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11-61A-13
Section 11-61A-13 Bonds. (a) The authority may issue and sell its interest-bearing revenue
bonds for any corporate purpose at any time or times. The principal of and the interest on
the bonds shall be payable solely from, and may be secured by a pledge of, the revenues derived
by the authority from the operation of any or all of its parking facilities and other property,
or by mortgage of any property of the authority. The bonds issued or contracts entered by
the authority shall not constitute or create an obligation, debt, or charge against the credit
or taxing power of the state, any county, or municipality within the state. (b) The board
may provide for each of the following regarding the bonds: (1) Issuance time or times. (2)
Form and denominations. (3) Tenor. (4) Payment installments, which shall be at a time or times
not exceeding 40 years from their date. (5) Place or places of payment, whether within or
without the state. (6) Interest rate or rates payable and evidenced in a...
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22-23B-7
Section 22-23B-7 Purpose; issuing, selling and refunding of bonds. For the purpose of
providing funds for the authority to make loans to public bodies for a project or projects,
or for the payment of obligations incurred or temporary loans made for any of said purposes,
the authority is hereby authorized, from time to time, to issue and sell its bonds or other
evidences of indebtedness. Such bonds may be issued in one or more series; shall be in such
form and denominations and of such terms and maturities, not exceeding 30 years from the date
of issue of each series; shall bear such rate or rates of interest, payable and evidenced
in such manner; may contain such provisions for registration or for redemption prior to maturity;
and may contain such other provisions not inconsistent herewith, all as may be provided by
the authorizing resolution. As security for the payment of the principal of and interest on
its bonds, the authority is authorized to pledge, transfer and assign any...
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45-11-244.11
Section 45-11-244.11 Effective date; termination of levy of taxes. (a) If the governing
body of the county elects to levy and impose any of the taxes herein authorized to be levied
and imposed, it shall specify in the resolution levying and imposing such taxes the first
day of the second calendar month next following that during which such levy is made as the
effective date of such levy. Such resolution may provide such other terms or provisions relating
to the levy, collection, administration, and enforcement of such taxes as are not contrary
to or inconsistent with the provisions of this part. (b) The governing body of the county
may, at any time and from time to time after the levy of any of the taxes herein authorized,
but subject to succeeding provisions of this section, and subject to constitutional
limitations on the impairment of contracts, terminate any of the taxes herein authorized to
be levied by it. (c) No tax levied hereunder may be terminated by the county, as authorized...
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45-8-22
Section 45-8-22 Special licenses; additional taxes; maintenance of records. (a) It shall
be unlawful for any person, firm, or corporation, other than the state Alcoholic Beverage
Control Board, to sell at retail in Calhoun County any spirituous or vinous liquors without
first obtaining a special license from the judge of probate that shall be in addition to all
other licenses required by law. The amount of the special license shall be determined by the
county commission and shall be levied in the same manner as other county licenses are levied.
Licenses required by this subsection shall expire on September 30th following the date of
purchase. All proceeds from sales of the special licenses shall be placed in the general fund
of the county. (b) In addition to all other taxes levied on the possession for sale, or the
sale, of alcoholic beverages in Alabama, a tax is levied on the possession for sale, or the
sale of, spirituous or vinous beverages in Calhoun County in an amount set by the...
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45-8A-111.09
Section 45-8A-111.09 Bonds of authority. (a) Source of payment. All bonds issued by
the authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. The principal of and interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance, and insurance of...
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11-29-6
Section 11-29-6 Distribution of fund capital; purposes for which counties may use funds.
The fund capital shall be distributed to the several counties of the state and shall be paid
on April 15 of the fiscal year for which each annual appropriation is made as follows: Part
of the funds to be paid to counties that is equal to 45.45 percent of the total of such portion
shall be allocated equally among the 67 counties of the state; and the entire residue of the
portion to be paid to counties, being an amount equal to 54.55 percent of such portion, shall
be allocated among the 67 counties of the state on the basis of the ratio of the population
of each county to the total population of the state according to the then next preceding federal
decennial census or, prior to the effective date of the 1990 decennial census, any special
federal census held in any county subsequent to the effective date of the 1980 federal decennial
census and prior to the adoption hereof. Such funds shall only be...
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11-8A-1
Section 11-8A-1 Definitions. As used in this chapter, the following words shall have
the following meanings: (1) BOND FINANCING AGREEMENT. An agreement or other document relating
to the sale or issuance of bonds including, but not limited to, a bond purchase agreement,
a loan agreement, a refinancing agreement, or documents providing for bonds sold or issued
on a competitive sale basis. (2) BONDS. Bonds, bond anticipation notes, warrants, warrant
anticipation notes, or indebtedness issued or entered into on behalf of the county or by the
county commission for a term of at least three years or more. (3) BUSINESS DAY. A day, other
than a Saturday or a Sunday, on which commercial banking institutions are open for business
in the State of Alabama and a day on which the payment system of the Federal Reserve System
is operational. (4) CAPITAL EXPENDITURE. Any cost or expense of a type that is properly chargeable
to a capital account under general federal income tax principles. (5) GENERAL...
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16-17A-10
Section 16-17A-10 Indebtedness. (a) An authority from time to time may borrow money
or incur indebtedness and issue bonds, notes, or other evidence of indebtedness in such principal
amounts as the board determines by resolution to be necessary, desirable, and in the best
interests of the authority in order to provide funds to carry out its corporate powers. Indebtedness
may be incurred for any lawful purpose of the authority, including, without limitation, any
of the following: (1) Indebtedness to finance the acquisition or construction of health care
facilities. (2) Indebtedness to provide working capital or funds for operating expenses. (3)
Indebtedness to refund, extend, refinance, or restructure any indebtedness of the authority
or any indebtedness assumed or guaranteed by the authority. (b) Indebtedness may be any of
the following or any combination thereof: (1) A general obligation of the authority to the
payment of which its full faith and credit is pledged. (2) Payable solely...
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23-1-175
Section 23-1-175 Powers. The corporation shall have the following powers: (1) To have
succession by its corporate name without time limit; (2) To maintain actions and have actions
maintained against it and to prosecute and defend in any court having jurisdiction of the
subject matter and of the parties; (3) To have and to use a corporate seal and to alter the
same at pleasure; (4) To construct, reconstruct and relocate, or to cause to be constructed,
reconstructed and relocated, public roads and bridges, including work incidental or related
thereto in the State of Alabama; (5) To receive, take and hold by sale, gift, lease, devise
or otherwise real and personal estate of every description and to manage the same; (6) To
acquire by purchase, gift or the exercise of the power of eminent domain or any other lawful
means and to convey, or cause to be conveyed, to the State of Alabama any real, personal or
mixed property necessary or convenient in connection with the construction of public...
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45-23A-91.09
Section 45-23A-91.09 Bonds of authority. (a) Source of payment. All bonds issued by
the authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. (1) The principal of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
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