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11-50-101
Section 11-50-101 Issuance, etc., of bonds by municipalities having less than six thousand
inhabitants. Any city or town having a population of less than 6,000 inhabitants may, notwithstanding
the amount or character of any bonded or other indebtedness, issue such bonds, but the same
shall be a lien or charge only against the property improved and drained and against the fund
collected from the assessments levied against the property improved and drained and shall
not be the general obligation of the city or town, nor shall such city or town be in any way
liable to the holders of such bonds in case of failure to collect the same, but such bonds
may be secured by mortgage on or deed of trust to said sewers or sewer system. Such last described
bonds, when issued, shall convey and transfer to the owners thereof all right, title, and
interest in and to the assessment and the lien upon the respective lots or parcels of ground
provided for in this division, which liens and assessments shall...
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11-50-97
Section 11-50-97 Making of loans and issuance of bonds to pay for sewers or sewer system. The
council may borrow money on the faith and credit of the city or town, executing the note of
the city or town therefor and pledging as security for such loan the proceeds of the proposed
assessments thereafter to be made as provided in this division, and such sum or sums so borrowed
the council may advance in payment or part payment of the cost of such sewer or sewers or
sewer system; and, upon the expiration of 30 days after the assessment for the cost of the
same shall have been made final, the council may then issue and sell bonds for such amount
as may be necessary, after deducting the amount paid by property owners, to pay the cost of
such sewers or sewer system, including such amounts as may have been borrowed for the purpose,
and all interest and other expenses incurred in and about the purchase of the same. The council
may provide in its contract with the owner or owners of the sewer,...
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11-81-172.1
Section 11-81-172.1 Revenue bonds - Issuance of bonds for refunding of principal of general
or limited obligation warrants, etc. Any county or incorporated municipality in the State
of Alabama may issue revenue bonds under the provisions of this article not only for the purposes
specified in Section 11-81-166, but also for the purpose of refunding the principal of any
outstanding general or limited obligation warrants of any such county or incorporated municipality
that were issued (directly or indirectly) for the purpose of financing the acquisition, improvement,
enlargement, extension or repair of any waterworks system, gas system, electric system or
sanitary sewer system or that were issued to refund any general or limited obligation warrant
or warrants initially issued by such county or incorporated municipality (directly or indirectly)
for the purpose of financing the acquisition, improvement, enlargement, extension or repair
of any waterworks system, gas system, electric system...
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11-50-350
Section 11-50-350 Revenue refunding bonds. (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, including the payment of any redemption premium thereon
and any interest accrued or to accrue to the date of redemption of such bonds and, if deemed
advisable by the board, for the additional purpose of constructing improvements, extensions,
or enlargements of the water system or sewer system in connection with which the bonds to
be refunded shall have been issued. (b) The board is further authorized to provide by resolution
for the issuance of its revenue bonds for the combined purpose of: (1) Refunding any bonds
then outstanding which shall have been assumed by the board or shall have been issued under
the provisions of this article, including the payment of any...
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11-81-166
Section 11-81-166 Revenue bonds - Authority for issuance; authorization proceedings generally;
form, terms, denominations, etc.; execution and delivery generally; maturity and sale; payment
generally; trust indentures. (a) Any borrower may issue its revenue bonds for the purpose
of: (1) Financing the acquisition, improvement, enlargement, extension and repair, or any
of them, of a system or systems; (2) Refunding the principal of and the interest on any bonds
of such borrower theretofore issued under this article and then outstanding, whether or not
such principal and interest shall have matured at the time of such refunding; or (3) Financing
any such acquisition, improvement, enlargement, extension and repair, or any of them, and
refunding any such principal and interest. (b) Any bonds issued under this article shall be
made payable solely out of the revenues from the operation of a system or systems of the borrower
and may be made payable from any such revenues without regard to...
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11-48-62
Section 11-48-62 Issuance of bonds after completion of work. If bonds have not been issued
during the progress of the work as authorized by Section 11-48-61, the municipality may, after
completion of the work, sell and issue bonds not exceeding an amount sufficient to pay the
then outstanding principal of and interest on any temporary loans made pursuant to the provisions
of said Section 11-48-61 to finance all or part of the improvement, plus such portion of the
cost of the improvement, computed in accordance with Section 11-48-9, as has not been financed
by any such temporary loan then outstanding and unpaid. In determining the amount of bonds
so to be issued, the council shall take into consideration to the extent practicable the amount
which at the time of the authorization of the sale of the bonds has been paid by the property
owners toward the cost of the improvement. (Code 1907, §1409; Acts 1921, Ex. Sess., No. 53,
p. 71; Code 1923, §2224; Acts 1927, No. 639, p. 753; Code...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-48-62.htm - 1K - Match Info - Similar pages
11-50-346
Section 11-50-346 Execution of trust agreement as security for payment of revenue bonds authorized;
provisions in trust agreements or resolutions for issuance of bonds generally. In the discretion
of the board, any revenue bonds issued under the provisions of this article may be secured
by a trust agreement by and between the board and a corporate trustee, which may be any trust
company or bank having the powers of a trust company within or without the state. Such trust
agreement or resolution providing for the issuance of such bonds may pledge or assign the
revenues to be received, but shall not convey or mortgage any water system or sewer system
or any part thereof. Such trust agreement or resolution providing for the issuance of such
bonds may contain such provisions for protecting and enforcing the rights and remedies of
the bondholders as may be reasonable and proper and not in violation of law, including covenants
setting forth the duties of the board in relation to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-346.htm - 3K - Match Info - Similar pages
40-9-14.1
Section 40-9-14.1 Certificates of exemption to governmental entities, contractors, etc., for
certain tax exempt projects. (a) For the purposes of this section, the term governmental entity
means the State of Alabama and its political subdivisions, including a county, a municipality,
an industrial or economic development board or authority, and any public water or sewer authority,
district, system, or board that otherwise is sales and use tax exempt. A governmental entity
shall also include an educational institution of any of the foregoing Alabama political subdivisions
including a public college or university, a county or city board of education, and the State
Board of Education. (b)(1) The Department of Revenue shall issue a certificate of exemption
to the governmental entity for each tax exempt project. (2) The Department of Revenue shall
grant a certificate of exemption from state and local sales and use taxes to any contractor
licensed by the State Licensing Board for General...
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45-25-250
Section 45-25-250 Definitions. When used in this article, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise.
(1) AUTHORITY. The DeKalb County Water Authority, a public corporation organized pursuant
to this article. (2) BOARD. The Board of Directors of the DeKalb County Water Authority. (3)
BONDS. Bonds, notes, and certificates representing an obligation to pay money. (4) COUNTY.
DeKalb County. (5) DIRECTOR. A member of the Board of Directors of the DeKalb County Water
Authority. (6) GARBAGE PICK-UP AND DISPOSAL. All services involved in the pick-up and disposal
of garbage from residents, businesses, and factories. (7) SEWER SERVICE. The construction,
operation, and maintenance of sewer disposal facilities and lines in areas of the county not
served by any other public sewer facility. (8) INCORPORATORS. The persons forming a public
corporation organized pursuant to this article. (9) MUNICIPALITY. An...
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45-36-252
Section 45-36-252 Definitions. When used in this part, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise.
(1) AUTHORITY. The Jackson County Water Authority, a public corporation organized pursuant
to this part. (2) BOARD. The Board of Directors of the Jackson County Water Authority. (3)
BONDS. Bonds, notes, and certificates representing an obligation to pay money. (4) COUNTY.
Jackson County. (5) DIRECTOR. A member of the Board of Directors of the Jackson County Water
Authority. (6) GARBAGE PICK UP AND DISPOSAL. All services involved in the pick up and disposal
of garbage from residents, businesses, and factories. (7) INCORPORATORS. The persons forming
a public corporation organized pursuant to this part. (8) MUNICIPALITY. An incorporated city
or town of Jackson County. (9) NEW TERRITORY. Any territory added, by amendment to the certificate
of incorporation of an authority, to the area or areas in which that...
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