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8-6-110
Section 8-6-110 Definitions. The following words and phrases, as used in this article,
shall have the following meanings: (1) AUTHORIZING ACT. Any of the following statutes or acts:
a. Any of the following sections, as amended: Section 11-20-1 et seq., relating to
industrial revenue bonds to be issued by counties; Section 11-54-20 et seq., relating
to industrial revenue bonds to be issued by municipalities; Section 11-54-80 et seq.,
relating to industrial revenue bonds to be issued by municipal industrial development boards;
Section 11-58-1 et seq., relating to industrial revenue bonds to be issued by municipal
medical clinic boards, Section 22-21-170 et seq., relating to industrial revenue bonds
to be issued by county and municipal hospital authorities; and Section 11-20-30 et
seq., relating to industrial revenue bonds to be issued by county industrial development boards.
b. The following acts of the Alabama Legislature: Act No. 4, enacted at the 1956 Second Special
Session of the...
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11-32-9
Section 11-32-9 Bonds - Form and execution; sale; obligations; notice. (a) All bonds
issued by the authority shall be signed by the chair, vice chair, or executive director and
attested by its secretary or assistant secretary, and the seal of the authority shall be affixed
thereto except that a facsimile of the signature of the officers may be printed or otherwise
reproduced on any of the bonds in lieu of being manually subscribed on the bonds, a facsimile
of the seal of the authority may be printed or otherwise produced on the bonds in lieu of
being manually affixed thereto, if the bonds have been manually authenticated by a transfer
agent of the bond issue. Delivery of executed bonds shall be valid notwithstanding any changes
in officers or in the seal of the authority after the signing and sealing of the bonds. The
bonds may be executed and delivered by the authority at any time and from time to time, shall
be in the form and denominations and of the tenor and maturities, shall...
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41-10-652
Section 41-10-652 Definitions. When used in this division, the following terms shall
have the following meanings unless the context clearly indicates otherwise: (1) ANCILLARY
COSTS shall mean the costs incurred in acquiring and constructing public improvements that
benefit all or any part of the project including, without limitation, (i) improvements to
streets, roads and bridges, (ii) improvements to water and sewer systems, gas and electric
systems, and other utilities providing services to any part of the project, (iii) improvements
to the police, fire, and emergency rescue services provided to the company by local governmental
entities, and (iv) improvements to transportation systems benefiting the company, such as
railroad spur and switching facilities. (2) AUTHORITY shall mean the Alabama 21st Century
Authority, which is provided for pursuant to Division 1. (3) BONDS shall mean the bonds that
are authorized herein to be issued by the authority. (4) COMPANY shall mean an...
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41-10-472
Section 41-10-472 Pledge and lien for benefit of bonds. In the proceedings authorizing
the issuance of any of its bonds, the authority is authorized and empowered to pledge for
the payment of the principal of and interest on such bonds at the respective maturities of
said principal and interest, and to agree to use solely for such purpose, all the revenues
which under the provisions of Section 41-10-471 are provided for the payment of the
said principal and interest, subject to prior pledges thereof as and to the extent the authority
may provide. In said proceedings the authority may further provide and create, as security
for the payment of said principal and interest, a statutory lien upon the buildings and properties,
other than the State Capitol, for the acquisition and construction or renovation of which
the bonds are issued. Such statutory lien shall not be subject to foreclosure and, in the
event of default in the payment of any such principal or interest, the remedies...
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11-101A-2
Section 11-101A-2 Definitions. As used in this chapter, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
APPLICANT. A natural person who files a written application with the governing body of a county
or municipality, or two or more thereof, in accordance with Section 11-101A-3. (2)
AUTHORITY. A public corporation organized pursuant to this chapter. (3) AUTHORIZING RESOLUTION.
A resolution adopted by the governing body of an authorizing subdivision in accordance with
Section 11-101A-3, that authorizes the incorporation of an authority under this chapter.
(4) AUTHORIZING SUBDIVISION. Each county and municipality with the governing body of which
an application for the incorporation of an authority under this chapter is filed. (5) BOARD.
The board of directors of an authority. (6) BONDS. Any bonds authorized to be issued by an
authority hereunder, including refunding bonds. (7) CODE. The Code of Alabama 1975. (8)...
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16-18B-2
Section 16-18B-2 Definitions. Where used in this article the following words and terms
shall be given the following respective meanings unless the context hereof clearly indicates
otherwise: (1) AMENDMENT. The amendment to the constitution of the state authorizing the issuance
of the bonds. (2) CORPORATION. The public corporation authorized to be created by this article.
(3) BOARD OF DIRECTORS. The board of directors of the corporation. (4) BONDS. The bonds issued
under this article. (5) CODE. The Code of Alabama 1975, as amended. (6) GOVERNMENT SECURITIES.
Any 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 any other evidences of an ownership interest
in such obligations of, or unconditionally guaranteed by, the...
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11-47-210.1
Section 11-47-210.1 Legislative findings and declarations. The Legislature finds and
declares all of the following: (1) Through this article, the Legislature has (i) granted to
each municipality in the state, acting either individually or in cooperation with one or more
other municipalities, the power to acquire, operate, manage, and control parks, playgrounds,
and other recreational or athletic facilities and to authorize the organization of an authority,
as a public corporation, to act on behalf of the municipality or municipalities in providing
for the ownership and management of parks, playgrounds, and other recreational or athletic
facilities, (ii) provided for the organization of the authorities, and (iii) specified certain
powers to be enjoyed by such an authority. (2) In order to facilitate the accomplishment of
the legislative objectives reflected in this article and to provide for a greater degree of
mutual cooperation among separate political subdivisions, it is necessary,...
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33-2-180
Section 33-2-180 Definitions. Where used in this article the following words and terms
shall be given the following respective meanings unless the context hereof clearly indicates
otherwise: (1) CODE. The Code of Alabama 1975, as amended. (2) DEPARTMENT. Alabama State Docks
Department created in Chapter 1 of Title 33. (3) DIRECTOR. The Director of State Docks provided
for in Section 33-1-3. (4) DOCKS FACILITIES. Docks and all kinds of docks facilities,
including elevators, compresses, conveyors, warehouses, water and rail terminals, bulk handling
facilities, coal handling facilities, grain elevator facilities, wharves, piles, quays, cold
storage facilities, loading and unloading facilities, and other related structures, facilities,
equipment, property and improvements of every kind needful for the convenient use of same,
in aid of commerce and use of the waterways of the state, now or hereafter existing, that
are now or hereafter owned or held, are or are to be under the management and...
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22-21-130
Section 22-21-130 Definitions. For the purposes of this article, unless otherwise indicated,
the following terms shall have the meanings respectively ascribed to them by this section:
(1) AUTHORITY. A corporation organized pursuant to the provisions of this article. (2) BOARD.
The board of directors of the authority. (3) BOND. Any bond issued under the provisions of
this article, including refunding bonds. (4) COUNTY. That county in which the certificate
of incorporation of the authority shall be filed for record. (5) COUPON. Any interest coupon
evidencing an installment of interest payable with respect to a bond. (6) FISCAL YEAR. A fiscal
year of the municipality. (7) GOVERNING BODY. The council, board of commissioners or other
like body in which the legislative functions of the municipality are vested by law. (8) INDENTURE.
A mortgage, an indenture of mortgage, deed of trust or trust indenture executed by the authority
as security for any bonds. (9) LEASE AGREEMENT. Any agreement of...
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45-37-90.08
Section 45-37-90.08 Authority to borrow money; promissory notes. Each civic center authority
heretofore or hereafter incorporated in any county having a population of more than 500,000,
according to the last or any subsequent federal census, pursuant to Sections 45-37-90 to 45-37-90.07,
inclusive, is hereby granted the power and authority, in addition to the power and authority
heretofore granted by act of the Legislature or by amendment to the constitution, to borrow
money from time to time for any corporate purpose and to issue its negotiable promissory note
or notes to mature not later than three years from date of issue, as evidence of its obligation
to repay the money so borrowed, with interest thereon, such notes to be payable solely (1)
from one or more of the sources from which bonds authorized by Sections 45-37-90 to 45-37-90.07,
inclusive, or by Amendment 280 to the Constitution of Alabama of 1901, are payable and, if
the note or notes shall be issued to provide funds for a...
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