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33-12-5
grants or other assistance from federal, state and local governments or from agencies of such
governments and by issuing in its own name revenue bonds pledging a portion of the revenues
from such facilities. f. Arrange with any city, county, municipality or supplier of utilities
for the abandonment, relocation or other adjustment of roads, highways, bridges and utility
lines. (3) LAND ACQUISITION. The agency may acquire by purchase, lease, gift or condemnation
property of any kind, real, personal or mixed, or any interest therein, that the board
deems necessary or convenient to the exercise of its powers or functions; provided, that acquisition
by condemnation shall be limited to land, rights in land, including leaseholds and easements,
and water rights in the Alabama portion of the Elk River Watershed that the board determines
to be necessary to the control and optimum development of the Elk River. The amount and character
of the interests in land, rights in land and water rights...
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45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other powers
now or hereafter granted by law, the authority shall have the following powers, together with
all powers incidental thereto or necessary to the discharge thereof in corporate form: (1)
To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by the Jackson
County Commission which are required by law to be deposited to the credit of the Jackson County
Water Authority. c. The revenues derived from any water, sewer, or garbage system or facility
of the authority. (2) To pledge for payment of any bonds issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.06.htm - 13K - Match Info - Similar pages
33-10-24
Section 33-10-24 Issuance of bonds. The commission is granted the power to incur debt and issue
bonds by any of the means authorized by the Constitution and laws of the State of Alabama.
Any revenue-producing wharf, dock, warehouse, elevator, industrial facility or other structure
owned by or to be acquired by the commission from proceeds of bonds issued by it is hereby
declared to be a revenue-producing public utility as that term is used and defined by the
Constitution and laws of the state in connection with the issuance of revenue bonds of political
subdivisions of the state. As an additional grant of authority beyond other provisions of
the Constitution, the commission is authorized to issue negotiable bonds for any purpose within
their delegated authority, and to pledge for the payment of the principal and interest of
such negotiable bonds the income and revenues derived or to be derived from the properties
and facilities maintained and operated by them or received by the...
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45-37A-54.67
shall have the power to borrow money and to issue revenue bonds as evidence of any money so
borrowed, which bonds shall be payable solely from the revenues derived from the fairs, exhibitions,
amusements, and other activities and enterprises in which the authority is hereby authorized
to engage. As security for any money so borrowed, together with interest thereon and any obligations
incurred or assumed, the authority may mortgage, pledge, or otherwise transfer and convey
its real, personal, and mixed property, or any part or parts thereof, whether then
owned or thereafter acquired, including any franchises then owned or thereafter acquired,
and all or any part of the revenues derived from the fairs, exhibitions, amusements, and other
activities and enterprises in which the authority is hereby authorized to engage. The instrument
whereunder such mortgage or pledge shall be made may contain such agreements as the authority
shall deem advisable respecting the rights and duties...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-54.67.htm - 3K - Match Info - Similar pages
11-81-16
Section 11-81-16 Pledge of revenues from certain taxes, utilities, etc., for payment of principal
and interest on bonds. In any case in which a county or municipality may hereafter issue any
bonds which are general obligations of such county or municipality, there may be pledged to
the payment of the principal of an interest on such bonds all or any part or portion of funds
which may be derived from any one or more of the following sources and which shall not be
required for the purpose of making good any valid pledge thereof theretofore made or which
are not required by the Constitution to be devoted to other purposes and which such county
or municipality may at any time be authorized to levy, collect or receive: (1) The proceeds
of any property tax; (2) The proceeds of any license, privilege or occupational tax, excepting
such license taxes as may be levied by municipalities for conducting business outside their
corporate limits; (3) The portion of any license, privilege or...
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11-86A-12
and recreation purposes to other public persons and to any organization which is described
in Section 501(c)(3) of the Internal Revenue Code of 1986, as in effect from time to time,
or as recodified, or any corresponding provision of any future revenue law. (9) To accept
gifts, grants, bequests, or devises. (10) To accept grants of money from public persons and
to enter into binding agreements with those entities, with or without consideration. (11)
To accept donations of money or real or personal or mixed property. (12) To invest
in bank deposits, U.S. Treasury obligations, instruments, real, personal, or mixed
property, and other investments as the board of directors may determine to be appropriate
and convenient to accomplish any purpose for which an authority is organized, including works
of internal improvement. (13) To appoint, contract with, and employ officers, employees, and
agents including, but not limited to, engineers, accountants, attorneys, architects, construction...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-86A-12.htm - 5K - Match Info - Similar pages
11-81-141
Section 11-81-141 Powers of municipalities or counties generally; provisions in instruments
or deeds of trust creating pledges, mortgages, liens, etc., for payment of bonds; determination
of costs of acquisition, construction, etc., of undertakings. (a) In addition to the powers
which it may now have, any municipality or county shall have power under this division: (1)
To acquire by gift or purchase, to construct, to reconstruct, to improve, to better or to
extend any undertaking within or without the municipality or county or partially within or
partially without the municipality or county; (2) To operate and maintain any undertaking
for its own use and for the use of public and private consumers and users within and without
the territorial boundaries of the municipality or county; (3) To lease any undertaking or
portion thereof to any agency or department of the State of Alabama for a period or periods
not exceeding 40 years from the completion of the construction of the work, if...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-141.htm - 6K - Match Info - Similar pages
41-9-682
any of the aforesaid facilities. (c) The authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof: (1) To adopt, alter
and repeal bylaws, not inconsistent with the provisions of this section, for the regulation
and conduct of its affairs and business; (2) To acquire, whether by purchase, construction,
exchange, gift, lease or otherwise and to improve, maintain, equip and furnish one or more
projects, including all real and personal properties which the members of the authority
may deem necessary in connection therewith, regardless of whether or not any such projects
shall then be in existence; (3) To lease to others any or all of its projects and properties
and to charge and collect rent therefor and to terminate any such lease upon the failure of
the lessee to comply with any of the obligations thereof; (4) To receive and accept, from
any source, aid or contributions of money, property, labor or other items of value...
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4-3-47
perpetuity) specified in its certificate of incorporation; (2) To sue and be sued in its own
name in civil actions, excepting actions in tort against the authority; (3) To adopt and make
use of a corporate seal and to alter the same at pleasure; (4) To adopt and alter bylaws for
the regulation and conduct of its affairs and business; (5) To acquire, receive, take and
hold, whether by purchase, option to purchase, gift, lease, devise or otherwise, property
of every description, whether real, personal or mixed, whether in one or more counties
and whether within or without the corporate limits of any authorizing subdivision, and to
manage said property and to develop any property and to sell, exchange, lease or grant an
option to purchase any property (whether developed or undeveloped) owned, leased or controlled
by it; (6) To make, enter into, execute and perform such contracts, agreements, leases and
other instruments and to take such other action as may be necessary or convenient to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-47.htm - 16K - Match Info - Similar pages
11-20-74
Section 11-20-74 Borrowing of money; security. (a) Subject to the conditions, qualifications,
and restrictions set forth in subsection (b), an agriculture authority may borrow money from
any person or governmental entity. As security for any money borrowed, together with interest
thereon, and any obligations incurred or assumed, an agriculture authority may mortgage, pledge,
or otherwise transfer and convey its real, personal, and mixed property, or any part
or parts thereof, whether then owned or thereafter acquired, including any franchises then
owed or thereafter adopted and all or any part of any funds of the authority. In a resolution
authorizing the mortgage given to secure the payment thereof, an agriculture authority, in
addition to its other powers, shall have the power to agree with the several holders of the
mortgage to make, enter, and perform covenants and agreements as to all of the following:
(1) The conduct, management, and maintenance of the properties held by the...
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