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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11-50-345
Section 11-50-345 Issuance of revenue bonds authorized; form, terms, denominations, etc.; execution,
sale, etc.; disposition of proceeds from sale of bonds; issuance of interim receipts or temporary
bonds. (a) Any board of water and sewer commissioners created under the provisions of this
article is hereby authorized by resolution, at one time or from time to time, to issue revenue
bonds of the board for the purpose of paying all or any part of the cost of any water system
or sewer system or any combination thereof and the cost of any improvements, extensions, and
additions and for the purpose of refunding any bonds or obligations assumed by the board in
connection with the acquisition of such system or systems or part thereof. The principal of
and the interest on such bonds shall be payable solely from the funds provided by this article
for such payment. The bonds of each issue shall be dated, shall bear interest at such rate
or rates not exceeding 10 percent per annum, shall mature...
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41-10-28
Section 41-10-28 Execution of bonds and interest coupons; form, terms, denominations, etc.,
of bonds; sale; refunding bonds; liability upon bonds; pledges of certain funds as security
for payment of principal and interest on bonds generally; bonds to be deemed negotiable instruments;
bonds and income therefrom exempt from taxation; use of bonds as security for deposits of
funds of state, etc.; investment of certain state funds and private trust funds in bonds;
public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of
bonds. The bonds of the authority shall be signed by its president and attested by its secretary,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to such bonds shall be signed by the president; provided, that a facsimile of the signature
of one, but not both, of said officers may be printed or otherwise reproduced on any such
bonds in lieu of being manually subscribed thereon, a facsimile of the...
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16-60-111.11
Section 16-60-111.11 Additional powers of board. (a) The board may exercise all of the following
powers: (1) To borrow money from the United States of America or any department or agency
thereof, or from any person, firm, corporation, or other lending agency for the purchase,
construction, enlargement, or alteration of any buildings or other improvements, including
dormitories, dining halls, classrooms, laboratories, libraries, stadiums, administration buildings,
and any other buildings and appurtenances thereto suitable for use by the institution or institutions
with respect to which the borrowing is made, or for the benefit of the Alabama Community College
System or one or more of its programs, the acquisition of furniture and equipment for any
thereof, the purchase of land, the beautification of grounds, and the construction of swimming
pools, tennis courts, athletic fields, and other facilities for physical education, all for
use by such institution or institutions, and for the...
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33-10-24
Section 33-10-24 Issuance of bonds. The commission is granted the power to incur debt and issue
bonds by any of the means authorized by the Constitution and laws of the State of Alabama.
Any revenue-producing wharf, dock, warehouse, elevator, industrial facility or other structure
owned by or to be acquired by the commission from proceeds of bonds issued by it is hereby
declared to be a revenue-producing public utility as that term is used and defined by the
Constitution and laws of the state in connection with the issuance of revenue bonds of political
subdivisions of the state. As an additional grant of authority beyond other provisions of
the Constitution, the commission is authorized to issue negotiable bonds for any purpose within
their delegated authority, and to pledge for the payment of the principal and interest of
such negotiable bonds the income and revenues derived or to be derived from the properties
and facilities maintained and operated by them or received by the...
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11-61A-9
Section 11-61A-9 Powers. The authority shall have the following powers, together with all incidental
powers necessary: (1) To have succession by its corporate name for the duration of time (which
may be in perpetuity) specified in its certificate of incorporation. (2) To sue and be sued
in its own name in civil suits and actions. (3) To adopt and make use of a corporate seal
and to alter the seal at pleasure. (4) To adopt and alter bylaws for the regulation and conduct
of its affairs and business. (5) To acquire, receive, take, and hold, whether by purchase,
gift, lease, devise, eminent domain, or otherwise, property of every description, whether
real, personal, or mixed, and to manage the property, and to develop any undeveloped property
owned, leased, or controlled by it. An authority may not acquire or lease real property located
outside the boundaries of the municipality. An authority created under this chapter may not
exercise any power of eminent domain without a concurring...
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23-6-8
Section 23-6-8 Bonds of corporation; annual appropriation from state Public Road and Bridge
Fund. (a) The bonds of the corporation shall be signed by its president and attested by its
secretary and the seal of the corporation shall be affixed thereto or a facsimile thereof
printed or otherwise reproduced thereon. The signatures of both the president and the secretary
on any bonds may be facsimile signatures if the board of directors, in its proceedings with
respect to issuance of the bonds, provides for manual authentication thereof, or manual execution
of certificates of registration thereon, by a trustee, registrar, or paying agent or by named
individuals who are employees of the state assigned to the Finance Department or the State
Treasurer's office. Any bonds of the corporation may be executed and delivered by it at any
time and shall be in the form and denominations and of the tenor and maturities, shall bear
the rate or rates of interest payable and evidenced in such manner, may...
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41-10-142
Section 41-10-142 Bonds - Issuance; form, terms, denominations, etc.; sale; refunding bonds;
negotiable; security for payment. All bonds issued by an authority may be executed by such
officers of the authority and in such manner as shall be provided in the proceedings of the
board whereunder the bonds shall be authorized to be issued. Any such bonds may be executed
and delivered by an authority at any time and from time to time, shall be in such form and
denominations and of such tenor and maturities, shall contain such provisions not inconsistent
with the provisions of this article and shall bear such rate or rates of interest, payable
and evidenced in such manner as may be provided by resolution of its board. Bonds of an authority
may be sold at either public or private sale in such manner and at such price or prices and
at such time or times as may be determined by the board to be most advantageous. The principal
of or interest on any bonds issued or obligations assumed by an...
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41-10-68
Section 41-10-68 Leasing of buildings, facilities and structures. The authority and any person
are hereby authorized to enter into a lease or leases for the use and occupancy of any or
all property of the authority or for the use and occupancy of any space in or all of any buildings
or facilities constructed by the authority under the provisions of this article; provided,
that the proposed use by any such lessee or lessees shall be in furtherance of the purpose
for which the authority is created; provided further, that an adequate rental is established
in said lease or leases. Any executive head of any agency, board, commission, public corporation,
bureau or department of the state is hereby separately authorized to enter into any said lease
with the authority. No free space shall be available to any person on any of the property
or in any of the buildings, facilities and structures of the authority so long as the principal
of or interest on any bonds, including refunding bonds, issued...
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45-37A-56.29
Section 45-37A-56.29 Powers of the authority. (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
in perpetuity, specified in its certificate of incorporation. (2) To sue and be sued in its
own name in civil suits and actions. (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, take, and hold, whether by purchase, gift,
lease, devise, eminent domain, or otherwise, property of every description, whether real,
personal, or mixed, and to manage the property, and to develop any undeveloped property owned,
leased, or controlled by it, provided, however, that no such authority shall acquire or lease
real property located outside the boundaries of the city. (6) To...
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