39-7-22
Section 39-7-22 Powers generally; consent of Department of Finance required for issuance or sale of bonds or other evidence of indebtedness by authority. (a) Subject only to the Constitution of the State of Alabama, each authority incorporated under this chapter shall have power: (1) To sue and be sued; (2) To have a seal and alter the same at pleasure; (3) To acquire, by purchase, gift, devise, lease or exercise of the power of eminent domain or other mode of acquisition, hold and dispose of property real and personal, tangible and intangible, and interests therein in its own name, subject to mortgages or other liens or otherwise, and to pay therefor in cash or on credit and to secure and procure payment of all or any part of the purchase price thereof on such terms and conditions as it shall determine; (4) To make and enter into contracts, indentures of trust, leases and bonds; (5) To borrow money and to issue negotiable bonds and provide for the rights of the holders thereof; (6) To...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-7-22.htm - 4K - Match Info - Similar pages
45-37-90.05
Section 45-37-90.05 Civic Center Authority - Location; powers; development plan; investment of funds. (a) The authority shall be authorized to construct, maintain, control, operate, and manage a civic center in the county seat within the following described area: Beginning at the intersection of Thirteenth Avenue North and Twenty-sixth Street North (Carraway Boulevard); thence Southerly along Twenty-sixth Street North (Carraway Boulevard) to the Connector Road; thence Southerly along the Connector Road to Twenty-sixth Street North; thence Southerly along Twenty-sixth Street North to Eighth Avenue North (Reverend Abraham Woods Jr. Boulevard); thence Westerly along Eighth Avenue North (Reverend Abraham Woods Jr. Boulevard) to Twenty-third Street North; thence Northerly along Twenty-third Street North to the Southerly Right of Way of Interstate 59/20; thence Westerly along the Southerly Right of Way of Interstate 59/20 to Fifteenth Street North; thence Northerly along Fifteenth Street...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-90.05.htm - 10K - Match Info - Similar pages
19-3B-816
Section 19-3B-816 Specific powers of trustee. (a) Without limiting the authority conferred by Section 19-3B-815, a trustee may: (1) collect trust property and accept or reject additions to the trust property from a settlor or any other person, including, but not being limited to, the authority to receive, collect, hold, and retain common or preferred stock or other interests in the trustee or any related party; (2) acquire or sell property, for cash or on credit, at public or private sale; (3) exchange, partition, or otherwise change the character of trust property; (4) deposit trust money in an account in a regulated financial-service institution; (5) borrow money, with or without security, and mortgage or pledge trust property for a period within or extending beyond the duration of the trust; (6) with respect to an interest in a proprietorship, partnership, limited liability company, business trust, corporation, or other form of business or enterprise, continue the business or other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3B-816.htm - 10K - Match Info - Similar pages
39-2-12
Section 39-2-12 Partial and final payments of contractors by awarding authorities. (a) As used in this section the following words shall have the meanings ascribed to them as follows: (1) CONTRACTOR. Any natural person, partnership, company, firm, corporation, association, limited liability company, cooperative, or other legal entity licensed by the Alabama State Licensing Board for General Contractors. (2) NONRESIDENT CONTRACTOR. A contractor which is neither a. organized and existing under the laws of the State of Alabama, nor b. maintains its principal place of business in the State of Alabama. A nonresident contractor which has maintained a permanent branch office within the State of Alabama for at least five continuous years shall not thereafter be deemed to be a nonresident contractor so long as the contractor continues to maintain a branch office within Alabama. (3) RETAINAGE. That money belonging to the contractor which has been retained by the awarding authority conditioned on...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-2-12.htm - 18K - Match Info - Similar pages
22-21-182
Section 22-21-182 Borrowing by corporation generally; debts not obligations of state, counties or municipalities; tax exemptions. (a) All securities of the corporation shall be signed in the name and behalf of the corporation by its chairman and attested by its secretary, but a facsimile of the signature of one, but not both, of such officers may be printed thereon in lieu of the manual signature of such officer, and the seal of the corporation shall be affixed thereto or a facsimile thereof printed thereon. Any interest coupons applicable to any securities of the corporation shall be signed by its chairman, but a facsimile of such chairman's signature may be printed on any such interest coupons in lieu of his manually signing the same. Any securities of the corporation may be executed and delivered by it at any time and from time to time, shall be in such form and denomination and of such tenor and maturity or maturities not exceeding 40 years from their date, shall contain such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-182.htm - 6K - Match Info - Similar pages
11-81A-3
Section 11-81A-3 Power and authority of municipalities, counties, and public corporations. Each municipality or county and each public corporation shall have the power and, when approved by its governing body, the authority, to do or perform any one or more of the following: (1) To anticipate the receipt of any grant either by loan or by assignment or both; to issue securities to evidence such loan or assignment; to make such securities the general obligation indebtedness of the issuer or the obligation of the issuer limited or restricted as to source of payment and security to all or a portion of the proceeds of the grant or to any revenue, receipts, or income or any special tax or license of the issuer, or any one or more thereof. (2) To pledge to the holders of any securities issued pursuant to this chapter the full faith and credit of the issuer and in addition to, or instead of such pledge, to pledge and grant a security interest in all or a portion of the proceeds of the grant or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81A-3.htm - 1K - Match Info - Similar pages
41-29-503
Section 41-29-503 Authorization to make grants of money. (a) The authority is hereby authorized to make grants of money derived from the sale of its bonds, to grantees for use by the grantees for any one or more of the following purposes: (1) The making of surveys to determine the location of suitable project sites in the locality of the grantee. (2) The making of surveys to determine the availability of labor in the locality of the grantee and to classify such labor in terms of skills and educational level. (3) The preparation of project sites. (4) Any combination of any of the foregoing which the grantees consider appropriate and necessary for the promotion of industrial development in their respective localities. (b) Provided, however, that 20 percent of the grant funds shall be expended specifically in rural areas of the state and/or areas with high unemployment and low personal income levels. The Director of the State Industrial Development Authority shall report annually to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-29-503.htm - 4K - Match Info - Similar pages
11-62-16
Section 11-62-16 Loans, sales, grants, etc., of money, property, etc., to authority by counties, municipalities, public corporations, etc. For the purpose of attaining the objectives of this chapter, any county, municipality, or other political subdivision, public corporation, agency, or instrumentality of the state may, upon such terms and with or without consideration, as it may determine, do any or all of the following: (1) Lend or donate money to any authority or perform services for the benefit thereof; (2) Donate, sell, convey, transfer, lease, or grant to any authority, without the necessity of authorization at any election of qualified voters, any property of any kind; and (3) Do any and all things, whether or not specifically authorized in this section, not otherwise prohibited by law, that are necessary or convenient to aid and cooperate with any authority in attaining the objectives of this chapter. (Acts 1979, No. 79-332, p. 506, ยง18.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-16.htm - 1K - Match Info - Similar pages
11-54A-22
Section 11-54A-22 Loans, sales, grants, etc., of money, property, etc., to authority by counties, municipalities, etc. For the purpose of effecting the revitalization and redevelopment of the central business district of the city, any county, municipality, or other political subdivision, public corporation, agency, or instrumentality of this state may, upon such terms and with or without consideration, as it may determine: (1) Lend or donate money to or perform services for the benefit of the authority; (2) Donate, sell, convey, transfer, lease, or grant to the authority, without the necessity of authorization at any election of qualified voters, any property of any kind, any interest therein, and any franchise; and (3) Do any and all things, whether or not specifically authorized in this chapter and not otherwise prohibited by law, that are necessary or convenient in connection with aiding and cooperating with the authority in its efforts to revitalize and redevelop the central...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-22.htm - 1K - Match Info - Similar pages
45-23A-91.22
Section 45-23A-91.22 Loans, sales, grants, etc., of money, property, etc., to authority by counties, municipalities, etc. For the purpose of effecting the revitalization and redevelopment of the central business district of the city, any county, municipality, or other political subdivision, public corporation, agency, or instrumentality of this state may, upon such terms and with or without consideration, as it may determine: (1) Lend or donate money to or perform services for the benefit of the authority. (2) Donate, sell, convey, transfer, lease, or grant to the authority, without the necessity of authorization at any election of qualified voters, any property of any kind, any interest therein and any franchise. (3) Do any and all things, whether or not specifically authorized in this article and not otherwise prohibited by law, that are necessary or convenient in connection with aiding and cooperating with the authority in its efforts to revitalize and redevelop the central business...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-23A-91.22.htm - 1K - Match Info - Similar pages
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