Code of Alabama

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45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other
powers now or hereafter granted by law, the authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by
the Jackson County Commission which are required by law to be deposited to the credit of the
Jackson County Water Authority. c. The revenues derived from any water, sewer, or garbage
system or facility of the authority. (2) To pledge for payment of any bonds issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.06.htm - 13K - Match Info - Similar pages

11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution,
sale, delivery, redemption, etc.; security for payment of principal or interest; remedies
upon default; liability of municipalities, board, etc., thereupon. (a) Any authority shall
have power to issue from time to time its bonds and notes in such principal amount as its
board shall determine to be necessary to provide sufficient funds for achieving any of its
corporate purposes, including the payment of interest on any of its notes and bonds, the establishment
of reserves to secure any such notes and bonds and all other expenditures of such authority
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
authority shall also have the power to issue from time to time notes to renew notes and bonds
to pay notes, including interest thereon and, whenever it deems refunding expedient, to refund
any bonds by the issuance of new bonds, whether the bonds to be refunded...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-8.htm - 12K - Match Info - Similar pages

45-39A-11.04
Section 45-39A-11.04 Civic Center Authority - Construction, maintenance, etc., of civic
center; powers. (a) The authority shall be authorized to construct, maintain, control, operate,
and manage a civic center in the City of Florence. The authority shall be authorized to construct,
maintain, control, operate, and manage all or any of the following to be situated in the civic
center: Buildings to provide offices to be used by the State of Alabama or by any agency,
subdivision, or public corporation thereof or by the county or by one or more municipalities
thereof for any municipal purpose otherwise authorized by law and buildings to house or accommodate
public facilities of the State of Alabama or of any agency, subdivision, or public corporation
thereof or of the county or of any one or more of the municipalities for any municipal purpose
otherwise authorized by law; streets, boulevards, walkways, parkways, and parks; monuments,
statues, and other structures beautifying the civic...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39A-11.04.htm - 5K - Match Info - Similar pages

16-18-7
Section 16-18-7 Powers of authority. 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, subject to the provisions of Section 16-18-21 specified in its certificate
of incorporation; (2) To sue and be sued in its own name in civil actions and to defend actions
against it; (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 and take by purchase, gift, lease, devise or otherwise, and to hold
property of every description, real, personal or mixed, wherever the same might be located;
(6) To make, enter into and execute such contracts, agreements, leases and other instruments
and to take such other actions as may be necessary or convenient to accomplish any...
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11-49B-8
Section 11-49B-8 Rates and charges. Rates, fees, and charges for public transportation
service rendered by the authority from any of its transit systems shall be fixed and revised
to provide funds that, when added to all other revenues, including tax proceeds, anticipated
to be received by the authority, will be at least sufficient: (1) To pay the cost of operating,
maintaining, repairing, replacing, extending, and improving the systems from which the services
are rendered. (2) To pay the principal and the interest on all bonds issued and obligations
assumed by the authority, that are payable out of the revenues derived from operation of those
systems, as the principal and interest become due and payable. (3) To create and maintain
reserve for the foregoing purposes or as may be provided in any mortgage and deed of trust
or trust indenture executed by the authority or in any resolutions of the board authorizing
the issuance of bonds, the assumption of any obligation, or the acquisition...
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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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-2-144.htm - 9K - Match Info - Similar pages

11-81-161
Section 11-81-161 Acquisition, extension, repair, consolidation, etc., of waterworks,
sewer, gas or electric systems by counties or municipalities authorized. (a) Any county or
incorporated municipality in the State of Alabama is authorized to acquire by any lawful means
any one or more of the following systems: a waterworks system, a sanitary sewer system, a
gas system and an electric system and, in furtherance of the acquisition of any such system,
to acquire any necessary part thereof within or without or partially within and partially
without the limits of any such county or the corporate limits of any such municipality, as
the case may be; provided, that no municipality in this state shall have, under the authority
conferred by this article, the right to construct a gas system, a domestic water distribution
system or electric system or portion thereof if there is at the time of such proposed construction
a gas system, domestic water distribution system or electric system,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-161.htm - 2K - Match Info - Similar pages

11-89-7
Section 11-89-7 Powers of district generally; power of district to acquire, operate,
etc., systems, etc., outside service area; provisions in schedules of rates and charges generally.
(a) The district 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 perpetuity, subject to the provisions of Section
11-89-17) specified in its certificate of incorporation; (2) To sue and be sued in its own
name in civil actions, 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 adopt and alter bylaws for the regulation and conduct of its affairs and business;
(5) To acquire, receive, and take, by purchase, gift, lease, devise, or otherwise, and to
hold property of every description, real, personal, or mixed, whether...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-7.htm - 11K - Match Info - Similar pages

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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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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