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11-105-5
Section 11-105-5 Powers of board. (a) The power of the authority shall be vested in and exercised
by the board of directors pursuant to this chapter. (b) The board may employ agents, employees,
officers, consultants, attorneys, and secure services and assistance the board deems necessary
to enable it to conduct and engage in the activities and purposes for which the authority
is created. (c) The board may delegate to one or more of its members, employees, agents, or
officers, the duties it deems proper. (d) The board shall elect a chair and a treasurer, and
may elect a vice chair of the board who shall serve as chair in the event of the absence of
the chair, and a secretary. One person may serve as treasurer and secretary. The treasurer
and secretary may, but need not be, a member of the board. (e) The board shall provide by
resolution for the dates on which the chair, vice chair, treasurer, secretary, or any other
officers shall be elected, which resolution shall also specify the term...
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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immediately and need not be published or posted.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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14-2-16.1
Section 14-2-16.1 Bonds - Report to Legislature; contents. The bonding authority provided herein
must file a report, in concise, simple language to each legislator between the first and the
twelfth legislative day of each legislative session which shall reflect the date of the issuance
of the bonds, total amount of the bonds, maturity date, schedule of payments, including interest
and principal, amount of attorney fees, architect fees and bond attorney fees, discount points
and all other costs incurred in the issuance of and sale of the bonds herein authorized, and
to what person, firm, corporation, company or other entity to which any such fees or money
is to be or has been paid. (Acts 1992, No. 92-587, §5.)...
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19-4-40
Section 19-4-40 Definitions. When used in this article, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) FIDUCIARY. An administrator, an administrator with the will annexed, an administrator
de bonis non, an executor, a trustee, a guardian, a conservator, an agent or a custodian.
(2) FIDUCIARY ACCOUNT. An estate, a trust, a guardianship, a custodianship, an agency or any
other fiduciary relationship, including a custodianship or agency for another fiduciary or
fiduciaries. (3) BANK. A bank or trust company organized and existing under the laws of Alabama
with authority to act as a fiduciary and a national banking association with its principal
office in the State of Alabama and with authority to act as a fiduciary. (4) TREASURY SECURITY.
Any bill, note, bond, certificate of indebtedness or other evidence of indebtedness the principal
and interest of which the United States or any department, agency or...
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23-1-21
Section 23-1-21 Director of Transportation. The chief executive officer of the State Department
of Transportation shall be known as the Director of Transportation, who shall be appointed
by the Governor and shall hold office at the pleasure of the Governor. All the powers, authority,
and duties vested in the State Department of Transportation shall be exercised by the Director
of Transportation. Before entering upon the duties of office, the Director of Transportation
shall execute to the State of Alabama a bond, to be approved by the Governor, in an amount
to be fixed by the Governor, for the faithful performance of his or her duties. (Code 1923,
§1302; Acts 1927, No. 347, p. 348; Acts 1931, No. 10, p. 7; Acts 1939, No. 13, p. 9; Code
1940, T. 23, §2; Acts 1943, No. 122, p. 123; Acts 1961, Ex. Sess., No. 208, p. 2190; Acts
1993, 1st Ex. Sess., No. 93-843, p. 54, §2.)...
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24-9-7
Section 24-9-7 Disposition of tax delinquent properties. (a) The authority shall adopt rules
and regulations for the disposition of property in which the authority holds a legal interest,
which rules and regulations shall address the conditions set forth in this section. (b) The
authority may manage, maintain, protect, rent, repair, insure, alter, convey, sell, transfer,
exchange, lease as lessor, or otherwise dispose of property or rights or interests in property
in which the authority holds a legal interest to any public or private person for value determined
by the authority on terms and conditions, and in a manner and for an amount of consideration
the authority considers proper, fair, and valuable, including for no monetary consideration.
The transfer and use of property under this section and the exercise by the authority of powers
and duties under Act 2013-249 shall be considered a necessary public purpose and for the benefit
of the public. (c) Before the authority may sell,...
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33-1-7
Section 33-1-7 Functions of secretary-treasurer; bond. (a) The secretary-treasurer shall receive
and disburse for the port authority, under the supervision of the director, all moneys which
the port authority is authorized to receive and disburse. The secretary-treasurer shall be
responsible for the safekeeping thereof and shall properly account therefor. The director
shall make a monthly report to the board of the acts and doings of the secretary-treasurer.
(b) Before entering upon the duties of his or her office, the secretary-treasurer shall execute
to the State of Alabama a bond, to be approved by the board, in an amount to be fixed by the
director of the port authority, for the faithful performance of his or her duties. (Acts 1943,
No. 122, p. 123; Acts 1955, No. 103, p. 345, §7; Acts 1961, Ex. Sess., No.
208, p. 2190; Act 2000-598, §2.)...
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37-2-60
Section 37-2-60 Measure of damages for loss, injury, or delay in delivery, etc. In all cases
of loss, destruction, injury to, delay in delivering or failure to deliver property, chattels
or goods of any character to the person entitled thereto by a transportation company, having
received the same for shipment in accordance with the contract of shipment, such transportation
company shall be liable to the person having the title to such property, chattels, or goods,
when lost or destroyed, for the market value of such chattels, property, or goods at the place
of destination, at the time and in the condition they should have been delivered, with interest
from the time they should have been delivered; and where injured, for the damages caused thereto,
less the amount of freight charges due for their transportation, with interest from the time
they should have been delivered uninjured; and in case of delay beyond a reasonable time,
the difference in the value of the goods when they should...
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40-9B-13
Section 40-9B-13 Disaster recovery tax incentive protection. (a) This section shall be known
as the Disaster Recovery Tax Incentive Protection Act of 2011. (b) For the purposes of this
section, the following terms shall have the following meanings: (1) DISASTER REPLACEMENT PROPERTY.
Private use industrial property obtained by a private user to repair or replace private use
industrial property on which tax abatements were in existence at the time of a natural disaster,
that was damaged or destroyed by the natural disaster. (2) GOVERNING BODY. The governing body
of a municipality, a county, or a public industrial authority which may grant tax abatements
with respect to private use industrial property under Section 40-9B-4, subject to the geographical
or jurisdictional or other limitations of Section 40-9B-5. (3) NATURAL DISASTER. A catastrophe
caused by nature, or regardless of cause, a fire, flood, or explosion, which is declared by
the President of the United States or the Governor of...
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41-10-268
Section 41-10-268 Authorization, issuance and sale of bonds. The authority is hereby authorized
from time to time to sell and issue its interest-bearing or noninterest-bearing bonds, in
one or more series, not to exceed an aggregate principal amount of $40,000,000.00, excluding
refunding bonds described in Section 41-10-277, for the purpose of providing funds for the
acquisition, construction, installation and equipping of judicial facilities, and for payment
of obligations incurred for any of said purposes. Bonds of the authority may be in such form
and denominations, may be of such tenor, may be payable in such installments and at such time
or times not exceeding 30 years from their date, may be payable at such place or places, may
be redeemable at such times and under such conditions, may bear interest at such rate or rates
payable and evidenced in such manner or may be structured to bear no interest or to reflect
compound interest and may be secured in such manner, all as shall not...
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