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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus
Lines Insurance Multi-State Compliance Compact Act is enacted into law and entered into with
all jurisdictions mutually adopting the compact in the form substantially as follows: PREAMBLE
WHEREAS, with regard to Non-Admitted Insurance policies with risk exposures located in multiple
states, the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted
and Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
16-18A-6
Section 16-18A-6 Revenue bonds - Contracts to secure payment. As security for payment
of the principal and interest on bonds issued or obligations assumed by it, the authority
may enter into a contract or contracts binding itself for the proper application of the proceeds
of bonds and other funds, for the continued operation and maintenance of any property and
facilities, owned or controlled and operated by it or under its authority or any part or parts
thereof, for the imposition and collection of reasonable rates and rentals for and the promulgation
of reasonable regulations respecting the use of property and facilities of the authority and
any service furnished therefrom, for the disposition and application of its gross revenues
or any part thereof and for any other act or series of acts not inconsistent with the provisions
of this chapter for the protection of the bonds and other obligations being secured and the
assurance that revenues from such property and facilities will be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18A-6.htm - 2K - Match Info - Similar pages
9-6-10
Section 9-6-10 Bonds - Contracts to secure payment. As security for payment of the principal
and interest on bonds issued or obligations assumed by it, the authority may enter into a
contract or contracts binding itself for the proper application of the proceeds of bonds and
other funds, for the continued operation and maintenance of any equipment, facilities, apparatus
or systems owned or controlled and operated by it or under its authority or any part or parts
thereof, for the imposition and collection of reasonable rates and rentals for and the promulgation
of reasonable regulations respecting the use of equipment, facilities, apparatus and systems
of the authority and any service furnished therefrom, for the disposition and application
of its gross revenues or any part thereof and for any other act or series of acts not inconsistent
with the provisions of this chapter for the protection of the bonds and other obligations
being secured and the assurance that revenues from such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-6-10.htm - 2K - Match Info - Similar pages
41-10-143
Section 41-10-143 Bonds - Contracts to secure payment of principal and interest. As
security for payment of the principal and interest on bonds issued or obligations assumed
by it, an authority may enter into a contract or contracts binding itself for the proper application
of the proceeds of bonds and other funds, for the continued operation, leasing and maintenance
of any property and facilities owned or controlled and operated by it or under its authority
or any part or parts thereof, for the imposition and collection of reasonable rates and rentals
for and the promulgation of reasonable regulations respecting the use of property and facilities
of the authority and any service furnished therefrom, for the disposition and application
of its gross revenues or any part thereof and for any other act or series of acts not inconsistent
with the provisions of this article for the protection of the bonds and other obligations
being secured and the assurance that revenues from such property...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-143.htm - 2K - Match Info - Similar pages
16-17-11
Section 16-17-11 Contracts to secure bonds and assumed obligations. As security for
payment of the principal of and interest on bonds issued or obligations assumed by it, the
authority may enter into a contract or contracts binding itself for the proper application
of the proceeds of bonds and other funds, for the continued operation, maintenance and disposition
(including lease) of any ancillary improvements or part thereof owned by it, for the imposition
and collection of reasonable rentals from such ancillary improvements, for the disposition
and application of its gross revenues or any part thereof and for any other act or series
of acts not inconsistent with the provisions of this chapter for the protection of the bonds
and other obligations being secured and the assurance that the revenues from such ancillary
improvements will be sufficient to operate such ancillary improvements, maintain the same
in good repair and in good operating condition, pay the principal of and interest...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17-11.htm - 1K - Match Info - Similar pages
16-18-12
Section 16-18-12 Contracts to secure bonds and assumed obligations. As security for
payment of the principal of and interest on bonds issued or obligations assumed by it, the
authority may enter into a contract or contracts binding itself for the proper application
of the proceeds of bonds and other funds, for the continued operation, maintenance and disposition
(including lease) of any ancillary improvements or part thereof owned by it, for the imposition
and collection of reasonable rentals from such ancillary improvements, for the disposition
and application of its gross revenues or any part thereof, and for any other act or series
of acts not inconsistent with the provisions of this chapter for the protection of the bonds
and other obligations being secured and the assurance that the revenues from such ancillary
improvements will be sufficient to operate such ancillary improvements, maintain the same
in good repair and in good operating condition, pay the principal of and interest...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18-12.htm - 1K - Match Info - Similar pages
11-88-132
Section 11-88-132 Acquisition, etc., of water system of water and fire protection authority
by city board of water and sewer commissioners - Conveyance of funds in trust for authority's
fire protection system; governing board of authority as trustees; trustees' powers and liabilities.
(a) In the event that the board of water and sewer commissioners of any city ("commissioners")
should acquire, operate, or control by virtue of assignment, conveyance, court order, operation
of law, or otherwise the water system of a water and fire protection authority ("authority"),
then the commissioners shall thereupon convey to the authority the principal sum of $2,000,000
in irrevocable trust for the support and maintenance of the authority's fire protection system.
(b) The trustees of the trust so established shall be the members of the governing board of
the authority, as it may be comprised from time to time, who shall have all powers necessary
to effect the support and maintenance of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-132.htm - 6K - Match Info - Similar pages
11-50-315
Section 11-50-315 Execution, etc., of contracts as security for repayment of moneys
borrowed. To further secure the repayment of any money borrowed by it such corporation may
enter into a contract or contracts binding itself for the proper application of the money
borrowed, for the continued operation and maintenance of any system or systems owned by it
or any part or parts thereof, for the imposition and collection of reasonable rates for and
the promulgation of reasonable regulations respecting any service furnished from its system
or systems, for the disposition and application of its gross revenues or any part thereof,
and for any other act or series of acts not inconsistent with the provisions of this article
for the protection of the loan and the assurance that the revenues from its system or systems
will be sufficient to operate such system or systems, maintain the same in good repair and
in good operating condition, pay the principal of and interest on any bonds payable from...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-315.htm - 1K - Match Info - Similar pages
11-50-236
Section 11-50-236 Execution, etc., of contracts as security for repayment of moneys
borrowed. To further secure the repayment of any money borrowed by it, such corporation may
enter into a contract or contracts binding itself for the proper application of the money
borrowed, for the continued operation and maintenance of any system or systems owned by it,
or any part or parts thereof, for the imposition and collection of reasonable rates for and
the promulgation of reasonable regulations respecting any service furnished from its system
or systems (including the furnishing of water, sewer service, and any other services), for
the disposition and application of its gross revenues or any part thereof and for any other
act or series of acts not inconsistent with the provisions of this division for the protection
of the loan and the assurance that the revenues from its system or systems will be sufficient
to operate such system or systems, maintain the same in good repair and in good...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-236.htm - 1K - Match Info - Similar pages
11-88-7
Section 11-88-7 Powers of authority generally; power of authority to acquire, operate,
etc., systems, etc., outside service area; provisions in schedules of rates and charges generally;
powers of authority organized to construct and operate sewer system. (a) 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
11-88-18) 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 article, 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-7.htm - 9K - Match Info - Similar pages
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