{"data":{"id":"us-al/ala.-code-11-81-180","jurisdiction":"us-al","citation":"Ala. Code § 11-81-180","heading":"Appointment of Receiver Upon Default in Payment of Principal and Interest on Bonds; Powers of Receiver.","body":"If there shall be any default in the payment of the principal of or interest upon any bonds issued under this article, any court having jurisdiction in any proper civil action may appoint a receiver to administer and operate the system or systems out of the revenues from which such bonds are payable with power to fix and charge rates and collect revenues sufficient to provide for the payment of such bonds and any other obligations outstanding against said system or systems or the revenues therefrom and for the payment of the expenses of operating and maintaining such system or systems and with power to apply the income and revenues of said system or systems in conformity with this article and the authorizing proceedings and any trust indenture provided for therein.","path":["Title 11 Counties and Municipal Corporations.","Title 3 Provisions Applicable to Counties and Municipal Corporations.","Chapter 81 Municipal and County Bonds.","Article 5 Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=11-81-180","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"06567f24510b2b9cf8d5f3aeeaffdd0afe268498c6a36e4ee43c84d7e4376125","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-11-81-179","next":"us-al/ala.-code-11-81-181"},"notice":"GroundRules: Original legal text. Not legal advice."}