16-17-15
Section 16-17-15 Freedom of authority from 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 ancillary improvements or the issuance of any bonds, mortgage and deed of trust or trust indenture. Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite to the issuance of bonds by the authority. (Acts 1966, Ex. Sess., No. 222, p. 325, §15.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17-15.htm - 1K - Match Info - Similar pages
16-18-17
Section 16-18-17 Freedom of authority from 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 ancillary improvements or the issuance of any bonds, mortgage and deed of trust, or trust indenture. Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite to the issuance of bonds by the authority. (Acts 1966, Ex. Sess., No. 221, p. 308, §17.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18-17.htm - 1K - Match Info - Similar pages
22-34-15
Section 22-34-15 No proceeding, notice or approval required. This chapter is intended to aid the state through the furtherance of its purposes 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, the purchase of any loans or the making of any loan to a public body, the issuance of any bonds, or the exercise of any other of its powers by the authority. (Acts 1987, No. 87-226, p. 317, §17.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-34-15.htm - 913 bytes - Match Info - Similar pages
23-2-152
Section 23-2-152 Bondholder's and trustee's rights of enforcement; scope of rights. Any holder of bonds issued under the provisions of this article, or of any of the coupons appertaining thereto, and the trustee under any trust agreement, except to the extent that the rights herein given may be restricted by such trust agreement, may, by civil action or proceeding protect and enforce any and all rights under the laws of this state, or granted hereunder, or under the trust agreement or the resolution authorizing the issuance of bonds and may enforce and compel the performance of all duties required by this article or by the trust agreement or resolution to be performed by the authority or by any officer thereof, including the fixing, charging and collecting of tolls. (Acts 1980, No. 80-691, p. 1377, §12.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-2-152.htm - 1K - Match Info - Similar pages
45-27A-31.17
Section 45-27A-31.17 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 prerequisite to the issuance of bonds by the authority. (Act 82-740, p. 196, §18.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27A-31.17.htm - 1K - Match Info - Similar pages
11-50A-11
Section 11-50A-11 Validation of contracts. When payments required by the provisions of Section 11-50A-17 to be made by any municipality authorized to contract with the authority pursuant to Section 11-50A-17 are pledged as security for the payment of bonds sought to be validated, the petition for validation shall make parties defendant to that action every municipality which has contracted with the authority for the output, capacity, use or service of the project for which bonds are sought to be validated. Notice to the taxpayers and citizens of such municipality shall be made as provided in Section 11-81-222(d). Every other party, public or private, contracting with the authority in any manner with relation to the construction, ownership or operation of the project for which bonds are sought to be validated may also be made parties defendant to that action. (Acts 1981, No. 81-681, p. 1114, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-11.htm - 1K - Match Info - Similar pages
11-81-222
Section 11-81-222 Contents of complaint; order and notice of hearing to show cause why obligations not valid. (a) The complaint by appropriate allegations, references or exhibits shall briefly state the following: the authority for issuing such obligations; the resolution or resolutions authorizing their issuance and the fact of their adoption and all essential proceedings had or taken in connection therewith; the amount of the obligations to be issued; the maximum rate of interest they are to bear; when principal and interest are to be paid and the place of payment (unless the successful bidder at public sale will have the right to name, designate, request or suggest the place of payment, which shall be stated if this is the case); the taxes, other revenues or other means provided for their payment; and, in the case of obligations payable from taxes, the amount of outstanding indebtedness payable or secured by the same taxes and the assessed valuation for the then preceding tax year...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-222.htm - 4K - Match Info - Similar pages
16-65-13
Section 16-65-13 Interest of bondholders protected; enforceability. While any of the bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority or of any of its officers shall not be diminished or impaired in any manner that will affect adversely the interest and rights of the holders of such bonds. The provisions of this chapter shall be for the benefit of the state, the authority, and the holders of any such bonds, and upon the issuance of the bonds as herein provided, such provisions shall constitute a contract with the holders of such bonds. The provisions of any bond resolution, indenture, or trust agreement shall be a contract with every holder of such bonds and the duties of the authority under any such bond resolution, indenture, or trust agreement shall be enforceable by any bondholder by mandamus or other appropriate suit, action, or proceeding at law or in equity. (Acts 1997, No. 97-388, p. 632, §13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-65-13.htm - 1K - Match Info - Similar pages
22-23A-15
Section 22-23A-15 Purpose of chapter. This chapter is intended to aid the state through the furtherance of its purposes 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, the purchase of any loans or the making of any loan to a community water system, the issuance of any bonds, or the exercise of any other of its powers by the authority. (Acts 1988, 1st Ex. Sess., No. 88-857, p. 338, §15.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23A-15.htm - 917 bytes - Match Info - Similar pages
24-1A-15
Section 24-1A-15 Freedom of authority from state supervision and control; authority deemed independent instrumentality. 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, the purchase of any mortgage loans or the making of any loan to a mortgage lender, the acquisition of any mortgage, the acquisition of, or any dealing with respect to, any mortgaged property, 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. (Acts 1980, No. 80-585, p. 899, §17.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-15.htm - 1K - Match Info - Similar pages
|