{"data":{"id":"us-al/ala.-code-11-50-151","jurisdiction":"us-al","citation":"Ala. Code § 11-50-151","heading":"Purchaser to Assume Payment of Existing Bonded Indebtedness Upon Plant.","body":"If there is any bonded indebtedness existing which was incurred in the purchase or construction of such electric plant, gas plant or waterworks plant and which is a lien upon the plant, the purchaser shall assume the payment of such bonded indebtedness.","path":["Title 11 Counties and Municipal Corporations.","Title 2 Provisions Applicable to Municipal Corporations Only.","Chapter 50 Public Utilities.","Article 4 Sale, Lease, Etc., of Electric, Gas or Waterworks Plants by Municipalities."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=11-50-151","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:51Z","sha256":"5f3d00d4bbf65fdc3e86878b0f3ad640bcfd3cc40a8723f8334f9a55fc9a1899","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-11-50-150","next":"us-al/ala.-code-11-50-170"},"notice":"GroundRules: Original legal text. Not legal advice."}