27-41-9
Section 27-41-9 Particular investments - Bonds, etc., of states or counties, municipalities, school districts, etc., therein generally. An insurer may invest in bonds or other evidences of indebtedness which are general obligations of or are adequately secured as to both principal and interest by irrevocable pledge of specific revenues by this state or any other state of the United States or any county, incorporated city or town, or duly organized school district or other civil division, governmental unit, or public instrumentality of any such state. Obligations payable solely out of special assessments on properties benefited by local improvements shall not be eligible under this section. (Acts 1977, No. 408, p. 530, ยง9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-41-9.htm - 1K - Match Info - Similar pages
45-14-91.01
Section 45-14-91.01 Clay County Industrial Development Council - Powers and duties; headquarters; bylaws; retirement system. (a) The council may select a formal name for the council. The council shall have the authority to negotiate for the county on all industrial and economic development matters. The council shall formulate and implement plans to promote and foster the industrial development and economic growth of all areas of Clay County and any incorporated municipalities located within the county. The council shall be entitled to all of the powers, rights, privileges, exemptions, immunities, and authority provided by the general laws of Alabama to local industrial development authorities, including, but not limited to, abatement of taxes, issuance of bonds, acquisition, enlargement, improvement, replacement, ownership, leasing, selling, or disposing of properties to the end that the council may be able to promote the creation of jobs and develop commerce and trade within the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-14-91.01.htm - 2K - Match Info - Similar pages
11-98-2
Section 11-98-2 Districts; creation; composition; powers and duties. The creating authority may by ordinance or resolution, as may be appropriate, create within its respective jurisdiction districts composed of the territory lying wholly within the municipality or of any part or all of the territory lying wholly within the county. The districts shall be political and legal subdivisions of the state, with power to sue and be sued in their corporate names and to incur debt and issue bonds. The bonds shall be negotiable instruments and shall be solely the obligations of the district and not the State of Alabama. The bonds and the income thereof shall be exempt from all taxation in the State of Alabama. The bonds shall be payable out of the income, revenues, and receipts of the district. The bonds shall be authorized and issued by resolution or ordinance of the creating authority of the district and shall be of such series, bear such date or dates, mature at such time or times, not to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-98-2.htm - 2K - Match Info - Similar pages
16-47-95
Section 16-47-95 Acquisition of property for school of medicine; issuance of bonds. The Board of Trustees of the University of Alabama shall have full power and authority to acquire by purchase, lease or gift from any city, county or other public or private body, and to maintain, utilize and operate any personal or real property, whether in the form of hospitals, clinics or otherwise, deemed to be appropriate and necessary to the maintenance and operation of its school of medicine, and any such city, county or other public or private body shall have full power and authority to convey and transfer the said personal and real property accordingly on such terms as its governing body shall determine. The said board is further given the specific full power and authority to assume any and all legal obligations lying against the vendor, lessor or donor by virtue of ownership of property so acquired, and to assume any and all legal obligations lying against the property so acquired or against...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-47-95.htm - 2K - Match Info - Similar pages
36-18-34
Section 36-18-34 Powers of director. (a) For the purposes of performing any of the functions, duties, or responsibilities of the Alabama Department of Forensic Sciences or for the purposes of implementing any provision of this article or to defray the costs thereof, the director may receive, accept, expend, or utilize any and all money or property of whatever nature, kind or description which may now or hereafter be available for such purposes. (b) For the purposes of implementing any of the provisions of this article, or to defray the costs thereof, the director may award loans or grants of money, equipment or personnel to public or private non-profit corporations, associations, agencies of the State of Alabama or any political subdivision thereof, or to state, county, or municipal law enforcement or prosecutorial or judicial agencies upon such terms and conditions as the director may deem necessary. (c) The director may enter into agreements with the United States of America, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-18-34.htm - 2K - Match Info - Similar pages
4-1-1
Section 4-1-1 Authority of counties and municipalities to issue bonds for acquisition, improvement, etc., of airports and facilities therefor. In addition to all other objects and purposes for which bonds may be issued by counties and municipalities under the laws of this state, counties and municipalities in this state shall have full and continuing power and authority, within the limits and subject to the provisions of the constitution now in effect or hereinafter provided, to issue and sell bonds, which shall be general obligations of the county or municipality issuing the same, for the following purposes or any thereof: Acquiring then existing air fields and airports; acquiring real estate for the construction of air fields or airports or for constructing enlargements thereof and extensions thereto; constructing and acquiring buildings, runways and other improvements and facilities and equipment for air fields and airports on any lands now or hereafter acquired or in order to make...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-1-1.htm - 1K - Match Info - Similar pages
45-37-73.01
Section 45-37-73.01 Regulation of credit card payments. (a) This section shall apply to any subject county of the State of Alabama having a population of 500,000 or more according to the last or any subsequent federal census, and to no other county. (b)(1) Notwithstanding any other provision of law to the contrary, any officer or unit of the county government required or authorized to receive or collect any payments to state or county government may, but is not required to, accept a credit card payment of the amount. (2) This section shall be broadly construed to authorize acceptance of credit card payments by: a. All departments, agencies, boards, bureaus, commissions, authorities and other units of county government. b. All officers, officials, employees, and agents of the county units of county government. (3) This section shall be broadly construed to authorize acceptance of credit card payments of all types of amounts payable, including, but not limited to, taxes, license and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-73.01.htm - 4K - Match Info - Similar pages
45-49A-10.07
Section 45-49A-10.07 Lease, sale, donation, or transfer of property to the corporation. Mobile County or the City of Bayou La Batre, or any city within the county, is authorized, but not required, to lease, sell, donate, or otherwise convey to the corporation, real or personal property, including park properties, without the necessity of authorization by election of the qualified voters of the county, the city, and the governing body of the county or any other city within the county, is hereby authorized to enter into any agreements which such corporation may deem necessary in order to effectuate such lease, sale, donation, or transfer. The governing body of Mobile County, the City of Bayou La Batre, or any other city within the county, is further authorized to covenant with the corporation, which covenant shall likewise constitute a contract with the holders of any revenue bonds, notes, or other obligations thereafter issued by the corporation, that it will not acquire, construct, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-10.07.htm - 1K - Match Info - Similar pages
6-5-340
Section 6-5-340 Computer failure or malfunction. (a) Whenever used in this section, the following words and terms shall have the following meanings: (1) GOVERNMENTAL CORPORATION AND AUTHORITY. Any public or private corporation, board, or authority established pursuant to a general or local law by state, county, or municipal government for the purpose of carrying out a specific governmental function. (2) GOVERNMENTAL ENTITY. The state, any municipality, or any county in the state; any department, agency, board, or commission of a municipality, a county, or the state; any legislative or regulatory body of the state, or of any municipality or county; any state, municipal, or county governmental corporation or authority; any state university or community college, including any publicly funded trade or technical school; the State Board of Education, and all county, municipal, and city-county public school boards; any state, county, or municipal hospital boards when such boards are...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-5-340.htm - 5K - Match Info - Similar pages
11-62-2
Section 11-62-2 Legislative findings and declarations. It is hereby found and declared as follows: There exists in the State of Alabama a serious shortage of adequate facilities for the housing, care, and treatment of persons requiring special care, including orphans and persons who are elderly, sick, physically disabled, or handicapped or mentally ill or retarded, as well as a shortage of investment funds needed to finance such facilities; in order to alleviate the shortage of such facilities, to encourage the continued operation of such facilities as now exist and to enable certain not-for-profit organizations to finance such facilities it is necessary and desirable to authorize the creation by municipalities in the state of authorities which will have the power to increase the supply of investment funds available for such facilities by selling and issuing bonds and notes and using the proceeds of such bonds and notes to (1) acquire facilities for lease or sale to such not-for-profit...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-2.htm - 1K - Match Info - Similar pages
|