11-49B-10
Section 11-49B-10 Contracts to secure bonds and assumed obligations. As security for
payment of the principal of and the interest on bonds issued or obligations assumed by it,
the authority may do the following: (1) Enter into a contract or contracts binding itself
for the proper application of the proceeds of bonds and other funds, for the continued operation
and maintenance of any transit system owned by it, or any part of the system. (2) Impose and
collect reasonable rates for any service furnished by the system. (3) Promulgate rules and
regulations respecting any service furnished by the system. (4) Provide for the disposition
and application of its gross revenues received by the system. (5) Do any act or series of
acts not inconsistent with this chapter for the protection of the bonds and other obligations
being secured by the authority. (6) Assure that the revenues derived from the system, when
added to all other moneys of the authority, will be sufficient to operate and maintain...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-49B-10.htm - 1K - Match Info - Similar pages

41-10-143
Section 41-10-143 Bonds - Contracts to secure payment of principal and interest. As
security for payment of the principal and interest on bonds issued or obligations assumed
by it, an authority may enter into a contract or contracts binding itself for the proper application
of the proceeds of bonds and other funds, for the continued operation, leasing and maintenance
of any property and facilities owned or controlled and operated by it or under its authority
or any part or parts thereof, for the imposition and collection of reasonable rates and rentals
for and the promulgation of reasonable regulations respecting the use of property and facilities
of the authority and any service furnished therefrom, for the disposition and application
of its gross revenues or any part thereof and for any other act or series of acts not inconsistent
with the provisions of this article for the protection of the bonds and other obligations
being secured and the assurance that revenues from such property...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-143.htm - 2K - Match Info - Similar pages

41-10-547
Section 41-10-547 Bonds of the authority. (a) The authority is authorized from time
to time to sell and issue its bonds for the purpose of financing project costs pertaining
to one or more projects or for the purpose of providing funds to pay training facility management
fees, or any combination of the foregoing including, without limitation, in the case of authority
obligations issued for the purpose of providing funds to pay training facility management
fees, costs, expenses, and other items of the type described in paragraphs g., h., i., and
j. of the definition of project costs in Section 41-10-541 or to enter into guaranty
agreements wherein the authority guarantees payment, in whole or in part, of debt service
referable to obligations issued by development agencies for the purpose of financing project
costs pertaining to one or more projects; provided, however, that the principal amount of
authority obligations shall not exceed three hundred million dollars ($300,000,000). For...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-547.htm - 9K - Match Info - Similar pages

11-32-10
Section 11-32-10 Bonds - Contracts as security for payment. (a) As security for payment
of the principal of and the interest on bonds issued or obligations assumed by it, the authority
may enter into one or more contracts binding itself for the following: (1) The proper application
of the proceeds of bonds and other funds, for the continued operation and maintenance of any
transit system owned by it, or any part or parts of a transit system. (2) The imposition and
collection of reasonable rates for and the promulgation of reasonable regulations respecting
any service furnished from a transit system. (3) The disposition and application of its gross
revenues or any part of a transit system. (4) For any other act or series of acts not inconsistent
with this chapter for the protection of the bonds and other obligations being secured and
the assurance that the revenues from the transit system, when added to all other moneys of
the authority available for the transit system, will be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-32-10.htm - 1K - Match Info - Similar pages

11-92C-8
Section 11-92C-8 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, which may be
in perpetuity, subject to Section 11-92C-20, specified in its certificate of incorporation.
(2) To sue and be sued in its own name and to prosecute and defend civil actions in any court
having jurisdiction of the subject matter and of the parties; provided that the authority
shall be deemed to be a governmental entity as defined in Chapter 93 of this title for the
purpose of limiting the damages for which the authority may be liable. (3) To adopt and make
use of a corporate seal and to alter the seal at its pleasure. (4) To adopt and alter bylaws
for the regulation and conduct of its affairs and business. (5) To acquire, whether by purchase,
construction, exchange, gift, lease, or otherwise, and to refinance existing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-8.htm - 12K - Match Info - Similar pages

16-17-11
Section 16-17-11 Contracts to secure bonds and assumed obligations. As security for
payment of the principal of and interest on bonds issued or obligations assumed by it, the
authority may enter into a contract or contracts binding itself for the proper application
of the proceeds of bonds and other funds, for the continued operation, maintenance and disposition
(including lease) of any ancillary improvements or part thereof owned by it, for the imposition
and collection of reasonable rentals from such ancillary improvements, for the disposition
and application of its gross revenues or any part thereof and for any other act or series
of acts not inconsistent with the provisions of this chapter for the protection of the bonds
and other obligations being secured and the assurance that the revenues from such ancillary
improvements will be sufficient to operate such ancillary improvements, maintain the same
in good repair and in good operating condition, pay the principal of and interest...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17-11.htm - 1K - Match Info - Similar pages

16-18-12
Section 16-18-12 Contracts to secure bonds and assumed obligations. As security for
payment of the principal of and interest on bonds issued or obligations assumed by it, the
authority may enter into a contract or contracts binding itself for the proper application
of the proceeds of bonds and other funds, for the continued operation, maintenance and disposition
(including lease) of any ancillary improvements or part thereof owned by it, for the imposition
and collection of reasonable rentals from such ancillary improvements, for the disposition
and application of its gross revenues or any part thereof, and for any other act or series
of acts not inconsistent with the provisions of this chapter for the protection of the bonds
and other obligations being secured and the assurance that the revenues from such ancillary
improvements will be sufficient to operate such ancillary improvements, maintain the same
in good repair and in good operating condition, pay the principal of and interest...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18-12.htm - 1K - Match Info - Similar pages

33-15-9
Section 33-15-9 Bonds and other obligations - Contracts to secure bonds and other obligations.
As security for payment of the principal of and interest on bonds issued or obligations assumed
by it, the authority may enter into a contract or contracts binding itself for the proper
application of the proceeds of bonds and other funds, for the continued operation and maintenance
of any facilities owned by it, or any part or parts thereof, for the imposition and collection
of reasonable rates for and the promulgation of reasonable regulations respecting any service
furnished from such facilities, for the disposition and application of its gross revenues
or any part thereof, and for any other act or series of acts not inconsistent with the provisions
of this chapter for the protection of the bonds and other obligations being secured and the
assurance that the revenues from such facilities will be sufficient to operate such facilities,
maintain the same in good repair and in good operating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-15-9.htm - 1K - Match Info - Similar pages

45-29-90.14
Section 45-29-90.14 Contracts to secure bonds and assumed obligations. As security for
payment of the principal of and interest on bonds issued or obligations assumed by it, the
authority may enter into a contract or contracts binding itself for the proper application
of the proceeds of bonds or other funds, for the continued operation and maintenance of any
facilities owned by it, or any part or parts thereof, for the imposition and collection of
reasonable rates for and the promulgation of reasonable regulations respecting any service
furnished from such facilities, for the disposition and application of its gross revenues
or any part thereof, and for any other act or series of acts not inconsistent with this article
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such facilities will be sufficient to operate such facilities, maintain
the same in good repair and in good operating condition, pay the principal of and interest...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-90.14.htm - 1K - Match Info - Similar pages

45-46-90.09
Section 45-46-90.09 Power to contract. As security for payment of the principal of and
the interest on bonds issued or obligations assumed by it, the authority may enter into a
contract or contracts binding itself for the proper application of the proceeds of bonds and
other funds, for the continued operation and maintenance of any industrial or commercial facility,
or port, dock, wharf, or related facilities owned by it, or any part or parts thereof, for
the imposition and collection of reasonable fees, rents, tolls, and other charges for, and
the promulgation of reasonable regulations respecting the use of any such facilities, for
the disposition and application of its gross revenues or any part thereof, and for any other
act or series of acts, not inconsistent with this article for the protection of the bonds
and other obligations being secured and the assurance that the revenues from such facilities
will be sufficient to operate such system, maintain the same in good repair and in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46-90.09.htm - 1K - Match Info - Similar pages