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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...
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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...
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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...
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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
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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11-56-9
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...
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22-21-331
Section 22-21-331 Remedies for default in payment of securities or performance of lease
agreement. (a) If there should be any default in the payment of the principal of or interest
on any securities issued under this article, then the holder of any such securities and any
coupons applicable thereto (subject to any provision of the resolution or indenture under
which such securities were issued restricting the individual rights of action of any such
holders or vesting such rights exclusively in a trustee), and the trustee under any indenture,
or any one or more of them: (1) May, by mandamus, injunction or other proceedings, compel
performance of all duties of the directors and officers of the authority with respect to the
use of funds for the payment of such securities and for the performance of the agreements
of the authority contained in the proceedings under which they were issued; (2) Shall be entitled
to a judgment against the authority for the principal of and interest on the...
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11-101A-8
Section 11-101A-8 Powers of authority. (a) In addition to all other powers granted elsewhere
in this chapter, and subject to the express provisions of its certificate of incorporation,
an authority shall have the following powers, together with all powers incidental thereto
or necessary to the discharge thereof in corporate form: (1) To have succession by its corporate
name for the duration of time, which may be in perpetuity, specified in its certificate of
incorporation, or until dissolved as provided in Section 11-101A-24. (2) To sue and
be sued in its own name in civil suits and actions, and to defend suits and actions against
it, subject, however, to Chapter 93 of this title, which chapter is hereby made applicable
to the authority. (3) To adopt, alter, amend, and repeal bylaws, regulations, and rules for
the regulation and conduct of its affairs and business. (4) To adopt and make use of a corporate
seal and to alter the same at pleasure. (5) To acquire, whether by purchase,...
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4-3-47
Section 4-3-47 Powers of authority generally. The authority shall have the following
powers, together with all powers incidental thereto or necessary to the discharge thereof
in corporate form: (1) To have succession by its corporate name for the duration of time (which
may be in perpetuity) specified in its certificate of incorporation; (2) To sue and be sued
in its own name in civil actions, excepting actions in tort against the authority; (3) To
adopt and make use of a corporate seal and to alter the same at pleasure; (4) To adopt and
alter bylaws for the regulation and conduct of its affairs and business; (5) To acquire, receive,
take and hold, whether by purchase, option to purchase, gift, lease, devise or otherwise,
property of every description, whether real, personal or mixed, whether in one or more counties
and whether within or without the corporate limits of any authorizing subdivision, and to
manage said property and to develop any property and to sell, exchange, lease or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-47.htm - 16K - Match Info - Similar pages
22-21-318
Section 22-21-318 Powers of authority. (a) In addition to all other powers granted elsewhere
in this article, and subject to the express provisions of its certificate of incorporation,
an authority shall have the following powers, together with all powers incidental thereto
or necessary to the discharge thereof in corporate form: (1) To have succession by its corporate
name for the duration of time, which may be in perpetuity, specified in its certificate of
incorporation or until dissolved as provided in Section 22-21-339; (2) To sue and be
sued in its own name in civil suits and actions, and to defend suits and actions against it,
including suits and actions ex delicto and ex contractu, subject, however, to the provisions
of Chapter 93 of Title 11, which chapter is hereby made applicable to the authority; (3) To
adopt and make use of a corporate seal and to alter the same at pleasure; (4) To adopt, alter,
amend and repeal bylaws, regulations and rules, not inconsistent with the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-318.htm - 12K - Match Info - Similar pages
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