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16-17-2
Section 16-17-2 Legislative intent. It is the purpose of the Legislature by this chapter to
authorize the incorporation of educational building authorities as public corporations and
as political subdivisions of the state for the purpose of providing ancillary improvements
for use in connection with educational institutions in this state, and to invest each authority
organized hereunder with all power that may be necessary or appropriate to enable it to accomplish
such purpose, including but without limitation to the power to lease its properties and to
issue interest-bearing revenue bonds. This chapter shall be liberally construed in conformity
with the said intent. (Acts 1966, Ex. Sess., No. 222, p. 325, §2.)...
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16-18-2
Section 16-18-2 Legislative intent. It is the purpose of the Legislature by this chapter to
authorize the incorporation of educational building authorities as public corporations and
as political subdivisions of the state for the purpose of providing ancillary improvements
for use in connection with educational institutions in this state and to invest each authority
organized hereunder with all power that may be necessary or appropriate to enable it to accomplish
such purpose, including but without limitation to the power to lease its properties and to
issue interest-bearing revenue bonds. This chapter shall be liberally construed in conformity
with the said intent. (Acts 1966, Ex. Sess., No. 221, p. 308, §2.)...
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11-57-2
Section 11-57-2 Legislative intent; construction of chapter generally. (a) It is the intention
of the Legislature by the passage of this chapter to empower each incorporated municipality
in the state to authorize the incorporation of one or more public corporations as political
subdivisions of the state for the purpose of providing public library facilities for lease
to and use by the municipality, to invest each corporation organized under this chapter with
all powers that may be necessary to enable it to accomplish such purposes, including the power
to lease its properties and to issue interest-bearing revenue bonds and to grant to each such
municipality power to rent such public library facilities on a year to year basis. (b) This
chapter shall be liberally construed in conformity with the said intent. (Acts 1961, No. 895,
p. 1407, §1; Acts 1961, Ex. Sess., No. 289, p. 2335, §1.)...
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11-56-2
Section 11-56-2 Legislative intent; construction of chapter generally. (a) It is the intention
of the Legislature by the passage of this chapter to empower each incorporated city and town
in the state to authorize the incorporation of one or more corporations as political subdivisions
of the state for the purpose of providing buildings and facilities for lease to and use by
the municipality, the county, or any public corporation in the performance of their respective
public functions or for lease to and use by the United States, and to invest each corporation
organized under this chapter with all powers that may be necessary to enable it to accomplish
such purchase, including the power to lease its properties and to issue interest-bearing revenue
bonds. (b) This chapter shall be liberally construed in conformity with the said intent. (Acts
1955, No. 493, p. 1116, §2; Acts 1956, 1st Ex. Sess., No. 127, p. 182, §2.)...
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22-21-318
properties and assets to such persons, firms, partnerships, associations or corporations and
on such terms as the board deems to be appropriate, to charge and collect rent or other fees
or charges therefor and to terminate any such lease or other agreement upon the failure of
the lessee or other party thereto to comply with any of its obligations thereunder; (7) To
receive, acquire, take and hold (whether by purchase, gift, transfer, foreclosure, lease,
devise, option or otherwise) real and personal property of every description, or any
interest therein, and to manage, improve and dispose of the same by any form of legal conveyance
or transfer; provided however, that the authority shall not, without the prior approval of
the governing body of each authorizing subdivision, have the power to dispose of (i) substantially
all its assets, or (ii) any health care facilities the disposition of which would materially
and significantly reduce or impair the level of hospital or health care...
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11-92B-10
to hold, keep, improve, maintain, and impose restrictive covenants and land use controls, to
engage in environmental remediation and restoration efforts as required under applicable agreements
with the United States Department of Defense, to equip, furnish, develop, and to transfer,
convey, donate, sell, lease, grant options to, assign, encumber with easements and mortgages
and other security agreements, or otherwise convey or dispose of property of every kind and
character, real, personal, mixed, tangible, and intangible, and any interest therein,
to any person, with the authority receiving adequate consideration, as solely determined by
the authority upon the authority's consideration of tangible and intangible factors in determining
if adequate consideration is to be received by the authority. (5) To make, enter into, and
execute such contracts, agreements, cooperative agreements, leases, loan agreements, orders,
mortgages, deeds, and other legal arrangements and to take...
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37-6-3
pledge, or otherwise dispose of or encumber electric transmission and distribution lines or
systems, electric generating plants, electric refrigeration plants, water lines, sanitary
sewer lines, water systems, and sanitary sewer systems, television reception equipment through
the use of television program decryption equipment and subscriber owned, leased, or rented
satellite dishes, lands, buildings, structures, dams, plants, and equipment and any and all
kinds and classes of real or personal property whatsoever, which shall be deemed necessary,
convenient or appropriate to accomplish the purpose for which the cooperative was organized
or in which it subsequently lawfully engages. Electric generating plants, transmission, and
distribution lines or systems as referred to in this section shall include any arrangement
or agreement for the purchase, exchange, or transmission of electric power, capacity or energy,
whether sole or as joint owner of all or any part in common with one...
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11-59-2
Section 11-59-2 Legislative intent; construction of chapter generally. (a) It is the intention
of the Legislature by the passage of this chapter to authorize the incorporation in the several
cities and towns in this state of public corporations for the purpose of owning and operating
and contracting with others for the operation of such facilities as may be specified in the
certificate of incorporation of the corporation or any amendment thereto and to vest such
corporations with all powers that may be necessary to enable them to accomplish any such purpose,
including the power to issue their revenue bonds and to mortgage such properties and pledge
the revenues derived therefrom as security therefor. (b) This chapter shall be liberally construed
in conformity with the said intention. (Acts 1947, No. 231, p. 94, §2.)...
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41-10-82
Section 41-10-82 Purpose of article; construction of article generally. It is the intention
of the Legislature by the passage of this chapter to empower each county in the state to authorize
the incorporation of one or more public corporations as political subdivisions of the state
for the purpose of providing products markets, exhibition halls, coliseums and buildings and
related structures where products and goods may be displayed and exhibits, contests and sporting
events conducted in order to encourage the buying and selling of products and goods, to encourage
the expansion of existing industries in Alabama, to encourage the location of new industries
in Alabama and to encourage public interest in sports and amusements and thus to promote commerce
and goodwill in the State of Alabama and to invest each corporation organized hereunder with
such powers as may be necessary or desirable to enable it to accomplish such purposes. This
article shall be liberally construed in conformity...
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22-21-131
Section 22-21-131 Purpose and construction of article. It is the intention of the Legislature
by the passage of this article to empower each incorporated city and town in the state to
authorize the incorporation of one or more public corporations as political subdivisions of
the state for the purpose of providing public hospital facilities, to invest each corporation
organized under this article with all powers that may be necessary to enable it to accomplish
such purposes, including the power to lease or operate its properties and to issue interest-bearing
revenue bonds, and to grant to the municipality power to rent such public hospital facilities
on a year-to-year basis and to pledge tax revenues to secure the rent payable therefor. This
article shall be liberally construed in conformity with the said intent. (Acts 1961, No. 109,
p. 134, §1; Acts 1978, No. 409, p. 394, §2.)...
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