Code of Alabama
Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.
Section 11-81-163 - Adoption, Amendment, Recordation, etc., of Ordinances or Resolutions for Issuance of Bonds, Segregation of Revenues, Etc.

For the purpose of this article, any borrower is authorized to adopt ordinances providing for the issuance of revenue bonds as provided in this article and any and all other appropriate ordinances and resolutions deemed necessary to effectuate the full intent and purpose of this article, including the segregation of revenues derived from the operation of any project named in Section 11-81-161, the determination, fixation and revision from time to time of rates to be charged for services and any and all other necessary ordinances and resolutions to protect the properties, to provide for the adequate operation thereof and to insure the security of the bonds; provided, that in the case of counties, the style of any ordinance or resolution adopted under this article shall be the same as is provided by the laws of the state in the case of municipalities, and the manner of adoption thereof shall be as is provided in the general laws of the state for municipalities of over 6,000 inhabitants. The amendment of such ordinances and resolutions of counties shall be as is provided by the general laws of the state for amendment of ordinances of municipalities. Such ordinances and resolutions of counties shall be recorded in the minutes of the governing body thereof as soon as practicable after their passage and shall be authenticated by the signature of the clerk of such governing body. Any such ordinances or resolutions of counties may be published in a newspaper of general circulation in such county.

Structure Code of Alabama

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 11-81-161 - Acquisition, Extension, Repair, Consolidation, etc., of Waterworks, Sewer, Gas or Electric Systems by Counties or Municipalities Authorized.

Section 11-81-162 - Estimate of Cost of Acquisition, Extension, Repair, Consolidation, Etc.

Section 11-81-163 - Adoption, Amendment, Recordation, etc., of Ordinances or Resolutions for Issuance of Bonds, Segregation of Revenues, Etc.

Section 11-81-164 - Notice of Adoption of Authorization Proceedings for Issuance of Bonds; Limitation Period for Actions to Set Aside Authorization Proceedings, Restrain Issuance of Bonds, Etc.

Section 11-81-165 - Borrowing in Anticipation of Sale and Issuance of Bonds Authorized; Procedure Therefor.

Section 11-81-166 - Revenue Bonds - Authority for Issuance; Authorization Proceedings Generally; Form, Terms, Denominations, etc.; Execution and Delivery Generally; Maturity and Sale; Payment Generally; Trust Indentures.

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 11-81-170 - Revenue Bonds - Disposition of Proceeds From Sale - Proceeds to Be Used Only for Purposes for Which Bonds Authorized; Excess Proceeds.

Section 11-81-171 - Revenue Bonds - Redemption.

Section 11-81-172 - Revenue Bonds - Exemption From Taxation.

Section 11-81-172.1 - Revenue Bonds - Issuance of Bonds for Refunding of Principal of General or Limited Obligation Warrants, Etc.

Section 11-81-173 - Issuance of Additional Bonds; Payment of Same.

Section 11-81-174 - Refunding Bonds.

Section 11-81-175 - Applicability of Limitations, etc., in Certain Other Provisions of Chapter as to Bonds Generally.

Section 11-81-176 - Elections and Publication of Ordinances, Resolutions, etc., Not Required for Issuance and Sale of Bonds.

Section 11-81-177 - Investment in Bonds by Executors, Trustees, Savings Banks, Etc.

Section 11-81-178 - Statutory Mortgage Lien of Bondholders - Creation Generally; Filing, Recordation, etc., of Notice Thereof.

Section 11-81-179 - Statutory Mortgage Lien of Bondholders - Duration; Enforcement.

Section 11-81-180 - Appointment of Receiver Upon Default in Payment of Principal and Interest on Bonds; Powers of Receiver.

Section 11-81-181 - Pledge of Revenues From Systems for Payment of Principal and Interest on Bonds; Disposition of Gross Revenues From Operation of System Generally.

Section 11-81-182 - Payment of Expenses of Operation or Maintenance of System Out of General Funds.

Section 11-81-183 - Designation of Depository; Disposition and Disbursement of Gross Revenue Account and Special Funds by Depository.

Section 11-81-184 - Establishment, etc., of Rates for Services Furnished by System.

Section 11-81-185 - Rates Not Subject to State Supervision or Regulation; Supervision, etc., of Operation, etc., of Sewer Systems by State Board of Health.

Section 11-81-186 - Payment by Counties, Municipalities, etc., for Services Furnished by System.

Section 11-81-187 - Determination as to Operation of System Upon Calendar, Operating or Fiscal Year Basis, Etc.

Section 11-81-188 - Maintenance of Books of Record and Accounts, Balance Sheets, etc., as to Properties, Financial Condition, etc., of System; Inspection and Examination of Same.

Section 11-81-189 - Impairment, etc., of Valid Liens or Contracts Not Authorized by Article.

Section 11-81-190 - Construction of Article.