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11-54-61
Section 11-54-61 Exemption from taxation of projects, bonds, etc. The bonds authorized by this
article and the income therefrom, all mortgages executed as security therefor, all lease agreements
made pursuant to the provisions of this article, any deeds or other documents whereby properties
are acquired by a municipality under authority of this article and all projects and the revenue
derived from any lease thereof shall be exempt from all taxation in the State of Alabama.
(Acts 1973, No. 812, p. 1251, ยง11.)...
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11-50-412
Section 11-50-412 Taxation - Exemption of property, income, bonds, etc., of district generally.
All property and all income of any district incorporated under this article and any such district
itself shall be exempt from all state, county, municipal and other taxation in the State of
Alabama, including, without limitation, privilege and license taxation. All bonds of such
district and the interest thereon shall be exempt from all state, county, municipal and other
taxation in the State of Alabama. All deeds, mortgages, indentures of trust and other documents
executed by or delivered to any such district shall be exempt from all state, county and municipal
and other taxation in the State of Alabama; provided, that these exemptions shall not be retroactive
in effect and shall not affect any taxes currently in existence nor any tax previously assessed
whether collected or not; provided further, that as of September 1, 1965, the provisions of
this section shall not affect or be applicable...
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11-56-1
Section 11-56-1 Definitions. The following words and phrases, whenever used in this chapter,
shall, in the absence of clear implication otherwise, have the following respective meanings:
(1) CORPORATION OR THE CORPORATION. A corporation organized pursuant to the provisions of
this chapter. (2) BOARD. The board of directors of the corporation. (3) THE STATE. The State
of Alabama. (4) THE MUNICIPALITY. That incorporated city or town in the state which authorized
the organization of the corporation. (5) THE COUNTY. That county in which the certificate
of incorporation of the corporation shall be filed for record. (6) LOCAL SUBDIVISION. The
municipality or the county. (7) PUBLIC CORPORATION. a. Any public corporation (other than
a corporation organized under this chapter) now or hereafter organized or created in the state
pursuant to the authorization or determination by the municipality, by the municipality and
one or more other cities and towns in the state, by the county, by the county...
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22-23B-2
Section 22-23B-2 Definitions. The following words and phrases, whenever used in this chapter,
shall have the following respective meanings unless the context clearly indicates otherwise:
AUTHORITY. The corporation organized pursuant to the provisions of this chapter as a public
corporation, agency and instrumentality of the state and known as the "Alabama Drinking
Water Finance Authority." AUTHORIZING RESOLUTION. A resolution, order or other proceedings
adopted by the board of directors of the authority authorizing the issuance of bonds, agreements
and related matters. BOARD OF DIRECTORS. The board of directors of the authority. BOND PROCEEDS.
The net proceeds of sale of bonds or notes, and the income derived from the investment of
such proceeds. BONDS. The bonds, notes or obligations or other evidences of indebtedness issued
by the authority under the provisions of this chapter. DEPARTMENT. The Alabama Department
of Environmental Management or any successor. FEDERAL ACT. The Act of...
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39-7-22
Section 39-7-22 Powers generally; consent of Department of Finance required for issuance or
sale of bonds or other evidence of indebtedness by authority. (a) Subject only to the Constitution
of the State of Alabama, each authority incorporated under this chapter shall have power:
(1) To sue and be sued; (2) To have a seal and alter the same at pleasure; (3) To acquire,
by purchase, gift, devise, lease or exercise of the power of eminent domain or other mode
of acquisition, hold and dispose of property real and personal, tangible and intangible, and
interests therein in its own name, subject to mortgages or other liens or otherwise, and to
pay therefor in cash or on credit and to secure and procure payment of all or any part of
the purchase price thereof on such terms and conditions as it shall determine; (4) To make
and enter into contracts, indentures of trust, leases and bonds; (5) To borrow money and to
issue negotiable bonds and provide for the rights of the holders thereof; (6) To...
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40-9-1
Section 40-9-1 Persons and property generally. The following property and persons shall be
exempt from ad valorem taxation and none other: (1) All bonds of the United States and this
state and all county and municipal bonds issued by counties and municipalities in this state,
all property, real and personal, of the United States and this state and of county and municipal
corporations in this state; all cemeteries, all property, real and personal, used exclusively
for religious worship, for schools or for purposes purely charitable; provided, that property,
real or personal, owned by any educational, religious or charitable institution, society or
corporation let for rent or hire or for use for business purposes shall not be exempt from
taxation, notwithstanding that the income from such property shall be used exclusively for
education, religious or charitable purposes; all mortgages, together with the notes, debts
and credits secured thereby on real and personal property situated in...
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22-21-108
Section 22-21-108 Issuance of securities - Execution and delivery; interest; payment; refunding;
status; tax exemption. Securities of the hospital corporation may be executed and delivered
by it at any time, and from time to time, shall be in such form and denomination and of such
tenor and maturities, shall contain such provisions not inconsistent with this division and
shall bear such rate or rates of interest payable and evidenced in such manner as may be provided
by resolution of the directors of the hospital corporation providing for their issuance. Such
securities shall be payable at such place or places, either within or without the state, as
shall be prescribed in the resolution of the directors of the hospital corporation providing
for their issuance. Such securities, and any interest coupons applicable thereto, shall be
executed in such manner and shall be substantially in the form provided for in the authorizing
resolution. Any securities issued by any hospital corporation...
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11-50-237
Section 11-50-237 Execution, sale, etc., of bonds and refunding bonds of corporation generally;
terms, denominations, etc., thereof; charge, application, etc., of revenues from systems to
payment of bonds, etc., generally; vesting of title to systems in municipality and dissolution
of corporation upon payment of bonds in full. (a) All bonds issued by any corporation organized
under this division shall be signed by the chairman of its board of directors or other chief
executive officer and attested by its secretary, and the seal of such corporation shall be
affixed thereto. Any interest coupons applicable to the bonds of such corporation shall be
signed by the chairman of the board of directors or other chief executive officer, but a facsimile
of such signature may be impressed on any such interest coupon in lieu of his manually signing
the same. Any such bonds may be executed and delivered by such corporation at any time and
from time to time, shall be in such form and denominations...
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11-57-1
Section 11-57-1 Definitions. The following words and phrases, whenever used in this chapter,
shall have the following respective meanings, unless the context clearly indicates otherwise:
(1) AUTHORITY. A corporation organized pursuant to the provisions of this chapter. (2) BOARD.
The board of directors of the authority. (3) BOND. Any bond issued under the provisions of
this chapter, including refunding bonds. (4) COUNTY. That county in which the certificate
of incorporation of the authority shall be filed for record. (5) COUPON. Any interest coupon
evidencing an installment of interest payable with respect to a bond. (6) FISCAL YEAR. A fiscal
year of the municipality. (7) GOVERNING BODY. The council, board of commissioners, or other
like body in which the legislative functions of the municipality are vested by law. (8) INDENTURE.
A mortgage, an indenture of mortgage, deed of trust or trust indenture executed by the authority
as security for any bonds. (9) LEASE AGREEMENT. Any agreement...
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16-17-1
Section 16-17-1 Definitions. For purposes of this chapter, the following words and phrases
shall be given the following respective meanings: (1) ANCILLARY IMPROVEMENTS. Educational
and related facilities of every kind including, but without limitation to, classrooms, scientific
and other laboratories, libraries, auditoriums, gymnasiums, cafeterias, dining rooms, dormitories,
student and faculty apartments, student union buildings, recreational and social facilities,
student and faculty infirmaries and clinics and facilities for washing, laundering and cleaning
clothing and fabrics of every kind, or any combination of any thereof, and shall also include
equipment and furniture and fixtures used or useful in educational and related facilities
of every kind. (2) APPLICANT.A natural person who files a written application with the governing
body of any municipality in accordance with the provisions of Section 16-17-3. (3) AUTHORITY.
Any public corporation organized pursuant to the...
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