11-22-18
Section 11-22-18 Construction of chapter. Neither this chapter nor anything herein contained
shall be construed as a restriction or limitation upon any powers which the corporation might
otherwise have under any laws of this state, but shall be construed as cumulative of any such
powers. No proceeding, notice, or approval shall be required for the organization of the corporation
or the issuance of any bonds or any instrument as security therefor, except as is provided
in this chapter, any other law to the contrary notwithstanding; provided, that nothing herein
shall be construed to deprive the state and its governmental subdivisions of their respective
police powers over any properties of the corporation, or to impair any power thereover of
any official or agency of the state and its governmental subdivisions which may be otherwise
provided by law. (Acts 1975, 3rd Ex. Sess., No. 139, §18.)...
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11-32-16
Section 11-32-16 Exemption from other state supervision and control. This chapter is intended
to aid the state in the execution of its duties by providing appropriate and independent instrumentalities
of the state with full and adequate powers to fulfill their functions. Except as in this chapter
expressly otherwise provided, no proceeding, notice, or approval shall be required for the
incorporation of any authority or the amendment of its certificate of incorporation, the acquisition
of any property or transit system, or the issuance of any bonds, mortgage and deed of trust,
or trust indenture. The authority, every transit system of the authority, any public transportation
service provided by the authority, and the rates and charges of the authority shall be exempt
from all jurisdiction of, and all regulation and supervision by, the Public Service Commission.
Neither a public hearing nor the consent of the state Department of Finance shall be prerequisite
to the issuance of bonds by...
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11-49A-16
Section 11-49A-16 Exemption from additional proceedings, regulation, etc. This chapter is intended
to aid the state in the execution of its duties by providing appropriate and independent instrumentalities
of the state with full and adequate powers to fulfill their functions. Except as in this chapter
expressly otherwise provided, no proceeding, notice, or approval shall be required for the
incorporation of any authority or the amendment of its certificate of incorporation, the acquisition
of any property or transit system, or the issuance of any bonds, mortgage and deed of trust,
or trust indenture. The authority, every transit system of the authority, any public transportation
service provided by the authority, and the rates and charges thereof shall be exempt from
all jurisdiction of, and all regulation and supervision by, the Public Service Commission.
Neither a public hearing nor the consent of the state Department of Finance shall be prerequisite
to the issuance of bonds by the...
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11-50-346
Section 11-50-346 Execution of trust agreement as security for payment of revenue bonds authorized;
provisions in trust agreements or resolutions for issuance of bonds generally. In the discretion
of the board, any revenue bonds issued under the provisions of this article may be secured
by a trust agreement by and between the board and a corporate trustee, which may be any trust
company or bank having the powers of a trust company within or without the state. Such trust
agreement or resolution providing for the issuance of such bonds may pledge or assign the
revenues to be received, but shall not convey or mortgage any water system or sewer system
or any part thereof. Such trust agreement or resolution providing for the issuance of such
bonds may contain such provisions for protecting and enforcing the rights and remedies of
the bondholders as may be reasonable and proper and not in violation of law, including covenants
setting forth the duties of the board in relation to the...
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11-54-187
Section 11-54-187 Freedom of authority from state supervision and control. This article is
intended to aid the state through the furtherance of the purposes of the article by providing
appropriate and independent instrumentalities of the state with full and adequate powers to
fulfill their functions. Except as expressly provided in this article, no proceeding, notice,
or approval shall be required for the incorporation of any authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by an authority.
Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite
to the issuance of bonds by an authority. (Acts 1980, No. 80-648, p. 1235, §18.)...
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11-54A-18
Section 11-54A-18 Freedom of authority from state supervision and control. This chapter is
intended to aid the state through the furtherance of the purposes of the chapter by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this chapter, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state or federal governments. Such notice...
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33-15-14
Section 33-15-14 Freedom of authority from supervision and control. This chapter is intended
to aid the State of Alabama in the execution of its duties by providing an appropriate and
independent political subdivision of the state with full and adequate powers to fulfill the
functions herein authorized. Except as in this chapter expressly otherwise provided, no proceeding,
notice or approval shall be required for the incorporation of the authority or the amendment
of its certificate of incorporation, the acquisition of any property or facilities or the
issuance of any bonds, mortgage and deed of trust or trust indenture. The authority, its facilities
and other property and the rates and charges thereof shall be exempt from all jurisdiction
of, and all regulation and supervision by, the Public Service Commission. Neither a public
hearing nor the consent of the State Department of Finance shall be prerequisite to the issuance
of bonds by the authority. Nothing herein shall be construed...
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41-10-55
Section 41-10-55 Issuance and sale of bonds authorized generally; form, terms, denominations,
etc., thereof; bonds to be deemed negotiable instruments; redemption. Bonds of the authority
may be sold from time to time as the board of directors may deem advantageous; provided, that
the aggregate principal amount of bonds of the authority which may be issued under this article
shall be limited to $20,000,000.00, but the said limitation shall not apply to refunding bonds
which may be issued under this article and also shall not apply to bonds of the authority
which may be issued under any other act which may at any time hereafter be enacted. The bonds
shall be in such forms and denominations and of such tenor and maturities, shall bear such
rate or rates of interest payable and evidenced in such manner and may contain other provisions
not inconsistent with this article as may be provided in the resolution or resolutions of
the board of directors of the authority wherein the bonds are...
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45-23A-91.17
Section 45-23A-91.17 Freedom of authority from state supervision and control. This part is
intended to aid the state through the furtherance of the purposes of the part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be a prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such notice shall...
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45-29-90.19
Section 45-29-90.19 Freedom of authority from state supervision and control. This article is
intended to aid the State of Alabama in the execution of its duties by providing an appropriate
and independent political subdivision of the state with full and adequate powers to fulfill
the functions herein authorized. No proceeding, notice, or approval shall be required for
the incorporation of the authority or the amendment of its certificate of incorporation, the
acquisition of any property or facilities, or the issuance of any bonds, mortgage and deed
of trust, or trust indenture. The authority, its facilities, and other property, and the rates
and charges thereof shall be exempt from all jurisdiction of, and all regulation and supervision
by, the Public Service Commission. Neither a public hearing nor the consent of the State Department
of Finance shall be prerequisite to the issuance of bonds by the authority. (Act 91-277, p.
517, §20.)...
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