Code of Alabama
Chapter 86A - Public Park and Recreation Authorities.
Section 11-86A-13 - Issuance and Sale of Bonds.

An authority may sell at public or private sale and issue bonds for the purposes authorized in Section 11-86A-12.

Structure Code of Alabama

Code of Alabama

Title 11 - Counties and Municipal Corporations.

Title 3 - Provisions Applicable to Counties and Municipal Corporations.

Chapter 86A - Public Park and Recreation Authorities.

Section 11-86A-1 - Definitions.

Section 11-86A-2 - Legislative Findings of Fact and Declaration of Intent; Construction of Chapter.

Section 11-86A-3 - Authorization and Procedure for Incorporation Generally.

Section 11-86A-4 - Filing of Application for Incorporation With Probate Judge; Contents Thereof; Recordation of Application by Probate Judge; Approval or Disapproval by Governing Body of County of Incorporation and Each Participating Municipality.

Section 11-86A-5 - Contents, Signing, and Filing of Articles.

Section 11-86A-6 - Authorization and Procedure for Reincorporation of Existing Park and Recreation Authorities and Boards; Continuation in Office of Directors; Effect of Reincorporation.

Section 11-86A-7 - Further Authorization and Procedure for Reincorporation of Existing Park and Recreation Authorities and Boards.

Section 11-86A-8 - Recordation of Articles by Probate Judge; Probate Judge to Receive No Fees in Connection With Incorporation, Reincorporation, Dissolution, etc., of Authority.

Section 11-86A-9 - Powers of Authority Vested in Board of Directors; Officers and Directors of Authority; Proceedings of Board of Directors to Be Reduced to Writing and Signed by Two Directors; Admissibility of Evidence of Proceedings of Board of Dir...

Section 11-86A-10 - Members of the Board of Directors; Terms; Meetings; Removal From Office.

Section 11-86A-11 - Amendment of Articles.

Section 11-86A-12 - Powers of Authority Generally.

Section 11-86A-13 - Issuance and Sale of Bonds.

Section 11-86A-14 - Execution of Bonds and Interest Coupons; Form, Terms, Denominations, etc., of Bonds; Validation of Bonds; Sale; Refunding Bonds.

Section 11-86A-15 - Security for Bonds.

Section 11-86A-16 - Application of Proceeds From the Sale of Bonds; Source of Payment; Pledge of County's or Municipality's Credit; Negotiability; Exemption From Taxation; Pledge as Security for Funds Belonging to a Public Person; Investment in Bonds...

Section 11-86A-17 - Exemption From Usury and Interest Laws.

Section 11-86A-18 - Exemptions From Taxation.

Section 11-86A-19 - Limited Liability.

Section 11-86A-20 - Transfer of Funds and Assets to Authority.

Section 11-86A-21 - Dissolution of Authority; Title to Property of Authority to Vest in County of Incorporation Upon Dissolution of Authority Unless Otherwise Provided.