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45-38-141.06
Section 45-38-141.06 Financial 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 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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45-46-90.06
Section 45-46-90.06 Powers of the authority. (a) The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time which may be perpetuity,
subject to Section 45-46-90.18, specified in its certificate of incorporation. (2) To sue
and be sued in its own name in civil suits and actions, excepting actions in tort, and to
defend suits against it. (3) To adopt and make use of a corporate seal and to alter the same
at pleasure. (4) To adopt and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, receive, and take, by purchase, gift, lease, devise, or otherwise,
and to hold property of every description, real, personal, or mixed. (6) To make, enter into,
and execute such contracts, agreements, leases, and other instruments and to take such other
actions as may be necessary or convenient to accomplish any...
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45-49A-64.09
Section 45-49A-64.09 Bonds of authority. (a) All bonds issued by the authority shall be signed
by the chair of its board or other chief executive officer and attested by its secretary,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to the bonds of the authority shall be signed by the chair of its board or other chief executive
officer; provided, that a facsimile of the signature of one, but not both, of the officers
may be printed or otherwise reproduced on any such bonds in lieu of his or her manually signing
the same. A facsimile of the seal of the authority may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto, and a facsimile of the signature
of the chair of its board or other chief executive officer may be printed or otherwise reproduced
on any such interest coupons in lieu of his or her manually signing the same. Any such bonds
may be executed and delivered by the authority at any time and...
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11-88-8
Section 11-88-8 Bonds of authority - Form, terms, denominations, etc.; sale; execution and
delivery; refunding; liability thereon; security for payment of principal and interest and
payment thereof generally; provisions in mortgages, deeds of trust or trust indentures executed
as security for payment of bonds generally. All bonds issued by the authority shall be signed
by the chairman of its board or other chief executive officer and attested by its secretary
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to the bonds of the authority shall be signed by the chairman of its board or other chief
executive officer; provided, that a facsimile of the signature of one, but not both, of said
officers may be printed or otherwise reproduced on any such bonds in lieu of his manually
signing the same, a facsimile of the seal of the authority may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto and a...
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16-17-12
Section 16-17-12 Statutory mortgage lien. Any resolution of the board or trust indenture under
which bonds may be issued pursuant to the provisions of this chapter may contain provisions
creating a statutory mortgage lien in favor of the holders of such bonds and of the interest
coupons applicable thereto on the ancillary improvements or any part thereof (including any
after-acquired property) out of the revenues from which such bonds are made payable. The said
resolution of the board or the said trust indenture may provide for the filing for record
in the office of the judge of probate of each county in which any part of such ancillary improvements
may be located of a notice containing a brief description of such ancillary improvements and
of the land relating thereto, a brief description of such bonds and a declaration that the
said statutory mortgage lien has been created upon such ancillary improvements (and upon such
land as shall be made subject to the lien) for the benefit of...
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16-18-13
Section 16-18-13 Statutory mortgage lien. Any resolution of the board or trust indenture under
which bonds may be issued pursuant to the provisions of this chapter may contain provisions
creating a statutory mortgage lien in favor of the holders of such bonds and of the interest
coupons applicable thereto on the ancillary improvements or any part thereof (including any
after-acquired property) out of the revenues from which such bonds are made payable. The said
resolution of the board or the said trust indenture may provide for the filing for record
in the office of the judge of probate of each county in which any part of such ancillary improvements
may be located of a notice containing a brief description of such ancillary improvements and
of the land relating thereto, a brief description of such bonds, and a declaration that the
said statutory mortgage lien has been created upon such ancillary improvements (and upon such
land as shall be made subject to the lien) for the benefit of...
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33-17-8
Section 33-17-8 Powers enumerated. The authority shall have the following powers: (1) To have
succession by its corporate name without time limit; (2) To bring civil actions and have civil
actions brought against it and to prosecute and defend in any court having jurisdiction of
the subject matter and of the parties; (3) To have and to use a corporate seal and to alter
the same at pleasure; (4) To receive, take and hold by sale, gift, lease, devise or otherwise
real and personal property of every kind and description, and to manage the same; (5) To acquire
by purchase, gift or the exercise of the power of eminent domain, or by any other lawful means,
any property, whether real, personal or mixed, the acquisition of which is found by the board
to be necessary or convenient to the authority in the carrying out of the purposes for which
the authority is authorized to be organized, and to lease or convey any such property or to
cause any such property to be leased or conveyed to the United...
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41-10-652
Section 41-10-652 Definitions. When used in this division, the following terms shall have the
following meanings unless the context clearly indicates otherwise: (1) ANCILLARY COSTS shall
mean the costs incurred in acquiring and constructing public improvements that benefit all
or any part of the project including, without limitation, (i) improvements to streets, roads
and bridges, (ii) improvements to water and sewer systems, gas and electric systems, and other
utilities providing services to any part of the project, (iii) improvements to the police,
fire, and emergency rescue services provided to the company by local governmental entities,
and (iv) improvements to transportation systems benefiting the company, such as railroad spur
and switching facilities. (2) AUTHORITY shall mean the Alabama 21st Century Authority, which
is provided for pursuant to Division 1. (3) BONDS shall mean the bonds that are authorized
herein to be issued by the authority. (4) COMPANY shall mean an...
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41-9-432
Section 41-9-432 Powers generally. The commission shall be authorized: (1) To investigate and
select an available site for housing the exhibits, including the surrounding grounds, in cooperation
with the Department of the Army and the community, taking into consideration all pertinent
factors affecting the suitability of such site; (2) To acquire by rent or lease agreement
or otherwise the necessary housing facilities and to establish, improve and enlarge the available
facility, including providing it with necessary equipment, furnishings, landscaping and related
facilities, including parking areas and ramps, roadways, sewers, curbs and gutters; (3) To
enter into such contracts and cooperative agreements with the local, state and federal governments,
with agencies of such governments, including the Department of the Army and the National Aeronautics
and Space Administration, with private individuals, corporations, associations and other organizations
as the commission may deem...
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9-6-9
Section 9-6-9 Bonds - Issuance; form, terms, denominations, etc.; sale; security for payment
generally. All bonds issued by the authority shall be signed by the chairman of its board
or other chief executive officer and attested by its secretary, and the seal of the authority
shall be affixed thereto and any interest coupons applicable to the bonds of the authority
shall be signed by the chairman of its board or other chief executive officer; provided, that
a facsimile signature of one, but not both, of said officers may be printed or otherwise reproduced
on any such bonds in lieu of his manually signing the same, and a facsimile of the signature
of the chairman of the board or other chief executive officer may be printed or otherwise
reproduced on any such interest coupons in lieu of his manually signing the same. Any such
bonds may be executed and delivered by the authority at any time and from time to time, shall
be in such form and denominations and of such tenor and maturities,...
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