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2-3A-30
Section 2-3A-30 Issuance of bonds; obligation of state; proceeds; specifications. In order
to implement Constitutional Amendment 618 authorizing the issuance by the state of $52,000,000
in principal amount of its general obligation bonds, which amendment was proposed by Act 98-378
of the 1998 Regular Session of the Legislature, the Alabama Agricultural Development Authority
shall, in addition to all other powers that may be exercised by said authority, have the power
to issue and sell for the state, subject to the approval of the Governor, interest bearing
general obligation bonds of the state not in excess of $52,000,000 in principal amount, as
authorized by said amendment. Such bonds shall not be obligations of said authority but shall
be general obligations of the State of Alabama with the full faith and credit and taxing power
of the state to be pledged to the prompt and faithful payment of the principal thereof and
the interest and redemption premium (if any) thereon. The proceeds...
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41-10-497
Section 41-10-497 Powers generally. The authority shall have the following powers among others
specified in this article: (1) To have succession in its corporate name until the principal
of and interest on all bonds issued by it shall have been fully paid and until it shall have
been dissolved as provided herein; (2) To maintain actions and have actions maintained against
it and to prosecute and defend in any court having jurisdiction of the subject matter and
of the parties thereof; (3) To have and to use a corporate seal and to alter such seal at
pleasure; (4) To establish a fiscal year; (5) To acquire and hold title to real and personal
property and to sell, convey, mortgage or lease the same as provided in this article; (6)
To provide for the construction, reconstruction, alteration and improvement of facilities
and for the procurement of sites and equipment for such facilities and for the lease thereof;
(7) To lease facilities to the state, or any agency or instrumentality of the...
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45-38-141.07
Section 45-38-141.07 Power to contract. (a) As security for payment of the principal of and
interest on bonds or obligations assumed by it, the authority may enter into a contract or
contracts binding itself for the proper application of the proceeds of bonds and other funds,
for the continued operation and maintenance of any water system and fire protection facilities
owned by it or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from any such system or facility, for the disposition and application of its gross revenues
or any part thereof and for any other act or series of acts not inconsistent with this part
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system or facility will be sufficient to operate such system or facility,
maintain the same in good repair and in good operating condition, pay the...
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2-3A-50
Section 2-3A-50 Issuance of bonds; obligation of state; proceeds; specifications. In order
to implement Constitutional Amendment 619 authorizing the issuance by the state of five million
seven hundred thousand dollars ($5,700,000) principal amount of its general obligation bonds,
which amendment was proposed by Act 98-412 of the 1998 Regular Session of the Legislature,
the Alabama Agricultural Development Authority shall, in addition to all other powers that
may be exercised by said authority, have the power to issue and sell for the state, subject
to the approval of the Governor, interest bearing general obligation bonds of the state not
in excess of five million seven hundred thousand dollars ($5,700,000) in principal amount,
as authorized by said amendment. Such bonds shall not be obligations of said authority but
shall be general obligations of the State of Alabama with the full faith and credit and taxing
power of the state to be pledged to the prompt and faithful payment of the...
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23-1-175.1
Section 23-1-175.1 Infrastructure improvements. (a) In order to accomplish infrastructure improvements
contemplated for the benefit of the Alabama State Docks, the Alabama Highway Finance Corporation
shall have the following powers, in addition to all powers set forth in this article. (1)
To borrow money and issue its bonds in evidence thereof, in a principal amount not to exceed
one hundred fifty million dollars ($150,000,000), for the purpose of financing the widening
and deepening of the Mobile Ship Channel and improvements related thereto. No bond issued
by the corporation for this purpose shall have a specified maturity date later than twenty
years after its issuance date. (2) To issue from time to time one or more series of refunding
bonds for the purpose of refunding any bonds issued pursuant to subdivision (1) or bonds previously
issued to refund such bonds, in any case, however, having a final maturity that is not later
than the final maturity of the bonds being refunded. (3)...
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33-2-120
Section 33-2-120 Definitions. The words and phrases hereinafter set forth, wherever used in
this article, shall have the respective meanings hereinafter ascribed to them: (1) 1967 DOCKS
AMENDMENT. Amendment 274 of the Constitution of Alabama. (2) 1957 DOCKS AMENDMENT. Amendment
116 of the Constitution of Alabama. (3) THE STATE. The State of Alabama. (4) THE DEPARTMENT.
The Alabama State Docks Department and any department or agency of the state that may succeed
to its duties. (5) FACILITIES. Elevators, warehouses, docks, water and rail terminals, wharves,
piles, quays, compresses, storm haven facilities for all types of watercraft, channels between
navigable waterways of the state for the purpose of connecting such waterways and aiding the
use thereof, and other related structures, facilities and improvements, that may be needed
for the convenient use of the same. (6) 1957 DOCKS ACT. Article 1 of this chapter. (7) 1959
DOCKS ACT. Article 2 of this chapter. (8) 1961 DOCKS ACT. Article 3...
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33-2-183
Section 33-2-183 Docks facilities revenue bonds and refunding bonds - Generally. The docks
facilities revenue bonds and the refunding bonds shall be in such forms and denominations
and of such tenor and maturities (either serial or term or a combination thereof), provided
that no docks facilities revenue bond or refunding bond shall have a specified maturity date,
including sinking fund redemptions, later than 30 years after its date, shall bear such rate
or rates of interest (including a zero rate of interest) payable and evidenced in such manner,
and may contain other provisions not inconsistent with this article, all as may be provided
in the order or orders of the director in which the docks facilities revenue bonds or the
refunding bonds, respectively, are authorized to be issued; provided, that no such order shall
be valid without the written approval of the Governor. Notwithstanding any other provision
of this article to the contrary, the director may, in connection with the...
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33-2-60
Section 33-2-60 Definitions. The words and phrases hereinafter set forth, wherever used in
this article, shall have the respective meanings hereinafter ascribed to them. These definitions
shall include both the singular and the plural. (1) 1957 DOCKS AMENDMENT. Amendment 116 of
the Constitution of Alabama. (2) THE STATE. The State of Alabama. (3) THE DEPARTMENT. The
Alabama State Docks Department and any department or agency of the state that may succeed
to its duties. (4) DOCK FACILITIES. Docks and all kinds of dock facilities, including elevators,
warehouses, water and rail terminals, wharves, piles, quays, compresses, storm haven facilities
for all types of watercraft, channels between navigable waterways of the state for the purpose
of connecting such waterways and aiding the use thereof and other related structures, facilities
and improvements that may be needed for the convenient use of the same. (5) 1957 DOCKS ACT.
Article 1 of this chapter. (6) 1959 DOCKS ACT. Article 2 of this...
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41-10-307
Section 41-10-307 Powers of authority. The authority shall have the following powers among
others specified in this article: (1) To have succession in its corporate name until the principal
of and interest on all bonds issued by it shall have been fully paid and until it shall have
been dissolved as provided herein; (2) To maintain actions and have actions maintained against
it and to prosecute and defend in any court having jurisdiction of the subject matter and
of the parties thereof; (3) To have and to use a corporate seal and to alter such seal at
pleasure; (4) To establish a fiscal year; (5) To acquire and hold title to real and personal
property and to sell, convey, mortgage or lease the same as provided in this article; (6)
To provide for the construction, reconstruction, alteration and improvement of facilities
and for the procurement of sites and equipment for such facilities and for the lease thereof;
(7) To lease facilities to the state, the commission or any other agency or...
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41-10-514
Section 41-10-514 Leasing to state agencies. (a) The authority is hereby authorized to enter
into one or more leases of all or any part or portion of the facilities constructed, acquired,
reconstructed, renovated or improved by the authority under the provisions of this article,
to any agency of the state. Any agency of the state and each of them is hereby authorized
to lease any such facilities from the authority. No such lease shall, however, be for a term
longer than the then current fiscal year of the state, but any such lease may contain a grant
to any state agency of successive options of renewing said lease on the terms specified therein
for any subsequent fiscal year or years of the state; provided, that liability for the payment
of rent shall never be for a term longer than one fiscal year. (b) Rent payments by the state,
or any of its agencies shall be due and payable at such time or times as shall be specified
in the lease respecting the facilities leased and shall, upon...
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