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143 chapters · 3,669 sections in this title.
Ala. Code § 11-95-1 Legislative Intent; Liberal Construction of Chapter
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It is the intent of the Legislature by the passage of this chapter to promote the public health of the people of the State of Alabama by authorizing each county and any municipality located in such county to act jointly in authorizing the incorporation of one or more public corpo…
Ala. Code § 11-95-10 Refunding Bonds
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Any bonds issued by a corporation may from time to time be refunded by the issuance, by sale or exchange, of refunding bonds payable from the same or different designated revenues for the purpose of paying all or any part of the principal of the bonds to be refunded, any redempti…
Ala. Code § 11-95-11 Exemption from Taxation and Fees
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The property and income of a corporation, all bonds issued by a corporation, the income from such bonds, conveyances by or to a corporation, and leases, mortgages and deeds of trust or trust indentures by or to a corporation shall be exempt from all taxation in the State of Alaba…
Ala. Code § 11-95-12 Liability of Authorizing Subdivisions
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Neither of the authorizing subdivisions shall be liable in any manner for the payment of the principal of or interest on any bonds of a corporation or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever that may be undertaken by a corporati…