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https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-3/section-11-81-89/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 3 - County Bonds Generally.›Section 11-81-89 - Election Contest - Notice and H... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 3 - County Bonds Generally. › Section 11-81-89 - Election Contest - Notice and Hearing; Representation of County. | Section 11-81-89
Election contest - Notice and hearing; representation of county.
Notice of the contest shall be served on the district attorney of the county in which the contest is instituted and said district attorney shall respond in the name of the county and the county shall be contestee. In all courts said conte... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-3/section-11-81-90/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 3 - County Bonds Generally.›Section 11-81-90 - Election Contest - Limitation o... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 3 - County Bonds Generally. › Section 11-81-90 - Election Contest - Limitation of Action. | Section 11-81-90
Election contest - Limitation of action.
No civil action shall be commenced to test the validity of any election held by any county of this state for the purpose of issuing bonds unless the said civil action is commenced within 40 days from the date of the said election.
(Acts 1927, No. 478, p. 534; Co... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-3/section-11-81-91/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 3 - County Bonds Generally.›Section 11-81-91 - Issuance of Bonds. | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 3 - County Bonds Generally. › Section 11-81-91 - Issuance of Bonds. | Section 11-81-91
Issuance of bonds.
If at an election held under and according to the provisions of this article, a majority of the qualified electors of the county voting upon such proposition vote in favor of the issuance of said bonds and the result is ascertained and declared as set out in this article, the county ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-3/section-11-81-92/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 3 - County Bonds Generally.›Section 11-81-92 - Execution and Delivery of Bonds... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 3 - County Bonds Generally. › Section 11-81-92 - Execution and Delivery of Bonds. | Section 11-81-92
Execution and delivery of bonds.
Bonds of a county shall be signed by the manually subscribed or facsimile signature of any two or more officers of the county holding office at the time of such signing as shall be designated by the county commission of the county by whose authority the bonds are issued... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-3/section-11-81-93/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 3 - County Bonds Generally.›Section 11-81-93 - Bonds for Refunding of Bonds Ou... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 3 - County Bonds Generally. › Section 11-81-93 - Bonds for Refunding of Bonds Outstanding or Installments on Serial Bonds ... | Section 11-81-93
Bonds for refunding of bonds outstanding or installments on serial bonds outstanding - Authority for issuance.
(a) The county commission of any county having bonds outstanding, without an election, may issue bonds of the county for the purpose of refunding the bonds to an amount not exceeding the princ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-3/section-11-81-94/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 3 - County Bonds Generally.›Section 11-81-94 - Bonds for Refunding of Bonds Ou... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 3 - County Bonds Generally. › Section 11-81-94 - Bonds for Refunding of Bonds Outstanding or Installments on Serial Bonds ... | Section 11-81-94
Bonds for refunding of bonds outstanding or installments on serial bonds outstanding - Security.
All bonds issued under the authority of Section 11-81-93 shall have all the security and protection to which the original bonds were entitled.
(Acts 1927, No. 478, p. 534; Code 1940, T. 12, §105.) |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-3/section-11-81-95/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 3 - County Bonds Generally.›Section 11-81-95 - Bonds for Refunding of Bonds Ou... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 3 - County Bonds Generally. › Section 11-81-95 - Bonds for Refunding of Bonds Outstanding or Installments on Serial Bonds ... | Section 11-81-95
Bonds for refunding of bonds outstanding or installments on serial bonds outstanding - Special tax levy for payment of principal and interest.
Where the levy of a special tax was or is authorized to be made to provide for the payment of the principal and interest of such outstanding bonded indebtedness... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-3/section-11-81-96/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 3 - County Bonds Generally.›Section 11-81-96 - Applicability of Provisions of ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 3 - County Bonds Generally. › Section 11-81-96 - Applicability of Provisions of General Election Laws; Mandatory and Direc... | Section 11-81-96
Applicability of provisions of general election laws; mandatory and directory provisions of article.
Where no provisions are otherwise made in this article, the general election laws of the state then in existence with regard to all notices, qualifications of voters, official acts, and things to be don... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-3/section-11-81-97/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 3 - County Bonds Generally.›Section 11-81-97 - Applicability of Provisions Per... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 3 - County Bonds Generally. › Section 11-81-97 - Applicability of Provisions Pertaining to Municipal Bonds. | Section 11-81-97
Applicability of provisions pertaining to municipal bonds.
The provisions of Sections 11-81-5 through 11-81-20 and 11-81-22 through 11-81-33 shall be applicable to bonds issued under this article.
(Acts 1927, No. 478, p. 534; Code 1940, T. 12, §109.) |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-110/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-110
Issuance generally; pledge of proceeds of assessments, etc., as security for payment.
(a) For the purpose of providing funds to pay the cost of street and sidewalk improvements, sanitary or storm water sewers or sewer systems, including treatment and disposal plants and water service connections, or o... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-111/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-111
Maturity and payment; sale or delivery in payment for work.
Such bonds shall be subject to the provisions of Sections 11-81-5 through 11-81-20 and 11-81-22 through 11-81-33 except that they shall be payable in annual installments beginning one year and ending 10 years from the date of the bonds, the a... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-112/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-112
Disposition of proceeds from sale.
The proceeds from the sale of bonds authorized to be issued by this division shall be applied only to the payment of the cost of the improvement or improvements designated in the ordinance providing for their issue, but should there be any surplus from any bond issue... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-113/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-113
Grouping of improvements for issuance of bonds.
Any municipality desiring to issue bonds under this division shall have power to group improvements under two or more improvement ordinances and make one issue of bonds under this division based on the combined estimated costs or combined assessments in ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-114/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-114
Maintenance and disposition of sinking fund account for bond issues; enforcement of maintenance of accounts, payment of bonds, etc.; disposition of assessments securing bonds in certain cities.
(a) The official charged with the duty of collecting assessments shall keep all sinking funds in some bank o... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-115/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-115
Bond of officer charged with collection of assessments; liability of officer and members of governing body for diversion, misappropriation, etc., of funds.
(a) The official charged with the duty of collecting assessments shall be required to give bond, including the amount of any official bond which m... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-116/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-116
Redemption of bonds.
At any time when the amount of any particular fund shall, with its accumulations, equal the amount of any one of the outstanding bonds and accrued interest entitled to payment out of such fund, the governing body of such municipality shall have authority to redeem any and all such... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-117/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-117
Refunding of excess assessments - Authority and procedure generally.
In the event the amount collected from the assessment under any improvement ordinance shall exceed the total cost and expense of the improvement, there shall be refunded to each of the parties affected by said assessment a proportion... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-118/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-118
Refunding of excess assessments - Limitation period for presentation of claims; disposition of amounts not refunded.
If such claims are not presented within 12 months from the date of the maturity or payment of the bonds, they shall be forever barred, and such amount shall be converted to the general ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-119/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-119
Settlement, adjustment or refunding of bonds.
The governing body of any municipality shall have the power to settle, adjust and refund any bonds of such city heretofore or hereafter issued to provide the cost of street, sidewalk or sewer improvements whereof the cost in whole or in part was assessed a... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-120/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-120
Sale or issuance to custodian of special fund, etc., of refunding bonds.
Where the municipality has used any part of its waterworks fund or other special fund of like character for the purpose of taking up at maturity bonds or coupons representing a portion of the principal of bonds which had heretofo... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-121/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-121
Consolidation of separate outstanding issues for issuance of refunding bonds.
In exercising the powers conferred by Sections 11-81-119 and 11-81-120, it shall not be necessary to make a separate issue of refunding bonds with respect to each outstanding issue, but two or more of such outstanding issues... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-122/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-122
Maintenance and disposition of sinking fund accounts for refunding bond issues.
A separate sinking fund account shall be provided and kept for each refunding bond issue authorized under the provisions of Sections 11-81-119 through 11-81-121 to which shall be credited all collections made on assessment... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-1/section-11-81-123/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 1 - Bonds for Street and Sidewalk Impro... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvemen... | Section 11-81-123
Liability, etc., upon bonds, etc., when municipalities consolidated.
When any two or more municipalities are consolidated by special act or under the general law, all assessment bonds upon property for improvements or obligations issued by such municipalities shall be the primary obligation of the mun... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-2/section-11-81-140/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 2 - Bonds for Certain Revenue-Producing... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 2 - Bonds for Certain Revenue-Producing Undertakings. › Section 11-81-140 - Defin... | Section 11-81-140
Definitions.
When used in this division, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) UNDERTAKING. Such term shall include all of the following revenue-producing undertakings or any combination of two or more of su... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-2/section-11-81-141/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 2 - Bonds for Certain Revenue-Producing... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 2 - Bonds for Certain Revenue-Producing Undertakings. › Section 11-81-141 - Power... | Section 11-81-141
Powers of municipalities or counties generally; provisions in instruments or deeds of trust creating pledges, mortgages, liens, etc., for payment of bonds; determination of costs of acquisition, construction, etc., of undertakings.
(a) In addition to the powers which it may now have, any municipality ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-2/section-11-81-142/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 2 - Bonds for Certain Revenue-Producing... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 2 - Bonds for Certain Revenue-Producing Undertakings. › Section 11-81-142 - Autho... | Section 11-81-142
Authorization of acquisition, construction, etc., of undertaking taking and issuance of bonds in anticipation of revenues.
The acquisition, construction, reconstruction, improvement, betterment or extension of any undertaking may be authorized under this division; and, in anticipation of the revenues ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-2/section-11-81-143/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 2 - Bonds for Certain Revenue-Producing... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 2 - Bonds for Certain Revenue-Producing Undertakings. › Section 11-81-143 - Coven... | Section 11-81-143
Covenants in bond authorization resolutions; enforcement of provisions of division and bond resolutions.
(a) Any resolution or resolutions authorizing the issuance of revenue anticipation bonds under this division may contain covenants as to the purpose or purposes to which the proceeds of sale of sai... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-2/section-11-81-144/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 2 - Bonds for Certain Revenue-Producing... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 2 - Bonds for Certain Revenue-Producing Undertakings. › Section 11-81-144 - Form,... | Section 11-81-144
Form, terms, denominations, etc., of bonds; maturity and sale; execution and delivery; issuance of revenue refunding bonds.
(a) Revenue anticipation bonds may be issued under this division in one or more series, may bear such date or dates, may be payable in such medium of payment, at such place or pl... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-2/section-11-81-145/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 2 - Bonds for Certain Revenue-Producing... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 2 - Bonds for Certain Revenue-Producing Undertakings. › Section 11-81-145 - Evide... | Section 11-81-145
Evidence of validity of bonds.
Any resolution or resolutions authorizing said bonds may provide that the bonds shall contain a recital that they are issued pursuant to this division, which recital shall be conclusive evidence of their validity and of the regularity of their issuance.
(Acts 1935, No. 1... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-2/section-11-81-146/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 2 - Bonds for Certain Revenue-Producing... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 2 - Bonds for Certain Revenue-Producing Undertakings. › Section 11-81-146 - Lien ... | Section 11-81-146
Lien of bonds.
All revenue anticipation bonds of the same series issued under this division shall, subject to prior and superior rights, have a prior and paramount lien on the revenue of the undertaking in anticipation of which said bonds have been issued over and ahead of all bonds payable from said ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-2/section-11-81-147/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 2 - Bonds for Certain Revenue-Producing... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 2 - Bonds for Certain Revenue-Producing Undertakings. › Section 11-81-147 - Liabi... | Section 11-81-147
Liability of municipalities or counties on bonds.
Revenue anticipation bonds issued under this division shall not be a debt of the municipality or county within the meaning of the Constitution, and the municipality or county shall not be liable thereon nor shall they be payable out of any funds other ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-2/section-11-81-148/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 2 - Bonds for Certain Revenue-Producing... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 2 - Bonds for Certain Revenue-Producing Undertakings. › Section 11-81-148 - Exerc... | Section 11-81-148
Exercise of municipal or county taxing power, etc., for payment of bonds.
No holder or holders of any bonds issued under this division shall ever have the right to compel any exercise of the taxing power of the municipality or county or the payment of any funds other than the revenue from such underta... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-2/section-11-81-149/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 2 - Bonds for Certain Revenue-Producing... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 2 - Bonds for Certain Revenue-Producing Undertakings. › Section 11-81-149 - Exemp... | Section 11-81-149
Exemption from taxation of undertakings, bonds, etc.
So long as the municipality or county shall own or possess any undertaking the property and revenue of such undertaking shall be exempt from all taxation. Bonds issued under this division and the income therefrom shall be exempt from all taxation.
(... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-4/division-2/section-11-81-150/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 4 - Public Improvement Bonds.›Division 2 - Bonds for Certain Revenue-Producing... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 4 - Public Improvement Bonds. › Division 2 - Bonds for Certain Revenue-Producing Undertakings. › Section 11-81-150 - Estab... | Section 11-81-150
Establishment, collection, etc., of rates, fees, tolls, etc., for services, facilities, etc., of undertakings.
The governing body shall prescribe and collect reasonable rates, fees, tolls, rents or charges for the services, facilities and commodities of any undertaking for the acquisition, constructio... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-160/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-160 - Definitions. | Section 11-81-160
Definitions.
When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) BORROWER. A county or incorporated municipality, as the case may be, exercising the powers conferred by this article.
(2) GOVERNI... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-161/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-161 - Acquisition, Extension, Repair, Co... | Section 11-81-161
Acquisition, extension, repair, consolidation, etc., of waterworks, sewer, gas or electric systems by counties or municipalities authorized.
(a) Any county or incorporated municipality in the State of Alabama is authorized to acquire by any lawful means any one or more of the following systems: a wate... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-162/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-162 - Estimate of Cost of Acquisition, E... | Section 11-81-162
Estimate of cost of acquisition, extension, repair, consolidation, etc.
Whenever the governing body of any borrower shall determine to acquire, improve, enlarge, extend or repair a system or systems under the provisions of this article, it shall first cause an estimate to be made of the cost thereof, ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-163/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-163 - Adoption, Amendment, Recordation, ... | Section 11-81-163
Adoption, amendment, recordation, etc., of ordinances or resolutions for issuance of bonds, segregation of revenues, etc.
For the purpose of this article, any borrower is authorized to adopt ordinances providing for the issuance of revenue bonds as provided in this article and any and all other approp... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-164/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-164 - Notice of Adoption of Authorizatio... | Section 11-81-164
Notice of adoption of authorization proceedings for issuance of bonds; limitation period for actions to set aside authorization proceedings, restrain issuance of bonds, etc.
(a) After the adoption of authorizing proceedings providing for the issuance of bonds under this article, the borrower shall cau... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-165/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-165 - Borrowing in Anticipation of Sale ... | Section 11-81-165
Borrowing in anticipation of sale and issuance of bonds authorized; procedure therefor.
(a) Any municipality or county in the state may at any time and from time to time, in anticipation of the sale and issuance of revenue bonds under the provisions of this article, as amended, borrow money for tempor... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-166/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-166 - Revenue Bonds - Authority for Issu... | Section 11-81-166
Revenue bonds - Authority for issuance; authorization proceedings generally; form, terms, denominations, etc.; execution and delivery generally; maturity and sale; payment generally; trust indentures.
(a) Any borrower may issue its revenue bonds for the purpose of:
(1) Financing the acquisition, impro... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-167/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-167 - Revenue Bonds - Execution and Deli... | Section 11-81-167
Revenue bonds - Execution and delivery.
In case any of the officers whose signature or countersignature appears on the bonds or coupons shall cease to be such officers before delivery of such bonds, such signature or countersignature shall nevertheless be valid and sufficient for all purposes the same... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-168/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-168 - Revenue Bonds - Negotiability. | Section 11-81-168
Revenue bonds - Negotiability.
Such bonds shall have all of the qualities and incidents of negotiable instruments under the law merchant and the applicable provisions of Title 7 and Title 8; except, that they shall not be construed as containing an unconditional promise to pay.
(Acts 1933, Ex. Sess., ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-169/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-169 - Revenue Bonds - Disposition of Pro... | Section 11-81-169
Revenue bonds - Disposition of proceeds from sale - Generally.
The governing body, where practicable, shall require that the proceeds of the sale of bonds issued under the provisions of this article be deposited in a special account or accounts in a bank or banks which are members of the federal reser... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-170/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-170 - Revenue Bonds - Disposition of Pro... | Section 11-81-170
Revenue bonds - Disposition of proceeds from sale - Proceeds to be used only for purposes for which bonds authorized; excess proceeds.
All moneys derived from the sale of any revenue bonds issued under the provision of this article shall be used solely for the purpose or purposes for which the same ar... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-171/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-171 - Revenue Bonds - Redemption. | Section 11-81-171
Revenue bonds - Redemption.
The governing body of the borrower authorizing bonds under the provisions of this article may make provision for any of such bonds to be called for payment on any interest payment date before maturity, with or without a premium, upon such terms and conditions as the governi... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-172/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-172 - Revenue Bonds - Exemption From Tax... | Section 11-81-172
Revenue bonds - Exemption from taxation.
The bonds and interest coupons issued under this article are hereby exempted from any and all state, county, municipal and other taxation whatsoever under the laws of the State of Alabama, and it shall be plainly stated on the face of each such bond as follows:... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-172-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-172.1 - Revenue Bonds - Issuance of Bond... | Section 11-81-172.1
Revenue bonds - Issuance of bonds for refunding of principal of general or limited obligation warrants, etc.
Any county or incorporated municipality in the State of Alabama may issue revenue bonds under the provisions of this article not only for the purposes specified in Section 11-81-166, but also... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-173/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-173 - Issuance of Additional Bonds; Paym... | Section 11-81-173
Issuance of additional bonds; payment of same.
(a) Any borrower acquiring, improving, enlarging, extending or repairing any such system or combined system pursuant to the provisions of this article, may, in the event that the proceeds of any issue of revenue bonds by error of calculation or otherwise ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-174/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-174 - Refunding Bonds. | Section 11-81-174
Refunding bonds.
Any bonds issued under this article solely for refunding purposes shall, unless it shall be otherwise provided in the authorizing proceedings providing for the issuance thereof, be secured to the same extent and have the same sources of payment as the bonds refunded thereby. Unless ot... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-175/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-175 - Applicability of Limitations, etc.... | Section 11-81-175
Applicability of limitations, etc., in certain other provisions of chapter as to bonds generally.
The bonds authorized under this article shall not be subject to any limitations or provisions contained in Articles 3 and 6 and Division 2 of Article 4 of this chapter.
(Acts 1933, Ex. Sess., No. 102, p. ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-176/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-176 - Elections and Publication of Ordin... | Section 11-81-176
Elections and publication of ordinances, resolutions, etc., not required for issuance and sale of bonds.
This article shall be construed as authorizing the issuance and sale of such bonds provided for herein without submitting the proposition for the approval of same to the voters of the borrower. Whe... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-177/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-177 - Investment in Bonds by Executors, ... | Section 11-81-177
Investment in bonds by executors, trustees, savings banks, etc.
Bonds issued under the provisions of this article are legal investments for executors, administrators, trustees and other fiduciaries and for savings banks and insurance companies organized under the laws of this state.
(Acts 1933, Ex. Se... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-178/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-178 - Statutory Mortgage Lien of Bondhol... | Section 11-81-178
Statutory mortgage lien of bondholders - Creation generally; filing, recordation, etc., of notice thereof.
(a) In the authorizing proceedings or in the trust indenture, if any, under which bonds may be issued pursuant to the provisions of this article, there shall be created a statutory mortgage lien ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-179/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-179 - Statutory Mortgage Lien of Bondhol... | Section 11-81-179
Statutory mortgage lien of bondholders - Duration; enforcement.
(a) Any system or systems that shall be made subject to a statutory mortgage lien as provided for in Section 11-81-178 shall remain subject to such lien until payment in full of the principal of and the interest on the bonds to secure the... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-180/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-180 - Appointment of Receiver Upon Defau... | Section 11-81-180
Appointment of receiver upon default in payment of principal and interest on bonds; powers of receiver.
If there shall be any default in the payment of the principal of or interest upon any bonds issued under this article, any court having jurisdiction in any proper civil action may appoint a receiver... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-181/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-181 - Pledge of Revenues From Systems fo... | Section 11-81-181
Pledge of revenues from systems for payment of principal and interest on bonds; disposition of gross revenues from operation of system generally.
(a) In the authorizing proceedings the borrower shall pledge for payment of the principal and interest on bonds issued under this article the revenues deriv... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-182/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-182 - Payment of Expenses of Operation o... | Section 11-81-182
Payment of expenses of operation or maintenance of system out of general funds.
Nothing in this article shall be construed to prohibit the borrower from appropriating and using any part of its available income or revenues derived from any source other than from the operation of such system or combined... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-183/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-183 - Designation of Depository; Disposi... | Section 11-81-183
Designation of depository; disposition and disbursement of gross revenue account and special funds by depository.
The governing body of the borrower shall designate as depository for the "gross revenue account" and each of the special funds provided for in Section 11-81-181 a bank or trust company dul... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-184/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-184 - Establishment, etc., of Rates for ... | Section 11-81-184
Establishment, etc., of rates for services furnished by system.
Rates for services furnished by any such system or combined system shall be fixed precedent to the issuance of the bonds.
Such rates shall be sufficient to provide for the payment of the interest upon and the principal of all such bonds a... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-185/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-185 - Rates Not Subject to State Supervi... | Section 11-81-185
Rates not subject to state supervision or regulation; supervision, etc., of operation, etc., of sewer systems by State Board of Health.
Rates charged for services furnished by any system or combined system purchased, constructed, improved, enlarged, extended or repaired under the provisions of this ar... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-186/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-186 - Payment by Counties, Municipalitie... | Section 11-81-186
Payment by counties, municipalities, etc., for services furnished by system.
The governing body may provide in the ordinance authorizing the issuance of bonds under the authority of this article that no free service shall be furnished by any such system or combined system to the county, city or incorp... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-187/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-187 - Determination as to Operation of S... | Section 11-81-187
Determination as to operation of system upon calendar, operating or fiscal year basis, etc.
The ordinance authorizing the issuance of such bonds shall definitely determine whether such system or combined system shall be operated upon a calendar, operating or fiscal year basis and the dates of the begi... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-188/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-188 - Maintenance of Books of Record and... | Section 11-81-188
Maintenance of books of record and accounts, balance sheets, etc., as to properties, financial condition, etc., of system; inspection and examination of same.
(a) Any borrower issuing revenue bonds under the provisions of this article shall install and maintain proper books of record and account, sepa... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-189/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-189 - Impairment, etc., of Valid Liens o... | Section 11-81-189
Impairment, etc., of valid liens or contracts not authorized by article.
Nothing in this article shall be construed as authorizing any borrower to impair or commit a breach of the obligation of any valid lien or contract created or entered into by it, the intention of this article being to authorize t... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-5/section-11-81-190/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.›Section 11-8... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 5 - Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. › Section 11-81-190 - Construction of Article. | Section 11-81-190
Construction of article.
This article, being necessary for and to secure the public health, safety, convenience and welfare of the counties, cities and incorporated towns of the State of Alabama, shall be liberally construed to effect the purposes hereof.
(Acts 1933, Ex. Sess., No. 102, p. 88; Code 19... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-6/section-11-81-200/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 6 - Alternate Borrowing for Electric Systems.›Section 11-81-200 - Acquisition,... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 6 - Alternate Borrowing for Electric Systems. › Section 11-81-200 - Acquisition, Extension, Operation, etc., of Power Plan... | Section 11-81-200
Acquisition, extension, operation, etc., of power plants, power lines, electric systems, etc., by counties or municipalities authorized; acquisition of rights-of-way.
(a) Any county or municipal corporation within this state is hereby authorized and empowered to acquire by purchase, construction, cond... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-6/section-11-81-201/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 6 - Alternate Borrowing for Electric Systems.›Section 11-81-201 - Election as ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 6 - Alternate Borrowing for Electric Systems. › Section 11-81-201 - Election as to Proposed Undertaking. | Section 11-81-201
Election as to proposed undertaking.
Whenever any county or municipal corporation through its governing body shall vote to take advantage of the authority granted in this article, as a condition to the exercise of such authority it shall call an election, at which election the question of whether or n... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-6/section-11-81-202/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 6 - Alternate Borrowing for Electric Systems.›Section 11-81-202 - Borrowing of... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 6 - Alternate Borrowing for Electric Systems. › Section 11-81-202 - Borrowing of Money for Acquisition, Extension, etc., o... | Section 11-81-202
Borrowing of money for acquisition, extension, etc., of plants, etc., by counties or municipalities authorized; limitations.
For the purpose of defraying the cost of acquiring such plants, or any one or more of them, or any part or parts thereof and making improvements and extensions thereto, either b... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-6/section-11-81-203/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 6 - Alternate Borrowing for Electric Systems.›Section 11-81-203 - Pledges, etc... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 6 - Alternate Borrowing for Electric Systems. › Section 11-81-203 - Pledges, etc., of Plants, etc., as Security for Repaym... | Section 11-81-203
Pledges, etc., of plants, etc., as security for repayment of money borrowed with interest.
Any such county or municipal corporation which borrows money under the authority of this article may pledge, create a lien upon and mortgage any such plants, or any one or more of them or any part or parts there... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-6/section-11-81-204/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 6 - Alternate Borrowing for Electric Systems.›Section 11-81-204 - Contracts fo... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 6 - Alternate Borrowing for Electric Systems. › Section 11-81-204 - Contracts for Security of Lender; Limitation as to Cha... | Section 11-81-204
Contracts for security of lender; limitation as to charges for electric energy and service by counties or municipalities.
(a) In addition and for the further security of the lender, any such county or municipal corporation which has borrowed money under the authority of this article may enter into a c... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-6/section-11-81-205/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 6 - Alternate Borrowing for Electric Systems.›Section 11-81-205 - Form, Terms,... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 6 - Alternate Borrowing for Electric Systems. › Section 11-81-205 - Form, Terms, etc., of Instrument Evidencing Loan. | Section 11-81-205
Form, terms, etc., of instrument evidencing loan.
Any such county or municipal corporation which borrows money under the authority of this article may evidence the loan by an instrument or instruments in such form and of such tenor and maturity as may be agreed upon between lender and borrower, but no... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-6/section-11-81-206/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 6 - Alternate Borrowing for Electric Systems.›Section 11-81-206 - Construction... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 6 - Alternate Borrowing for Electric Systems. › Section 11-81-206 - Construction of Article. | Section 11-81-206
Construction of article.
Neither this article nor anything contained in this article shall be construed as a restriction or limitation upon any power or right which any such city may have in the absence thereof. Nor shall any enumeration of subjects in this article be construed to exclude any subject ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-7/section-11-81-220/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 7 - Validation of Bonds Prior to Issuance.›Section 11-81-220 - Definitions. | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 7 - Validation of Bonds Prior to Issuance. › Section 11-81-220 - Definitions. | Section 11-81-220
Definitions.
As used in this article, the following words and phrases shall have the following meanings respectively, unless the context clearly indicates otherwise:
(1) UNIT. Any public corporation organized in this state pursuant to authorization or determination by any municipality or municipalitie... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-7/section-11-81-221/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 7 - Validation of Bonds Prior to Issuance.›Section 11-81-221 - Filing of Compl... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 7 - Validation of Bonds Prior to Issuance. › Section 11-81-221 - Filing of Complaint for Determination as to Legality of P... | Section 11-81-221
Filing of complaint for determination as to legality of proposed issuance of obligations.
When any unit desiring to issue any obligations shall, by its governing body, adopt any resolution or take any other action required by law for the issuance of obligations of such unit, the governing body of such... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-7/section-11-81-222/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 7 - Validation of Bonds Prior to Issuance.›Section 11-81-222 - Contents of Com... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 7 - Validation of Bonds Prior to Issuance. › Section 11-81-222 - Contents of Complaint; Order and Notice of Hearing to Sho... | Section 11-81-222
Contents of complaint; order and notice of hearing to show cause why obligations not valid.
(a) The complaint by appropriate allegations, references or exhibits shall briefly state the following: the authority for issuing such obligations; the resolution or resolutions authorizing their issuance and t... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-7/section-11-81-223/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 7 - Validation of Bonds Prior to Issuance.›Section 11-81-223 - Hearing and Ent... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 7 - Validation of Bonds Prior to Issuance. › Section 11-81-223 - Hearing and Entry of Judgment; Appeals From Judgment of C... | Section 11-81-223
Hearing and entry of judgment; appeals from judgment of circuit court.
At the time and place designated in said order, the judge of said circuit court shall proceed to hear and determine all questions of law and of fact in said civil action, and he shall make such orders as to the proceedings in said ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-7/section-11-81-224/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 7 - Validation of Bonds Prior to Issuance.›Section 11-81-224 - When Judgment o... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 7 - Validation of Bonds Prior to Issuance. › Section 11-81-224 - When Judgment of Circuit Court Final and Conclusive as to... | Section 11-81-224
When judgment of circuit court final and conclusive as to validity of obligations, etc.
If the circuit court shall enter a judgment validating and confirming the issuance of the obligations and no appeal shall be taken within the time prescribed by the Alabama Rules of Appellate Procedure; or, if an a... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-7/section-11-81-225/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 7 - Validation of Bonds Prior to Issuance.›Section 11-81-225 - Legend to Appea... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 7 - Validation of Bonds Prior to Issuance. › Section 11-81-225 - Legend to Appear on Validated Obligations. | Section 11-81-225
Legend to appear on validated obligations.
Obligations validated under the provisions of this article shall have stamped or written thereon by the proper officers of such unit the words: "Validated and confirmed by judgment of the Circuit Court of ______ County, State of Alabama, entered on the _____ ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-7/section-11-81-226/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 7 - Validation of Bonds Prior to Issuance.›Section 11-81-226 - Costs of Procee... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 7 - Validation of Bonds Prior to Issuance. › Section 11-81-226 - Costs of Proceedings. | Section 11-81-226
Costs of proceedings.
The costs in any proceeding under this article shall be paid by the unit issuing such obligations.
(Acts 1953, No. 859, p. 1148, §7.) |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-7/section-11-81-227/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 7 - Validation of Bonds Prior to Issuance.›Section 11-81-227 - Article Not App... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 7 - Validation of Bonds Prior to Issuance. › Section 11-81-227 - Article Not Applicable Where Validity of Obligations in C... | Section 11-81-227
Article not applicable where validity of obligations in controversy in pending actions or proceedings.
No action shall be taken under this article for the validation of obligations of a unit in any case where the validity of such obligations is in controversy in any civil action or proceeding now pend... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-8/section-11-81-240/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 8 - Property Insurance and Energy Reduction Act of Alabama.›Section 11-81-240 ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 8 - Property Insurance and Energy Reduction Act of Alabama. › Section 11-81-240 - Short Title. | Section 11-81-240
Short title.
This article shall be known and may be cited as the Property Insurance and Energy Reduction Act of Alabama.
(Act 2015-494, §1.) |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-8/section-11-81-241/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 8 - Property Insurance and Energy Reduction Act of Alabama.›Section 11-81-241 ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 8 - Property Insurance and Energy Reduction Act of Alabama. › Section 11-81-241 - Definitions. | Section 11-81-241
Definitions.
For the purposes of this article, the following words shall have the following meanings:
(1) COSTS OF A QUALIFIED PROJECT. All costs including, but not limited to, the following:
a. All costs of acquisition, by purchase or otherwise, construction, assembly, installation, modification, ren... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-8/section-11-81-242/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 8 - Property Insurance and Energy Reduction Act of Alabama.›Section 11-81-242 ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 8 - Property Insurance and Energy Reduction Act of Alabama. › Section 11-81-242 - Designation of Regions for Qualified Pro... | Section 11-81-242
Designation of regions for qualified projects; issuance of bonds, notes, etc.
(a)(1) The governing body of a local government may designate an area of the local government as a region within which the local government may provide financing to the record owners of real property and impose assessments f... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-8/section-11-81-243/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 8 - Property Insurance and Energy Reduction Act of Alabama.›Section 11-81-243 ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 8 - Property Insurance and Energy Reduction Act of Alabama. › Section 11-81-243 - Establishment and Amendment of Programs. | Section 11-81-243
Establishment and amendment of programs.
(a) To establish a program under this article, the governing body of a local government must take the following actions in the following order:
(1) Adopt a resolution of intent that includes all of the following:
a. A finding that financing qualified projects t... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-8/section-11-81-244/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 8 - Property Insurance and Energy Reduction Act of Alabama.›Section 11-81-244 ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 8 - Property Insurance and Energy Reduction Act of Alabama. › Section 11-81-244 - Application for Funding; Administration ... | Section 11-81-244
Application for funding; administration of program; powers and duties of local governments; installation of improvements; assessments.
(a) A real property owner in a designated region may apply to a local government under a program for funding to finance a qualified project and enter into a written co... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-8/section-11-81-245/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 8 - Property Insurance and Energy Reduction Act of Alabama.›Section 11-81-245 ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 8 - Property Insurance and Energy Reduction Act of Alabama. › Section 11-81-245 - Consent Requirements; Disclosure Stateme... | Section 11-81-245
Consent requirements; disclosure statement.
(a)(1) Before entering into a written contract with a local government, the real property owner shall provide, or the local government shall obtain, a verified recordable copy of written consent and subordination agreement signed by the holder of each existi... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-8/section-11-81-246/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 8 - Property Insurance and Energy Reduction Act of Alabama.›Section 11-81-246 ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 8 - Property Insurance and Energy Reduction Act of Alabama. › Section 11-81-246 - Assessment Lien; Enforcement. | Section 11-81-246
Assessment lien; enforcement.
(a) An assessment under this article and any interest or penalties on the assessment:
(1) Is a lien against the real property on which the assessment is imposed from the date on which the notice of contractual assessment is recorded.
(2) Subject to the requirement in Sect... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-8/section-11-81-247/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 8 - Property Insurance and Energy Reduction Act of Alabama.›Section 11-81-247 ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 8 - Property Insurance and Energy Reduction Act of Alabama. › Section 11-81-247 - Loss Reserve Fund. | Section 11-81-247
Loss reserve fund.
A local government, combination of local governments, the State or designee, may establish a loss reserve fund. The loss reserve fund may be established for the purposes of paying delinquent assessments caused by the failure of a real property owner to fulfill their obligations unde... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-8/section-11-81-248/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 8 - Property Insurance and Energy Reduction Act of Alabama.›Section 11-81-248 ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 8 - Property Insurance and Energy Reduction Act of Alabama. › Section 11-81-248 - Regulatory Jurisidiction. | Section 11-81-248
Regulatory jurisidiction.
The Governor may appoint an existing state agency to exercise regulatory jurisdiction over programs and activities under this article. The state agency shall have the authority to adopt reasonable rules, interpretations, and guidances, consistent with the laws of this state, ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-8/section-11-81-249/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 8 - Property Insurance and Energy Reduction Act of Alabama.›Section 11-81-249 ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 8 - Property Insurance and Energy Reduction Act of Alabama. › Section 11-81-249 - Imposition of Assessment. | Section 11-81-249
Imposition of assessment.
The imposition of an assessment pursuant to this article is to be made solely at the request of the owner of record of real property within a designated region. A local government shall not compel a person who owns real property in a designated region to enter into a contract... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-8/section-11-81-250/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 8 - Property Insurance and Energy Reduction Act of Alabama.›Section 11-81-250 ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 8 - Property Insurance and Energy Reduction Act of Alabama. › Section 11-81-250 - Construction of Article. | Section 11-81-250
Construction of article.
Nothing in this article, nor any program adopted in accordance with the procedures established hereunder, shall alter, amend, or affect the rights, duties, and obligations of any electric supplier or the regulation or governance of any such entity.
(Act 2015-494, §11.) |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-9/section-11-81-260/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 9›Section 11-81-260 - Definitions. | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 9 › Section 11-81-260 - Definitions. | Section 11-81-260
Definitions.
When used in this article, the following terms shall have the following meanings:
(1) ARTICLES. The articles of incorporation or articles of reincorporation of an authority.
(2) AUTHORITY. A public corporation incorporated or reincorporated pursuant to the provisions of this article.
(3) ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-9/section-11-81-261/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 9›Section 11-81-261 - Legislative Findings of Fact and Declaration of Intent; ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 9 › Section 11-81-261 - Legislative Findings of Fact and Declaration of Intent; Construction of Article. | Section 11-81-261
THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2021 REGULAR SESSION, EFFECTIVE JUNE 1, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Legislative findings of fact and declaration of intent; construction of article.
The Legislature hereby makes the following findings of fact and declares ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-9/section-11-81-262/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 9›Section 11-81-262 - Authorization and Procedure for Incorporation Generally. | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 9 › Section 11-81-262 - Authorization and Procedure for Incorporation Generally. | Section 11-81-262
Authorization and procedure for incorporation generally.
Any number of natural persons, not less than three, residing in the county of incorporation may incorporate an authority as provided in this article. The incorporators shall file a written application in accordance with Section 11-81-263.
(Act 2... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-9/section-11-81-263/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 9›Section 11-81-263 - Filing of Application for Incorporation With Probate Jud... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 9 › Section 11-81-263 - Filing of Application for Incorporation With Probate Judge; Contents Thereof; Recordation of Appli... | Section 11-81-263
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.
(a) The written application of the incorporators shall be filed with the ... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-9/section-11-81-264/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 9›Section 11-81-264 - Contents, Signing, and Filing of Articles. | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 9 › Section 11-81-264 - Contents, Signing, and Filing of Articles. | Section 11-81-264
Contents, signing, and filing of articles.
(a) The articles of an authority shall state all of the following:
(1) The names of the incorporators and that each is a resident of the county of incorporation.
(2) The name of the authority, which may be a name indicating in a general way the geographic are... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-9/section-11-81-265/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 9›Section 11-81-265 - Authorization and Procedure for Reincorporation of Exist... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 9 › Section 11-81-265 - Authorization and Procedure for Reincorporation of Existing Road Improvement Commissions; Continua... | Section 11-81-265
Authorization and procedure for reincorporation of existing road improvement commissions; continuation in office of directors; effect of reincorporation.
(a) In any county containing a Class 4 municipality incorporated under Chapter 44B of Title 11, where there has been an attempt to create a road imp... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-9/section-11-81-266/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 9›Section 11-81-266 - Further Authorization and Procedure for Reincorporation ... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 9 › Section 11-81-266 - Further Authorization and Procedure for Reincorporation of Existing Road Improvement Commissions. | Section 11-81-266
Further authorization and procedure for reincorporation of existing road improvement commissions.
A road improvement commission created or attempted to be created prior to June 1, 2021, in a county containing a Class 4 municipality incorporated under Chapter 44B of Title 11, may seek authority to rein... |
https://law.justia.com/codes/alabama/title-11/title-3/chapter-81/article-9/section-11-81-267/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 11 - Counties and Municipal Corporations.›Title 3 - Provisions Applicable to Counties and Municipal Corporations.›Chapter 81 - Municipal and County Bonds.›Article 9›Section 11-81-267 - Recordation of Articles by Judge of Probate; Judge of Pr... | 2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 3 - Provisions Applicable to Counties and Municipal Corporations. › Chapter 81 - Municipal and County Bonds. › Article 9 › Section 11-81-267 - Recordation of Articles by Judge of Probate; Judge of Probate to Receive No Fees in Connection Wit... | Section 11-81-267
Recordation of articles by judge of probate; judge of probate to receive no fees in connection with incorporation, reincorporation, dissolution, etc., of authority.
(a) The articles shall be filed with the probate judge. The proposed authority shall constitute a de jure corporation upon acceptance of ... |
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