11-50A-6
Section 11-50A-6 Board of directors; election committee; meetings; officers; compensation;
recordkeeping. (a) The board of directors of the authority shall be elected by the duly designated
representatives of the municipalities which are authorized and directed to designate a member
of the election committee as hereinafter provided in this section. Until the first
meeting of the board of directors following the meeting in 2015 of the election committee
hereinafter provided for, the board of directors shall consist of nine members; thereafter,
the board shall consist of the number of members equal to the number of municipalities contracting
with the authority for the purchase of electric power and energy pursuant to Section
11-50A-17, which are authorized and directed to designate a member of the election committee.
Members of the board of directors shall be eligible to succeed themselves. The business, affairs,
and property of the authority shall be managed by its board of directors....
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41-10-511
Section 41-10-511 Obligations, bonds and notes not debt of state. All obligations incurred
by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation
of the authority, payable solely from the sources which may under the provisions of this article
be pledged to the payment thereof. No obligation incurred by the authority and no bond or
note issued by it shall create an obligation or debt of the state. (Acts 1990, No. 90-603,
p. 1094, §22.)...
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14-2-24
Section 14-2-24 Obligations, bonds and notes not debt of state. All obligations incurred
by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation
of the authority, payable solely from the revenues and income which may under the provisions
of this chapter be pledged to the payment thereof. No obligation incurred by the authority
and no bond or note issued by it shall create an obligation or debt of the state. (Acts 1965,
No. 678, p. 1226, §18; Acts 1967, Ex. Sess., No. 103, p. 131.)...
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45-7-241
Section 45-7-241 Levy of tax; disposition of funds; construction with state sales tax
statutes. (a) The following words, terms, and phrases as used in this section shall
have the following respective meanings except where the context clearly indicates a different
meaning: (1) "Commissioner" means the Commissioner of Revenue of the State. (2)
"County" means Butler County in the State of Alabama. (3) "Fiscal Year"
means the period commencing on October 1 of each calendar year and ending on September 30
of the next succeeding calendar year. (4) "Month" means a calendar month. (5) "Quarterly
Period" means the period of three months ending on the last of each March, June, September,
and December. (6) "Registered Seller" means the person registered with the State
Department of Revenue pursuant to the state use tax statutes or licenses under the state sales
tax statutes. (7) "State" means the State of Alabama. (8) "State Department
of Revenue" means the Department of Revenue of the State. (9)...
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41-10-321
Section 41-10-321 Obligations, bonds and notes not debts of state. All obligations incurred
by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation
of the authority, payable solely from the sources which may under the provisions of this article
be pledged to the payment thereof. No obligation incurred by the authority and no bond or
note issued by it shall create an obligation or debt of the state or of the commission. (Acts
1986, No. 86-546, p. 1093, §22.)...
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39-7-24
Section 39-7-24 Liability on bonds and other obligations of authority. The bonds and
other obligations of an authority incorporated under this chapter shall not be a debt of the
State of Alabama nor a debt of the municipality and neither the state nor the municipality
shall be liable in any way whatsoever thereon nor may the holder of any such bonds or obligations
compel the levy of any taxes for its payment. Said bonds shall not be payable out of any funds
other than those of the authority issuing the same and each bond shall contain a recital to
that effect. Neither the members of the board of trustees nor any person executing said bonds
shall be liable personally on said bonds by reason of the issuance thereof. (Acts 1935, No.
40, p. 72; Code 1940, T. 50, §45.)...
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45-6-242
Section 45-6-242 Levy of taxes; exemptions; payment of taxes; reports by taxpayers;
applicability of state sales tax statutes; disposition of funds. (a) The following words,
terms, and phrases where used in this section shall have the following respective meanings
except where the context clearly indicates a different meaning: (1) "County" means
Bullock County in the State of Alabama. (2) "Commissioner" means the Commissioner
of Revenue of the state. (3) "State Department of Revenue" means the Department
of Revenue of the state. (4) "State" means the State of Alabama. (5) "State
sales tax statutes" means Division 1 of Article 1 of Chapter 23 of Title 40, as amended,
including all other statutes of the state which expressly set forth any exemptions from the
computation of the taxes levied in Division 1 and all other statutes which expressly apply
to, or purport to affect, the administration of Division 1 and the incidence and collection
of the taxes imposed therein. (6) "State sales...
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22-23A-1
Section 22-23A-1 Definitions. The following words and phrases, whenever used in this
chapter, shall have the following respective meanings unless the context clearly indicates
otherwise: (1) 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
Water System Assistance Authority." (2) AUTHORIZING RESOLUTION. A resolution or order
adopted by the board of directors of the authority authorizing the issuance of bonds by the
authority pursuant to this chapter. (3) BOARD OF DIRECTORS. The board of directors of the
Alabama Water System Assistance Authority. (4) BONDS. The "Water System Assistance Bonds,"
notes or obligations or other evidences of indebtedness issued by the authority under the
provisions of this chapter. (5) BOND PROCEEDS. The direct proceeds of sale of bonds or notes,
and the income derived from the investment of such proceeds. (6) COMMUNITY WATER SYSTEM. A...

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23-1-310
Section 23-1-310 Bonds and notes - Issuance and sale generally. Obligations of the authority
may be sold at either public or private sale in such manner and at such price or prices and
at such time or times as may be determined by the board of directors to be most advantageous;
provided, that none of the obligations may be sold for a price less than 97 percent of par
or face value. Approval by the Governor of Alabama of the terms and conditions under which
any of the obligations authorized by this article may be issued shall be requisite to their
validity, which approval, signed by the Governor, shall be entered on the minutes of the respective
meetings of the board of directors at which such obligations proposed to be issued are authorized.
Neither a public hearing or consent by the state Department of Finance nor any other department
or agency shall be a prerequisite to the issuance of any of the obligations. All obligations
issued by the authority shall be exempt from the laws of...
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33-1-41
Section 33-1-41 Obligations. Each and every existing obligation of the Alabama State
Docks Department, now known as the Alabama State Port Authority, whether bonded indebtedness,
contractual obligation, obligations under collective bargaining agreements, or otherwise,
shall remain in full force and effect to precisely the same extent as the obligation exists
on August 1, 2000. The Alabama State Docks Department, now known as the Alabama State Port
Authority, shall have precisely the same power under applicable law to issue and sell bonds
hereafter as it has on August 1, 2000. (Act 2000-598, p. 1199, §6.)...
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