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45-46-90.06
Section 45-46-90.06 Powers of the authority. (a) The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time which may be perpetuity,
subject to Section 45-46-90.18, specified in its certificate of incorporation. (2) To sue
and be sued in its own name in civil suits and actions, excepting actions in tort, 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 and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, receive, and take, by purchase, gift, lease, devise, or otherwise,
and to hold property of every description, real, personal, or mixed. (6) To make, enter into,
and execute such contracts, agreements, leases, and other instruments and to take such other
actions as may be necessary or convenient to accomplish any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46-90.06.htm - 9K - Match Info - Similar pages
37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
11-89B-2
Section 11-89B-2 Form, terms, denominations, etc. of bonds; execution and delivery; interest;
sale; issuance of refunding bonds; liability on bonds; source of payment; use of proceeds;
mortgage, deed of trust, etc., containing certain agreements. All bonds issued pursuant to
the provisions of this chapter shall be signed by the chairman of the board of directors or
other governing body or other chief executive officer of such public corporation and attested
by its secretary and the seal of such public corporation shall be affixed thereto; provided,
that a facsimile of the signatures of both of the officers whose signatures will appear on
the bonds may be imprinted or otherwise reproduced thereon in lieu of being manually signed
if the proceedings in which the bonds are authorized to be issued provide for the manual authentication
of such bonds by a trustee, registrar or paying agent; provided further, that a facsimile
of the seal of such public corporation may be imprinted or otherwise...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89B-2.htm - 6K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-59-10.htm - 3K - Match Info - Similar pages
11-60-11
Section 11-60-11 Bonds - Security for payment of principal or 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 and receipts out of which the same shall be made payable and may be
secured by mortgage or deed of trust covering all or any part of the projects from which the
revenues or receipts so pledged may be derived, including any enlargements of and additions
to any such projects thereafter made. The resolution under which the bonds are authorized
to be issued and any such mortgage or deed of trust may contain any agreements and provisions
respecting the maintenance of the projects covered thereby, the fixing and collection of fees,
rates, tolls and charges for the services, facilities and accommodations furnished by the
corporation and of the rents for any portions thereof leased by the corporation to others,
the creation and maintenance of special funds from such revenues and the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-60-11.htm - 2K - Match Info - Similar pages
11-22-10
Section 11-22-10 Bond issues - Securing of principal and interest; mortgages and deeds of trust;
default. The principal of and interest on any bonds issued by the corporation shall be secured
by a pledge of the revenues and receipts out of which the same shall be made payable and may
be secured by mortgage or deed of trust covering all or any part of the projects from which
the revenues or receipts so pledged may be derived, including any enlargements of and additions
to any such projects thereafter made. The resolution under which the bonds are authorized
to be issued and any such mortgage or deed of trust may contain any agreements and provisions
respecting the maintenance of the projects covered thereby, the fixing and collection of fees,
rates, tolls and charges for the services, facilities and accommodations furnished by the
corporation and of the rents for any portion thereof leased by the corporation to others,
the creation and maintenance of special funds from such revenues and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-22-10.htm - 2K - Match Info - Similar pages
11-95-8
Section 11-95-8 Bonds of corporation - From what source payable; pledge of revenues; execution;
form, interest rate, maturity, sale, and negotiability; nature of obligation and source of
payment; investment eligibility. (a) All bonds issued by a corporation shall be payable solely
from one or more of the following sources as may be designated in the proceedings of the board
under which such bonds shall be authorized to be issued: (1) Hospital taxes; and (2) Revenues
from any hospital facilities owned or operated by it. (b) The principal of and interest on
any bonds issued by a corporation shall be secured by a pledge of the designated revenues
and may be secured by a trust indenture evidencing such pledge or by a non-foreclosable mortgage
and deed of trust conveying as security for such bonds all or any part of the property of
the corporation from which any part of the designated revenues so pledged may be derived.
The resolution of the board under which the bonds are authorized to be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-95-8.htm - 4K - Match Info - Similar pages
11-49A-11
Section 11-49A-11 Bonds - Contracts as security for payment. As security for payment of the
principal of and the interest on bonds issued or obligations assumed by it, the authority
may enter into a contract or contracts binding itself for the proper application of the proceeds
of bonds and other funds, for the continued operation and maintenance of any transit system
owned by it, or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from such system, for the disposition and application of its gross revenues or any part thereof,
and for any other act or series of acts not inconsistent with the provisions of this chapter
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system, when added to all other moneys of the authority available therefor,
will be sufficient to operate such system, maintain the same in good...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-49A-11.htm - 1K - Match Info - Similar pages
45-29-140.07
Section 45-29-140.07 Power to contract. (a) As security for payment of the principal of and
interest on bonds or obligations assumed by it, the authority may enter into a contract or
contracts binding itself for the proper application of the proceeds of bonds and other funds,
for the continued operation and maintenance of any water system and fire protection facilities
owned by it or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from any such system or facility, for the disposition and application of its gross revenues
or any part thereof and for any other act or series of acts not inconsistent with this article
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system or facility will be sufficient to operate such system or facility,
maintain the same in good repair and in good operating condition, pay the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-140.07.htm - 1K - Match Info - Similar pages
45-38-141.07
Section 45-38-141.07 Power to contract. (a) As security for payment of the principal of and
interest on bonds or obligations assumed by it, the authority may enter into a contract or
contracts binding itself for the proper application of the proceeds of bonds and other funds,
for the continued operation and maintenance of any water system and fire protection facilities
owned by it or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from any such system or facility, for the disposition and application of its gross revenues
or any part thereof and for any other act or series of acts not inconsistent with this part
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system or facility will be sufficient to operate such system or facility,
maintain the same in good repair and in good operating condition, pay the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-38-141.07.htm - 1K - Match Info - Similar pages
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