45-16A-20.01
Section 45-16A-20.01 Authority to operate cable, telecommunications, etc., systems. In addition
to all other power, rights, and authority heretofore granted by law, the City of Elba in Coffee
County and municipal instrumentalities of the City of Elba may acquire, establish, purchase,
construct, maintain, enlarge, extend, lease, improve, and operate cable systems, telecommunications
equipment and telecommunications systems, and furnish cable service, interactive computer
service, and Internet access and other Internet services and telecommunications service, or
any combination thereof, to the inhabitants of the municipality and surrounding territory.
Notwithstanding any other provision of this article, the City of Elba in Coffee County and
municipal instrumentalities of the City of Elba may furnish to the inhabitants of the City
of Elba and surrounding territory: Internet access and other Internet services; meter reading
services; appliance, equipment, or facilities monitoring; alarm...
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45-48A-61
Section 45-48A-61 Acquisition and administration of cable television system. As used in this
part, municipal corporation means the City of Guntersville in Marshall County. In addition
to other powers, rights, and authority granted to municipal corporations generally, the municipal
corporation may: Acquire, purchase, construct, lease, operate, maintain, enlarge, and extend
and improve a cable television system which may be defined, without limiting the generality,
as a facility that in whole or in part, receives directly, or indirectly, or over the air,
and amplifies or otherwise modifies the signal transmitting programs broadcast by one or more
television or radio stations, and distributes the signals by wire or cable to subscribing
members of the public living in the municipal corporation or its surrounding territory who
pay for such service. (Act 93-391, p. 673, § 2.)...
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11-50-239
Section 11-50-239 Acquisition, operation, etc., of waterworks system located in another municipality;
execution of contract for conveyance of system in other municipality thereto upon payment
in full of indebtedness of corporation. (a) Each waterworks board now or hereafter organized
under this division, in addition to all other powers conferred on it by law, is hereby further
authorized and empowered to acquire, by purchase from the owner or owners thereof, all or
any part of a waterworks plant or system and any rights incidental thereto located within
the limits of any incorporated municipality in this state other than the municipality within
which such board was organized to operate and thereafter to manage, operate, extend, enlarge,
lease, mortgage, convey, and otherwise control the same as a part of its waterworks system
in the municipality within which such board was organized to operate in all respects as if
the properties so purchased were located in the municipality within...
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11-50-407
Section 11-50-407 Provisions in mortgages, deeds of trust, etc., executed as security for bonds
as to rights of parties thereto, etc.; execution, etc., of contracts as security for repayment
of moneys borrowed. (a) Any mortgage, deed of trust or pledge agreement made by any district
incorporated under this article for the security of any of its bonds or to define the rights,
remedies and privileges of the holders of such bonds and the duties of the district to such
holders may contain such agreements, obligations, covenants and provisions as the board of
directors may deem advisable respecting the operation and maintenance of the gas system or
systems and the collection and application of the revenues subject to such mortgage, deed
of trust or pledge agreement and respecting the rights and duties of the parties to such instrument
or the parties for the benefit of whom such instrument is made, with it being expressly provided
that any such mortgage or deed of trust may be subject to the...
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27-41-29
Section 27-41-29 Particular investments - Bonds, etc., secured by mortgages or deeds of trust
on real property, etc., generally. An insurer may invest in: (1) Bonds, notes, or other evidences
of indebtedness which are secured by a first mortgage lien or deed of trust upon unencumbered
improved real property located in the United States or Canada, including leasehold estates
in such real estate having an unexpired term (inclusive of the term or terms which may be
provided by options of renewal) of not less than 10 years beyond the final maturity of the
loan. Unless guaranteed or insured by the Administrator of Veterans Affairs, the Secretary
of Housing and Urban Development, or by a mortgage guaranty insurance policy issued by an
insurance company licensed and authorized to do business by and in the State of Alabama, no
such mortgage loan or loans when made shall exceed 75 percent of the fair value of the real
estate or leasehold, except that loans made on single family dwellings shall...
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11-50-320
Section 11-50-320 Acquisition, operation, etc., of systems located in another municipality;
execution of contract for conveyance of system in other municipality thereto upon payment
in full of indebtedness of corporation as to such systems. (a) Each corporation organized
under this article or the articles of incorporation of which are amended under this article,
in addition to all other powers conferred on it by this article and by law, is hereby further
authorized and empowered to acquire, by purchase from the owner or owners thereof, or to construct,
or to acquire and construct all or any part of a system or systems, and any rights incidental
thereto, located within the limits of any incorporated municipality in this state other than
the municipality within which such corporation was organized to operate, and thereafter to
manage, operate, extend, enlarge, lease, mortgage, convey, and otherwise control the same
as a part of its system or systems in the municipality within which such...
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11-59-10
Section 11-59-10 Bonds - Security for payment of principal and interest; remedies upon default.
The principal of and interest on any bonds issued by the corporation shall be secured by a
pledge of the revenues out of which the same shall be made payable and may be secured by a
mortgage or deed of trust covering all or any part of the facilities from which the revenues
so pledged may be derived, including all supplies, equipment and easement in connection with
such facilities and any enlargements of and additions to any thereof thereafter made. Any
such mortgage or deed of trust and the resolution under which the bonds are authorized to
be issued may contain any agreements and provisions respecting the management, operation and
maintenance of the facilities covered thereby, the fixing and collection of rents, fees and
charges for any portions thereof leased by the corporation or used by the public or any services
rendered respecting the same, the creation and maintenance of special...
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11-47-3
Section 11-47-3 Contracts and indebtedness for municipal buildings and public utility systems;
consolidation of systems; ancillary service contracts. (a) The governing body of any city
or town may contract for the construction, reconstruction, extension, or repair of any municipal
building, plant, waterworks system, or electric light and power plant or system or may on
credit employ labor and purchase on credit all materials and supplies needed in such construction,
reconstruction, extension, or repair and may, without an election, issue evidences of indebtedness
in the forms and of the maturities described in Section 11-47-2 to the extent of any indebtedness
incurred in such contract or purchase or construction, reconstruction or extension and may
secure such evidences of indebtedness by mortgage or deed of trust (in such form and with
such provisions as such governing body may determine) on such municipal building, plant, waterworks
system, or electric light and power plant or...
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11-50-6
Section 11-50-6 Issuance of bonds for payment for waterworks plants, etc., purchased; security
for bonds; provision in purchase agreement as to disposition of revenues from plants, etc.
In payment for such plants, cities or towns may issue their bonds in the manner provided by
law, and the same may be secured by a mortgage or deed of trust on the plants so purchased.
By the terms of such purchase it may be provided that the revenue of such waterworks may be
collected, controlled, and disbursed by a commission selected in the manner and having the
powers and term of office which may be agreed upon between the vendor of such plant and such
city or town. (Code 1907, §1262; Code 1923, §2004; Code 1940, T. 37, §365.)...
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11-50-101
Section 11-50-101 Issuance, etc., of bonds by municipalities having less than six thousand
inhabitants. Any city or town having a population of less than 6,000 inhabitants may, notwithstanding
the amount or character of any bonded or other indebtedness, issue such bonds, but the same
shall be a lien or charge only against the property improved and drained and against the fund
collected from the assessments levied against the property improved and drained and shall
not be the general obligation of the city or town, nor shall such city or town be in any way
liable to the holders of such bonds in case of failure to collect the same, but such bonds
may be secured by mortgage on or deed of trust to said sewers or sewer system. Such last described
bonds, when issued, shall convey and transfer to the owners thereof all right, title, and
interest in and to the assessment and the lien upon the respective lots or parcels of ground
provided for in this division, which liens and assessments shall...
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