11-99B-11
Section 11-99B-11 Establishment and revision of rentals, licenses, rates, fees, and charges
for services or facilities rendered by district. Rates, fees, charges, rentals, and licenses
for services rendered by the district or facilities provided by the district from any of its
projects shall be so fixed and, from time to time, revised as at all times to provide funds
at least sufficient, taking into account other sources for the payment thereof, to: (1) Pay
the cost of operating, maintaining, repairing, replacing, extending, and improving the project
or projects of the district. (2) Pay the principal of and the interest on all bonds issued
and obligations assumed by the district that are payable out of the revenues derived from
operation of the project or projects of the district as the said 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 trust indenture executed by the district...
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2-10-58
Section 2-10-58 Provisions of bylaws. Each association incorporated under this article shall,
within 30 days after its incorporation, adopt for its government and management bylaws not
inconsistent with the powers granted by this article. A majority vote of the members or stockholders
or their written assent is necessary to adopt such bylaws. Each association, under its bylaws,
may also provide for any or all of the following matters: (1) The time, place and manner of
calling and conducting its meetings; (2) The number of stockholders or members constituting
a quorum; (3) The right of members or stockholders to vote by proxy or by mail or by both
and the conditions, manner, form and effects of such votes; (4) The number of directors constituting
a quorum; (5) The qualification, compensation, duties and term of office of directors and
officers, the time of their election and the mode and manner of giving notice thereof; (6)
Penalties for violations of the bylaws; (7) The amount of...
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41-10-54
Section 41-10-54 Powers of authority generally; acquisition by eminent domain of real property
or rights owned by railroads or utilities not authorized. (a) The authority shall have the
following powers: (1) To have succession by its corporate name until it is dissolved; (2)
To adopt bylaws for the regulation of its affairs and the conduct of its business; (3) To
adopt and use an official seal and alter the same at pleasure; (4) To maintain a principal
office in Jefferson County, Alabama, and suboffices at such places within the state as it
may designate; (5) To sue and be sued and to prosecute and defend civil actions in any court
having jurisdiction of the subject matter and of the parties; (6) To acquire by purchase,
gift, condemnation or any other lawful means any real, personal or mixed property necessary
or convenient in connection with the purpose for which the authority is formed and to hold
title to such property, together with all rights incidental to its estate in such...
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11-32-8
Section 11-32-8 Rates and charges. (a) Rates, fees, and charges for public transportation service
rendered by the authority from any of its transit systems shall be so fixed and from time
to time revised as at all times to provide funds that, when added to all other revenues including
tax proceeds anticipated to be received by the authority shall be at least sufficient to do
all of the following: (1) Pay the cost of operating, maintaining, repairing, replacing, extending,
and improving the systems from which such services are rendered. (2) Pay the principal of
and the interest on all bonds issued and obligations assumed by the authority that are payable
out of the revenues derived from operation of those systems, as the principal and interest
become due and payable. (3) Create and maintain reserves for the foregoing purposes or any
of them as may be provided in any mortgage, deed of trust, or trust indenture executed by
the authority or in any resolutions of the board authorizing the...
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11-89-12
Section 11-89-12 Establishment and revision of rates, fees, and charges for services rendered
by district. Rates, fees, and charges for water service, sewer service, and fire protection
service rendered by the district from any of its water systems, sewer 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 issued and obligations assumed
by the district that are payable out of the revenues derived from operation of those systems
and facilities as the said principal and interest become due and payable; (3) Create and maintain
such reserve 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 district under...
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16-13-71
Section 16-13-71 Terms and conditions; sale; use of proceeds. (a) Warrants issued pursuant
to the provisions of this article may bear such rate or rates of interest, not exceeding 12
percent per annum, payable semiannually (provided that the first interest payment date may
be at any time not later than nine months after the date of such warrants), may be in such
denomination or denominations, may have such maturity or maturities not exceeding 30 years
from their date (provided that warrants payable, as to both principal and interest, out of
the proceeds of any privilege, license or excise tax or taxes, may have a maturity or maturities
not exceeding 40 years from their date), may be made redeemable prior to maturity at the option
of the issuing board of education at such redemption price or prices and on such terms and
conditions, may be payable at such place or places within or without this state, may be executed
in such manner and may contain such terms and details not in conflict...
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16-36-62
Section 16-36-62 Local textbook committee. (a) A local textbook committee or committees shall
be appointed by each separate local board of education. The number, size, and composition,
which shall include parents, of the committee or committees shall be determined by each local
board of education. A copy of local school board policies in regard to local textbook committees
shall be kept on file by each local superintendent. Names of each person serving on a local
textbook committee shall also be kept on file by each local superintendent. (b) In order to
qualify as a member of the committee, each member of the local textbook committee and its
secretary shall prepare an affidavit to be filed with the local board of education within
10 days after notice of the member's appointment stating each of the following: (1) The member
agrees to discharge faithfully all the duties imposed upon him or her as a member or as secretary
of the textbook committee. (2) The member has no interest, directly...
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16-60-111.11
Section 16-60-111.11 Additional powers of board. (a) The board may exercise all of the following
powers: (1) To borrow money from the United States of America or any department or agency
thereof, or from any person, firm, corporation, or other lending agency for the purchase,
construction, enlargement, or alteration of any buildings or other improvements, including
dormitories, dining halls, classrooms, laboratories, libraries, stadiums, administration buildings,
and any other buildings and appurtenances thereto suitable for use by the institution or institutions
with respect to which the borrowing is made, or for the benefit of the Alabama Community College
System or one or more of its programs, the acquisition of furniture and equipment for any
thereof, the purchase of land, the beautification of grounds, and the construction of swimming
pools, tennis courts, athletic fields, and other facilities for physical education, all for
use by such institution or institutions, and for the...
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33-15-7
Section 33-15-7 Rates, fees and charges; user permits. (a) Rates, fees and charges for services
rendered by the authority from any of its facilities shall be fixed and from time to time
revised by the authority; provided, that such rates, fees and charges shall be so fixed as
at all times to provide funds at least sufficient: (1) To pay the cost of operating, maintaining,
repairing, replacing, extending and improving the facilities and other property from which
such services are rendered; (2) To pay the principal of and the interest on all bonds issued
and obligations assumed by the authority that are payable out of the revenues derived from
the operation of those facilities as the said principal and interest become due and payable;
(3) To 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
hereunder or in any resolutions of the board of directors authorizing the...
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36-27-25
Section 36-27-25 Funds for assets of retirement system - Management. (a) The Board of Control
shall be the trustees of the several funds of the Employees' Retirement System created by
this article as provided in Section 36-27-24 and shall have full power to invest and reinvest
the funds, through its Secretary-Treasurer in the classes of bonds, mortgages, common and
preferred stocks, shares of investment companies or mutual funds, or other investments as
the Board of Control may approve, with the care, skill, prudence, and diligence under the
circumstances then prevailing that a prudent person acting in a like capacity and familiar
with such matters would use in the conduct of an enterprise of a like character and with like
aims. Subject to like terms, conditions, limitations and restrictions, the Board of Control,
through its Secretary-Treasurer, shall have full power to hold, purchase, sell, assign, transfer,
and dispose of any investments in which the funds created in Section...
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