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5-17-45
Section 5-17-45 Legislative findings; powers of credit unions; agreements; reports. (a) The
Legislature finds as fact and determines that the credit unions having their principal place
of business in Alabama must keep pace with technological and other improvements constantly
being made throughout the United States so as to enable Alabama credit unions to render better
and more efficient services to their members. It is necessary and desirable that the administrator
be given additional authority in these fields. (b) The administrator is hereby authorized
to expand powers of Alabama credit unions in order to accomplish both of the following: (1)
Accommodate or take advantage of changing technologies. (2) Assure the ability of Alabama
credit unions to be responsive in their business to the needs and conveniences demanded by
credit union members through on-premises as well as off-premises operations; provided, that
nothing in this section shall enable the administrator to authorize credit...
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11-32-7
and trust indentures, or either. (17) Exercise the power of eminent domain, except as limited
by state law, except the authority may not acquire, without the consent of the owner, any
transportation system from which public transportation service is currently being furnished.
The authority may not by eminent domain acquire any real property or rights owned or held
by public or private railroads or utilities. (18) Expend funds for the purchase or lease of
materials, equipment, supplies, or other personal property without compliance with
Chapter 16 of Title 41. (19) Appoint, employ, contract with, and provide for the compensation
of, officers, employees, and agents, including, but without limitation to, engineers, attorneys,
management consultants, fiscal advisers, or other consultants without regard to Chapter 16
of Title 41, or any law establishing a civil service or merit system that might otherwise
be applicable, as the business of the authority may deem necessary or desirable, and...
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11-86A-12
and recreation purposes to other public persons and to any organization which is described
in Section 501(c)(3) of the Internal Revenue Code of 1986, as in effect from time to time,
or as recodified, or any corresponding provision of any future revenue law. (9) To accept
gifts, grants, bequests, or devises. (10) To accept grants of money from public persons and
to enter into binding agreements with those entities, with or without consideration. (11)
To accept donations of money or real or personal or mixed property. (12) To invest
in bank deposits, U.S. Treasury obligations, instruments, real, personal, or mixed
property, and other investments as the board of directors may determine to be appropriate
and convenient to accomplish any purpose for which an authority is organized, including works
of internal improvement. (13) To appoint, contract with, and employ officers, employees, and
agents including, but not limited to, engineers, accountants, attorneys, architects, construction...
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11-98-6
costs necessary to implement, operate, and maintain an emergency communication system. (4)
Facilities to house E-911 operators and related services as defined in this chapter, with
the approval of the creating authority, and for necessary emergency and uninterruptable power
supplies for the systems. (5) Administrative and other costs related to subdivisions (1) to
(4), inclusive. (b) A district or county or municipal governing body may receive federal,
state, county, or municipal real or personal property and funds, as well as real or
personal property and funds from private sources, and may expend the funds or use the
property for the purposes of this chapter. (c) Subject to the remaining provisions of this
chapter and the approval of the 911 Board and the creating authority, two or more districts,
cities, or counties, or a city and a county in another district may agree to cooperate, to
the extent practicable, to provide funding and service to their respective areas, and a single...
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22-21-311
Section 22-21-311 Definitions. (a) The following words and phrases used in this article, 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) APPLICANT.
A natural person who files a written application with the governing body of a county, municipality,
or educational institution, or two or more thereof, in accordance with the provisions of Section
22-21-313. (2) AUTHORITY. A public corporation organized, and any public hospital corporation
reincorporated, pursuant to the provisions hereof. (3) AUTHORIZING RESOLUTION. The resolution
adopted by the governing body of an authorizing subdivision, in accordance with the provisions
of Section 22-21-313 or Section 22-21-341, that authorizes the incorporation of an authority
or the reincorporation of a public hospital corporation. (4) AUTHORIZING SUBDIVISION. Each
county, municipality, and educational institution with...
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24-1-6
Section 24-1-6 Establishment of rentals and tenant selection in low rent housing projects.
(a) It is declared to be the policy of this state that each housing authority shall manage
and operate its low rent housing projects in an efficient manner so as to enable it to fix
the rentals for dwelling accommodations at the lowest possible rates consistent with its providing
decent, safe, and sanitary dwelling accommodations for persons of low income, and that no
housing authority shall construct or operate any such project for profit, or as a source of
revenue of the city or town. To this end a housing authority shall fix the rentals for such
dwellings in its low rent housing projects at no higher rates than it shall find to be necessary
in order to produce revenues which, together with all other available moneys, revenues, income,
and receipts of such authority from whatever sources derived, including federal financial
assistance necessary to maintain the low rent character of the...
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41-10-541
such obligations, and which meet the greater of 100% collateralization or the "AA"
collateral levels established by Standard & Poor's Rating Group for structured financings;
and h. Uncollateralized investment agreements with, or certificates of deposit issued by banks
or bank holding companies, the senior long-term securities of which are rated at least "AA"
by Standard & Poor's Rating Group and at least "Aa" by Moody's Investors Service.
(11) FINANCED PROPERTY. All property whether real, personal, or mixed, the costs of
which were or are to be paid or reimbursed in whole or in part with the proceeds of bonds
of the authority or the proceeds of authority-guaranteed obligations. (12) FINANCING AGREEMENT.
Any loan, lease, agreement, grant agreement, financing agreement, credit agreement, security
agreement, mortgage, indenture, guaranty agreement, or other type of agreement entered into
by the authority in connection with the incurring of authority obligations. (13) FUNDING AGREEMENT....
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41-29-501
Section 41-29-501 Definitions. (a) For the purposes of this article, the following words and
phrases shall have the following meanings: (1) AUTHORITY. The public corporation organized
pursuant to the provisions of Sections 41-10-20 through 41-10-32. (2) AUTHORIZED PURPOSE.
Any one or more of the purposes for which grants are herein authorized to be made as specified
in Section 41-29-503(a). (3) BOARD OF DIRECTORS. The board of directors of the authority.
(4) BOND. The bonds issued under the provisions of this article. (5) CAPITAL COSTS. All costs
and expenses incurred by one or more investing companies in connection with the acquisition,
construction, installation, and equipping of a qualifying project during the period commencing
with the date on which such acquisition, construction, installation, and equipping commences
and ending on the date on which the qualifying project is placed in service, including, without
limitation of all of the following: a. The costs of acquiring,...
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43-2-843
Section 43-2-843 Transactions authorized for personal representatives; exceptions. Except
as restricted or otherwise provided by the will or by an order of court and subject to the
priorities stated in Section 43-8-76, a personal representative, acting prudently for
the benefit of the interested persons, may properly: (1) Retain assets owned by the decedent
pending distribution or liquidation including those in which the representative is personally
interested or which are otherwise improper for trust investment. (2) Receive assets from fiduciaries,
or other sources. (3) Perform, compromise, or refuse performance of the decedent's contracts
that continue as obligations of the estate, as the personal representative may determine
under the circumstances. In performing enforceable contracts by the decedent to convey or
lease land, the personal representative, among other possible courses of action, may
do either of the following: a. Execute and deliver a deed of conveyance for cash...
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45-30-250.05
of time specified in its certificate of incorporation. (2) To sue and be sued in its own name
in civil actions, except as otherwise provided in this act, and to defend civil actions against
it. (3) To adopt and make use of a corporate seal and to alter the same at pleasure. (4) To
adopt and alter bylaws for the regulation and conduct of its affairs and business. (5) To
acquire, receive, or take, by purchase, gift, lease, devise, or otherwise, and to hold property
of every description, real, personal, or mixed, whether located in one or more counties
and whether located within or outside the service area. (6) To make, enter into, and execute
contracts, agreements, leases, and other instruments and to take any other actions necessary
or convenient to accomplish any purpose for which the authority was organized or to exercise
any power expressly granted under this section. (7) To plan, establish, develop, acquire,
purchase, lease, construct, reconstruct, enlarge, improve, maintain, equip,...
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