Code of Alabama

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45-25-250.07
Section 45-25-250.07 Rates, fees, and charges. Rates, fees, and charges for water, sewer, or
garbage service rendered by the authority from any of its systems 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 and obligations assumed by the authority that are payable out
of the revenues derived from operation of those systems and facilities together with revenues
from any tax sources and fees as the 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 mortgage and deed of trust or trust indenture executed by the authority under this article
or in any resolutions of the board authorizing the assumption of any...
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45-36-252.07
Section 45-36-252.07 Rates, fees, and charges. Rates, fees, and charges for water, sewer, or
garbage service rendered by the authority from any of its systems 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 and obligations assumed by the authority that are payable out
of the revenues derived from operation of those systems and facilities together with revenues
from any tax sources and fees as the 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 mortgage and deed of trust or trust indenture executed by the authority under this part
or in any resolutions of the board authorizing the assumption of any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.07.htm - 1K - Match Info - Similar pages

45-47-250.08
Section 45-47-250.08 Rates, fees, and charges. Rates, fees, and charges for water service and
fire protection service rendered by the authority from any of its water 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 and obligations assumed by
the authority that are payable out of the revenues derived from operation of those systems
and facilities together with revenues from any tax sources and fees as the 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 mortgage and deed of trust or trust indenture executed
by the authority under this article or in any resolutions of the...
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11-94-10
Section 11-94-10 Bonds of authority - From what source payable; form; denominations; terms;
redemption; sale; subsequent issues; negotiability. (a) All bonds and securities issued by
an authority shall be payable solely out of the revenues derived by the authority from the
leasing, sale or operation of any or all of its projects as may be designated in the proceedings
of its board under which the same shall be authorized to be issued. None of the bonds, securities
or notes of an authority shall ever constitute an obligation or debt of the state, of any
authorizing subdivision, or of any county or municipality of the state or a charge against
the credit or taxing powers of any of them. (b) Bonds of any authority may be executed and
delivered by the authority at any time and from time to time, may be in such form and denominations
and of such tenor and maturities, may be in registered or bearer form, either as to principal
or interest or both, may be payable at such time or times not...
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16-16B-8
Section 16-16B-8 (Implementation Conditioned on Separate Legislative Enactment.) Refunding
bonds. For the purpose of refunding any Bonds or Refunding Bonds of the Authority issued under
the provisions of this chapter, the 1965 Act, the 1971 Acts, the 1973 Act, the 1978 Act, the
1985 Act, the 1990 Act, the 1995 Act, the 1998 Act, the 1999 Act, the 2001 Act, the 2002 Act,
the 2003 Act, the 2007 Act or any other act previously enacted, or any combination thereof,
whether such refunding shall occur before, at or after the maturity of the Bonds refunded
and for the purpose of paying all premiums and expenses of such refunding (including, but
not limited to, attorneys' fees, costs of printing the Refunding Bonds, fiscal agents' fees,
and accountants' fees), the Authority is hereby authorized to sell and issue its Refunding
Bonds. Such Refunding Bonds may be sold and issued from time to time, at public sale, on sealed
bids and on such other terms and conditions as the Authority shall...
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45-29-140.08
Section 45-29-140.08 Rates, fees, and charges. Rates, fees, and charges for water service and
fire protection service rendered by the authority from any of its water 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 do all of the following: (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 and
obligations assumed by the authority that are payable out of the revenues derived from operation
of those systems and facilities together with revenues from any tax sources and fees as the
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 mortgage and deed of trust or
trust indenture executed by the authority under this article or in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-140.08.htm - 1K - Match Info - Similar pages

45-38-141.08
Section 45-38-141.08 Rates, fees, and charges. Rates, fees, and charges for water service and
fire protection service rendered by the authority from any of its water 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 do all of the following: (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 and
obligations assumed by the authority that are payable out of the revenues derived from operation
of those systems and facilities together with revenues from any tax sources and fees as the
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 mortgage and deed of trust or
trust indenture executed by the authority under this part or in any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-38-141.08.htm - 1K - Match Info - Similar pages

45-49A-10.05
Section 45-49A-10.05 Power to borrow money and issue revenue bonds. (a) The corporation shall
have the power to borrow money and to issue revenue bonds as evidence of any money borrowed,
which bonds shall be payable solely from the revenues derived from the activities and enterprises
in which the corporation is hereby authorized to engage. As security for any money so borrowed,
together with interest thereon, and any obligations incurred or assumed, the corporation in
its discretion may mortgage, pledge, or otherwise transfer and convey its real, personal,
and mixed property, or any part or parts thereof, whether then owned or thereafter acquired,
including any franchises then owned or thereafter acquired, and all or any part of the revenues
derived from the activities or enterprises in which the corporation is hereby authorized to
engage. (b) When the corporation deems it advisable, convenient, necessary, or expedient to
issue such bonds, it shall so resolve and all the provisions of...
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22-23B-7
Section 22-23B-7 Purpose; issuing, selling and refunding of bonds. For the purpose of providing
funds for the authority to make loans to public bodies for a project or projects, or for the
payment of obligations incurred or temporary loans made for any of said purposes, the authority
is hereby authorized, from time to time, to issue and sell its bonds or other evidences of
indebtedness. Such bonds may be issued in one or more series; shall be in such form and denominations
and of such terms and maturities, not exceeding 30 years from the date of issue of each series;
shall bear such rate or rates of interest, payable and evidenced in such manner; may contain
such provisions for registration or for redemption prior to maturity; and may contain such
other provisions not inconsistent herewith, all as may be provided by the authorizing resolution.
As security for the payment of the principal of and interest on its bonds, the authority is
authorized to pledge, transfer and assign any...
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11-49B-10
Section 11-49B-10 Contracts to secure bonds and assumed obligations. As security for payment
of the principal of and the interest on bonds issued or obligations assumed by it, the authority
may do the following: (1) Enter into a contract or contracts binding itself for the proper
application of the proceeds of bonds and other funds, for the continued operation and maintenance
of any transit system owned by it, or any part of the system. (2) Impose and collect reasonable
rates for any service furnished by the system. (3) Promulgate rules and regulations respecting
any service furnished by the system. (4) Provide for the disposition and application of its
gross revenues received by the system. (5) Do any act or series of acts not inconsistent with
this chapter for the protection of the bonds and other obligations being secured by the authority.
(6) Assure that the revenues derived from the system, when added to all other moneys of the
authority, will be sufficient to operate and maintain...
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91 through 100 of 1,837 similar documents, best matches first.
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