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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...
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26-2A-20
Section 26-2A-20 General definitions. As used in this chapter the following terms shall
have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) CLAIMS. In respect of a protected person, includes liabilities of the protected person,
whether arising in contract, tort, or otherwise, and liabilities of the estate which arise
at or after the appointment of a conservator, including expenses of administration. (2) CONSERVATOR.
A person who is appointed by a court to manage the estate of a protected person and includes
a limited conservator described in Section 26-2A-148(a). (3) COURT. A probate court
of this state. (4) COURT REPRESENTATIVE. A person appointed in a guardianship or protective
proceeding who is trained in law, nursing, or social work, is an officer, employee, or special
appointee of the court, and has no personal interest in the proceeding. (5) DISABILITY. Cause
for a protective order as described in Section 26-2A-130. (6) ESTATE. Includes...
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37-16-7
Section 37-16-7 Civil action by owner of interest in real property subject to easement;
damages; condemnation; receipt of rights by grant or agreement; motice of installation; liability.
(a) If the owner of an interest in real property subject to an electric easement contends
that the owner's property has been taken, injured, or destroyed by the construction, installation,
use, or enlargement of broadband systems within the electric easement on the owner's property
and the electric easement does not expressly provide for such, the owner may file a civil
action in the circuit court for the county in which the property is located to recover damages
as specified by this section. All such actions must be brought within three years after
the later of: (1) August 1, 2019; or (2) the date broadband systems are first constructed
or installed within the electric easement on the owner's real property. Nothing in this chapter
shall revive any right or remedy which may have become barred by lapse...
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11-101A-14
Section 11-101A-14 Securities payable out of revenues from projects, properties, etc.,
indenture may contain agreements; liens. (a) Securities issued by an authority shall not be
general obligations of the authority but shall be payable solely out of the revenues from
any project or other properties or assets, including, without limitation, proceeds from the
securities, investment income and insurance, and condemnation proceeds, owned by it, all as
may be provided or specified in the resolution of the board authorizing the securities or
the indenture under which issued. The principal of and interest, and premium, if any, on any
securities issued by the authority shall be secured by a pledge of the revenues out of which
the same are payable and may be secured by an indenture conveying as security for the securities
all or any part of its property, which indenture may be subject to foreclosure. (b) Any indenture
executed on behalf of the authority and any resolution of the board...
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11-101A-8
Section 11-101A-8 Powers of authority. (a) In addition to all other powers granted elsewhere
in this chapter, and subject to the express provisions of its certificate of incorporation,
an 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, specified in its certificate of
incorporation, or until dissolved as provided in Section 11-101A-24. (2) To sue and
be sued in its own name in civil suits and actions, and to defend suits and actions against
it, subject, however, to Chapter 93 of this title, which chapter is hereby made applicable
to the authority. (3) To adopt, alter, amend, and repeal bylaws, regulations, and rules for
the regulation and conduct of its affairs and business. (4) To adopt and make use of a corporate
seal and to alter the same at pleasure. (5) To acquire, whether by purchase,...
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11-94-9
Section 11-94-9 Powers of authority; location of projects. (a) An authority organized
and existing under this chapter shall have the following powers, together with all powers
incident thereto or necessary for the performance of those stated herein: (1) To adopt bylaws
for the regulation of its affairs and the conduct of its business; (2) To adopt an official
seal and alter the same at pleasure; (3) To maintain a principal office in the municipality
which is an authorizing subdivision and sub-offices at such other place or places within the
county which is an authorizing subdivision as its board may designate; (4) To sue and be sued
in its own name, excepting actions in tort against the authority; (5) To acquire, whether
by purchase, construction, exchange, gift, lease, or otherwise and to improve, equip, and
furnish and to own and maintain one or more projects or parts thereof, including all real
and personal properties and interests therein which its board may deem necessary in...
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22-21-318
Section 22-21-318 Powers of authority. (a) In addition to all other powers granted elsewhere
in this article, and subject to the express provisions of its certificate of incorporation,
an 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, specified in its certificate of
incorporation or until dissolved as provided in Section 22-21-339; (2) To sue and be
sued in its own name in civil suits and actions, and to defend suits and actions against it,
including suits and actions ex delicto and ex contractu, subject, however, to the provisions
of Chapter 93 of Title 11, which chapter is hereby made applicable to the authority; (3) To
adopt and make use of a corporate seal and to alter the same at pleasure; (4) To adopt, alter,
amend and repeal bylaws, regulations and rules, not inconsistent with the...
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27-41-29
Section 27-41-29 Particular investments - Bonds, etc., secured by mortgages or deeds
of trust on real property, etc., generally. An insurer may invest in: (1) Bonds, notes, or
other evidences of indebtedness which are secured by a first mortgage lien or deed of trust
upon unencumbered improved real property located in the United States or Canada, including
leasehold estates in such real estate having an unexpired term (inclusive of the term or terms
which may be provided by options of renewal) of not less than 10 years beyond the final maturity
of the loan. Unless guaranteed or insured by the Administrator of Veterans Affairs, the Secretary
of Housing and Urban Development, or by a mortgage guaranty insurance policy issued by an
insurance company licensed and authorized to do business by and in the State of Alabama, no
such mortgage loan or loans when made shall exceed 75 percent of the fair value of the real
estate or leasehold, except that loans made on single family dwellings shall...
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43-8-1
Section 43-8-1 General definitions. Subject to additional definitions contained in the
subsequent articles which are applicable to specific articles or divisions, and unless the
context otherwise requires, in this chapter, the following words shall have the following
meanings: (1) BENEFICIARY. As it relates to trust beneficiaries, includes a person who has
any present or future interest, vested or contingent, and also includes the owner of an interest
by assignment or other transfer and as it relates to a charitable trust, includes any person
entitled to enforce the trust. (2) CHILD. Includes any individual entitled to take as a child
under this chapter by intestate succession from the parent whose relationship is involved
and excludes any person who is only a stepchild, a foster child, a grandchild or any more
remote descendant. (3) COURT. The court having jurisdiction in matters relating to the affairs
of decedents. This court in Alabama is known as the probate court. (4) DAYS. That...
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11-54A-9
Section 11-54A-9 Powers of authority; all projects to be in development area. (a) 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 perpetuity, subject to Section 11-54A-20,
specified in its certificate of incorporation. (2) To sue and be sued in its own name and
to 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...
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