|
22-21-140
Section 22-21-140 Lease agreements with municipality. (a) Authorization of lease. The
authority and the municipality are hereby respectively authorized to enter into one or more
lease agreements with each other whereunder one or more projects or any part thereof shall
be leased by the authority to the municipality. No such lease agreement shall be for a term
longer than the then current fiscal year in which it is made. Any such lease agreement made,
however, may contain a grant to the municipality of successive options to renew such lease
agreement, on the conditions specified therein, for additional terms; but no such additional
term shall be for a period longer than the fiscal year in which such renewal shall be made.
The lease agreement may contain provisions as to the method by which such renewal may be effected.
(b) Payments limited to current revenues of the municipality for current fiscal year. The
obligation on the part of the municipality to pay the rental required to be paid...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-140.htm - 5K - Match Info - Similar pages
11-57-10
Section 11-57-10 Leasing of projects. The authority and the municipality are hereby
respectively authorized to enter into one or more lease agreements with each other whereunder
one or more projects or any part thereof shall be leased by the authority to the municipality.
No such lease agreement shall be for a term longer than the then current fiscal year in which
it is made. Any such lease agreement made, however, may contain a grant to the municipality
of successive options to renew such lease agreement, on the conditions specified therein,
for additional terms, but no such additional term shall be for a period longer than the fiscal
year in which such renewal shall be made. The lease agreement may contain provisions as to
the method by which such renewal may be effected. The obligation on the part of the municipality
to pay the rental required to be paid and to perform the agreements on the part of the municipality
required to be performed during any fiscal year during which the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-57-10.htm - 2K - Match Info - Similar pages
22-21-330
Section 22-21-330 Lease agreements with authorizing subdivision; terms; renewal options;
special pledge as security for payment of rental, etc.; use of vacant space. (a) Each authority
and any authorizing subdivision are hereby respectively authorized to enter into one or more
lease agreements with each other whereunder any health care facilities situated within (or
within 10 miles of) such authorizing subdivision or any part thereof shall be leased by the
authority to such authorizing subdivision, but if and only if such authorizing subdivision
is then permitted by law to operate such health care facilities, to issue its bonds, warrants,
notes or other securities therefor and to pledge for the benefit of any such securities its
full faith and credit. No such lease agreement shall be for a term longer than the then current
fiscal year in which it is made. Any such lease agreement may, however, contain a grant to
such authorizing subdivision of successive options to renew such lease...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-330.htm - 6K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
11-56-9
Section 11-56-9 Leasing of projects. (a) The corporation and any local subdivision are
hereby respectively authorized to enter into with each other one or more lease agreements
whereunder a project or any part thereof shall be leased by the corporation to such local
subdivision for a term not longer than the then current fiscal year of such local subdivision,
but any such lease agreement may contain a grant to such local subdivision of successive options
of renewing the said lease agreement on the terms specified therein for any subsequent fiscal
year or years of such local subdivision. The said lease agreement may contain appropriate
provisions as to the method by which such local subdivision may, at its election, exercise
such of the said options of renewal as its governing body may elect on the terms provided
therein and such other covenants and provisions as shall not be inconsistent with this chapter
and as the corporation and such local subdivision may agree. The rental for each...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-56-9.htm - 5K - Match Info - Similar pages
11-50A-17
Section 11-50A-17 Contracts for use of projects; purchase of electric power; payment
of charges; indemnity; enforcement of performance. (a) Any municipality, if authorized by
resolution or ordinance of its governing body, may contract with the authority for the payment
of any rates, tolls, fees, and other charges prescribed in this section and Section
11-50A-18 by the authority for the output, capacity, use or service by the municipality of
any projects or other resources of the authority or any of its facilities or undertakings.
The obligations to pay the amounts contracted to be paid by the municipality to the authority
under the contract or contracts entered into pursuant to the provisions of this section
shall be treated as expenses of operating the electric distribution system of the municipality
for the payment of which the revenues of the municipality derived from the operation of its
electric distribution system (together with any other revenues that may be lawfully pledged...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-17.htm - 6K - Match Info - Similar pages
41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division,
and others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant
to this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which
the payment of debt service referable to bonds, notes, or other evidences of indebtedness
of a development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of
the authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes,
or other evidences of indebtedness of a development agency that are issued solely for the
purpose in financing a project and that are guaranteed, in whole or in part,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-541.htm - 13K - Match Info - Similar pages
11-89A-8
Section 11-89A-8 Powers of authority; location of facilities of authority. (a) Every
authority shall have all of the powers necessary and convenient to carry out and effectuate
the purposes and provisions of this chapter, including (without limiting the generality of
the foregoing) the following powers: (1) To have succession in its corporate name for the
duration of time (which may be in perpetuity, subject to the provisions of Section
11-89A-21 specified in its certificate of incorporation); (2) To sue and be sued in its own
name in civil suits and actions and to defend suit against it; (3) To adopt and make use of
a corporate seal and to alter the same at pleasure; (4) To adopt, alter, and repeal bylaws,
regulations, and rules, not inconsistent with the provisions of this chapter, for the regulation
and conduct of its affairs and business; (5) To acquire, whether by gift, purchase, transfer,
foreclosure, lease, or otherwise, to construct and to expand, improve, operate, maintain,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89A-8.htm - 10K - Match Info - Similar pages
11-97-8
Section 11-97-8 Powers of corporation; location of facilities of corporation. (a) Every
corporation shall have all of the powers necessary and convenient to carry out and effectuate
the purposes and provisions of this chapter, including (without limiting the generality of
the foregoing) the following powers: (1) To have succession in its corporate name for the
duration of time (which may be in perpetuity, subject to the provisions of Section
11-97-22 hereof) specified in its certificate of incorporation; (2) To sue and be sued in
its own name in civil suits and actions and to defend suits against it; (3) To adopt and make
use of a corporate seal and to alter the same at pleasure; (4) To adopt, alter, and repeal
bylaws, regulations, and rules, not inconsistent with the provisions of this chapter, for
the regulation and conduct of its affairs and business; (5) To acquire, whether by gift, purchase,
transfer, foreclosure, lease, or otherwise, to construct and to expand, improve, operate,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-8.htm - 11K - Match Info - Similar pages
41-9-682
Section 41-9-682 Function and powers generally. (a) It shall be the function and main
purpose of the board to honor those, living or dead, who, by achievement or service, have
made outstanding and lasting contributions to music in Alabama or elsewhere. The board may
adopt such rules, regulations and bylaws as may be needed to carry out its functions. Also,
it may conduct surveys and polls and may appoint such committees and representatives as it
may determine necessary or desirable. The board may acquire, construct, install, equip, lease,
manage and operate buildings and other facilities consisting of any one or more of the following
to be located in Colbert County, Alabama: (i) a music hall of fame and exhibition facility
for the display of busts, statues, plaques, books, papers, computerized figures, memorabilia,
records, films, audio tapes, video tapes, compact disks, recordings, pictures and other exhibits
relating to music and musicians, (ii) a library, research and educational...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-682.htm - 13K - Match Info - Similar pages
|