35-11-44
Section 35-11-44 Place of filing. (a) Notices of liens, certificates, and other notices affecting
federal tax liens or other federal liens must be filed in accordance with this division. (b)
Notices of federal liens upon real property for obligations payable to the United States and
certificates and notices affecting the liens shall be filed in the office of the judge of
probate of the county in which the real property subject to the liens is situated. (c) Notices
of federal liens upon personal property, whether tangible or intangible, for obligations payable
to the United States and certificates and notices affecting the liens shall be filed as follows:
(1) If the person against whose interest the lien applies is a corporation or a partnership
whose principal executive office is in this state, as those entities are defined in the internal
revenue laws of the United States, in the office of the Secretary of State; (2) If the person
against whose interest the lien applies is a trust...
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8-6-10
Section 8-6-10 Registration of securities - Exempt securities. Sections 8-6-4 through 8-6-9
shall not apply to any of the following securities: (1) Any security, including a revenue
obligation, issued or guaranteed by the United States, any state, any political subdivision
of a state, any agency, corporate, or other instrumentality of one or more of the foregoing;
or any certificate of deposit for any of the foregoing. (2) Any security issued or guaranteed
by Canada, any Canadian province, any political subdivision of any province, any agency, corporate,
or other instrumentality of one or more of the foregoing or any other foreign government with
which the United States currently maintains diplomatic relations if the security is recognized
as a valid obligation by the issuer or guarantor. (3) Any security issued by and representing
an interest in or a debt of, or guaranteed by, any bank organized under the laws of the United
States or any bank, savings institution, or trust company...
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11-32-8
Section 11-32-8 Rates and charges. (a) Rates, fees, and charges for public transportation service
rendered by the authority from any of its transit systems shall be so fixed and from time
to time revised as at all times to provide funds that, when added to all other revenues including
tax proceeds anticipated to be received by the authority shall be at least sufficient to do
all of the following: (1) Pay the cost of operating, maintaining, repairing, replacing, extending,
and improving the systems from which such services are rendered. (2) Pay the principal of
and the interest on all bonds issued and obligations assumed by the authority that are payable
out of the revenues derived from operation of those systems, as the principal and interest
become due and payable. (3) Create and maintain reserves for the foregoing purposes or any
of them as may be provided in any mortgage, deed of trust, or trust indenture executed by
the authority or in any resolutions of the board authorizing the...
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11-49A-9
Section 11-49A-9 Rates for public transportation service. Rates, fees, and charges for public
transportation service rendered by the authority from any of its transit systems shall be
fixed and from time to time revised as at all times to provide funds that, when added to all
other revenues (including tax proceeds) anticipated to be received by the authority, will
be at least sufficient: (1) To pay the cost of operating, maintaining, repairing, replacing,
extending, and improving systems from which such services are rendered; (2) To pay the principal
of and the interest on all bonds issued and obligations assumed by the authority, that are
payable out of the revenues derived from operation of those systems, as the said principal
and interest become due and payable; (3) To create and maintain such reserve for the foregoing
purposes or any of them as may be provided in any mortgage and deed of trust or trust indenture
executed by the authority hereunder or in any resolutions of the board...
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11-56-1
Section 11-56-1 Definitions. The following words and phrases, whenever used in this chapter,
shall, in the absence of clear implication otherwise, have the following respective meanings:
(1) CORPORATION OR THE CORPORATION. A corporation organized pursuant to the provisions of
this chapter. (2) BOARD. The board of directors of the corporation. (3) THE STATE. The State
of Alabama. (4) THE MUNICIPALITY. That incorporated city or town in the state which authorized
the organization of the corporation. (5) THE COUNTY. That county in which the certificate
of incorporation of the corporation shall be filed for record. (6) LOCAL SUBDIVISION. The
municipality or the county. (7) PUBLIC CORPORATION. a. Any public corporation (other than
a corporation organized under this chapter) now or hereafter organized or created in the state
pursuant to the authorization or determination by the municipality, by the municipality and
one or more other cities and towns in the state, by the county, by the county...
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11-81-19
Section 11-81-19 Investment of sinking funds generally; reports as to investment or deposit
of sinking funds; contracts for purchase of savings certificates. All sinking funds provided
for the retirement of bonds shall be invested in bonds of such subdivision or in bonds of
the United States or in bonds of the State of Alabama or in bonds of any county in the State
of Alabama or any municipal corporation of the State of Alabama, or deposited in a bank on
interest; provided, however, that the proceedings authorizing any funding or refunding bonds
may prohibit the investment of the sinking fund for such bonds and require that such sinking
fund shall be used exclusively in the purchase for retirement or in the redemption of such
funding or refunding bonds. All sinking funds created by resolutions or ordinance heretofore
adopted must be properly set aside each year in accordance with the resolution or ordinance
providing for the same and a report made thereof and filed with the clerk of...
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11-99B-11
Section 11-99B-11 Establishment and revision of rentals, licenses, rates, fees, and charges
for services or facilities rendered by district. Rates, fees, charges, rentals, and licenses
for services rendered by the district or facilities provided by the district from any of its
projects shall be so fixed and, from time to time, revised as at all times to provide funds
at least sufficient, taking into account other sources for the payment thereof, to: (1) Pay
the cost of operating, maintaining, repairing, replacing, extending, and improving the project
or projects of the district. (2) Pay the principal of and the interest on all bonds issued
and obligations assumed by the district that are payable out of the revenues derived from
operation of the project or projects of the district as the said principal and interest become
due and payable. (3) Create and maintain such reserves for the foregoing purposes or any of
them as may be provided in any trust indenture executed by the district...
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16-16B-2
Section 16-16B-2 Definitions. (a) Wherever used in this chapter, the following terms shall
have the following meanings unless the context clearly indicates otherwise: (1) "1965
Act" means Act No. 243 enacted at the 1965 First Special Session of the Legislature,
codified as Title 16, Chapter 16. (2) "1971 Acts" means Act No. 94 enacted at the
1971 First Special Session of the Legislature, Act No. 2428 enacted at the 1971 Regular Session
of the Legislature, and Act No. 56 enacted at the 1971 Second Special Session of the Legislature.
(3) "1973 Act" means Act No. 1277 enacted at the 1973 Regular Session of the Legislature
as amended by Act No. 73 enacted at the 1975 Third Special Session of the Legislature and
Act No. 1223 enacted at the 1975 Regular Session of the Legislature. (4) "1978 Act"
means Act No. 138 enacted at the 1978 Second Special Session of the Legislature, as amended
by Act No. 79-41 enacted at the 1979 Special Session of the Legislature and Act No. 81-827
enacted at the...
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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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45-25-250.07
Section 45-25-250.07 Rates, fees, and charges. Rates, fees, and charges for water, sewer, or
garbage service rendered by the authority from any of its systems shall be so fixed and from
time to time revised as at all times to provide funds at least sufficient to: (1) Pay the
cost of operating, maintaining, repairing, replacing, extending, and improving the systems
and facilities, or either, from which such services are rendered. (2) Pay the principal of
and the interest on all bonds and obligations assumed by the authority that are payable out
of the revenues derived from operation of those systems and facilities together with revenues
from any tax sources and fees as the principal and interest become due and payable. (3) Create
and maintain such reserves for the foregoing purposes or any of them as may be provided in
any mortgage and deed of trust or trust indenture executed by the authority under this article
or in any resolutions of the board authorizing the assumption of any...
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