Section 39-7-6 – Publication of Notice of Filing of Petition and of Question to Be Submitted to Voters at Election.
Section 39-7-6 Publication of notice of filing of petition and of question to be submitted to voters at election. The clerk or probate judge shall give notice of the submission of the question by causing notice of the filing of the petition and the question to be submitted to be published at least once on […]
Section 39-7-22 – Powers Generally; Consent of Department of Finance Required for Issuance or Sale of Bonds or Other Evidence of Indebtedness by Authority.
Section 39-7-22 Powers generally; consent of Department of Finance required for issuance or sale of bonds or other evidence of indebtedness by authority. (a) Subject only to the Constitution of the State of Alabama, each authority incorporated under this chapter shall have power: (1) To sue and be sued; (2) To have a seal and […]
Section 39-7-7 – Submission of Question Proposed by Petition to Voters at General Election.
Section 39-7-7 Submission of question proposed by petition to voters at general election. If the petition shall have been filed with the clerk or probate judge or, in case a summary proceeding has been instituted, a final order thereon has been made in favor of the sufficiency of the petition not more than 60 days […]
Section 39-7-23 – Authorization for Issuance of Bonds by Authority; Terms, Denominations, Sale, Redemption, etc., of Bonds; Issuance of Interim Receipts, Certificates, Etc.
Section 39-7-23 Authorization for issuance of bonds by authority; terms, denominations, sale, redemption, etc., of bonds; issuance of interim receipts, certificates, etc. Bonds of an authority shall be authorized by resolution of the board of trustees of such authority and may be issued in one or more series, may bear such date or dates, mature […]
Section 39-7-8 – Holding of Special Election for Submission of Question to Voters; Provisions of Law Governing Conduct of Such Elections; Payment of Expenses of Elections.
Section 39-7-8 Holding of special election for submission of question to voters; provisions of law governing conduct of such elections; payment of expenses of elections. If a petition shall not have been filed or, in case a summary proceeding has been instituted, a final order thereon has not been made in favor of the sufficiency […]
Section 39-7-24 – Liability on Bonds and Other Obligations of Authority.
Section 39-7-24 Liability on bonds and other obligations of authority. The bonds and other obligations of an authority incorporated under this chapter shall not be a debt of the State of Alabama nor a debt of the municipality and neither the state nor the municipality shall be liable in any way whatsoever thereon nor may […]
Section 39-7-9 – Contents and Form of Election Ballot.
Section 39-7-9 Contents and form of election ballot. The question set forth in the petition shall be printed on the ballot. At the left of the question there shall be printed two voting squares, with the word “Yes” for voting for the question at the right of one square and the word “No” for voting […]
Section 39-7-25 – Rights and Remedies of Bondholders.
Section 39-7-25 Rights and remedies of bondholders. In addition to all other rights and all other remedies any holder or holders of any bond or bonds of any authority incorporated under this chapter, including a trustee for bondholders, shall have, subject to any contractual limitations binding upon such bondholder or holders or trustee, and subject […]
Section 39-7-10 – Adoption of Resolution Setting Forth Question Submitted and Votes Cast; Declaration of Incorporation of Improvement Authority.
Section 39-7-10 Adoption of resolution setting forth question submitted and votes cast; declaration of incorporation of improvement authority. At the regular meeting of the governing body of the municipality next succeeding the completion of the canvass and the statement and proclamation of result, such governing body shall adopt a resolution setting forth the question submitted […]
Section 39-7-26 – Pledge as to Alteration, Impairment, etc., of Certain Rights and Powers of Authorities and Rights and Remedies of Bondholders by State.
Section 39-7-26 Pledge as to alteration, impairment, etc., of certain rights and powers of authorities and rights and remedies of bondholders by state. The State of Alabama does hereby pledge to and agree with the holders of bonds issued by an authority pursuant to this chapter that the state will not limit or alter the […]