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11-62-12
Section 11-62-12 Establishment and maintenance of special debt service reserve funds,
etc. Any authority may establish and maintain one or more special debt service reserve funds
and such other special fund or funds as may be necessary or desirable for its corporate purposes
and may pay into each such fund any moneys contributed or granted to such authority for the
purpose of such fund by any governmental or public entity or any private party, any proceeds
from the sale of bonds or notes to the extent provided in the resolution adopted by the board
of such authority authorizing the issuance of such bonds or notes and any other moneys which
may be made available to such authority for the purpose of such fund from any other source
or sources. (Acts 1979, No. 79-332, p. 506, ยง9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-12.htm - 1K - Match Info - Similar pages
16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature
finds that the number of students attending the several school systems located in those areas
of North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16A-7.htm - 24K - Match Info - Similar pages
11-32-9
Section 11-32-9 Bonds - Form and execution; sale; obligations; notice. (a) All bonds
issued by the authority shall be signed by the chair, vice chair, or executive director and
attested by its secretary or assistant secretary, and the seal of the authority shall be affixed
thereto except that a facsimile of the signature of the officers may be printed or otherwise
reproduced on any of the bonds in lieu of being manually subscribed on the bonds, a facsimile
of the seal of the authority may be printed or otherwise produced on the bonds in lieu of
being manually affixed thereto, if the bonds have been manually authenticated by a transfer
agent of the bond issue. Delivery of executed bonds shall be valid notwithstanding any changes
in officers or in the seal of the authority after the signing and sealing of the bonds. The
bonds may be executed and delivered by the authority at any time and from time to time, shall
be in the form and denominations and of the tenor and maturities, shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-32-9.htm - 6K - Match Info - Similar pages
11-47-214
Section 11-47-214 Authorization by subdivisions of organization and incorporation of
authorities for acquisition, establishment, operation, etc., of projects generally; application
for authority to form corporation; review of application; publication of resolution approving
or denying application. (a) The governing bodies of two or more subdivisions may authorize
the organization of an authority as a public corporation with powers set forth in this article
for the purpose of acquiring, financing, refinancing, providing, establishing, installing,
using, or managing one or more projects. (b) To organize such a corporation, not less than
three natural persons shall file with the governing body of any subdivision or any two or
more thereof, an application in writing for permission to incorporate a public corporation
under this article, which application shall: (1) Recite the name of each county and municipality
with the governing body of the county or municipality with which the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-214.htm - 3K - Match Info - Similar pages
11-47-233
Section 11-47-233 Notice respecting issuance of bonds; limitation of actions contesting
validity of bonds. Upon the adoption by the board of an authority of any resolution providing
for the issuance of bonds, the authority shall cause a notice respecting the issuance of the
bonds to be published once a week for two consecutive weeks in each county in which shall
be located any project financed or in any way assisted by the issuance of the bonds, the publication
in each county to be in a newspaper having general circulation therein. The notice shall be
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 the authority: "___,
a public corporation and instrumentality of the State of Alabama, on the _____ day of ___,
authorized the issuance of $ _____ principal amount of bonds (or notes, as the case may be)
of the public corporation for purposes authorized in the act...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-233.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89A-13.htm - 1K - Match Info - Similar pages
11-92B-10
Section 11-92B-10 Powers and duties of authority. An authority shall have the following
powers and duties together with all powers and duties incidental thereto or necessary to the
discharge thereof: (1) To sue or be sued and to prosecute and defend in any court of competent
jurisdiction. (2) To adopt and to use a corporate seal and to alter the seal at pleasure.
(3) To adopt and alter bylaws for the regulation and conduct of its affairs and business.
(4) With respect to property within the operational area of the authority, to acquire, receive,
and take title to by purchase, gift, lease, devise, or otherwise, to hold, keep, improve,
maintain, and impose restrictive covenants and land use controls, to engage in environmental
remediation and restoration efforts as required under applicable agreements with the United
States Department of Defense, to equip, furnish, develop, and to transfer, convey, donate,
sell, lease, grant options to, assign, encumber with easements and mortgages and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92B-10.htm - 7K - Match Info - Similar pages
16-47-95
Section 16-47-95 Acquisition of property for school of medicine; issuance of bonds.
The Board of Trustees of the University of Alabama shall have full power and authority to
acquire by purchase, lease or gift from any city, county or other public or private body,
and to maintain, utilize and operate any personal or real property, whether in the form of
hospitals, clinics or otherwise, deemed to be appropriate and necessary to the maintenance
and operation of its school of medicine, and any such city, county or other public or private
body shall have full power and authority to convey and transfer the said personal and real
property accordingly on such terms as its governing body shall determine. The said board is
further given the specific full power and authority to assume any and all legal obligations
lying against the vendor, lessor or donor by virtue of ownership of property so acquired,
and to assume any and all legal obligations lying against the property so acquired or against...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-47-95.htm - 2K - Match Info - Similar pages
2-3A-13
Section 2-3A-13 Freedom of authority from state supervision and control; applicability
of code of ethics. (a) This article is intended to aid the state through the furtherance of
the purposes of the article 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 article, no proceeding, notice or approval shall be required for the incorporation
of the authority, 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 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. (b) The directors, the officers
and employees of the authority shall be subject to Chapter 25 of Title 36 and to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-13.htm - 1K - Match Info - Similar pages
24-1-36
Section 24-1-36 Investment by state, fiduciaries, banks, etc., in bonds, etc., issued
by authorities. Notwithstanding any restrictions on investments contained in any laws of this
state, the state and all public officers, municipal corporations, political subdivisions other
than county and public bodies, all banks, bankers, trust companies, savings banks and institutions,
building and loan associations, savings and loan associations, investment companies, and other
persons carrying on a banking business, all insurance companies, insurance associations, and
other persons carrying on an insurance business and all executors, administrators, guardians,
trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds
belonging to them or within their control in any bonds or other obligations issued by a housing
authority pursuant to this article or issued by any public housing authority or agency in
the United States, when such bonds or other obligations are...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-36.htm - 2K - Match Info - Similar pages
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