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15 chapters · 233 sections in this title.
Ala. Code § 24-1-74 Mortgages of Authority Property in Connection with Government Financed Projects
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In connection with any project financed in whole or in part by a government, the authority shall also have power to mortgage all or any part of its property, real or personal, then owned or thereafter acquired, and thereby: (1) To vest in a government the right, upon the happenin…
Ala. Code § 24-1-75 Remedies of Obligee of Authority Generally
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An obligee of the authority shall have the right, in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee: (1) By mandamus or civil action, both of which may be joined in one action, to compel …
Ala. Code § 24-1-76 Remedies Conferrable Upon Obligees of Authority by Trust Indenture, Mortgage, Etc
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Any authority shall have power by its trust indenture, mortgage, lease, or other contract to confer upon any obligee holding or representing, a specified amount in bonds, lease, or other obligations, the right upon the happening of an “event of default,” as defined in such instru…
Ala. Code § 24-1-77 Remedies Cumulative
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All the rights and remedies conferred by this article shall be cumulative and in addition to all other rights and remedies that may be conferred upon such obligee of the authority by law or by any contract with the authority. (Code 1940, T. 25, §50.)