General Provisions.

  1. Law
  2. Code of Alabama
  3. Counties and Municipal Corporations.
  4. Provisions Applicable to Counties and Municipal Corporations.
  5. Municipal and County Bonds.
  6. General Provisions.

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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.

Section
11-81-2

Execution of Mortgages or Deeds of Trust Upon Property Acquired, etc., With Proceeds of Bond Issues; Recordation of Same.

Section
11-81-3

Issuance of Refunding or Funding Bonds as to Adjustment, etc., of Indebtedness.

Section
11-81-4

Issuance of Refunding Interest-Bearing Certificates of Indebtedness, Warrants or Notes by Municipalities; Pledge of Tax, Revenues, etc., for Payment of Principal and Interest on Same.

Section
11-81-5

Places of Payment.

Section
11-81-6

Maturity and Payment - Generally.

Section
11-81-7

Maturity and Payment - Bonds Issued and Sold in Series.

Section
11-81-8

Estimate as to Period of Usefulness of Improvement or Property for Which Bonds Issued.

Section
11-81-9

Form; Appointment of Registrar and Provision for Registration and Transfer.

Section
11-81-10

Sale Price.

Section
11-81-11

Sale.

Section
11-81-12

Determination of Highest Bidder.

Section
11-81-13

Disposition of Proceeds From Sale.

Section
11-81-14

Presumption as to Validity of Issuance, Sale, etc.; Limitation Period for Actions to Contest Validity Thereof.

Section
11-81-15

Levy, Collection and Disposition of Special Tax for Payment of Principal and Interest on Bonds and Sinking Fund Payments.

Section
11-81-16

Pledge of Revenues From Certain Taxes, Utilities, etc., for Payment of Principal and Interest on Bonds.

Section
11-81-17

Pledge of Revenues From Waterworks System to Secure Payment of Bonds.

Section
11-81-18

Pledge of Revenues From License, Privilege, or Excise Taxes for Payment of Principal and Interest on Bonds.

Section
11-81-19

Investment of Sinking Funds Generally; Reports as to Investment or Deposit of Sinking Funds; Contracts for Purchase of Savings Certificates.

Section
11-81-20

Investment of Funds Received to Credit of Sinking Fund.

Section
11-81-21

Investment of Funds Obligation in Which Sinking Funds May Be Invested.

Section
11-81-22

Sinking Fund Bonds - Issuance, Etc.

Section
11-81-23

Sinking Fund Bonds - Designation; Maturity and Interest; Disposition.

Section
11-81-24

Sinking Fund Bonds - Creation of Sinking Fund; Employment and Duties of Trustee of Sinking Fund.

Section
11-81-25

Sinking Fund Bonds - Powers of Trustee of Sinking Fund.

Section
11-81-26

Mandamus Proceedings.

Section
11-81-27

Mortgages of Public Property for Payment of Debts.

Section
11-81-28

Issuance, Sale, etc., of Negotiable Notes in Anticipation of Sale of Bonds.

Section
11-81-29

Bonds and Interest Coupons Exempt From Taxation.

Section
11-81-30

Irregularities in Proceedings for Issuance, etc., Not to Affect Validity of Bonds; Properties, etc., of Bonds.

Section
11-81-31

Ratification of Certain Irregular Elections for Issuance of Bonds.

Section
11-81-32

Issuance of Duplicates for Lost, Mutilated or Destroyed Bonds.

Section
11-81-33

Execution of Bonds, etc., With Engraved or Otherwise Reproduced Facsimile of Signature, Seal or Other Means of Authentication, Etc.