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143 chapters · 3,669 sections in this title.
Ala. Code § 11-63-1 Definitions
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The words and phrases hereinafter defined, wherever used in this chapter, shall be deemed to have the respective meanings ascribed to them in this section. (1) MUNICIPALITY. An incorporated city or town in the State of Alabama. (2) RELATED PUBLIC CORPORATION. Such term, when used…
Ala. Code § 11-63-2 Loans, Grants, Etc., of Property, Payment of Principal or Interest on Outstanding Bonds and Securities, Etc., by Municipalities for Assistance of Related Public Corporations Authorized Generally; Issuance of Bonds by Municipalities to Provide Moneys for Loans, Payments, Etc., Generally; Creation of Irrevocable Trust Funds for Payment of Corporate Securities
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(a) In addition to all other powers that a municipality may have with respect to a related public corporation, any municipality may, with or without consideration and on such terms as its governing body may deem advisable: (1) Lend or donate money to, or perform services for the …
Ala. Code § 11-63-3 Form, Terms, Denominations, Etc., of Securities Issued by Municipalities Generally; Sale, Execution, Delivery and Refunding Thereof; Security for Payment of Principal and Interest
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(a) Any securities issued by a municipality pursuant to authorization in Section 11-63-2 may be either general obligations of the municipality or special obligations of the municipality payable solely from a specified source or sources, which source or sources may include any mun…