If there is any default in the payment of any rental required to be paid or in the performance of any covenant required to be performed by any educational institution under the provisions of any lease agreement between such educational institution and an authority, the authority and any pledgee of such lease agreement, or either, may by appropriate proceedings enforce and compel payment of such rental and performance of such covenant.
Structure Code of Alabama
Chapter 17 - Educational Building Authorities.
Section 16-17-1 - Definitions.
Section 16-17-2 - Legislative Intent.
Section 16-17-3 - Procedure to Incorporate.
Section 16-17-4 - Amendments to Certificate of Incorporation.
Section 16-17-5 - Board of Directors.
Section 16-17-6 - Officers of Authority.
Section 16-17-7 - Powers of Authority.
Section 16-17-8 - Location of Ancillary Improvements.
Section 16-17-9 - Remedies Under Lease Agreements.
Section 16-17-10 - Bonds of Authority.
Section 16-17-11 - Contracts to Secure Bonds and Assumed Obligations.
Section 16-17-12 - Statutory Mortgage Lien.
Section 16-17-13 - Proceeds From Sale of Bonds.
Section 16-17-14 - Exemption From Taxation.
Section 16-17-15 - Freedom of Authority From State Supervision and Control.
Section 16-17-16 - Earnings of Authority.
Section 16-17-17 - Investments in Bonds of Authority.
Section 16-17-18 - Notice of Bond Resolution.
Section 16-17-19 - Dissolution of Authority and Vesting of Title to Its Properties.