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11-92A-1
Section 11-92A-1 Definitions. When used in this chapter, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
ARTICLES. The articles of incorporation or articles of reincorporation of an authority. (2)
AUTHORITY. A public corporation incorporated and reincorporated pursuant to the provisions
of this chapter. (3) AUTHORIZED OPERATIONAL AREA. The county or counties in which the authority
has been or is proposed to be authorized to operate, as designated in its articles of incorporation
in accordance with the provisions of this chapter. If an authority does not designate an authorized
operational area, then such authority's authorized operational area shall be deemed for all
purposes to be solely the county of incorporation of the authority. (4) BOARD OF DIRECTORS.
The board of directors of an authority. (5) BOND OR BONDS. A bond or bonds issued under the
provisions of this chapter. (6) COUNTY OF INCORPORATION. The county...
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22-21-323
Section 22-21-323 Source of payment; security. (a) Securities issued by an authority
shall not be general obligations of the authority but shall be payable solely out of the revenues
from any health care facilities or other properties or assets (including, without limitation,
proceeds from such securities, investment income and insurance and condemnation proceeds)
owned or operated by it and the proceeds of any hospital tax appropriated, apportioned or
allocated to it or for its benefit, or any portion of either thereof, all as may be provided
or specified in the resolution of the board authorizing such securities or the indenture under
which issued. The principal of and interest (and premium, if any) on any securities issued
by the authority shall be secured by a pledge of the revenues or taxes (or both) out of which
the same are payable and may be secured by a trust indenture evidencing such pledge or by
a foreclosable mortgage, mortgage indenture or mortgage and trust indenture...
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24-1-66
Section 24-1-66 Powers and duties of authority generally. (a) An authority shall constitute
a public body and a body corporate and politic exercising public powers, and having all the
powers necessary or convenient to carry out and effectuate the purposes and provisions of
this article, including the following powers in addition to others granted in this article:
(1) To investigate into living, dwelling, and housing conditions and into the means and methods
of improving such conditions; (2) To determine where unsafe or unsanitary dwelling, public
school, or housing conditions exist; (3) To study and make recommendations concerning the
plan of the county in relation to the problem of clearing, replanning, and reconstruction
of areas in which unsafe or unsanitary dwelling, public school, or housing conditions exist,
and the provision of dwelling accommodations for persons of low income, and to cooperate with
the county or any regional planning agency; (4) To prepare, carry out, and...
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45-27A-31.01
Section 45-27A-31.01 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 the provisions of Section 45-27A-31.03. (2) AUTHORITY. The Brewton Development
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 45-27A-31.03,
that authorizes the incorporation 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 Brewton, Alabama. (7) DIRECTOR. A member of the board of
the authority. (8) GOVERNING BODY. With respect to the city, its city...
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45-47-250
Section 45-47-250 Definitions. When used in this article, the following words and phrases
shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) AUTHORITY. The Marion County Public Water Authority, a public corporation organized pursuant
to this article. (2) BOARD. The Board of Directors of the Marion County Public Water Authority.
(3) BONDS. Bonds, notes, and certificates representing an obligation to pay money. (4) CONCISE
LEGAL DESCRIPTION. A reasonably concise description of a particular geographic area which
may be by metes and bounds or by reference to government surveys, recorded maps and plats,
municipal, county, or state boundary lines, well-defined landmarks and other monuments, or
any combination of the foregoing. (5) COUNTY. Marion County. (6) DIRECTOR. A member of the
Board of Directors of the Marion County Public Water Authority. (7) FIRE PROTECTION SERVICE.
All services involved in protecting property and life from fires...
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11-61A-15
Section 11-61A-15 Issuance of bonds. (a) The authority may issue bonds under and secured
by an indenture between the authority and a trustee. The trustee may be a private person or
corporation, including, but not limited to, any trust company or bank having trust powers,
whether the bank or trust company is located within or without the state. (b) In any indenture
or resolution providing for the issuance of bonds, the authority may pledge, for payment of
the principal of and the interest on the bonds, any of its revenues to which its right then
exists or may subsequently come into existence and may assign, as security for the payment,
any of its leases, franchises, permits, and contracts. In any such indenture the authority
may mortgage any of its properties, including any properties subsequently acquired by it.
Any pledge of revenues shall be valid and binding from the time it is made, and the revenues
pledged and subsequently received by the authority, and any property of the...
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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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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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23-7-5
Section 23-7-5 Powers and functions. (a) In addition to the powers contained in other
provisions of this chapter, the bank has all power necessary, useful, or appropriate to fund,
operate, and administer the bank, and to perform its other functions including, but not limited
to, the following power to: (1) Have perpetual succession. (2) Adopt, promulgate, amend, and
repeal bylaws, not inconsistent with this chapter for the administration of the bank's affairs
and the implementation of its functions including the right of the board to select qualifying
projects and to provide loans and other financial assistance. (3) Sue and be sued in its own
name. (4) Have a seal and alter it at pleasure, although the failure to affix the seal does
not affect the validity of an instrument executed on behalf of the bank. (5) Make loans to
qualified borrowers to finance the eligible costs of qualified projects and to acquire, hold,
and sell loan obligations at prices and in a manner as the board...
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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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