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143 chapters · 3,669 sections in this title.
Ala. Code § 11-97-1 Legislative Declarations and Findings
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It is hereby found and declared as follows: (1) That the health, safety, and welfare of the people of this state require the provision of certain utility services, including water and sewer services; (2) That it is necessary for the Legislature to provide additional methods by wh…
Ala. Code § 11-97-10 Security for Payment of Bonds; Contracts and Agreements to Secure
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(a) Bonds issued by any corporation may, as its board may deem advisable, be either general obligations of such corporation or limited obligations payable only out of certain specified revenues or assets of such corporation; provided, that any corporation may enter into contracts…
Ala. Code § 11-97-11 Proceeds from Sale of Bonds
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All moneys derived from the sale of any bonds issued by a corporation shall be used solely for the purpose or purposes for which the same are authorized; provided, however, that if for any reason any part of such proceeds shall not be necessary for such purposes, then such unexpe…
Ala. Code § 11-97-12 Refunding Bonds
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(a) Any bonds issued or assumed 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 sources for the purpose of paying all or any part of the principal of the bonds to be refunded, any redem…