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27-41-9
Section 27-41-9 Particular investments - Bonds, etc., of states or counties, municipalities,
school districts, etc., therein generally. An insurer may invest in bonds or other evidences
of indebtedness which are general obligations of or are adequately secured as to both principal
and interest by irrevocable pledge of specific revenues by this state or any other state of
the United States or any county, incorporated city or town, or duly organized school district
or other civil division, governmental unit, or public instrumentality of any such state. Obligations
payable solely out of special assessments on properties benefited by local improvements shall
not be eligible under this section. (Acts 1977, No. 408, p. 530, §9.)...
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11-89-7
specified in its certificate of incorporation; (2) To sue and be sued in its own name in civil
actions, except as otherwise provided in this chapter, and to defend civil 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, whether located in one or more counties
or municipalities and whether located within or outside the service area; (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 purpose for which the district
was organized or to exercise any power expressly granted under this section; (7) To plan,
establish, develop, acquire, purchase, lease, construct, reconstruct,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-7.htm - 11K - Match Info - Similar pages
27-41-10
Section 27-41-10 Particular investments - Bonds, etc., issued by states, counties, municipalities,
etc., to provide funds for public projects, etc. An insurer may invest in bonds and other
evidences of indebtedness which are obligations of any state, county, city, town, village,
municipality, district, or other political subdivision of any state or of any instrumentality
or board thereof or of the United States of America issued to provide funds for public projects,
or for refunding of bonds issued for such purposes, which are revenue producing and self-supporting
if such obligations are secured by a lien on such revenues to pay principal and interest and
the issuing body is required to charge adequate rates for the services so provided to pay
all charges against the project, including principal and interest on all indebtedness outstanding
against the project. (Acts 1977, No. 408, p. 530, §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-41-10.htm - 1K - Match Info - Similar pages
11-62-11
Section 11-62-11 Investment in bonds and notes by state, counties, municipalities, etc. The
notes and bonds of any authority shall be legal investments in which the state and its agencies
and instrumentalities, all counties, municipalities, and other political subdivisions of the
state and public corporations organized under the laws thereof, all insurance companies and
associations and other persons carrying on an insurance business, all banks, savings banks,
savings and loan associations, trust companies, credit unions, and investment companies of
any kind, all administrators, guardians, executors, trustees, and other fiduciaries and all
other persons whatsoever who are now or may hereafter be authorized to invest in bonds or
other obligations of the state may properly and legally invest funds in their control or belonging
to them. (Acts 1979, No. 79-332, p. 506, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-11.htm - 1K - Match Info - Similar pages
27-41-19
an interest in manufacturing, mining, or generating machinery and equipment located wholly
within the United States evidencing a right to receive determined portions of rental, purchase,
or other fixed obligatory payments for the use or purchase of such machinery and equipment.
(c) An insurer may invest in notes, bonds, debentures, or evidences of indebtedness secured
by a lease of manufacturing, mining, computer equipment, or generating machinery and equipment
or a lease of other tangible personal property or by a contract or by an agreement
requiring aggregate payments sufficient to pay all fixed charges, including maintenance, upkeep
and repair, insurance charges and taxes, and to pay the installments of principal and interest
and any other payments required by the instrument evidencing the indebtedness. (d) The lessee
or party contracting or agreeing to make such payments under subsections (a), (b), or (c)
of this section must be the United States or an agency thereof, a state of...
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11-81-220
Section 11-81-220 Definitions. As used in this article, the following words and phrases shall
have the following meanings respectively, unless the context clearly indicates otherwise:
(1) UNIT. Any public corporation organized in this state pursuant to authorization or determination
by any municipality or municipalities or county or counties or a municipality and a county
or by any combination of municipalities and counties or by the governing body of any one or
more thereof and shall include also any county board of education and any city board of education.
(2) ORGANIZING SUBDIVISION. With respect to any unit, each municipality or county which may
have granted authorization or made determinations respecting the incorporation of the unit
or the governing body of which may have granted such authorization or made such determinations
and, in the case of a board of education, the county or city with respect to which such board
of education is organized. (3) OBLIGATIONS. Bonds, warrants,...
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41-9-62
of board generally; employees of municipalities, counties, etc., not within jurisdiction of
board, etc. (a) The Board of Adjustment shall have the power and jurisdiction and it shall
be its duty to hear and consider: (1) All claims for damages to the person or property growing
out of any injury done to either the person or property by the State of Alabama or
any of its agencies, commissions, boards, institutions or departments, with the exception
of claims by employees of the state for personal injury or death arising out
of the course of employment with the State of Alabama, where such employees are covered by
an employee injury compensation program; (2) All claims for personal injuries
to or the death of any convict, and all claims for personal injuries to or the death
of any employee of a city or county board of education, or college or university, arising
out of the course of the employee's employment and where the employee is not covered by a
worker's compensation...
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11-49A-8
subject to the provisions of Section 11-49A-20) specified in its certificate of incorporation;
(2) To sue and be sued in its own name in civil suits and actions and to defend suits 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, whether located in one or more counties
or municipalities and whether located within or outside the authorizing municipality; (6)
To make, enter into, and execute such contracts, agreements, leases, and other instruments
and to take other actions as may be necessary or convenient to accomplish any purpose for
which the authority was organized or to exercise any power expressly granted hereunder; (7)
To plan, establish, develop, acquire, purchase, lease, construct, reconstruct,...
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11-99B-7
Section 11-99B-7 Powers of district generally; power of district to acquire and operate projects;
provisions in schedules of rates and charges generally. Each district 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 11-99B-15, specified in its
certificate of incorporation. (2) To sue and to be sued in its own name in civil actions,
and to defend civil actions against it; provided, that the district shall be deemed to be
a "governmental entity" as defined in Chapter 93 of this title, for the purposes
of limiting the damages for which the district and its members may be liable. (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,...
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45-49A-64.07
be perpetual, subject to Section 45-49A-64.19) specified in its certificate of incorporation.
(2) To sue and be sued in its own name in civil suits and actions and to defend suits 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, whether located in one or more counties
or municipalities and whether located within or outside the authorizing municipality. (6)
To make, enter into, and execute such contracts, agreements, leases, and other instruments
and to take other actions as may be necessary or convenient to accomplish any purpose for
which the authority was organized or to exercise any power expressly granted hereunder. (7)
To plan, establish, develop, acquire, purchase, lease, construct, reconstruct,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-64.07.htm - 8K - Match Info - Similar pages
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