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2-6-51
Section 2-6-51 Lease authorized. The Agricultural Center Board is hereby authorized
and empowered to enter into an agreement with the corporation under which agreement all or
any part of the properties of the corporation shall be leased to the board. The lease agreement
shall begin upon the completion of the construction and equipment of the coliseum and the
necessary facilities in connection therewith and shall extend for such period of time as may
be agreed upon by the board and the corporation; provided, that it shall not exceed for any
period later than the last maturity of any bonds which may be issued by the corporation. The
lease agreement shall provide for the payment by the board as rental for the properties covered
thereby of an amount sufficient to pay, as the same respectively mature, the principal of
and interest on all bonds issued by the corporation and to create and maintain a reserve therefor
and shall require the board, as additional rental, to pay the premiums on all...
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11-22-1
Section 11-22-1 Definitions. For the purposes of this chapter, the following terms shall
have the respective meanings ascribed by this section: (1) CORPORATION. Any corporation
organized pursuant to the provisions of this chapter. (2) COUNTY. Any county in this state
with respect to which a corporation may be organized. (3) GOVERNING BODY. The county commission.
(4) MORTGAGE. A mortgage or a mortgage and deed of trust. (5) PROJECT. Any land or any interest
therein, including forests, rivers, streams, waterways, and lakes, and any buildings or other
improvements thereon, and all real and personal properties deemed necessary in connection
therewith, whether or not now in existence, which shall be suitable for a public park, and
all buildings, facilities, and improvements incident thereto or useful in connection therewith,
including but without limitation, picnic areas, camp sites, trailer sites, cabins, lodges,
roads and trails for hiking, bicycling, or horseback riding, nature trails,...
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11-60-1
Section 11-60-1 Definitions. Whenever used in this chapter, unless a different meaning
clearly appears in the context, the following terms, whether used in the singular or plural,
shall be given the following respective meanings: (1) CORPORATION. Any corporation organized
pursuant to the provisions of this chapter. (2) MUNICIPALITY. Any incorporated city or town
in this state with respect to which a corporation may be organized. (3) PROJECT. Any land
and interest therein, including forests, rivers, streams, waterways, and lakes, and any buildings
or other improvements thereon, and all real and personal properties deemed necessary in connection
therewith, whether or not now in existence, which shall be suitable for a public park or other
recreational uses and all buildings, facilities, and improvements incident thereto or useful
in connection therewith, including, but without limitation, picnic areas, campsites, trailer
sites, cabins, lodges, roads and trails for hiking, bicycling or...
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11-62-7
Section 11-62-7 Powers of authority generally; operation of facilities by authority.
(a) Every authority shall have all of the powers necessary and convenient to carry out and
effectuate the purposes and provisions of this chapter, including, without limiting the generality
of the foregoing, the following powers: (1) To have succession in its corporate name for the
duration of time (which may be in perpetuity, subject to the provisions of Section
11-62-17) specified in its certificate of incorporation; (2) To sue and be sued in its own
name in civil suits and actions and to defend suits against it; (3) To adopt and make use
of a corporate seal and to alter the same at pleasure; (4) To adopt, alter, and repeal bylaws,
regulations, and rules, not inconsistent with the provisions of this chapter, for the regulation
and conduct of its affairs and business; (5) To acquire, whether by gift, purchase, transfer,
foreclosure, lease, or otherwise, and to expand, improve, maintain, equip, and...
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11-89A-8
Section 11-89A-8 Powers of authority; location of facilities of authority. (a) Every
authority shall have all of the powers necessary and convenient to carry out and effectuate
the purposes and provisions of this chapter, including (without limiting the generality of
the foregoing) the following powers: (1) To have succession in its corporate name for the
duration of time (which may be in perpetuity, subject to the provisions of Section
11-89A-21 specified in its certificate of incorporation); (2) To sue and be sued in its own
name in civil suits and actions and to defend suit against it; (3) To adopt and make use of
a corporate seal and to alter the same at pleasure; (4) To adopt, alter, and repeal bylaws,
regulations, and rules, not inconsistent with the provisions of this chapter, for the regulation
and conduct of its affairs and business; (5) To acquire, whether by gift, purchase, transfer,
foreclosure, lease, or otherwise, to construct and to expand, improve, operate, maintain,...
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11-89A-9
Section 11-89A-9 Bonds of authority, generally. (a) Any authority 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 funds: (1) To finance
the costs of a facility or facilities; (2) To refund bonds theretofore issued or assumed by
the authority; (3) To provide funds to enable it to achieve any of its other corporate purposes;
or (4) To accomplish any one or more of the objectives referred to in subdivisions (1) through
(4). (b) Any such bonds may be executed and delivered by the authority at any time and from
time to time, may be in such form and denominations and of such tenor and maturities, may
be in registered or bearer form either as to principal or interest or both, may be payable
in such installments and at such time or times, not exceeding 45 years from the date thereof,
may be payable at such place or places whether within or without the State...
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37-13-11
Section 37-13-11 Bonds of authority - Generally. Each authority shall have the power
and is hereby authorized at any time and from time to time to issue and sell its revenue bonds
for any of its corporate purposes. The principal of and the interest on all such bonds shall
be payable solely from, and may be secured by a pledge of, the revenues derived by the authority
from the operation, leasing or sale of any or all of its railroad properties and facilities,
and other property. No bonds issued or contracts entered into by the authority shall ever
constitute or create an obligation or debt of the state, or of any county, city or town within
the state, or a charge against the credit or taxing powers of the state, or of any county,
city or town within the state. Bonds of the authority may be issued by any time and from time
to time, may be in such form, either in bearer form with appurtenant coupons (and subject
to registration as to principal or interest, or both, all as the board may...
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45-29-90.08
Section 45-29-90.08 Contractual powers; additional powers. The authority may: (1) Enter
into contracts with the United States, with the several states, and with individuals, private
corporations, associations, municipalities, and other public agencies, or political subdivisions
of any kind, for the sale of water for municipal, domestic, agricultural, or industrial use,
or for the sale of any other services, facilities, or commodities that the authority may be
in a position to supply. (2) Acquire and develop reservoirs and shoreline lands and provide
for their operation for industrial, recreational, and other uses directly or by concessionaires,
licensees, lessees, or vendees of shoreline lands. (3) Sell or lease shoreline lands, or any
interest therein, in connection with development of the reservoir system, for uses consistent
with the authority's development plan and subject to such restrictions as the authority deems
necessary for reservoir protection and subject to such...
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11-50-340
Section 11-50-340 Definitions. As used in this article, the following words and terms
shall have the following meanings unless the context shall indicate another meaning or intent:
(1) CITY. Any incorporated city in the State of Alabama. (2) COUNCIL. The city council, city
commission, or other board or body in which the general legislative powers of a city shall
be vested. (3) BOARD. A board of water and sewer commissioners created under the provisions
of Section 11-50-341 or, if any such board shall be abolished, the board, body, or
commission succeeding to the principal functions thereof or to which the powers given by this
article to such board shall be given by law. (4) WATER SYSTEM. Such term shall include all
plants, systems, facilities, or properties used or useful or having the present capacity for
future use in connection with the supply or distribution of water, and any integral part thereof,
including but not limited to water supply systems, water distribution systems,...
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11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution,
sale, delivery, redemption, etc.; security for payment of principal or interest; remedies
upon default; liability of municipalities, board, etc., thereupon. (a) Any authority shall
have power to issue from time to time its bonds and notes in such principal amount 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 notes and bonds, the establishment
of reserves to secure any such notes and bonds and all other expenditures of such authority
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
authority shall also have the power to issue from time to time notes to renew notes and bonds
to pay notes, 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...
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