Code of Alabama

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11-55-3
Section 11-55-3 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc. All bonds issued by a municipality under authority of this chapter 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 authority of this chapter shall never constitute an
indebtedness of the municipality within the meaning of any state constitutional provisions
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 or...
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11-57-11
Section 11-57-11 Bonds - Authority for issuance; security for payment of principal and interest
generally; form, terms, denominations, etc.; sale, redemption, etc. The authority is empowered
at any time and from time to time to sell and issue its revenue bonds for the purpose of providing
funds to acquire, construct, improve, enlarge, complete and equip one or more projects and
for payment of obligations incurred for any such purpose. The principal of and interest on
any such bonds shall be payable solely out of the revenues derived from the project with respect
to which such bonds were issued. Any bonds of the authority may be delivered by it at any
time and from time to time, shall be in such form and denominations and of such tenor and
maturities, shall bear such rate or rates of interest, payable and evidenced in such manner,
may contain provisions for redemption prior to maturity and may contain other provisions not
inconsistent with this chapter as may be provided by the...
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7-9A-624
Section 7-9A-624 Waiver. (a) Waiver of disposition notification. A debtor or secondary obligor
may waive the right to notification of disposition of collateral under Section 7-9A-611 only
by an agreement to that effect entered into and authenticated after default. (b) Waiver of
mandatory disposition. A debtor may waive the right to require disposition of collateral under
Section 7-9A-620(e) only by an agreement to that effect entered into and authenticated after
default. (c) Waiver of redemption right. Except in a consumer-goods transaction, a debtor
or secondary obligor may waive the right to redeem collateral under Section 7-9A-623 only
by an agreement to that effect entered into and authenticated after default. (Act 2001-481,
p. 647, §1.)...
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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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11-50-95
Section 11-50-95 Redemption of property after sale. Such property may be redeemed by the owner
or his assigns or other person authorized to redeem property sold for taxes by the state within
two years from the date of the sale by paying to the purchaser or the city or town treasurer
for him the amount for which the property was sold with interest thereon at the rate of eight
percent per annum from the date of sale, together with a fee of $2.00 for the expense of the
conveyance. (Acts 1923, No. 165, p. 134; Code 1923, §2107; Acts 1932, Ex. Sess., No. 21,
p. 19; Code 1940, T. 37, §632.)...
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11-51-24
Section 11-51-24 Redemption of property after sale - Conveyance of property, etc., to redeemer.
Upon such tender by the person offering to redeem the property and the payment thereof to
the purchaser or the deposit of the sum due to the purchaser with the treasurer, the deed
executed by the register or clerk of the circuit court shall be void and, upon a refusal of
the purchaser or his vendee to reconvey to the party redeeming, the council or other governing
body may authorize a deed to be made to the party redeeming, which shall convey all title
the city or town or the purchaser derived at such tax sale, but the interest of the owner
of the property and the interest of the party redeeming shall be adjusted between the parties
as are other legal and equitable interests. (Code 1907, §1329; Code 1923, §2144; Code 1940,
T. 37, §690.)...
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11-56-10
Section 11-56-10 Bonds - Authority for issuance; security for payment of principal and interest
generally; form, terms, denominations, etc.; sale, redemption, etc. The corporation is authorized
at any time and from time to time to issue its interest-bearing revenue bonds for the purpose
of acquiring, constructing, improving, enlarging, completing and equipping one or more projects.
The principal of and the interest on any such bonds shall be payable solely out of the revenues
derived from the project with respect to which such bonds are issued. None of the bonds of
the corporation shall ever constitute an obligation or debt of the state, the county or the
municipality or a charge against the credit or taxing powers of the state, the county or the
municipality. Bonds of the corporation may be issued at any time and from time to time, may
be in such form and denominations, may be of such tenor, may be payable in such installments
and at such time or times, not exceeding 40 years from...
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5-19-20
Section 5-19-20 Insurance. (a) With respect to any consumer credit transaction, the creditor
shall not require any insurance other than insurance against loss of or damage to any property
in which the creditor is given a security interest and insurance insuring the lien of the
creditor on the property which is collateral for the transaction. (b) (1) Credit life and
disability and involuntary unemployment insurance may be offered and, if accepted, may be
provided by the creditor. The charge to the debtor for the insurance shall not exceed the
premium permitted for the coverages. Insurance with respect to any credit transaction shall
not exceed the approximate amount and term of the credit. (2) This subdivision (2) applies
to all consumer credit transactions entered into on or after June 19, 1996. If the consumer
credit transaction is scheduled to be repaid in substantially equal installments which include
a portion of the amount financed, the amount of credit life insurance at any time...
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11-40-67
Section 11-40-67 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2017 REGULAR SESSION,
EFFECTIVE MAY 16, 2017. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Redemption of property
prior to sale by payment of redemption amount. (a) At any point prior to the moment of the
sale, any interested party may redeem the real property from the sale by payment of the redemption
amount. Payment shall be made to the Class 2 municipality. Following receipt of the payment,
the Class 2 municipality shall file for dismissal of the proceedings. (b) In the event of
the payment by the owner of the real property, the proceedings shall be dismissed and the
rights and interests of all interested parties shall remain unaffected. (c) In the event of
payment by any interested party other than the owner, the party making the payment shall possess
a lien on the real property for the full amount of the payment, which lien shall have the
same priority as the municipal code lien discussed in subsection (b)...
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33-13-11
Section 33-13-11 Bonds - Refunding Bonds. The authority may from time to time sell and issue
refunding bonds for the purpose of refunding any matured or unmatured bonds then outstanding
that were originally issued under this chapter. To the extent they may be applicable, the
provisions of this chapter pertaining to the authorization, sale, execution, redemption, maximum
interest rate, maturities, issuance and other details of the bonds, shall apply to such refunding
bonds. The total principal amount of bonds that may be initially issued hereunder under the
provisions of the first sentence of Section 33-13-9 is hereby expressly limited to $45,000,000.00;
and the total amount of refunding bonds that may be issued hereunder is hereby expressly limited
to the principal amount of the bonds that are to be refunded by any such refunding bonds.
(Acts 1975, 2nd Ex. Sess., No. 78, p. 206, §11.)...
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