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11-97-2
Section 11-97-2 Definitions. The following words and phrases used in this chapter, and
others evidently intended as the equivalent thereof, shall, in the absence of a clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of any county or
municipality in accordance with the provisions of Section 11-97-3 hereof. (2) AUTHORIZING
RESOLUTION. A resolution of ordinance adopted by the governing body of any county or municipality
in accordance with the provisions of Section 11-97-3 hereof, that authorizes the incorporation
of a corporation. (3) BOARD. The board of directors of a corporation. (4) BONDS. Bonds, notes,
or other obligations representing an obligation to pay money. (5) CORPORATION. Any public
corporation organized pursuant to the provisions of this chapter. (6) COSTS. As applied to
a facility or any portion thereof, shall include all or any part of the...
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41-9-806
Section 41-9-806 Powers of commission. The commission shall be authorized: (1) To investigate
and select available sites for housing historic exhibits, including the surrounding grounds,
with such state, federal or local agencies and governments and private individuals, corporations,
associations or other organizations as may be involved, taking into consideration all pertinent
factors affecting the suitability of such sites; to acquire, transport, renovate, maintain
and exhibit appropriate and suitable military or historic units, articles, exhibits and attractions;
to have full, complete and exclusive jurisdiction over the sites and any related exhibits;
(2) To promote tourism throughout the Cahaba Valley by attending travel shows; issuing news
releases, calendars of events and newsletters; publishing brochures and pamphlets; constructing
mobile travel exhibits; producing films and other visual presentations as may be necessary;
and advertising in magazines and/or newspapers; (3) To...
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40-17-359
Section 40-17-359 Distribution and use of proceeds. (a) For the purpose of this section,
the following terms shall have the meanings ascribed below: (1) BASE ANNUAL COUNTY DISTRIBUTION.
Five hundred fifty thousand dollars ($550,000). (2) COST OF COLLECTION. The amounts from the
proceeds of the highway gasoline tax that may be appropriated by the Legislature to the department
for its operating expenses. (3) COUNTY. Each county in the state. (4) FISCAL YEAR. The fiscal
year of the state. (5) DEPARTMENT OF TRANSPORTATION. The Department of Transportation of the
state. (6) HIGHWAY GASOLINE TAX. Both of the following: a. The excise tax levied under subdivision
(1) of subsection (a) of Section 40-17-325, with the exception of those portions of
the tax levied on aviation fuel and marine gasoline. b. The excise tax levied by Sections
40-17-140 to 40-17-155, inclusive, except that portion of the tax imposed on diesel fuel.
(7) LOCAL SUBDIVISIONS' SHARES OF THE NET TAX PROCEEDS. The 55 percent...
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33-2-8
Section 33-2-8 General provisions relative to inland waterways improvement bonds and
temporary loans. In order to provide funds for the purposes herein authorized, the Governor
is hereby empowered to execute, with the concurrence of the director of state docks, and to
sell the state's bonds in such amounts, not exceeding in the aggregate the sum of $3,000,000.00
as may be necessary for said purposes, all under and subject to the following provisions:
Said bonds shall be appropriately designated as inland waterways improvement bonds of the
state. The bonds may be issued from time to time in one or more series and the bonds of each
series shall be payable in substantially equal annual installments of principal and interest
at such times as may be designated by the State Docks Department with approval of the Governor;
provided, that the first installment of principal of the bonds of each series must mature
not later than 10 years from the date of such series and the last installment of...
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11-97-8
Section 11-97-8 Powers of corporation; location of facilities of corporation. (a) Every
corporation shall have all of the powers necessary and convenient to carry out and effectuate
the purposes and provisions of this chapter, including (without limiting the generality of
the foregoing) the following powers: (1) To have succession in its corporate name for the
duration of time (which may be in perpetuity, subject to the provisions of Section
11-97-22 hereof) specified in its certificate of incorporation; (2) To sue and be sued in
its own name in civil suits and actions 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, alter, and repeal
bylaws, regulations, and rules, not inconsistent with the provisions of this chapter, for
the regulation and conduct of its affairs and business; (5) To acquire, whether by gift, purchase,
transfer, foreclosure, lease, or otherwise, to construct and to expand, improve, operate,...
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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division,
and others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant
to this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which
the payment of debt service referable to bonds, notes, or other evidences of indebtedness
of a development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of
the authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes,
or other evidences of indebtedness of a development agency that are issued solely for the
purpose in financing a project and that are guaranteed, in whole or in part,...
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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the
agency shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in
its corporate name. b. May sue and be sued in its corporate name. c. May adopt, use and alter
a corporate seal, which shall be judicially noticed. d. May enter into such contracts and
cooperative agreements with the federal, state and local governments, with agencies of such
governments, with private individuals, corporations, associations, trusts and other organizations
as the board may deem necessary or convenient to enable it to carry out the purposes of this
chapter, including the planned, orderly residential development of the area. e. May adopt,
amend and repeal bylaws. f. May appoint such managers, officers, employees, attorneys and
agents as the board deems necessary for the transaction of its business, fix their compensation,
define their duties, require bonds of such of them as the board may...
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11-49B-12
Section 11-49B-12 Proceeds from sale of bonds. All moneys derived from the sale of bonds
issued by the authority shall be used solely for the purpose for which the bonds are authorized
and any costs and expenses incidental to the bonds. The costs and expenses may include, but
shall not be limited to: (1) The fiscal, engineering, legal, and other expenses incurred in
connection with the issuance of the bonds. (2) Bonds issued to pay costs of acquiring or constructing
all or any part of a transit system, interest on such bonds or, if a part only of any series
of bonds is issued for acquisition or construction purposes, interest on that portion of the
bonds of that series that is issued to pay the acquisition or construction costs prior to
and during the acquisition or construction and not exceeding one year after completion of
the acquisition or construction. (3) Bonds issued for refunding principal and interest, or
either, with respect to bonds issued or obligations assumed by the...
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41-10-270
Section 41-10-270 Use of proceeds from sale of bonds. All proceeds derived from the
sale of any bonds (except refunding bonds) by the authority remaining after payment of the
expenses of issuance thereof shall be turned over to the State Treasurer, shall be carried
in a special account of the State Treasury to the credit of the authority, and shall be subject
to be drawn on by the authority solely for the purposes of funding any required reserve fund,
acquiring, constructing, installing and equipping judicial facilities and paying all reasonable
and necessary expenses incidental thereto, including interest which shall accrue on said bonds
during the construction of said judicial facilities. Any balance of said proceeds thereafter
remaining shall, upon completion of said judicial facilities and the payment of all costs
in connection therewith, be used for the redemption of bonds of the authority at the earliest
permissible date. (Acts 1986, No. 86-420, p. 627, ยง11.)...
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45-49A-64.12
Section 45-49A-64.12 Proceeds from sale of bonds. All moneys derived from the sale of
any bonds issued by the authority shall be used solely for the purpose or purposes for which
the same are authorized and any costs and expenses incidental thereto. Such costs and expenses
may include, but shall not be limited to, all of the following: (1) The fiscal, engineering,
legal, and other expenses incurred in connection with the issuance of the bonds. (2) In the
case of bonds issued to pay costs of acquiring or constructing all or any part of a transit
system interest on such bonds (or, if a part only of any series of bonds is issued for acquisition
or construction purposes, interest on that portion of the bonds of that series that is issued
to pay such acquisition or construction costs) prior to and during such acquisition or construction
and for not exceeding one year after completion of such acquisition or construction. (3) In
the case of bonds issued for the purpose of refunding principal...
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