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24-1-27
in connection with a project. (10) To lease or rent any of the dwelling or other accommodations
or any of the lands, buildings, structures, or facilities embraced in any housing project
and to establish and revise the rents or charges therefor. (11) To enter upon any building
or property in order to conduct investigations or to make surveys or soundings. (12) To purchase,
lease, obtain options upon, acquire by eminent domain, gift, grant, bequest, devise, or otherwise,
any property, real or personal, or any interest therein from any person, firm, corporation,
city, or government. (13) To sell, exchange, transfer, assign, or pledge any property, real
or personal, or any interest therein to any person, firm, corporation, city, or government.
(14) To own, hold, clear, and improve property. (15) To pay over to the city in which the
authority is organized all or any part of the proceeds received from the sale of any real
or personal property; provided, however, that an authority may pay...
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41-16-50
Section 41-16-50 Contracts for which competitive bidding required. (a) With the exception of
contracts for public works whose competitive bidding requirements are governed exclusively
by Title 39, all expenditure of funds of whatever nature for labor, services, work, or for
the purchase of materials, equipment, supplies, or other personal property involving
fifteen thousand dollars ($15,000) or more, and the lease of materials, equipment, supplies,
or other personal property where the lessee is, or becomes legally and contractually,
bound under the terms of the lease, to pay a total amount of fifteen thousand dollars ($15,000)
or more, made by or on behalf of any state trade school, state junior college, state college,
or university under the supervision and control of the Alabama Community College System, the
Alabama Fire College, the district boards of education of independent school districts, the
county commissions, the governing bodies of the municipalities of the state, and the...
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45-4-244.20
or corporation (including the State of Alabama and its Alcoholic Beverage Control Board in
the sale of alcoholic beverages of all kinds, the University of Alabama, Auburn University,
and all other institutions of higher learning in the state, whether such institutions be denominational,
state, county, or municipal institutions, any association or other agency or instrumentality
of such institutions) engaged or continuing within Bibb County in the business of selling
at retail any tangible personal property whatsoever, including merchandise and commodities
of every kind and character (not including, however, bonds or other evidence of debt or stocks,
nor sales of materials and supplies to any person for use in fulfilling a contract for the
painting, repair, or reconditioning of vessels, barges, ships, and other watercraft of over
50 tons burden), an amount equal to one percent of the gross proceeds of sales of the business
except when a different amount is expressly provided herein....
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11-20-37
the period specified in the certificate of incorporation unless sooner dissolved as provided
in this article; (2) To sue and be sued and to prosecute and defend civil actions in any court
having jurisdiction of the subject matter and of the parties; (3) To have and to use a corporate
seal and to alter the same at pleasure; (4) To acquire, whether by purchase, construction,
exchange, gift, lease or otherwise, improve, maintain, equip and furnish one or more projects,
including all real and personal properties which the board of directors of the corporation
may deem necessary in connection therewith and regardless of whether or not any such projects
or any part thereof shall then be in existence; (5) To sell, exchange, donate and convey,
to contract to sell, exchange and convey and to grant, with or without additional consideration,
options to acquire any or all of its properties whenever its board of directors shall find
any such action to be in furtherance of the purposes for which...
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11-97-2
The board of directors of a corporation. (4) BONDS. Bonds, notes, or other obligations representing
an obligation to pay money. (5) CORPORATION. Any public corporation organized pursuant to
the provisions of this chapter. (6) COSTS. As applied to a facility or any portion thereof,
shall include all or any part of the cost of construction, acquisition, alteration, enlargement,
extension, reconstruction, improvement, and remodeling of a facility, including all lands,
structures, real or personal property, rights, rights-of-way, franchises, easements,
permits, approvals, licenses, and certificates and interests acquired or used for, in connection
with or with respect to a facility, the cost of demolishing or removing any buildings or structures
on land so acquired, including the cost of acquiring lands to which such buildings or structures
may be moved, the cost of all machinery and equipment, financing charges, underwriters' commissions
or discounts, interest prior to, during, and...
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37-5-3
nor to limit any such grant to a power or powers of the same class or classes as those enumerated.
The district is empowered to do all acts necessary, proper or convenient in the exercise of
the powers granted under this chapter. Any district created pursuant to this statute shall
have the power: (1) To sue and be sued. (2) To have a seal. (3) To acquire by purchase, gift,
devise, lease or exercise of the power of eminent domain or other mode of acquisition, hold
and dispose of real and personal property of every kind within or without the district,
subject to mortgages or any other liens. (4) To make and enter into contracts, conveyances,
mortgages, deeds of trust, bonds or leases. (5) To incur debts, to borrow money, to issue
negotiable bonds and to provide for the rights of holders thereof. (6) To fix, maintain and
collect rates and charges for any service. (7) To pledge all or any part of its revenues.
(8) To make such covenants in connection with the issuance of bonds or to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-5-3.htm - 2K - Match Info - Similar pages
11-61A-15
Section 11-61A-15 Issuance of bonds. (a) The authority may issue bonds under and secured by
an indenture between the authority and a trustee. The trustee may be a private person or corporation,
including, but not limited to, any trust company or bank having trust powers, whether the
bank or trust company is located within or without the state. (b) In any indenture or resolution
providing for the issuance of bonds, the authority may pledge, for payment of the principal
of and the interest on the bonds, any of its revenues to which its right then exists or may
subsequently come into existence and may assign, as security for the payment, any of its leases,
franchises, permits, and contracts. In any such indenture the authority may mortgage any of
its properties, including any properties subsequently acquired by it. Any pledge of revenues
shall be valid and binding from the time it is made, and the revenues pledged and subsequently
received by the authority, and any property of the...
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39-7-22
generally; consent of Department of Finance required for issuance or sale of bonds or other
evidence of indebtedness by authority. (a) Subject only to the Constitution of the State of
Alabama, each authority incorporated under this chapter shall have power: (1) To sue and be
sued; (2) To have a seal and alter the same at pleasure; (3) To acquire, by purchase, gift,
devise, lease or exercise of the power of eminent domain or other mode of acquisition, hold
and dispose of property real and personal, tangible and intangible, and interests therein
in its own name, subject to mortgages or other liens or otherwise, and to pay therefor in
cash or on credit and to secure and procure payment of all or any part of the purchase price
thereof on such terms and conditions as it shall determine; (4) To make and enter into contracts,
indentures of trust, leases and bonds; (5) To borrow money and to issue negotiable bonds and
provide for the rights of the holders thereof; (6) To refund any bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-7-22.htm - 4K - Match Info - Similar pages
45-37A-56.35
Section 45-37A-56.35 Security of bonds. In the discretion of the authority any bonds may be
issued under and secured by an indenture between the authority and a trustee. The trustee
may be a private person or corporation, including, but not limited to, any trust company or
bank having trust powers, whether such bank or trust company is located within or without
the state. In any such indenture or resolution providing for the issuance of bonds the authority
may pledge, for payment of the principal of and the interest on such bonds, any of its revenues
to which its right then exists or may thereafter come into existence and may assign, as security
for such payment, any of its leases, franchises, permits, and contracts; and in any such indenture
the authority may mortgage any of its properties, including any properties thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-56.35.htm - 4K - Match Info - Similar pages
11-50-396
purchase, construct, receive, own, operate, maintain, enlarge, extend, and improve any one
or more gas systems the operation of which is provided for in the certificate of incorporation
of the district (whether or not such system or systems were in existence or whether or not
such system or systems were privately owned or municipally owned prior to the acquisition
by such district). (5) To receive, acquire, take, and hold, whether by purchase, gift, or
lease, devise, or otherwise, real, personal, and mixed property of any nature whatsoever
that its board of directors may deem a necessary or convenient part of or useful in connection
with such system or systems. (6) To borrow money for any corporate purpose and to issue in
evidence of the borrowing interest-bearing bonds payable solely from the revenues derived
from the operation of any one or more of its systems. (7) To pledge to the payment of its
bonds any revenues from which the bonds are made payable and to mortgage, pledge, or...
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