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143 chapters · 3,669 sections in this title.
Ala. Code § 11-15-1 Definitions
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The following words and phrases, including the plural of any thereof, wherever used in this chapter, shall in the absence of clear implication herein otherwise have the following respective meanings: (1) THE CORPORATION. A corporation organized pursuant to the provisions of this …
Ala. Code § 11-15-10 Warrants - Notice of Warrant Resolution; Actions to Question Proceedings for Issuance; Invalidate Warrants, Etc
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Upon the adoption by the board of any resolution providing for the issuance of warrants, the corporation may, in its discretion, cause to be published once a week for two consecutive weeks in a newspaper published and having general circulation in the county and, if there is no s…
Ala. Code § 11-15-11 Warrants - Execution and Delivery
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All warrants shall be signed by the president or vice-president of the corporation, and the seal of the corporation shall be affixed thereto and attested by its secretary. They shall be drawn on the treasurer or depository of the funds of the corporation. Coupons shall be signed …
Ala. Code § 11-15-12 Warrants - Security for Payment of Principal and Interest
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The principal of and interest on the warrants shall be secured by a pledge of the revenues out of which the warrants shall be made payable, shall be secured by a mortgage covering the project from which the revenues so pledged shall be derived and shall be secured by a pledge of …