Whenever the governing body of any borrower shall determine to acquire, improve, enlarge, extend or repair a system or systems under the provisions of this article, it shall first cause an estimate to be made of the cost thereof, and the fact that such estimate has been made and the amount thereof shall appear in the authorizing proceedings providing for the issuance of the bonds proposed to be issued to finance such acquisition, improvement, enlargement, extension or repair.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 81 - Municipal and County Bonds.
Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.
Section 11-81-160 - Definitions.
Section 11-81-162 - Estimate of Cost of Acquisition, Extension, Repair, Consolidation, Etc.
Section 11-81-167 - Revenue Bonds - Execution and Delivery.
Section 11-81-168 - Revenue Bonds - Negotiability.
Section 11-81-169 - Revenue Bonds - Disposition of Proceeds From Sale - Generally.
Section 11-81-171 - Revenue Bonds - Redemption.
Section 11-81-172 - Revenue Bonds - Exemption From Taxation.
Section 11-81-173 - Issuance of Additional Bonds; Payment of Same.
Section 11-81-174 - Refunding Bonds.
Section 11-81-177 - Investment in Bonds by Executors, Trustees, Savings Banks, Etc.
Section 11-81-179 - Statutory Mortgage Lien of Bondholders - Duration; Enforcement.
Section 11-81-182 - Payment of Expenses of Operation or Maintenance of System Out of General Funds.
Section 11-81-184 - Establishment, etc., of Rates for Services Furnished by System.
Section 11-81-186 - Payment by Counties, Municipalities, etc., for Services Furnished by System.
Section 11-81-189 - Impairment, etc., of Valid Liens or Contracts Not Authorized by Article.