|
16-16B-12
Section 16-16B-12 (Implementation Conditioned on Separate Legislative Enactment.) Issuance
expenses; contracts and appointments. The Authority is authorized to pay out of proceeds of
any series of Bonds the costs and expenses incurred in connection with the issuance of such
Bonds, including without limitation legal and accounting fees and expenses, fees and expenses
of any financial or fiscal advisor employed by the Authority, printing costs, rating agency
fees, and premiums or charges for any credit enhancement or liquidity providers. Notwithstanding
any provision of this chapter or the 1965 Act, in appointing, employing, or contracting with
attorneys, fiscal advisers, trustees, paying agents, investment bankers, banks and underwriters,
the Authority may appoint, employ or contract with firms whose principal offices are located
without or within Alabama. The Authority shall hire or contract with attorneys, fiscal advisors,
trustees, paying agents, investment bankers, banks, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16B-12.htm - 1K - 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
41-10-44.3
Section 41-10-44.3 Additional powers of authority. In addition to the powers granted to it
in Section 41-10-26 and in Sections 41-10-37 through 41-10-43, the authority shall have the
following powers: (1) To adopt and alter bylaws for the regulation and conduct of its affairs
and business; (2) To borrow money and to issue project obligations, whether or not the interest
thereon is excluded from gross income for federal income tax purposes, for the purpose of
financing project costs, and to provide for the rights of the purchasers, holders or owners
of its project obligations; (3) To execute and deliver mortgages, security agreements and
trust indentures and other forms of agreements for the purpose of securing its project obligations,
and in connection therewith, to mortgage, pledge or assign the revenues, receipts and other
property of the authority received, and the financing agreements entered into by the authority
in connection with, the financing of projects under this Article 2A;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.3.htm - 5K - Match Info - Similar pages
41-10-546
office of the authority, and provided further that the officers, directors, agents, and employees
of the authority may not be sued for actions in behalf of the authority in any nisi prius
court other than the courts of the county in which is located the principal office of the
authority. (3) To have and to use a corporate seal and to alter the seal at pleasure. (4)
To establish a fiscal year. (5) To acquire, purchase, lease, receive, hold, transmit, and
convey the title to real and personal property to or from any person. (6) To issue
and incur authority obligations, whether or not the interest thereon (or, in the case of authority
guaranties, on the authority-guaranteed obligations to which such authority guaranties relate)
is excluded from gross income for federal income tax purposes, for the purpose of financing
project costs and providing for the payment of training facility management fees and to provide
for the rights of the purchasers, holders, or owners of authority...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-546.htm - 4K - Match Info - Similar pages
41-10-625
trustees, paying agents, investment bankers, and underwriters as the directors deem necessary
or desirable for the conduct of the business of the authority. (15) To make, enter into, and
execute financing agreements and other contracts, agreements, or other instruments, and to
take other actions as may be necessary or convenient to accomplish any purpose for which the
authority was organized or to exercise any power granted to it. (16) To sell, exchange, and
convey any or all real or personal property belonging to the authority whenever its
directors shall find any such action to be in furtherance of the purposes for which the authority
was organized. (17) To acquire, hold, and dispose of real and personal property. (18)
To exercise any power granted by the laws of the state to public or private corporations which
is not in conflict with the public purpose of this division. (19) To adopt and promulgate
administrative regulations necessary or appropriate to effectuate its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-625.htm - 4K - Match Info - Similar pages
41-10-754
trustees, paying agents, investment bankers, and underwriters as the directors deem necessary
or desirable for the conduct of the business of the authority. (16) To make, enter into, and
execute financing agreements and other contracts, agreements, or other instruments, and to
take other actions as may be necessary or convenient to accomplish any purpose for which the
authority was organized or to exercise any power granted to it. (17) To sell, exchange, and
convey any or all real or personal property belonging to the authority whenever its
directors shall find any such action to be in furtherance of the purposes for which the authority
was organized. (18) To acquire, hold, and dispose of real and personal property. (19)
To sell, assign, or otherwise convey to another person or entity, for such consideration as
the directors of the authority shall determine, the authority's right to receive and collect
the appropriated revenues or any portion thereof that have not been...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-754.htm - 5K - Match Info - Similar pages
16-16-16
Section 16-16-16 Racial and ethnic diversity. (a) The authority shall hire or contract with
businesses or individuals which reflect the racial and ethnic diversity of the state. (b)
The authority shall hire or contract with attorneys, fiscal advisors, trustees, paying agents,
investment bankers, banks, and underwriters which reflect the racial and ethnic diversity
of the state. (Act 2007-415, p. 846, §13; Act 2009-813, p. 2530, §4.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16-16.htm - 758 bytes - Match Info - Similar pages
2-6-75
Section 2-6-75 Powers of corporation - Generally. The corporation shall have the following
powers, together with all powers incidental thereto or necessary or convenient to the discharge
thereof in corporate form: (1) To have succession by its corporate name until dissolved as
provided in this article; (2) To sue and be sued 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 make and alter all
needful bylaws, rules and regulations for the transaction of the corporation's business and
the control of its property and affairs; (5) To borrow money and, in evidence of such borrowing,
to sell and issue its securities (whether or not bearing periodic interest) as herein provided
for any corporate use or purpose; (6) To pledge for the payment of the principal of, premium,
if any, and interest on such securities, any funds or revenues from...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-75.htm - 2K - Match Info - Similar pages
11-92A-12
of revenues or grants of money from public persons and to enter into binding agreements with
those entities, with or without consideration; (13) To enter into deeds, mortgages, leases,
loan agreements, or other agreements with any person; (14) To require and/or accept lease
payments, loan repayments, or other compensation to or for the authority or other public persons
in lieu of sales, use, mortgage, lease, ad valorem, and/or other taxes; (15) To accept donations
of money or real or personal or mixed property from any person; (16) To invest in bank
deposits, U.S. Treasury bills, projects, instruments, real, personal, or mixed property,
and such other investments as the board of directors may from time to time determine to be
appropriate and convenient to accomplish any purpose for which an authority is organized,
including works of internal improvement, interests in private or corporate enterprises, loans
of money or credit to individuals, associations, or corporations, or the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92A-12.htm - 6K - Match Info - Similar pages
11-86A-12
and recreation purposes to other public persons and to any organization which is described
in Section 501(c)(3) of the Internal Revenue Code of 1986, as in effect from time to time,
or as recodified, or any corresponding provision of any future revenue law. (9) To accept
gifts, grants, bequests, or devises. (10) To accept grants of money from public persons and
to enter into binding agreements with those entities, with or without consideration. (11)
To accept donations of money or real or personal or mixed property. (12) To invest
in bank deposits, U.S. Treasury obligations, instruments, real, personal, or mixed
property, and other investments as the board of directors may determine to be appropriate
and convenient to accomplish any purpose for which an authority is organized, including works
of internal improvement. (13) To appoint, contract with, and employ officers, employees, and
agents including, but not limited to, engineers, accountants, attorneys, architects, construction...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-86A-12.htm - 5K - Match Info - Similar pages
|