If bonds have not been issued during the progress of the work as authorized by Section 11-88-91, the authority may, after the completion of the work, sell and issue bonds not exceeding an amount sufficient to pay the then outstanding principal of and interest on any temporary loans made pursuant to the provisions of the said Section 11-88-91 to finance all or part of the improvement, plus such portion of the cost of the improvement, computed in accordance with Section 11-88-50, as has not been financed by any such temporary loan then outstanding and unpaid. In determining the amount of bonds so to be issued, the board shall take into consideration, to the extent practicable, the amount which at the time of the authorization of the sale of such bonds has been paid by the property owners toward the cost of the improvement.
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.