Sale and Issuance of Bonds by Public Corporations Operating Water Systems.

  1. Law
  2. Code of Alabama
  3. Counties and Municipal Corporations.
  4. Provisions Applicable to Counties and Municipal Corporations.
  5. Sale and Issuance of Bonds by Public Corporations Operating Water Systems.

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Section
11-89B-1

Public Corporation Given Power to Sell and Issue Bonds, to Pledge for Payment Proceeds, Revenues, etc., and to Issue Bonds or Notes for Temporary Borrowing.

Section
11-89B-2

Form, Terms, Denominations, Etc. of Bonds; Execution and Delivery; Interest; Sale; Issuance of Refunding Bonds; Liability on Bonds; Source of Payment; Use of Proceeds; Mortgage, Deed of Trust, etc., Containing Certain Agreements.

Section
11-89B-3

Contracts as Security for Payment of Principal and Interest on Bonds.

Section
11-89B-4

Resolution of Board of Directors, etc., or Trust Indenture Containing Provisions Creating Statutory Mortgage Lien.

Section
11-89B-5

Use of Moneys Derived From Sale of Bonds.

Section
11-89B-6

Investment of Bond Proceeds.

Section
11-89B-7

Law Not to Repeal Existing Law; Construction.