reglab/housing_qa huggingface dataset:
AL Code § 11-81-114 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.|Section 11-81-114 - Maintenance and Disposition of Sinking Fund Account for Bond Issues; Enforcement of Maintenance of Accounts, Payment of Bonds, etc.; Disposition of Assessments Securing Bonds in Certain Cities.

Section 11-81-114Maintenance and disposition of sinking fund account for bond issues; enforcement of maintenance of accounts, payment of bonds, etc.; disposition of assessments securing bonds in certain cities. (a) The official charged with the duty of collecting assessments shall keep all sinking funds in some bank or banks paying interest on time deposits to be designated by the governing body of said municipality and shall provide and keep a separate sinking fund account for each bond issue. If said officer shall fail to provide and keep said separate sinking fund account for each such bond issue in said bank or banks or shall divert any of such funds to other uses or shall fail to pay any bond or bonds or the interest thereon properly payable from said funds when available, any taxpayer of the issuing municipality or any holder of bonds of the series affected by such diversion or failure, whether of bonds heretofore issued or to be hereafter issued, shall have the right to apply for a writ of mandamus requiring said official to take such action to any court of competent jurisdiction, and said court shall, on proof, issue and enforce said writ. (b) Anything in subsection (a) of this section to the contrary notwithstanding, the official charged with the duty of collecting assessments in or for any city having a population of more than 250,000 inhabitants according to the most recent federal census may deposit in a single bank account all collections of assessments securing bonds for the payment of which the general credit or taxing power of such city is also pledged, whether such assessments secure bonds of one issue or series or bonds of several issues or series, but separate accounts shall be kept on the record of such city or the collections and disbursements from the assessments for each issue. (Acts 1927, No. 478, p. 534; Code 1940, T. 37, §302; Acts 1953, No. 683, p. 936.)
AL Code § 11-81-115 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.|Section 11-81-115 - Bond of Officer Charged With Collection of Assessments; Liability of Officer and Members of Governing Body for Diversion, Misappropriation, etc., of Funds.

Section 11-81-115Bond of officer charged with collection of assessments; liability of officer and members of governing body for diversion, misappropriation, etc., of funds. (a) The official charged with the duty of collecting assessments shall be required to give bond, including the amount of any official bond which may have been required of him by law, equal to not less than five percent of the total amount in said sinking funds provided for in Section 11-81-114, and said bonds shall be increased and may be diminished from time to time in order to comply with this provision. The cost of said increased bond shall be paid by the municipality. Said official shall be liable on his official bond to any holder of the bonds authorized to be issued under this division for any loss or injury to such holder caused by the diversion by said officer of any fund or part thereof to the payment of any bonds or coupons or indebtedness of the municipality other than the bonds and interest coupons entitled and indebtedness authorized in this division to be paid out of said fund or by the use or misappropriation by said officer of any part of the funds out of which said bonds required and contemplated in this division to be paid for any other purpose than provided for in this division or for the benefit of the municipality or others. (b) All members of the governing body or bodies of the municipality who shall, by their vote or in any other manner, cause, aid or encourage any such diversion, use or misappropriation of the funds out of which the bondholders are entitled to be paid for any other purposes than that authorized and required in this division, whereby loss or injury to the bondholders or any of them is caused, shall be jointly and severally liable to such bondholders injured to the extent of such loss or injury. (c) Any failure by any of the officials designated in subsections (a) and (b) of this section to keep all funds collected from assessments in separate sinking funds in the bank or banks as provided in this division or to retire bonds when due out of such funds when available shall be construed as a diversion or misappropriation and any bondholder of a bond in the series affected may, at any time, institute a civil action against said official or officials in any court of competent jurisdiction for the satisfaction of such loss and injury. (Acts 1927, No. 478, p. 534; Code, 1940, T. 37, §303.)
AL Code § 11-81-116 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.|Section 11-81-116 - Redemption of Bonds.

Section 11-81-116Redemption of bonds. At any time when the amount of any particular fund shall, with its accumulations, equal the amount of any one of the outstanding bonds and accrued interest entitled to payment out of such fund, the governing body of such municipality shall have authority to redeem any and all such bonds that may be presented for redemption at such times thereafter as the holders thereof may desire to present the same for redemption. (Acts 1927, No. 478, p. 534; Code 1940, T. 37, §304.)
AL Code § 11-81-117 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.|Section 11-81-117 - Refunding of Excess Assessments - Authority and Procedure Generally.

Section 11-81-117Refunding of excess assessments - Authority and procedure generally. In the event the amount collected from the assessment under any improvement ordinance shall exceed the total cost and expense of the improvement, there shall be refunded to each of the parties affected by said assessment a proportionate amount of the excess upon demand made therefor by said parties within 12 months after maturity or payment of the bonds authorized by this division. (Acts 1927, No. 478, p. 534; Code 1940, T. 37, §305.)
AL Code § 11-81-118 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.|Section 11-81-118 - Refunding of Excess Assessments - Limitation Period for Presentation of Claims; Disposition of Amounts Not Refunded.

Section 11-81-118Refunding of excess assessments - Limitation period for presentation of claims; disposition of amounts not refunded. If such claims are not presented within 12 months from the date of the maturity or payment of the bonds, they shall be forever barred, and such amount shall be converted to the general revenue fund of the municipality. (Acts 1927, No. 478, p. 534; Code 1940, T. 37, §306.)
AL Code § 11-81-119 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.|Section 11-81-119 - Settlement, Adjustment or Refunding of Bonds.

Section 11-81-119Settlement, adjustment or refunding of bonds. The governing body of any municipality shall have the power to settle, adjust and refund any bonds of such city heretofore or hereafter issued to provide the cost of street, sidewalk or sewer improvements whereof the cost in whole or in part was assessed against the property abutting said improvements, whether such bonds have already become due and payable or are about to become due and payable or are callable according to their terms, and the said governing body deems it to the best interest of the city to call said bonds and raise funds for the payment thereof by the sale of bonds as authorized in this division; provided, however, that all sums derived from the payment of assessments and being in the hands of the city at the time of such refunding shall be first applied to the payment of the outstanding bonds, and refunding bonds shall be issued only in such amount as shall be necessary to raise the difference between the amount required for the payment of the outstanding bonds and the amount held for the payment thereof. (Acts 1935, No. 296, p. 719; Code 1940, T. 37, §295.)
AL Code § 11-81-120 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.|Section 11-81-120 - Sale or Issuance to Custodian of Special Fund, etc., of Refunding Bonds.

Section 11-81-120Sale or issuance to custodian of special fund, etc., of refunding bonds. Where the municipality has used any part of its waterworks fund or other special fund of like character for the purpose of taking up at maturity bonds or coupons representing a portion of the principal of bonds which had heretofore been issued for public improvements and which had fallen due, the provisions of Section 11-81-119 shall be construed to permit either the issuance of refunding bonds to the city or town treasurer as custodian of such fund or the sale of such bonds for the purpose of replacing in such fund all moneys of such fund so used. (Acts 1935, No. 296, p. 719; Code 1940, T. 37, §296.)
AL Code § 11-81-121 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.|Section 11-81-121 - Consolidation of Separate Outstanding Issues for Issuance of Refunding Bonds.

Section 11-81-121Consolidation of separate outstanding issues for issuance of refunding bonds. In exercising the powers conferred by Sections 11-81-119 and 11-81-120, it shall not be necessary to make a separate issue of refunding bonds with respect to each outstanding issue, but two or more of such outstanding issues or portions thereof may be grouped together in a single refunding issue, in which event all assessments thereafter collected with respect to any of the improvements financed by the separate issues or the proper proportionate part thereof shall be applicable to the payment of such refunding bonds. (Acts 1935, No. 296, p. 719; Code 1940, T. 37, §297.)
AL Code § 11-81-122 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.|Section 11-81-122 - Maintenance and Disposition of Sinking Fund Accounts for Refunding Bond Issues.

Section 11-81-122Maintenance and disposition of sinking fund accounts for refunding bond issues. A separate sinking fund account shall be provided and kept for each refunding bond issue authorized under the provisions of Sections 11-81-119 through 11-81-121 to which shall be credited all collections made on assessments levied with respect to the improvements financed by the original issues of bonds or the proper proportionate part thereof, and such sinking fund shall be used only for the purpose of paying interest and principal on such bonds in that particular group or series as they mature. (Acts 1935, No. 296, p. 719; Code 1940, T. 37, §298.)
AL Code § 11-81-123 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.|Section 11-81-123 - Liability, etc., Upon Bonds, etc., When Municipalities Consolidated.

Section 11-81-123Liability, etc., upon bonds, etc., when municipalities consolidated. When any two or more municipalities are consolidated by special act or under the general law, all assessment bonds upon property for improvements or obligations issued by such municipalities shall be the primary obligation of the municipality which continues its existence, which municipality may make all assessments and do any and all acts necessary to complete the improvements or contracts made by the municipality absorbed and shall issue its bonds for said improvements when completed as was authorized by the municipality absorbed, and such municipality shall assume and be subject to all liabilities and rights of action of such absorbed municipality. (Acts 1927, No. 478, p. 534; Code 1940, T. 37, §307.)
AL Code § 11-81-140 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 2 - Bonds for Certain Revenue-Producing Undertakings.|Section 11-81-140 - Definitions.

Section 11-81-140Definitions. When used in this division, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) UNDERTAKING. Such term shall include all of the following revenue-producing undertakings or any combination of two or more of such undertakings, whether now existing or hereafter acquired or constructed: a. Causeways, tunnels, viaducts, bridges and other crossings, highways, parks, parkways, airports, docks, piers, wharves, seaport or river terminals, hospitals, public markets, tennis courts, swimming pools, golf courses, stadiums, armories, auditoriums and other public buildings of all kinds, incinerator plants and systems in connection with the generation, production, transmission and distribution of electric energy for lighting, heating and power for public and private uses, together with all parts of any such undertaking and all appurtenances thereto, including lands, easements, rights-of-way, contract rights, franchises, approaches, connections, dams and reservoirs. b. Cold storage plants, cooling plants, sterilization plants, warehouses, granaries and any other plants, works, machinery or equipment useful for the preservation or preparation of agricultural products for market or use and for the conversion of agricultural products into usable and marketable condition and for the conversion of the same into usable and marketable products. (2) MUNICIPALITY. Such term shall include any incorporated city or town in the state. (3) GOVERNING BODY. The board or body in which the general legislative powers of a municipality or county are vested; provided, that this division shall not authorize any county, city or town to construct an undertaking provided for in paragraph (1) a of this section in any city or town or in any portion of a county which is then adequately served by a like undertaking or undertaking performing the proposed service; provided further, that nothing contained in this division shall authorize the construction or operation of an undertaking for the purpose of manufacturing ice for sale at retail or for retail to the public. (Acts 1935, No. 154, p. 195; Code 1940, T. 37, §341.)
AL Code § 11-81-142 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 2 - Bonds for Certain Revenue-Producing Undertakings.|Section 11-81-142 - Authorization of Acquisition, Construction, etc., of Undertaking Taking and Issuance of Bonds in Anticipation of Revenues.

Section 11-81-142Authorization of acquisition, construction, etc., of undertaking taking and issuance of bonds in anticipation of revenues. The acquisition, construction, reconstruction, improvement, betterment or extension of any undertaking may be authorized under this division; and, in anticipation of the revenues to be derived from such undertaking, bonds may be authorized to be issued under this division to provide funds for such purpose or purposes by resolution or resolutions of the governing body, which may be adopted at a regular or special meeting and at the same meeting at which they are introduced by a majority of the members of the governing body present at such meetings if a quorum is present. (Acts 1935, No. 154, p. 195; Code 1940, T. 37, §343.)
AL Code § 11-81-143 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 2 - Bonds for Certain Revenue-Producing Undertakings.|Section 11-81-143 - Covenants in Bond Authorization Resolutions; Enforcement of Provisions of Division and Bond Resolutions.

Section 11-81-143Covenants in bond authorization resolutions; enforcement of provisions of division and bond resolutions. (a) Any resolution or resolutions authorizing the issuance of revenue anticipation bonds under this division may contain covenants as to the purpose or purposes to which the proceeds of sale of said bonds may be applied and to the use and disposition thereof, the use and disposition of the revenue of the undertaking in anticipation of which said bonds are to be issued, including the creation and maintenance of reserves, the issuance of other or additional bonds payable from the revenue of said undertaking to pay from the general funds of the municipality or county to the account or accounts of the undertaking the reasonable value for furnishing the municipality or county or any of its departments with the services, facilities and commodities of said undertaking, the operation and maintenance of such undertaking, the insurance to be carried thereon and the use and disposition of insurance moneys, books of account and the inspection and audit thereof and the terms and conditions upon which the holders of the revenue anticipation bonds authorized to be issued under this division by said resolution or resolutions or any proportion of them or any trustee therefor shall be entitled to the appointment of a receiver, which receiver may enter and take possession of such undertaking, operate and maintain the same, prescribe rates, fees, tolls or charges and collect, receive and apply all revenue thereafter arising therefrom in the same manner as the municipality or county itself might do. (b) The provisions of this division and of any such resolution or resolutions shall be a contract with every holder of said bonds, and the duties of the municipality or county and the governing body and the officers of the municipality or county under this division and under any such resolution or resolutions shall be enforceable by any bondholder by mandamus or other appropriate civil action or proceeding. The circuit court shall have jurisdiction of any civil action or proceeding by any bondholder or bondholders or trustee therefor. (Acts 1935, No. 154, p. 195; Code 1940, T. 37, §345.)
AL Code § 11-81-145 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 2 - Bonds for Certain Revenue-Producing Undertakings.|Section 11-81-145 - Evidence of Validity of Bonds.

Section 11-81-145Evidence of validity of bonds. Any resolution or resolutions authorizing said bonds may provide that the bonds shall contain a recital that they are issued pursuant to this division, which recital shall be conclusive evidence of their validity and of the regularity of their issuance. (Acts 1935, No. 154, p. 195; Code 1940, T. 37, §346.)
AL Code § 11-81-146 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 2 - Bonds for Certain Revenue-Producing Undertakings.|Section 11-81-146 - Lien of Bonds.

Section 11-81-146Lien of bonds. All revenue anticipation bonds of the same series issued under this division shall, subject to prior and superior rights, have a prior and paramount lien on the revenue of the undertaking in anticipation of which said bonds have been issued over and ahead of all bonds payable from said revenue which may be subsequently issued and over and ahead of any claims of obligations against said revenue subsequently incurred. All bonds of the same series shall be equally and ratably secured without priority or preference by reason of number or date of the bonds, of sale, of execution or of delivery by a lien on said revenue in accordance with the provisions of this division, and the resolution or resolutions authorizing said bonds. (Acts 1935, No. 154, p. 195; Code 1940, T. 37, §347.)
AL Code § 11-81-147 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 3 - Provisions Applicable to Counties and Municipal Corporations.|Chapter 81 - Municipal and County Bonds.|Article 4 - Public Improvement Bonds.|Division 2 - Bonds for Certain Revenue-Producing Undertakings.|Section 11-81-147 - Liability of Municipalities or Counties on Bonds.

Section 11-81-147Liability of municipalities or counties on bonds. Revenue anticipation bonds issued under this division shall not be a debt of the municipality or county within the meaning of the Constitution, and the municipality or county shall not be liable thereon nor shall they be payable out of any funds other than the revenue obtained therefrom, anything contained in this division to the contrary notwithstanding, and every bond issued under this division shall contain a recital to that effect. (Acts 1935, No. 154, p. 195; Code 1940, T. 37, §348.)