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11-88-50
Section 11-88-50 Payment of cost of improvement by board; specification of cost of improvement.
(a) The board may pay out of the general funds of the authority or any special fund that may
be provided for the purpose such portion of the cost of the proposed improvement as it may
deem proper. (b) The cost of any improvement shall include the expense of the preliminary
and other surveys, the inspection and superintendence of the work, the preparation, publication
and mailing of the notices and resolutions required by this article, the cost of construction,
the printing of bonds, the interest on money borrowed during construction or on bonds when
bonds have been issued in anticipation of the collection of assessments, the preparation of
proceedings authorizing the issuance of bonds under the provisions of this article and the
rendition of the approving opinions with respect thereto and any other expenses necessary
for the completion of such improvement. (Acts 1973, No. 826, p. 1293, ยง8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-50.htm - 1K - Match Info - Similar pages
11-99-8
Section 11-99-8 Financing of project costs. (a) Payment of project costs may be made by any
of the following methods or any combination thereof: (1) Payment from the tax increment fund
of the tax increment district if the purpose of the payment is one provided for in Section
11-99-6 hereof; (2) Payment out of the general funds of the public entity, such payments being
used either directly by the public entity to pay such costs or used by a third party recipient
of such funds to pay such costs if within a Major 21st Century Manufacturing Zone; (3) Payment
out of the proceeds of the sale of warrants, bonds or notes (whether public improvement bonds
or notes, mortgage bonds, notes or certificates, revenue bonds or notes, or otherwise) issued
by the public entity, such payments being used either directly by the public entity to pay
such costs or used by a third party recipient of such funds to pay such costs if within a
Major 21st Century Manufacturing Zone; (4) Payment out of the proceeds...
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24-1-35
Section 24-1-35 Mortgages of authority property in connection with government financed projects.
In connection with any project financed in whole or in part by a government, the authority
shall also have power to mortgage all or any part of its property, real or personal, then
owned or thereafter acquired, and thereby: (1) To vest in a government the right, upon the
happening of an event of default, as defined in such mortgage, to foreclose such mortgage
through judicial proceedings or through the exercise of a power of sale without judicial proceedings,
so long as a government shall be the holder of any of the bonds secured by such mortgage.
(2) To vest in a trustee or trustees the right, upon the happening of an event of default,
as defined in such mortgage, to foreclose such mortgage through judicial proceedings or through
the exercise of a power of sale without judicial proceedings, but only with the consent of
the government which aided in financing the housing project involved....
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24-1-74
Section 24-1-74 Mortgages of authority property in connection with government financed projects.
In connection with any project financed in whole or in part by a government, the authority
shall also have power to mortgage all or any part of its property, real or personal, then
owned or thereafter acquired, and thereby: (1) To vest in a government the right, upon the
happening of an event of default, as defined in such mortgage, to foreclose such mortgage
through judicial proceedings or through the exercise of a power of sale without judicial proceedings,
so long as a government shall be the holder of any of the bonds secured by such mortgage.
(2) To vest in a trustee or trustees the right, upon the happening of an event of default,
as defined in such mortgage, to foreclose such mortgage through judicial proceedings or through
the exercise of a power of sale without judicial proceedings, but only with the consent of
the government which aided in financing the housing project involved....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-74.htm - 2K - Match Info - Similar pages
27-3-6.1
Section 27-3-6.1 Authority to transact insurance - Kind or combinations of kinds - Closing
or settlement protection. (a) Notwithstanding the provisions of subdivision (3) of Section
27-3-6, a title insurer may issue closing or settlement protection to a person who is a party
to a transaction in which a title insurance policy will be issued. (b) The form of closing
or settlement protection shall be submitted to and approved by the commissioner. (c) The closing
or settlement protection may indemnify a person only against loss of closing or settlement
funds because of one of the following acts of a settlement agent, such as a title insurance
agent or other settlement service provider which has been approved by the title insurer for
such protection, under the terms and conditions of the closing protection as approved by the
commissioner: (1) Theft or misappropriation of settlement funds in connection with a transaction
in which a title insurance policy or title insurance policies will be...
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33-1-1
Section 33-1-1 State may engage in promoting, constructing, operating, etc., harbors and ports;
expenditure of funds to entertain customers, etc., authorized; audit and accounting of certain
expenditures. The State of Alabama may engage in, through the agency of the Alabama State
Port Authority provided and designated by law, works of internal improvement, and of promoting,
developing, constructing, maintaining and operating all harbors, seaports or riverports within
the state or its jurisdiction, including the acquisition or construction, maintaining and
operating at seaports and riverports of harbor watercraft and terminal railroads, as well
as all other kinds of terminal facilities. Such work or improvement and facilities shall be
under the management and control of the state through the governing agency provided and designated
by law. The Alabama State Port Authority in further promoting harbors, seaports and riverports
within the state, through its director, and such employees as...
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10A-3-2.12
Section 10A-3-2.12 Board of directors; committees. If the governing documents of a nonprofit
corporation so provide, the board of directors, by resolution adopted by a majority of the
directors in office, may designate and appoint one or more committees each of which shall
consist of two or more directors, which committees, to the extent provided in the resolution,
or in the governing documents of the nonprofit corporation, shall have and exercise all the
authority of the board of directors, except that no committee shall have the authority of
the board of directors in reference to amending, altering, or repealing the bylaws; electing,
appointing, or removing any member of any committee or any director or officer of the corporation;
amending the certificate of formation, restating the certificate of formation, adopting a
plan of merger or adopting a plan of consolidation with another nonprofit corporation or other
entity authorizing the conversion of the nonprofit corporation into...
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11-81-246
Section 11-81-246 Assessment lien; enforcement. (a) An assessment under this article and any
interest or penalties on the assessment: (1) Is a lien against the real property on which
the assessment is imposed from the date on which the notice of contractual assessment is recorded.
(2) Subject to the requirement in Section 11-81-245(a)(1) to obtain and record in the proper
recording office an executed consent and subordination agreement from existing mortgagees
and other lienholders, has the same priority status as a lien for any other ad valorem or
non-ad valorem tax. (3) Is a lien that runs with the real property, and the portion of the
assessment under the assessment contract that has not yet become due is not eliminated by
foreclosure of a property tax lien. (b) The assessment lien may be enforced by the local government
in the same manner that an ad valorem or non-ad valorem tax lien against real property may
be enforced by the local government with all redemption rights provided...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-246.htm - 2K - Match Info - Similar pages
11-88-43
Section 11-88-43 Adoption of resolution by board describing improvement, property benefited,
etc., and directing drawing, etc., of details, drawings, plans, etc. When the board shall
determine to make an improvement, the cost of which or any part thereof it is proposed to
assess against the property abutting on or drained, served, or otherwise specially benefited
or increased in value by the said improvement, it shall adopt a resolution to that effect,
describing the property to be drained, served, or benefited by such improvement and define
the same by naming the streets, avenues, alleys, or other lines by which the same is bounded
or shall describe the frontage of the property abutting on, or drained, served, or benefited
by such improvement. The said resolution shall also describe the nature and extent of the
work and the general character of the materials to be used and shall direct that full details,
drawings, plans, specifications, and surveys of the said work and estimates be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-43.htm - 1K - Match Info - Similar pages
23-2-153
Section 23-2-153 Exemptions from levy, charge, assessment, collection, etc., of certain taxes;
certificate of exemption. (a) The exercise of the powers granted by this article shall be
in all respects for the benefit of the people of the state, for the increase of their commerce
and prosperity, and for the improvement of their health and living conditions. Since the ownership,
operation, and maintenance of toll road, bridge, or tunnel projects by the authority will
constitute the performance of essential functions, the authority, department, and any concessionaire,
or any contractor, subcontractor, or agent thereof, shall not be required to pay the taxes
or assessments as specifically authorized in this section upon any toll road, bridge, or tunnel
project or any property acquired or used by the authority, department, or any concessionaire
under this article. (b) An income, excise, or license tax or assessment may not be levied
upon or collected in the state with respect to any...
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