This chapter, being for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes hereof.
Structure 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-7 - Tax Exemptions; Payments in Lieu of Taxes.
Section 11-50A-8 - Powers of the Authority.
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-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-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.