|
11-47-212
Section 11-47-212 Exercise by subdivision with respect to projects outside corporate limits
or boundaries of powers granted with respect to projects within corporate limits or boundaries.
All authority heretofore or hereafter granted to a subdivision to acquire, provide, establish,
finance, including the issuance of bonds, warrants, or other obligations to pay the cost thereof,
own, use, operate, manage, and control, including the fixing of fees and the charging for
access to and the use and enjoyment thereof and the making of rules and regulations with respect
thereto, projects situated within its corporate limits, in the case of a municipality, or
within its boundaries, in the case of a county, shall be applicable to and may be exercised
by the subdivision with respect to any project situated in whole or in part outside its corporate
limits or its boundaries, as the case may be. (Acts 1977, No. 209, p. 276, §3; Acts 1996,
No. 96-320, p. 361, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-212.htm - 1K - Match Info - Similar pages
22-21-141
Section 22-21-141 Bonds - Revenue. The authority is empowered, at any time and from time to
time, to sell and issue its revenue bonds for the purpose of providing funds to acquire, construct,
improve, enlarge, complete and equip one or more projects and for payment of obligations incurred
for any such purpose. The principal of, and interest on, any such bonds shall be payable solely
out of the revenues derived by the authority from any one or more of its projects, all as
shall be provided by the resolution of the board or the indenture whereunder such bonds are
authorized to be issued. Any bonds of the authority may be delivered by it at any time and
from time to time, shall be in such form and denominations and of such tenor and maturities,
shall bear such rate or rates of interest (without regard to any usury or other laws regulating
or limiting interest rates, including without limitation, the provisions of Section 8-8-1,
as amended, all of which shall be inapplicable to any bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-141.htm - 2K - Match Info - Similar pages
24-1-116
Section 24-1-116 Cooperation of authorities. Any two or more authorities may join or cooperate
with one another in the exercise, either jointly or otherwise, of any or all of their powers
for the purpose of financing (including the issuance of bonds, notes, or other obligations
and giving security therefor), planning, undertaking, owning, constructing, operating, or
contracting with respect to a housing project or projects located within the boundaries of
any one or more of said authorities. For such purpose an authority may by resolution prescribe
and authorize any other housing authority or authorities so joining or cooperating with it
to act on its behalf with respect to any or all of such powers. Any authorities joining or
cooperating with one another may by resolutions appoint from among the commissioners of such
authorities an executive committee with full power to act on behalf of such authorities with
respect to any or all of their powers, as prescribed by resolutions of such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-116.htm - 1K - Match Info - Similar pages
24-1A-2
Section 24-1A-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 otherwise,
have the following respective meanings: (1) AUTHORITY. The public corporation and instrumentality
of the state organized pursuant to the provisions of this chapter. (2) AUTHORIZED INVESTMENTS.
Bonds or other obligations of, or guaranteed by, the United States of America or the state;
interest bearing bank and savings and loan association deposits; obligations of any agency
of the United States of America; any obligations in which a state chartered savings and loan
association may invest its funds; any agreement to repurchase any of the foregoing; or any
combination thereof. (3) BOARD OF DIRECTORS. The board of directors of the authority. (4)
BONDS. Bonds or other securities representing an obligation to pay money. (5) ELIGIBLE HOUSING
UNIT. Real and personal properties located in the state...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-2.htm - 4K - Match Info - Similar pages
24-7A-3
Section 24-7A-3 Powers of authority. The authority may: (1) Undertake research and studies
and analyses of housing needs in the State of Alabama, and the means by which such needs may
be met, including data with respect to population and family groups and the distribution thereof
according to income groups, the amount and quality of available housing and its distribution
according to rental and sales prices, and employment, wage, and other factors affecting the
local housing needs and the meeting thereof, and make the results and analyses available to
the public and the building, housing, and supply industries. (2) Enter into contracts with
cities, towns, counties, and other housing authorities in the state for the purpose of carrying
out this section. (3) Establish rentals and select tenants in low-income rental housing projects
under its jurisdiction. (4) Issue bonds, notes, and other evidence of indebtedness for the
purpose of financing the construction of housing for low-income...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-7A-3.htm - 2K - Match Info - Similar pages
41-10-653
Section 41-10-653 Powers of the authority. The authority shall have, in addition to all powers
heretofore granted to the authority pursuant to Division 1, the following powers: (1) To sell
and issue the bonds authorized herein for the purposes specified herein. (2) To pledge the
pledged revenues as security for the payment of the bonds. (3) To acquire any real or personal
property and to convey the same to the company or to any local governmental entity with or
without consideration. (4) To lease any real or personal property to the company or to any
local governmental entity for use in any part of the project. (5) To mortgage any part of
the project as security for the bonds. (6) To make, enter into, and execute contracts, agreements,
or other instruments necessary to acquire or construct capital improvements to any part of
the project. (7) To incur ancillary costs, project costs and training costs and to pay for
the same out of proceeds of the bonds, subject to the provisions of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-653.htm - 1K - Match Info - Similar pages
41-10-654
Section 41-10-654 Bonds of the authority. (a) General authorization to issue bonds. The authority
is authorized from time to time to sell and issue the bonds in one or more series in an aggregate
principal amount of up to fifty million dollars ($50,000,000) in order to provide the funds
to pay project costs, ancillary costs, and training costs. (b) Source of payment. The bonds
authorized herein shall be solely and exclusively an obligation of the authority and shall
not create an obligation or debt of the state. Such bonds shall not be general obligations
of the authority but shall be payable solely from the pledged revenues. (c) Security for the
bonds. The principal of and interest on the bonds shall be secured by a pledge of the pledged
revenues and, if necessary and desirable in the authority's sole discretion, a mortgage on
any part of the project. The resolution under which the bonds are authorized by the authority
to be issued and any trust indenture or mortgage may contain any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-654.htm - 2K - Match Info - Similar pages
11-50A-20
Section 11-50A-20 Trust agreement. In the discretion of the authority, any issue of bonds may
be secured by a trust agreement or indenture made by the authority with a corporate trustee,
which may be any trust company or bank within or without the state having the powers of a
trust company. The trust agreement or indenture may pledge or assign any revenues to be received
by the authority and any proceeds which may be derived from the disposition of any real or
personal property of the authority or proceeds of insurance carried thereon. The resolution
providing for the issuance of bonds and the trust agreement or indenture may contain any provisions
the authority deems necessary or appropriate for protecting and enforcing the rights and remedies
of the bondholders, including the right of appointment of a receiver upon default in the payment
of any principal or interest obligation and the right of any receiver or trustee to enforce
collection of any rates, fees, tolls, charges, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-20.htm - 3K - Match Info - Similar pages
22-23A-1
Section 22-23A-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. The corporation organized pursuant to the provisions of this chapter as a public
corporation, agency and instrumentality of the state and known as the "Alabama Water
System Assistance Authority." (2) AUTHORIZING RESOLUTION. A resolution or order adopted
by the board of directors of the authority authorizing the issuance of bonds by the authority
pursuant to this chapter. (3) BOARD OF DIRECTORS. The board of directors of the Alabama Water
System Assistance Authority. (4) BONDS. The "Water System Assistance Bonds," notes
or obligations or other evidences of indebtedness issued by the authority under the provisions
of this chapter. (5) BOND PROCEEDS. The direct proceeds of sale of bonds or notes, and the
income derived from the investment of such proceeds. (6) COMMUNITY WATER SYSTEM. A...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23A-1.htm - 1K - Match Info - Similar pages
22-34-1
Section 22-34-1 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. The corporation organized pursuant to the provisions of this chapter as a public
corporation, agency and instrumentality of the state and known as the "Alabama Water
Pollution Control Authority." (2) AUTHORIZING RESOLUTION. A resolution or order adopted
by the board of directors of the authority authorizing the issuance of bonds by the authority
pursuant to this chapter or by a public body. (3) BOARD OF DIRECTORS. The board of directors
of the Alabama Water Pollution Control Authority. (4) BONDS. The "Water Pollution Control
Bonds," notes or obligations or other evidence of indebtedness issued by the authority
under the provisions of this chapter. (5) BOND PROCEEDS. The direct proceeds of sale of bonds
or notes, and the income derived from the investment of such proceeds. (6) DEPARTMENT....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-34-1.htm - 2K - Match Info - Similar pages
|