37-6-20
Section 37-6-20 Disposition of excess revenues. Revenues of a cooperative for any fiscal year
in excess of the amount thereof necessary to defray expenses of the cooperative and of the
operation and maintenance of its facilities during such fiscal year; to pay interest and principal
obligations of the cooperative coming due in such fiscal year; to finance or to provide a
reserve for the financing of, the construction or acquisition by the cooperative of additional
facilities to the extent determined by the board of trustees; to provide a reasonable reserve
for working capital; to provide a reserve for the payment of indebtedness of the cooperative
maturing more than one year after the date of the incurrence of such indebtedness in an amount
not less than the total of the interest and principal payments in respect thereof required
to be made during the next following fiscal year; and to provide a fund for education in cooperation
and for the dissemination of information concerning the...
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4-6-13
Section 4-6-13 Acquisition of air rights, easements, etc. In any case in which: (1) It is desired
to remove, lower or otherwise terminate a nonconforming structure or use; or (2) The approach
protection necessary cannot, because of constitutional limitations, be provided by airport
zoning regulations under this chapter; or (3) It appears advisable that the necessary approach
protection be provided by acquisition of property rights rather than by airport zoning regulations,
the political subdivision within which the property or nonconforming use is located or the
political subdivision owning the airport or served by it may acquire, by purchase, grant or
condemnation in the manner provided by the law under which political subdivisions are authorized
to acquire real property for public purposes, such air right, avigation easement or other
estates or interest in the property or nonconforming structure or use in question as may be
necessary to effectuate the purposes of this chapter. In the...
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11-55-13
Section 11-55-13 Authority of cities or towns to acquire, etc., and lease facilities to United
States Postal Service; issuance of bonds, etc., to finance acquisitions. Any city or town
in this state (1) May acquire (by construction, purchase or otherwise), improve and equip
land, buildings and other facilities for use by the United States Postal Service; (2) May
lease any such land, buildings or facilities to the United States Postal Service on such terms
and conditions as shall be mutually agreeable to such city or town and the United States Postal
Service; (3) May borrow money for the purpose of financing the costs of any such acquisition,
improvement and equipment; (4) May issue, in evidence of such borrowing, bonds, warrants,
notes or other securities (which such bonds, warrants, notes or other securities shall mature
and come due not later than 30 years from their date but shall otherwise be issued in accordance
with, and shall be subject to, applicable provisions of law); (5) May...
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16-13-309
Section 16-13-309 Powers authorized. Any county may, with respect to the county board of education
within its jurisdiction and any city board of education within, in whole or in part, its jurisdiction,
and any municipality may, with respect to the city board of education (if any) within its
jurisdiction and with respect to the county board of education for each county within the
jurisdiction of which all or any part of such municipality is located, upon such terms and
with or without consideration, as it may determine: (1) Lend or donate money to, guarantee
all or any part of the indebtedness or operating expense of, or perform services for the benefit
of, such board. (2) Donate, sell, convey, transfer, lease, or grant to such board, without
the necessity of authorization at any election of qualified voters, any property of any kind,
including, without limitation, any project, any interest in any thereof, and any franchise.
(3) Do any and all things, whether or not specifically...
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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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4-2-50
Section 4-2-50 Reasons to accompany orders, etc., of commission; service of orders upon interested
persons; authority to inspect airports, landing fields, other navigational facilities, etc.;
procedure for rehearing or appeal of commission's orders, etc. Repealed by Act 2000-220, §
48, effective May 13, 2000. (Acts 1945, No. 402, p. 620, §4.)...
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11-81-202
Section 11-81-202 Borrowing of money for acquisition, extension, etc., of plants, etc., by
counties or municipalities authorized; limitations. For the purpose of defraying the cost
of acquiring such plants, or any one or more of them, or any part or parts thereof and making
improvements and extensions thereto, either by purchase, construction, condemnation or otherwise,
any municipal corporation or county may borrow money from any lender whomsoever, in such amount
or amounts as the governing body of such municipal corporation or county may deem necessary
or expedient, but no such municipal corporation or county that has reached or exceeded its
constitutional debt limit which borrows money under the authority of this article shall bind
its general credit or incur any personal liability or charge any general or special fund other
than that authorized in this article or charge any property other than that authorized in
this article for the repayment of such borrowed money or the payment...
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41-10-64
Section 41-10-64 Special and continuing trust fund for payment of principal and interest on
bonds of authority and maintenance, etc., of facilities thereof. For the purpose of providing
funds for the payment of the costs and expenses necessary to accomplish the purpose of this
authority and for the payment of the principal of and interest on any bonds issued by the
authority under the provisions of this article, there is hereby created and irrevocably pledged
to the payment of such obligations a special and continuing trust fund which shall consist
of all revenues, receipts and income from rents contracted for and received by the authority
and all revenues, receipts and income received by the authority from any other source whatsoever.
There shall be created within said special and continuing trust fund a reserve fund account
of said authority in the State Treasury, in which shall be placed as a trust fund and held
separate and apart from all other moneys of the state or of the...
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22-4-14
Section 22-4-14 Construction, operation, etc., of public hospitals, health centers, etc., by
State Board of Health; power of State Board of Health to cooperate and enter into contracts
with federal government, nonprofit associations, etc., in construction, operation, etc., of
public hospitals, health centers, etc. The State Board of Health is hereby authorized and
empowered to acquire, construct, equip, maintain and operate public hospitals, health centers
and related facilities for the treatment of any type of disease. The State Board of Health
is authorized and empowered to cooperate and to make contracts with the United States Government,
any local political subdivisions or their agencies, any nonprofit association or public improvement
society in the acquisition, building, equipping, maintaining and operating of any public hospitals,
health centers and related facilities for the treatment of any kind of disease. (Acts 1975,
No. 1197, p. 2365, §14.)...
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41-10-552
Section 41-10-552 Publication of notice; time limitation on actions contesting proceedings,
validity of obligations, etc. Upon the adoption by the directors of any resolution providing
for the issuance of authority obligations, the authority may, in its discretion, cause to
be published once a week for two consecutive weeks, in newspapers published or having a general
circulation in the Cities of Birmingham, Montgomery, Huntsville, and Mobile, a notice in substantially
the following form (the blanks being properly filled in) at the end of which shall be printed
the name and title of either the president or the secretary of the authority: "Alabama
Incentives Financing Authority, a public corporation under the laws of the State of Alabama,
on the ___ day of _____, authorized the issuance of $ ______ principal amount of bonds (a
guaranty agreement securing $ _____ principal amount of bonds of ___) for purposes authorized
in Title 41, Chapter 10, Article 16, Division 1 of the Code...
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