§16-13A-20. Refunding revenue bonds.
The board of any district having issued bonds under the
provisions of this article is hereby empowered thereafter by
resolution to issue refunding bonds of such district for the
purpose of retiring or refinancing such outstanding bonds,
together with any unpaid interest thereon and redemption premium
thereunto appertaining and all of the provisions of this article
relating to the issuance, security and payment of bonds shall be
applicable to such refunding bonds, subject, however, to the
provisions of the proceedings which authorized the issuance of
the bonds to be so refunded.