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11-50-78
Section 11-50-78 Payment of portion of costs of purchase by council; costs of purchase specified.
The council may pay out of the general funds of the city or town or any special funds that
may be provided for the purpose such portion of the cost of the proposed purchase of said
sewers or sewer system as they see proper. The cost of any sewers or sewer system purchased
as contemplated by this division shall include the expenses of the preliminary and other surveys
and estimates, printing and publishing of notices, resolutions and ordinances required, including
notices of assessment, the purchase price of sewers or sewer systems, the cost of preparing
bonds, interest on bonds when bonds have been issued in anticipation of the collection of
the assessments, and any other expenses necessary for the completion of such purchase. (Acts
1923, No. 165, p. 134; Code 1923, §2091; Code 1940, T. 37, §616.)...
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11-54-148
Section 11-54-148 No contribution by municipality. No municipality shall have the power to
pay out of its general funds or otherwise contribute any part of the costs of acquiring a
project, and shall not have the power to use land already owned by the municipality, or in
which the municipality has an equity, for construction thereon of a project or any part thereof;
provided, however, that municipal property which is not needed for public or municipal purposes
may be sold for fair market value or leased for fair market rental for a project; such fair
market values to be conclusively determined by the governing body of the municipality owning
such property. The entire cost of acquiring any project must be paid out of the proceeds from
the sale of bonds issued under the authority of this article; provided, however, that this
provision shall not be construed to prevent a municipality from accepting donations of property
to be used as a part of any project or money to be used for defraying...
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11-54-26
Section 11-54-26 Bonds - Disposition of proceeds from sale. (a) The proceeds from the sale
of any bonds issued under authority of this article shall be applied only for the purpose
for which the bonds were issued; provided, however, that any accrued interest and premium
received in any such sale shall be applied to the payment of the principal of or the interest
on the bonds sold; provided further, that if for any reason any portion of such proceeds shall
not be needed for the purpose for which the bonds were issued, then such unneeded portion
of said proceeds shall be applied to the payment of the principal of or the interest on said
bonds. (b) The cost of acquiring any project, which shall be paid from the proceeds derived
from the sale of bonds, shall be deemed to include the following: (1) The actual cost of the
construction of any part of a project which may be constructed, including architect's and
engineer's fees; (2) The purchase price of any part of a project that may be...
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33-2-69
Section 33-2-69 Disposition of proceeds from sale of bonds. The proceeds from the sale of any
of the bonds (other than refunding bonds) shall be paid into the State Treasury and kept by
the State Treasurer in a separate account and paid over to the secretary-treasurer of the
department from time to time in such amounts as shall be directed by the Governor, and the
money so paid over to the secretary-treasurer of the department shall be held and used only
for the accomplishment of the purposes of this article, and specifically for payment of the
cost of acquiring, by construction or otherwise, maintaining and operating, or any of them,
dock facilities along navigable streams and waterways now or hereafter existing within the
state, in aid of commerce and use of navigable waterways of the state. The cost of acquiring
any dock facilities that may be acquired with the proceeds of bonds issued under this article
shall be deemed to include, inter alia, (1) fees of engineers and attorneys and...
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33-2-99
Section 33-2-99 Disposition of proceeds from sale of bonds. The proceeds from the sale of any
of the bonds (other than refunding bonds) shall be paid into the State Treasury and kept by
the State Treasurer in a separate account and paid over to the secretary-treasurer of the
department from time to time in such amounts as shall be directed by the Governor and the
money so paid over to the secretary-treasurer of the department shall be held and used only
for the accomplishment of the purposes of this article, and specifically for payment of the
cost of acquiring, by construction or otherwise, maintaining and operating, or any of them,
dock facilities along navigable streams and waterways now or hereafter existing within the
state, in aid of commerce and use of navigable waterways of the state. The cost of acquiring
any dock facilities that may be acquired with the proceeds of bonds issued under this article
shall be deemed to include, inter alia, (1) fees of engineers and attorneys and...
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40-17-371
Section 40-17-371 Cost of collection; distribution of tax proceeds. (a) The Alabama Department
of Revenue shall retain one-quarter of one percent (0.25%) of the tax proceeds, less any refunds,
from this additional excise tax on gasoline and diesel fuel for its cost of collection. The
department may adopt rules and such forms as may be necessary for the administration of the
excise tax provided for in this article. (b) Each month, prior to the remaining payments provided
in this article, up to $750,000 of the tax proceeds from the additional excise tax on gasoline
and up to $230,000 of the tax proceeds from the additional excise tax on diesel fuel shall
be distributed first to the Alabama Highway Finance Corporation for the payment of the principal
of and interest on bonds to be issued by it to finance improvements to the ship channel providing
access to the facilities of the Alabama State Docks, to the extent necessary for such purpose.
The amount distributed pursuant to this section...
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41-10-91
Section 41-10-91 Powers of corporation - Generally. The corporation 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 until dissolved as provided
in this article; (2) To sue and be sued, to prosecute and defend civil actions in any court
having jurisdiction of the subject matter and the parties; (3) To 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, whether by purchase, gift, lease, devise,
exercise of the power of eminent domain or otherwise, property of every description which
the board may deem necessary to the acquisition, construction, improvement, enlargement, operation
or maintenance of one or more projects and to hold title thereto or a leasehold interest therein;
(6) To borrow money for any of its corporate purposes and to sell...
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11-97-2
Section 11-97-2 Definitions. The following words and phrases used in this chapter, and others
evidently intended as the equivalent thereof, shall, in the absence of a clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of any county or
municipality in accordance with the provisions of Section 11-97-3 hereof. (2) AUTHORIZING
RESOLUTION. A resolution of ordinance adopted by the governing body of any county or municipality
in accordance with the provisions of Section 11-97-3 hereof, that authorizes the incorporation
of a corporation. (3) BOARD. The board of directors of a corporation. (4) BONDS. Bonds, notes,
or other obligations representing an obligation to pay money. (5) CORPORATION. Any public
corporation organized pursuant to the provisions of this chapter. (6) COSTS. As applied to
a facility or any portion thereof, shall include all or any part of the...
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33-2-128
Section 33-2-128 Disposition of proceeds from sale of bonds. The proceeds from the sale of
any of the bonds (other than refunding bonds) shall be paid into the State Treasury and kept
by the State Treasurer in a separate account and paid over to the secretary-treasurer of the
department from time to time in such amounts as shall be directed by the Governor and the
money so paid over to the secretary-treasurer of the department shall be held and used only
for the accomplishment of the purposes of this article, and specifically for payment of the
cost of acquiring, by construction or otherwise, maintaining and operating, or any of them,
in promoting and aiding in the commercial flow of agricultural products within the state or
in aid of commerce and use of the waterways of the state, all manner of elevators, facilities,
warehouses, docks, water and rail terminals and other structures and facilities and improvements
needful for the convenient use of the same. The cost of acquiring any...
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33-2-158
Section 33-2-158 Disposition of proceeds from sale of bonds. The proceeds from the sale of
any of the bonds (other than refunding bonds) shall be paid into the State Treasury and kept
by the State Treasurer in a separate account and paid over to the secretary-treasurer of the
department from time to time in such amounts as shall be directed by the Governor and the
money so paid over to the secretary-treasurer of the department shall be held and used only
for the accomplishment of the purposes of this article, and specifically for payment of the
cost of acquiring, by construction or otherwise, maintaining and operating, or any of them,
in promoting and aiding in the commercial flow of agricultural products within the state or
in aid of commerce and use of the waterways of the state, all manner of elevators, facilities,
warehouses, docks, water and rail terminals and other structures and facilities and improvements
needful for the convenient use of the same. The cost of acquiring any...
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