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11-97-27
Section 11-97-27 Liberal construction. This chapter shall be construed liberally to effect
its purposes and neither this chapter nor anything herein contained is or shall be construed
as a restriction or limitation upon any powers which any corporation might otherwise have
under any laws of the state, and the provisions of this chapter are cumulative to any such
powers. This chapter does and shall be construed to provide a complete, additional, and alternative
method for the doing of the things authorized thereby and shall be regarded as supplemental
and additional to other laws. However, the issuance of bonds of any corporation under the
provisions of this chapter need not comply with the requirements of any other law of the state
generally applicable to the issuance of bonds, notes, and other obligations by other public
corporations organized under the laws of the state. (Acts 1984, No. 84-314, p. 695, §27.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-27.htm - 1K - Match Info - Similar pages
11-50A-1
this chapter and any successor or successors thereto. (2) BOARD. The board of directors of
the authority. (3) BONDS. Any bonds issued by the authority under the provisions of this chapter,
including refunding bonds. (4) BOND ANTICIPATION NOTES. Short term obligations issued by the
authority in anticipation of the issuance of bonds. (5) COSTS. All costs of acquisition, construction,
reconstruction, improvement, equipment, alteration, repair, or extension of any project; all
costs of real and personal property required for the purposes of any project, including
any rights or undivided interest therein; all costs of easements, franchises, water rights,
fees, permits, approvals, licenses, and certificates, and all costs of securing any permits,
approvals, licenses, and certificates, and preparing applications therefor; all costs of machinery
and equipment, including equipment for use in connection with construction; all costs of the
initial fuel supply or additional fuel inventories...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-1.htm - 9K - Match Info - Similar pages
11-62-8
any authority may enter into contracts with the holders of any of its bonds or notes preventing
such authority from thereafter issuing general obligation bonds or notes or limiting the amount
of such bonds or notes that may thereafter be issued. To the extent permitted by any contracts
with the holders of outstanding bonds and notes and any other contractual obligations or requirements,
any authority may pledge any of its revenues or mortgage or assign any of its assets, whether
real or personal and whether tangible or intangible, to secure the payment of any of
its bonds or notes. (d) All obligations created or assumed by any authority and all bonds
or notes issued thereby shall be solely and exclusively an obligation of such authority and
shall not create an obligation or debt of the state, the determining municipality or any other
political subdivision of the state or public corporation or governmental agency existing under
the laws thereof; provided, that the provisions of this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-8.htm - 12K - Match Info - Similar pages
11-62-21
Section 11-62-21 Construction of chapter. This chapter shall be construed liberally to effect
its purposes and neither this chapter nor anything herein contained is or shall be construed
as a restriction or limitation upon any powers which any authority might otherwise have under
any laws of the state, and the provisions of this chapter are cumulative to any such powers.
This chapter does and shall be construed to provide a complete, additional, and alternative
method for the doing of the things authorized thereby and shall be regarded as supplemental
and additional to other laws. However, the issuance of bonds, notes, and other obligations
of any authority under the provisions of this chapter need not comply with the requirements
of any other law of the state generally applicable to the issuance of bonds, notes, and other
obligations by other public corporations organized under the laws of the state. (Acts 1979,
No. 79-332, p. 506, §17.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-21.htm - 1K - Match Info - Similar pages
11-89B-1
Section 11-89B-1 Public corporation given power to sell and issue bonds, to pledge for payment
proceeds, revenues, etc., and to issue bonds or notes for temporary borrowing. In addition
to all other powers now or hereafter granted by law, each public corporation organized under
the laws of the State of Alabama which is authorized by law (i) to operate a water system
consisting of land, plants, systems, facilities, buildings and other property, or any combination
of any thereof, which are used or useful or capable of future use in providing, furnishing,
supplying or distributing water and (ii) to borrow money for use for one or more of its corporate
purposes shall have the following powers, together with all powers incidental thereto or necessary
to the discharge thereof in corporate form: (1) To sell and issue bonds of such public corporation
in order to provide funds for any corporate function, use or purpose for which such public
corporation is otherwise authorized by law to borrow...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89B-1.htm - 3K - Match Info - Similar pages
9-6-17
Section 9-6-17 Provisions of chapter cumulative; provisions of chapter exclusive as to incorporation,
issuance of bonds, etc. This chapter 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 chapter 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 boards of water and sewer commissioners created by municipalities within
this state or upon any other agencies of the state or the municipalities thereof which are
concerned with the control, abatement or prevention of water, air or general environmental
pollution. Neither this chapter nor any provision contained in this chapter shall be construed
as a restriction or limitation upon any power, right or remedy...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-6-17.htm - 2K - Match Info - Similar pages
24-1A-5
to sell the equity of redemption, to purchase the equity of redemption and otherwise to sell
and dispose of the mortgaged property, all as shall seem in the best interests of the authority
and the holders of its bonds; (11) To sell and issue bonds in order to provide funds for any
corporate function, use or purpose; (12) To mortgage, pledge, assign or grant security interests
in any or all of its mortgage loans, mortgages and its interests created thereby in the underlying
real and personal properties covered by such mortgages as security for the payment
of the principal of, and interest on, any bonds issued by the authority, or as security for
any agreements made in connection therewith, whether then owned or thereafter acquired, and
to pledge the revenues from which said bonds are payable as security for the payment of the
principal of, and interest on, said bonds and any agreements made in connection therewith;
(13) To establish such reserves from the proceeds of any issue...
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37-5-3
nor to limit any such grant to a power or powers of the same class or classes as those enumerated.
The district is empowered to do all acts necessary, proper or convenient in the exercise of
the powers granted under this chapter. Any district created pursuant to this statute shall
have the power: (1) To sue and be sued. (2) To have a seal. (3) To acquire by purchase, gift,
devise, lease or exercise of the power of eminent domain or other mode of acquisition, hold
and dispose of real and personal property of every kind within or without the district,
subject to mortgages or any other liens. (4) To make and enter into contracts, conveyances,
mortgages, deeds of trust, bonds or leases. (5) To incur debts, to borrow money, to issue
negotiable bonds and to provide for the rights of holders thereof. (6) To fix, maintain and
collect rates and charges for any service. (7) To pledge all or any part of its revenues.
(8) To make such covenants in connection with the issuance of bonds or to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-5-3.htm - 2K - Match Info - Similar pages
16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16A-7.htm - 24K - Match Info - Similar pages
10A-20-12.01
1 for an amendment to a certificate of formation, a declaration in writing signed by them setting
forth: (1) When the corporation was organized, its name and what changes, if any, it is desired
to make in the name; (2) The purposes of the corporation as the same are set forth in the
original declaration of incorporation, and the alterations and the amendments thereof, if
any are desired; (3) If it is desired to increase its powers as to the holding of real estate
in area and value and of personal property in value, the declaration shall set forth
the limitations prescribed as to these matters in the original certificate of formation, and
any amendments heretofore made thereto, and shall also set forth the increase in area of real
property it is desired to acquire and hold, together with the purposes for which it is desired,
and the increase in value of personal property desired to be acquired and held, and
the purpose for which it is desired, and if the purposes as so declared are...
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