24-1-113
Section 24-1-113 Agreements to secure federal contributions and loans. In any contract or amendatory
or superseding contract for a loan and annual contributions heretofore or hereafter entered
into between a housing authority and the federal government with respect to any housing project
undertaken by said housing authority, any such housing authority is authorized to make such
covenants, including covenants with holders of obligations of said authority issued for purposes
of the project involved, and to confer upon the federal government such rights and remedies
as said housing authority deems necessary to assure the fulfillment of the purposes for which
the housing project was undertaken. In any such contract, the housing authority may, notwithstanding
any other provisions of law, agree to sell and convey the project, including all lands appertaining
thereto, to which such contract relates to the federal government upon the occurrence of such
conditions or upon such defaults on...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-113.htm - 2K - Match Info - Similar pages

40-3-11
Section 40-3-11 Cost of inventory - To be prorated. The county commission of all such counties
shall have the power and authority to provide for the payment of the cost and expenses of
such inventories and to prorate such cost and expenses between the county, the state, each
municipality, the county board of education, and each city board of education in the county,
such proration to be approximately in the proportion that the revenue received by the state,
the county, such municipalities, and such boards of education, respectively, bears to the
total amount of ad valorem taxes collected in the county. When the board of equalization or
like boards or agencies, with final authority to fix the value of property for the purposes
of taxation of any such county shall provide for the taking of any such inventory and appraisal,
the Comptroller, subject to the approval of the Governor, shall have the authority to pay
the state's pro rata thereof, and each municipality and each board of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-3-11.htm - 1K - Match Info - Similar pages

41-4-16
Section 41-4-16 Consent of department prerequisite to issuance of securities by state commissions,
authorities, etc.; exceptions. No bonds or other evidences of indebtedness of any commission
or authority created to construct or reconstruct highway bridges, approaches and appurtenances
thereto, any state rural electrification authority, any electric membership corporation, any
power district, or any improvement authority shall be issued or sold until the consent to
the issuance and sale thereof shall have been given by the Department of Finance, to be evidenced
by the written approval of the Director of Finance. Such consent shall be granted only after
a public hearing and after a petition requesting such consent has been duly filed by the corporation,
authority, district, commission, or other body seeking such consent with the department more
than five days before the public hearing. The petition shall specify the plan or program of
the body seeking the consent and the uses to which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-4-16.htm - 2K - Match Info - Similar pages

11-54A-10
Section 11-54A-10 Bonds of authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of an interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-10.htm - 5K - Match Info - Similar pages

11-56-10
Section 11-56-10 Bonds - Authority for issuance; security for payment of principal and interest
generally; form, terms, denominations, etc.; sale, redemption, etc. The corporation is authorized
at any time and from time to time to issue its interest-bearing revenue bonds for the purpose
of acquiring, constructing, improving, enlarging, completing and equipping one or more projects.
The principal of and the interest on any such bonds shall be payable solely out of the revenues
derived from the project with respect to which such bonds are issued. None of the bonds of
the corporation shall ever constitute an obligation or debt of the state, the county or the
municipality or a charge against the credit or taxing powers of the state, the county or the
municipality. Bonds of the corporation may be issued at any time and from time to time, may
be in such form and denominations, may be of such tenor, may be payable in such installments
and at such time or times, not exceeding 40 years from...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-56-10.htm - 2K - Match Info - Similar pages

22-23B-7
Section 22-23B-7 Purpose; issuing, selling and refunding of bonds. For the purpose of providing
funds for the authority to make loans to public bodies for a project or projects, or for the
payment of obligations incurred or temporary loans made for any of said purposes, the authority
is hereby authorized, from time to time, to issue and sell its bonds or other evidences of
indebtedness. Such bonds may be issued in one or more series; shall be in such form and denominations
and of such terms and maturities, not exceeding 30 years from the date of issue of each series;
shall bear such rate or rates of interest, payable and evidenced in such manner; may contain
such provisions for registration or for redemption prior to maturity; and may contain such
other provisions not inconsistent herewith, all as may be provided by the authorizing resolution.
As security for the payment of the principal of and interest on its bonds, the authority is
authorized to pledge, transfer and assign any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23B-7.htm - 4K - Match Info - Similar pages

24-7-6
Section 24-7-6 Contract with government for loans and contributions; state to provide services,
accept dedications, etc., on behalf of authority without charge. (a) The authority shall endeavor
to secure a contract with the government for loans and annual contributions covering one or
more projects comprising units of low-rent housing and to develop and administer such projects,
each of which shall be located within the operating area of the Mowa Choctaw reservation.
(b) During the period commencing with the date of acquisition of any part of the site or sites
of any project and continuing so long as either such project is owned by a public body or
governmental agency and is used for low-rent housing purposes, or any contract between the
authority and the government for loans or annual contributions, or both, in connection with
such projects remain unpaid, whichever period is the longest, the state without cost or charge
to the authority or the tenants of such project shall: (1)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-7-6.htm - 3K - Match Info - Similar pages

41-16A-5
Section 41-16A-5 Permissible contract provisions; general and limited obligation distinction
may be made; allowable pledge payment sources; classification of entity's contracting and
contracts. (a) Alternative financing contracts may be for such term, provide for such renewal
or extension options, provide for such terminating events, provide for the payment of such
rentals, purchase installments, purchase price, and other amounts, and contain such other
terms, provisions, and conditions as the governmental entity shall deem appropriate, and without
limitation to the generality of the foregoing, may contain terms and conditions substantially
similar to any one or more of the following: (1) Provisions for the automatic renewal of the
alternative financing contract for one or more successive periods unless affirmative action
is taken by the governmental entity to terminate such alternative financing contract, and,
if desired, specifying the nature of such affirmative action sufficient to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16A-5.htm - 12K - Match Info - Similar pages

11-51-129
Section 11-51-129 Street railroads, electric, gas, and waterworks companies, etc. The maximum
amount of privilege or license tax which the several municipalities within the state may annually
assess and collect of persons operating electric or hydroelectric street railroads, electric
light and power companies, gas companies, waterworks companies, pipe line companies for transporting
or carrying gas, oil, gasoline, water or other commodities, gas distributing companies, whether
by means of pipe lines or by tanks, drums, tubes, cylinders, or otherwise, heating companies
or other public utilities, incorporated under the laws of this state or any other state or
whether incorporated at all or not, except telephone and telegraph companies, railroad and
sleeping car companies and express companies which are otherwise licensed shall not exceed
three percent of the gross receipts of the business done by the utility in the municipality
during the preceding year; and, for the first year's...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-51-129.htm - 1K - Match Info - Similar pages

11-54-179
Section 11-54-179 Bonds of authority generally. (a) Source of payment. All bonds issued by
an authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of and interest on any bonds issued by an authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-179.htm - 5K - Match Info - Similar pages