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11-54-55
Section 11-54-55 Bonds - Security for payment of principal and interest. The principal of and
interest on any bonds issued under the authority of this article shall be secured by a pledge
of the revenues out of which such bonds shall be made payable, may be secured by a mortgage
covering all or any part of the project from which the revenues so pledged may be derived
and may be secured by a pledge of the lease of such project. 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 project
covered by such proceedings or mortgage, the terms to be incorporated in the lease of such
project, the maintenance and insurance of such project, the creation and maintenance of special
funds from the revenues from such project and the rights and...
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11-55-4
Section 11-55-4 Bonds - Security for payment of principal and interest. The principal of and
interest on any bonds issued under the authority of this chapter shall be secured by a pledge
of the revenues out of which such bonds shall be made payable, may be secured by a mortgage
covering all or any part of the project from which the revenues so pledged may be derived
and may be secured by a pledge of the lease of such project. 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 project
covered by such proceedings or mortgage, the terms to be incorporated in the lease of such
project, the maintenance and issuance of such project, the creation and maintenance of special
funds from the revenues from such project and the rights and...
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11-61A-13
Section 11-61A-13 Bonds. (a) The authority may issue and sell its interest-bearing revenue
bonds for any corporate purpose at any time or times. The principal of and the interest on
the bonds shall be payable solely from, and may be secured by a pledge of, the revenues derived
by the authority from the operation of any or all of its parking facilities and other property,
or by mortgage of any property of the authority. The bonds issued or contracts entered by
the authority shall not constitute or create an obligation, debt, or charge against the credit
or taxing power of the state, any county, or municipality within the state. (b) The board
may provide for each of the following regarding the bonds: (1) Issuance time or times. (2)
Form and denominations. (3) Tenor. (4) Payment installments, which shall be at a time or times
not exceeding 40 years from their date. (5) Place or places of payment, whether within or
without the state. (6) Interest rate or rates payable and evidenced in a...
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41-10-631
Section 41-10-631 Notice; contested actions. (a) Upon the adoption by the directors of any
resolution providing for the issuance of bonds, the authority may cause to be published once
a week for two consecutive weeks, in newspapers published or having a general circulation
in the Cities of Birmingham, Montgomery, Huntsville, and Mobile, a notice in substantially
the following form, the blanks being properly filled in, at the end of which shall be printed
the name and title of either the president or the secretary of the authority: "Alabama
21st Century Authority, a public corporation under the laws of the State of Alabama, on the
__ day of __, authorized the issuance of $____ principal amount of bonds for purposes authorized
in Division 1 of Article 17 of Chapter 10 of Title 41, Code of Alabama 1975. The proceeds
from the sale of the bonds are proposed to be issued to finance ___. Any action or proceeding
questioning the validity of the bonds, the security thereof, the use of the...
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45-39A-11.04
Section 45-39A-11.04 Civic Center Authority - Construction, maintenance, etc., of civic center;
powers. (a) The authority shall be authorized to construct, maintain, control, operate, and
manage a civic center in the City of Florence. The authority shall be authorized to construct,
maintain, control, operate, and manage all or any of the following to be situated in the civic
center: Buildings to provide offices to be used by the State of Alabama or by any agency,
subdivision, or public corporation thereof or by the county or by one or more municipalities
thereof for any municipal purpose otherwise authorized by law and buildings to house or accommodate
public facilities of the State of Alabama or of any agency, subdivision, or public corporation
thereof or of the county or of any one or more of the municipalities for any municipal purpose
otherwise authorized by law; streets, boulevards, walkways, parkways, and parks; monuments,
statues, and other structures beautifying the civic...
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11-31-3
Section 11-31-3 Board of directors - Officers; meetings; powers; funding. (a)(1) The board
of directors of the authority may do all of the following: a. Appoint a chair from among its
membership, subject to an annual rotation of the chair position between or among the representative
members of the board from each county comprising the radio/alert notification communications
district in the case of a multi-county district. b. Appoint a vice chair from among its membership,
provided that in the case of a multi-county district, the vice chair shall be a representative
of a county other than the one represented by the chair. c. Appoint other officers from among
its membership as it may deem necessary from among the membership of the board. (2) A majority
of the directors shall constitute a quorum for the purpose of conducting business. (b) The
authority shall have all of the following powers: (1) Employ such employees, experts, and
consultants as it deems necessary to assist the board in...
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11-49A-16
Section 11-49A-16 Exemption from additional proceedings, regulation, 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. 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 transit system, or the issuance of any bonds, mortgage and deed of trust,
or trust indenture. The authority, every transit system of the authority, any public transportation
service provided by the authority, and the rates and charges thereof shall be exempt from
all jurisdiction of, and all regulation and supervision by, the Public Service Commission.
Neither a public hearing nor the consent of the state Department of Finance shall be prerequisite
to the issuance of bonds by the...
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14-6A-2
Section 14-6A-2 Powers. The regional jail authority shall constitute a public body corporate
and politic, exercising public and essential governmental functions and having all the powers
necessary or convenient to carry out and effectuate the purposes and provisions of this chapter
and including, but not limited to, the following powers: (1) To sue and be sued in its own
name in civil actions, subject to the limitations provided in Chapter 93 of Title 11, and,
except as otherwise provided in this chapter, to defend civil actions against it. (2) To adopt
and make use of a corporate seal and to alter the seal at pleasure. (3) To have perpetual
succession. (4) To make and from time to time amend and repeal bylaws, rules, and regulations
to carry into effect the powers and purposes of the authority. (5) To make, enter into, and
execute contracts, agreements, leases, and other instruments and to take other actions as
may be necessary or convenient to accomplish any purpose for which the...
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14-6A-31
Section 14-6A-31 Powers. A regional jail authority shall constitute a public body corporate
and politic, exercising public and essential governmental functions and having all the powers
necessary or convenient to carry out and effectuate the purposes and provisions of this article
and including, but not limited to, the following powers: (1) To sue and be sued in its own
name in civil actions, subject to the limitations provided in Chapter 93 of Title 11, and,
except as otherwise provided in this article, to defend civil actions against it. (2) To adopt
and make use of a corporate seal and to alter the seal at pleasure. (3) To have perpetual
succession. (4) To make and, from time to time, amend and repeal bylaws, rules, and regulations
to carry into effect the powers and purposes of the authority. (5) To make, enter into, and
execute contracts, agreements, leases, and other instruments and to take other actions as
may be necessary or convenient to accomplish any purpose for which the...
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22-23B-2
Section 22-23B-2 Definitions. The following words and phrases, whenever used in this chapter,
shall have the following respective meanings unless the context clearly indicates otherwise:
AUTHORITY. The corporation organized pursuant to the provisions of this chapter as a public
corporation, agency and instrumentality of the state and known as the "Alabama Drinking
Water Finance Authority." AUTHORIZING RESOLUTION. A resolution, order or other proceedings
adopted by the board of directors of the authority authorizing the issuance of bonds, agreements
and related matters. BOARD OF DIRECTORS. The board of directors of the authority. BOND PROCEEDS.
The net proceeds of sale of bonds or notes, and the income derived from the investment of
such proceeds. BONDS. The bonds, notes or obligations or other evidences of indebtedness issued
by the authority under the provisions of this chapter. DEPARTMENT. The Alabama Department
of Environmental Management or any successor. FEDERAL ACT. The Act of...
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