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41-10-625
trustees, paying agents, investment bankers, and underwriters as the directors deem necessary
or desirable for the conduct of the business of the authority. (15) To make, enter into, and
execute financing agreements and other contracts, agreements, or other instruments, and to
take other actions as may be necessary or convenient to accomplish any purpose for which the
authority was organized or to exercise any power granted to it. (16) To sell, exchange, and
convey any or all real or personal property belonging to the authority whenever its
directors shall find any such action to be in furtherance of the purposes for which the authority
was organized. (17) To acquire, hold, and dispose of real and personal property. (18)
To exercise any power granted by the laws of the state to public or private corporations which
is not in conflict with the public purpose of this division. (19) To adopt and promulgate
administrative regulations necessary or appropriate to effectuate its...
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45-16A-20.02
Section 45-16A-20.02 Funding. (a) In order to provide funds for payment of the costs of the
acquisition, establishment, purchase, construction, maintenance, enlargement, extension, lease,
or improvement of cable systems, telecommunications equipment, and telecommunications systems,
the City of Elba and municipal instrumentalities of the City of Elba, within the limitations
applicable under the Constitution of Alabama of 1901, may become indebted in an amount not
to exceed the costs and the costs incurred in issuing the indebtedness, and in evidence thereof
issue the municipality's or municipal instrumentality's warrants, bonds, or other evidences
of indebtedness, as the case may be, in the manner, tenor, and form as may be otherwise provided
by law, for the issuance of the municipality's or municipal instrumentality's warrants, bonds,
or other evidences of indebtedness generally. The warrants, bonds, or other evidences of indebtedness
issued pursuant to this section shall be payable...
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45-37A-51.05
Section 45-37A-51.05 Retirement and relief fund. (a) For the purpose of the deductions from
salary provided for in this section, the salary of a fireman or policeman shall be deemed
to be the same as his or her salary is for the purpose of payroll deductions provided for
in Section 9 of Act 929. (b)(1) At the end of each payroll period after the effective date
of this subpart, the City of Birmingham shall deduct from the salary of each firefighter police
officer who commenced service on or after May 2, 1978, an amount equal to three and 30/100
percent of his or her salary plus an actuarially determined amount to cover one-half of the
cost of providing a retirement benefit after 20 years of credited service. This amount shall
not exceed the amount necessary to fund the additional cost over a period of 30 years, and
shall be deposited into the supplemental pension system; provided, however, the city shall
not make any such deduction from the salary of any firefighter or police officer...
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22-29-1
Section 22-29-1 Definitions. For the purposes of this chapter, unless otherwise indicated,
the following terms shall have the meanings respectively ascribed to them by this section:
(1) AUTHORITY. The public corporation organized pursuant to the provisions of this chapter
as a public corporation, agency and instrumentality of the state. (2) AUTHORIZING RESOLUTION.
A resolution or order adopted by the board of directors authorizing the issuance of bonds
by the authority or providing for an indenture of trust under and pursuant to which its bonds
are to be issued. (3) BOARD OF DIRECTORS. The board of directors of the authority. (4) BOARD.
The State Board of Health of the State of Alabama or the State Committee of Public Health
or the State Health Officer, whichever at the time has the authority to act in health matters
pursuant to Sections 22-1-3, 22-2-1, 22-2-2, 22-2-6 and 22-2-8. (5) BONDS. The bonds issued
by the authority under the provisions of this chapter. (6) BOND SERVICE...
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45-11-244.10
Section 45-11-244.10 Use of proceeds. The proceeds of any taxes levied pursuant to the authorization
contained in this part shall be used only for the purpose of providing funds to pay the costs
of construction, maintenance, and operation of hospital facilities in the county. The entire
proceeds derived by the county from the taxes herein authorized to be levied, including any
income derived from the investment of such proceeds, shall be paid over and deposited, promptly
upon receipt thereof, into a separate and distinct fund or account of the county, which shall
be accounted for as other county funds; provided, however, the governing body of the county
shall have the further power to designate as the agency of the county to construct, maintain,
and operate the hospital facilities any public hospital corporation heretofore or hereafter
organized for hospital purposes in the county. When a public hospital corporation shall be
so designated, the proceeds of the taxes thereafter collected...
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45-11-245.09
Section 45-11-245.09 Use of proceeds. The proceeds of any taxes levied pursuant to the authorization
contained in this part shall be used only for the purpose of providing funds to pay the costs
of construction, maintenance, and operation of hospital facilities in the county. The entire
proceeds derived by the county from the taxes herein authorized to be levied, including any
income derived from the investment of such proceeds, shall be paid over and deposited, promptly
upon receipt thereof, into a separate and distinct fund or account of the county, which shall
be accounted for as other county funds; provided, however, the governing body of the county
shall have the further power to designate as the agency of the county to construct, maintain,
and operate the hospital facilities any public hospital corporation heretofore or hereafter
organized for hospital purposes in the county. When a public hospital corporation shall be
so designated, the proceeds of the taxes thereafter collected...
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11-101A-2
mortgage and trust indenture, or trust indenture executed by an authority as security for any
of its securities. (15) LEGISLATURE. The Legislature of the state. (16) MUNICIPALITY. An incorporated
city or town of the state. (17) PRINCIPAL OFFICE. The place at which the certificate of incorporation
and amendments thereto, the bylaws, and the minutes of the proceedings of the board of an
authority are kept. (18) PROJECT. Any land 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 use by the United States. (19) SECURITIES.
Bonds, notes, warrants, certificates of indebtedness, or other evidences of indebtedness,
including, without limiting the generality of the foregoing, notes issued in anticipation
of the sale of any of the foregoing. (20) STATE. The State of Alabama. (21) UNITED STATES.
The United States of America or any of its departments, agencies,...
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11-81-181
Section 11-81-181 Pledge of revenues from systems for payment of principal and interest on
bonds; disposition of gross revenues from operation of system generally. (a) In the authorizing
proceedings the borrower shall pledge for payment of the principal and interest on bonds issued
under this article the revenues derived from operation of a system or systems of the borrower
out of which such bonds are made payable; provided, that the borrower may reserve the privilege
of using for any lawful purpose surplus revenues from such system or systems remaining after
compliance with the provisions of this section and any additional requirements contained,
as provided for in this article, in the authorizing proceedings or in a trust indenture. (b)
In the authorizing proceedings or in a trust indenture provided for therein, the borrower
shall agree to deposit the gross revenues from such system or systems daily, as received by
the borrower, into a "gross revenue account" and to apply the gross...
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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...
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11-99B-12
Section 11-99B-12 Loans, sales, grants, guarantees, contractual or lease obligations of money
or property, to district by counties, municipalities, and public corporations. (a) For the
purpose of securing services of or the right to use or the use by its citizens or customers
of one or more projects of a district, or aiding or cooperating with the district in the planning,
development, undertaking, acquisition, construction, extension, improvement, financing, operation,
or protection of a project, any county, municipality, or other political subdivision, public
corporation, agency, or instrumentality of this state may, upon such terms and with or without
consideration, as it may determine: (1) Lend or donate money to, guarantee all or any part
of the indebtedness or operating expense of, or perform services for the benefit of, the district.
(2) Donate, sell, convey, transfer, lease, or grant to the district, without the necessity
of authorization at any election of qualified voters,...
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