16-16-7
Section 16-16-7 Powers generally. The authority shall have the following powers: (1)
To have succession by its corporate name until the principal of and interest on all bonds
issued by it shall have been fully paid; (2) To sue and be sued and to prosecute and defend
in any court having jurisdiction of the subject matter and of the parties thereto; (3) To
have and to use a corporate seal and to alter the seal at pleasure; (4) To establish a fiscal
year; (5) To provide for the construction, reconstruction, alteration and improvement of public
buildings and other facilities for public educational purposes in the state, including the
procurement of sites and equipment therefor; (6) To anticipate by the issuance of its bonds
the receipt of the revenues herein appropriated and pledged; (7) As security for the payment
of the principal of and interest on its bonds, to pledge the proceeds of the appropriations
and pledges herein provided for; and (8) To appoint and employ such attorneys and...
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23-2-144
Section 23-2-144 Powers of the authority. (a) The authority shall have the following
powers: (1) To adopt bylaws for the regulation of its affairs and the conduct of its business.
(2) To adopt an official seal and alter the same at pleasure. (3) To maintain a principal
office and branch offices at the place or places within the state as it may designate. (4)
To sue and be sued in its own name, including suits in tort. (5) With the consent and approval
of the department, to acquire and construct toll road, bridge, or tunnel projects at locations
as the authority may determine to be desirable, practicable, and economically feasible and
to maintain, repair, and operate the projects. (6) To issue toll road, bridge, or tunnel revenue
bonds of the authority for any of its corporate purposes, payable solely from its tolls, other
revenues, and proceeds of the bonds, and to refund its bonds, all as provided in this article.
No bonds issued under the provisions of this article shall constitute a...
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41-9-472
Section 41-9-472 Powers and duties. The commission shall be authorized: (1) To investigate
and select an available site for housing the exhibits, including the surrounding grounds,
in cooperation with the community, taking into consideration all pertinent factors affecting
the suitability of such site; (2) To acquire by rent or lease agreement or otherwise the necessary
housing facilities; and to establish, improve and enlarge the available facility, including
providing it with necessary equipment, furnishings, landscaping and related facilities, including
parking areas and ramps, roadways, sewers, curbs, and gutters; (3) To enter into such contracts
and cooperative agreements with local, state and federal governments, with agencies of such
governments, with private individuals, corporations, associations and other organizations
as the commission may deem necessary or convenient to carry out the purpose of this article,
with such contracts and agreements to include leases to private...
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11-50A-20
Section 11-50A-20 Trust agreement. In the discretion of the authority, any issue of
bonds may be secured by a trust agreement or indenture made by the authority with a corporate
trustee, which may be any trust company or bank within or without the state having the powers
of a trust company. The trust agreement or indenture may pledge or assign any revenues to
be received by the authority and any proceeds which may be derived from the disposition of
any real or personal property of the authority or proceeds of insurance carried thereon. The
resolution providing for the issuance of bonds and the trust agreement or indenture may contain
any provisions the authority deems necessary or appropriate for protecting and enforcing the
rights and remedies of the bondholders, including the right of appointment of a receiver upon
default in the payment of any principal or interest obligation and the right of any receiver
or trustee to enforce collection of any rates, fees, tolls, charges, or...
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14-2-8
Section 14-2-8 Powers - Generally. The authority shall have the following powers among
others specified in this chapter: (1) To have succession in its corporate name until the principal
of and interest on all bonds issued by it shall have been fully paid and until it shall have
been dissolved as provided in this chapter; (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 thereof; (3) To have and to use a corporate seal and to alter such seal
at pleasure; (4) To establish a fiscal year; (5) To acquire and hold title to real and personal
property and to sell, convey, mortgage, or lease the same as provided in this chapter; (6)
To provide for the acquisition, construction, reconstruction, alteration, and improvement
of facilities and for the procurement of sites and equipment for such facilities and for the
lease thereof; (7) To lease facilities to the state, the department,...
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41-10-307
Section 41-10-307 Powers of authority. The authority shall have the following powers
among others specified in this article: (1) To have succession in its corporate name until
the principal of and interest on all bonds issued by it shall have been fully paid and until
it shall have been dissolved as provided herein; (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 thereof; (3) To have and to use a corporate seal and to
alter such seal at pleasure; (4) To establish a fiscal year; (5) To acquire and hold title
to real and personal property and to sell, convey, mortgage or lease the same as provided
in this article; (6) To provide for the construction, reconstruction, alteration and improvement
of facilities and for the procurement of sites and equipment for such facilities and for the
lease thereof; (7) To lease facilities to the state, the commission or any other agency or...

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9-6-8
Section 9-6-8 Powers and duties 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 maintain civil actions
and have civil actions maintained against it in its corporate name, except as otherwise provided
in this chapter, and to defend civil actions against it; (3) To adopt and make use of a corporate
seal and to alter the same at pleasure; (4) To amend its certificate of incorporation by filing
in the office of the Secretary of State a certificate signed by all of the directors of the
authority setting forth the details of the amendment, such certificate to be acknowledged
in the same manner as the certificate of incorporation; (5) To adopt and alter bylaws for
the regulation and conduct of its affairs and business; (6) To...
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16-18A-4
Section 16-18A-4 Powers and duties. The purpose of the authority shall be to assist
institutions for higher education in the construction, financing and refinancing of the projects.
The exercise by the authority of the powers conferred by this chapter shall be deemed and
held to be the performance of an essential public function. For the purpose of this chapter,
the authority shall have the powers and duties set forth in this section. (1) To adopt
an official seal and alter the same at its pleasure. (2) To sue and be sued in contract and
in tort and to complain and defend in all courts of law and equity. (3) To maintain an office
at such place or places as it may designate. (4) To determine the location and character of
any project financed under this chapter, to acquire, construct, reconstruct, remodel, maintain,
manage, enlarge, alter, add to, repair, operate, lease as lessee or lessor, sell or otherwise
dispose of, any project in any manner it deems to the best advantage of the...
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41-10-497
Section 41-10-497 Powers generally. The authority shall have the following powers among
others specified in this article: (1) To have succession in its corporate name until the principal
of and interest on all bonds issued by it shall have been fully paid and until it shall have
been dissolved as provided herein; (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 thereof; (3) To have and to use a corporate seal and to alter such seal at
pleasure; (4) To establish a fiscal year; (5) To acquire and hold title to real and personal
property and to sell, convey, mortgage or lease the same as provided in this article; (6)
To provide for the construction, reconstruction, alteration and improvement of facilities
and for the procurement of sites and equipment for such facilities and for the lease thereof;
(7) To lease facilities to the state, or any agency or instrumentality of the...
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23-7-2
Section 23-7-2 Definitions. For the purposes of this chapter, the following words shall
have the following meanings: (1) BANK. The Alabama Transportation Infrastructure Bank. (2)
BOARD. The board of directors of the bank. (3) BONDS. Includes bonds, notes, or other evidence
of indebtedness except as otherwise provided in this chapter. (4) DEPARTMENT or DEPARTMENT
OF TRANSPORTATION. The Alabama Department of Transportation. (5) ELIGIBLE COST. As applied
to a qualified project to be financed from the federal highway account, the costs that are
permitted under applicable federal laws, requirements, procedures, and guidelines in regard
to establishing, operating, and providing assistance from the bank. As applied to a qualified
project to be financed from the state highway account, these costs include the costs of preliminary
engineering, traffic, and revenue studies; environmental studies; right-of-way acquisition;
legal and financial services associated with the development of the...
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