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22-21-137
Section 22-21-137 Powers - Generally. The authority shall have the following powers and capacities,
among others specified in this article, together with all powers incidental thereto or necessary
to the discharge thereof: (1) To have succession by its corporate name until dissolved as
provided in Section 22-21-154; (2) To maintain actions and have actions maintained against
it by others in any form of litigation other than an action ex delicto, and to defend any
litigation brought against it; (3) To have and use 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, whether by purchase, gift, lease, devise or otherwise, property
of every description which the board may deem necessary or desirable to the acquisition, construction,
reconstruction, improvement, enlargement, equipment, operation or maintenance of a project
and to hold title thereto; (6) To construct, enlarge, improve,...
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33-10-24
Section 33-10-24 Issuance of bonds. The commission is granted the power to incur debt and issue
bonds by any of the means authorized by the Constitution and laws of the State of Alabama.
Any revenue-producing wharf, dock, warehouse, elevator, industrial facility or other structure
owned by or to be acquired by the commission from proceeds of bonds issued by it is hereby
declared to be a revenue-producing public utility as that term is used and defined by the
Constitution and laws of the state in connection with the issuance of revenue bonds of political
subdivisions of the state. As an additional grant of authority beyond other provisions of
the Constitution, the commission is authorized to issue negotiable bonds for any purpose within
their delegated authority, and to pledge for the payment of the principal and interest of
such negotiable bonds the income and revenues derived or to be derived from the properties
and facilities maintained and operated by them or received by the...
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11-89A-1
Section 11-89A-1 Legislative findings. It is hereby found and declared as follows: That the
collection, disposal, and utilization of solid waste is a matter of grave concern to all citizens
and is an activity thoroughly affected with the public interest; that the health, safety,
and welfare of the people of this state require efficient solid waste collection and disposal
service and efficient utilization of such waste; that the need exists to develop alternative
energy sources for public and private consumption in order to reduce our dependence on such
sources as petroleum products, natural gas, nuclear and hydroelectric generation; that solid
waste represents a potential source of solid fuel, oil or gas that can be converted into energy;
that technology exists to produce usable energy from solid waste; that there is a need for
planning, research, development, and innovation in the design, management, and operation of
facilities for solid waste management, in order to encourage...
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16-13-302
Section 16-13-302 Issuance authorized; purposes; refunding warrants; powers of the boards;
mandamus for payment. (a) In addition to all other notes, obligations, warrants, and other
forms or types of indebtedness which any board shall have the power to issue pursuant to laws
other than this article, each board shall have full and continuing power from time to time
to issue and sell warrants for educational and public school purposes, including, without
limitation, the following: (1) For the purpose of paying the costs of public school facilities.
(2) For the purpose of paying or refunding all or any portion (principal or interest or premium)
of any refundable debt then outstanding, whether such refunding shall occur before, at, or
after the maturity of the refundable debt to be refunded. (3) For the payment of extraordinary,
nonrecurring items that are not customarily payable from current revenues, including, without
limitation, casualty losses, legal judgments, and payments due upon...
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22-29-11
Section 22-29-11 Temporary financing. In anticipation of the issuance of bonds, the authority
may borrow such sums as may be needed, not exceeding $500,000.00 to be outstanding at any
one time, for any of the purposes enumerated in this chapter and to obligate itself by certificate
or promissory note, bearing interest at a rate or rates to be specified by the authority,
and maturing within 18 months from date. Such certificates or promissory notes shall be payable
solely from the proceeds of the bonds of the authority and from the funds from which such
bonds are payable. In the event that state funds are not available for a state grant for a
project when application is made, in order to accelerate the completion of any project, the
local public body may, with the approval of the authority, obligate such local public body
to provide local funds to pay that portion of the cost of the project which the state will
make available by grant, and the state shall refund the amount expended on...
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37-5-3
Section 37-5-3 Purpose and general powers. A district shall be created for the purpose of conducting
and operating a utility and, to carry out such purpose, shall have power and authority to
acquire, construct, reconstruct, operate, maintain, extend or improve any utility within or
without the district and to furnish, deliver and sell to the public and to any municipality
and to the state and any public institution heat, light and power service and any other service,
commodity or facility which may be produced or furnished in connection therewith. For said
purposes the district is granted and shall have and exercise the right freely to use and occupy
any public highway, street, way or place reasonably necessary to be used or occupied for the
maintenance and operation of such utility or any part thereof, subject to such local regulations
as may be imposed in connection therewith by any regulations of the governing body of the
municipality in which such highway, street, way or place is...
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4-3-80
Section 4-3-80 Authority and procedure. Any incorporated city or town in this state may borrow
money to the extent of its constitutional debt limit for the purpose of providing funds to
enable or assist any airport authority incorporated as a public corporation with the consent
and approval of such city or town to acquire, own and operate any airport, including related
facilities, situated within or without the corporate limits of such city or town or partly
within or without such limits and to pay all costs, fees and commissions agreed upon in connection
with any such loans, and the governing body thereof may, without an election, issue evidences
of its indebtedness in the form of interest-bearing warrants, notes or bills payable, maturing
at such time or times as such governing body may determine, not exceeding 20 years from the
date of issue, and any such city or town may, as security for any such evidences of indebtedness
and as a part of the contract whereunder any money is...
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11-59-8
Section 11-59-8 Powers of corporations generally. The corporation shall have the following
powers together with all powers incidental thereto or necessary for the performance of those
hereinafter stated: (1) To have succession by its corporate name for the period specified
in the certificate of incorporation unless sooner dissolved as provided in this chapter; (2)
To sue and be sued and to prosecute and defend civil actions in any court having jurisdiction
of the subject matter and of the parties; (3) To have and to use a corporate seal and to alter
the same at pleasure; (4) To acquire, whether by condemnation, purchase, exchange, gift, lease,
devise or otherwise, and to construct, enlarge, improve, maintain, equip, and furnish one
or more facilities, including all real and personal properties which the board of directors
of the corporation may deem necessary or convenient in connection therewith and regardless
of whether or not any such facilities shall then be in existence and...
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11-63-2
Section 11-63-2 Loans, grants, etc., of property, payment of principal or interest on outstanding
bonds and securities, etc., by municipalities for assistance of related public corporations
authorized generally; issuance of bonds by municipalities to provide moneys for loans, payments,
etc., generally; creation of irrevocable trust funds for payment of corporate securities.
(a) In addition to all other powers that a municipality may have with respect to a related
public corporation, any municipality may, with or without consideration and on such terms
as its governing body may deem advisable: (1) Lend or donate money to, or perform services
for the benefit of, a related public corporation; (2) Donate, convey, transfer, lease, or
grant to a related public corporation any property of any kind; (3) Pay, or provide for the
payment of, the principal of or interest on any then outstanding bonds or other securities
theretofore issued by a related public corporation, whether or not such...
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11-50A-1
Section 11-50A-1 Definitions. As used in this chapter, the following words shall have the following
meanings unless the context clearly indicates otherwise: (1) AUTHORITY. Alabama Municipal
Electric Authority created pursuant to this chapter and any successor or successors thereto.
(2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by the authority
under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION NOTES.
Short term obligations issued by the authority in anticipation of the issuance of bonds. (5)
COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment, alteration,
repair, or extension of any project; all costs of real and personal property required for
the purposes of any project, including any rights or undivided interest therein; all costs
of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates,
and all costs of securing any permits, approvals, licenses,...
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