§ 11-61A-1 Declarations
§ 11-61A-2 Definitions
§ 11-61A-3 Application for permission to incorporate
§ 11-61A-4 Certificate of incorporation
§ 11-61A-5 Attachments to certificate
§ 11-61A-6 Changes and amendments
§ 11-61A-7 Board of directors
§ 11-61A-8 Officers
§ 11-61A-9 Powers
§ 11-61A-10 Operation of the facility
§ 11-61A-11 Funds
§ 11-61A-12 Permitted activities
§ 11-61A-13 Bonds
§ 11-61A-14 Signature on bonds
§ 11-61A-15 Issuance of bonds
§ 11-61A-16 Proceeds from sale of bonds
§ 11-61A-17 Refunding bonds
§ 11-61A-18 Tax exemption
§ 11-61A-19 Investment by governing body
§ 11-61A-20 Bonds deemed legal investment
§ 11-61A-21 Publication of notice
§ 11-61A-22 Advertising and award laws are applicable
§ 11-61A-23 Examination and audit of the records
§ 11-61A-24 Dissolution

Terms Used In Alabama Code > Title 11 > Subtitle 2 > Chapter 61A - Municipal Parking Authority

  • Amortization: Paying off a loan by regular installments.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.