The official charged with the duty of collecting assessments shall keep all sinking funds in some bank or banks paying interest on time deposits to be designated by the board, and shall provide and keep a separate sinking fund account for each bond issued.
If the said officer shall fail to provide and keep the said separate sinking fund account for each such bond issue in the said bank or banks or shall divert any of such funds to other uses or shall fail to pay any bond or bonds or the interest thereon properly payable from the said funds when available, any user of the improvements financed thereby or any holder of bonds of the series affected by such diversion or failure shall have the right to apply to any court of competent jurisdiction for a writ of mandamus requiring the said official to take such action and the said court shall on proof issue and enforce the said writ.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 88 - Water, Sewer and Fire Protection Authorities.
Section 11-88-40 - Definitions.
Section 11-88-42 - Powers of Authorities Generally.
Section 11-88-48 - Supervision of Work.
Section 11-88-49 - Acceptance or Rejection of Work.
Section 11-88-50 - Payment of Cost of Improvement by Board; Specification of Cost of Improvement.
Section 11-88-52 - Manner of Assessment Generally; Limitation as to Amount of Assessment.
Section 11-88-53 - Preparation of List of Property Owners Proposed to Be Assessed for Improvement.
Section 11-88-54 - Entry of List in Assessment Book of Improvements; Contents and Status Thereof.
Section 11-88-55 - Publication of Notice as to Assessment Book.
Section 11-88-57 - Hearing of Objections and Defenses to Proposed Assessments by Board Generally.
Section 11-88-58 - Subpoena, etc., of Witnesses by Board.
Section 11-88-59 - Board to Hear and Pass Upon Objections to Proposed Assessments.
Section 11-88-62 - Reduction or Abatement of Assessments by Board.
Section 11-88-63 - Transfer and Assignment of Liens by Authorities.
Section 11-88-67 - Appeal From Assessments to Circuit Court - Authorization and Procedure Generally.
Section 11-88-69 - Appeal From Assessments to Circuit Court - Entry of Appeal on Trial Docket.
Section 11-88-77 - Appeal From Judgment of Circuit Court to Supreme Court - by Authority.
Section 11-88-79 - Manner of Payment of Assessments Generally.
Section 11-88-81 - Defaulting Property Owner May Pay Assessment, etc., Prior to Sale.
Section 11-88-82 - Cost of Advertisement and Sale to Constitute Charge Against Property to Be Sold.
Section 11-88-85 - Redemption of Property After Sale - Authorization and Procedure Generally.
Section 11-88-86 - Redemption of Property After Sale - Extension of Redemption Period.
Section 11-88-90 - Redemption of Property After Sale - Redemption During Extended Redemption Period.
Section 11-88-92 - Issuance of Bonds by Authority After Completion of Work on Improvement.
Section 11-88-93 - Consolidation of Improvements for Issuance of Bonds.
Section 11-88-95 - Notice of and Sale or Exchange of Bonds.
Section 11-88-96 - Determination of Highest Bidder for Bonds.
Section 11-88-97 - Disposition of Proceeds From Sale of Bonds.
Section 11-88-100 - Exemption From Taxation of Bonds, Notes, Etc.
Section 11-88-101 - Replacement of Lost, Mutilated, or Destroyed Bonds.
Section 11-88-108 - Redemption of Bonds.