Each municipality in Alabama which now or hereafter owns a gas plant and system is hereby authorized to transfer and convey all or any part of such plant and system or any rights incident thereto, without the necessity of authorization at an election of the qualified voters of such municipality, to a gas district incorporated as a public corporation under the provisions of this article, whether such municipality is a member of the district or not. Any such transfer or conveyance may be made with or without pecuniary consideration and on any such terms and conditions as the governing body of the municipality owning such plant and system may determine. Any such transfer and conveyance shall be made only upon the adoption by the governing body of the municipality owning such plant and system of an ordinance or resolution authorizing such transfer and conveyance.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 50 - Public Utilities.
Section 11-50-390 - Definitions.
Section 11-50-393 - Board of Directors - Composition; Compensation; Removal Actions.
Section 11-50-394 - Board of Directors - Organization; Officers.
Section 11-50-395 - Board of Directors - Powers Generally; Resolutions.
Section 11-50-396 - Powers Generally.
Section 11-50-397 - Exercise of Powers of Eminent Domain Generally.
Section 11-50-399 - Acquisition of Competing Gas Systems, Etc.
Section 11-50-400 - Use of Public Highway Rights-of-Way.
Section 11-50-404 - Transfer of Systems to District by Municipalities.
Section 11-50-406 - Bonds - Disposition of Proceeds From Sale.
Section 11-50-409 - Liability Upon Bonds, etc.; Payment of Bonds.
Section 11-50-410 - Rights and Remedies of Bondholders and Trustees.
Section 11-50-412 - Taxation - Exemption of Property, Income, Bonds, etc., of District Generally.
Section 11-50-414 - Validation of Proceedings to Incorporate Gas Districts.
Section 11-50-415 - Exemption From Usury and Interest Statutes.