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11-94-9
Section 11-94-9 Powers of authority; location of projects. (a) An authority organized and existing
under this chapter shall have the following powers, together with all powers incident thereto
or necessary for the performance of those stated herein: (1) To adopt bylaws for the regulation
of its affairs and the conduct of its business; (2) To adopt an official seal and alter the
same at pleasure; (3) To maintain a principal office in the municipality which is an authorizing
subdivision and sub-offices at such other place or places within the county which is an authorizing
subdivision as its board may designate; (4) To sue and be sued in its own name, excepting
actions in tort against the authority; (5) To acquire, whether by purchase, construction,
exchange, gift, lease, or otherwise and to improve, equip, and furnish and to own and maintain
one or more projects or parts thereof, including all real and personal properties and interests
therein which its board may deem necessary in...
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27-44-3
Section 27-44-3 Scope of chapter. (a) This chapter shall provide coverage for the policies
and contracts specified in subsection (b) as follows: (1) To persons who, regardless of where
they reside (except for non-resident certificate holders under group policies or contracts),
are the beneficiaries, assignees, or payees of the persons covered under subdivision (2).
(2) To persons who are owners of or certificate holders under the policies or contracts, other
than structured settlement annuities, and in each case who are either of the following: a.
Residents b. Not residents, but only under all of the following conditions: 1. The insurer
that issued the policies or contracts is domiciled in this state. 2. The states in which the
persons reside have associations similar to the association created by this chapter. 3. The
persons are not eligible for coverage by an association in any other state due to the fact
the insurer was not licensed in the state at the time specified in the state's...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-44-3.htm - 12K - Match Info - Similar pages
15-8-150
Section 15-8-150 Contents; sufficiency; use of analogous forms. The forms of indictment set
forth in this section in all cases in which they are applicable, are sufficient, and analogous
forms may be used in other cases. (1) CAPTION, COMMENCEMENT AND CONCLUSION GENERALLY. The
State of Alabama,) Circuit court, ___ session, ___) 20___ The grand jury of said county charge
that, before the finding of this indictment, etc. (describing the offense as in the following
forms), against the peace and dignity of the State of Alabama. E.F.J.,District Attorney of
the ______ circuit. (2) ADVERTISING, ETC., UNREGISTERED SECURITIES. A. B. did, contrary to
law, and subsequent to the ____ day of ____, 20__, advertise (or otherwise describing the
unlawful act) in this state for the purpose of inducing or securing subscriptions to or sales
of the capital stock of the X. Y. company (or otherwise describing the security so advertised),
which said stock (or other security) had not then...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/15-8-150.htm - 33K - Match Info - Similar pages
11-97-13
Section 11-97-13 Freedom of corporation from supervision and control of state; applicability
of certain laws regarding operation of facilities. (a) This chapter is intended to aid the
state through the furtherance of the purposes of the chapter by providing appropriate and
independent instrumentalities with full and adequate powers to fulfill their functions. Except
as expressly provided in this chapter, no proceeding, notice, or approval shall be required
for the incorporation of any corporation or the amendment of its certificate of incorporation,
the purchase of any note or other instrument secured by a mortgage, deed of trust, note or
other security interest, the issuance of any bonds, the execution of any mortgage and deed
of trust or trust indenture, or the exercise of any other of its powers by a corporation.
Neither a public hearing nor the consent of the State Department of Finance or any other department,
agency, bureau, board, or corporation of the state shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-13.htm - 1K - Match Info - Similar pages
11-92B-13
Section 11-92B-13 Liability for indebtedness. Neither the county of incorporation nor any municipality
whose corporate limits lie in whole or in part within the operational area of the authority,
nor any member or officer of the county of incorporation or any such municipality, shall be
liable for the payment of any indebtedness of the authority or for the performance of any
pledge, mortgage, obligation, bond, or agreement of any kind whatsoever which may be undertaken
by the authority. No indebtedness of an authority, pursuant to any of its agreements or obligations
shall be construed to constitute an indebtedness of the county of incorporation or any municipality
within the meaning of any law whatsoever, unless the county of incorporation or municipality
shall expressly obligate itself thereto. (Act 2009-337, p. 569, ยง13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92B-13.htm - 1K - Match Info - Similar pages
45-41A-10.12
Section 45-41A-10.12 Notice of bond resolution. Upon the adoption by the board of the authority
of any resolution providing for the issuance of bonds, such authority, in its discretion,
may cause to be published once a week for two consecutive weeks, in a newspaper published
or having a general circulation in the city, a notice in substantially the following form
(the blanks being properly filled in) at the end of which shall be printed the name and title
of either the chair or secretary of such authority: "The Auburn Downtown Redevelopment
Authority, a public corporation organized and existing under the laws of the State of Alabama
(the 'Authority'), after notice published on the ______ day of ______, 20__ , in ______, a
newspaper of general circulation in the City of Auburn, Alabama, held a public hearing on
the ______ day of ______, 20__ , regarding its proposed issuance of $_____ principal amount
of bonds of the Authority for purposes authorized in the act of the Legislature of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-41A-10.12.htm - 2K - Match Info - Similar pages
11-22-10
Section 11-22-10 Bond issues - Securing of principal and interest; mortgages and deeds of trust;
default. The principal of and interest on any bonds issued by the corporation shall be secured
by a pledge of the revenues and receipts out of which the same shall be made payable and may
be secured by mortgage or deed of trust covering all or any part of the projects from which
the revenues or receipts so pledged may be derived, including any enlargements of and additions
to any such projects thereafter made. The resolution under which the bonds are authorized
to be issued and any such mortgage or deed of trust may contain any agreements and provisions
respecting the maintenance of the projects covered thereby, the fixing and collection of fees,
rates, tolls and charges for the services, facilities and accommodations furnished by the
corporation and of the rents for any portion thereof leased by the corporation to others,
the creation and maintenance of special funds from such revenues and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-22-10.htm - 2K - Match Info - Similar pages
11-54-144
Section 11-54-144 Security for bonds. The principal of and interest on any bonds issued under
the authority of this article shall be secured by a pledge of the revenues out of which such
bonds shall be made payable, may be secured by a mortgage covering all or any part of the
project from which the revenues so pledged may be derived, and may be secured by a pledge
of the lease of such project. The proceedings under which such bonds are authorized to be
issued or any such mortgage may contain any agreements and provisions customarily contained
in instruments securing bonds, including, without limiting the generality of the foregoing,
provisions respecting the fixing and collection of rents for any project covered by such proceedings
or mortgage, the terms to be incorporated in the lease of such project, the maintenance and
insurance of such project, the creation and maintenance of special funds from the revenues
from such project, and the rights and remedies available in event of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-144.htm - 2K - Match Info - Similar pages
11-50A-31
Section 11-50A-31 Effectiveness of pledges and security interests. Any pledge or security interest
created or granted by the authority shall be valid and binding from the time when the same
is made; moneys or property which are the subject of such pledge or security interest and
then held or thereafter received by the authority shall immediately be subject to such pledge
or security interest without any physical delivery thereof or further act; and such pledge
or security interest shall be valid and binding as against all parties having claims of any
kind in tort, contract or otherwise against the authority, irrespective of whether or not
such parties have notice thereof. Neither the bond resolution, trust agreement or indenture
nor any other instrument relating to bonds, bond anticipation notes or notes or otherwise
creating or granting any such pledge or security interest need be filed or recorded in any
office other than with the records of the authority. (Acts 1981, No. 81-681, p....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-31.htm - 1K - Match Info - Similar pages
11-54-55
Section 11-54-55 Bonds - Security for payment of principal and interest. The principal of and
interest on any bonds issued under the authority of this article shall be secured by a pledge
of the revenues out of which such bonds shall be made payable, may be secured by a mortgage
covering all or any part of the project from which the revenues so pledged may be derived
and may be secured by a pledge of the lease of such project. The proceedings under which such
bonds are authorized to be issued or any such mortgage may contain any agreements and provisions
customarily contained in instruments securing bonds, including, without limiting the generality
of the foregoing, provisions respecting the fixing and collection of rents for any project
covered by such proceedings or mortgage, the terms to be incorporated in the lease of such
project, the maintenance and insurance of such project, the creation and maintenance of special
funds from the revenues from such project and the rights and...
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