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4-3-47
Section 4-3-47 Powers of authority generally. The authority 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; (2) To sue and be sued in its
own name in civil actions, excepting actions in tort against the authority; (3) To adopt and
make use of a corporate seal and to alter the same at pleasure; (4) To adopt and alter bylaws
for the regulation and conduct of its affairs and business; (5) To acquire, receive, take
and hold, whether by purchase, option to purchase, gift, lease, devise or otherwise, property
of every description, whether real, personal or mixed, whether in one or more counties and
whether within or without the corporate limits of any authorizing subdivision, and to manage
said property and to develop any property and to sell, exchange, lease or...
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40-27-1
Section 40-27-1 Compact adopted; terms. The following Multistate Tax Compact is hereby approved,
adopted and enacted into law by the State of Alabama: Multistate Tax Compact Article I. Purposes.
The purposes of this compact are to: 1. Facilitate proper determination of state and local
tax liability of multistate taxpayers, including the equitable apportionment of tax bases
and settlement of apportionment disputes. 2. Promote uniformity or compatibility in significant
components of tax systems. 3. Facilitate taxpayer convenience and compliance in the filing
of tax returns and in other phases of tax administration. 4. Avoid duplicative taxation. Article
II. Definitions. As used in this compact: 1. "State" means a state of the United
States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or possession
of the United States. 2. "Subdivision" means any governmental unit or special district
of a state. 3. "Taxpayer" means any corporation, partnership, firm,...
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11-50-239
Section 11-50-239 Acquisition, operation, etc., of waterworks system located in another municipality;
execution of contract for conveyance of system in other municipality thereto upon payment
in full of indebtedness of corporation. (a) Each waterworks board now or hereafter organized
under this division, in addition to all other powers conferred on it by law, is hereby further
authorized and empowered to acquire, by purchase from the owner or owners thereof, all or
any part of a waterworks plant or system and any rights incidental thereto located within
the limits of any incorporated municipality in this state other than the municipality within
which such board was organized to operate and thereafter to manage, operate, extend, enlarge,
lease, mortgage, convey, and otherwise control the same as a part of its waterworks system
in the municipality within which such board was organized to operate in all respects as if
the properties so purchased were located in the municipality within...
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11-50-442
Section 11-50-442 Expenditures for new construction, additions, etc., to waterworks plant and
system, etc. No expenditures for any new construction, additions, or replacements to the municipal
waterworks plant and waterworks system or the equipment used by the same shall be made by
the board where the total expense will be more than $5,000.00 without the consent and approval
of the governing body of the municipality. (Acts 1953, No. 860, p. 1152, §13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-442.htm - 764 bytes - Match Info - Similar pages
11-50-265
Section 11-50-265 Transfer of gas plant or system to waterworks board; sale or transfer of
plant or system by board to utility regulated by state Public Service Commission. (a) Every
city or town now or hereafter owning and operating a municipal gas plant or distribution system
and in which municipality a waterworks board is now or hereafter incorporated under the provisions
of Division 1 of this article is hereby authorized to transfer and convey such gas plant or
system or both to such waterworks board pursuant to the provisions of an ordinance theretofore
duly enacted by the governing body of such city or town and without the necessity of authorization
at an election of the qualified voters thereof; provided, that if at the time of such transfer
the city or town has outstanding any bonds or other obligations payable from or secured by
the revenues or earnings of such gas plant or system, it shall be incumbent upon the waterworks
board of such city or town to pay the amount thereof...
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11-81-1
Section 11-81-1 Execution of mortgages to secure bonds and indebtedness incurred in purchase,
construction, extension, etc., of school buildings or waterworks, gas, light, etc., plants.
Any city or town of the State of Alabama that may hereafter construct or purchase school buildings,
a waterworks plant, gas plant, electric light plant, or other light and power plant or extend
or enlarge a waterworks plant or light and power plant then owned by such city or town, may,
through its mayor and aldermen or other governing body execute a mortgage on the school buildings,
the waterworks plant or light and power plant purchased or constructed by such city or town
to secure the bonds and indebtedness and interest on such bonds and indebtedness created in
the purchase, construction, extension or enlargement of such school buildings, waterworks
plant or light and power plant, such mortgage to be signed by the mayor and countersigned
by the clerk of said city or town or by such other person or...
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11-50-12
Section 11-50-12 Combination of electric light and power plants, etc., and waterworks plants,
etc.; use of electric light and power plants, etc., and disposition of revenues therefrom.
All cities and towns which own and operate an electric light plant or system or any power
plant of any kind may combine such electric light and power plants and system with the waterworks
or waterworks system owned and operated by the city or town, and the receipts and revenues
derived from the electric light plant and works or from such power plant may be applied in
payment of or pledged to secure the payment of any indebtedness incurred by the city or town
in the construction, maintenance, or extension of its waterworks system or any additions or
improvements thereto; and any electric or hydroelectric power or power plant of similar kind
owned and operated by any of the cities and towns within the provisions of this section may
use such lighting or power plants and systems for the operation of its...
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11-50-264
Section 11-50-264 Issuance, sale, etc., of bonds and refunding bonds of board; terms, denominations,
taxation, etc., thereof; charge, application, etc., of revenues from system to payment of
indebtedness; vesting of title to system in municipality upon payment of all indebtedness.
(a) Any waterworks board which borrows money under the authority of this division may evidence
the loan by revenue bonds in such form and of such tenor and maturities as may be agreed upon
between the lender and the board. Any such bonds so issued may thereafter from time to time
be refunded by the issuance by sale or exchange of refunding bonds at such times and in such
form and of such tenor and maturities as may be agreed on by the board and the holders of
the bonds so refunded if such refunding is by exchange and as may be determined by the board
if such refunding is by sale of refunding bonds. Such waterworks board may restrict the source
of payment of such bonds and the security given therefor to...
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11-50-439
Section 11-50-439 Powers and duties of board generally. The board shall have complete control
of the municipal waterworks plant and waterworks system of such municipality and shall have
authority to employ, upon terms to be fixed by the board but in no event for a term exceeding
one year, and to discharge with or without cause, managers, cashiers, clerks, stenographers,
attorneys, plumbers, repairmen, laborers, and such other employees as are necessary for the
operation of such municipal waterworks plant and waterworks system; except, that in those
municipalities where public employees are governed by a citywide civil service or merit system
act all of such managers, cashiers, clerks, stenographers, plumbers, repairmen, laborers,
and such other employees as are necessary for the operation of such waterworks plant and waterworks
system shall in all respects, both as to selection, employment, discharge, tenure of office,
or employment and as to pay, promotion, demotion, and all other...
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37-4-65
Section 37-4-65 Certain systems or projects exempted. Nothing in this division shall be deemed
to require the purchase of or payment of compensation for any existing plant or distribution
system within the corporate limits of any agency in which the construction of any electric
distribution system has been already authorized by an election held prior to September 12,
1939, nor shall this division apply with respect to any project for which loans or grants
have been made or were under contract to be made by the United States through the Federal
Emergency Administrator of Public Works, the Federal Works Administrator, the Commissioner
of Public Works, the Federal Works Agency, or the Public Works Administration, prior to September
12, 1939, nor shall this division apply to rural electric membership corporation distribution
systems. (Acts 1939, No. 244, p. 405; Acts 1939, No. 414, p. 554; Code 1940, T. 48, §347.)...
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