Code of Alabama
Chapter 50A - Municipal Electric Authority.
Section 11-50A-11 - Validation of Contracts.

When payments required by the provisions of Section 11-50A-17 to be made by any municipality authorized to contract with the authority pursuant to Section 11-50A-17 are pledged as security for the payment of bonds sought to be validated, the petition for validation shall make parties defendant to that action every municipality which has contracted with the authority for the output, capacity, use or service of the project for which bonds are sought to be validated. Notice to the taxpayers and citizens of such municipality shall be made as provided in Section 11-81-222(d). Every other party, public or private, contracting with the authority in any manner with relation to the construction, ownership or operation of the project for which bonds are sought to be validated may also be made parties defendant to that action.

Structure Code of Alabama

Code of Alabama

Title 11 - Counties and Municipal Corporations.

Title 2 - Provisions Applicable to Municipal Corporations Only.

Chapter 50A - Municipal Electric Authority.

Section 11-50A-1 - Definitions.

Section 11-50A-2 - Legislative Intent.

Section 11-50A-3 - Purpose of Authority.

Section 11-50A-4 - Application for Incorporation.

Section 11-50A-5 - Issuance and Recording of Certificate of Incorporation; No Fees to Be Paid.

Section 11-50A-6 - Board of Directors; Election Committee; Meetings; Officers; Compensation; Recordkeeping.

Section 11-50A-7 - Tax Exemptions; Payments in Lieu of Taxes.

Section 11-50A-8 - Powers of the Authority.

Section 11-50A-9 - Issuance of Bonds; Prerequisites; Procedure; Provisions; Execution; Bond Resolution Covenants.

Section 11-50A-10 - Validation of Bonds.

Section 11-50A-11 - Validation of Contracts.

Section 11-50A-12 - Bond Provisions; Destroyed Bonds; Interest; Cancellation; Paying Agents.

Section 11-50A-13 - Immunity From Liability; Credit Not Pledged.

Section 11-50A-14 - Right to Receivership Upon Default.

Section 11-50A-15 - Negotiability of Bonds.

Section 11-50A-16 - Bonds as Legal Investments.

Section 11-50A-17 - Contracts for Use of Projects; Purchase of Electric Power; Payment of Charges; Indemnity; Enforcement of Performance.

Section 11-50A-18 - Revenues of Authority; Rates; Assignment to Trustee; Use of Revenues.

Section 11-50A-19 - Pledge of Revenues.

Section 11-50A-20 - Trust Agreement.

Section 11-50A-21 - Proceeds of Bonds.

Section 11-50A-22 - Issuance of Bond Anticipation Notes and Notes.

Section 11-50A-23 - Trust Funds.

Section 11-50A-24 - Jurisdiction of Actions.

Section 11-50A-25 - Public Service Commission Review and Regulation.

Section 11-50A-26 - Provisions of Resolution, Agreement, Chapter, etc., as Irrevocable Contract With Holders of Bonds, Notes, Etc.

Section 11-50A-27 - Dissolution of Authority.

Section 11-50A-28 - Exemption From Alabama Sunset Law.

Section 11-50A-29 - Exemption From Competitive Bid Laws.

Section 11-50A-30 - Construction.

Section 11-50A-31 - Effectiveness of Pledges and Security Interests.

Section 11-50A-32 - Powers Declared Supplementary.

Section 11-50A-33 - Severability.