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16-17A-23
Section 16-17A-23 Dissolution of authority. (a) At any time when an authority does not have
any indebtedness or other contractual or legal obligations outstanding, an authority may be
dissolved by filing articles of dissolution with the Secretary of State, but only with the
approval of both the board of the authority and the sponsoring university in the manner provided
in this section. (b) In order to dissolve an authority, the following steps shall be completed:
(1) The board shall first adopt a resolution proposing dissolution of the authority. (2) After
the adoption by the board of a resolution approving articles of dissolution, the authority
shall file with the sponsoring university a written request to the sponsoring university for
adoption of a resolution approving dissolution of the authority. (3) As promptly as may be
practicable after the receipt of the application from the authority, the sponsoring university
shall review the application, and its governing body shall adopt a...
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2-6-108
Section 2-6-108 Design, rehabilitation, renovation, etc., of coliseum. (a) The corporation
or the AACB may enter into management, operations, or other types of agreements with public
or private entities for the design, rehabilitation, renovation, expansion, management, promotion,
or operation of the coliseum. Any law to the contrary notwithstanding, the corporation or
the AACB, as the case may be, shall select a developer, manager, promoter, or operator through
an open and competitive selection process through the solicitation of proposals from qualified
entities that address the needs, requirements, and funding issues it identifies. The corporation
or the AACB, as the case may be, in its sole discretion, shall select the entity or entities
it determines to be the best qualified based upon the proposals submitted, presentations by
proposers, its deliberations, and any other information it considers to be relevant to the
selection of the best qualified proposer. No further or additional...
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24-2-2
Section 24-2-2 Powers of housing authorities or municipalities - Acquisition and redevelopment
of blighted property; limitations on eminent domain; definitions. (a) Any housing authority
now or hereafter established pursuant to this title, or any incorporated city or town may
carry out any work or undertaking, hereafter called a "redevelopment project": (1)
To acquire blighted property as defined in subsection (c). (2) To acquire other real property
for the purpose of removing, preventing, or reducing blight, blighting factors, or the causes
of blight, but this authority to acquire such other property shall not be construed to grant
the power of eminent domain to acquire property that is not blighted without the consent of
the owner. (3) To clear any areas acquired and install, construct, or reconstruct streets,
utilities, and site improvements essential to the preparation of sites for uses in accordance
with the redevelopment plan. (4) To sell or lease land so acquired for uses in...
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41-10-44.11
Section 41-10-44.11 Publication of notice; time limitation on actions questioning bonds or
proceedings. Upon the adoption by the board of directors of the authority of any resolution
providing for the issuance of project obligations, the authority may, in its discretion, cause
to be published once a week for two consecutive weeks, in newspapers published or having a
general circulation in the Cities of Birmingham, Montgomery, Huntsville and Mobile, a notice
in substantially the following form (the blanks being properly filled in) at the end of which
shall be printed the name and title of either the president or the secretary of the authority:
"The State Industrial Development Authority, a public corporation under the laws of the
State of Alabama, on the ______ day of ___, authorized the issuance of $___ principal amount
of bonds or other obligations of the said public corporation for purposes authorized in Title
41, Chapter 10, Article 2A. The proceeds from the sale of the said...
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11-22-9
Section 11-22-9 Bond issues - Funds for payment; execution; form; redemption; sale; refunding;
negotiable instruments. (a) All bonds issued by the corporation shall be payable solely out
of the revenues and receipts derived from the operation, leasing or sale by the corporation
of its projects or of any thereof as may be designated in the proceedings of the board of
directors under which the bonds shall be authorized to be issued. (b) Such bonds may be executed
and delivered by the corporation at any time and from time to time, may be in such form and
denominations and of such tenor and maturities, may be in registered or bearer form either
as to principal or interest or both, may be payable at such time or times not exceeding 40
years from the date thereof, may be payable at such place or places whether within or without
the State of Alabama, may bear interest at such rate or rates payable at such time or times
and at such place or places and evidenced in such manner, may be executed...
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11-50-344
Section 11-50-344 Transfer of existing water or sewer systems to board; powers of board as
to conveyance, etc., of title to systems. The council of any city which shall have theretofore
created a board of water and sewer commissioners and the waterworks board of any such city
which shall have theretofore been formed under the provisions of Sections 11-50-230 through
11-50-241 are each hereby authorized and empowered, without the necessity of authorization
of an election by the qualified voters of said city, to transfer and convey to such board
of water and sewer commissioners all or any part of any water system or sewer system or both
such systems then owned and operated by such city or by such waterworks board for such considerations
and upon such terms and conditions as may be mutually agreed upon; provided, however, that
any such transfer or conveyance shall be subject to all bonds, mortgages, and other obligations,
including revenue bonds, then outstanding which shall have...
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11-50-524
Section 11-50-524 Corporate powers. (a) The corporation shall be entitled to all the exemptions
provided by the general laws of Alabama and of the United States for municipal corporations.
To carry out its purposes, the corporation shall have the following specific powers, but no
enumeration of powers granted in this chapter shall be construed to impair or limit any general
grant of power contained in this chapter nor to limit any such grant to a power or powers
of the same class or classes as those enumerated: (1) To have succession by its corporate
name perpetually unless dissolved and unless a shorter period of time shall be specified in
the certificate; (2) To sue and be sued and to prosecute and defend; (3) To have and to use
a corporate seal and to alter the same at will; (4) To acquire by purchase or lease and to
operate, maintain, extend, and improve any utility within the power district, including any
real and personal properties and any contract and franchise rights in...
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11-56-15
Section 11-56-15 Bonds - Remedies upon default in payment of principal or interest on bonds.
If there shall be any default in the payment of the principal of or interest on any bonds
issued under this chapter, then the holder of any of the bonds and of any of the interest
coupons applicable thereto and the trustee under any indenture, or any one or more of them,
may by civil action, mandamus or other proceeding compel performance of all duties of the
officers and directors of the corporation with respect to the use of funds for the payment
of the bonds and for the performance of the agreements of the corporation contained in the
proceedings under which they were issued and compel performance of the duties of all officials
of each local subdivision and public corporation which is a lessee under any lease pledged
as security for the bonds so in default with respect to payment of the rentals provided to
be paid under any such lease and, regardless of the sufficiency of the security for...
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11-60-9
Section 11-60-9 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc.; refunding of bonds. All bonds issued by the corporation shall be payable solely out
of the revenues and receipts derived from the operation, leasing or sale by the corporation
of its projects or of any thereof as may be designated in the proceedings of the board of
directors under which the bonds shall be authorized to be issued. Such bonds may be executed
and delivered by the corporation at any time and from time to time, may be in such form and
denominations and of such tenor and maturities, may be in registered or bearer form either
as to principal or interest or both, may be payable at such time or times, not exceeding 40
years from the date thereof, may be payable at such place or places whether within or without
the State of Alabama, may bear interest at such rate or rates payable at such time or times
and at such place or places and evidenced in such manner, may be executed by...
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2-6-101
Section 2-6-101 Definitions. For the purposes of this article, the following words shall have
the following meanings: (1) ALABAMA AGRICULTURAL CENTER BOARD or AACB. The Alabama Agricultural
Center Board established by Section 2-6-1, as amended by this article. (2) BOARD OF DIRECTORS
or BOARD. The board of directors of the Garrett Coliseum Redevelopment Corporation, the public
corporation created pursuant to this article. (3) BONDS. Includes refunding bonds unless the
context clearly indicates otherwise. (4) GARRETT COLISEUM or COLISEUM. The Alabama Agricultural
Center, the Garrett Coliseum, and all related properties located in Montgomery, Alabama. (5)
GARRETT COLISEUM REDEVELOPMENT CORPORATION or CORPORATION. The public corporation created
pursuant to this article. (6) GOVERNMENT SECURITIES. Any bonds or other obligations which,
as to principal and interest, constitute direct obligations of, or are unconditionally guaranteed
by, the United States of America, including obligations of...
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