41-9-963
Section 41-9-963 Bonds and obligations solely and exclusively commission's; resolution
recital. (a) All obligations incurred by the commission and all bonds issued by it shall be
solely and exclusively an obligation of the commission and shall not create an obligation
or debt of the State of Alabama or any county or municipality. (b) All bonds issued by the
commission, while not registered, shall be construed to be negotiable instruments even though
they are payable from a limited source. All coupons applicable to any bonds issued by the
commission, while the applicable bonds are not registered as to both principal and interest,
shall likewise be construed to be negotiable instruments although payable from a limited source.
Bonds shall constitute legal investments for savings banks and insurance companies organized
under the laws of the state; and, unless otherwise directed by the court having jurisdiction
or the document that is the source of authority, a trustee, executor,...
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11-58-7
Section 11-58-7 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
etc.; dissolution of corporation. (a) All bonds issued by a corporation organized under authority
of this chapter shall be solely and exclusively obligations of the corporation and shall not
create an obligation or debt of any municipality or county. No county or municipality shall
pledge its faith or credit for the payment of any debt incurred or bonds issued by the corporation.
(b) Bonds may be executed and delivered at any time and from time to time, may be in the form
and denominations, may be of the tenor, may be in registered or bearer form, either as to
principal or interest or both, may be payable in installments and at a time or times, not
exceeding 40 years from their issuance date, may be payable at a place or places, may bear
interest at a rate or rates payable at a place or places and evidenced in a manner, and may
contain provisions not inconsistent with this chapter as may be provided by...
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41-10-260
Section 41-10-260 Definitions. The following terms, wherever used in this article, shall
have the following respective meanings unless the context clearly indicates otherwise: (1)
AUTHORITY. The public corporation organized pursuant to the provisions of this article. (2)
BOARD OF DIRECTORS. The board of directors of the authority. (3) BONDS. When used with reference
to debt instruments issued by the authority, means bonds, notes and other forms of indebtedness.
(4) BUILDING COMMISSION. The Building Commission created by Act No. 128 adopted at the 1945
Regular Session of the Legislature of the state, and any successor agency thereto. (5) CHIEF
JUSTICE. The Chief Justice of the Supreme Court of the State of Alabama. (6) GOVERNMENT SECURITIES.
Any bonds or other obligations which as to principal and interest constitute direct obligations
of, or are unconditionally guaranteed by, the United States of America, including obligations
of any federal agency to the extent such obligations are...
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11-50A-13
Section 11-50A-13 Immunity from liability; credit not pledged. (a) Neither the members
of the election committee, the members of the board nor any individual executing bonds, bond
anticipation notes or notes on behalf of the authority shall be personally liable thereon
by reason of the issuance thereof. (b) Neither the bonds, bond anticipation notes nor notes
issued under provisions of this chapter nor the instruments evidencing the obligations which
constitute the security therefor shall constitute a debt or a loan or pledge of the full faith
and credit of the state or of any municipality, but all bonds, bond anticipation notes and
notes shall be payable solely from the sources described in Section 11-50A-19 as provided
in the resolutions or trust agreements or indentures authorizing or securing the issuance
and payment of the bonds, bond anticipation notes or notes, as the case may be. The issuance
of bonds, bond anticipation notes or notes shall not obligate the state or any...
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41-10-136
Section 41-10-136 Definitions. The following words and phrases used in this article
and others evidently intended as the equivalent thereof shall, in the absence of clear implication
in this article otherwise, be given the following respective interpretations: (1) APPLICANT.
A natural person who files a written application with the Governor in accordance with the
provisions of Section 41-10-138. (2) AREA OF OPERATION. The area specified in the certificate
of incorporation of an authority, within which the authority is empowered to carry on its
business and activities under this article. (3) AUTHORITY. A public corporation organized
pursuant to the provisions of this article. (4) BOARD. The board of directors of an authority.
(5) BONDS. Includes bonds, notes, debentures and certificates representing an obligation to
pay money. (6) COMMISSION. The Alabama Historical Commission, an agency of the state established
under Section 41-9-240. (7) COUNTY. Any county in this state. (8) DIRECTOR....
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9-6-2
Section 9-6-2 Definitions. The following words and phrases used in this chapter and
others evidently intended as the equivalent thereof shall, in the absence of clear implication
in this chapter otherwise, be given the following respective interpretations: (1) APPLICANT.
A natural person who files a written application with the Governor in accordance with the
provisions of Section 9-6-4. (2) AREA OF OPERATION. The area specified in the certificate
of incorporation of the authority, within which the authority is empowered to carry on its
business and activities under this chapter. (3) AUTHORITY. A public corporation organized
pursuant to the provisions of this chapter. (4) BOARD. The board of directors of an authority.
(5) BONDS. Such term shall include bonds, notes, debentures and certificates representing
an obligation to pay money. (6) COUNTY. Any county in this state or in contiguous states.
(7) DIRECTOR. A member of the board of directors of an authority. (8) INCORPORATORS. The...

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11-49A-2
Section 11-49A-2 Definitions. The following words and phrases used in this chapter,
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) APPLICANT.
A natural person who files a written application with the governing body of any municipality
to which this chapter applies all in accordance with the provisions of Section 11-49A-4.
(2) AUTHORITY. A public corporation organized pursuant to the provisions of this chapter.
(3) AUTHORIZING MUNICIPALITY. Any municipality the governing body of which shall have adopted
an authorizing resolution. (4) AUTHORIZING RESOLUTION. A resolution, adopted by the governing
body of any municipality to which this chapter applies all in accordance with the provisions
of Section 11-49A-4, that authorizes the incorporation of an authority. (5) BOARD.
The board of directors of an authority. (6) BONDS. Shall include bonds, notes, and...
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37-13-11
Section 37-13-11 Bonds of authority - Generally. Each authority shall have the power
and is hereby authorized at any time and from time to time to issue and sell its revenue bonds
for any of its corporate purposes. The principal of and the interest on all such bonds shall
be payable solely from, and may be secured by a pledge of, the revenues derived by the authority
from the operation, leasing or sale of any or all of its railroad properties and facilities,
and other property. No bonds issued or contracts entered into by the authority shall ever
constitute or create an obligation or debt of the state, or of any county, city or town within
the state, or a charge against the credit or taxing powers of the state, or of any county,
city or town within the state. Bonds of the authority may be issued by any time and from time
to time, may be in such form, either in bearer form with appurtenant coupons (and subject
to registration as to principal or interest, or both, all as the board may...
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4-3-14
Section 4-3-14 Issuance and sale of bonds by authority; form, denominations, terms,
etc., of bonds. The authority shall have the power and is hereby authorized at any time and
from time to time to issue and sell its interest-bearing revenue bonds for any of its corporate
purposes. The principal of and the interest on all such bonds shall be payable solely from,
and may be secured by a pledge of, the revenues derived by the authority from the operation
of any or all of its airports, heliports, facilities and other property. None of the bonds
issued or contracts entered into by the authority shall ever constitute or create an obligation
or debt of the state or of any county, city or town within the state, or a charge against
the credit or taxing powers of the state or of any county, city or town within the state.
Bonds of the authority may be issued at any time and from time to time, may be in such form
and denominations, may be of such tenor, may be payable in such installments and at...
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4-3-51
Section 4-3-51 Bonds - Issuance and sale generally; payment of principal and interest
generally; form, denominations, terms, etc. The authority shall have the power and is hereby
authorized at any time and from time to time to issue and sell its interest-bearing revenue
bonds for any of its corporate purposes. The principal of and the interest on all such bonds
shall be payable solely from, and may be secured by a pledge of, the revenues derived by the
authority from the operation of any or all of its airports, heliports, facilities and other
property. None of the bonds issued or contracts entered into by the authority shall ever constitute
or create an obligation or debt of the state or of any county or municipality within the state,
or a charge against the credit or taxing powers of the state or of any county or municipality
within the state. Bonds of the authority may be issued at any time and from time to time,
may be in such form and denominations, may be of such tenor, may be...
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