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11-47-224
against all persons having claims of any kind in tort, contract, or otherwise against the authority,
irrespective of whether the persons have actual notice thereof, from the time notice of the
mortgage, security interest, assignment, or pledge is filed for record (1) in the office of
the judge of probate in which the certificate of incorporation of the authority was filed
for record and (2) in the case of any mortgage or security interest covering any tangible
property, whether real, personal, or mixed, in the office of the judge of probate of
the county in which the property is or is to be located pursuant to any agreement made by
the authority with any person respecting the location and use of the property. The notice
shall contain a statement of the existence of such a mortgage, security interest, assignment,
or pledge, as the case may be, a description of the property, revenues, or contract rights
subject thereto and a description of the bonds secured thereby, all in terms...
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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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45-25-250.07
Section 45-25-250.07 Rates, fees, and charges. Rates, fees, and charges for water, sewer, or
garbage service rendered by the authority from any of its systems shall be so fixed and from
time to time revised as at all times to provide funds at least sufficient to: (1) Pay the
cost of operating, maintaining, repairing, replacing, extending, and improving the systems
and facilities, or either, from which such services are rendered. (2) Pay the principal of
and the interest on all bonds and obligations assumed by the authority that are payable out
of the revenues derived from operation of those systems and facilities together with revenues
from any tax sources and fees as the principal and interest become due and payable. (3) Create
and maintain such reserves for the foregoing purposes or any of them as may be provided in
any mortgage and deed of trust or trust indenture executed by the authority under this article
or in any resolutions of the board authorizing the assumption of any...
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45-29-140.08
Section 45-29-140.08 Rates, fees, and charges. Rates, fees, and charges for water service and
fire protection service rendered by the authority from any of its water systems or fire protection
facilities shall be so fixed and from time to time revised as at all times to provide funds
at least sufficient to do all of the following: (1) Pay the cost of operating, maintaining,
repairing, replacing, extending, and improving the systems and facilities, or either, from
which such services are rendered. (2) Pay the principal of and the interest on all bonds and
obligations assumed by the authority that are payable out of the revenues derived from operation
of those systems and facilities together with revenues from any tax sources and fees as the
principal and interest become due and payable. (3) Create and maintain such reserves for the
foregoing purposes or any of them as may be provided in any mortgage and deed of trust or
trust indenture executed by the authority under this article or in...
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45-47-250.08
Section 45-47-250.08 Rates, fees, and charges. Rates, fees, and charges for water service and
fire protection service rendered by the authority from any of its water systems or fire protection
facilities shall be so fixed and from time to time revised as at all times to provide funds
at least sufficient to: (1) Pay the cost of operating, maintaining, repairing, replacing,
extending, and improving the systems and facilities, or either, from which such services are
rendered. (2) Pay the principal of and the interest on all bonds and obligations assumed by
the authority that are payable out of the revenues derived from operation of those systems
and facilities together with revenues from any tax sources and fees as the principal and interest
become due and payable; (3) Create and maintain such reserves for the foregoing purposes or
any of them as may be provided in any mortgage and deed of trust or trust indenture executed
by the authority under this article or in any resolutions of the...
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14-2-8
corporate name until the principal of and interest on all bonds issued by it shall have been
fully paid and until it shall have been dissolved as provided in this chapter; (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 thereof; (3) To have and to use a corporate
seal and to alter such seal at pleasure; (4) To establish a fiscal year; (5) To acquire and
hold title to real and personal property and to sell, convey, mortgage, or lease the
same as provided in this chapter; (6) To provide for the acquisition, construction, reconstruction,
alteration, and improvement of facilities and for the procurement of sites and equipment for
such facilities and for the lease thereof; (7) To lease facilities to the state, the department,
and any other agency or instrumentality of the state; (8) To anticipate by the issuance of
its bonds as limited in this chapter the receipt of the rent...
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41-10-425
as the authority may deem advisable, including, but without limitation to, insurance and guarantees
against any loss in connection with any of its property or assets, tangible or intangible,
in such amounts and from such public or private entities as it may deem appropriate, and to
pay premiums or other charges for such insurance or guarantees; (8) To acquire by purchase,
gift or any other lawful means, and transfer, convey or cause to be conveyed to the State
of Alabama, any real, personal or mixed property; (9) To make and enter into such contracts,
leases, agreements and other actions as may be necessary or desirable to accomplish any corporate
purpose and to exercise any power necessary for the accomplishment of the purposes of the
authority or incidental to the powers expressly set out herein; (10) To appoint and employ
such attorneys, accountants, technical consultants and other advisors, agents and independent
contractors as may in the judgment of the authority, be...
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45-30-250.08
Section 45-30-250.08 Rates, fees, and charges. Rates, fees, and charges for water service rendered
by the authority from any of its systems shall be fixed and periodically revised so as to
provide at all times funds sufficient to: (1) Pay the cost of operating, maintaining, repairing,
replacing, extending, and improving the systems from which services are rendered. (2) Pay,
upon becoming due and payable, the principal of and the interest on all bonds and obligations
assumed by the authority that are payable out of the revenues derived from operation of those
systems and facilities and revenues from any tax sources and fees. (3) Create and maintain
reserves for the foregoing purposes as may be provided in any mortgage, deed of trust, or
trust indenture executed by the authority under this article or in any resolutions of the
board authorizing the assumption of any obligation of the acquisition of any system. (4) Make
annual payments, if any, that the authority has contracted to make, to...
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45-46-90.10
Section 45-46-90.10 Lien on pledge of revenues. Any pledge of revenues from the operation of
facilities of an authority shall be valid and binding from the time it is made, and the revenues
so pledged and thereafter received by the authority shall immediately become subject to the
lien of such pledge without any physical delivery thereof or further act. The lien of such
pledge shall be valid and binding against all parties having claims of any kind in tort, contract,
or otherwise against the authority, irrespective of whether the parties have actual notice
thereof, from the time a statement is filed in the office of the Judge of Probate of Marengo
County, Alabama. Such notice need state only the date on which the resolution authorizing
the issuance of the bonds was adopted by the board, the principal amount of bonds issued,
a brief description of the revenues so pledged, and a brief description of any property the
revenues from which are so pledged. The method provided in this section...
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2-6-105
of its property and affairs. (5) To enter into agreements of any nature with any public or
private entity regarding the construction, renovation, restoration, improvement, maintenance,
management, or operation of the project or any properties or facilities constituting a part
of the project. (6) To take all actions and enter into all agreements necessary or appropriate
to complete the project work. (7) To acquire, purchase, lease, receive, hold, transmit, and
convey title to real and personal property to or from any person or legal entity, public
or private. (8) To borrow money and issue its bonds in evidence thereof, subject to this article.
(9) As security for payment of the principal of and interest on its bonds, to pledge any funds
or revenues from which its bonds may be made payable and to arrange for and provide additional
security for its bonds, including letters of credit, bond insurance policies, surety bonds
and the like, as the board of directors shall determine to be...
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