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16-8-40
Section 16-8-40 Acquisition of property; right to sue and contract; execution of process.
(a) The county board of education shall have the right to acquire, purchase by the institution
of condemnation proceedings if necessary, lease, receive, hold, transmit and convey the title
to real and personal property for school purposes. (b) It may sue and contract. All contracts
shall be made after resolutions have been adopted by the board and spread upon its minutes.
(c) All processes shall be executed by service on the executive officer of the board. (School
Code 1927, §132; Acts 1933, Ex. Sess., No. 87, p. 81; Code 1940, T. 52, §99.)...
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16-11-13
Section 16-11-13 Acquisition, maintenance, etc., of property - Condemnation. When lands
or any interest therein shall be deemed necessary by the board of education for the site of
a schoolhouse, for enlarging a schoolhouse lot or for playgrounds or other public school purposes,
and the board of education for any reason shall be unable to contract with the owner or owners
for the title thereof, the said board of education may institute condemnation proceedings
to acquire such lands or the interest therein. Said condemnation proceedings shall be in all
respects conducted and regulated as provided by Chapter 1 of Title 18. (School Code 1927,
§208; Acts 1931, No. 130, p. 192, § 1; Code 1940, T. 52, §168.)...
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45-49-100.40
Section 45-49-100.40 Powers of board. The board of school commissioners shall be entitled
to receive, levy, assess, and collect all devises, revenues, and taxes to which they were
by law entitled at the date of the organization of the Board of Education of the State of
Alabama, and they shall have full power to continue in force, revise, modify, and improve,
as to them may see fit, the public school system now existing in the County of Mobile, and
to make such bylaws, rules, and regulations, not inconsistent with the laws of the state and
of the United States, for the government of the board and of the schools, as they may deem
expedient or necessary. They shall hold regular meetings of the board at such times as they
may fix upon and adjourned or special meetings when necessary. Three members of the board
shall constitute a quorum for the transaction of business, but no business involving a change
in the system, rules, and regulations or affecting the general interest of the county...
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11-101A-14
Section 11-101A-14 Securities payable out of revenues from projects, properties, etc.,
indenture may contain agreements; liens. (a) Securities issued by an authority shall not be
general obligations of the authority but shall be payable solely out of the revenues from
any project or other properties or assets, including, without limitation, proceeds from the
securities, investment income and insurance, and condemnation proceeds, owned by it, all as
may be provided or specified in the resolution of the board authorizing the securities or
the indenture under which issued. The principal of and interest, and premium, if any, on any
securities issued by the authority shall be secured by a pledge of the revenues out of which
the same are payable and may be secured by an indenture conveying as security for the securities
all or any part of its property, which indenture may be subject to foreclosure. (b) Any indenture
executed on behalf of the authority and any resolution of the board...
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22-21-323
Section 22-21-323 Source of payment; security. (a) Securities issued by an authority
shall not be general obligations of the authority but shall be payable solely out of the revenues
from any health care facilities or other properties or assets (including, without limitation,
proceeds from such securities, investment income and insurance and condemnation proceeds)
owned or operated by it and the proceeds of any hospital tax appropriated, apportioned or
allocated to it or for its benefit, or any portion of either thereof, all as may be provided
or specified in the resolution of the board authorizing such securities or the indenture under
which issued. The principal of and interest (and premium, if any) on any securities issued
by the authority shall be secured by a pledge of the revenues or taxes (or both) out of which
the same are payable and may be secured by a trust indenture evidencing such pledge or by
a foreclosable mortgage, mortgage indenture or mortgage and trust indenture...
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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the
agency shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in
its corporate name. b. May sue and be sued in its corporate name. c. May adopt, use and alter
a corporate seal, which shall be judicially noticed. d. May enter into such contracts and
cooperative agreements with the federal, state and local governments, with agencies of such
governments, with private individuals, corporations, associations, trusts and other organizations
as the board may deem necessary or convenient to enable it to carry out the purposes of this
chapter, including the planned, orderly residential development of the area. e. May adopt,
amend and repeal bylaws. f. May appoint such managers, officers, employees, attorneys and
agents as the board deems necessary for the transaction of its business, fix their compensation,
define their duties, require bonds of such of them as the board may...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state,
shall execute a compact, in substantially the following form, with the State of Mississippi,
and the Legislature approves and ratifies the compact in the form substantially as follows:
Northeast Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states
solemnly agree: Article I. The purpose of this compact is to promote and develop trade, commerce,
industry, and employment opportunities for the public good and welfare in northeast Mississippi
and northwest Alabama through the establishment of a joint interstate authority to acquire
certain railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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11-97-10
Section 11-97-10 Security for payment of bonds; contracts and agreements to secure.
(a) Bonds issued by any corporation may, as its board may deem advisable, be either general
obligations of such corporation or limited obligations payable only out of certain specified
revenues or assets of such corporation; provided, that any corporation may enter into contracts
with the holders of any of its bonds preventing such corporation from thereafter issuing general
obligation bonds or limiting the amount of such bonds that may thereafter be issued. To the
extent permitted by any contracts with the holders of outstanding bonds and any other contractual
obligations or requirements, any corporation may pledge any of its revenues or mortgage or
assign any of its assets, whether real or personal and whether tangible or intangible, to
secure the payment of any of its bonds. (b) As security for payment of the principal of and
the interest and premium, if any, on any bonds issued or assumed by it, any...
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24-1-27
Section 24-1-27 Powers and duties of authority. (a) An authority shall constitute a
public body and a body corporate and politic exercising public powers, and having all the
powers necessary or convenient to carry out and effectuate the purposes and provisions of
this article, including the following powers in addition to others granted in this article:
(1) To investigate into living, dwelling and housing conditions and into the means and methods
of improving such conditions. (2) To determine where unsafe or unsanitary dwelling, public
school or housing conditions exist. (3) To study and make recommendations concerning the plan
of any city located within its boundaries in relation to the problem of clearing, replanning,
and reconstruction of areas in which unsafe or unsanitary dwelling, public school, or housing
conditions exist, and the provision of dwelling accommodations for persons of low income,
and to cooperate with any city or regional planning agency. (4) To prepare, carry out,...
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11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution,
sale, delivery, redemption, etc.; security for payment of principal or interest; remedies
upon default; liability of municipalities, board, etc., thereupon. (a) Any authority shall
have power to issue from time to time its bonds and notes in such principal amount as its
board shall determine to be necessary to provide sufficient funds for achieving any of its
corporate purposes, including the payment of interest on any of its notes and bonds, the establishment
of reserves to secure any such notes and bonds and all other expenditures of such authority
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
authority shall also have the power to issue from time to time notes to renew notes and bonds
to pay notes, including interest thereon and, whenever it deems refunding expedient, to refund
any bonds by the issuance of new bonds, whether the bonds to be refunded...
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