11-97-3
Section 11-97-3 Filing of application for incorporation of corporation; authorization of incorporation
by governing body of county or municipality. A public corporation may be organized pursuant
to the provisions of this chapter in any county or municipality. In order to incorporate such
a public corporation, any number of natural persons, not less than three, who are duly qualified
electors of the determining county or the determining municipality, as in the case may be
applicable, shall first file a written application with the governing body of such county
or municipality, which application shall: (1) Contain a statement that the applicants propose
to incorporate a corporation pursuant to the provisions of this chapter; (2) State the proposed
location of the principal office of the corporation; (3) State that each of the applicants
is a duly qualified elector of the county or the municipality with whose governing body such
application is filed; and (4) Request that the governing...
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45-25-250.05
Section 45-25-250.05 Additional powers and rights. (a) The authority organized or operating
pursuant to this article shall, in addition to all other powers now or hereafter granted by
law, have the following powers and rights: (1) To borrow money for use for any of its corporate
purposes. (2) To sell, transfer, convey, grant options to purchase, or lease all or any part
of its system or systems for such consideration and on such terms as it shall deem advisable
and in the best interest of the authority. (3) To consent and agree to the assignment or payment
of any income received from the investment of any moneys or funds of the authority to any
other public corporation or public entity, including, without limitation, the county, of the
State of Alabama. (4) To loan or advance its funds to any person, at such, if any, interest
as it shall determine, for the purpose of financing the construction of a system or any part
thereof. (5) To contract with others for the construction of all or...
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45-29-140.06
Section 45-29-140.06 Financial powers and rights. (a) The authority organized or operating
pursuant to this article, in addition to all other powers now or hereafter granted by law,
shall have the following powers and rights: (1) To borrow money for use for any of its corporate
purposes. (2) To sell, transfer, convey, grant options to purchase, or lease all or any part
of its system or systems for such consideration and on such terms as it shall deem advisable
and in the best interest of the authority. (3) To consent and agree to the assignment or payment
of any income received from the investment of any moneys of funds of the authority to any
other public corporation or public entity including, without limitation, the county or the
State of Alabama. (4) To loan or advance its funds to any person at such, if any, interest
as it shall determine, for the purpose of financing the construction of a system or any part
thereof. (5) To contract with others for the construction of all or any...
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45-36-252.05
Section 45-36-252.05 Additional powers and rights. (a) The authority organized or operating
pursuant to this part, in addition to all other powers now or hereafter granted by law, shall
have the following powers and rights: (1) To borrow money for use for any of its corporate
purposes. (2) To sell, transfer, convey, grant options to purchase, or lease all or any part
of its system or systems for such consideration and on such terms as it shall deem advisable
and in the best interest of the authority. (3) To consent and agree to the assignment or payment
of any income received from the investment of any moneys or funds of the authority to any
other public corporation or public entity, including, without limitation, the county, of the
State of Alabama. (4) To loan or advance its funds to any person, at such, if any, interest
as it shall determine, for the purpose of financing the construction of a system or any part
thereof. (5) To contract with others for the construction of all or any...
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45-47-250.06
Section 45-47-250.06 Additional powers and rights. (a) The authority organized or operating
pursuant to this article, in addition to all other powers now or hereafter granted by law,
shall have the following powers and rights: (1) To borrow money for use for any of its corporate
purposes. (2) To sell, transfer, convey, grant options to purchase, or lease all or any part
of its system or systems for such consideration and on such terms as it shall deem advisable
and in the best interest of the authority. (3) To consent and agree to the assignment or payment
of any income received from the investment of any moneys or funds of the authority to any
other public corporation or public entity including, without limitation, the county or the
State of Alabama. (4) To loan or advance its funds to any person at such, if any, interest
as the authority shall determine, for the purpose of financing the construction of a system,
or any part thereof. (5) To contract with others for the construction of...
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45-49A-10.07
Section 45-49A-10.07 Lease, sale, donation, or transfer of property to the corporation. Mobile
County or the City of Bayou La Batre, or any city within the county, is authorized, but not
required, to lease, sell, donate, or otherwise convey to the corporation, real or personal
property, including park properties, without the necessity of authorization by election of
the qualified voters of the county, the city, and the governing body of the county or any
other city within the county, is hereby authorized to enter into any agreements which such
corporation may deem necessary in order to effectuate such lease, sale, donation, or transfer.
The governing body of Mobile County, the City of Bayou La Batre, or any other city within
the county, is further authorized to covenant with the corporation, which covenant shall likewise
constitute a contract with the holders of any revenue bonds, notes, or other obligations thereafter
issued by the corporation, that it will not acquire, construct, or...
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9-6-13
Section 9-6-13 Aid and cooperation of political subdivisions, agencies or other instrumentalities
of state. For the purpose of effecting the control, abatement or prevention of water, air
or general environmental pollution or of aiding or cooperating with the authority in the planning,
development, undertaking, construction, extension, improvement, operation or protection of
equipment, facilities, apparatus and systems, the purpose of which is to control, abate or
prevent any such pollution, any county, municipality or other political subdivision, public
corporation, agency or instrumentality of this state may, upon such terms and with or without
consideration, as it may determine: (1) Lend or donate money to or perform services for the
benefit of the authority; (2) Donate, sell, convey, transfer, lease or grant to the authority,
without the necessity of authorization at any election of qualified voters, any property of
any kind, any interest therein and any franchise; and (3) Do any...
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10A-10-1.09
Section 10A-10-1.09 Powers. A real estate investment trust has the power to: (1) Unless the
declaration of trust provides otherwise, have perpetual existence unaffected by any rule against
perpetuities. (2) Sue, be sued, complain, and defend in all courts. (3) Transact its business,
carry on its operations, and exercise the powers granted by this chapter in any state, territory,
district, or possession of the United States and in any foreign country. (4) Make contracts,
incur liabilities, and borrow money. (5) Sell, mortgage, lease, pledge, exchange, convey,
transfer, and otherwise dispose of all or any part of its assets. (6) Issue bonds, notes,
and other obligations, and secure them by mortgage or deed of trust of all or any part of
its assets. (7) Subject to Section 10A-10-1.10, acquire by purchase, or in any other manner,
take, receive, own, hold, use, employ, improve, encumber, and otherwise deal with any interest
in real and personal property, wherever located. (8) Purchase,...
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11-50-444
Section 11-50-444 Disposition of moneys received from operation of waterworks plant and system.
All money collected from the sale of water or received in any way from the use of the municipal
waterworks plant and waterworks system shall be deposited in the municipal depositories and
shall be distributed by the board as required by the governing body of the municipality. (Acts
1953, No. 860, p. 1152, §15.)...
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11-63-2
Section 11-63-2 Loans, grants, etc., of property, payment of principal or interest on outstanding
bonds and securities, etc., by municipalities for assistance of related public corporations
authorized generally; issuance of bonds by municipalities to provide moneys for loans, payments,
etc., generally; creation of irrevocable trust funds for payment of corporate securities.
(a) In addition to all other powers that a municipality may have with respect to a related
public corporation, any municipality may, with or without consideration and on such terms
as its governing body may deem advisable: (1) Lend or donate money to, or perform services
for the benefit of, a related public corporation; (2) Donate, convey, transfer, lease, or
grant to a related public corporation any property of any kind; (3) Pay, or provide for the
payment of, the principal of or interest on any then outstanding bonds or other securities
theretofore issued by a related public corporation, whether or not such...
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