from the date of the bonds to the date upon which they are delivered and paid for; provided, however, that towns and cities having a population of less than 6,000 may sell such bonds at not less than 90 percent of their par value and accrued interest to date of delivery; provided further, that funding and refunding bonds may be exchanged for outstanding obligations as provided in subsection (b) of Section 11-81-11.

## Nearby sections

- [Ala. Code § 11-81-1 Section 11-81-1 Execution of Mortgages to Secure Bonds and Indebtedness Incurred in Purchase, Construction, Extension, Etc., of School Buildings or Waterworks, Gas, Light, Etc., Plants](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-1.md)
- [Ala. Code § 11-81-2 Section 11-81-2 Execution of Mortgages or Deeds of Trust Upon Property Acquired, Etc., with Proceeds of Bond Issues; Recordation of Same](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-2.md)
- [Ala. Code § 11-81-3 Section 11-81-3 Issuance of Refunding or Funding Bonds as to Adjustment, Etc., of Indebtedness](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-3.md)
- [Ala. Code § 11-81-4 Section 11-81-4 Issuance of Refunding Interest-Bearing Certificates of Indebtedness, Warrants or Notes by Municipalities; Pledge of Tax, Revenues, Etc., for Payment of Principal and Interest on Same](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-4.md)
- [Ala. Code § 11-81-5 Section 11-81-5 Places of Payment](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-5.md)
- [Ala. Code § 11-81-6 Section 11-81-6 Maturity and Payment - Generally](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-6.md)
- [Ala. Code § 11-81-7 Section 11-81-7 Maturity and Payment - Bonds Issued and Sold in Series](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-7.md)
- [Ala. Code § 11-81-8 Section 11-81-8 Estimate as to Period of Usefulness of Improvement or Property for Which Bonds Issued](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-8.md)
- [Ala. Code § 11-81-9 Section 11-81-9 Form; Appointment of Registrar and Provision for Registration and Transfer](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-9.md)
- [Ala. Code § 11-81-10 Section 11-81-10 Sale Price](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-10.md)
- [Ala. Code § 11-81-11 Section 11-81-11 Sale](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-11.md)
- [Ala. Code § 11-81-12 Section 11-81-12 Determination of Highest Bidder](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-12.md)
- [Ala. Code § 11-81-13 Section 11-81-13 Disposition of Proceeds from Sale](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-13.md)
- [Ala. Code § 11-81-14 Section 11-81-14 Presumption as to Validity of Issuance, Sale, Etc.; Limitation Period for Actions to Contest Validity Thereof](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-10. Check the current official text before relying on it. Not legal advice.