11-61A-2
Section 11-61A-2 Definitions. Unless the context plainly indicates otherwise, the following
words and terms have the meanings ascribed to them: (1) AUTHORITY. A public corporation organized
under this chapter. (2) BOARD. The board of directors of an authority organized under this
chapter. (3) BOND. Any bond authorized to be issued under this chapter. (4) COUPON. Any interest
coupon evidencing an installment of interest payable with respect to a bond. (5) DIRECTOR.
A member of a board. (6) GOVERNING BODY. The body in which the general legislative powers
of the municipality are vested. (7) INDENTURE. A mortgage, an indenture of mortgage, deed
of trust, trust agreement, or trust indenture executed by an authority as security for its
bonds. (8) MUNICIPALITY. A Class 2 municipality subject to this chapter. (9) PARKING FACILITY.
Any building, structure, land, right-of-way, equipment, or instrumentality used or useful
in either of the following ways: a. In connection with the construction,...
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45-37A-56.22
Section 45-37A-56.22 Definitions. Unless the context plainly indicates otherwise, the following
words and terms shall have the meanings hereby ascribed to them: (1) AUTHORITY. A public corporation
organized under this subpart. (2) BOARD. The board of directors of the authority (3) BOND.
Any bond authorized to be issued under this subpart. (4) CITY. A city subject to this subpart.
(5) COUPON. Any interest coupon evidencing an installment of interest payable with respect
to a bond. (6) DIRECTOR. A member of the board. (7) GOVERNING BODY. The body in which the
general legislative powers of the city are vested. (8) INDENTURE. A mortgage, and indenture
of mortgage, deed of trust, trust agreement, or trust indenture executed by the authority
as securityfor its bonds. (9) PARKING FACILITY. Any building, structure, land, right-of-way,
equipment, or instrumentality used or useful in connection with the construction, enlargement,
development, maintenance, or operation of an area or building for...
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11-92C-9
Section 11-92C-9 Bonds of authority. (a) Source of payment. All bonds issued by an authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects, or from any other source as may be designated in the proceedings
of the board under which the bonds are authorized to be issued. (b) Pledge of revenues, receipts,
and other security. The principal and interest on any bonds issued by an authority shall be
secured by a pledge of the revenues and receipts out of which the principal and interest may
be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for the bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (c) Resolutions. The resolution under which
the bonds of an authority are authorized to be issued and any mortgage and deed of trust or
trust indenture may contain any agreements and provisions respecting the...
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11-56-1
Section 11-56-1 Definitions. The following words and phrases, whenever used in this chapter,
shall, in the absence of clear implication otherwise, have the following respective meanings:
(1) CORPORATION OR THE CORPORATION. A corporation organized pursuant to the provisions of
this chapter. (2) BOARD. The board of directors of the corporation. (3) THE STATE. The State
of Alabama. (4) THE MUNICIPALITY. That incorporated city or town in the state which authorized
the organization of the corporation. (5) THE COUNTY. That county in which the certificate
of incorporation of the corporation shall be filed for record. (6) LOCAL SUBDIVISION. The
municipality or the county. (7) PUBLIC CORPORATION. a. Any public corporation (other than
a corporation organized under this chapter) now or hereafter organized or created in the state
pursuant to the authorization or determination by the municipality, by the municipality and
one or more other cities and towns in the state, by the county, by the county...
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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...
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11-49B-9
Section 11-49B-9 Bonds of authority. All bonds issued by the authority shall be signed by the
chair of its board or other chief executive officer and attested by its secretary, and the
seal of the authority shall be affixed to the bond, and any interest coupons applicable to
the bonds of the authority shall be signed by the chair of its board or other chief executive
officer. A facsimile of the signature of one, but not both, of the officers may be printed
or otherwise reproduced on any of the bonds in lieu of his or her manually signing the bonds,
a facsimile of the seal of the authority may be printed or otherwise reproduced on any of
the bonds in lieu of being manually affixed to the bonds, and a facsimile of the signature
of the chair of its board or other chief executive officer may be printed or otherwise reproduced
on any interest coupons in lieu of his or her manually signing the bonds. Bonds may be executed
and delivered by the authority and from time to time, shall be in such...
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11-50A-1
Section 11-50A-1 Definitions. As used in this chapter, the following words shall have the following
meanings unless the context clearly indicates otherwise: (1) AUTHORITY. Alabama Municipal
Electric Authority created pursuant to this chapter and any successor or successors thereto.
(2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by the authority
under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION NOTES.
Short term obligations issued by the authority in anticipation of the issuance of bonds. (5)
COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment, alteration,
repair, or extension of any project; all costs of real and personal property required for
the purposes of any project, including any rights or undivided interest therein; all costs
of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates,
and all costs of securing any permits, approvals, licenses,...
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45-30-250.07
Section 45-30-250.07 Contracts of the authority. (a) As security for payment of the principal
of and interest on bonds or obligations assumed by it, the authority may enter into any contract
binding itself for the proper application of the proceeds of bonds and other funds, for any
of the following purposes: (1) The continued operation and maintenance of any water system
owned by it, or any part or parts thereof. (2) The imposition and collection of reasonable
rates for, and the promulgation of reasonable regulations respecting any service furnished
from any system or facility. (3) The disposition and application of its gross revenues or
any part thereof. (4) Any other act or series of acts necessary for the protection of the
bonds and other obligations being secured and the assurance that the revenues from the system
or facility shall be sufficient to operate and maintain the system or facility, pay the principal
of and interest on any bonds payable from the revenues, and maintain...
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11-49B-10
Section 11-49B-10 Contracts to secure bonds and assumed obligations. As security for payment
of the principal of and the interest on bonds issued or obligations assumed by it, the authority
may do the following: (1) 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 of the system. (2) Impose and collect reasonable
rates for any service furnished by the system. (3) Promulgate rules and regulations respecting
any service furnished by the system. (4) Provide for the disposition and application of its
gross revenues received by the system. (5) Do any act or series of acts not inconsistent with
this chapter for the protection of the bonds and other obligations being secured by the authority.
(6) Assure that the revenues derived from the system, when added to all other moneys of the
authority, will be sufficient to operate and maintain...
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11-88-8
Section 11-88-8 Bonds of authority - Form, terms, denominations, etc.; sale; execution and
delivery; refunding; liability thereon; security for payment of principal and interest and
payment thereof generally; provisions in mortgages, deeds of trust or trust indentures executed
as security for payment of bonds generally. All bonds issued by the authority shall be signed
by the chairman of its board or other chief executive officer and attested by its secretary
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to the bonds of the authority shall be signed by the chairman of its board or other chief
executive officer; provided, that a facsimile of the signature of one, but not both, of said
officers may be printed or otherwise reproduced on any such bonds in lieu of his manually
signing the same, a facsimile of the seal of the authority may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto and a...
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