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45-28-150.01
Section 45-28-150.01 Definitions. As used in this article the following words shall have the
following meanings as ascribed herein, unless the context clearly indicates otherwise: (1)
BINGO. That game commonly known as bingo where numbers or symbols on a card or paper sheet
are matched with numbers or symbols selected at random. (2) BINGO SESSION. A consecutive period
of time not to exceed five consecutive hours during which bingo is played in a given day and
not to exceed two such days in a given week, except for special permit holders. (3) LOCATION.
A single building, hall, enclosure, or outdoor area used for the purpose of playing bingo
pursuant to a permit or license issued under this article. Bingo games shall be held only
on the premises wholly owned by a qualified permit holder with exception to a rental agreement
in accordance with this article. (4) PERMIT HOLDER. A qualified organization which has been
issued a permit or license pursuant to this article. (5) PERSON. Any human...
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10A-20-7.04
Section 10A-20-7.04 Powers of corporation. In furtherance of its purposes and in addition to
the powers now or hereafter conferred on business corporations by Alabama statutes, the corporation
shall, subject to the restrictions and limitations contained in this section, have the following
powers: (1) To elect, appoint, and employ officers, agents, and employees to make contracts
and incur liabilities for any of the purposes of the corporation; provided, that the corporation
shall not incur any secondary liability by way of guaranty or endorsement of the obligations
of any person, firm, corporation, joint stock company, association, or trust or in any other
manner. (2) To borrow money from its members and the small business administration and any
other similar federal agency for any of the purposes of the corporation, to issue therefor
its bonds, debentures, notes, or other evidences of indebtedness, whether secured or unsecured,
and to secure the same by mortgage, pledge, deed of...
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11-101A-14
Section 11-101A-14 Securities payable out of revenues from projects, properties, etc., indenture
may contain agreements; liens. (a) Securities issued by an authority shall not be general
obligations of the authority but shall be payable solely out of the revenues from any project
or other properties or assets, including, without limitation, proceeds from the securities,
investment income and insurance, and condemnation proceeds, owned by it, all as may be provided
or specified in the resolution of the board authorizing the securities or the indenture under
which issued. The principal of and interest, and premium, if any, on any securities issued
by the authority shall be secured by a pledge of the revenues out of which the same are payable
and may be secured by an indenture conveying as security for the securities all or any part
of its property, which indenture may be subject to foreclosure. (b) Any indenture executed
on behalf of the authority and any resolution of the board...
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11-50-314
Section 11-50-314 Powers of corporation generally; provisions in mortgages, deeds of trust,
or pledge agreements executed by corporation as to rights of parties thereto, etc. (a) Each
corporation formed or the certificate of incorporation of which is amended under this article
shall have the following powers together with all powers incidental thereto or necessary to
the discharge thereof in corporate form: (1) To have succession by its corporate name for
the duration of time (which may be in perpetuity) specified in its certificate of incorporation
or until dissolved as provided in this article; (2) To sue and be sued and to defend civil
actions against it; (3) To make use of a corporate seal and to alter the same at pleasure;
(4) To acquire, purchase, construct, operate, maintain, enlarge, extend, and improve any system
or systems, the operation of which is provided for in the certificate of incorporation of
such corporation or in any amendment thereto (whether or not such system or...
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11-50B-9
Section 11-50B-9 Funding. (a) In order to provide funds for payment of the costs of the acquisition,
establishment, purchase, construction, maintenance, enlargement, extension, lease, or improvement
of cable systems, telecommunications equipment, and telecommunications systems, public providers,
within the limitations applicable under the Constitution of Alabama of 1901, may become indebted
in an amount not to exceed the costs and the costs incurred in issuing the indebtedness and,
in evidence thereof, issue the public provider's bonds or other evidences of indebtedness,
as the case may be, in the manner, tenor, and form as may be otherwise provided by law, for
the issuance of the public provider's warrants, bonds, or other evidences of indebtedness
generally. The warrants, bonds, or other evidences of indebtedness issued pursuant to this
section shall be payable solely from the revenues derived or to be derived from the operation
of the systems or equipment and shall not have a...
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14-2-21
Section 14-2-21 Bonds - Security. The principal of, premium, if any, and interest on the bonds
of the authority shall be secured by any or all of the following, as the authority may determine:
(1) The rent and revenue for the use of one or more facilities of the authority; (2) The net
rent or sale proceeds from the Kilby property; (3) Any bond proceeds remaining unexpended
upon completion of all facilities to be constructed with such bond proceeds and the payment
of the cost thereof; (4) Any insurance proceeds which the authority may receive by reason
of its ownership of any of the facilities; and (5) Any mortgage upon or security interest
in one or more facilities of the authority, granted in connection with the issuance of such
bonds. The authority shall have authority to transfer and assign any lease of any of the facilities
and any lease or mortgage of the Kilby property as security for the payment of such principal,
premium, if any, and interest. The bonds may be issued under, and...
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2-6-107
Section 2-6-107 Lease of project. (a) Without limiting the generality of the powers otherwise
granted by this article, the corporation is authorized to lease the project, or portions thereof,
to the Alabama Agricultural Center Board or to any other public or private entity. The AACB
and any other agency, board, commission, bureau, or department of the state and each of them
are authorized to lease any facilities from the corporation. Any lease as described in this
section shall, however, be either of the following: (1) For a term no longer than the then
current fiscal year of the state, but any such lease may contain a grant to the lessee of
successive options of renewing the lease on the terms specified in the lease for any subsequent
fiscal year or years of the state; provided, that liability for the payment of rent shall
never be for a term longer than one fiscal year. (2) Provide that in no event rentals may
be paid from moneys appropriated by the state and that rentals shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-107.htm - 1K - Match Info - Similar pages
22-21-331
Section 22-21-331 Remedies for default in payment of securities or performance of lease agreement.
(a) If there should be any default in the payment of the principal of or interest on any securities
issued under this article, then the holder of any such securities and any coupons applicable
thereto (subject to any provision of the resolution or indenture under which such securities
were issued restricting the individual rights of action of any such holders or vesting such
rights exclusively in a trustee), and the trustee under any indenture, or any one or more
of them: (1) May, by mandamus, injunction or other proceedings, compel performance of all
duties of the directors and officers of the authority with respect to the use of funds for
the payment of such securities and for the performance of the agreements of the authority
contained in the proceedings under which they were issued; (2) Shall be entitled to a judgment
against the authority for the principal of and interest on the...
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34-27-81
Section 34-27-81 Definitions. As used in this article, the following words shall have the following
meanings: (1) AGENCY AGREEMENT. A written agreement between a broker and a client which creates
a fiduciary relationship between the broker and a principal, who is commonly referred to as
a client. (2) BROKER. Any person licensed as a real estate broker pursuant to Articles 1 and
2 of this chapter. (3) BROKERAGE AGREEMENT. A specific written agreement between a brokerage
firm and a consumer which establishes a brokerage relationship. The brokerage agreement shall
contain a statement of the terms and conditions of the brokerage services to be provided.
(4) BROKERAGE SERVICE. Any service, except for rental or property management services, provided
by a broker or licensee to another person and includes all activities for which a real estate
license is required under Articles 1 and 2 of this chapter. (5) CONSUMER. A person who obtains
information, advice, or services concerning real estate...
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43-2-843
Section 43-2-843 Transactions authorized for personal representatives; exceptions. Except as
restricted or otherwise provided by the will or by an order of court and subject to the priorities
stated in Section 43-8-76, a personal representative, acting prudently for the benefit of
the interested persons, may properly: (1) Retain assets owned by the decedent pending distribution
or liquidation including those in which the representative is personally interested or which
are otherwise improper for trust investment. (2) Receive assets from fiduciaries, or other
sources. (3) Perform, compromise, or refuse performance of the decedent's contracts that continue
as obligations of the estate, as the personal representative may determine under the circumstances.
In performing enforceable contracts by the decedent to convey or lease land, the personal
representative, among other possible courses of action, may do either of the following: a.
Execute and deliver a deed of conveyance for cash...
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