16-18-17
Section 16-18-17 Freedom of authority from state supervision and control. This chapter is intended
to aid the state in the execution of its duties by providing appropriate and independent instrumentalities
of the state with full and adequate powers to fulfill their functions. Except as in this chapter
expressly otherwise provided, no proceeding, notice or approval shall be required for the
incorporation of any authority or the amendment of its certificate of incorporation, the acquisition
of any property or ancillary improvements or the issuance of any bonds, mortgage and deed
of trust, or trust indenture. Neither a public hearing nor the consent of the State Department
of Finance shall be prerequisite to the issuance of bonds by the authority. (Acts 1966, Ex.
Sess., No. 221, p. 308, §17.)...
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11-92C-18
Section 11-92C-18 Freedom of authority from state supervision and control. This chapter is
intended to aid the state through the furtherance of the purposes of this chapter by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this chapter, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers. Neither a public
hearing nor the consent of Alabama State Department of Finance shall be a prerequisite to
the issuance of bonds by the authority. (Act 2020-72, §18.)...
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11-89A-13
Section 11-89A-13 Freedom of authority from supervision and control of state; applicability
of Article 1 of Chapter 27 of Title 22. (a) This chapter is intended to aid the state through
the furtherance of the purposes of the chapter by providing appropriate and independent instrumentalities
with full and adequate powers to fulfill their functions. Except as expressly provided in
this chapter, no proceeding, notice, or approval shall be required for the incorporation of
any authority or the amendment of its certificate of incorporation, the purchase of any note
or other instrument secured by a mortgage, deed of trust, note, or other security interest,
the issuance of any bonds, the execution of any mortgage and deed of trust or trust indenture,
or the exercise of any other of its powers by an authority. Neither a public hearing nor the
consent of the State Department of Finance or any other department, agency, bureau, board,
or corporation of the state shall be prerequisite to the...
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22-34-15
Section 22-34-15 No proceeding, notice or approval required. This chapter is intended to aid
the state through the furtherance of its purposes by providing an appropriate and independent
instrumentality of the state with full and adequate powers to fulfill its functions. Except
as expressly provided in this chapter, no proceeding, notice or approval shall be required
for the incorporation of the authority, the purchase of any loans or the making of any loan
to a public body, the issuance of any bonds, or the exercise of any other of its powers by
the authority. (Acts 1987, No. 87-226, p. 317, §17.)...
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45-46-90.15
Section 45-46-90.15 Freedom of authority from state supervision and control. This article is
intended to aid the state in the execution of its duties by providing appropriate and independent
instrumentalities of the state with full and adequate powers to fulfill their functions. Except
as otherwise provided in this article, no proceeding, notice, or approval shall be required
for the incorporation of any authority or the amendment of its certificate of incorporation,
the acquisition of any inland commercial or industrial facility or any dock or port facilities
or any other facilities or other property used in connection with or related to commerce on
the inland waterways traversing Marengo County or any municipality in the county, or the issuance
of any bonds, mortgages, and deeds of trust, or trust indentures. The authority, all property
of the authority, and the fees, tolls, rents, and other charges for the use of such property
or for any services therefrom, shall be exempt from all...
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2-3A-13
Section 2-3A-13 Freedom of authority from state supervision and control; applicability of code
of ethics. (a) This article is intended to aid the state through the furtherance of the purposes
of the article by providing an appropriate and independent instrumentality of the state with
full and adequate powers to fulfill its functions. Except as expressly provided in this article,
no proceeding, notice or approval shall be required for the incorporation of the authority,
the purchase of any note or other instrument secured by a mortgage, deed of trust, note or
other security interest, the issuance of any bonds, the execution of any mortgage and deed
of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the state Department of Finance shall be prerequisite
to the issuance of bonds by the authority. (b) The directors, the officers and employees of
the authority shall be subject to Chapter 25 of Title 36 and to...
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45-38-141.16
Section 45-38-141.16 Notice requirements, etc.; regulatory control and supervision. (a) Except
as expressly otherwise provided in this part, no proceeding, notice, or approval shall be
required for the incorporation of the authority or the amendment of its certificate of incorporation,
the acquisition of any property, water system, or fire protection facility, or the issuance
of any mortgage and deed of trust or trust indenture. (b) The authority, every water system
or fire protection facility owned by the authority or leased or subleased to a county, and
the rates and charges thereof shall be exempt from all jurisdiction of and all regulation
and supervision by the Alabama Public Service Commission and neither a public hearing nor
the consent of the State Department of Finance shall be prerequisite to any transaction between
or with the authority and the county or between the authority or the county and any vendor,
vendee, lessor, or lessee to or from the authority. (Act 89-472, p....
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11-49B-7
Section 11-49B-7 Powers of authority. The authority shall exercise, subject to this chapter,
the following powers and duties necessary to the discharge of its powers and duties in corporate
form: (1) To have succession by its corporate name for the duration of time, which may be
perpetual, subject to the provisions of Section 11-49B-19 specified in its certificate of
incorporation. (2) To sue and be sued in its own name in civil suits and actions and to defend
suits against it. (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, and take, by purchase, gift, lease, devise, or otherwise, and to
hold property of every description, real, personal, or mixed, whether located in one or more
counties or municipalities and whether located within or outside the authorizing county. (6)
To make, enter into, and execute contracts, agreements, leases, and...
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11-32-9
Section 11-32-9 Bonds - Form and execution; sale; obligations; notice. (a) All bonds issued
by the authority shall be signed by the chair, vice chair, or executive director and attested
by its secretary or assistant secretary, and the seal of the authority shall be affixed thereto
except that a facsimile of the signature of the officers may be printed or otherwise reproduced
on any of the bonds in lieu of being manually subscribed on the bonds, a facsimile of the
seal of the authority may be printed or otherwise produced on the bonds in lieu of being manually
affixed thereto, if the bonds have been manually authenticated by a transfer agent of the
bond issue. Delivery of executed bonds shall be valid notwithstanding any changes in officers
or in the seal of the authority after the signing and sealing of the bonds. The bonds may
be executed and delivered by the authority at any time and from time to time, shall be in
the form and denominations and of the tenor and maturities, shall...
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11-86A-14
Section 11-86A-14 Execution of bonds and interest coupons; form, terms, denominations, etc.,
of bonds; validation of bonds; sale; refunding bonds. (a) Bonds of an authority shall be signed
by the chair and attested by the secretary, the seal of the authority shall be affixed thereto,
and any interest coupons applicable to the bonds shall be signed by the chair; provided that
a facsimile of the signature of the officers may be printed or otherwise reproduced on any
bonds in lieu of being manually subscribed. A facsimile of the seal of the authority may be
printed or otherwise produced on any bonds in lieu of being manually affixed thereto, and
a facsimile of the chair's signature may be printed or otherwise reproduced on any interest
coupons in lieu of being manually subscribed, provided, that the bonds have been manually
authenticated by a transfer agent of the bond issue. Delivery of the bonds executed shall
be valid notwithstanding any changes in officers or in the seal of the...
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