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11-92B-12
Section 11-92B-12 Bonds of the authority. (a) Bonds of an authority shall be signed by the
chair or vice chair and attested to by the secretary or assistant secretary. The seal of an
authority shall be affixed thereto. A facsimile of the signature of the officers may be printed
or otherwise reproduced on any such bonds in lieu of being manually subscribed thereon, and
a facsimile of the seal of an authority may be printed or otherwise produced on any such bonds
in lieu of being manually affixed thereto, provided that the bonds have been manually authenticated
by a transfer agent of the bonds issued. Delivery of the bonds so executed shall be valid
notwithstanding any subsequent changes in officers or in the seal of an authority. (b) Bonds
may be executed and delivered by an authority at any time. The bonds shall be in such form
and denominations and of such tenor and maturities, shall bear such rate or rates of interest
or no interest, shall be payable at such times, and shall be...
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11-97-9
Section 11-97-9 Bonds of corporation generally. (a) Any corporation shall have the power to
issue, sell and deliver at any time and from time to time its bonds in such principal amount
or amounts as its board shall determine to be necessary to provide sufficient funds for achieving
any of its corporate purposes, including the payment of interest on any of its bonds, the
establishment of reserves to secure any such bonds and all other expenditures of such corporation
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
corporation shall also have the power to issue from time to time bonds to renew bonds and
bonds to pay bonds, including interest thereon and, whenever it deems refunding expedient,
to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or
have not matured, and to issue bonds partly to refund bonds then outstanding and partly for
any other of its corporate purposes. (b) The bonds issued by any...
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2-6-70
Section 2-6-70 Definitions. As used in this article, the following words shall have the following
meanings unless the context clearly requires otherwise: (1) AGRICULTURAL CENTER BOARD. The
board of that name established pursuant to Article 2 of this chapter. (2) AGRICULTURAL FUND.
The fund of that name created and administered pursuant to Article 1, Chapter 9, Title 2.
(3) BOARD OF AGRICULTURE AND INDUSTRIES. The Alabama Board of Agriculture and Industries created
pursuant to Section 2-3-1. (4) BUILDING COMMISSION. The Building Commission created under
Article 6, Chapter 9, Title 41, and any successor agency thereto. (5) COLISEUM. The existing
Garrett Coliseum and the grounds and other buildings and structures associated therewith,
all owned by the Agricultural Center Board and located in the City of Montgomery, Alabama.
(6) CORPORATION. The public corporation authorized to be created by this article. (7) ELIGIBLE
INVESTMENTS. (i) Any time deposit with, or any certificate of deposit...
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22-21-311
Section 22-21-311 Definitions. (a) The following words and phrases used in this article, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of a county, municipality,
or educational institution, or two or more thereof, in accordance with the provisions of Section
22-21-313. (2) AUTHORITY. A public corporation organized, and any public hospital corporation
reincorporated, pursuant to the provisions hereof. (3) AUTHORIZING RESOLUTION. The resolution
adopted by the governing body of an authorizing subdivision, in accordance with the provisions
of Section 22-21-313 or Section 22-21-341, that authorizes the incorporation of an authority
or the reincorporation of a public hospital corporation. (4) AUTHORIZING SUBDIVISION. Each
county, municipality, and educational institution with...
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41-10-305
Section 41-10-305 Members; officers; directors; quorum; vacancies; salaries and expenses; liability.
The applicants named in the application and their respective successors in office shall constitute
the members of the authority. At the time of initial selection by the commission of the individual
citizens to incorporate the authority pursuant to Section 41-10-302, the commission shall
designate one of such persons to serve an initial term of two years, one to serve an initial
term of four years, and one to serve an initial term of six years. Each succeeding appointment
of a member of the authority thereafter shall be for a term of six years. The members shall
be eligible to succeed themselves. The members shall select from among themselves a president
of the authority, a secretary of the authority and a treasurer of the authority. The members
of the authority shall constitute all the members of the board of directors of the authority,
which shall be the governing body of the...
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41-10-54
Section 41-10-54 Powers of authority generally; acquisition by eminent domain of real property
or rights owned by railroads or utilities not authorized. (a) The authority shall have the
following powers: (1) To have succession by its corporate name until it is dissolved; (2)
To adopt bylaws for the regulation of its affairs and the conduct of its business; (3) To
adopt and use an official seal and alter the same at pleasure; (4) To maintain a principal
office in Jefferson County, Alabama, and suboffices at such places within the state as it
may designate; (5) To sue and be sued and to prosecute and defend civil actions in any court
having jurisdiction of the subject matter and of the parties; (6) To acquire by purchase,
gift, condemnation or any other lawful means any real, personal or mixed property necessary
or convenient in connection with the purpose for which the authority is formed and to hold
title to such property, together with all rights incidental to its estate in such...
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22-27-22
Section 22-27-22 Authority of counties to issue and sell warrants; full faith and credit of
county pledged to payment; restrictions on use of proceeds. Each county shall have the power
from time to time to sell and issue interest-bearing warrants of such county for the purpose
of paying costs to that county of acquiring and providing solid wastes collection and disposal
facilities. Such warrants may be in such denomination or denominations, may have such maturity
or maturities not exceeding 30 years from their date, may bear interest from their date at
such rate or rates payable at such times, may be payable at such place or places within or
without the state, may be sold at such time or times and in such manner, whether publicly
or privately, may be executed in such manner and may contain such terms not in conflict with
the provisions of this article, all as the county commission of such county may provide in
the proceedings wherein the warrants are authorized to be issued. All such...
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45-37-90.06
Section 45-37-90.06 Civic Center Authority - Revenue bonds. (a) Subject to the conditions,
qualifications, and restrictions set forth in subsection (e), the authority shall have the
power to borrow money and to issue revenue bonds as evidence of money so borrowed, which bonds
shall be payable solely from taxes made payable to the authority by any act of the Legislature
heretofore or hereafter adopted and from the revenues of the authority derived from the activities,
operations, and enterprises in which the authority is hereby authorized to engage. As security
for any money so borrowed, together with interest thereon, and any obligations incurred or
assumed, the authority, in its discretion, may mortgage, pledge, or otherwise transfer and
convey its real, personal, and mixed property, or any part or parts thereof, whether then
owned or thereafter acquired, including any franchises then owned or thereafter acquired,
and all or any part of the taxes payable to the authority under any act...
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11-50A-17
Section 11-50A-17 Contracts for use of projects; purchase of electric power; payment of charges;
indemnity; enforcement of performance. (a) Any municipality, if authorized by resolution or
ordinance of its governing body, may contract with the authority for the payment of any rates,
tolls, fees, and other charges prescribed in this section and Section 11-50A-18 by the authority
for the output, capacity, use or service by the municipality of any projects or other resources
of the authority or any of its facilities or undertakings. The obligations to pay the amounts
contracted to be paid by the municipality to the authority under the contract or contracts
entered into pursuant to the provisions of this section shall be treated as expenses of operating
the electric distribution system of the municipality for the payment of which the revenues
of the municipality derived from the operation of its electric distribution system (together
with any other revenues that may be lawfully pledged...
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11-9-22
Section 11-9-22 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county shall have
the power from time to time to sell and issue interest-bearing warrants of such county for
the purpose of paying costs to that county of acquiring and providing one or more waterworks
systems for the purpose of rendering water service in any part of the county; provided, that
the county shall not render water service within any municipality except pursuant to franchise
granted to the county by such municipality. Any warrants issued under the provisions of this
article may be in such denomination or denominations, may have such maturity or maturities
not exceeding 30 years from their date, may bear interest from their date at such rate or
rates payable at such times, may be payable at such place or places within or without the
state, may be sold at such time or times and in such manner, whether publicly...
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