Code of Alabama

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11-50-262
sale of gas to municipalities authorized. (a) Any waterworks board shall also have the power
to borrow money and to issue revenue bonds as evidence of any money so borrowed, which bonds
shall be payable solely from the revenues derived from the operation of such gas plant and
system. As security for any money so borrowed, together with interest thereon and any obligations
incurred or assumed, the board shall have the power to mortgage, pledge, or otherwise transfer
and convey its real, personal, and mixed property or any part or parts thereof, whether
then owned or thereafter acquired, including its franchises owned and thereafter acquired
and all or any part of the revenues derived from such plant or system or any part thereof.
The instrument whereunder such mortgage or pledge shall be made may contain such agreements
as the board of directors of such corporation shall deem advisable respecting the operation
and maintenance of such property and respecting the rights and duties of...
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45-37A-54.67
shall have the power to borrow money and to issue revenue bonds as evidence of any money so
borrowed, which bonds shall be payable solely from the revenues derived from the fairs, exhibitions,
amusements, and other activities and enterprises in which the authority is hereby authorized
to engage. As security for any money so borrowed, together with interest thereon and any obligations
incurred or assumed, the authority may mortgage, pledge, or otherwise transfer and convey
its real, personal, and mixed property, or any part or parts thereof, whether then
owned or thereafter acquired, including any franchises then owned or thereafter acquired,
and all or any part of the revenues derived from the fairs, exhibitions, amusements, and other
activities and enterprises in which the authority is hereby authorized to engage. The instrument
whereunder such mortgage or pledge shall be made may contain such agreements as the authority
shall deem advisable respecting the rights and duties...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-54.67.htm - 3K - Match Info - Similar pages

45-37-90.06
bonds shall be payable solely from taxes made payable to the authority by any act of the Legislature
heretofore or hereafter adopted and from the revenues of the authority derived from the activities,
operations, and enterprises in which the authority is hereby authorized to engage. As security
for any money so borrowed, together with interest thereon, and any obligations incurred or
assumed, the authority, in its discretion, may mortgage, pledge, or otherwise transfer and
convey its real, personal, and mixed property, or any part or parts thereof, whether
then owned or thereafter acquired, including any franchises then owned or thereafter acquired,
and all or any part of the taxes payable to the authority under any act of the Legislature
heretofore or hereafter adopted, and all or any part of revenues desired from the activities,
operation, and enterprises in which the authority is hereby authorized to engage. In the resolution
authorizing such revenue bonds or the mortgage given to...
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45-39A-11.05
bonds shall be payable solely from taxes made payable to the authority by an act of the Legislature
heretofore or hereafter adopted and from the revenues of the authority derived from the activities,
operations, and enterprises in which the authority is hereby authorized to engage. As security
for any money so borrowed, together with interest thereon, and any obligations incurred or
assumed, the authority, in its discretion, may mortgage, pledge, or otherwise transfer and
convey its real, personal, and mixed property, or any part or parts thereof, whether
then owned or thereafter acquired, including any franchises then owned or thereafter acquired,
and all or any part of the taxes payable to the authority under any act of the Legislature
heretofore or hereafter adopted and all or any part of revenues derived from the activities,
operation, and enterprises in which the authority lawfully engages. In the resolution authorizing
such revenue bonds or the mortgage given to secure the...
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45-49A-10.05
bonds. (a) The corporation shall have the power to borrow money and to issue revenue bonds
as evidence of any money borrowed, which bonds shall be payable solely from the revenues derived
from the activities and enterprises in which the corporation is hereby authorized to engage.
As security for any money so borrowed, together with interest thereon, and any obligations
incurred or assumed, the corporation in its discretion may mortgage, pledge, or otherwise
transfer and convey its real, personal, and mixed property, or any part or parts thereof,
whether then owned or thereafter acquired, including any franchises then owned or thereafter
acquired, and all or any part of the revenues derived from the activities or enterprises in
which the corporation is hereby authorized to engage. (b) When the corporation deems it advisable,
convenient, necessary, or expedient to issue such bonds, it shall so resolve and all the provisions
of the resolution or mortgage and of such covenants and...
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41-9-682
any of the aforesaid facilities. (c) The authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof: (1) To adopt, alter
and repeal bylaws, not inconsistent with the provisions of this section, for the regulation
and conduct of its affairs and business; (2) To acquire, whether by purchase, construction,
exchange, gift, lease or otherwise and to improve, maintain, equip and furnish one or more
projects, including all real and personal properties which the members of the authority
may deem necessary in connection therewith, regardless of whether or not any such projects
shall then be in existence; (3) To lease to others any or all of its projects and properties
and to charge and collect rent therefor and to terminate any such lease upon the failure of
the lessee to comply with any of the obligations thereof; (4) To receive and accept, from
any source, aid or contributions of money, property, labor or other items of value...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-682.htm - 13K - Match Info - Similar pages

11-92B-10
to hold, keep, improve, maintain, and impose restrictive covenants and land use controls, to
engage in environmental remediation and restoration efforts as required under applicable agreements
with the United States Department of Defense, to equip, furnish, develop, and to transfer,
convey, donate, sell, lease, grant options to, assign, encumber with easements and mortgages
and other security agreements, or otherwise convey or dispose of property of every kind and
character, real, personal, mixed, tangible, and intangible, and any interest therein,
to any person, with the authority receiving adequate consideration, as solely determined by
the authority upon the authority's consideration of tangible and intangible factors in determining
if adequate consideration is to be received by the authority. (5) To make, enter into, and
execute such contracts, agreements, cooperative agreements, leases, loan agreements, orders,
mortgages, deeds, and other legal arrangements and to take...
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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...
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11-89A-8
to defend suit against it; (3) To adopt and make use of a corporate seal and to alter the same
at pleasure; (4) To adopt, alter, and repeal bylaws, regulations, and rules, not inconsistent
with the provisions of this chapter, for the regulation and conduct of its affairs and business;
(5) To acquire, whether by gift, purchase, transfer, foreclosure, lease, or otherwise, to
construct and to expand, improve, operate, maintain, equip, and furnish one or more facilities,
including all real and personal properties that its board may deem necessary in connection
therewith, regardless of whether or not any such facility shall then be in existence and,
if in existence, regardless of whether or not any such facility is then owned or leased by
any person to which such facility may subsequently be sold or leased by such authority; (6)
To borrow money and to sell and issue bonds as hereinafter provided for any corporate use
or purpose; (7) To lease to any person or persons all or any part of any...
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45-28-91.01
board shall be interested, directly or indirectly, in any contract of work, materials, or services.
(e) The board shall have the power to do all of the following: (1) To sue and be sued. (2)
To acquire property and rights and interests in property by gift, lease, or purchase. (3)
To have a seal and alter the same at pleasure. (4) To appoint officers, agents, or employees
as deemed necessary. (5) To make contracts and to execute all instruments necessary to lease
or purchase and own real or personal property to be used for the furtherance of the
purposes for the accomplishment of which the board is created. (6) To accept or receive gifts,
bequests, and devises. (7) To invest its funds not needed to meet disbursements in bonds or
obligations of the United States of America or deposit such funds in any bank or building
and loan association, provided the deposit is fully insured by a federal corporation or agency
of the federal government insuring deposits in financial institutions or...
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