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14-2-10
Section 14-2-10 Temporary loans in anticipation of issuance of bonds. In anticipation of issuance
of bonds under this chapter, the authority may, from time to time, borrow such sums as may
be needed, not exceeding $1,000,000.00 in aggregate principal amount, for any of the purposes
for which bonds are authorized to be issued under this chapter and in evidence of the moneys
so borrowed may issue its promissory notes. The authorized principal amount of notes that
may be issued under this section shall be reduced to the extent that bonds may be issued under
this chapter. The principal of and the interest on notes so issued may, from time to time,
be refunded by refunding notes or by bonds in anticipation of the issuance of which such notes
were issued. All such notes, whether initial issues or refunding issues, may bear interest
from their dates until their maturities at such rate or rates as may be deemed acceptable
by the board of directors, not to exceed 10 percent per annum, shall...
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23-1-155
and of the parties. (3) To have and to use a corporate seal and to alter the same at pleasure.
(4) To construct, reconstruct, and relocate, or to cause to be constructed, reconstructed,
and relocated, public roads, bridges, and approaches thereto, tunnels, and other public roadway
improvements, including work incidental or related thereto, in the State of Alabama. (5) To
acquire by purchase, gift or condemnation or any other lawful means and to convey, or cause
to be conveyed, any real, personal, or mixed property or materials necessary or convenient
in connection with the construction, reconstruction, or relocation of public roads, bridges
and approaches thereto, tunnels and other public roadway improvements in the State of Alabama.
(6) To exercise the right of eminent domain as freely and completely as, and in the same manner
that, the State of Alabama is empowered to exercise such right. (7) To borrow money for its
corporate purposes and, in evidence of such borrowing, to sell...
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11-48-82
Section 11-48-82 Issuance of general obligation bonds, etc., to pay cost of improvements. Each
such city shall have the same power to issue its general obligation bonds and other general
obligation securities to pay the cost of public improvements constructed in the police jurisdiction
of such city that it may have under any law now existing or hereafter enacted to issue general
obligation bonds or other general obligation securities for payment of the cost of public
improvements within the city. All such laws relating to the issuance by any such city of general
obligation bonds or other general obligation securities to pay the cost of public improvements,
where all or any part of such cost is assessed or to be assessed against property located
within the corporate limits of the city, shall apply to and govern the issuance and sale of
general obligation bonds and other general obligation securities and the making of any pledges
for payment thereof to obtain money to pay the cost of...
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41-10-267
of the subject matter and of the parties thereto; (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 its property and affairs;
(5) To provide for the acquisition, construction, installation, equipping, operation and maintenance
of judicial facilities; (6) To receive, take and hold by sale, gift, lease, devise or otherwise,
real and personal property of every description, and to manage the same; (7) To acquire
by purchase, gift, or the exercise of the power of eminent domain, or any other lawful means,
and to transfer, convey or cause to be conveyed to the state, any real, personal or
mixed property; (8) To exercise the right of eminent domain as freely and completely as, and
in the same manner as, the state is empowered to exercise such right; (9) To borrow money
and issue its bonds in evidence thereof subject to the...
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41-10-91
Section 41-10-91 Powers of corporation - Generally. The corporation shall have the following
powers, together with all powers incidental thereto or necessary to the discharge thereof
in corporate form: (1) To have succession by its corporate name until dissolved as provided
in this article; (2) To sue and be sued, to prosecute and defend civil actions in any court
having jurisdiction of the subject matter and the parties; (3) To 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, whether by purchase, gift, lease, devise,
exercise of the power of eminent domain or otherwise, property of every description which
the board may deem necessary to the acquisition, construction, improvement, enlargement, operation
or maintenance of one or more projects and to hold title thereto or a leasehold interest therein;
(6) To borrow money for any of its corporate purposes and to sell...
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10A-10-1.09
(4) Make contracts, incur liabilities, and borrow money. (5) Sell, mortgage, lease, pledge,
exchange, convey, transfer, and otherwise dispose of all or any part of its assets. (6) Issue
bonds, notes, and other obligations, and secure them by mortgage or deed of trust of all or
any part of its assets. (7) Subject to Section 10A-10-1.10, acquire by purchase, or in any
other manner, take, receive, own, hold, use, employ, improve, encumber, and otherwise deal
with any interest in real and personal property, wherever located. (8) Purchase, take,
receive, subscribe for, or otherwise acquire, own, hold, vote, use, employ, sell, mortgage,
loan, pledge, or otherwise dispose of and deal with: a. Securities, shares, and other interests
in any obligations of domestic and foreign corporations, other real estate investment trusts,
associations, partnerships, and individuals. b. Direct and indirect obligations of the United
States, any other government, state, territory, government district,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-10-1.09.htm - 3K - Match Info - Similar pages
11-97-9
Section 11-97-9 Bonds of corporation generally. (a) Any corporation shall have the power to
issue, sell and deliver at any time and from time to time its bonds in such principal amount
or amounts as its board shall determine to be necessary to provide sufficient funds for achieving
any of its corporate purposes, including the payment of interest on any of its bonds, the
establishment of reserves to secure any such bonds and all other expenditures of such corporation
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
corporation shall also have the power to issue from time to time bonds to renew bonds and
bonds to pay bonds, including interest thereon and, whenever it deems refunding expedient,
to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or
have not matured, and to issue bonds partly to refund bonds then outstanding and partly for
any other of its corporate purposes. (b) The bonds issued by any...
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11-56-8
Section 11-56-8 Powers generally. The corporation shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To have succession by its corporate name until 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 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, whether by purchase, gift, lease, devise, or otherwise
property of every description which the board may deem necessary to the acquisition, construction,
improvement, enlargement, operation, or maintenance of a project and to hold title thereto;
(6) To construct, enlarge, equip, improve, maintain, and operate one or more projects; (7)
To borrow money for any of its corporate purposes and to sell and issue...
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11-50-396
purchase, construct, receive, own, operate, maintain, enlarge, extend, and improve any one
or more gas systems the operation of which is provided for in the certificate of incorporation
of the district (whether or not such system or systems were in existence or whether or not
such system or systems were privately owned or municipally owned prior to the acquisition
by such district). (5) To receive, acquire, take, and hold, whether by purchase, gift, or
lease, devise, or otherwise, real, personal, and mixed property of any nature whatsoever
that its board of directors may deem a necessary or convenient part of or useful in connection
with such system or systems. (6) To borrow money for any corporate purpose and to issue in
evidence of the borrowing interest-bearing bonds payable solely from the revenues derived
from the operation of any one or more of its systems. (7) To pledge to the payment of its
bonds any revenues from which the bonds are made payable and to mortgage, pledge, or...
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11-57-8
Section 11-57-8 Powers - Generally. The authority shall have the following powers and capacities,
among others specified in this chapter, 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 this chapter; (2) To sue others and to prosecute civil actions; (3) To be sued
by others in any form of litigation other than an action ex delicto and to defend any litigation
brought against it; (4) To have and use a corporate seal and to alter the same at pleasure;
(5) To adopt and alter bylaws for the regulation and conduct of its affairs and business;
(6) 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; (7) To construct, enlarge, improve, equip,...
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