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143 chapters · 3,669 sections in this title.
Ala. Code § 11-22-1 Definitions
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For the purposes of this chapter, the following terms shall have the respective meanings ascribed by this section: (1) CORPORATION. Any corporation organized pursuant to the provisions of this chapter. (2) COUNTY. Any county in this state with respect to which a corporation may b…
Ala. Code § 11-22-10 Bond Issues - Securing of Principal and Interest; Mortgages and Deeds of Trust; Default
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The principal of and interest on any bonds issued by the corporation shall be secured by a pledge of the revenues and receipts out of which the same shall be made payable and may be secured by mortgage or deed of trust covering all or any part of the projects from which the reven…
Ala. Code § 11-22-11 Bond Issues - Notice of Authorization of Issuance; Contesting of Validity
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Upon the adoption by the board of directors of any resolution providing for the issuance of bonds, the corporation may, in its discretion, cause to be published once a week for two consecutive weeks, in a newspaper published in the county, a notice in substantially the following …
Ala. Code § 11-22-12 Temporary Borrowing
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The corporation may, in addition to the other powers granted in this chapter, borrow money for temporary use for any of its corporate purposes and in evidence of such borrowing issue from time to time revenue bonds or notes maturing not later than 18 months from date of issuance.…