45-49A-81.04
Section 45-49A-81.04 Investment of funds. All monies properly belonging to the fund shall be
kept in a separate account or accounts, and may, in the discretion of the persons charged
with the duties of administering the fund, be invested in any securities provided by law to
be a suitable investment for trust fund monies pursuant to the laws of this state including,
but not limited to, the following: (1) Bonds, notes, or other obligations of the United States,
or those guaranteed by the United States or for which the credit of the United States is pledged
for the payment of the principal and interest or the dividends thereof. (2) State bonds pledging
the full faith and credit of the state and revenue bonds additionally secured by the full
faith and credit of the state. (3) Bonds of the counties and municipalities of the state which
contain a pledge of full faith and credit of the county or municipality which issues the bonds.
(4) Savings accounts or certificates of deposit at any bank...
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45-41A-10.01
Section 45-41A-10.01 Definitions. The following words and phrases used in this part, and others
evidently intended as the equivalent thereof shall in the absence of clear implication herein
otherwise, be given the following respective interpretations herein: (1) APPLICANT. A natural
person who files a written application with the governing body of the city in accordance with
Section 45-41A-10.03. (2) AUTHORITY. The Auburn Downtown Redevelopment Authority, a public
corporation organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution adopted
by the governing body of the city in accordance with Section 45-41A-10.03, that authorizes
the incorporation of the authority. (4) BOARD. The board of directors of the authority. (5)
BONDS. Bonds, notes, and certificates representing an obligation to pay money. (6) CITY. The
City of Auburn, Alabama. (7) DIRECTOR. A member of the board of the authority. (8) DOWNTOWN
DEVELOPMENT AREA. The central business district of the city as...
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45-8-90
Section 45-8-90 Economic Development Council - Creation; composition; powers and duties. (a)(1)
For the purposes of promoting industry and trade and economic development and to assist Calhoun
County and the municipalities located therein in their pursuits therefor and to provide for
the exercise by the county and the municipalities of certain powers and authority proposed
to be granted to them by an amendment to the Constitution of Alabama, the act proposing such
amendment being adopted at the same session of the Legislature at which the act adding this
section was adopted, there is hereby created an economic development council for Calhoun County,
which council shall constitute a public corporation under the name Calhoun County Economic
Development Council. (2) This section shall be liberally construed in conformity with the
purposes. (b)(1) The powers and authorities of the Calhoun County Economic Development Council
shall be vested in and performed by a board of directors. (2) The...
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11-54A-2
Section 11-54A-2 Definitions. The following words and phrases used in this chapter, and others
evidently intended as the equivalent thereof, in the absence of clear implication herein otherwise,
shall be given the following respective interpretations herein: (1) APPLICANT. A natural person
who files a written application with the governing body of any city in accordance with Section
11-54A-4. (2) AUTHORITY. Any redevelopment authority organized pursuant to this chapter. (3)
AUTHORIZING RESOLUTION. A resolution adopted by the governing body of any city in accordance
with Section 11-54A-4, that authorizes the corporation of the authority. (4) BOARD. The board
of directors of the authority. (5) BONDS. Shall include bonds, notes, and certificates representing
an obligation to pay money. (6) CITY. Any incorporated city or town in the State of Alabama
with respect to which a redevelopment authority may be organized. (7) DIRECTOR. A member of
the board of the authority. (8) DEVELOPMENT AREA....
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11-94-1
Section 11-94-1 Definitions. Whenever used in this chapter, unless the context plainly indicates
otherwise, the present term shall include the future term, the singular shall include the
plural, the plural shall include the singular, the masculine shall include the feminine, and
the following words and phrases shall have the following meanings respectively ascribed to
them by this section: (1) AUTHORITY. A nonprofit public corporation organized pursuant to
the provisions of this chapter. (2) AUTHORIZING SUBDIVISION. Any county or municipality to
which application has been made for authority to incorporate an authority under this chapter.
(3) BOARD. The board of directors of an authority. (4) DIRECTOR. A member of the board of
directors of an authority. (5) COUNTY. Any county in this state that abuts on a navigable
river or through which a navigable river runs. (6) GOVERNING BODY. With respect to a county,
the county commission and, with respect to a municipality, the council,...
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22-21-182
Section 22-21-182 Borrowing by corporation generally; debts not obligations of state, counties
or municipalities; tax exemptions. (a) All securities of the corporation shall be signed in
the name and behalf of the corporation by its chairman and attested by its secretary, but
a facsimile of the signature of one, but not both, of such officers may be printed thereon
in lieu of the manual signature of such officer, and the seal of the corporation shall be
affixed thereto or a facsimile thereof printed thereon. Any interest coupons applicable to
any securities of the corporation shall be signed by its chairman, but a facsimile of such
chairman's signature may be printed on any such interest coupons in lieu of his manually signing
the same. Any securities of the corporation may be executed and delivered by it at any time
and from time to time, shall be in such form and denomination and of such tenor and maturity
or maturities not exceeding 40 years from their date, shall contain such...
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45-23A-91.01
Section 45-23A-91.01 Definitions. The following words and phrases used in this part, and others
evidently intended as the equivalent thereof, shall, in the absence of clear implication otherwise,
be given the following respective interpretations: (1) APPLICANT. A natural person who files
a written application with the governing body of the city in accordance with Section 45-23A-91.03.
(2) AUTHORITY. The Ozark Downtown Redevelopment Authority, a public corporation organized
pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing body
of the city in accordance with Section 45-23A-91.03, that authorizes the corporation of the
authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Includes bonds,
notes, and certificates representing an obligation to pay money. (6) CITY. The City of Ozark,
Alabama. (7) DIRECTOR. A member of the board of the authority. (8) DOWNTOWN DEVELOPMENT AREA.
The central business district of the city as described in...
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45-35A-52.01
Section 45-35A-52.01 Definitions. The following words and phrases used in this part, and others
evidently intended as the equivalent thereof, in the absence of clear implication herein otherwise,
shall be given the following respective interpretations herein: (1) APPLICANT. A natural person
who files a written application with the governing body of the city in accordance with Section
45-35A-52.03. (2) AUTHORITY. The Dothan Downtown Redevelopment Authority, a public corporation
organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing
body of the city in accordance with Section 45-35A-52.03, that authorizes the corporation
of the authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Includes
bonds, notes, and certificates representing an obligation to pay money. (6) CITY. The City
of Dothan, Alabama. (7) DIRECTOR. A member of the board of the authority. (8) DOWNTOWN DEVELOPMENT
AREA. The central business district of the city...
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45-41A-40.01
Section 45-41A-40.01 Definitions. The following words and phrases used in this part, and others
evidently intended as the equivalent thereof, in the absence of clear implication herein otherwise,
shall be given the following respective interpretations herein: (1) APPLICANT. A natural person
who files a written application with the governing body of the city in accordance with Section
45-41A-40.03. (2) AUTHORITY. The Opelika Downtown Redevelopment Authority, a public corporation
organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing
body of the city in accordance with Section 45-41A-40.03, that authorizes the corporation
of the authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Shall include
bonds, notes, and certificates representing an obligation to pay money. (6) CITY. The City
of Opelika, Alabama. (7) DIRECTOR. A member of the board of the authority. (8) DOWNTOWN DEVELOPMENT
AREA. The central business district of the...
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45-8A-111.01
Section 45-8A-111.01 Definitions. The following words and phrases used in this part, and others
evidently intended as the equivalent thereof, shall, in the absence of clear implication herein
otherwise, be given the following respective interpretations herein: (1) "Applicant"
means a natural person who files a written application with the governing body of the city
in accordance with the provisions of Section 45-8A-111.03. (2) "Authority" means
the Oxford Downtown Development Authority, a public corporation organized pursuant to this
part. (3) "Authorizing resolution" means a resolution adopted by the governing body
of the city in accordance with Section 45-8A-111.03, that authorizes the incorporation of
the authority. (4) "Board" means the board of directors of the authority. (5) "Bonds"
means and shall include bonds, notes, and certificates representing an obligation to pay money.
(6) "City" means the City of Oxford, Alabama. (7) "Director" means a member
of the board of the...
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