37-5-8
Section 37-5-8 Bonds - Rights and remedies of bondholders. In addition to all other
remedies, any holder of a bond of any district incorporated under this chapter, including
a trustee for bondholders, shall have the right, subject to any contractual limitations binding
upon such bondholders or trustee and subject to the prior or superior rights of others: (1)
By mandamus or other action or proceedings to enforce his rights against such district and
the board of such district, including the right to require such district and such board to
fix and collect rates and charges adequate to carry out any agreement as to, or pledge of,
the revenues produced by such rates or charges, and to require such district and such board
to carry out any other covenants and agreements with such bondholder and to perform its and
their duties under this chapter. (2) By civil action to enjoin any acts or things which may
be unlawful or a violation of the rights of such bondholder. (3) By civil action to...
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40-7-93
Section 40-7-93 Special pledges for payment. The governing body of the county issuing
any such warrants may, in its discretion, assign and specially pledge for the payment of the
principal of and interest on such warrants, so much as may be necessary for said payment of
any one or more of the following (or any part thereof): (1) The general annual ad valorem
tax of one half of one percent which the county is authorized to levy without reference to
the purpose thereof under the provisions of Section 215 of the Constitution of Alabama
of 1901. (2) The proceeds from any other tax (including any ad valorem tax and any privilege,
license, or excise tax) that at the time of the issuance of the said warrants may lawfully
be used by the county for payment of such principal and interest. (3) Any other revenues of,
or funds available to, the county that at the time of the issuance of the said warrants may
lawfully be used by the county for payment of such principal and interest, including (but...

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11-20-5
Section 11-20-5 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; applicability of usury, etc., laws. All bonds issued by a county under authority
of this article shall be limited obligations of the county, 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 bonds are issued. Bonds and interest coupons issued under authority of
this article shall never constitute an indebtedness of the county within the meaning of any
state constitutional provision or statutory limitation and shall never constitute nor give
rise to a pecuniary liability of the county or a charge against its general credit or taxing
powers, and such fact shall be plainly stated on the face of each such bond. Such bonds may
be executed and delivered at any time and from time to time, may be in such form and denominations,
may be of such tenor, may be in registered or bearer form either as to...
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11-48-83
Section 11-48-83 Issuance of bonds payable solely out of proceeds from assessments to
pay cost of improvements. Each such city shall also have the power to finance the construction
of public improvements in the police jurisdiction of such city by the issuance of its bonds
payable solely out of the proceeds from assessments then made or to be thereafter made against
the properties specially benefited by such improvements. Any such bonds shall not be general
obligations of such city, and such city shall not be in any way liable to the holders of such
bonds in the event of the failure to collect any of the assessments out of the proceeds from
which such securities may be payable. Any such bonds shall pledge, convey and transfer to
the holders thereof all of the issuing city's right, title and interest in and to such assessments
and the city's liens securing such assessments, together with the right to enforce the collection
of such assessments by foreclosure of such liens in any court of...
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22-3A-7
Section 22-3A-7 Powers of authority. The authority shall have the following powers among
others specified in this chapter: (1) To have succession by its corporate name until dissolved
as provided in this chapter; (2) To sue and be sued and to prosecute and defend, at law or
in equity, in any court having jurisdiction of the subject matter and of the parties thereto;
(3) To have and to use a corporate seal and to alter the same at pleasure; (4) To make and
alter all needful bylaws, rules and regulations for the transaction of the authority's business
and the control of its property and affairs; (5) To provide for the acquisition, construction,
installation, equipping, operation and maintenance of public health facilities, including
the equipping and improvement of existing public health facilities, and to vest title to such
facilities or to cause or permit title to such facilities to be vested in the authority, the
State Board of Health or county board(s) of health, as the directors...
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41-10-102
Section 41-10-102 Remedies upon default on bonds, etc. (a) Remedies upon default on
bonds or indenture. If there shall be any default in the payment of the principal of or interest
on any of the bonds issued under this article, or in the performance of any provisions of
the indenture or proceedings authorizing the issuance of such bonds, then the holder of any
of the bonds and the interest coupons applicable thereto and the trustee under such indenture
or any one or more of them shall have and may exercise any one or more of the following remedies:
(1) They may by civil action, mandamus, injunction or other proceeding compel the performance
of all duties of the officers and directors of the corporation with respect to the use of
funds for the payment of the bonds and for the performance of the bonds and the agreements
of the corporation contained in the bonds, the indenture or in the proceedings under which
they were issued; (2) They may institute a civil action and shall be entitled...
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41-10-356
Section 41-10-356 Powers of authority. The authority shall have the following powers
among others specified in this article: (1) To have succession by its corporate name until
dissolved as provided in this article; (2) To sue and be sued and to prosecute and defend,
at law or in equity, in any court having jurisdiction of the subject matter and of the parties
thereto; (3) To have and to use a corporate seal and to alter the same at pleasure; (4) To
make and alter all needful bylaws, rules and regulations for the transaction of the authority's
business and the control of its property and affairs; (5) To provide for the acquisition,
construction, installation, equipping, operation and maintenance of mental health facilities,
including the equipping and improvement of existing mental health facilities; (6) To receive,
take and hold by sale, gift, lease, devise or otherwise, real and personal property of every
description, and to manage the same; (7) To acquire by purchase, gift, or any...
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45-39-92.53
Section 45-39-92.53 Abolition of corporation upon payment in full of securities; disposition
of proceeds. (a) When the original securities secured by a pledge of the taxes authorized
in this subpart, including refunding securities hereafter issued to refund the original securities,
for the Shoals Economic Development Project have been paid in full, the local public corporation
is abolished. Securities for which an irrevocable trust fund consisting of cash or direct
general obligations of the United States of America, or both, is established for retirement
of all of the principal of or interest on any outstanding security, shall be deemed paid in
full for the purposes of this subpart. (b) Notwithstanding any other provision of this subpart,
the local public corporation may not increase any outstanding debt or debt obligations or
create additional debts relating to the original bond balance owed as of May 12, 2005. (c)
(1) Upon abolishment of the local public corporation, the proceeds of...
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11-54-54
Section 11-54-54 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
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 bonds are issued. Bonds and interest coupons issued under the authority of this article
shall never constitute an indebtedness of the municipality within the meaning of any state
constitutional provision or statutory limitation and shall never constitute nor give rise
to a pecuniary liability of the municipality or a charge against its general credit or taxing
powers, and such fact shall be plainly stated in the face of each such bond. Such bonds may
be executed and delivered at any time and from time to time, may be in such form and denominations,
may be of such tenor, may be in registered or bearer form either as to principal...
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11-92B-12
Section 11-92B-12 Bonds of the authority. (a) Bonds of an authority shall be signed
by the chair or vice chair and attested to by the secretary or assistant secretary. The seal
of an authority shall be affixed thereto. A facsimile of the signature of the officers may
be printed or otherwise reproduced on any such bonds in lieu of being manually subscribed
thereon, and a facsimile of the seal of an authority may be printed or otherwise produced
on any such bonds in lieu of being manually affixed thereto, provided that the bonds have
been manually authenticated by a transfer agent of the bonds issued. Delivery of the bonds
so executed shall be valid notwithstanding any subsequent changes in officers or in the seal
of an authority. (b) Bonds may be executed and delivered by an authority at any time. The
bonds shall be in such form and denominations and of such tenor and maturities, shall bear
such rate or rates of interest or no interest, shall be payable at such times, and shall be...

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