Title 11 — Title 11
0 chapters · 2,499 sections in this title.
Ala. Code § 11-53B-6 Assessment of Costs
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The municipality shall have the power to assess the costs authorized herein against any lot or lots, parcel or parcels of land purchased by the State of Alabama at any sale for the nonpayment of taxes, and where such an assessment is made against the lot or lots, parcel or parcel…
Ala. Code § 11-53B-7 Payment of Costs
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The municipality, in ordering any repair or demolition the cost of which or any part thereof is to be assessed against any property in accordance with this chapter, may provide that the same shall be paid in cash within 30 days after the final assessment; provided, however, that …
Ala. Code § 11-53B-8 Failure to Make Payment
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If the property owner fails to pay the assessment lien within 30 days, or having elected to make installment payments, fails to make any installment payment when due, the whole assessment lien shall immediately become due and payable, and the officer designated by the municipalit…
Ala. Code § 11-53B-9 Sale of Property Upon Default
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(a) Any property owner, notwithstanding his or her default, may pay the assessment lien with interest and all costs if tendered before a sale of the property. (b) The cost of any notice and sale resulting from a default on paying an assessment shall constitute a charge against th…
Ala. Code § 11-54-1 Definitions
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The following words and phrases, wherever used in this article, shall have the respective meanings ascribed to them in this section: (1) MUNICIPALITY. An incorporated city or town in the State of Alabama. (2) INDUSTRIAL PARK. Land: a. Determined by the governing body of a municip…
Ala. Code § 11-54-2 Authorized
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Each municipality shall have the power to acquire and develop one or more parcels of land as the site or sites for an industrial park or industrial parks and shall have the power to expend money for such acquisition and development. The development of land as the site for an indu…
Ala. Code § 11-54-20 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 following respective meanings: (1) MUNICIPALITY. Any incorporated city or town in the State of Alabama. (2) PROJECT. Any land and any building or other…
Ala. Code § 11-54-21 Legislative Intent; Construction of Article Generally
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(a) It is the intent of the Legislature by the passage of this article to authorize municipalities to acquire, own, and lease and, in connection with any such acquisition, to enlarge, improve, and expand projects for the purpose of promoting industry and trade and controlling, ab…
Ala. Code § 11-54-22 Powers of Municipalities Generally as to Acquisition, Leasing, Etc., of
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Projects for Industry, Trade, and Pollution Control. In addition to any other powers which it may now have, each municipality shall have the following powers: (1) To acquire and, in connection with such acquisition, to enlarge, improve, and expand, whether by construction, purcha…
Ala. Code § 11-54-23 Requirements as to Leasing of Projects
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(a) Prior to the leasing of any project, the governing body must determine and find the following: (1) The amount necessary in each year to pay the principal of and the interest on the bonds proposed to be issued to finance such project; (2) The amount necessary to be paid each y…
Ala. Code § 11-54-24 Bonds - Form, Terms, Denominations, Etc.; Execution, Sale, Delivery,
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Redemption, Etc. All bonds issued by a municipality under authority of this article shall be limited obligations of the municipality, the principal of and interest on which shall be payable solely out of the revenues derived from the leasing of the project to finance which the bo…
Ala. Code § 11-54-25 Bonds - Security for Payment of Principal and Interest; Remedies Upon
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Default. The principal of and interest on any bonds issued under the authority of this article shall be secured by a pledge of the revenues out of which such bonds shall be made payable, may be secured by a mortgage covering all or any part of the project from which the revenues …
Ala. Code § 11-54-26 Bonds - Disposition of Proceeds from Sale
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(a) The proceeds from the sale of any bonds issued under authority of this article shall be applied only for the purpose for which the bonds were issued; provided, however, that any accrued interest and premium received in any such sale shall be applied to the payment of the prin…
Ala. Code § 11-54-27 Refunding Bonds
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Any bonds issued under this article and at any time outstanding may at any time and from time to time be refunded by a municipality by the issuance of its refunding bonds in such amount as the governing body may deem necessary but not exceeding an amount sufficient to refund the …
Ala. Code § 11-54-28 Notice To, Consent or Approval of Governmental Body, Etc., Not to Be
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Required for Issuance or Sale of Bonds or Execution of Mortgages. No notice to or consent or approval by any governmental body or public officer shall be required as a prerequisite to the sale or issuance of any bonds or the making of a mortgage under the authority of this articl…
Ala. Code § 11-54-29 Investment in Bonds by Savings Banks and Insurance Companies
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Bonds issued under the provisions of this article shall be legal investments for savings banks and insurance companies organized under the laws of this state. History: (Acts 1951, No. 756, p. 1307, §10.)
Ala. Code § 11-54-3 Authorization and Procedure for Sale of Lands Comprising Industrial
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Parks. Each municipality shall have the power to sell to any person all or any part of any land held by it as the site of an industrial park; provided, however, that no such sale may be made for less than the total amounts expended by the municipality with respect to the property…
Ala. Code § 11-54-30 Municipalities Not to Contribute to Costs of Acquisition of Projects or
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Use Municipal Lands for Projects. No municipality shall have the power to pay out of its general funds or otherwise contribute any part of the costs of acquiring a project and shall not have the power to use land already owned by the municipality or in which the municipality has …
Ala. Code § 11-54-31 Exemption from Taxation of Projects, Bonds, Etc
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The bonds authorized by this article and the income therefrom, all mortgages executed as security therefor, all lease agreements made pursuant to the provisions of this article, and all projects and the revenue derived from any lease thereof shall be exempt from all taxation in t…
Ala. Code § 11-54-32 Construction of Article
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Neither this article nor anything contained in this article shall be construed as a restriction or limitation upon any powers which a municipality might otherwise have under any laws of this state, but shall be construed as cumulative, and this article shall not be construed as r…
Ala. Code § 11-54-4 Binding Option Agreements for Sale of Industrial Park Authorized
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Each municipality in this state holding property as the site of an industrial park is hereby authorized to make and enter into binding option agreements for the sale of all or any portion of said industrial park, subject however, to the following conditions and limitations: (1) N…
Ala. Code § 11-54-50 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 following respective meanings: (1) GOVERNING BODY. The board or body in which the legislative powers of the municipality are vested. (2) MORTGAGE. A mo…
Ala. Code § 11-54-51 Legislative Intent; Construction of Article Generally
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(a) It is the intent of the Legislature by the passage of this article to authorize municipalities to provide buildings and other facilities for lease to and use by one or more national organizations in order to induce such organizations to establish or to locate offices in this …
Ala. Code § 11-54-52 Powers of Municipalities Generally as to Acquisition, Leasing, Etc., of
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Projects for Provision of Buildings and Other Facilities for Certain National Organizations. In addition to any other powers which it may now have, each municipality shall have the following powers: (1) To acquire, whether by construction, purchase, gift, or lease, and to equip o…
Ala. Code § 11-54-53 Requirements as to Leasing of Projects
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(a) Prior to the leasing of any project, the governing body must determine and find the following: (1) The amount necessary in each year to pay the principal of and the interest on the bonds proposed to be issued to finance such project; (2) The amount necessary to be paid each y…
Ala. Code § 11-54-54 Bonds - Form, Terms, Denominations, Etc.; Execution, Sale, Delivery,
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Redemption, Etc. All bonds issued by a municipality under authority of this article shall be limited obligations of the municipality, the principal of and interest on which shall be payable solely out of the revenues derived from the leasing of the project to finance which the bo…
Ala. Code § 11-54-55 Bonds - Security for Payment of Principal and Interest
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The principal of and interest on any bonds issued under the authority of this article shall be secured by a pledge of the revenues out of which such bonds shall be made payable, may be secured by a mortgage covering all or any part of the project from which the revenues so pledge…
Ala. Code § 11-54-56 Bonds - Disposition of Proceeds from Sale
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(a) The proceeds derived from the sale of any bonds issued under authority of this article, other than refunding bonds, shall be used only to pay the cost of acquiring, constructing, improving, enlarging, equipping and furnishing one or more projects as may be provided in the pro…
Ala. Code § 11-54-57 Refunding Bonds
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Any bonds issued under this article and at any time outstanding may at any time and from time to time be refunded by a municipality by the issuance of its refunding bonds in such amount as the governing body may deem necessary but not exceeding an amount sufficient to refund the …
Ala. Code § 11-54-58 Notice To, Consent or Approval of Governmental Body, Etc., Not to Be
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Required for Issuance or Sale of Bonds or Execution of Mortgages. No notice to or consent or approval by any governmental body or public officer shall be required as a prerequisite to the sale or issuance of any bonds or the making of a mortgage under the authority of this articl…
Ala. Code § 11-54-59 Investment in Bonds by Savings Banks and Insurance Companies
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Bonds issued under the provisions of this article shall be legal investments for savings banks and insurance companies organized under the laws of this state. History: (Acts 1973, No. 812, p. 1251, §10.)
Ala. Code § 11-54-60 Municipalities Not to Contribute to Costs of Acquisition of Projects or
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Use Municipal Lands for Projects. No municipality shall have the power to pay out of its general funds or otherwise contribute any part of the costs of acquiring a project and shall not have the power to use land already owned by the municipality or in which the municipality has …
Ala. Code § 11-54-61 Exemption from Taxation of Projects, Bonds, Etc
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The bonds authorized by this article and the income therefrom, all mortgages executed as security therefor, all lease agreements made pursuant to the provisions of this article, any deeds or other documents whereby properties are acquired by a municipality under authority of this…
Ala. Code § 11-54-62 Construction of Article
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Neither this article nor anything contained in this article shall be construed as a restriction or limitation upon any powers which a municipality might otherwise have under any laws of this state, but shall be construed as cumulative, and this article shall not be construed as r…
Ala. Code § 11-54-80 Definitions
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Wherever used in this division, unless a different meaning clearly appears in the context, the following terms shall be given the following respective meanings: (1) INDUSTRIAL DEVELOPMENT BOARD or BOARD. Any industrial development board organized pursuant to the provisions of thi…
Ala. Code § 11-54-81 Legislative Intent; Construction of Division Generally
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(a) It is the intent of the Legislature by the passage of this division to authorize the incorporation in the several municipalities in this state of industrial development boards to acquire, enlarge, improve, replace, own, lease, and dispose of properties to the end that such bo…
Ala. Code § 11-54-82 Application for Authority to Incorporate Industrial Development Board;
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Adoption of Resolution by Governing Body Authorizing Incorporation; Execution, Acknowledgment, and Filing of Certificate of Incorporation Generally. Whenever any number of natural persons, not less than three, each of whom shall be a duly qualified elector of and taxpayer in the …
Ala. Code § 11-54-83 Certificate of Incorporation - Contents; Execution and Acknowledgment
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(a) The certificate of incorporation shall set forth: (1) The names and residences of the applicants together with a recital that each of them is an elector of and taxpayer in the municipality; (2) The name of the board which shall be The Industrial Development Board of the _____…
Ala. Code § 11-54-84 Certificate of Incorporation - Filing with Probate Judge; Examination,
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Approval, and Recordation by Probate Judge. When executed and acknowledged in conformity with Section 11-54-83, the certificate of incorporation shall be filed with the judge of probate of any county in which may be located any portion of the territory embraced within the corpora…
Ala. Code § 11-54-85 Certificate of Incorporation - Amendment
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The certificate of incorporation may at any time and from time to time be amended so as to make any changes therein and add any provisions thereto which might have been included in the certificate of incorporation in the first instance. Any such amendment shall be effected in the…
Ala. Code § 11-54-86 Board of Directors
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The industrial development board shall have a board of directors in which all powers of the board shall be vested and which shall consist of any number of directors, not less than seven, five of whom shall be duly qualified electors of and taxpayers in the municipality. At the di…
Ala. Code § 11-54-87 Powers of Boards Generally; Location and Operation of Projects of
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Boards Generally; Meetings of Board of Directors. (a) The industrial development board shall have the following powers together with all powers incidental thereto or necessary for the performance of those stated in this subsection: (1) To have succession by its corporate name for…
Ala. Code § 11-54-88 Additional Powers as to Pollution Control Facilities
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(a)(1) In addition to all other powers at any time conferred on them by law, each industrial development board shall have the following powers: a. To acquire, whether by construction, purchase, exchange, gift, lease, or otherwise and to enlarge, improve, replace, equip, and maint…
Ala. Code § 11-54-89 Bonds - Form, Terms, Denominations, Etc.; Execution, Sale, Delivery,
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Redemption, Etc.; Refunding of Bonds. All bonds issued by the industrial development board shall be payable solely out of the revenues and receipts derived from the leasing or sale by the board of its projects or of any thereof as may be designated in the proceedings of the board…
Ala. Code § 11-54-90 Bonds - Security for Payment of Principal and Interest; Remedies Upon
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Default. The principal of and interest on any bonds issued by the industrial development board shall be secured by a pledge of the revenues and receipts out of which the same shall be made payable and may be secured by a mortgage or deed of trust covering all or any part of the p…
Ala. Code § 11-54-91 Borrowing of Money for Temporary Use and Issuance of Temporary
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Revenue Bonds as Evidence Thereof. (a) Any industrial development board organized under the provisions of this division, as amended, may, in addition to the other powers granted in the other provisions of this division, borrow money for temporary use for any of its corporate purp…
Ala. Code § 11-54-92 Liability of Municipalities Upon Bonds, Agreements, Obligations, Etc., of
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Boards. The municipality shall not in any event be liable for the payment of the principal of or interest on any bonds of the industrial development board or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever which may be undertaken by the…
Ala. Code § 11-54-93 Disposition of Net Earnings of Boards
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The industrial development board shall be a nonprofit corporation, and no part of its net earnings remaining after payment of its expenses shall enure to the benefit of any individual, firm, or corporation; except, that in the event the board of directors of the board shall deter…
Ala. Code § 11-54-94 Authority and Procedure for Dissolution of Boards; Vesting of Title to
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Funds and Properties Thereof in Municipalities Upon Dissolution. Whenever the board of directors of the industrial development board shall by resolution determine that the purposes for which the board was formed have been substantially complied with and all bonds theretofore issu…