Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Section 11-81-160 - Definitions. - When used in this article, the following words and phrases...
Section 11-81-161 - Acquisition, Extension, Repair, Consolidation, etc., of Waterworks, Sewer, Gas or Electric Systems by Counties or Municipalities Authorized. - (a) Any county or incorporated municipality in the State of...
Section 11-81-162 - Estimate of Cost of Acquisition, Extension, Repair, Consolidation, Etc. - Whenever the governing body of any borrower shall determine to...
Section 11-81-163 - Adoption, Amendment, Recordation, etc., of Ordinances or Resolutions for Issuance of Bonds, Segregation of Revenues, Etc. - For the purpose of this article, any borrower is authorized...
Section 11-81-164 - Notice of Adoption of Authorization Proceedings for Issuance of Bonds; Limitation Period for Actions to Set Aside Authorization Proceedings, Restrain Issuance of Bonds, Etc. - (a) After the adoption of authorizing proceedings providing for the...
Section 11-81-165 - Borrowing in Anticipation of Sale and Issuance of Bonds Authorized; Procedure Therefor. - (a) Any municipality or county in the state may at...
Section 11-81-166 - Revenue Bonds - Authority for Issuance; Authorization Proceedings Generally; Form, Terms, Denominations, etc.; Execution and Delivery Generally; Maturity and Sale; Payment Generally; Trust Indentures. - (a) Any borrower may issue its revenue bonds for the...
Section 11-81-167 - Revenue Bonds - Execution and Delivery. - In case any of the officers whose signature or countersignature...
Section 11-81-168 - Revenue Bonds - Negotiability. - Such bonds shall have all of the qualities and incidents...
Section 11-81-169 - Revenue Bonds - Disposition of Proceeds From Sale - Generally. - The governing body, where practicable, shall require that the proceeds...
Section 11-81-170 - Revenue Bonds - Disposition of Proceeds From Sale - Proceeds to Be Used Only for Purposes for Which Bonds Authorized; Excess Proceeds. - All moneys derived from the sale of any revenue bonds...
Section 11-81-171 - Revenue Bonds - Redemption. - The governing body of the borrower authorizing bonds under the...
Section 11-81-172 - Revenue Bonds - Exemption From Taxation. - The bonds and interest coupons issued under this article are...
Section 11-81-172.1 - Revenue Bonds - Issuance of Bonds for Refunding of Principal of General or Limited Obligation Warrants, Etc. - Any county or incorporated municipality in the State of Alabama...
Section 11-81-173 - Issuance of Additional Bonds; Payment of Same. - (a) Any borrower acquiring, improving, enlarging, extending or repairing any...
Section 11-81-174 - Refunding Bonds. - Any bonds issued under this article solely for refunding purposes...
Section 11-81-175 - Applicability of Limitations, etc., in Certain Other Provisions of Chapter as to Bonds Generally. - The bonds authorized under this article shall not be subject...
Section 11-81-176 - Elections and Publication of Ordinances, Resolutions, etc., Not Required for Issuance and Sale of Bonds. - This article shall be construed as authorizing the issuance and...
Section 11-81-177 - Investment in Bonds by Executors, Trustees, Savings Banks, Etc. - Bonds issued under the provisions of this article are legal...
Section 11-81-178 - Statutory Mortgage Lien of Bondholders - Creation Generally; Filing, Recordation, etc., of Notice Thereof. - (a) In the authorizing proceedings or in the trust indenture,...
Section 11-81-179 - Statutory Mortgage Lien of Bondholders - Duration; Enforcement. - (a) Any system or systems that shall be made subject...
Section 11-81-180 - Appointment of Receiver Upon Default in Payment of Principal and Interest on Bonds; Powers of Receiver. - If there shall be any default in the payment of...
Section 11-81-181 - Pledge of Revenues From Systems for Payment of Principal and Interest on Bonds; Disposition of Gross Revenues From Operation of System Generally. - (a) In the authorizing proceedings the borrower shall pledge for...
Section 11-81-182 - Payment of Expenses of Operation or Maintenance of System Out of General Funds. - Nothing in this article shall be construed to prohibit the...
Section 11-81-183 - Designation of Depository; Disposition and Disbursement of Gross Revenue Account and Special Funds by Depository. - The governing body of the borrower shall designate as depository...
Section 11-81-184 - Establishment, etc., of Rates for Services Furnished by System. - Rates for services furnished by any such system or combined...
Section 11-81-185 - Rates Not Subject to State Supervision or Regulation; Supervision, etc., of Operation, etc., of Sewer Systems by State Board of Health. - Rates charged for services furnished by any system or combined...
Section 11-81-186 - Payment by Counties, Municipalities, etc., for Services Furnished by System. - The governing body may provide in the ordinance authorizing the...
Section 11-81-187 - Determination as to Operation of System Upon Calendar, Operating or Fiscal Year Basis, Etc. - The ordinance authorizing the issuance of such bonds shall definitely...
Section 11-81-188 - Maintenance of Books of Record and Accounts, Balance Sheets, etc., as to Properties, Financial Condition, etc., of System; Inspection and Examination of Same. - (a) Any borrower issuing revenue bonds under the provisions of...
Section 11-81-189 - Impairment, etc., of Valid Liens or Contracts Not Authorized by Article. - Nothing in this article shall be construed as authorizing any...
Section 11-81-190 - Construction of Article. - This article, being necessary for and to secure the public...