23-2-150
Section 23-2-150 Authority to collect tolls, revenues, etc.; to lease to utilities;
toll rates adjusted to conform to trust agreement. The authority is hereby authorized to fix,
revise, charge, and collect tolls for the use of each toll road, bridge or tunnel project
and the different parts or sections thereof, and to contract with, or to lease to or from,
any person, partnership, association or corporation desiring the use of any part thereof,
including the right-of-way adjoining the paved portion of approaches and access highways,
streets or roads for placing thereon telephone, telegraph, electric light or power lines or
pipe lines for gas and water or for petroleum products or for any other purpose except for
tracks for railroad or railway use and to fix the terms, conditions, rents, and rates of charges
for such use. Tolls shall be so fixed and adjusted as to carry out and perform the terms and
provisions of any contract with or for the benefit of bondholders. Tolls shall not be...
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11-50A-18
Section 11-50A-18 Revenues of authority; rates; assignment to trustee; use of revenues.
(a) For the purpose of earning sufficient revenues to make possible the payment of all ownership
costs of the authority relating to any project, the authority is authorized, empowered and
directed to fix and revise rates and collect fees, tolls, and other charges with respect to
each project which it shall cause to be acquired or constructed. Such rates, fees, tolls,
and other charges to be paid for the output, capacity, use or service of each project and
other resources of the authority shall be so fixed and adjusted from time to time as to provide
funds at least sufficient with other revenues, if any, of the authority and of each of its
projects: (1) To pay the costs of operating, maintaining, leasing, repairing, and disposing
of projects, including reserves for insurance and extraordinary repairs, reserves for renewals
and replacements, reserves for fuel, reserves for working capital, reserves...
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23-2-144
Section 23-2-144 Powers of the authority. (a) The authority shall have the following
powers: (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 and branch offices at the place or places within the state as it may designate. (4)
To sue and be sued in its own name, including suits in tort. (5) With the consent and approval
of the department, to acquire and construct toll road, bridge, or tunnel projects at locations
as the authority may determine to be desirable, practicable, and economically feasible and
to maintain, repair, and operate the projects. (6) To issue toll road, bridge, or tunnel revenue
bonds of the authority for any of its corporate purposes, payable solely from its tolls, other
revenues, and proceeds of the bonds, and to refund its bonds, all as provided in this article.
No bonds issued under the provisions of this article shall constitute a...
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11-89A-10
Section 11-89A-10 Security for payment of bonds; contracts and agreements to secure.
(a) Any bonds issued by the authority shall be revenue bonds and shall be payable solely out
of such revenues of the authority as may be designated in the proceedings of the board under
which they shall be authorized to be issued. Any such proceedings may provide that the bonds
therein authorized shall be payable solely out of the revenues derived from the operation
of any facility or facilities owned by the authority, regardless of the fact that those bonds
may have been issued with respect to or for the benefit of a certain facility or facilities
of the authority. (b) As security for payment of the principal and interest on any bonds issued
or assumed by it, any authority may enter into a contract or contracts, and adopt resolutions
or other proceedings containing provisions constituting a part of the contract or contracts
with the holders of such bonds, pertaining to, among other things, the...
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45-8A-20.08
Section 45-8A-20.08 Powers of authority. (a) 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 perpetuity, subject to the provisions of Section 45-8A-20.19) specified in its
certificate of incorporation; (2) To sue and be sued in its own name and to prosecute and
defend civil actions in any court having jurisdiction of the subject matter and of the parties;
(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,
whether by purchase, construction, exchange, gift, lease, or otherwise and to refinance existing
indebtedness on, improve, maintain, equip, and furnish one or more projects, including all
real and personal properties which the board of the authority may deem necessary in...
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24-1-33
Section 24-1-33 Powers of authority to secure payment of bonds, etc. In connection with
the issuance of bonds or the incurring of any obligation under a lease and in order to secure
the payment of such bonds or obligations, the authority shall have power: (1) To pledge by
resolution, trust indenture, mortgage, subject to the limitations hereinafter imposed, or
other contract all or any part of its rents, fees or revenues. (2) To covenant against mortgaging
all or any part of its property, real or personal, then owned or thereafter acquired, or against
permitting or suffering any lien thereon. (3) To covenant with respect to limitations on its
right to sell, lease or otherwise dispose of any housing project, or any part thereof, or
with respect to limitations on its right to undertake additional housing projects. (4) To
covenant against pledging all or any part of its rents, fees and revenues to which its right
then exists, or the right to which may thereafter come into existence, or...
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24-1-72
Section 24-1-72 Powers of authority to secure payment of bonds, etc. In connection with
the issuance of bonds or the incurring of any obligation under a lease and in order to secure
the payment of such bonds or obligations, the authority shall have power: (1) To pledge by
resolution, trust indenture, mortgage, subject to the limitations hereinafter imposed, or
other contract all or any part of its rents, fees, or revenues. (2) To covenant against mortgaging
all or any part of its property, real or personal, then owned or thereafter acquired, or against
permitting or suffering any lien thereon. (3) To covenant with respect to limitations on its
right to sell, lease, or otherwise dispose of any housing project, or any part thereof, or
with respect to limitations on its right to undertake additional housing projects. (4) To
covenant against pledging all or any part of its rents, fees, and revenues to which its right
then exists, or the right to which may thereafter come into existence, or...
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11-92C-8
Section 11-92C-8 Powers of authority. (a) 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, subject to Section 11-92C-20, specified in its certificate of incorporation.
(2) To sue and be sued in its own name and to prosecute and defend civil actions in any court
having jurisdiction of the subject matter and of the parties; provided that the authority
shall be deemed to be a governmental entity as defined in Chapter 93 of this title for the
purpose of limiting the damages for which the authority may be liable. (3) To adopt and make
use of a corporate seal and to alter the seal at its pleasure. (4) To adopt and alter bylaws
for the regulation and conduct of its affairs and business. (5) To acquire, whether by purchase,
construction, exchange, gift, lease, or otherwise, and to refinance existing...
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16-17-7
Section 16-17-7 Powers of authority. 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, subject to the provisions of Section 16-17-19) specified in its certificate
of incorporation; (2) To sue and be sued in its own name in civil actions and to defend actions
against it; (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, hold, receive and take by purchase, gift, lease, devise or otherwise, and
to sell, transfer and convey, property of every description, real, personal or mixed, wherever
the same might be located; (6) To make, enter into and execute such contracts, agreements,
leases and other instruments and to take such other actions as may be necessary or...
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16-18-7
Section 16-18-7 Powers of authority. 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, subject to the provisions of Section 16-18-21 specified in its certificate
of incorporation; (2) To sue and be sued in its own name in civil actions and to defend actions
against it; (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 and take by purchase, gift, lease, devise or otherwise, and to hold
property of every description, real, personal or mixed, wherever the same might be located;
(6) To make, enter into and execute such contracts, agreements, leases and other instruments
and to take such other actions as may be necessary or convenient to accomplish any...
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