11-92B-12
Section 11-92B-12 Bonds of the authority. (a) Bonds of an authority shall be signed by the
chair or vice chair and attested to by the secretary or assistant secretary. The seal of an
authority shall be affixed thereto. A facsimile of the signature of the officers may be printed
or otherwise reproduced on any such bonds in lieu of being manually subscribed thereon, and
a facsimile of the seal of an authority may be printed or otherwise produced on any such bonds
in lieu of being manually affixed thereto, provided that the bonds have been manually authenticated
by a transfer agent of the bonds issued. Delivery of the bonds so executed shall be valid
notwithstanding any subsequent changes in officers or in the seal of an authority. (b) Bonds
may be executed and delivered by an authority at any time. The bonds shall be in such form
and denominations and of such tenor and maturities, shall bear such rate or rates of interest
or no interest, shall be payable at such times, and shall be...
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41-22-3
Section 41-22-3 Definitions. The following words and phrases when used in this chapter shall
have the meanings respectively ascribed to them in this section, except when the context otherwise
requires: (1) AGENCY. Every board, bureau, commission, department, officer, or other administrative
office or unit of the state, including the Alabama Department of Environmental Management,
other than the Legislature and its agencies, the Alabama State Port Authority, the courts,
the Alabama Public Service Commission, or the State Banking Department, whose administrative
procedures are governed by Sections 5-2A-8 and 5-2A-9. The term does not include boards of
trustees of postsecondary institutions, boards of plans administered by public pension systems,
counties, municipalities, or any agencies of local governmental units, unless they are expressly
made subject to this chapter by general or special law. (2) COMMITTEE. The Joint Committee
on Administrative Rule Review, comprised of the members of...
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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...
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40-2B-2
Section 40-2B-2 Alabama Tax Tribunal. (a) Statement of Purpose. To increase public confidence
in the fairness of the state tax system, the state shall provide an independent agency with
tax expertise to resolve disputes between the Department of Revenue and taxpayers, prior to
requiring the payment of the amounts in issue or the posting of a bond, but after the taxpayer
has had a full opportunity to attempt settlement with the Department of Revenue based, among
other things, on the hazards of litigation. By establishing an independent Alabama Tax Tribunal
within the executive branch of government, this chapter provides taxpayers with a means of
resolving controversies that insures both the appearance and the reality of due process and
fundamental fairness. The tax tribunal shall provide hearings in all tax matters, except those
specified by statute, and render decisions and orders relating thereto. A tax tribunal hearing
shall be commenced by the filing of a notice of appeal protesting...
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11-50-416
Section 11-50-416 Purpose of article; proceedings, notices, etc., required by article for incorporation,
etc., exclusive; exemption of districts from jurisdiction and regulation of state public service
commission. (a) 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. (b) Except as in this article expressly otherwise provided,
no proceeding, notice or approval shall be required for the incorporation of any gas district
or the amendment of its articles of incorporation, the acquisition of any property or system
or systems or the making of any loans or the issuance of any bonds or instruments in evidence
thereof or as security therefor, any other law to the contrary notwithstanding. (c) Every
district incorporated under this article and every gas system of such district and the rates
and charges thereof shall be exempt from all...
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22-23A-15
Section 22-23A-15 Purpose of chapter. 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 community water
system, the issuance of any bonds, or the exercise of any other of its powers by the authority.
(Acts 1988, 1st Ex. Sess., No. 88-857, p. 338, §15.)...
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22-29-3
Section 22-29-3 Incorporation - Authorized. The Governor, the State Health Officer and the
Director of Finance shall become a public corporation with the power and authority provided
in this chapter by proceeding according to the provisions of this chapter. (Acts 1971, No.
42, p. 279, §3.)...
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24-1A-15
Section 24-1A-15 Freedom of authority from state supervision and control; authority deemed
independent instrumentality. This chapter is intended to aid the state through the furtherance
of the purposes of the 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, the purchase of any mortgage loans or the making of any loan to a mortgage
lender, the acquisition of any mortgage, the acquisition of, or any dealing with respect to,
any mortgaged property, 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. (Acts
1980, No. 80-585, p. 899, §17.)...
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14-2-3
Section 14-2-3 Incorporation by state officials - Authority. The Governor, the Commissioner
of Corrections, the Director of Finance, the Lieutenant Governor and the Attorney General
may become a public corporation with the power and authority provided in this chapter by proceeding
according to the provisions of this chapter. (Acts 1965, No. 678, p. 1226, §3.)...
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11-97-13
Section 11-97-13 Freedom of corporation from supervision and control of state; applicability
of certain laws regarding operation of facilities. (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 corporation 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 a corporation.
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...
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