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45-47-250.08
Section 45-47-250.08 Rates, fees, and charges. Rates, fees, and charges for water service
and fire protection service rendered by the authority from any of its water systems or fire
protection facilities shall be so fixed and from time to time revised as at all times to provide
funds at least sufficient to: (1) Pay the cost of operating, maintaining, repairing, replacing,
extending, and improving the systems and facilities, or either, from which such services are
rendered. (2) Pay the principal of and the interest on all bonds and obligations assumed by
the authority that are payable out of the revenues derived from operation of those systems
and facilities together with revenues from any tax sources and fees as the principal and interest
become due and payable; (3) Create and maintain such reserves for the foregoing purposes or
any of them as may be provided in any mortgage and deed of trust or trust indenture executed
by the authority under this article or in any resolutions of the...
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11-50-396
Section 11-50-396 Powers generally. Each district incorporated under this article shall
have each and all of the following powers, together with all powers incidental thereto or
necessary to the discharge thereof in corporate form: (1) To have succession in its corporate
name for the duration of time (which may be in perpetuity) specified in the certificate of
incorporation, or until dissolved as provided in subsection (c) of Section 11-50-392.
(2) To sue and be sued and to defend civil actions against it. (3) To have and use a corporate
seal and alter the same at pleasure. (4) To acquire, purchase, construct, receive, own, operate,
maintain, enlarge, extend, and improve any one or more gas systems the operation of which
is provided for in the certificate of incorporation of the district (whether or not such system
or systems were in existence or whether or not such system or systems were privately owned
or municipally owned prior to the acquisition by such district). (5) To receive,...
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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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4-3-11
Section 4-3-11 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 suits and 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, 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 undeveloped property owned, leased or controlled by...
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11-50-532
Section 11-50-532 Dissolution. When all obligations incurred by the corporation and
all bonds issued by it shall have been paid in full or provision for payment thereof shall
have been made by appropriate, segregation and deposit of funds sufficient for such purposes,
then and in such event the corporation may be dissolved by resolution adopted by vote of a
majority of the board, which resolution shall set out the plan of dissolution and shall designate
three directors who shall act as trustees in dissolution of the corporation. A copy of such
resolution, duly certified by the secretary of the corporation under its seal, shall be filed
with the Secretary of State, and, if it shows compliance with the foregoing requirements,
it shall be recorded by the Secretary of State with the certificate of incorporation. Upon
such filing and recording the corporation shall thereupon stand dissolved, and the trustees
in dissolution named in such resolution shall thereupon proceed to wind up the...
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9-16-89
Section 9-16-89 Performance bonds and bond releases. (a) After a surface coal mining
and reclamation permit application has been approved but before such a permit is issued, the
applicant shall file with the regulatory authority, on a form prescribed and furnished by
the regulatory authority, a bond for performance payable to the state and conditioned upon
faithful performance of all the requirements of this article and the permit. The bond shall
cover all lands disturbed by the surface coal mining operation and the amount of the initial
bond shall be such to cover that area of land within the permit area upon which the operator
will initiate and conduct surface coal mining and reclamation operations within the initial
term of the permit. As succeeding increments of surface coal mining and reclamation operations
are to be initiated and conducted within the permit area, the permittee shall file with the
regulatory authority an additional bond or bonds to cover such increments in...
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41-10-260
Section 41-10-260 Definitions. The following terms, wherever used in this article, shall
have the following respective meanings unless the context clearly indicates otherwise: (1)
AUTHORITY. The public corporation organized pursuant to the provisions of this article. (2)
BOARD OF DIRECTORS. The board of directors of the authority. (3) BONDS. When used with reference
to debt instruments issued by the authority, means bonds, notes and other forms of indebtedness.
(4) BUILDING COMMISSION. The Building Commission created by Act No. 128 adopted at the 1945
Regular Session of the Legislature of the state, and any successor agency thereto. (5) CHIEF
JUSTICE. The Chief Justice of the Supreme Court of the State of Alabama. (6) GOVERNMENT SECURITIES.
Any bonds or other obligations which as to principal and interest constitute direct obligations
of, or are unconditionally guaranteed by, the United States of America, including obligations
of any federal agency to the extent such obligations are...
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11-50-235
Section 11-50-235 Powers of corporation generally; provisions in mortgages, deeds of
trust, or pledge agreements executed by corporation as to rights of parties thereto, etc.;
exemption from taxation of property and income of corporation. (a) Each corporation formed
under this division 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 or until dissolved as provided in this division; (2) To sue and be sued and
to defend civil actions against it; (3) To make use of a corporate seal and to alter the same
at pleasure; (4) To acquire, purchase, construct, operate, maintain, enlarge, extend, and
improve any system or systems, the operation of which is provided for in the certificate of
incorporation of such corporation (whether or not such system or systems were in...
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11-50A-1
Section 11-50A-1 Definitions. As used in this chapter, the following words shall have
the following meanings unless the context clearly indicates otherwise: (1) AUTHORITY. Alabama
Municipal Electric Authority created pursuant to this chapter and any successor or successors
thereto. (2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by
the authority under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION
NOTES. Short term obligations issued by the authority in anticipation of the issuance of bonds.
(5) COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment,
alteration, repair, or extension of any project; all costs of real and personal property required
for the purposes of any project, including any rights or undivided interest therein; all costs
of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates,
and all costs of securing any permits, approvals, licenses,...
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11-61A-9
Section 11-61A-9 Powers. The authority shall have the following powers, together with
all incidental powers necessary: (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 suits and actions. (3) To adopt and make use of a
corporate seal and to alter the seal 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, gift, lease, devise, eminent domain, or otherwise, property of every description,
whether real, personal, or mixed, and to manage the property, and to develop any undeveloped
property owned, leased, or controlled by it. An authority may not acquire or lease real property
located outside the boundaries of the municipality. An authority created under this chapter
may not exercise any power of eminent domain without a concurring...
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