When any city or town in this state is or may be the owner of any electric light plant, gas plant, or waterworks plant and the board of aldermen or other governing body of such city or town deems it to be to the best interest of such city or town and the inhabitants thereof to sell, lease or dispose of such electric light plant, gas plant, or waterworks plant, such sale or disposition may be made as provided in this article.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 50 - Public Utilities.
Article 4 - Sale, Lease, etc., of Electric, Gas or Waterworks Plants by Municipalities.
Section 11-50-140 - Definitions.
Section 11-50-141 - Authorized.
Section 11-50-142 - Passage of Resolution by Governing Body Providing for Sale, Lease, Etc.
Section 11-50-143 - Ordering of Special Election for Authorization of Sale, Lease, Etc.
Section 11-50-144 - Calling of Election.
Section 11-50-145 - Notice of Election.
Section 11-50-147 - Qualifications for Voting; Provision of Ballots; Conduct of Election Generally.
Section 11-50-148 - Form and Marking of Ballots.
Section 11-50-150 - Execution of Sale, Lease, etc., by Governing Body and Terms Thereof.
Section 11-50-151 - Purchaser to Assume Payment of Existing Bonded Indebtedness Upon Plant.