Code of Alabama

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9-10-36
Section 9-10-36 Issuance of bonds; issuance of notes and renewal notes; redemption of notes
or bonds; liability on notes or bonds; disposition of proceeds from sale of bonds; issuance
of interim receipts, etc. (a) Any such corporation is hereby authorized to provide by resolution
for the issuance of bonds of the corporation for any of its corporate purposes, including
the refunding of its bonds. The principal of and the interest on any issue of such bonds shall
be payable solely from, and may be secured by a pledge of, tolls, rentals, sales receipts
and other revenues of all or any part of the project or projects financed in whole or in part
with the proceeds of such bond issue or with the proceeds of bonds refunded or to be refunded
by such issue. The proceeds of any such bonds may be used or pledged for the payment or security
of the principal or of the interest on bonds and for the establishment of any or all reserves
for such payment or security or for other corporate purposes as...
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10A-20-7.04
Section 10A-20-7.04 Powers of corporation. In furtherance of its purposes and in addition to
the powers now or hereafter conferred on business corporations by Alabama statutes, the corporation
shall, subject to the restrictions and limitations contained in this section, have the following
powers: (1) To elect, appoint, and employ officers, agents, and employees to make contracts
and incur liabilities for any of the purposes of the corporation; provided, that the corporation
shall not incur any secondary liability by way of guaranty or endorsement of the obligations
of any person, firm, corporation, joint stock company, association, or trust or in any other
manner. (2) To borrow money from its members and the small business administration and any
other similar federal agency for any of the purposes of the corporation, to issue therefor
its bonds, debentures, notes, or other evidences of indebtedness, whether secured or unsecured,
and to secure the same by mortgage, pledge, deed of...
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23-2-156
Section 23-2-156 Rules and regulations governing use of toll roads, etc.; violations; penalties;
law enforcement. (a) The authority is hereby authorized to promulgate reasonable rules and
regulations with respect to the use of any toll road, bridge, or tunnel project. The rules
and regulations shall relate to vehicular speeds, loads, weights and sizes, safety devices,
rules of the road, and any other matters as may be necessary and proper to regulate traffic
in the interest of safety and the maximum convenience of the persons using the project. The
rules and regulations shall apply according to their terms to all sections of any toll road,
bridge, or tunnel project under the jurisdiction of the authority, and to its structures and
other appurtenances. Insofar as the rules and regulations may be inconsistent with the rules
and regulations of the department or with the laws of the state relating to offenses with
respect to highways, the rules and regulations promulgated by the authority...
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35-4A-5
Section 35-4A-5 Exclusions from statutory rule against perpetuities. Section 35-4A-2, the statutory
rule against perpetuities, does not apply to: (1) a nonvested property interest or a power
of appointment arising out of a nondonative transfer, except a nonvested property interest
or a power of appointment arising out of (i) a premarital or postmarital agreement, (ii) a
separation or divorce settlement, (iii) a spouse's election, (iv) a similar arrangement arising
out of a prospective, existing, or previous marital relationship between the parties, (v)
a contract to make or not to revoke a will or trust, (vi) a contract to exercise or not to
exercise a power of appointment, (vii) a transfer in satisfaction of a duty of support, or
(viii) a reciprocal transfer; (2) a fiduciary's power relating to the administration or management
of assets, including the power of a fiduciary to sell, lease, or mortgage property, and the
power of a fiduciary to determine principal and income; (3) a power...
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45-2A-61.03
Section 45-2A-61.03 Bond issue authorized. (a) In payment for the purchase, lease, construction,
acquisition, extension, or maintenance of such television cable system, the utilities board
may issue its bonds in the manner provided by law. (b) Such utilities board, in order to secure
the prompt and faithful payment of the principal and interest of all debts, bonds, or other
evidences of indebtedness incurred or issued by it for the construction, acquisition, lease,
extension, or maintenance of a television cable system may execute a mortgage or deed of trust
upon any or all of such system and all property used in connection therewith, including the
franchise or any part thereof. (c) Such mortgage or deed of trust may contain such terms,
conditions, covenants, and warranties for the protection of the utilities board and holders
of such bonds or securities issued by such utilities board as may be determined and agreed
upon by the governing body of the utilities board and persons, firms,...
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45-2A-80.03
Section 45-2A-80.03 Bond issue authorized. (a) In payment for the purchase, lease, construction,
acquisition, extension, or maintenance of such television cable system, the municipal corporation
may issue its bonds in the manner provided by law. (b) Such municipal corporation, in order
to secure the prompt and faithful payment of the principal and interest of all debts, bonds,
or other evidences of indebtedness incurred or issued by it for the construction, acquisition,
lease, extension, or maintenance of a television cable system may execute a mortgage or deed
of trust upon any or all of such system and all property used in connection therewith, including
the franchise or any part thereof. (c) Such mortgage or deed of trust may contain such terms,
conditions, covenants, and warranties for the protection of the utilities board and holders
of such bonds or securities issued by such municipal corporation as may be determined and
agreed upon by the governing body of the municipal...
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45-40A-10.04
Section 45-40A-10.04 Funding. (a) In payment for the purchase, construction, acquisition, extension,
or maintenance of the television cable system, the municipal corporation may issue its bonds
in the manner provided by law. (b) The municipal corporation, in order to secure the prompt
and faithful payment of the principal and interest of all debts, bonds, or other evidences
of indebtedness incurred or issued by it for the construction, acquisition, extension, or
maintenance of a television cable system, may execute a mortgage or deed of trust upon any
or all of the system and all property used in connection therewith, including the franchise
or any part thereof. (c) The mortgage or deed of trust may contain the terms, conditions,
covenants, and warranties for the protection of the municipal corporation and holders of the
bonds or securities issued by the municipal corporation as may be determined and agreed upon
by the governing body of the municipal corporation and persons, firms, or...
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45-41A-10.09
Section 45-41A-10.09 Boards of the authority. (a) All bonds issued by the authority shall be
payable solely out of the revenues and receipts derived from the leasing or sale by the board
of its projects or of any thereof as may be designated in the proceedings of the board under
which the bonds shall be authorized to be issued. (b)(1) The principal of and interest on
any bonds issued by the authority shall be secured by a pledge of the revenues and receipts
out of which the same may be payable and may be secured by a mortgage and deed of trust or
trust indenture conveying as security for such bonds all or any part of the property of the
authority from which the revenues or receipts so pledged may be derived. (2) The resolution
under which the bonds are authorized to be issued and any such mortgage and deed of trust
or trust indenture may contain any agreements and provisions respecting the operation, maintenance,
and insurance of the property covered by the mortgage and deed of trust...
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45-48A-61.02
Section 45-48A-61.02 Bond issue authorized. (a) In payment for the purchase, lease, construction,
acquisition, extension, or maintenance of the cable television system, the municipal corporation
may issue its bonds in the manner provided by law. (b) The municipal corporation, in order
to secure the prompt and faithful payment of the principal and interest of all debts, bonds,
or other evidences of indebtedness incurred or issued by it for the construction, acquisition,
lease, extension, or maintenance of a television cable system may execute a mortgage or deed
of trust upon any or all of the system and all property used in the operation, including the
franchise in whole or in part. (c) The mortgage or deed of trust may contain terms, conditions,
covenants, and warranties for the protection of the bond holders or securities issued by the
municipal corporation cable television system, as determined and agreed upon from time to
time by the governing body of the municipal corporation and...
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9-15-100
Section 9-15-100 Disclosure requirements. (a) The state, a county, a municipality, any other
governmental entity, or any quasi-governmental entity, following the purchase of any real
property with public funds for any reason, shall disclose information concerning the purchase
within 60 days following the purchase. If the purchase is tied to a specific economic development
project, disclosure is not required until 60 days following the announcement of the project.
If the purchase is tied to an acquisition for public utility or public works purposes as a
part of a single project or the acquisition of rights-of-way, disclosure is not required until
60 days following the acquisition of the last parcel of property needed for the particular
public utility or public works project or right-of-way line for which the purchases are made.
(b) The disclosure required by subsection (a) shall include appraisal information done on
the property, any contracts related to the purchase, all terms of the...
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161 through 170 of 407 similar documents, best matches first.
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