22-23B-7
Section 22-23B-7 Purpose; issuing, selling and refunding of bonds. For the purpose of providing funds for the authority to make loans to public bodies for a project or projects, or for the payment of obligations incurred or temporary loans made for any of said purposes, the authority is hereby authorized, from time to time, to issue and sell its bonds or other evidences of indebtedness. Such bonds may be issued in one or more series; shall be in such form and denominations and of such terms and maturities, not exceeding 30 years from the date of issue of each series; shall bear such rate or rates of interest, payable and evidenced in such manner; may contain such provisions for registration or for redemption prior to maturity; and may contain such other provisions not inconsistent herewith, all as may be provided by the authorizing resolution. As security for the payment of the principal of and interest on its bonds, the authority is authorized to pledge, transfer and assign any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23B-7.htm - 4K - Match Info - Similar pages
22-29-23
Section 22-29-23 Dissolution. When all bonds issued by the authority and all obligations made or assumed by it under the provisions of this chapter shall have been paid in full, the then officers and directors of the authority shall at such time file with the Secretary of State a written statement, subscribed and sworn to by each of them, reciting the payment in full of all such bonds and obligations. Such statement shall be filed with the Secretary of State and recorded with the certificate of incorporation of the authority, and thereupon, the authority shall stand dissolved. Any property owned by the authority but leased to a local public body shall become the property of such local public body and any property owned by the authority and not leased to any local public body shall become the property of the state. (Acts 1971, No. 42, p. 279, ยง23.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-29-23.htm - 1K - Match Info - Similar pages
23-2-143
Section 23-2-143 Authority established; composition; meetings; fidelity bonds; compensation. (a) There is hereby established a body corporate and politic with corporate succession, to be known as the "Alabama Toll Road, Bridge and Tunnel Authority." The authority is hereby constituted an instrumentality exercising public and essential governmental functions and the exercise by the authority of the powers conferred by this article shall be deemed and held to be an essential governmental function of the state. (b) The authority shall consist of the Governor or his or her designee, the Lieutenant Governor or his or her designee, the Speaker of the House of Representatives or his or her designee, the Director of Transportation, the Director of Finance, the Chair of the House Government Appropriations Committee, the Chair of the Senate Finance and Taxation General Fund Committee, and two persons from the state at large to be appointed by the Governor. (c) The Governor shall be chairman of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-2-143.htm - 3K - Match Info - Similar pages
11-57-1
Section 11-57-1 Definitions. The following words and phrases, whenever used in this chapter, shall have the following respective meanings, unless the context clearly indicates otherwise: (1) AUTHORITY. A corporation organized pursuant to the provisions of this chapter. (2) BOARD. The board of directors of the authority. (3) BOND. Any bond issued under the provisions of this chapter, including refunding bonds. (4) COUNTY. That county in which the certificate of incorporation of the authority shall be filed for record. (5) COUPON. Any interest coupon evidencing an installment of interest payable with respect to a bond. (6) FISCAL YEAR. A fiscal year of the municipality. (7) GOVERNING BODY. The council, board of commissioners, or other like body in which the legislative functions of the municipality are vested by law. (8) INDENTURE. A mortgage, an indenture of mortgage, deed of trust or trust indenture executed by the authority as security for any bonds. (9) LEASE AGREEMENT. Any agreement...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-57-1.htm - 1K - Match Info - Similar pages
24-1-22
Section 24-1-22 Definitions. The following terms, wherever used or referred to in this article, shall have the following respective meanings, unless a different meaning clearly appears from the context: (1) AUTHORITY or HOUSING AUTHORITY. A public body organized as a body corporate and politic in accordance with the provisions of this article for the purposes, with the powers and subject to the restrictions set forth. (2) CITY. Any city or incorporated town in the State of Alabama. (3) COUNCIL. The legislative body, council, board of commissioners or other body charged with governing the city. (4) CITY CLERK and MAYOR. The clerk, and the mayor or president of the board of commissioners, respectively, of the city or the officers thereof charged with the duties customarily imposed on the clerk and mayor respectively. (5) COMMISSIONER. One of the members of an authority appointed in accordance with the provisions of this article. (6) GOVERNMENT. Such term shall include the state and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-22.htm - 4K - Match Info - Similar pages
24-1-61
Section 24-1-61 Definitions. The following terms, wherever used or referred to in this article shall have the following respective meaning, unless a different meaning clearly appears from the context: (1) AUTHORITY or HOUSING AUTHORITY. A public body organized as a body corporate and politic in accordance with the provisions of this article for the purposes, with the powers and subject to the restrictions set forth in this article. (2) COUNTY. All of the county except that portion which lies within the territorial boundaries of any city or incorporated town. (3) COUNTY COMMISSION. The governing body of any county. (4) HOUSING COMMISSIONER. One of the members of an authority appointed in accordance with the provisions of this article. (5) GOVERNMENT. Such term shall include the state and federal governments and any subdivision, agency, or instrumentality, corporate or otherwise, of either of them. (6) STATE. The State of Alabama. (7) FEDERAL GOVERNMENT. Such term shall include the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-61.htm - 4K - Match Info - Similar pages
11-101A-2
Section 11-101A-2 Definitions. As used in this chapter, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) APPLICANT. A natural person who files a written application with the governing body of a county or municipality, or two or more thereof, in accordance with Section 11-101A-3. (2) AUTHORITY. A public corporation organized pursuant to this chapter. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing body of an authorizing subdivision in accordance with Section 11-101A-3, that authorizes the incorporation of an authority under this chapter. (4) AUTHORIZING SUBDIVISION. Each county and municipality with the governing body of which an application for the incorporation of an authority under this chapter is filed. (5) BOARD. The board of directors of an authority. (6) BONDS. Any bonds authorized to be issued by an authority hereunder, including refunding bonds. (7) CODE. The Code of Alabama 1975. (8)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-101A-2.htm - 3K - Match Info - Similar pages
22-27-5
Section 22-27-5 Authority of localities to establish charges, fees, etc., and enter into mutual agreements or contracts; approval of department; licensing of private or corporate agencies; permits and bonds; nonpayment of fees, etc. (a) Fees, etc.; mutual agreements or contracts. The county commission or municipality undertaking the responsibility for providing services to the public under this article may establish fees, charges and rates and may collect and disburse funds within cooperating areas or districts, inside or outside the corporate limits of municipalities or inside or outside of county boundaries, for the specific purpose of administering this article and providing and operating a solid waste program. Also, said county commission or public authority may enter into mutual agreements or contracts with the government bodies of other counties, municipalities, corporations or individuals, where deemed to be mutually economical and feasible, to jointly or individually collect,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-27-5.htm - 4K - Match Info - Similar pages
22-30F-7
Section 22-30F-7 Alabama Land Recycling Finance Authority - Powers. (a) The authority shall have each of the following powers, among others specified by or required to implement this chapter: (1) To sue and be sued and to prosecute and defend, at law and in equity, in any court having jurisdiction of the subject matter and of the parties thereto. (2) To have and to use a corporate seal and to alter such seal at pleasure. (3) To establish a fiscal year. (4) To acquire in any manner and to hold title to or leasehold interests in real and personal property and to sell, convey, or lease the same for the purpose of carrying out its functions and duties hereunder. (5) To construct and operate or lease to or from any public body any one or more projects. (6) To execute agreements obligating the authority to agree to pay and to pay such portion of the estimated reasonable cost of the project of each public body as may be required to meet the requirements of any federal act and the state. (7)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-30F-7.htm - 2K - Match Info - Similar pages
24-1-106
Section 24-1-106 Public hearings and application to Secretary of State required for incorporation or change in area of operation. The governing body of a county shall not adopt any resolution authorized by Sections 24-1-102, 24-1-104, or 24-1-105 unless a public hearing has first been held which shall conform, except as otherwise provided in this article, to the requirements of this chapter for hearings to determine the need for a housing authority of a county; provided, that such hearings may be held by the governing body without a petition therefor. No housing authority shall constitute a body corporate and politic under this article until the commissioners of such authority have filed and recorded an application therefor with the Secretary of State, which shall conform, insofar as may be applicable, to the provisions of this chapter for the making, filing, and recording of an application with the Secretary of State by the commissioners of a housing authority created for a county;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-106.htm - 1K - Match Info - Similar pages
|