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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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24-7-3
Section 24-7-3 Powers and duties; applicable laws; power of appointment. The authority is hereby
authorized: (1) To undertake research and studies and analyses of housing needs in Mobile
and Washington Counties, and 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, wages 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) To enter into contracts with cities, towns, counties,
and other housing authorities in the state for the purpose of carrying out the provisions
of this chapter; (3) To establish rentals and select tenants in low income rental housing
projects under its jurisdiction; (4) To issue bonds, notes, and other evidence of...
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41-10-94
Section 41-10-94 Notice of resolution authorizing issuance of bonds; limitation period for
actions contesting validity of bonds, etc. (a) Upon the adoption by the board of any resolution
providing for the issuance of bonds, the corporation may, in its discretion, cause to be published
once a week for two consecutive weeks in a newspaper published in the county a notice in substantially
the following form (the blanks being properly filled in) at the end of which shall be printed
the name and title of either the chairman or secretary of the corporation: "Notice of
proposed issuance of revenue bonds of _____ (name of corporation). The above named public
corporation which is a political subdivision of the State of Alabama on the _____ day of _____,
adopted a resolution authorizing the issuance of $_____ principal amount of the revenue bonds
of said corporation for ______, which is a project authorized and permitted by the act of
the Legislature of Alabama under which said corporation was...
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6-6-751
Section 6-6-751 Right to file petition to determine validity of obligations. When any unit
desiring to issue any obligations shall hold an election for that purpose in accordance with
the provisions of the Constitution and laws of this state controlling and regulating such
election and the returns of such election shall show prima facie that such election is in
favor of the issuance of such obligations, or when the governing body of any unit, in any
case where an election is not required by the Constitution or laws of this state, shall adopt
any ordinance or resolution or take any other action required by law for the issuance of obligations
of such unit, the governing body of such unit may in its discretion, before the issuance of
any of such obligations, determine its authority to issue such obligations and the legality
of all proceedings had or taken in connection therewith, the validity of the tax or other
means provided for the payment thereof and the validity of all pledges of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-6-751.htm - 1K - Match Info - Similar pages
11-47-210.1
Section 11-47-210.1 Legislative findings and declarations. The Legislature finds and declares
all of the following: (1) Through this article, the Legislature has (i) granted to each municipality
in the state, acting either individually or in cooperation with one or more other municipalities,
the power to acquire, operate, manage, and control parks, playgrounds, and other recreational
or athletic facilities and to authorize the organization of an authority, as a public corporation,
to act on behalf of the municipality or municipalities in providing for the ownership and
management of parks, playgrounds, and other recreational or athletic facilities, (ii) provided
for the organization of the authorities, and (iii) specified certain powers to be enjoyed
by such an authority. (2) In order to facilitate the accomplishment of the legislative objectives
reflected in this article and to provide for a greater degree of mutual cooperation among
separate political subdivisions, it is necessary,...
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11-62-10
Section 11-62-10 Refunding bonds and notes. (a) Any authority may issue refunding bonds or
notes for the purpose of refunding any bonds or notes then outstanding which have been issued
under the provisions of this chapter, including the payment of any redemption premium thereon,
any interest accrued or to accrue to the date of maturity or earlier redemption of such bonds
or notes and any expenses of such refunding, including, without limitation to, attorneys'
fees, costs of printing the refunding bonds or notes, financial advisors' fees and accountants'
fees, and for the purpose of refunding any of its bonds or notes in combination with any other
corporate purpose of such authority. The issuance of such refunding bonds or notes, the maturities
and other details thereof, the rights of the holders thereof and the rights, duties and obligations
of such authority in respect thereof shall be governed by the provisions of this chapter relating
to the issuance of bonds and notes generally, to...
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22-23B-6
provisions of this chapter: To have succession in its corporate name until the principal of
and interest on all bonds issued by it shall have been fully paid; To sue and be sued and
to prosecute and defend, at law and in equity, in any court having jurisdiction of the subject
matter and of the parties thereto; To have and to use a corporate seal and to alter such seal
at pleasure; To establish a fiscal year; To acquire in any manner and to hold title to or
leasehold interests in real and personal property and to sell, convey or lease the
same for purpose of carrying out its functions and duties hereunder; To construct and operate
or lease to or from any public body any one or more projects; To execute agreements obligating
the authority to agree to pay and to pay such portion of the estimated reasonable cost of
the project of each public body as may be required to meet the requirements of the federal
act and the state; To make loans to public bodies and to enter into agreements with...
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33-16-13
Section 33-16-13 Bonds - Disposition of proceeds; investments. The authority shall pay out
of the proceeds from the sale of any of the bonds all expenses which the board of directors
may deem necessary or advantageous in connection with the sale and issuance of the bonds.
The proceeds from the sale of all bonds, other than refunding bonds, remaining after paying
the expenses of their sale and issuance shall be turned in to the State Treasury, shall be
carried in a special fund to be designated the Coosa Valley Development Authority fund, and
shall be subject to be drawn on by the authority, upon approval by the Governor, but solely
for the purpose of discharging the duties and obligations undertaken by the authority in connection
with the waterway project. The proceeds from the sale of any refunding bonds remaining after
the expense of their issuance shall be used only for the purpose of refunding the principal
of outstanding bonds issued hereunder and of paying any premium that may be...
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45-29-90.09
Section 45-29-90.09 Bonds authorized. The authority may: (1) Sell and issue its bonds from
time to time in order to provide funds for any corporate function, use, or purpose, all such
bonds to be payable solely out of the revenues derived from the facilities and other property
of the authority or out of the revenues of any particular facilities and other property of
the authority; and (2) Secure such bonds by a pledge of all or any of the revenues which may
now or hereafter come to the authority from any source, by a mortgage or deed of trust covering
the authority's land or any part thereof, or under the provisions of a trust indenture, or
by a combination of one or more thereof; provided, that all obligations created or assumed
and all bonds issued by the authority shall be solely and exclusively obligations of the authority
and shall not create an obligation or debt of the state or of any county or municipality.
(Act 91-277, p. 517, ยง10.)...
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11-50-262
sale of gas to municipalities authorized. (a) Any waterworks board shall also have the power
to borrow money and to issue revenue bonds as evidence of any money so borrowed, which bonds
shall be payable solely from the revenues derived from the operation of such gas plant and
system. As security for any money so borrowed, together with interest thereon and any obligations
incurred or assumed, the board shall have the power to mortgage, pledge, or otherwise transfer
and convey its real, personal, and mixed property or any part or parts thereof, whether
then owned or thereafter acquired, including its franchises owned and thereafter acquired
and all or any part of the revenues derived from such plant or system or any part thereof.
The instrument whereunder such mortgage or pledge shall be made may contain such agreements
as the board of directors of such corporation shall deem advisable respecting the operation
and maintenance of such property and respecting the rights and duties of...
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