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143 chapters · 3,669 sections in this title.
Ala. Code § 11-57-1 Definitions
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The following words and phrases, whenever used in this chapter, shall have the following respective meanings, unless the context clearly indicates otherwise: (1) AUTHORITY. A corporation organized pursuant to the provisions of this chapter. (2) BOARD. The board of directors of th…
Ala. Code § 11-57-10 Leasing of Projects
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The authority and the municipality are hereby respectively authorized to enter into one or more lease agreements with each other whereunder one or more projects or any part thereof shall be leased by the authority to the municipality. No such lease agreement shall be for a term l…
Ala. Code § 11-57-11 Bonds - Authority for Issuance; Security for Payment of Principal and Interest Generally; Form, Terms, Denominations, Etc.; Sale, Redemption, Etc
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The authority is empowered at any time and from time to time to sell and issue its revenue bonds for the purpose of providing funds to acquire, construct, improve, enlarge, complete and equip one or more projects and for payment of obligations incurred for any such purpose. The p…
Ala. Code § 11-57-12 Bonds - Recital as to Authority for Issuance; Notice of Resolution Authorizing Issuance of Bonds; Limitation Period for Actions, Etc., as to Validity of Proceedings for Issuance of Bonds, Etc
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(a) Any resolution authorizing any bonds under this chapter shall contain a recital that they are issued pursuant to the provisions of this chapter, which recital shall be conclusive evidence that said bonds have been duly authorized pursuant to the provisions of this chapter, no…