Alabama § 11-50-142 Passage of Resolution by Governing Body Providing for Sale, Lease, Etc

Alabama Statutes

§ 11-50-142 — Passage of Resolution by Governing Body Providing for Sale, Lease, Etc

Alabama § 11-50-142

Title 11Counties and Municipal Corporations

Ch. 50Public Utilities

Art. 4Sale, Lease, Etc., of Electric, Gas or Waterworks Plants by Municipalities

This text of Alabama § 11-50-142 (Passage of Resolution by Governing Body Providing for Sale, Lease, Etc) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 11-50-142 (2026).

Text

Before any sale, lease, or disposition of an electric light plant, gas plant, or waterworks plant of any city or town shall be made, the board of aldermen or other governing body shall pass a resolution declaring it to be, in the judgment of said board of aldermen or other governing body, to the best interests of the city or town that the electric plant, gas plant, or waterworks plant of such city or town shall be sold, leased, or disposed of and shall fix in said resolution the minimum price at which the sale, lease, or disposition should be had.

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Before any sale, lease, or disposition of an electric light plant, gas plant, or waterworks plant of any city or town shall be made, the board of aldermen or other governing body shall pass a resolution declaring it to be, in the judgment of said board of aldermen or other governing body, to the best interests of the city or town that the electric plant, gas plant, or waterworks plant of such city or town shall be sold, leased, or disposed of and shall fix in said resolution the minimum price at which the sale, lease, or disposition should be had.