Code of Alabama
Chapter 81 - Municipal and County Bonds.
Article 4 - Public Improvement Bonds.

Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.

Section 11-81-110 - Issuance Generally; Pledge of Proceeds of Assessments, etc., as Security for Payment. - (a) For the purpose of providing funds to pay the...

Section 11-81-111 - Maturity and Payment; Sale or Delivery in Payment for Work. - Such bonds shall be subject to the provisions of Sections...

Section 11-81-112 - Disposition of Proceeds From Sale. - The proceeds from the sale of bonds authorized to be...

Section 11-81-113 - Grouping of Improvements for Issuance of Bonds. - Any municipality desiring to issue bonds under this division shall...

Section 11-81-114 - Maintenance and Disposition of Sinking Fund Account for Bond Issues; Enforcement of Maintenance of Accounts, Payment of Bonds, etc.; Disposition of Assessments Securing Bonds in Certain Cities. - (a) The official charged with the duty of collecting assessments...

Section 11-81-115 - Bond of Officer Charged With Collection of Assessments; Liability of Officer and Members of Governing Body for Diversion, Misappropriation, etc., of Funds. - (a) The official charged with the duty of collecting assessments...

Section 11-81-116 - Redemption of Bonds. - At any time when the amount of any particular fund...

Section 11-81-117 - Refunding of Excess Assessments - Authority and Procedure Generally. - In the event the amount collected from the assessment under...

Section 11-81-118 - Refunding of Excess Assessments - Limitation Period for Presentation of Claims; Disposition of Amounts Not Refunded. - If such claims are not presented within 12 months from...

Section 11-81-119 - Settlement, Adjustment or Refunding of Bonds. - The governing body of any municipality shall have the power...

Section 11-81-120 - Sale or Issuance to Custodian of Special Fund, etc., of Refunding Bonds. - Where the municipality has used any part of its waterworks...

Section 11-81-121 - Consolidation of Separate Outstanding Issues for Issuance of Refunding Bonds. - In exercising the powers conferred by Sections 11-81-119 and 11-81-120,...

Section 11-81-122 - Maintenance and Disposition of Sinking Fund Accounts for Refunding Bond Issues. - A separate sinking fund account shall be provided and kept...

Section 11-81-123 - Liability, etc., Upon Bonds, etc., When Municipalities Consolidated. - When any two or more municipalities are consolidated by special...

Division 2 - Bonds for Certain Revenue-Producing Undertakings.

Section 11-81-140 - Definitions. - When used in this division, the following words and phrases...

Section 11-81-141 - Powers of Municipalities or Counties Generally; Provisions in Instruments or Deeds of Trust Creating Pledges, Mortgages, Liens, etc., for Payment of Bonds; Determination of Costs of Acquisition, Construction, etc., of Undertakings... - (a) In addition to the powers which it may now...

Section 11-81-142 - Authorization of Acquisition, Construction, etc., of Undertaking Taking and Issuance of Bonds in Anticipation of Revenues. - The acquisition, construction, reconstruction, improvement, betterment or extension of any...

Section 11-81-143 - Covenants in Bond Authorization Resolutions; Enforcement of Provisions of Division and Bond Resolutions. - (a) Any resolution or resolutions authorizing the issuance of revenue...

Section 11-81-144 - Form, Terms, Denominations, etc., of Bonds; Maturity and Sale; Execution and Delivery; Issuance of Revenue Refunding Bonds. - (a) Revenue anticipation bonds may be issued under this division...

Section 11-81-145 - Evidence of Validity of Bonds. - Any resolution or resolutions authorizing said bonds may provide that...

Section 11-81-146 - Lien of Bonds. - All revenue anticipation bonds of the same series issued under...

Section 11-81-147 - Liability of Municipalities or Counties on Bonds. - Revenue anticipation bonds issued under this division shall not be...

Section 11-81-148 - Exercise of Municipal or County Taxing Power, etc., for Payment of Bonds. - No holder or holders of any bonds issued under this...

Section 11-81-149 - Exemption From Taxation of Undertakings, Bonds, Etc. - So long as the municipality or county shall own or...

Section 11-81-150 - Establishment, Collection, etc., of Rates, Fees, Tolls, etc., for Services, Facilities, etc., of Undertakings. - The governing body shall prescribe and collect reasonable rates, fees,...