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37-11A-1
consideration, as it may determine: (1) Lend or donate money to the authority. (2) Cause
water, sewer, or drainage facilities, or any other facilities that it is empowered to provide,
to be furnished adjacent to or in connection with the railroad properties and facilities.
(3) Donate, sell, convey, transfer, or lease to the authority any land, property, franchise,
grant, easement, license, or lease, which it may own. (4) Donate, transfer, assign, sell,
or convey to the authority any right, title, or interest which it may have in any lease,
contract, agreement, license, or property. (5) Furnish, dedicate, close, pave, repair, install,
grade, regrade, plan, or replan streets, roads, roadways, and walks from established streets
or roads to railroad properties and facilities of the authority. (6) Do any and all things
whether or not specifically authorized in this compact, and not otherwise prohibited by law
in the applicable party state, that are necessary or convenient to aid and...
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41-9-682
nature. (l) The authority is hereby vested with full authority, except as limited herein, and
in the constitution as amended, to provide for the terms of its bonds and to provide for the
sale and issuance thereof. (m) The full faith and credit of the State of Alabama shall be
pledged to pay the principal, interest and premium (if any) of such bonds of the authority
only as provided in such amendment or amendments to the Constitution of Alabama of 1901,
which amendment or amendments may be adopted and ratified before or after July 23,
1987. (n) The provisions of this section shall be construed liberally, it being the
purpose to provide in this state appropriate housing facilities for displaying to the general
public exhibits of the Alabama Music Hall of Fame Board and for the management and control
of displays by such means as may be feasible and agreed upon. (Acts 1977, No. 645,
p. 1093, §3; Acts 1987, No. 87-613, p. 1063, §1; Acts
1988, 1st Ex. Sess., No. 88-918, p. 512, §118)....
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37-13-1
Section 37-13-1 Definitions. When used in this chapter, unless the context
plainly indicates otherwise, the present tense shall include the future tense, the singular
shall include the plural, the plural shall include the singular and the following words and
phrases shall have the meanings respectively ascribed to them by this section. (1)
ADDITIONAL RAIL SERVICE AREA. Any territory that is outside the boundaries or corporate limits,
as the case may be, of any of its authorizing subdivisions and that the governing body of
the county, and of any city or town, in which such territory is located has by resolution
designated as an area in which the authority may render rail transportation service. (2) AUTHORITY.
Any public corporation organized pursuant to this chapter or any law amendatory thereof
or supplemental thereto. (3) AUTHORIZING SUBDIVISION. Any county, city, or town in this state
in which there are located railroad properties and facilities and whose governing body receives
an...
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37-13-11
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 determine) or in fully registered form without coupons, and
in such denominations, may be of such tenor, may be payable in such installments and at such
time or times not exceeding 40 years from their date, may be payable at such place
or places whether within or without the state, may bear interest at such rate or rates (which
may be fixed or which may float or vary based on some index or other standard deemed appropriate
by the board), and shall be payable and evidenced in such manner, all as shall not be inconsistent
with the provisions of this chapter and as may be provided in the proceedings of the
board wherein the bonds shall be authorized to be issued. Any bond...
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37-13-13
Section 37-13-13 Bonds of authority - Security. In the discretion of the authority
any bonds may be issued under and secured by an indenture between the authority and a trustee.
Said trustee may be a private person or corporation, including (but not limited to) any trust
company or bank having trust powers, whether such bank or trust company is located within
or without the state. In any such indenture or resolution providing for the issuance of bonds,
the authority may pledge, for payment of the principal of and the interest on such bonds,
any of its revenues to which its right then exists or may thereafter come into existence and
may assign, as security for such payment, any of its leases, franchises, permits and contracts;
and in any such indenture, the authority may mortgage any of its properties, including any
that may be thereafter acquired by it. Any such pledge of revenues shall be valid and binding
from the time it is made, and the revenues so pledged and thereafter received...
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41-10-541
(7) DEBT SERVICE. The principal of and interest (and premium, if any) on an obligation (including,
without limitation, any principal required to be paid prior to its stated maturity) and any
ongoing trustee or paying agent fees or fees of providers of credit enhancement or liquidity
facilities. (8) DEVELOPMENT AGENCY. A county, municipality, or industrial development authority
organized under Chapter 92A of Title 11; an industrial development
board organized under Article 4, Chapter 54 of Title 11,
or the State Industrial Development Authority. (9) DIRECTORS. The Board of Directors of the
Alabama Incentives Financing Authority. (10) ELIGIBLE INVESTMENTS. a. Bonds or other
obligations which as to principal and interest constitute direct obligations of, or are unconditionally
guaranteed by, the United States of America, including obligations of any federal agency to
the extent such obligations are unconditionally guaranteed by the United States of America
and any certificates or...
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11-62-7
Section 11-62-7 Powers of authority generally; operation of facilities by authority.
(a) Every authority shall have all of the powers necessary and convenient to carry out and
effectuate the purposes and provisions of this chapter, including, without limiting
the generality of the foregoing, the following powers: (1) To have succession in its
corporate name for the duration of time (which may be in perpetuity, subject to the provisions
of Section 11-62-17) specified in its certificate of incorporation; (2)
To sue and be sued in its own name in civil suits and actions and to defend suits against
it; (3) To adopt and make use of a corporate seal and to alter the same at pleasure; (4) To
adopt, alter, and repeal bylaws, regulations, and rules, not inconsistent with the provisions
of this chapter, for the regulation and conduct of its affairs and business; (5) To
acquire, whether by gift, purchase, transfer, foreclosure, lease, or otherwise, and to expand,
improve, maintain, equip, and...
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11-94-9
for such purpose, any or all of its projects or properties, whenever its board shall find such
action to be in furtherance of the purposes for which the authority was organized; (9) To
exchange or donate any or all of its projects or properties whenever its board shall find
such action to be in furtherance of the purposes for which an authority was organized; (10)
To execute such contracts or instruments and to take such action as may be necessary or convenient
to carry out the purposes of this chapter or to exercise any power or authority granted
herein; (11) To lease or let any project or any part thereof to such tenant
or tenants for such term or terms at such compensation or rentals and subject to such provisions,
limitations, and conditions as its board may approve; (12) To operate a project or
projects or parts thereof other than factories, manufacturing plants, and industrial plants;
(13) To furnish food, lodging, shelter, lawful drinks, confections, reading matter,
oil, gas,...
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9-17-6
Section 9-17-6 Oil and Gas Board - Powers and duties generally. (a) The board shall
have jurisdiction and authority over all persons and property necessary to administer and
enforce effectively the provisions of this article and all other articles relating
to the conservation of oil and gas. (b) The board shall have the authority and it shall be
its duty to make such inquiries as it may think proper to determine whether or not waste,
over which it has jurisdiction, exists or is imminent. In the exercise of such power the board
shall have the authority to perform the following: (1) Collect data. (2) Make investigation
and inspection. (3) Examine properties, leases, papers, books, and records, including drilling
records, logs, and other geological and geophysical data. (4) Examine, check, test, and gauge
oil and gas wells, tanks, plants, processing facilities, structures, natural gas pipelines
and gathering lines, and storage and transportation equipment and facilities, and other modes...
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11-92C-8
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, subject to Section 11-92C-20,
specified in its certificate of incorporation. (2) To sue and be sued in its own name and
to prosecute and defend civil actions in any court having jurisdiction of the subject matter
and of the parties; provided that the authority shall be deemed to be a governmental entity
as defined in Chapter 93 of this title for the purpose of limiting the damages
for which the authority may be liable. (3) To adopt and make use of a corporate seal and to
alter the seal at its pleasure. (4) To adopt and alter bylaws for the regulation and conduct
of its affairs and business. (5) To acquire, whether by purchase, construction, exchange,
gift, lease, or otherwise, and to refinance existing indebtedness on, improve, maintain, equip,
and furnish one or more projects, including all real and personal properties which...
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