Code of Alabama
Article 1 - General Provisions.
Section 11-50-7 - Provision in Purchase Agreement as to Franchise Right of Purchaser at Foreclosure Sale.

By the terms of purchase, it may be further provided that the purchaser at a foreclosure sale under such mortgage or deed of trust shall have a franchise for not exceeding 30 years to operate such plant.

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Structure Code of Alabama

Code of Alabama

Title 11 - Counties and Municipal Corporations.

Title 2 - Provisions Applicable to Municipal Corporations Only.

Chapter 50 - Public Utilities.

Article 1 - General Provisions.

Section 11-50-1 - Establishment, Purchase, etc., of Waterworks, Gas or Electric Plants by Municipalities Generally; Contracts for Furnishing of Water, Gas, or Electricity; Regulation of Gas, Electricity, and Water Rates and Quality.

Section 11-50-1.1 - Acquisition of Certain Waterworks Systems Only With Consent of Governing Board of Corporation or Association Operating Same.

Section 11-50-2 - Acquisition of Power Lines and Rights-of-Way, etc., Incident Thereto.

Section 11-50-3 - Sale of Water and Power to Other Municipalities.

Section 11-50-4 - Condemnation of Sources of Water, Watersheds, Rights-of-Way, etc., to Secure Water Supply.

Section 11-50-5 - Construction, Purchase, Operation, etc., of Waterworks and Water Supply Plants and Systems and Expenditure of Municipal Funds Therefor.

Section 11-50-6 - Issuance of Bonds for Payment for Waterworks Plants, etc., Purchased; Security for Bonds; Provision in Purchase Agreement as to Disposition of Revenues From Plants, Etc.

Section 11-50-6.1 - Referendum on Issuing Obligations to Construct Hydroelectric Generating Facility in Class 5 Municipality.

Section 11-50-7 - Provision in Purchase Agreement as to Franchise Right of Purchaser at Foreclosure Sale.

Section 11-50-8 - Execution of Mortgages or Deeds of Trust as Security for Debts, etc., Incurred in Construction, Acquisition, etc., of Waterworks, Electric Lighting, or Power Plants, Etc.

Section 11-50-9 - Terms, Covenants, etc., in Mortgages or Deeds of Trust Generally.

Section 11-50-10 - Provision in Mortgages or Deeds of Trust as to Franchise Right, etc., of Purchaser at Foreclosure Sale.

Section 11-50-11 - Provision in Mortgages or Deeds of Trust as to Disposition of Revenues, etc., From Plants, Rates, and Charges, Etc.

Section 11-50-12 - Combination of Electric Light and Power Plants, etc., and Waterworks Plants, etc.; Use of Electric Light and Power Plants, etc., and Disposition of Revenues Therefrom.

Section 11-50-13 - Transfer of Waterworks, Sewer, Electric, and Gas Plants, etc., to Boards Organized and Incorporated to Own and Operate Same.

Section 11-50-14 - Agreements With Boards; Conditions, etc., in Instruments of Transfer as to Control, Operation, etc., of Plants, etc., by Boards; Powers of Boards as to Conveyance, etc., of Title to Plants.

Section 11-50-15 - Fees of Directors.

Section 11-50-16 - Employment of Mayor or President of Board of Commissioners of Certain Municipalities as Superintendent of Light, Water, Sewer or Gas Systems, etc.; Duties and Compensation; Validation of Prior Employment, Etc.

Section 11-50-17 - Payment of Interest by Waterworks Boards in Class 1 Municipalities on Customer Security Deposits.