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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the
agency shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in
its corporate name. b. May sue and be sued in its corporate name. c. May adopt, use and alter
a corporate seal, which shall be judicially noticed. d. May enter into such contracts and
cooperative agreements with the federal, state and local governments, with agencies of such
governments, with private individuals, corporations, associations, trusts and other organizations
as the board may deem necessary or convenient to enable it to carry out the purposes of this
chapter, including the planned, orderly residential development of the area. e. May adopt,
amend and repeal bylaws. f. May appoint such managers, officers, employees, attorneys and
agents as the board deems necessary for the transaction of its business, fix their compensation,
define their duties, require bonds of such of them as the board may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-12-5.htm - 18K - Match Info - Similar pages
11-89B-2
Section 11-89B-2 Form, terms, denominations, etc. of bonds; execution and delivery;
interest; sale; issuance of refunding bonds; liability on bonds; source of payment; use of
proceeds; mortgage, deed of trust, etc., containing certain agreements. All bonds issued pursuant
to the provisions of this chapter shall be signed by the chairman of the board of directors
or other governing body or other chief executive officer of such public corporation and attested
by its secretary and the seal of such public corporation shall be affixed thereto; provided,
that a facsimile of the signatures of both of the officers whose signatures will appear on
the bonds may be imprinted or otherwise reproduced thereon in lieu of being manually signed
if the proceedings in which the bonds are authorized to be issued provide for the manual authentication
of such bonds by a trustee, registrar or paying agent; provided further, that a facsimile
of the seal of such public corporation may be imprinted or otherwise...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89B-2.htm - 6K - Match Info - Similar pages
40-12-270
Section 40-12-270 Disbursement of net proceeds from license taxes and registration fees;
Secondary Road Committee created. (a) The moneys collected each month by the judge of probate
from motor vehicle license taxes and registration fees, after deducting therefrom the amounts
referred to in subdivisions (1) and (2) of subsection (a) of Section 40-12-269, the
moneys remaining after making the said deductions being referred to in this section
as "the net proceeds," shall be disbursed by the judge of probate as follows: (1)
That portion of the net proceeds that consists of additional amounts paid under the schedule
of additional amounts set forth in subsection (b) of Section 40-12-248 shall be remitted
by the judge of probate to the State Treasurer who shall distribute said amounts as follows:
a. 64.75 percent of said amounts shall be distributed by the State Treasurer to the State
of Alabama; b. 35.25 percent of said amounts shall be apportioned and distributed by the State
Treasurer...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-12-270.htm - 12K - Match Info - Similar pages
33-2-184
Section 33-2-184 Docks facilities revenue bonds and refunding bonds - Execution. The
docks facilities revenue bonds and refunding bonds shall be signed by the director and attested
by the secretary-treasurer of the department, and all interest coupons (if any) applicable
to the docks facilities revenue bonds or refunding bonds shall be signed by the director;
provided, that a facsimile of the signatures of either or both of said officers may be printed
or otherwise reproduced on any of the docks facilities revenue bonds or refunding bonds in
lieu of their being manually signed, and a facsimile of the director's signature may be printed
or otherwise reproduced on any of the interest coupons in lieu of their being manually signed.
The seal of the department shall be impressed on the docks facilities revenue bonds and refunding
bonds, provided that a facsimile of the said seal may be printed or otherwise reproduced on
any of the docks facilities revenue bonds or refunding bonds in lieu of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-184.htm - 1K - Match Info - Similar pages
33-2-194
Section 33-2-194 Docks facilities revenue bonds and refunding bonds - Covenant by department
to maintain charges and other fees. For the benefit of the holders from time to time of the
docks facilities revenue bonds and the refunding bonds herein authorized, and in order to
secure maximum prices for said bonds, and in consideration of the purchase and acceptance
of said bonds by such holders, the department may, in any order of the director authorizing
the issuance of docks facilities revenue bonds or refunding bonds, irrevocably covenant and
agree that while any of such docks facilities revenue bonds or refunding bonds are outstanding
and unpaid, all charges, including special handling and processing charges, tariffs, surcharges,
and other fees of the department shall be maintained at such levels as the department shall
specify. (Acts 1984, No. 84-412, p. 963, ยง15.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-194.htm - 1K - Match Info - Similar pages
11-50A-1
Section 11-50A-1 Definitions. As used in this chapter, the following words shall have
the following meanings unless the context clearly indicates otherwise: (1) AUTHORITY. Alabama
Municipal Electric Authority created pursuant to this chapter and any successor or successors
thereto. (2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by
the authority under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION
NOTES. Short term obligations issued by the authority in anticipation of the issuance of bonds.
(5) COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment,
alteration, repair, or extension of any project; all costs of real and personal property required
for the purposes of any project, including any rights or undivided interest therein; all costs
of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates,
and all costs of securing any permits, approvals, licenses,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-1.htm - 9K - Match Info - Similar pages
33-13-10
Section 33-13-10 Bonds - State Docks Facilities Reserve Fund. There is hereby created
a special fund to be designated the State Docks Facilities Reserve Fund, which shall be held
in and constitute a part of the State Treasury and which shall be maintained until the principal
of and interest on the bonds (or any refunding bonds that may hereafter be issued to refund
any of the bonds) shall have been paid in full. As promptly as may be practicable following
each fiscal year of the state, commencing with the fiscal year ending September 30, 1976,
the state docks director shall determine the number of tons (each ton to be deemed to constitute
2,000 pounds) of general cargo that was handled by the State Docks Department during the said
fiscal year. Not later than 90 days after the end of each such fiscal year, the State Docks
Department shall pay into the said special fund whichever is the smaller of the following:
(1) An amount equal to $.03 for each ton (i.e., 2,000 pounds) of general...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-13-10.htm - 3K - Match Info - Similar pages
41-9-355
Section 41-9-355 Loan from State Docks Department; commission may borrow from banks
pending such loan and pledge loan as security; $50,000.00 outstanding indebtedness forgiven.
(a) At such time as existing revenue bond covenants of the Alabama State Docks Department
are satisfied as a result of any refunding of revenue bond issues of the Alabama State Docks
Department that are outstanding as of August 1, 1963, the Alabama State Docks Department shall
loan $50,000.00 to the USS Alabama Battleship Commission from the trust fund that will be
released to the Alabama State Docks Department as a result of said refunding. This loan shall
be repaid to the Alabama State Docks Department from the proceeds of the first revenue issue
authorized under this article. Pending said loan from the Alabama State Docks Department from
the released trust fund, the USS Alabama Battleship Commission is hereby authorized to borrow
from any bank or banks in the state of Alabama such sums up to $50,000.00 as are...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-355.htm - 1K - Match Info - Similar pages
33-13-9
Section 33-13-9 Bonds - Generally. There are hereby authorized to be issued bonds of
the state in aggregate principal amount not exceeding $45,000,000.00 for the purpose of paying
costs of the development, construction, improvements, expansion and modernization (or any
of them) of the State Docks Department at the Port of Mobile. The bonds hereby authorized
shall be general obligations of the state, and the full faith, credit and taxing powers of
the state are hereby irrevocably pledged for the prompt and faithful payment of the principal
thereof and the interest thereon. The bonds may be sold from time to time as the board of
directors may deem advantageous; provided, that no bonds (other than refunding bonds) may
be sold or issued unless the Governor shall have first determined that the issuance of the
bonds proposed to be issued will be necessary to enable the authority to promote, develop,
construct, improve, expand and modernize the state docks facilities. Except as hereinafter...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-13-9.htm - 7K - Match Info - Similar pages
16-18A-5
Section 16-18A-5 Revenue bonds - Issuance; negotiable, forms, terms, etc.; refunding
bonds; security. The authority shall have power and is hereby authorized from time to time
to provide by resolution for the issuance of negotiable revenue bonds for the purpose of paying
all or any part of the cost as herein defined of any of its projects. Such bonds may also
be issued to pay off, refund or refinance any outstanding bonds or other obligation of any
nature owed by the authority, whether or not such revenue bonds or other obligations shall
then be subject to redemption, and the authority may provide for such arrangements as it may
determine for the payment and security of the revenue bonds being issued or for the payment
and security of the revenue bonds or other obligations to be paid off, refunded or refinanced.
The principal, premium, if any, and interest of such revenue bonds shall be payable solely
from the revenues, receipts and earnings to be received by the authority in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18A-5.htm - 5K - Match Info - Similar pages
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