11-54-187
Section 11-54-187 Freedom of authority from state supervision and control. This article is
intended to aid the state through the furtherance of the purposes of the article by providing
appropriate and independent instrumentalities of the state with full and adequate powers to
fulfill their functions. Except as expressly provided in this article, no proceeding, notice,
or approval shall be required for the incorporation of any authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by an authority.
Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite
to the issuance of bonds by an authority. (Acts 1980, No. 80-648, p. 1235, §18.)...
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11-92C-18
Section 11-92C-18 Freedom of authority from state supervision and control. This chapter is
intended to aid the state through the furtherance of the purposes of this chapter by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this chapter, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers. Neither a public
hearing nor the consent of Alabama State Department of Finance shall be a prerequisite to
the issuance of bonds by the authority. (Act 2020-72, §18.)...
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16-17-15
Section 16-17-15 Freedom of authority from state supervision and control. This chapter is intended
to aid the state in the execution of its duties by providing appropriate and independent instrumentalities
of the state with full and adequate powers to fulfill their functions. Except as in this chapter
expressly otherwise provided, no proceeding, notice or approval shall be required for the
incorporation of any authority or the amendment of its certificate of incorporation, the acquisition
of any property or ancillary improvements or the issuance of any bonds, mortgage and deed
of trust or trust indenture. Neither a public hearing nor the consent of the State Department
of Finance shall be prerequisite to the issuance of bonds by the authority. (Acts 1966, Ex.
Sess., No. 222, p. 325, §15.)...
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16-18-17
Section 16-18-17 Freedom of authority from state supervision and control. This chapter is intended
to aid the state in the execution of its duties by providing appropriate and independent instrumentalities
of the state with full and adequate powers to fulfill their functions. Except as in this chapter
expressly otherwise provided, no proceeding, notice or approval shall be required for the
incorporation of any authority or the amendment of its certificate of incorporation, the acquisition
of any property or ancillary improvements or the issuance of any bonds, mortgage and deed
of trust, or trust indenture. Neither a public hearing nor the consent of the State Department
of Finance shall be prerequisite to the issuance of bonds by the authority. (Acts 1966, Ex.
Sess., No. 221, p. 308, §17.)...
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33-15-14
Section 33-15-14 Freedom of authority from supervision and control. This chapter is intended
to aid the State of Alabama in the execution of its duties by providing an appropriate and
independent political subdivision of the state with full and adequate powers to fulfill the
functions herein authorized. Except as in this chapter expressly otherwise provided, no proceeding,
notice or approval shall be required for the incorporation of the authority or the amendment
of its certificate of incorporation, the acquisition of any property or facilities or the
issuance of any bonds, mortgage and deed of trust or trust indenture. The authority, its facilities
and other property and the rates and charges thereof shall be exempt from all jurisdiction
of, and all regulation and supervision by, the Public Service Commission. Neither a public
hearing nor the consent of the State Department of Finance shall be prerequisite to the issuance
of bonds by the authority. Nothing herein shall be construed...
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45-27A-31.17
Section 45-27A-31.17 Freedom of authority from state supervision and control. This part is
intended to aid the state through the furtherance of the purposes of the part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite
to the issuance of bonds by the authority. (Act 82-740, p. 196, §18.)...
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45-29-90.19
Section 45-29-90.19 Freedom of authority from state supervision and control. This article is
intended to aid the State of Alabama in the execution of its duties by providing an appropriate
and independent political subdivision of the state with full and adequate powers to fulfill
the functions herein authorized. No proceeding, notice, or approval shall be required for
the incorporation of the authority or the amendment of its certificate of incorporation, the
acquisition of any property or facilities, or the issuance of any bonds, mortgage and deed
of trust, or trust indenture. The authority, its facilities, and other property, and the rates
and charges thereof shall be exempt from all jurisdiction of, and all regulation and supervision
by, the Public Service Commission. Neither a public hearing nor the consent of the State Department
of Finance shall be prerequisite to the issuance of bonds by the authority. (Act 91-277, p.
517, §20.)...
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41-10-102
Section 41-10-102 Remedies upon default on bonds, etc. (a) Remedies upon default on bonds or
indenture. If there shall be any default in the payment of the principal of or interest on
any of the bonds issued under this article, or in the performance of any provisions of the
indenture or proceedings authorizing the issuance of such bonds, then the holder of any of
the bonds and the interest coupons applicable thereto and the trustee under such indenture
or any one or more of them shall have and may exercise any one or more of the following remedies:
(1) They may by civil action, mandamus, injunction or other proceeding compel the 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 bonds and the agreements
of the corporation contained in the bonds, the indenture or in the proceedings under which
they were issued; (2) They may institute a civil action and shall be entitled...
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11-89A-13
Section 11-89A-13 Freedom of authority from supervision and control of state; applicability
of Article 1 of Chapter 27 of Title 22. (a) This chapter is intended to aid the state through
the furtherance of the purposes of the chapter by providing appropriate and independent instrumentalities
with full and adequate powers to fulfill their functions. Except as expressly provided in
this chapter, no proceeding, notice, or approval shall be required for the incorporation of
any authority or the amendment of its certificate of incorporation, the purchase of any note
or other instrument secured by a mortgage, deed of trust, note, or other security interest,
the issuance of any bonds, the execution of any mortgage and deed of trust or trust indenture,
or the exercise of any other of its powers by an authority. Neither a public hearing nor the
consent of the State Department of Finance or any other department, agency, bureau, board,
or corporation of the state shall be prerequisite to the...
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11-99A-15
Section 11-99A-15 Issuance of bonds by districts; terms and assessments. (a) A district may
borrow money by the issuance of bonds, which bonds shall be revenue obligations, payable exclusively
out of assessments levied on land within the district, and the bonds shall not be supported
by the full faith and credit of the appointing government. However, the bonds may be secured
by additional revenues, guarantees, pledges, letters of credit, or other credit enhancements
as may be provided by the district, the owner of any property within the district, or any
other person, to the extent provided in the proceedings of the board with respect to the issuance
of the bonds. (b) Bonds of a district shall be signed by its chair and attested by its secretary,
the seal of the district may be affixed thereto, and any interest coupons applicable to the
bonds shall be signed by the chair; provided that: (1) a facsimile of the signature of the
officers may be printed or otherwise reproduced on any bonds...
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