|
37-13-11
Section 37-13-11 Bonds of authority - Generally. Each authority shall have the power and is
hereby authorized at any time and from time to time to issue and sell its revenue bonds for
any of its corporate purposes. The principal of and the interest on all such bonds shall be
payable solely from, and may be secured by a pledge of, the revenues derived by the authority
from the operation, leasing or sale of any or all of its railroad properties and facilities,
and other property. No bonds issued or contracts entered into by the authority shall ever
constitute or create an obligation or debt of the state, or of any county, city or town within
the state, or a charge against the credit or taxing powers of the state, or of any county,
city or town within the state. Bonds of the authority may be issued by any time and from time
to time, may be in such form, either in bearer form with appurtenant coupons (and subject
to registration as to principal or interest, or both, all as the board may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-13-11.htm - 3K - Match Info - Similar pages
24-1A-5
to sell the equity of redemption, to purchase the equity of redemption and otherwise to sell
and dispose of the mortgaged property, all as shall seem in the best interests of the authority
and the holders of its bonds; (11) To sell and issue bonds in order to provide funds for any
corporate function, use or purpose; (12) To mortgage, pledge, assign or grant security interests
in any or all of its mortgage loans, mortgages and its interests created thereby in the underlying
real and personal properties covered by such mortgages as security for the payment
of the principal of, and interest on, any bonds issued by the authority, or as security for
any agreements made in connection therewith, whether then owned or thereafter acquired, and
to pledge the revenues from which said bonds are payable as security for the payment of the
principal of, and interest on, said bonds and any agreements made in connection therewith;
(13) To establish such reserves from the proceeds of any issue...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-5.htm - 7K - Match Info - Similar pages
34-14A-18
Section 34-14A-18 Acquisition, etc., of real property; property acquisition fund. (a) The board
may acquire and hold, in its own name, real property by purchase, gift, lease, lease with
the option to purchase, or other lawful means, except eminent domain, which real property
is used by the board to carry out its responsibilities. The board may also transfer, sell,
convey, or cause to be conveyed real property and any improvements thereon, subject to the
requirements of this section. In purchasing any real property, maintaining it, or making improvements
thereto, the board may expend any funds contained in the Home Builders Property Acquisition
Fund established by subsection (b), and any obligations created in connection with the purchase
or improvement of the real property shall not create debts, obligations, or liabilities of
the State of Alabama. As used in this section, real property shall include land, lots, and
all things and interests, including leasehold interests, pertaining...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-14A-18.htm - 3K - Match Info - Similar pages
4-3-14
Section 4-3-14 Issuance and sale of bonds by authority; form, denominations, terms, etc., of
bonds. The authority shall have the power and is hereby authorized at any time and from time
to time to issue and sell its interest-bearing revenue bonds for any of its corporate purposes.
The principal of and the interest on all such bonds shall be payable solely from, and may
be secured by a pledge of, the revenues derived by the authority from the operation of any
or all of its airports, heliports, facilities and other property. None of the bonds issued
or contracts entered into by the authority shall ever constitute or create an obligation or
debt of the state or of any county, city or town within the state, or a charge against the
credit or taxing powers of the state or of any county, city or town within the state. Bonds
of the authority may be issued at any time and from time to time, may be in such form and
denominations, may be of such tenor, may be payable in such installments and at...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-14.htm - 3K - Match Info - Similar pages
41-9-249
of the purposes of the commission as defined by this division; (6) To adopt a seal for the
commission and to use the same on its brochures, stationery and other official publications
and upon its historic site markers; (7)a. To acquire, receive and take title to, by purchase,
gift, lease, devise or otherwise, and to own, to hold, keep and develop, and to sell, transfer,
convey, lease, and assign to any person or otherwise dispose of property of every kind and
character, whether real, personal or mixed, whether tangible or intangible, whether
in trust or otherwise, together with any and every interest therein, in furtherance of the
lawful objectives of the commission; b. To negotiate for Dismals Wonder Gardens in Franklin
County; to be held in trust for the Alabama Indian Commission. The administration of said
property shall be by and with consultation with the Alabama Historical Commission and the
Alabama Indian Commission for the preservation of the historical heritage of said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-249.htm - 8K - Match Info - Similar pages
9-7-14
Section 9-7-14 Coastal Area Board - Created; composition; qualifications, appointment, term
of office and compensation of members; officers; meetings; seal; powers and duties generally;
executive director and employees; technical assistance to board; acceptance, use and disposition
of funds, facilities, etc. (a) through (g) Repealed by Acts 1982, No. 82-612, p. 1111, ยง14(b),
effective October 1, 1982. (h) The board shall have authority to solicit, accept and expend
funds from the state, the United States and from any other source, to carry out provisions,
purposes and policies of this chapter. (i) The board shall coordinate activities and plans
of all existing interests, other state governments, local governments, regional planning agencies,
interstate compacts and commissions and federal agencies which have programs relevant to the
coastal area. (j) When necessary to achieve conformance with the management program provided
for in Section 9-7-15, the board shall have the power to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-7-14.htm - 2K - Match Info - Similar pages
11-19-19
Section 11-19-19 County board of adjustment. In availing itself of the powers conferred by
this chapter, the county commission shall provide for the appointment of a board of adjustment
and may provide that the said board of adjustment shall, in appropriate cases and subject
to appropriate conditions and safeguards, make special exceptions to the terms of the zoning
ordinance or regulations in harmony with its general purposes and interests and in accordance
with general or specific rules adopted pursuant to this chapter. The board of adjustment shall
consist of five members who shall be appointed from among the residents of the county by the
county commission to serve for a term of three years; provided, that in establishing the board
of adjustment, the county commission may designate the terms of the members first appointed
on such basis that the term of one member will expire each year thereafter. Such members shall
be removable for cause by the county commission upon written...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-19-19.htm - 5K - Match Info - Similar pages
19-3-120.2
Section 19-3-120.2 Standards for fiduciary investment and management. (a) When investing, reinvesting,
purchasing, acquiring, exchanging, selling and managing property for the benefit of another,
a trustee, executor, administrator, guardian, conservator or other fiduciary, other than a
trustee governed by Chapter 3B, shall act with the care, skill, prudence, and diligence under
the circumstances then prevailing that a prudent person acting in a like capacity and familiar
with such matters would use to attain the purposes of the account. In making investment decisions,
a fiduciary shall consider the role that the investment plays within the account's overall
portfolio of assets and may consider the general economic conditions, the anticipated tax
consequences of the investment, the anticipated duration of the account and the needs of the
beneficiaries of the account. (b) The propriety of an investment decision is to be determined
by what a fiduciary knew or should have known at the time...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3-120.2.htm - 3K - Match Info - Similar pages
19-3B-816
Section 19-3B-816 Specific powers of trustee. (a) Without limiting the authority conferred
by Section 19-3B-815, a trustee may: (1) collect trust property and accept or reject additions
to the trust property from a settlor or any other person, including, but not being limited
to, the authority to receive, collect, hold, and retain common or preferred stock or other
interests in the trustee or any related party; (2) acquire or sell property, for cash or on
credit, at public or private sale; (3) exchange, partition, or otherwise change the character
of trust property; (4) deposit trust money in an account in a regulated financial-service
institution; (5) borrow money, with or without security, and mortgage or pledge trust property
for a period within or extending beyond the duration of the trust; (6) with respect to an
interest in a proprietorship, partnership, limited liability company, business trust, corporation,
or other form of business or enterprise, continue the business or other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3B-816.htm - 10K - Match Info - Similar pages
24-1A-6
carrying out its corporate purposes and powers. (b) Sources of Payment. Bonds issued by the
authority shall be payable solely out of revenues or property of the authority specified in
the resolutions authorizing the issuance of such bonds. To the extent permitted by any contracts
with the holders of outstanding bonds and any other contractual obligations or requirements,
the authority may pledge any, or all, of its revenues or mortgages or assign any, or all,
of its assets (whether real or personal and whether tangible or intangible) to secure
the payment of any of its bonds. Revenues and property out of which bonds may be payable shall
include, without limitation: (1) Payments of principal, interest, premiums and penalties in
respect to mortgage loans, loans to mortgage lenders, mortgages and mortgaged property; (2)
Proceeds referable to the foreclosure of mortgages or otherwise realized, by any and all means,
upon any mortgaged property; (3) Payments made in redemption of the equity...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-6.htm - 6K - Match Info - Similar pages
|