Code of Alabama

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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
Except for the state and any political subdivision thereof, the other entities listed above
may issue bonds for the purpose of financing the costs of any funds or property provided to
the authority of a project. (7) To fix and revise, from time to time, charge, and collect
tolls for transit over or through toll road, bridge, and tunnel projects constructed by it
or on its behalf. (8) To establish rules and regulations for the use of any project. (9) To
acquire, hold, and dispose of real and personal property. (10) To acquire in the name
of the authority, by purchase or otherwise, on the terms and conditions and in a manner as
it may deem proper, or by condemnation in accordance with the provisions of Title 18, and
other provisions of law, insofar as the same may be applicable, any land and other property
or any easement or interest therein, which it may determine is reasonably necessary for any
toll road, bridge, or tunnel project or for its protection and preservation, or for the...

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11-89A-10
as against all persons having claims of any kind in tort, contract or otherwise against such
authority, irrespective of whether such persons have actual notice thereof, from the time
notice of such mortgage, security interest, assignment or pledge is filed for record (1) in
the office of the judge of probate in which the certificate of incorporation of such authority
was filed for record and (2) in the case of any mortgage or security interest covering any
tangible property, whether real, personal or mixed, in the office of the judge of probate
of the county in which such property is or is to be located pursuant to any agreement made
by such authority with any person respecting the location and use of such property. Such notice
shall contain a statement of the existence of any such mortgage, security interest, assignment
or pledge, as the case may be, a description of the property, revenues or contract rights
subject thereto and a description of the bonds secured thereby, all in...
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45-8A-20.08
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 connection therewith, regardless of whether or not any such projects shall then
be in existence; (6) To lease to others any or all of its projects and to charge and collect
rent therefor, and to terminate any such lease upon the failure of the lessee to comply with
any of the obligations thereof; (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its...
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24-1-33
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 against...
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24-1-72
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
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 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 connection therewith, regardless of whether or not the projects shall
then be in existence. (6) To lease to others any or all of its projects and to share and collect
rent thereof, and to terminate any lease upon the failure of the lessee to comply with any
of the obligations thereof. (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its properties if...
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16-17-7
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 convenient to accomplish any purpose
for which the authority was organized or to exercise any power expressly granted hereunder;
(7) To plan, establish, develop, acquire, purchase, lease, construct, reconstruct, improve,
maintain and operate ancillary improvements in connection with educational...
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16-18-7
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 purpose for which the
authority was organized or to exercise any power expressly granted hereunder; (7) To plan,
establish, develop, acquire, purchase, lease, construct, reconstruct, improve, maintain and
operate ancillary improvements in connection with educational...
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