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11-54A-9
Section 11-54A-9 Powers of authority; all projects to be in development area. (a) The
authority shall have the following powers, together with all powers incidental thereto or
necessary to the discharge thereof in corporate form: (1) To have succession by its corporate
name for the duration of time, which may be perpetuity, subject to Section 11-54A-20,
specified in its certificate of incorporation. (2) To sue and be sued in its own name and
to prosecute and defend civil actions in any court having jurisdiction of the subject matter
and of the parties. (3) To adopt and make use of 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, construction, exchange, gift, lease, or otherwise
and to refinance existing indebtedness on, improve, maintain, equip, and furnish one or more
projects, including all real and personal properties which the board of the authority may...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus
Lines Insurance Multi-State Compliance Compact Act is enacted into law and entered into with
all jurisdictions mutually adopting the compact in the form substantially as follows: PREAMBLE
WHEREAS, with regard to Non-Admitted Insurance policies with risk exposures located in multiple
states, the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted
and Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
11-50-273
Section 11-50-273 Construction of division; exemption from jurisdiction and regulation
of state Public Service Commission. (a) Except as otherwise provided in this division, neither
this division nor anything contained in this division shall be construed as a restriction
or limitation upon any power, right, or remedy which any waterworks board now in existence
or hereafter formed may have in the absence thereof, but shall be construed as cumulative
and independent of any such power, right, or remedy. No proceedings, notice, or approval shall
be required for the acquisition of any property or the making of any loans or issuance or
instruments in evidence thereof or as security therefor, except as prescribed in this division,
any other law to the contrary notwithstanding. (b) Any waterworks board organized under the
provisions of this division shall be exempt from all jurisdiction of any regulation by the
Alabama Public Service Commission. (Acts 1947, No. 154, p. 48, §5.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-273.htm - 1K - Match Info - Similar pages
16-17-15
Section 16-17-15 Freedom of authority from state supervision and control. 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. Except
as in this chapter expressly otherwise provided, no proceeding, notice or approval shall be
required for the incorporation of any authority or the amendment of its certificate of incorporation,
the acquisition of any property or ancillary improvements or the issuance of any bonds, mortgage
and deed of trust or trust indenture. Neither a public hearing nor the consent of the State
Department of Finance shall be prerequisite to the issuance of bonds by the authority. (Acts
1966, Ex. Sess., No. 222, p. 325, §15.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17-15.htm - 1K - Match Info - Similar pages
16-18-17
Section 16-18-17 Freedom of authority from state supervision and control. 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. Except
as in this chapter expressly otherwise provided, no proceeding, notice or approval shall be
required for the incorporation of any authority or the amendment of its certificate of incorporation,
the acquisition of any property or ancillary improvements or the issuance of any bonds, mortgage
and deed of trust, or trust indenture. Neither a public hearing nor the consent of the State
Department of Finance shall be prerequisite to the issuance of bonds by the authority. (Acts
1966, Ex. Sess., No. 221, p. 308, §17.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18-17.htm - 1K - Match Info - Similar pages
45-29-140.16
Section 45-29-140.16 Notice requirements, etc.; regulatory control and supervision.
(a) Except as expressly otherwise provided in this article, no proceeding, notice, or approval
shall be required for the incorporation of the authority or the amendment of its certificate
of incorporation, the acquisition of any property, water system, or fire protection facility
or the issuance of any mortgage and deed of trust or trust indenture. (b) The authority, every
water system or fire protection facility owned by the authority or leased or subleased to
a county, and the rates and charges thereof shall be exempt from all jurisdiction of and all
regulation and supervision by the Alabama Public Service Commission and neither a public hearing
nor the consent of the Department of Finance shall be prerequisite to any transaction between
or with the authority and the county or between the authority or the county and any vendor,
vendee, lessor, or lessee to or from the authority. (Act 89-188, p. 169,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-140.16.htm - 1K - 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
11-86A-16
Section 11-86A-16 Application of proceeds from the sale of bonds; source of payment;
pledge of county's or municipality's credit; negotiability; exemption from taxation; pledge
as security for funds belonging to a public person; investment in bonds by fiduciaries; no
public hearing required; investment in bonds by Teachers' Retirement System of Alabama, the
Employees' Retirement System of Alabama, and the State Insurance Fund; investment in bonds
by public persons. (a) The proceeds from the sale of any bonds shall be applied as provided
in the proceedings in which the bonds are authorized to be issued, including, without limitation,
the payment of all legal, fiscal, and recording fees and expenses incurred in connection with
the authorization, sale, and issuance of the bonds and, if provided in the proceedings authorizing
their issuance, interest on the bonds (or if only a part of any issue of bonds is issued for
acquisition purposes, interest on that portion of the bonds of that issue...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-86A-16.htm - 3K - Match Info - Similar pages
11-99B-11
Section 11-99B-11 Establishment and revision of rentals, licenses, rates, fees, and
charges for services or facilities rendered by district. Rates, fees, charges, rentals, and
licenses for services rendered by the district or facilities provided by the district from
any of its projects shall be so fixed and, from time to time, revised as at all times to provide
funds at least sufficient, taking into account other sources for the payment thereof, to:
(1) Pay the cost of operating, maintaining, repairing, replacing, extending, and improving
the project or projects of the district. (2) Pay the principal of and the interest on all
bonds issued and obligations assumed by the district that are payable out of the revenues
derived from operation of the project or projects of the district as the said principal and
interest become due and payable. (3) Create and maintain such reserves for the foregoing purposes
or any of them as may be provided in any trust indenture executed by the district...
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11-89-12
Section 11-89-12 Establishment and revision of rates, fees, and charges for services
rendered by district. Rates, fees, and charges for water service, sewer service, and fire
protection service rendered by the district from any of its water systems, sewer systems or
fire protection facilities shall be so fixed and from time to time revised as at all times
to provide funds at least sufficient to: (1) Pay the cost of operating, maintaining, repairing,
replacing, extending, and improving the systems and facilities or either from which such services
are rendered; (2) Pay the principal of and the interest on all bonds issued and obligations
assumed by the district that are payable out of the revenues derived from operation of those
systems and facilities as the said principal and interest become due and payable; (3) Create
and maintain such reserve for the foregoing purposes or any of them as may be provided in
any mortgage and deed of trust or trust indenture executed by the district under...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-12.htm - 1K - Match Info - Similar pages
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