Title 11 — Title 11
0 chapters · 2,499 sections in this title.
Ala. Code § 11-9-1 “Special Sanitary Tax” Defined; Applicability of Provisions of Article
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The term “special sanitary tax” wherever used in this article means any special annual ad valorem tax upon all taxable property in a county, the proceeds of which are or may be required to be used exclusively as a sanitary fund. The provisions of this article shall apply to each …
Ala. Code § 11-9-2 Authority for Issuance; Form, Terms, Denominations, Etc.; Sale and
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Disposition of Proceeds; Pledge for Payment of Principal and Interest Generally. Each county which is now levying or may hereafter levy a special sanitary tax shall have the power from time to time to sell and issue, in addition to all other securities which it may now or hereaft…
Ala. Code § 11-9-20 Definitions
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Wherever used in this article, unless a different meaning clearly appears in the context, the following terms shall be given the respective interpretations specified in this section: (1) COUNTY. Each county in the state. (2) GOVERNING BODY. The county commission of a county. (3) …
Ala. Code § 11-9-21 Legislative Intent; Construction of Article
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It is the intention of the Legislature by the passage of this article to authorize each county in the state to finance the acquisition by such county through purchase, construction or otherwise of one or more waterworks systems by the sale and issuance of interest-bearing warrant…
Ala. Code § 11-9-22 Authority for Issuance; Form, Terms, Denominations, Etc.; Sale and
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Disposition of Proceeds; Pledge for Payment of Principal and Interest Generally. Each county shall have the power from time to time to sell and issue interest- bearing warrants of such county for the purpose of paying costs to that county of acquiring and providing one or more wa…
Ala. Code § 11-9-23 Special Pledges for Payment of Principal and Interest
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The county commission of the county issuing any such warrants may, in its discretion, assign and specially pledge for the payment of the principal of and interest on such warrants so much as may be necessary for said payment of any one or more of the following (or any part thereo…
Ala. Code § 11-9-24 Issuance of Refunding Warrants
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Each such county may in like manner from time to time issue refunding warrants, either by sale or by exchange, for the purpose of refunding a like or greater principal amount of warrants then outstanding which were issued under the provisions of this article and the interest ther…
Ala. Code § 11-9-25 Investment of Trust Funds in Warrants
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Unless otherwise directed by the court having jurisdiction thereof or by the document that is the source of authority, a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition to any other investment powers, invest trust funds in…
Ala. Code § 11-9-26 Issuance of Warrants Deemed to Constitute Audit and Allowance of
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Claim. The issuance of warrants and any interest coupons applicable thereto pursuant to the provisions of this article and in accordance with the authorization of the county commission of the county issuing such warrants shall be deemed to constitute an audit and allowance by suc…
Ala. Code § 11-9-27 Exemptions from Usury or Interest Rate Statutes
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Any warrants issued by a county under the provisions of this article for the purpose of paying costs of acquiring and providing waterworks systems are hereby exempted from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, witho…
Ala. Code § 11-9-28 Provisions of Article Controlling; Applicability of Provisions of Section
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11-8-10. Insofar as the provisions of this article may be inconsistent with the provisions of any other law, the provisions of this article shall control, it being hereby specifically declared that the provisions of section 11-8-10 shall not be applicable to the warrants issued u…
Ala. Code § 11-9-3 Pledges of Special Sanitary Tax for Payment of Principal and Interest
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The county commission of the county issuing any such warrants or certificates of indebtedness shall have the power to pledge and to use or cause to be used for the payment of the principal of and interest on such warrants and certificates of indebtedness so much as may be necessa…
Ala. Code § 11-9-4 Investment of Trust Funds in Warrants or Certificates of Indebtedness
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Unless otherwise directed by the court having jurisdiction thereof or by the document that is the source of authority, a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition to any other investment powers conferred by law and w…
Ala. Code § 11-9-5 Issuance of Refunding Warrants and Certificates of Indebtedness
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Each such county may in like manner from time to time issue refunding warrants and refunding certificates of indebtedness, either by sale or by exchange, for the purpose of refunding a like or greater principal amount of warrants and certificates of indebtedness then outstanding …