45-23A-91.17
Section 45-23A-91.17 Freedom of authority from state supervision and control. This part is
intended to aid the state through the furtherance of the purposes of the part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be a prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such notice shall...
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45-35A-52.17
Section 45-35A-52.17 Freedom of authority from state supervision and control. (a) This part
is intended to aid the state through the furtherance of the purposes of this part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite
to the issuance of bonds by the authority. (b) The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such...
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45-41A-10.17
Section 45-41A-10.17 Freedom of the authority from state supervision and control. This part
is intended to aid the state through the furtherance of the purposes of the part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certification of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such notice...
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45-41A-40.17
Section 45-41A-40.17 Freedom of the authority from state supervision and control. This part
is intended to aid the state through the furtherance of the purposes of this part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be a prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such notice...
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45-8A-111.17
Section 45-8A-111.17 Freedom of authority from state supervision and control. This part is
intended to aid the state through the furtherance of the purposes of the part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be a prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such notice shall...
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45-8A-20.17
Section 45-8A-20.17 Freedom of authority from state supervision and control. This part is intended
to aid the state through the furtherance of the purposes of the part by providing an appropriate
and independent instrumentality of the state with full and adequate powers to fulfill its
functions. Except as expressly provided in this part, no proceeding, notice, or approval shall
be required for the incorporation of the authority or the amendment of its certificate of
incorporation, the issuance of any bonds, the execution of any mortgage, and deed of trust
or trust indenture, or the exercise of any other of its powers by the authority. Neither a
public hearing nor the consent of the State Department of Finance shall be a prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such notice shall...
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11-54A-13
Section 11-54A-13 Notice of bond resolution; 30 days to bring action to question bond validity.
Upon the adoption by the board of the authority of any resolution providing for the issuance
of bonds, the authority may cause to be published once a week for two consecutive weeks, in
a newspaper published or having general circulation in the city, a notice in substantially
the following form (the blanks being properly filled in) at the end of which shall be printed
the name and title of either the chairman or secretary of such authority. "The _____
Redevelopment Authority, a public corporation under the laws of the State of Alabama, on the
_____ day of _____ authorized the issuance of $_____ principal amount of bonds of the public
corporation for purposes authorized in the act of the Legislature of Alabama under which the
public corporation was organized. Any action or proceeding questioning the validity of the
bonds, or the pledge and the mortgage and deed of trust or trust indenture to...
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11-57-24
Section 11-57-24 Authority and procedure for dissolution of authorities; vesting of title to
assets or properties thereof in municipalities upon dissolution; formation of authorities
not to prevent subsequent formation of other authorities by same municipalities. (a) At any
time when the authority does not have any bonds outstanding, the board may adopt a resolution,
which shall be duly entered upon its minutes, declaring that the authority shall be dissolved.
Upon the filing for record of a certified copy of said resolution in the office of the judge
of probate of the county, the authority shall thereupon stand dissolved; and, in the event
that it owned any assets or property at the time of its dissolution, the title to all its
assets and property shall thereupon vest in the municipality. In the event the authority shall
at any time have outstanding bonds issued hereunder payable out of the revenues of different
projects, then as and when the principal of and interest on all bonds...
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11-92C-12
Section 11-92C-12 Notice of bond resolution. (a) Upon the adoption by the board of an authority
of any resolution providing for the issuance of bonds, the authority may publish once a week
for two consecutive weeks, in a newspaper published and having general circulation in the
geographical area of the authorizing subdivision, a notice in substantially the following
form, the blanks properly filled in, at the end of which shall be printed the name and title
of either the chair or secretary of the authority. "The _____ Local Redevelopment Authority,
a public corporation under the laws of the State of Alabama, on the _____ day of _____ authorized
the issuance of $_____ principal amount of bonds of the public corporation for purposes authorized
by the state law under which the public corporation was organized. Any action or proceeding
questioning the validity of the bonds, or the pledge and the mortgage and deed of trust or
trust indenture to secure the same, or the proceedings...
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41-10-548
Section 41-10-548 Use of proceeds from bonds. The authority is authorized and empowered to
apply the proceeds of any bonds of the authority, together with any other available funds,
(i) for the purposes for which the bonds were issued; (ii) to fund the reserves as the authority
deems necessary and desirable; and (iii) to the extent not needed for the foregoing uses,
to pay or redeem the authority obligations. Pending the application of the proceeds of bonds
of the authority to the purpose or purposes for which the bonds were issued, the proceeds
and any moneys held in special funds created as security for the bonds may be invested by
the authority in eligible investments, as the directors deem advisable. Any and all revenues,
receipts, investment earnings, and other funds paid to, or otherwise coming into the possession
of, the authority as a result of financings accomplished from the proceeds of bonds of the
authority, shall be held, deposited, administered, invested, and applied as...
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