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11-92A-15
Section 11-92A-15 Security for bonds. (a) In the discretion of the board of directors of an
authority, any bonds may be secured by an indenture between an authority and a trustee, which
may be any trust company or bank having trust powers, whether such trust company or bank is
located within or without the state. In any such indenture or resolution providing for the
issuance of bonds an authority may pledge, for payment of the principal of and the interest
on such bonds, any of its revenues to which its right then exists or may thereafter come into
existence, including, but not limited to, revenues or other money or property pledged to it
by any public or private person, and may assign, as security for such payment, any of its
leases, loan agreements, franchises, permits, and contracts. In any such indenture, an authority
may mortgage any of its properties, including any that may be thereafter acquired by it, and
may provide that in the event of a default in payment of the bonds...
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11-94-12
Section 11-94-12 Bonds of authority - Indenture; lien; remedies of bondholders. In the discretion
of its board, any bonds issued by an authority may be secured by an indenture between an authority
and a trustee, which may be any trust company or bank having trust powers, whether such bank
or trust company is located within or without the state. In any such indenture or resolution
providing for the issuance of bonds an authority may pledge, for payment of the principal
of and the interest on such bonds, any of its revenues to which its right then exists or may
thereafter come into existence and may assign, as security for such payment, any of its leases,
franchises, permits and contracts; and in any such indenture, an authority may mortgage any
of its properties, including any that may be thereafter acquired by it, and may provide that
in the event of a default in payment of the bonds secured thereby or in the event of default
with respect to any agreement contained therein, such...
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19-3B-103
which is exercisable by another person only upon consent of the trustee or a person holding
an adverse interest. (12) PRESUMPTIVE REMAINDER BENEFICIARY means a person who would be entitled
to the principal of a trust if the income interest were immediately terminated, and if a trust
contains a power of appointment, then the holder of such power of appointment shall also be
a presumptive remainder beneficiary. (13) PROPERTY means anything that may be the subject
of ownership, whether real or personal, legal or equitable, or any interest therein.
Property includes choses in action, claims, and interests created by beneficiary designation
under policies of insurance, financial instruments and deferred compensation and other retirement
arrangements, whether revocable or irrevocable. (14) QUALIFIED BENEFICIARY means a living
beneficiary who, on the date the beneficiary's qualification is determined: (A) is a distributee
or permissible distributee of trust income or principal; (B) would be a...
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37-13-1
without limitation, the Department of Transportation. (9) INDENTURE. A mortgage, an indenture
of mortgage, deed of trust, trust agreement, or trust indenture executed by an authority as
security for bonds. (10) PERSON. An individual, a corporation, a partnership, or a foreign
domestic association. (11) RAILROAD. A common carrier by railroad as defined in Section 1(3)
of Part I of the Interstate Commerce Act, codified as 49 U.S.C. ยง1(3). (12) RAILROAD PROPERTIES
AND FACILITIES. Any real or personal property or interest in such property which is
owned, leased, or otherwise controlled by a railroad or other person, including, without limitation,
an authority, and which is used or is useful in rail transportation service, including, without
limiting the generality of the foregoing: a. Track, roadbed, and related structures, including
rail, ties, ballast, other track materials, grading, tunnels, bridges, trestles, culverts,
elevated structures, stations, office buildings used for...
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45-37A-54.34
and other public meetings, and pertinent indoor and outdoor recreational facilities, recreation
centers, playing fields, courts, gymnasiums, club houses, parking facilities and areas, other
suitable concessions appertaining thereto, related buildings, and all facilities and properties
incidental and necessary to a complex suitable for any or all types of sports and recreation,
on, above, and below the ground, appurtenances, incidentals, and all types of property therefor,
real or personal, or both real and personal, including servitudes and rights-of-way,
or any combination. (3) Acquire by purchase or lease the land and any other property that
may be necessary and appropriate to the execution of the purposes of the district. (4) Enter
into contracts for the use of the facilities or any portion of the facilities pursuant to
subdivision (2), with any person or corporation, public or private, with the State of Alabama
or any of its various agencies, or with any political...
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11-94-9
office in the municipality which is an authorizing subdivision and sub-offices at such other
place or places within the county which is an authorizing subdivision as its board may designate;
(4) To sue and be sued in its own name, excepting actions in tort against the authority; (5)
To acquire, whether by purchase, construction, exchange, gift, lease, or otherwise and to
improve, equip, and furnish and to own and maintain one or more projects or parts thereof,
including all real and personal properties and interests therein which its board may
deem necessary in connection therewith, regardless of whether or not any such project or projects
shall then be in existence; (6) To acquire, whether by purchase, construction, exchange, gift,
or otherwise and to improve rights-of-way, streets, approaches, roads, railroad lines, interests
in land, including the fee simple title to real property and riparian rights necessary or
useful and convenient in gaining access, entry, or approach to...
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37-16-3
Section 37-16-3 Definitions. As used in this chapter, the following terms shall have the following
meanings: (1) ADVANCED COMMUNICATIONS CAPABILITIES. The communications capabilities defined
from time to time as advanced telecommunications capabilities by the Federal Communications
Commission (FCC) through regulations, statutes, or other written guidance or orders. The term
also includes broadband systems and broadband services. (2) BROADBAND AFFILIATE. A person
that is at least 10 percent owned by an electric provider, controlled by way of ownership
interests therein, directly or indirectly, by the electric provider, or under common control
with the electric provider, and which is formed to provide, among other services, utility
support services or nonutility support services. (3) BROADBAND OPERATOR. A person that owns
or operates a broadband system within an electric easement, including the electric provider
if the electric provider is operating the broadband system and including a...
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41-29-501
Section 41-29-501 Definitions. (a) For the purposes of this article, the following words and
phrases shall have the following meanings: (1) AUTHORITY. The public corporation organized
pursuant to the provisions of Sections 41-10-20 through 41-10-32. (2) AUTHORIZED PURPOSE.
Any one or more of the purposes for which grants are herein authorized to be made as specified
in Section 41-29-503(a). (3) BOARD OF DIRECTORS. The board of directors of the authority.
(4) BOND. The bonds issued under the provisions of this article. (5) CAPITAL COSTS. All costs
and expenses incurred by one or more investing companies in connection with the acquisition,
construction, installation, and equipping of a qualifying project during the period commencing
with the date on which such acquisition, construction, installation, and equipping commences
and ending on the date on which the qualifying project is placed in service, including, without
limitation of all of the following: a. The costs of acquiring,...
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45-17-91.23
authorized by law to do so, expend any moneys so appropriated to it out of the Shoals Economic
Development Fund without any further consent or other action on the part of the committee.
(c) Subject to succeeding provisions of this subpart, including particularly, but without
limitation, those provisions hereof respecting the investment of moneys held in and forming
a part of the Shoals Economic Development Fund, and the management, use, and disposition of
other properties, whether real or personal, tangible or intangible, contributed to
such fund, all moneys held in and forming a part of the Shoals Economic Development Fund,
whether such moneys may be characterized as either principal or income of such fund, may be
expended or appropriated, and all other properties contributed to such fund may be used, only
for the following purposes: (1) To induce the location, within either of the counties or any
city or town therein, of (i) new manufacturing, industrial, and research enterprises,...
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11-97-10
such corporation; provided, that any corporation may enter into contracts with the holders
of any of its bonds preventing such corporation from thereafter issuing general obligation
bonds or limiting the amount of such bonds that may thereafter be issued. To the extent permitted
by any contracts with the holders of outstanding bonds and any other contractual obligations
or requirements, any corporation may pledge any of its revenues or mortgage or assign any
of its assets, whether real or personal and whether tangible or intangible, to secure
the payment of any of its bonds. (b) As security for payment of the principal of and the interest
and premium, if any, on any bonds issued or assumed by it, any corporation may enter into
a contract or contracts, and adopt resolutions or other proceedings containing provisions
constituting a part of the contract or contracts with the holders of such bonds, pertaining
to, among other things, the following matters: (1) Pledging all or any part of...
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