41-10-324
Section 41-10-324 Leasing to commission and other agencies. (a) The authority is hereby
authorized to enter into a lease or leases of any one or more facilities constructed, acquired,
reconstructed, renovated or improved by the authority under the provisions of this article,
to and with the commission or any other agency of the state which may be charged with the
responsibility for the operation of the commission's facilities. The commission and any such
other agency of the state and each of them are hereby authorized to lease any such facilities
from the authority. No such lease shall, however, be for a term longer than the then current
fiscal year of the state, but any such lease may contain a grant to the commission or any
state agency of successive options of renewing said lease on the terms specified therein for
any subsequent fiscal year or years of the state; provided, that liability for the payment
of rent shall never be for a term longer than one fiscal year. (b) Rent payments...
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11-88-7
Section 11-88-7 Powers of authority generally; power of authority to acquire, operate,
etc., systems, etc., outside service area; provisions in schedules of rates and charges generally;
powers of authority organized to construct and operate sewer system. (a) The 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 in perpetuity, subject to the provisions of Section
11-88-18) specified in its certificate of incorporation; (2) To sue and be sued in its own
name in civil actions, except as otherwise provided in this article, and to defend civil actions
against it; (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, receive, and take, by purchase, gift, lease, devise, or otherwise, and...

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11-89A-10
Section 11-89A-10 Security for payment of bonds; contracts and agreements to secure.
(a) Any bonds issued by the authority shall be revenue bonds and shall be payable solely out
of such revenues of the authority as may be designated in the proceedings of the board under
which they shall be authorized to be issued. Any such proceedings may provide that the bonds
therein authorized shall be payable solely out of the revenues derived from the operation
of any facility or facilities owned by the authority, regardless of the fact that those bonds
may have been issued with respect to or for the benefit of a certain facility or facilities
of the authority. (b) As security for payment of the principal and interest on any bonds issued
or assumed by it, any authority may enter into a contract or contracts, and adopt resolutions
or other proceedings containing provisions constituting a part of the contract or contracts
with the holders of such bonds, pertaining to, among other things, the...
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2-6-117
Section 2-6-117 Disposition of refunding bond proceeds. (a) The proceeds of refunding
bonds shall be applied, together with any other moneys legally available, to the payment of
the expenses authorized by this article and to the payment of the principal of, premium, if
any, and interest due and to become due on any outstanding bonds to be refunded. The expenses
authorized by this article shall include, in addition to other expenses authorized by this
article, all expenses that the board of directors may deem necessary or advantageous in connection
with the sale and issuance of refunding bonds, including, without limitation, the expenses
of selling and issuing such refunding bonds, including any discount reflected in the purchase
price paid to the corporation, fees and disbursements of attorneys, accountants, fiscal agents,
financial advisors, and other consultants, fees and disbursements of trustees, escrow agents,
registrars, paying agents, transfer agents, depositories for...
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11-47-224
Section 11-47-224 Bonds of an authority - Payment out of revenues; security for payment;
mortgages, security interests, or assignments as security for payment. (a) Any bonds issued
by an authority shall be revenue bonds and shall be payable solely out of the revenues of
the authority as may be designated in the proceedings of the board under which the bonds are
authorized to be issued. (b) As security for payment of the principal of and interest on any
bonds issued or assumed by it, an authority may enter into a contract or contracts, and adopt
resolutions or other proceedings containing provisions constituting a part of the contract
or contracts with the holders of the bonds, pertaining to, among other things, the following:
(1) Pledging all or any part of the revenues of the authority to secure the payment of the
bonds. (2) Pledging, assigning, or mortgaging all or any part of the assets of the authority
to secure the payment of the bonds. (3) The creation of reserve, sinking, or...
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11-49B-7
Section 11-49B-7 Powers of authority. The authority shall exercise, subject to this
chapter, the following powers and duties necessary to the discharge of its powers and duties
in corporate form: (1) To have succession by its corporate name for the duration of time,
which may be perpetual, subject to the provisions of Section 11-49B-19 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 seal at pleasure. (4) To adopt and alter bylaws for the regulation and conduct
of its affairs and business. (5) To acquire, receive, and take, by purchase, gift, lease,
devise, or otherwise, and to hold property of every description, real, personal, or mixed,
whether located in one or more counties or municipalities and whether located within or outside
the authorizing county. (6) To make, enter into, and execute contracts, agreements, leases,
and...
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36-28-8
Section 36-28-8 Contribution Fund. (a) There is hereby established a special fund to
be known as the Contribution Fund. Such fund shall consist of and there shall be deposited
in such fund: (1) All contributions, interest and penalties collected under Sections 36-28-5
and 36-28-7; (2) All moneys appropriated thereto under this chapter; (3) Any property or securities
and earnings thereof acquired through the use of moneys belonging to the fund; (4) Interest
earned upon any moneys in the fund; and (5) All sums recovered upon the bond of the custodian
or otherwise for losses sustained by the fund and all other moneys received for the fund from
any other source. All moneys in the fund shall be mingled and undivided. Subject to the provisions
of this chapter, the state Comptroller is vested with full power, authority and jurisdiction
over the fund, including all moneys and property or securities belonging thereto, and may
perform any and all acts whether or not specifically designated,...
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11-88-95
Section 11-88-95 Notice of and sale or exchange of bonds. All bonds issued under this
article, except bonds issued to the contractor and except funding and refunding bonds issued
by exchange as provided in this section, shall be sold to the highest bidder at public
sale; provided, that if at a duly advertised public sale in accordance with this section
no legal bid acceptable to the governing body shall be received, then such bonds may be sold
within 30 days thereafter at private sale to the United States of America or to the State
of Alabama. The public sale shall be either on sealed bids or at auction. The notice of a
public sale shall state whether the sale is to be on sealed bids or at auction and shall also
briefly recite the amount of the bonds to be sold, the maturities thereof, the amount payable
at each maturity, any redemption or prepayment privileges, the frequency with which interest
will be payable, either the rate or rates of interest which the bonds are to bear or that...

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11-31-3
Section 11-31-3 Board of directors - Officers; meetings; powers; funding. (a)(1) The
board of directors of the authority may do all of the following: a. Appoint a chair from among
its membership, subject to an annual rotation of the chair position between or among the representative
members of the board from each county comprising the radio/alert notification communications
district in the case of a multi-county district. b. Appoint a vice chair from among its membership,
provided that in the case of a multi-county district, the vice chair shall be a representative
of a county other than the one represented by the chair. c. Appoint other officers from among
its membership as it may deem necessary from among the membership of the board. (2) A majority
of the directors shall constitute a quorum for the purpose of conducting business. (b) The
authority shall have all of the following powers: (1) Employ such employees, experts, and
consultants as it deems necessary to assist the board in...
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11-50A-8
Section 11-50A-8 Powers of the authority. In addition to other powers granted the authority
by this chapter, it shall have all powers consistent with the purposes of the authority as
set forth in Section 11-50A-3, which are necessary or convenient to carry out and effectuate
the purposes and provisions of this chapter, including, but without limiting the generality
of the foregoing, the following enumerated powers, which shall be exercised by the authority
consistently with the provisions of Section 11-50A-3: (1) To sue and be sued and to
prosecute and defend in any court having jurisdiction of the subject matter and of the parties
thereto; (2) To adopt and alter a corporate seal; (3) To make and alter at pleasure all needful
bylaws, rules, and regulations for the transaction of its business and the control of its
property and affairs; (4) To have the same right of eminent domain through condemnation conferred
by Section 10-5-1, or any subsequent statute of similar import; provided...
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