11-50A-17
Section 11-50A-17 Contracts for use of projects; purchase of electric power; payment
of charges; indemnity; enforcement of performance. (a) Any municipality, if authorized by
resolution or ordinance of its governing body, may contract with the authority for the payment
of any rates, tolls, fees, and other charges prescribed in this section and Section
11-50A-18 by the authority for the output, capacity, use or service by the municipality of
any projects or other resources of the authority or any of its facilities or undertakings.
The obligations to pay the amounts contracted to be paid by the municipality to the authority
under the contract or contracts entered into pursuant to the provisions of this section
shall be treated as expenses of operating the electric distribution system of the municipality
for the payment of which the revenues of the municipality derived from the operation of its
electric distribution system (together with any other revenues that may be lawfully pledged...

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11-50A-1
Section 11-50A-1 Definitions. As used in this chapter, the following words shall have
the following meanings unless the context clearly indicates otherwise: (1) AUTHORITY. Alabama
Municipal Electric Authority created pursuant to this chapter and any successor or successors
thereto. (2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by
the authority under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION
NOTES. Short term obligations issued by the authority in anticipation of the issuance of bonds.
(5) COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment,
alteration, repair, or extension of any project; all costs of real and personal property required
for the purposes of any project, including any rights or undivided interest therein; all costs
of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates,
and all costs of securing any permits, approvals, licenses,...
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11-50A-8
Section 11-50A-8 Powers of the authority. In addition to other powers granted the authority
by this chapter, it shall have all powers consistent with the purposes of the authority as
set forth in Section 11-50A-3, which are necessary or convenient to carry out and effectuate
the purposes and provisions of this chapter, including, but without limiting the generality
of the foregoing, the following enumerated powers, which shall be exercised by the authority
consistently with the provisions of Section 11-50A-3: (1) To sue and be sued and to
prosecute and defend in any court having jurisdiction of the subject matter and of the parties
thereto; (2) To adopt and alter a corporate seal; (3) To make and alter at pleasure all needful
bylaws, rules, and regulations for the transaction of its business and the control of its
property and affairs; (4) To have the same right of eminent domain through condemnation conferred
by Section 10-5-1, or any subsequent statute of similar import; provided...
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11-81-16
Section 11-81-16 Pledge of revenues from certain taxes, utilities, etc., for payment
of principal and interest on bonds. In any case in which a county or municipality may hereafter
issue any bonds which are general obligations of such county or municipality, there may be
pledged to the payment of the principal of an interest on such bonds all or any part or portion
of funds which may be derived from any one or more of the following sources and which shall
not be required for the purpose of making good any valid pledge thereof theretofore made or
which are not required by the Constitution to be devoted to other purposes and which such
county or municipality may at any time be authorized to levy, collect or receive: (1) The
proceeds of any property tax; (2) The proceeds of any license, privilege or occupational tax,
excepting such license taxes as may be levied by municipalities for conducting business outside
their corporate limits; (3) The portion of any license, privilege or...
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11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution;
bond resolution covenants. (a) The authority shall, prior to the adoption by the board of
a resolution authorizing the issuance of any bonds, enter into one or more contracts with
two or more municipalities which are authorized to contract with the authority pursuant to
Section 11-50A-17. Any resolution of the board authorizing the issuance of bonds may
authorize those bonds to be issued in more than one series, and the issuance of each series
of bonds so authorized by that resolution need not be preceded by the entering into by the
authority of additional contracts pursuant to Section 11-50A-17. (b) The board may
by resolution or resolutions authorize the issuance of bonds. Unless otherwise provided therein,
the resolution or resolutions shall take effect immediately and need not be published or posted.
The board may authorize such types of bonds as it may determine, subject only to any agreement
with...
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45-25-250.04
Section 45-25-250.04 Powers of 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 specified
in its certificate of incorporation. (2) To sue and be sued in its own name in civil actions,
except as otherwise provided in this article, and to defend civil actions 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, whether located in one or more counties and whether
located within or outside the service area. (6) To make, enter into, and execute such contracts,
agreements, leases, and other instruments and to take such other actions...
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4-3-47
Section 4-3-47 Powers of authority generally. 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 in perpetuity) specified in its certificate of incorporation; (2) To sue and be sued
in its own name in civil actions, excepting actions in tort against the authority; (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,
take and hold, whether by purchase, option to purchase, gift, lease, devise or otherwise,
property of every description, whether real, personal or mixed, whether in one or more counties
and whether within or without the corporate limits of any authorizing subdivision, and to
manage said property and to develop any property and to sell, exchange, lease or...
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11-50A-6
Section 11-50A-6 Board of directors; election committee; meetings; officers; compensation;
recordkeeping. (a) The board of directors of the authority shall be elected by the duly designated
representatives of the municipalities which are authorized and directed to designate a member
of the election committee as hereinafter provided in this section. Until the first
meeting of the board of directors following the meeting in 2015 of the election committee
hereinafter provided for, the board of directors shall consist of nine members; thereafter,
the board shall consist of the number of members equal to the number of municipalities contracting
with the authority for the purchase of electric power and energy pursuant to Section
11-50A-17, which are authorized and directed to designate a member of the election committee.
Members of the board of directors shall be eligible to succeed themselves. The business, affairs,
and property of the authority shall be managed by its board of directors....
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24-1-33
Section 24-1-33 Powers of authority to secure payment of bonds, etc. In connection with
the issuance of bonds or the incurring of any obligation under a lease and in order to secure
the payment of such bonds or obligations, the authority shall have power: (1) To pledge by
resolution, trust indenture, mortgage, subject to the limitations hereinafter imposed, or
other contract all or any part of its rents, fees or revenues. (2) To covenant against mortgaging
all or any part of its property, real or personal, then owned or thereafter acquired, or against
permitting or suffering any lien thereon. (3) To covenant with respect to limitations on its
right to sell, lease or otherwise dispose of any housing project, or any part thereof, or
with respect to limitations on its right to undertake additional housing projects. (4) To
covenant against pledging all or any part of its rents, fees and revenues to which its right
then exists, or the right to which may thereafter come into existence, or...
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24-1-72
Section 24-1-72 Powers of authority to secure payment of bonds, etc. In connection with
the issuance of bonds or the incurring of any obligation under a lease and in order to secure
the payment of such bonds or obligations, the authority shall have power: (1) To pledge by
resolution, trust indenture, mortgage, subject to the limitations hereinafter imposed, or
other contract all or any part of its rents, fees, or revenues. (2) To covenant against mortgaging
all or any part of its property, real or personal, then owned or thereafter acquired, or against
permitting or suffering any lien thereon. (3) To covenant with respect to limitations on its
right to sell, lease, or otherwise dispose of any housing project, or any part thereof, or
with respect to limitations on its right to undertake additional housing projects. (4) To
covenant against pledging all or any part of its rents, fees, and revenues to which its right
then exists, or the right to which may thereafter come into existence, or...
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