11-88-106
Section 11-88-106 Maintenance of sinking fund accounts by official charged with duty of collecting
assessments; institution of mandamus proceedings against officer failing to maintain separate
sinking fund accounts, pay bonds or interest thereon, etc. The official charged with the duty
of collecting assessments shall keep all sinking funds in some bank or banks paying interest
on time deposits to be designated by the board, and shall provide and keep a separate sinking
fund account for each bond issued. If the said officer shall fail to provide and keep the
said separate sinking fund account for each such bond issue in the said bank or banks or shall
divert any of such funds to other uses or shall fail to pay any bond or bonds or the interest
thereon properly payable from the said funds when available, any user of the improvements
financed thereby or any holder of bonds of the series affected by such diversion or failure
shall have the right to apply to any court of competent...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-106.htm - 1K - Match Info - Similar pages

11-81-114
Section 11-81-114 Maintenance and disposition of sinking fund account for bond issues; enforcement
of maintenance of accounts, payment of bonds, etc.; disposition of assessments securing bonds
in certain cities. (a) The official charged with the duty of collecting assessments shall
keep all sinking funds in some bank or banks paying interest on time deposits to be designated
by the governing body of said municipality and shall provide and keep a separate sinking fund
account for each bond issue. If said officer shall fail to provide and keep said separate
sinking fund account for each such bond issue in said bank or banks or shall divert any of
such funds to other uses or shall fail to pay any bond or bonds or the interest thereon properly
payable from said funds when available, any taxpayer of the issuing municipality or any holder
of bonds of the series affected by such diversion or failure, whether of bonds heretofore
issued or to be hereafter issued, shall have the right to apply...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-114.htm - 2K - Match Info - Similar pages

11-50-104
Section 11-50-104 Deposit of assessment proceeds in bank; manner of withdrawal thereof. All
proceeds arising from the collection of assessments levied under the provisions of this division
shall, as soon as collected, be deposited and shall be kept by the city or town official charged
with the duty of collecting assessments in some bank or banks paying interest on time deposits
to be designated by the council. Said collections shall not be deposited with the general
funds of the city or town but shall constitute a separate deposit to the account of "public
bond sewerage fund" and shall be drawn out on check or order, and the council may pass
the proper ordinances and regulations requiring countersignature of said check or order. (Acts
1923, No. 165, p. 134; Code 1923, §2117; Code 1940, T. 37, §642.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-104.htm - 1K - Match Info - Similar pages

11-81-115
Section 11-81-115 Bond of officer charged with collection of assessments; liability of officer
and members of governing body for diversion, misappropriation, etc., of funds. (a) The official
charged with the duty of collecting assessments shall be required to give bond, including
the amount of any official bond which may have been required of him by law, equal to not less
than five percent of the total amount in said sinking funds provided for in Section 11-81-114,
and said bonds shall be increased and may be diminished from time to time in order to comply
with this provision. The cost of said increased bond shall be paid by the municipality. Said
official shall be liable on his official bond to any holder of the bonds authorized to be
issued under this division for any loss or injury to such holder caused by the diversion by
said officer of any fund or part thereof to the payment of any bonds or coupons or indebtedness
of the municipality other than the bonds and interest coupons...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-115.htm - 2K - Match Info - Similar pages

45-9-81
Section 45-9-81 Additional costs and fees; disposition of funds; Judicial Administration Fund.
(a) In Chambers County, in addition to all other fees, there shall be taxed as costs the sum
of twenty dollars ($20) in each criminal case, quasi-criminal case, proceedings on a forfeited
bail bond or proceedings on a forfeited bond given in connection with an appeal from a judgment
or conviction in any inferior or municipal court of the county, in the Circuit Court of Chambers
County, or the District Court of Chambers County, hereinafter filed in or arising in the Circuit
Court of Chambers County, or the District Court of Chambers County, or brought by appeal,
certiorari, or otherwise to the Circuit Court of Chambers County, or the District Court of
Chambers County, which costs shall be collected as other costs in such cases are collected
by the clerk, or ex officio clerk, of the courts or the register of the Circuit Court of Chambers
County as the case may be. Such fees, when collected by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-9-81.htm - 5K - Match Info - Similar pages

11-88-107
Section 11-88-107 Bond of official charged with duty of collecting assessments; liability of
said official and board members for diversion or misappropriation of funds for payment of
bonds and coupons. The official charged with the duty of collecting assessments shall be required
to give bond, including the amount of any official bond which may have been required of him
by law, equal to not less than five percent of the total amount in the said sinking funds
provided for in Section 11-88-106 and the said bond shall be increased and may be diminished
from time to time in order to comply with this provision. The cost of the said increased bond
shall be paid by the authority. The said official shall be liable on his official bond to
any holder of the bonds authorized to be issued under this article for any loss or injury
to such holder caused by the diversion by the said officer of any fund or part thereof to
the payment of any indebtedness of the authority other than the bonds and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-107.htm - 2K - Match Info - Similar pages

11-81-122
Section 11-81-122 Maintenance and disposition of sinking fund accounts for refunding bond issues.
A separate sinking fund account shall be provided and kept for each refunding bond issue authorized
under the provisions of Sections 11-81-119 through 11-81-121 to which shall be credited all
collections made on assessments levied with respect to the improvements financed by the original
issues of bonds or the proper proportionate part thereof, and such sinking fund shall be used
only for the purpose of paying interest and principal on such bonds in that particular group
or series as they mature. (Acts 1935, No. 296, p. 719; Code 1940, T. 37, §298.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-122.htm - 962 bytes - Match Info - Similar pages

11-88-105
Section 11-88-105 Separate sinking fund accounts to be maintained for refunding bond issues;
disposition of same. A separate sinking fund account shall be provided and kept for each refunding
bond issue authorized under the provisions of Sections 11-88-102, 11-88-103, and 11-88-104
to which shall be credited all collections made on assessments levied with respect to the
improvements financed by the original issues of bonds or the proper proportionate part thereof,
and such sinking fund shall be used only for the purpose of paying interest and principal
on such bonds in that particular group or series as they mature. (Acts 1973, No. 826, p. 1293,
§65.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-105.htm - 967 bytes - Match Info - Similar pages

11-50-103
Section 11-50-103 Maintenance of account and disbursement of proceeds from assessments generally.
The city or town officials charged with the duty of collecting assessments shall keep a correct
account of all funds arising from such assessments and shall carefully and correctly keep
a separate account of the fund arising from the collecting of assessments under each particular
purchase or improvement ordinance, and no proceeds arising from assessments levied for one
improvement or improvements shall be directed to the payment of the bonds or coupons issued
for any other purchase or improvement or to the payment of any other indebtedness of the city
or town or for any other purpose whatsoever, except as expressly provided in this division.
(Acts 1923, No. 165, p. 134; Code 1923, §2115; Code 1940, T. 37, §640.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-103.htm - 1K - Match Info - Similar pages

11-50-102
Section 11-50-102 Liability of municipal officials to bondholders for diversion, misappropriation,
etc., of funds for payment of bonds. The official charged with the duty of collecting assessments
shall be liable on his official bond to any holder of the bonds authorized to be issued under
this division for any loss or injury to such bondholder caused by the diversion by said officer
of any funds or part thereof to the payment of any bonds or coupons or indebtedness of the
city or town other than the bonds and interest coupons entitled and indebtedness authorized
by this division to be paid out of said fund or by the use or misappropriation by said officer
of any part of the funds out of which said bonds are required and contemplated in this division
to be paid for any other purpose than provided for in this division or for the benefit of
the city or town or others. All members of the governing body or bodies of the city or town
who shall, by their vote or in any other manner, cause,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-102.htm - 1K - Match Info - Similar pages