11-54-178
Section 11-54-178 Powers of authority; location of projects; public meetings. (a) An 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 perpetuity, subject to the provisions of Section 11-54-189)
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. (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, 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 the board of...
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11-89-8
Section 11-89-8 Bonds of district - Form, terms, denominations, etc.; sale; execution and delivery;
refunding; liability thereon; security for payment of principal and interest and payment thereof
generally; provisions in mortgages, deeds of trust or trust indentures executed as security
for payment of bonds generally. All bonds issued by the district shall be signed by the chairman
of its board or other chief executive officer and attested by its secretary and the seal of
the district shall be affixed thereto, and any interest coupons applicable to the bonds of
the district shall be signed by the chairman of its board or other chief executive officer;
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 his manually signing the same,
a facsimile of the seal of the district may be printed or otherwise reproduced on any such
bonds in lieu of being manually affixed thereto and a facsimile of...
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45-16A-20.02
Section 45-16A-20.02 Funding. (a) In order to provide funds for payment of the costs of the
acquisition, establishment, purchase, construction, maintenance, enlargement, extension, lease,
or improvement of cable systems, telecommunications equipment, and telecommunications systems,
the City of Elba and municipal instrumentalities of the City of Elba, within the limitations
applicable under the Constitution of Alabama of 1901, may become indebted in an amount not
to exceed the costs and the costs incurred in issuing the indebtedness, and in evidence thereof
issue the municipality's or municipal instrumentality's warrants, bonds, or other evidences
of indebtedness, as the case may be, in the manner, tenor, and form as may be otherwise provided
by law, for the issuance of the municipality's or municipal instrumentality's warrants, bonds,
or other evidences of indebtedness generally. The warrants, bonds, or other evidences of indebtedness
issued pursuant to this section shall be payable...
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45-39-250.02
Section 45-39-250.02 Funding. (a) In order to provide funds for payment of the costs of the
acquisition, establishment, purchase, construction, maintenance, enlargement, extension, lease,
or improvement of cable systems, telecommunications equipment, and telecommunications systems,
municipalities and municipal instrumentalities in Lauderdale County, within the limitations
applicable under the Constitution of Alabama of 1901, may become indebted in an amount not
to exceed the costs and the costs incurred in issuing the indebtedness, and in evidence thereof
issue the municipality's or municipal instrumentality's warrants, bonds, or other evidences
of indebtedness, as the case may be, in the manner, tenor, and form as may be otherwise provided
by law, for the issuance of the municipality's or municipal instrumentality's warrants, bonds,
or other evidences of indebtedness generally. The warrants, bonds, or other evidences of indebtedness
issued pursuant to this section shall be payable...
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11-89B-2
Section 11-89B-2 Form, terms, denominations, etc. of bonds; execution and delivery; interest;
sale; issuance of refunding bonds; liability on bonds; source of payment; use of proceeds;
mortgage, deed of trust, etc., containing certain agreements. All bonds issued pursuant to
the provisions of this chapter shall be signed by the chairman of the board of directors or
other governing body or other chief executive officer of such public corporation and attested
by its secretary and the seal of such public corporation shall be affixed thereto; provided,
that a facsimile of the signatures of both of the officers whose signatures will appear on
the bonds may be imprinted or otherwise reproduced thereon in lieu of being manually signed
if the proceedings in which the bonds are authorized to be issued provide for the manual authentication
of such bonds by a trustee, registrar or paying agent; provided further, that a facsimile
of the seal of such public corporation may be imprinted or otherwise...
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23-1-155
Section 23-1-155 Powers. The corporation shall have all of the following powers: (1) To have
perpetual succession by its corporate name unless sooner dissolved pursuant to Section 23-1-160.
(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. (3) To have and
to use a corporate seal and to alter the same at pleasure. (4) To construct, reconstruct,
and relocate, or to cause to be constructed, reconstructed, and relocated, public roads, bridges,
and approaches thereto, tunnels, and other public roadway improvements, including work incidental
or related thereto, in the State of Alabama. (5) To acquire by purchase, gift or condemnation
or any other lawful means and to convey, or cause to be conveyed, any real, personal, or mixed
property or materials necessary or convenient in connection with the construction, reconstruction,
or relocation of public roads, bridges and approaches...
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23-1-177
Section 23-1-177 Bonds - Generally. (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 printed or otherwise reproduced thereon; provided, that a facsimile of the signature
of one, but not both, of the officers may be printed or otherwise reproduced on any such bonds
in lieu of his or her signing the same. (b) Any bonds of the corporation may be executed and
delivered by it at any time and from time to time, shall be in such form and denominations
and of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced
in such manner, may contain provisions for redemption prior to maturity, and may contain such
other provisions not inconsistent with this article, all as may be provided by the resolution
of the board of directors under which such bonds are authorized to be issued; provided, that
no bond of the corporation shall have a specified maturity date...
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23-1-157
Section 23-1-157 Bonds - Generally. (a) The bonds of the corporation shall be signed by its
president or vice president and attested by its secretary; provided, that a facsimile of the
signature of the officers may be imprinted or otherwise reproduced on any such bonds in lieu
of his or her signing the same. The seal of the corporation shall be affixed to such bonds;
provided, that a facsimile of the seal may be imprinted or otherwise reproduced on any such
bonds in lieu of being manually affixed thereon. (b) Any bonds of the corporation may be executed
and delivered at any time and from time to time, shall be in such form and denominations and
of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced
in such manner, may contain provisions for redemption prior to maturity and may contain other
provisions not inconsistent with this article, all as may be provided by the resolution of
the board of directors whereunder such bonds are authorized to be...
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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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11-94-10
Section 11-94-10 Bonds of authority - From what source payable; form; denominations; terms;
redemption; sale; subsequent issues; negotiability. (a) All bonds and securities issued by
an authority shall be payable solely out of the revenues derived by the authority from the
leasing, sale or operation of any or all of its projects as may be designated in the proceedings
of its board under which the same shall be authorized to be issued. None of the bonds, securities
or notes of an authority shall ever constitute an obligation or debt of the state, of any
authorizing subdivision, or of any county or municipality of the state or a charge against
the credit or taxing powers of any of them. (b) Bonds of any authority may be executed and
delivered by the authority at any time and from time to time, may be in such form and denominations
and of such tenor and maturities, may be in registered or bearer form, either as to principal
or interest or both, may be payable at such time or times not...
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