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45-2A-80.01
Section 45-2A-80.01 Acquisition and administration of cable television system. In addition
to all other powers, rights, and authority heretofore granted by law: (1) Such municipal corporation
is hereby authorized and empowered to acquire, purchase, construct, lease, operate, maintain,
enlarge, extend, and improve a cable television system which may be defined, without limiting
the generality, as a facility that in whole or in part, receives directly, or indirectly,
or over the air, and amplifies or otherwise modifies the signal transmitting programs broadcast
by one or more television or radio stations, and distributes such signals by wire or cable
to subscribing members of the public who pay for such service; and (2) Such municipal corporation
is hereby authorized and empowered to acquire, purchase, lease, construct, operate, maintain,
enlarge, extend, and improve a system of auxiliary services which may be identified generally
as any communication service, in addition to the cable...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-2A-80.01.htm - 1K - 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
11-50-174
Section 11-50-174 Construction of article; exemption from jurisdiction and regulation of state
Public Service Commission, etc. (a) Nothing contained in this article shall be construed to
authorize any public corporation or municipality to convey any water system in such manner
that title thereto may vest in private ownership; provided, that title to such system may
be subjected to a mortgage, deed of trust, or pledge agreement as security for repayment of
money borrowed by the public corporation to which the same is transferred. Nothing contained
in this article shall be construed as a restriction or limitation upon any authority which
any public corporation or municipality now existing or hereafter formed may have in the absence
thereof, but this article shall be construed to be supplemental and additional to authority
conferred by other laws. No proceedings, notices, or approval shall be required, except as
expressly prescribed in this article, any other law to the contrary...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-174.htm - 1K - Match Info - Similar pages
11-50-10
Section 11-50-10 Provision in mortgages or deeds of trust as to franchise right, etc., of purchaser
at foreclosure sale. Such mortgages or deeds of trust may provide that in the event of the
foreclosure of such mortgage or deed of trust the purchaser at such foreclosure sale may acquire
the right, privilege, and franchise of operating such plants or systems as may be so sold
or conveyed, and such purchaser or his vendee may have the right, authority, and privilege
to carry on and operate such business, plant, or system in the same manner, on the same terms,
and to the same extent as the cities or towns are now authorized to operate until the city
or town may redeem such plants or systems from such mortgage sale. (Acts 1921, Ex. Sess.,
No. 8, p. 6; Code 1923, §2008; Code 1940, T. 37, §369.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-10.htm - 1K - Match Info - Similar pages
11-50-529
Section 11-50-529 Bonds - Rights and remedies of bondholders. In addition to all other remedies
available under this chapter or by law, any holder of any bonds issued by the corporation,
including the trustee under any mortgage or deed of trust executed as security therefor, shall
have the right, subject to any contractual limitations and to the prior or superior rights
of others: (1) By mandamus or other suit, action or proceeding to enforce his rights against
the corporation and the board and its officers, including the right to require the fixing
and collection of uniform schedules of rates and charges adequate to carry out any agreement
made by the corporation as to, or pledge of, the revenues of the corporation, and to require
the corporation and the board and its officers to carry out any other agreements with the
holders of such bonds and the trustee; (2) By civil action to enjoin any acts or things which
may be unlawful or in violation of the rights of the holders of the bonds...
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5-25-2
Section 5-25-2 Definitions. For purposes of this chapter, the following terms shall have the
following meanings: (1) BORROWER. A natural person who submits an application for a loan secured
by a first or subordinate mortgage or deed of trust on a single-family to four-family home
to be occupied by the borrower as the borrower's primary residence. (2) COMMITMENT. A written
statement by a lender that sets forth the terms and conditions upon which the lender is willing
to make a particular mortgage loan to a particular borrower. A good faith estimate provided
under the Federal Real Estate Settlement Procedures Act is not a commitment for the purposes
of Act 2009-624. (3) CONTROL. The direct or indirect possession of the power to direct or
cause the direction of the management and policies of a person, whether through the ownership
of voting securities, by contract, or otherwise, and shall include the terms controlling,
controlled by, and under common control with. (4) DEPARTMENT. The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-25-2.htm - 4K - Match Info - Similar pages
45-23A-91.09
Section 45-23A-91.09 Bonds of authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. (1) The principal of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-23A-91.09.htm - 5K - Match Info - Similar pages
11-22-11
Section 11-22-11 Bond issues - Notice of authorization of issuance; contesting of validity.
Upon the adoption by the board of directors of any resolution providing for the issuance of
bonds, the corporation may, in its discretion, cause to be published once a week for two consecutive
weeks, in a newspaper published in the county, a notice in substantially the following form
(the blanks being properly filled in) at the end of which shall be printed the name and title
of either the chairman or secretary of the corporation: "_____, a public corporation
under the laws of the State of Alabama, on the ____ day of _____, authorized the issuance
of $_____ principal amount of revenue bonds of the said corporation for purposes authorized
in the act of the Legislature of Alabama under which the said corporation was organized. Any
action or proceeding questioning the validity of the said bonds, or the pledge and mortgage
or deed of trust to secure the same, or the proceedings authorizing the same,...
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11-54-179
Section 11-54-179 Bonds of authority generally. (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 of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of and interest on any bonds issued by an authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-179.htm - 5K - Match Info - Similar pages
11-54A-10
Section 11-54A-10 Bonds of authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of an interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-10.htm - 5K - Match Info - Similar pages
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