11-89A-2
Section 11-89A-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 11-89A-3. (2) AUTHORITY. Any public
corporation organized pursuant to the provisions of this chapter. (3) AUTHORIZING RESOLUTION.
A resolution or ordinance adopted by the governing body of any county or municipality in accordance
with the provisions of Section 11-89A-3, that authorizes the incorporation of an authority.
(4) BOARD. The board of directors of an authority. (5) BONDS. Bonds, notes, or other obligations
representing an obligation to pay money. (6) COSTS. As applied to a facility or any portion
thereof, such term shall include all or any part of the cost of...
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11-92A-1
Section 11-92A-1 Definitions. When used in this chapter, the following terms shall have the
following meanings, respectively, unless the context clearly indicates otherwise: (1) ARTICLES.
The articles of incorporation or articles of reincorporation of an authority. (2) AUTHORITY.
A public corporation incorporated and reincorporated pursuant to the provisions of this chapter.
(3) AUTHORIZED OPERATIONAL AREA. The county or counties in which the authority has been or
is proposed to be authorized to operate, as designated in its articles of incorporation in
accordance with the provisions of this chapter. If an authority does not designate an authorized
operational area, then such authority's authorized operational area shall be deemed for all
purposes to be solely the county of incorporation of the authority. (4) BOARD OF DIRECTORS.
The board of directors of an authority. (5) BOND OR BONDS. A bond or bonds issued under the
provisions of this chapter. (6) COUNTY OF INCORPORATION. The county...
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45-41A-10.09
Section 45-41A-10.09 Boards of the authority. (a) All bonds issued by the authority shall be
payable solely out of the revenues and receipts derived from the leasing or sale by the board
of its projects or of any thereof as may be designated in the proceedings of the board under
which the bonds shall be authorized to be issued. (b)(1) The principal of and interest on
any bonds issued by the authority shall be secured by a pledge of the revenues and receipts
out of which the same may be payable and may be secured by a mortgage and deed of trust or
trust indenture conveying as security for such bonds all or any part of the property of the
authority from which the revenues or receipts so pledged may be derived. (2) The resolution
under which the bonds are authorized to be issued and any such mortgage and deed of trust
or trust indenture may contain any agreements and provisions respecting the operation, maintenance,
and insurance of the property covered by the mortgage and deed of trust...
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11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution; bond resolution
covenants. (a) The authority shall, prior to the adoption by the board of a resolution authorizing
the issuance of any bonds, enter into one or more contracts with two or more municipalities
which are authorized to contract with the authority pursuant to Section 11-50A-17. Any resolution
of the board authorizing the issuance of bonds may authorize those bonds to be issued in more
than one series, and the issuance of each series of bonds so authorized by that resolution
need not be preceded by the entering into by the authority of additional contracts pursuant
to Section 11-50A-17. (b) The board may by resolution or resolutions authorize the issuance
of bonds. Unless otherwise provided therein, the resolution or resolutions shall take effect
immediately and need not be published or posted. The board may authorize such types of bonds
as it may determine, subject only to any agreement with...
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11-92C-12
Section 11-92C-12 Notice of bond resolution. (a) Upon the adoption by the board of an authority
of any resolution providing for the issuance of bonds, the authority may publish once a week
for two consecutive weeks, in a newspaper published and having general circulation in the
geographical area of the authorizing subdivision, a notice in substantially the following
form, the blanks properly filled in, at the end of which shall be printed the name and title
of either the chair or secretary of the authority. "The _____ Local Redevelopment Authority,
a public corporation under the laws of the State of Alabama, on the _____ day of _____ authorized
the issuance of $_____ principal amount of bonds of the public corporation for purposes authorized
by the state law under which the public corporation was organized. Any action or proceeding
questioning the validity of the bonds, or the pledge and the mortgage and deed of trust or
trust indenture to secure the same, or the proceedings...
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11-99A-2
Section 11-99A-2 Definitions. In this chapter the following words shall have the following
meanings: (1) APPOINTING GOVERNMENT. The municipality or county that approves the creation
of a district and appoints members to the board. (2) BOARD. The board of directors of a district.
(3) CONTIGUOUS. Two tracts of land if touching for a continuous distance of not less than
200 feet. The term includes tracts of land divided by bodies of water, streets, railroad,
or utility rights-of-way, or by land owned by any public person. In determining whether land
is contiguous with a municipality, (i) land separated by bodies of water, streets, or railroad,
or utility rights-of-way is contiguous even though the bodies of water, streets, or rights-of-way
are within the city limits of another municipality and (ii) land separated by land owned by
a public person is not contiguous if the land owned by the public person is within the city
limits of another municipality. (4) COUNCIL. The governing body of a...
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45-23A-91.12
Section 45-23A-91.12 Notice of bond resolution. (a) Upon the adoption by the board of the authority
of any resolution providing for the issuance of bonds, such authority may, in its discretion,
cause to be published once a week for two consecutive weeks, in a newspaper published or having
a general circulation in the city, 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 chair or secretary of such authority: "Ozark Downtown Redevelopment Authority, a
public corporation under the laws of the State of Alabama, on the _____ day of _____, authorized
the issuance of $_____ principal amount of bonds of the public corporation for purposes authorized
in the act of the Legislature of Alabama under which the public corporation was organized.
Any action or proceeding questioning the validity of the bonds, or the pledge and the mortgage
and deed of trust or trust indenture to secure the same, or...
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45-27A-31.09
Section 45-27A-31.09 Bonds of authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. (1) The principle of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
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45-27A-31.12
Section 45-27A-31.12 Notice of bond resolution. (a) Upon the adoption by the board of the authority
of any resolution providing for the issuance of bonds, such authority may, in its discretion,
cause to be published once a week for two consecutive weeks, in a newspaper published or having
a general circulation in the city, 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 chair or secretary of such authority: "The Brewton 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 of the public corporation for purposes authorized
in the act of the Legislature of Alabama under which the public corporation was organized.
Any action or proceeding questioning the validity of the bonds, or the pledge and the mortgage
and deed of trust or trust indenture to secure the same, or the...
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45-35A-52.09
Section 45-35A-52.09 Bonds of authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. (1) The principal of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
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