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11-58-8
Section 11-58-8 Bonds - Security for payment of principal and interest; remedies upon default.
The principal of and interest on any bonds issued by a corporation organized under the authority
of this chapter shall be secured by a pledge of the rentals and other receipts of all or any
part of the medical clinic and its facilities financed in whole or in part with the proceeds
of such bond issue or with the proceeds of bonds refunded or to be refunded by such issue,
may be secured by a mortgage covering all or any part of the clinic from which the revenues
so pledged may be derived and may be secured by a pledge of the lease of such clinic. The
proceedings under which such bonds are authorized to be issued or any such mortgage may contain
any agreements and provisions customarily contained in instruments securing bonds, including,
without limiting the generality of the foregoing, provisions respecting the fixing and collection
of rents for any clinic or clinical facilities covered by...
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11-60-9
Section 11-60-9 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc.; refunding of bonds. All bonds issued by the corporation shall be payable solely out
of the revenues and receipts derived from the operation, leasing or sale by the corporation
of its projects or of any thereof as may be designated in the proceedings of the board of
directors under which the bonds shall be authorized to be issued. Such bonds may be executed
and delivered by the corporation at any time and from time to time, may be in such form and
denominations and of such tenor and maturities, may be in registered or bearer form either
as to principal or interest or both, may be payable at such time or times, not exceeding 40
years from the date thereof, may be payable at such place or places whether within or without
the State of Alabama, may bear interest at such rate or rates payable at such time or times
and at such place or places and evidenced in such manner, may be executed by...
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11-86A-15
Section 11-86A-15 Security for bonds. (a) In the discretion of the board of directors of an
authority, any bonds may be secured by an indenture between an authority and a trustee, which
may be a trust company or bank having trust powers, whether the trust company or bank is located
within or outside of the state. In any indenture or resolution providing for the issuance
of bonds, an authority may pledge, for payment of the principal of and the interest on such
bonds, any of its revenues to which its rights exist or may thereafter come into existence,
and may assign, as security for payment, any of its leases, franchises, permits, and contracts.
In any indenture, an authority may mortgage any properties, including any that may be thereafter
acquired by it, and may provide that in the event of a default in payment of the bonds secured
thereby or in the event of default with respect to any agreement contained therein, the mortgage
may be foreclosed either by sale at public outcry or by...
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11-94-15
Section 11-94-15 Liability of authorizing subdivisions upon bonds, obligations and agreements
of authority; other actions by authorizing subdivisions to attain objectives of chapter. (a)
Neither of the authorizing subdivisions of an authority shall in any event be liable for the
payment of the principal of, interest and premium, if any, on any bonds of an authority or
for the performance of any pledge, assignment, indenture, obligation or agreement of any kind
whatsoever which may be undertaken by an authority and none of the bonds of an authority or
any of its agreements or obligations shall be construed to constitute an indebtedness of any
authorizing subdivision within the meaning of any constitutional or statutory provision whatsoever.
(b) For the purpose of attaining the objectives of this chapter, either of the authorizing
subdivisions, any other county or municipality of the state, and any other political subdivision,
public corporation, agency or instrumentality of the state or...
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11-94-25
Section 11-94-25 Revenues to be used for paying bonds of authorities. Any provision of Chapter
94 of Title 11, to the contrary notwithstanding, any bonds issued by an authority in connection
with any project described in paragraph b. of Section 11-94-1(9) need not be payable solely
out of the revenues derived from the leasing, sale or operation of such project or any other
project or projects of such authority but shall be payable solely out of such revenues as
may be designated in the proceedings of the board of directors of such authority under which
such bonds shall be authorized to be issued. In addition, an authority may, in such proceedings
or in any indenture or resolution providing for the issuance of such bonds, assign and pledge
any such revenues as security for the payment of the principal of and interest and premium,
if any, on such bonds and the performance of any agreements made in connection therewith.
(Acts 1986, No. 86-562, p. 1143, ยง2.)...
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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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11-98-3
Section 11-98-3 The digits 911 established as primary emergency telephone number. It has been
shown to be in the public interest to shorten the time required for a citizen to request and
receive emergency aid. The provision of a single, primary three-digit emergency number through
which emergency services can be quickly and efficiently obtained will provide a significant
contribution to law enforcement and other public service efforts by simplifying the notification
of public service personnel. Such a simplified means of procuring emergency services will
result in the saving of life, a reduction in the destruction of property, quicker apprehension
of criminals, and ultimately the saving of moneys. Establishment of a uniform emergency number
is a matter of concern and interest to all citizens. It is the purpose of this chapter to
establish the number 911 as the primary emergency telephone number for use in communications
districts created in municipalities or counties as herein...
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14-2-8
Section 14-2-8 Powers - Generally. The authority shall have the following powers among others
specified in this chapter: (1) To have succession in its corporate name until the principal
of and interest on all bonds issued by it shall have been fully paid and until it shall have
been dissolved as provided in this chapter; (2) To maintain actions and have actions maintained
against it and to prosecute and defend in any court having jurisdiction of the subject matter
and of the parties thereof; (3) To have and to use a corporate seal and to alter such seal
at pleasure; (4) To establish a fiscal year; (5) To acquire and hold title to real and personal
property and to sell, convey, mortgage, or lease the same as provided in this chapter; (6)
To provide for the acquisition, construction, reconstruction, alteration, and improvement
of facilities and for the procurement of sites and equipment for such facilities and for the
lease thereof; (7) To lease facilities to the state, the department,...
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22-27-23
Section 22-27-23 Special pledges for payment of principal and interest on warrants. (a) The
county commission of the county issuing any such warrants may, in its discretion, assign and
specially pledge, for the payment of the principal of and interest on such warrants, so much
as may be necessary for said payment of any one or more of the following, or any part thereof:
(1) The proceeds from the general annual ad valorem tax of one half of one percent which the
county is authorized to levy without reference to the purpose thereof under the provisions
of Section 215 of the Constitution of Alabama of 1901; (2) The proceeds from any other tax,
including any ad valorem tax and any privilege, license or excise tax, that at the time of
the issuance of the said warrants may lawfully be used by the county for payment of such principal
and interest; and (3) The revenues derived by the county from any solid wastes collection
and disposal facilities owned, controlled, used or operated by the...
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41-10-149
Section 41-10-149 Construction of article generally; certain provisions exclusive. This article
is intended to aid the state in the execution of its duties by providing appropriate and independent
instrumentalities of the state with full and adequate powers to fulfill their functions. The
foregoing sections of this article shall be deemed to provide additional and alternative methods
for the doing of the things authorized thereby and shall be regarded as supplemental and additional
to and not in derogation of any powers conferred upon corporations created by municipalities
within this state or upon any other agencies of the state or the municipalities thereof which
are concerned with the restoration, renovation, preservation, improvement, protection or maintenance
of or interest in any public or private property that has been listed in the National Register
of Historic Places. Neither this article nor any provision contained in this article shall
be construed as a restriction or...
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