11-81-1
Section 11-81-1 Execution of mortgages to secure bonds and indebtedness incurred in purchase,
construction, extension, etc., of school buildings or waterworks, gas, light, etc., plants.
Any city or town of the State of Alabama that may hereafter construct or purchase school buildings,
a waterworks plant, gas plant, electric light plant, or other light and power plant or extend
or enlarge a waterworks plant or light and power plant then owned by such city or town, may,
through its mayor and aldermen or other governing body execute a mortgage on the school buildings,
the waterworks plant or light and power plant purchased or constructed by such city or town
to secure the bonds and indebtedness and interest on such bonds and indebtedness created in
the purchase, construction, extension or enlargement of such school buildings, waterworks
plant or light and power plant, such mortgage to be signed by the mayor and countersigned
by the clerk of said city or town or by such other person or...
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11-47-3
Section 11-47-3 Contracts and indebtedness for municipal buildings and public utility systems;
consolidation of systems; ancillary service contracts. (a) The governing body of any city
or town may contract for the construction, reconstruction, extension, or repair of any municipal
building, plant, waterworks system, or electric light and power plant or system or may on
credit employ labor and purchase on credit all materials and supplies needed in such construction,
reconstruction, extension, or repair and may, without an election, issue evidences of indebtedness
in the forms and of the maturities described in Section 11-47-2 to the extent of any indebtedness
incurred in such contract or purchase or construction, reconstruction or extension and may
secure such evidences of indebtedness by mortgage or deed of trust (in such form and with
such provisions as such governing body may determine) on such municipal building, plant, waterworks
system, or electric light and power plant or...
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11-81-51
Section 11-81-51 Purposes for which bonds may be issued. All municipalities shall have full
and continuing power and authority within the limits of the Constitution now in effect or
that may be hereafter provided to issue and sell bonds (when such issue is authorized by an
election as provided in this article if such election is required by the Constitution, but
without an election if an election is not so required) for the following named purposes: (1)
For the purpose of constructing, reconstructing, enlarging or extending public buildings,
sewers, streets, alleys, bridges and public schoolhouses and buildings and of constructing
or acquiring by purchase or otherwise water, electric light, electric power and gas plants
and systems or any two or more such plants or systems combined, including transmission and
distribution systems, and of constructing enlargements and extensions to any such plants or
systems; (2) For the purchase of real estate necessary for any improvement authorized...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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4-3-47
Section 4-3-47 Powers of authority generally. The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time (which may be
in perpetuity) specified in its certificate of incorporation; (2) To sue and be sued in its
own name in civil actions, excepting actions in tort against the authority; (3) To adopt and
make use of a corporate seal and to alter the same at pleasure; (4) To adopt and alter bylaws
for the regulation and conduct of its affairs and business; (5) To acquire, receive, take
and hold, whether by purchase, option to purchase, gift, lease, devise or otherwise, property
of every description, whether real, personal or mixed, whether in one or more counties and
whether within or without the corporate limits of any authorizing subdivision, and to manage
said property and to develop any property and to sell, exchange, lease or...
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11-50-142
Section 11-50-142 Passage of resolution by governing body providing for sale, lease, etc. Before
any sale, lease, or disposition of an electric light plant, gas plant, or waterworks plant
of any city or town shall be made, the board of aldermen or other governing body shall pass
a resolution declaring it to be, in the judgment of said board of aldermen or other governing
body, to the best interests of the city or town that the electric plant, gas plant, or waterworks
plant of such city or town shall be sold, leased, or disposed of and shall fix in said resolution
the minimum price at which the sale, lease, or disposition should be had. (Acts 1909, No.
212, p. 253; Code 1923, §2060; Code 1940, T. 37, §377.)...
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11-50-141
Section 11-50-141 Authorized. When any city or town in this state is or may be the owner of
any electric light plant, gas plant, or waterworks plant and the board of aldermen or other
governing body of such city or town deems it to be to the best interest of such city or town
and the inhabitants thereof to sell, lease or dispose of such electric light plant, gas plant,
or waterworks plant, such sale or disposition may be made as provided in this article. (Acts
1909, No. 212, p. 253; Code 1923, §2059; Code 1940, T. 37, §376; Acts 1969, No. 635, p.
1164.)...
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11-50-12
Section 11-50-12 Combination of electric light and power plants, etc., and waterworks plants,
etc.; use of electric light and power plants, etc., and disposition of revenues therefrom.
All cities and towns which own and operate an electric light plant or system or any power
plant of any kind may combine such electric light and power plants and system with the waterworks
or waterworks system owned and operated by the city or town, and the receipts and revenues
derived from the electric light plant and works or from such power plant may be applied in
payment of or pledged to secure the payment of any indebtedness incurred by the city or town
in the construction, maintenance, or extension of its waterworks system or any additions or
improvements thereto; and any electric or hydroelectric power or power plant of similar kind
owned and operated by any of the cities and towns within the provisions of this section may
use such lighting or power plants and systems for the operation of its...
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11-50-150
Section 11-50-150 Execution of sale, lease, etc., by governing body and terms thereof. If the
result of such election shall be in favor of a sale, lease, or disposition of the plant, the
board of aldermen or other governing body of the city or town may proceed to sell, lease,
or dispose of the electric light plant, gas plant, or waterworks plant owned by such city
or town at a price not less than the minimum price fixed as provided in Section 11-50-142,
and upon such terms and time of payment as to the said board of aldermen or governing body
may seem best, but if there are deferred payments, the same must be secured by a lien on the
plant sold or disposed of. (Acts 1909, No. 212, p. 253; Code 1923, §2068; Code 1940, T. 37,
§385.)...
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11-42-181
Section 11-42-181 Disposition of property of absorbed municipalities. The city or town so altering
or rearranging its boundary lines shall become vested with the title and ownership of all
property, both real and personal, including taxes, moneys, school buildings and grounds, parks,
fixtures and furniture of school buildings, city or town halls, equipment and apparatus of
fire departments, city or town jails, water, gas or electric systems, including all mains
or pipes used for conducting the water or gas or electric lines, wires, poles, conduits and
all apparatus connected with any waterworks, gas or electric light systems belonging to the
city or town so absorbed or whose government has been extinguished, subject to the same conditions
and to be held for the same uses and purposes as before. (Code 1907, §1157; Code 1923, §1871;
Code 1940, T. 37, §230.)...
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