Code of Alabama
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 89B - Sale and Issuance of Bonds by Public Corporations Operating Water Systems.

Section 11-89B-1 - Public Corporation Given Power to Sell and Issue Bonds, to Pledge for Payment Proceeds, Revenues, etc., and to Issue Bonds or Notes for Temporary Borrowing. - In addition to all other powers now or hereafter granted...

Section 11-89B-2 - Form, Terms, Denominations, Etc. of Bonds; Execution and Delivery; Interest; Sale; Issuance of Refunding Bonds; Liability on Bonds; Source of Payment; Use of Proceeds; Mortgage, Deed of Trust, etc., Containing Certain Agreements. - All bonds issued pursuant to the provisions of this chapter...

Section 11-89B-3 - Contracts as Security for Payment of Principal and Interest on Bonds. - As security for payment of the principal of and interest...

Section 11-89B-4 - Resolution of Board of Directors, etc., or Trust Indenture Containing Provisions Creating Statutory Mortgage Lien. - Any resolution of the board of directors or other governing...

Section 11-89B-5 - Use of Moneys Derived From Sale of Bonds. - All moneys derived from the sale of any such bonds...

Section 11-89B-6 - Investment of Bond Proceeds. - The proceeds of any such bonds issued by such public...

Section 11-89B-7 - Law Not to Repeal Existing Law; Construction. - This law shall not repeal or supersede any existing law...