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11-50A-14
Section 11-50A-14 Right to receivership upon default. (a) In the event that the authority shall
default in the payment of the principal of or interest on any of its bonds, bond anticipation
notes or notes after they shall become due, whether at maturity or upon call for redemption,
and such default shall continue for a period of 30 days, or if the authority shall default
in any material respect in any agreement made with the holders of the bonds, bond anticipation
notes or notes, any holder of bonds, bond anticipation notes or notes, or trustee therefor,
shall have the right to apply in an appropriate judicial proceeding to the Montgomery County
circuit court for the appointment of a receiver for the project, the revenues of which were
pledged for payment of the principal of and interest due on the bonds, bond anticipation notes
or notes, whether or not all bonds, bond anticipation notes or notes have been declared due
and payable and whether or not the holder, or trustee therefor, is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-14.htm - 4K - Match Info - Similar pages
11-50-529
Section 11-50-529 Bonds - Rights and remedies of bondholders. In addition to all other remedies
available under this chapter or by law, any holder of any bonds issued by the corporation,
including the trustee under any mortgage or deed of trust executed as security therefor, shall
have the right, subject to any contractual limitations and to the prior or superior rights
of others: (1) By mandamus or other suit, action or proceeding to enforce his rights against
the corporation and the board and its officers, including the right to require the fixing
and collection of uniform schedules of rates and charges adequate to carry out any agreement
made by the corporation as to, or pledge of, the revenues of the corporation, and to require
the corporation and the board and its officers to carry out any other agreements with the
holders of such bonds and the trustee; (2) By civil action to enjoin any acts or things which
may be unlawful or in violation of the rights of the holders of the bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-529.htm - 2K - Match Info - Similar pages
11-50A-20
Section 11-50A-20 Trust agreement. In the discretion of the authority, any issue of bonds may
be secured by a trust agreement or indenture made by the authority with a corporate trustee,
which may be any trust company or bank within or without the state having the powers of a
trust company. The trust agreement or indenture may pledge or assign any revenues to be received
by the authority and any proceeds which may be derived from the disposition of any real or
personal property of the authority or proceeds of insurance carried thereon. The resolution
providing for the issuance of bonds and the trust agreement or indenture may contain any provisions
the authority deems necessary or appropriate for protecting and enforcing the rights and remedies
of the bondholders, including the right of appointment of a receiver upon default in the payment
of any principal or interest obligation and the right of any receiver or trustee to enforce
collection of any rates, fees, tolls, charges, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-20.htm - 3K - Match Info - Similar pages
41-10-102
Section 41-10-102 Remedies upon default on bonds, etc. (a) Remedies upon default on bonds or
indenture. If there shall be any default in the payment of the principal of or interest on
any of the bonds issued under this article, or in the performance of any provisions of the
indenture or proceedings authorizing the issuance of such bonds, then the holder of any of
the bonds and the interest coupons applicable thereto and the trustee under such indenture
or any one or more of them shall have and may exercise any one or more of the following remedies:
(1) They may by civil action, mandamus, injunction or other proceeding compel the performance
of all duties of the officers and directors of the corporation with respect to the use of
funds for the payment of the bonds and for the performance of the bonds and the agreements
of the corporation contained in the bonds, the indenture or in the proceedings under which
they were issued; (2) They may institute a civil action and shall be entitled...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-102.htm - 4K - Match Info - Similar pages
19-3B-816
Section 19-3B-816 Specific powers of trustee. (a) Without limiting the authority conferred
by Section 19-3B-815, a trustee may: (1) collect trust property and accept or reject additions
to the trust property from a settlor or any other person, including, but not being limited
to, the authority to receive, collect, hold, and retain common or preferred stock or other
interests in the trustee or any related party; (2) acquire or sell property, for cash or on
credit, at public or private sale; (3) exchange, partition, or otherwise change the character
of trust property; (4) deposit trust money in an account in a regulated financial-service
institution; (5) borrow money, with or without security, and mortgage or pledge trust property
for a period within or extending beyond the duration of the trust; (6) with respect to an
interest in a proprietorship, partnership, limited liability company, business trust, corporation,
or other form of business or enterprise, continue the business or other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3B-816.htm - 10K - Match Info - Similar pages
3-5-12
Section 3-5-12 Proceedings for recovery of livestock or animal by owner; determination of validity
of seizure, amount of damages, etc., where owner unknown, etc.; fees and costs of district
court judge and officer making seizure; appeals from judgment of district court. (a) The owner
of any livestock or animal which has been seized shall have the right to possession of the
same by paying such judgment and the costs thereof or, if no judgment has been entered, by
paying such damages as may be agreed upon together with fees and costs and expenses due on
account of such seizure to the person or officer so seizing such livestock or animal or to
the person who may at the time of such payment have such livestock or animal in his possession
and by paying to the court the costs of the court incurred to the time of such payment. Should
the parties be unable to agree upon the amount of damages, fees, costs and expenses due, either
party shall have the right to go before any district court judge...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/3-5-12.htm - 5K - Match Info - Similar pages
45-11-80
Section 45-11-80 Additional costs and fees; Juvenile Court Services Fund; Judicial Administration
Fund. (a) In Chilton County, in addition to all other fees, there shall be taxed as costs
the sum of five dollars ($5) in each civil or quasi-civil action at law, suit in equity, criminal
case, quasi-criminal case, proceedings on a forfeited bail bond or proceedings on a forfeited
bond given in connection with an appeal from a judgment or conviction in any inferior or municipal
court of the county, in the Circuit Court of Chilton County, or the District Court of Chilton
County, hereinafter filed in or arising in the Circuit Court of Chilton County, or the District
Court of Chilton County, or brought by appeal, certiorari or otherwise to the Circuit Court
of Chilton County, or the District Court of Chilton County, which costs shall be collected
as other costs in such cases are collected by the clerk, or ex officio clerk, of the courts
or the register of the Circuit Court of Chilton County,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-11-80.htm - 4K - Match Info - Similar pages
11-58-8
Section 11-58-8 Bonds - Security for payment of principal and interest; remedies upon default.
The principal of and interest on any bonds issued by a corporation organized under the authority
of this chapter shall be secured by a pledge of the rentals and other receipts of all or any
part of the medical clinic and its facilities financed in whole or in part with the proceeds
of such bond issue or with the proceeds of bonds refunded or to be refunded by such issue,
may be secured by a mortgage covering all or any part of the clinic from which the revenues
so pledged may be derived and may be secured by a pledge of the lease of such clinic. The
proceedings under which such bonds are authorized to be issued or any such mortgage may contain
any agreements and provisions customarily contained in instruments securing bonds, including,
without limiting the generality of the foregoing, provisions respecting the fixing and collection
of rents for any clinic or clinical facilities covered by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-58-8.htm - 2K - Match Info - Similar pages
12-12-70
Section 12-12-70 Right of appeal and procedure for appeals generally; dismissal for failure
to appear. (a) Civil cases. Any party may appeal from a final judgment of the district court
in a civil case by filing notice of appeal in the district court, within 14 days from the
date of the judgment or the denial of a posttrial motion, whichever is later, or, if the appeal
is to an appellate court, within the time prescribed by the Alabama Rules of Appellate Procedure
or the Alabama Rules of Juvenile Procedure where applicable, together with security for costs
as required by law or rule. (b) Criminal cases. A defendant may appeal from a final judgment
of the district court in a criminal or quasi-criminal case by filing notice of appeal within
14 days from the date of judgment or from the date of denial of a post-trial motion, whichever
is later, together with such bond as may be fixed by the court, conditioned upon the defendant's
appearance before the circuit court; provided, however, that...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-12-70.htm - 5K - Match Info - Similar pages
37-6-3
Section 37-6-3 Enumerated powers. A cooperative shall have the power: (1) To sue and be sued
in its corporate name. (2) To adopt a corporate seal and alter the same at its pleasure. (3)
To generate, manufacture, purchase, acquire and transmit electric energy and to distribute,
sell, supply and dispose of electric energy to its members, to governmental agencies and political
subdivisions and to other persons; provided, however, that should a cooperative acquire any
electric facilities dedicated or devoted to the public use, it may continue to serve the persons
served directly from such facilities at the time of such acquisition without requiring that
such persons become members, and, provided further, that such nonmembers shall have the right
to become members upon nondiscriminatory terms. Cooperatives may not condition membership
or provision of service on compliance by the member with requirements not directly related
to the electric or other service to be provided by the cooperative....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-6-3.htm - 19K - Match Info - Similar pages
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