Any resolution of the board of directors, or trust indenture, under which bonds may be issued pursuant to this article may contain provisions creating a statutory mortgage lien, in favor of the holders of such bonds and of the interest coupons applicable thereto, on the facilities and other property, including any after-acquired property, out of the revenues from which such bonds are made payable. The resolution of the board of directors, or the trust indenture, may provide for the filing for record in the office of the Judge of Probate of Fayette County of a notice containing a brief description of such facilities or other property, a brief description of such bonds, and a declaration that the statutory mortgage lien has been created for the benefit of the holders of such bonds and the interest coupons applicable thereto, upon such facilities and other property, including any additions thereto and extensions thereof. The judge of probate shall receive, record, and index any such notice filed for record in his or her office. The recording of such notice, as herein provided, shall operate as constructive notice of the contents thereof.
Structure Code of Alabama
Article 9 - Economic and Industrial Development and Tourism.
Section 45-29-90 - Definitions.
Section 45-29-90.01 - Tom Bevill Reservoir Management Area.
Section 45-29-90.02 - Board of Directors.
Section 45-29-90.03 - Certificate of Incorporation.
Section 45-29-90.04 - Meetings; Officers.
Section 45-29-90.05 - Powers, Duties, and Functions of Authority.
Section 45-29-90.06 - Developmental Plans.
Section 45-29-90.07 - Acquisition of Property.
Section 45-29-90.08 - Contractual Powers; Additional Powers.
Section 45-29-90.09 - Bonds Authorized.
Section 45-29-90.10 - Levy of Taxes; General Fund.
Section 45-29-90.11 - Regulation of Zoning, Planning, and Construction.
Section 45-29-90.12 - Rates, Fees, and Charges for Services.
Section 45-29-90.13 - Execution of Bonds; Pledge of Revenues, Receipts, and Other Security.
Section 45-29-90.14 - Contracts to Secure Bonds and Assumed Obligations.
Section 45-29-90.15 - Statutory Mortgage Lien.
Section 45-29-90.16 - Disposition of Funds.
Section 45-29-90.17 - Exemption From Taxation.
Section 45-29-90.18 - Monetary Contributions by County and Municipalities.
Section 45-29-90.19 - Freedom of Authority From State Supervision and Control.
Section 45-29-90.20 - Use of Public Roads.
Section 45-29-90.21 - Annual Report.
Section 45-29-90.22 - Cooperation of State Agencies.