143 chapters · 3,669 sections in this title.
Ala. Code § 11-50-347 Provisions in Resolutions for Issuance of Revenue Bonds or Trust Agreements Securing Same as Payment of Rates, Fees, or Charges for Services
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Any resolution providing for the issuance of revenue bonds under the provisions of this article or trust agreement securing such bonds may include any or all of the following provisions and may require the board to adopt such resolutions or to take such other lawful action as sha…
Ala. Code § 11-50-348 Liability Upon Revenue Bonds, Etc.; Payment of Bonds and Expenses
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Revenue bonds issued under the provisions of this article shall not be deemed to constitute a debt of the city or a pledge of the faith and credit of the city, but such bonds shall be payable solely from the funds provided therefor from revenues. All such revenue bonds shall cont…
Ala. Code § 11-50-349 Remedies of Bondholders and Trustees
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Any holder of revenue bonds issued under the provisions of this article or of any of the coupons appertaining thereto and the trustee under any trust agreement, except to the extent the rights given by this section may be restricted by the resolution authorizing the issuance of s…
Ala. Code § 11-50-350 Revenue Refunding Bonds
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(a) The board is hereby authorized to provide by resolution for the issuance of revenue refunding bonds of the board for the purpose of refunding any bonds then outstanding which shall have been assumed by the board or shall have been issued under the provisions of this article, …