11-92C-9
Section 11-92C-9 Bonds of authority. (a) Source of payment. All bonds issued by an authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects, or from any other source as may be designated in the proceedings
of the board under which the bonds are authorized to be issued. (b) Pledge of revenues, receipts,
and other security. The principal and interest on any bonds issued by an authority shall be
secured by a pledge of the revenues and receipts out of which the principal and interest may
be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for the bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (c) Resolutions. The resolution under which
the bonds of an authority are authorized to be issued and any mortgage and deed of trust or
trust indenture may contain any agreements and provisions respecting the...
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16-37-8
Section 16-37-8 City and county boards of education authorized to operate jointly vocational
high schools. (a) In order to further develop the human and natural resources of this state
and to correlate and make available information and training in local communities for instruction
in such subjects as mechanics, home economics, industrial, livestock, poultry, horticulture,
farming and dairying, and to provide exhibits of an educational and cultural nature, and to
provide for lectures, extension courses from the state universities and colleges or other
sources, the various city or counties or cities and county boards of education are hereby
authorized to create vocational high schools. (b) Any city or county board of education, or
any combinations of city or county boards of education are hereby authorized by agreement
to jointly or severally contract for the erection, maintenance and operation of vocational
high schools and to contract for the construction by each for such sums as said...
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41-10-396
Section 41-10-396 Powers of authority generally. The authority shall have the following
powers among others specified in this article: (1) To have succession by its corporate names
until dissolved as provided in this article; (2) To institute legal proceedings in any court
of competent jurisdiction to enforce its contractual, statutory and other rights; provided
that the authority shall be considered an instrumentality of the State of Alabama and entitled
to the sovereign immunity of the state; provided further, that any claim, demand or action
against the authority, or any of its directors, officers, employees or agents arising out
of their official capacities, shall be presented to the Board of Adjustment, which shall have
exclusive jurisdiction of any such claim, demand or action; (3) To have and to use a corporate
seal and to alter the same at pleasure; (4) To make and alter all needful bylaws, rules and
regulations for the transaction of the authority's business and the control of...
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8-8-7
Section 8-8-7 Maximum rates of interest - Exemption of bonds, notes, etc., of state,
instrumentalities, localities, etc. Any bonds, notes, warrants, other evidences of indebtedness,
or securities issued by the State of Alabama or any department, agency, or instrumentality
thereof, by any not-for-profit public or private corporation at any time organized or created
pursuant to act of the Legislature or executive order of the Governor for the purpose of acting
as an instrumentality of the State of Alabama or otherwise acting in the public interest and
by any board of water and sewer commissioners created under the provisions of Article 10,
Chapter 50, Title 11, and authorized to issue bonds under Section 11-50-345 by any
municipality, by any county, by any public corporation heretofore or hereafter organized or
created in the State of Alabama pursuant to authorization, determination, finding, or other
action of any municipality or municipalities or county or counties or the governing...
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11-28-3
Section 11-28-3 Special pledges. If the county commission of any county determines to
issue warrants under this chapter that are general obligations of such county, or if such
county commission determines to issue warrants under this chapter that are limited obligations
of such county payable solely from specified sources, then such county commission may assign
and specifically pledge for the payment of the principal of and the interest on such general
obligation warrants (as additional security for the payment thereof) or for the payment of
the principal of and interest on such limited obligation warrants (as the sole source for
the payment thereof), as the case may be, all or any portion of the funds derived from any
one or more of the following sources that are not subject to previous pledges or covenants
which would prevent the assignment and pledge hereby authorized, that are not required by
the laws and Constitution of the State of Alabama to be devoted to other purposes, and...

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11-47-226
Section 11-47-226 Loans, donations, performance of services, etc., by county, municipality,
or other political subdivision, etc., to achieve objectives of article; funding agreements;
amount of indebtedness under funding agreements. (a) For the purpose of attaining the objectives
of this article, any county, municipality, or other political subdivision, or public corporation,
agency, or instrumentality of the state, a county, or municipality, may, upon such terms and
with or without consideration, as it may determine, do any or all of the following: (1) Lend
or donate money to an authority or perform services for the benefit thereof. (2) Donate, sell,
convey, transfer, lease, or grant to an authority, without the necessity of authorization
at any election of qualified voters, any property of any kind. (3) Do any and all things,
whether or not specifically authorized in this section, not otherwise prohibited by
law, which are necessary or convenient to aid and cooperate with an...
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11-65-6
Section 11-65-6 Incorporation of commission. The five persons initially designated as
members of a commission shall become a corporation with the power and authority provided in
this chapter by proceeding according to the provisions of this chapter. To become a corporation,
the persons so designated shall present to the Secretary of State an application signed by
them which shall contain the following: (1) A statement that the applicants propose to incorporate
a commission pursuant to this chapter; (2) The name and principal residence of each of the
applicants; (3) The date on which each applicant who is not an ex officio member was appointed
as a member and the expiration date of the term for which he was appointed; (4) The term of
office for each applicant who is an ex officio member; (5) The name of the proposed corporation,
which shall be "The _____ [name of the sponsoring municipality] Racing Commission";
(6) The location of the principal office of the proposed corporation, which...
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11-88-1
Section 11-88-1 Definitions. When used in this article, the following words and phrases
shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) APPLICANT. A natural person who files a written application with the governing body of
any county in accordance with the provisions of Section 11-88-3. (2) AUTHORITY. A public
corporation organized pursuant to the provisions of this article. (3) BOARD. The board of
directors of an authority. (4) BONDS. Bonds, notes, and certificates representing an obligation
to pay money. (5) CONCISE LEGAL DESCRIPTION. A reasonably concise description of a particular
geographic area which may be by metes and bounds or by reference to government surveys, recorded
maps and plats, municipal, county, or state boundary lines, well-defined landmarks and other
monuments, or any combination of the foregoing. (6) COUNTY. Any county in the state. (7) DETERMINING
COUNTY. Any county the governing body of which shall have made...
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11-89-13
Section 11-89-13 Loans, sales, grants, etc., of money, property, etc., to district by
counties, municipalities, public corporations, etc. For the purpose of securing water service,
sewer service, or fire protection service or aiding or cooperating with the district in the
planning, development, undertaking, construction, extension, improvement, operation, or protection
of water systems, sewer systems, and fire protection facilities, any county, municipality,
or other political subdivision, public corporation, agency, or instrumentality of this state
may, upon such terms and with or without consideration, as it may determine: (1) Lend or donate
money to, guarantee all or any part of the indebtedness of, or perform services for the benefit
of the district; (2) Donate, sell, convey, transfer, lease, or grant to the district, without
the necessity of authorization at any election of qualified voters, any property of any kind,
including, but without limitation, any water system, sewer...
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11-89A-4
Section 11-89A-4 Incorporation procedure; contents, execution, and filing of certificate
of incorporation; notice to Secretary of State. (a) Within 40 days following the adoption
of an authorizing resolution (or, if there is more than one, the last adopted thereof), the
applicants shall proceed to incorporate an authority by filing for record in the office of
the judge of probate of the county in which the principal office of the authority is to be
located a certificate of incorporation which shall comply in form and substance with the requirements
of this section and which shall be in the form and executed in the manner provided
in this chapter and shall also be in the form theretofore approved by the governing body of
each determining subdivision. (b) The certificate of incorporation of the authority shall
state: (1) The names of the persons forming the authority, and that each of them is a duly
qualified elector of the determining subdivision (or, if there is more than one, at least...

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