# Ala. Code § 11-81-1: 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

> Alabama · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-1

## Section

- **Citation:** Ala. Code § 11-81-1
- **Heading:** 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
- **Jurisdiction:** Alabama
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Alabama Code / Title 3 / Chapter 81 / Section 11-81-1

## Text

Any city or town of the State of Alabama that may hereafter construct or purchase school buildings, a waterworks plant, gas plant, electric light plant, or other light and power plant or extend or enlarge a waterworks plant or light and power plant then owned by such city or town, may, through its mayor and aldermen or other governing body execute a mortgage on the school buildings, the waterworks plant or light and power plant purchased or constructed by such city or town to secure the bonds and indebtedness and interest on such bonds and indebtedness created in the purchase, construction, extension or enlargement of such school buildings, waterworks plant or light and power plant, such mortgage to be signed by the mayor and countersigned by the clerk of said city or town or by such other person or persons as the mayor and aldermen or other governing body of such city or town may direct by appropriate resolution. If, in the judgment of said mayor and aldermen or other governing body of said city or town, it is desirable that such mortgage be executed before such school building or plant is constructed and if it is so executed for the purpose of providing money to construct such building or plant, the fact that such mortgage is executed before the construction of such building or plant shall not render such mortgage invalid.

## Nearby sections

- [Ala. Code § 11-81-1 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](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-1.md)
- [Ala. Code § 11-81-2 Section 11-81-2 Execution of Mortgages or Deeds of Trust Upon Property Acquired, Etc., with Proceeds of Bond Issues; Recordation of Same](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-2.md)
- [Ala. Code § 11-81-3 Section 11-81-3 Issuance of Refunding or Funding Bonds as to Adjustment, Etc., of Indebtedness](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-3.md)
- [Ala. Code § 11-81-4 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](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-4.md)
- [Ala. Code § 11-81-5 Section 11-81-5 Places of Payment](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-5.md)
- [Ala. Code § 11-81-6 Section 11-81-6 Maturity and Payment - Generally](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-6.md)
- [Ala. Code § 11-81-7 Section 11-81-7 Maturity and Payment - Bonds Issued and Sold in Series](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-7.md)
- [Ala. Code § 11-81-8 Section 11-81-8 Estimate as to Period of Usefulness of Improvement or Property for Which Bonds Issued](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-8.md)
- [Ala. Code § 11-81-9 Section 11-81-9 Form; Appointment of Registrar and Provision for Registration and Transfer](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-9.md)
- [Ala. Code § 11-81-10 Section 11-81-10 Sale Price](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-10.md)
- [Ala. Code § 11-81-11 Section 11-81-11 Sale](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-11.md)
- [Ala. Code § 11-81-12 Section 11-81-12 Determination of Highest Bidder](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-12.md)
- [Ala. Code § 11-81-13 Section 11-81-13 Disposition of Proceeds from Sale](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-13.md)
- [Ala. Code § 11-81-14 Section 11-81-14 Presumption as to Validity of Issuance, Sale, Etc.; Limitation Period for Actions to Contest Validity Thereof](https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T3_C81_S11-81-1. Check the current official text before relying on it. Not legal advice.