11-50-171
Section 11-50-171 Publication of notice of adoption of resolution authorizing transfer, certain
terms thereof, etc.; limitation period for action to restrain proposed transfer, etc. (a)
After the adoption of proceedings providing for the transfer and conveyance of any water system
or systems, the public corporation and municipality or municipalities proposing to make such
transfer and conveyance shall cause to be published once a week for two successive weeks in
a newspaper having general circulation within the limits of such municipality or municipalities
a notice in substantially the following form (the blanks being first properly filled in) with
the names of the public corporation and the municipality or municipalities appended thereto:
"A resolution has been adopted by the board of directors of the _____ (herein insert
the name of the public corporation proposing to make the transfer) and a resolution (or resolutions)
has (or have) been adopted by the governing body (or bodies) of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-171.htm - 4K - Match Info - Similar pages

45-49A-64.15
Section 45-49A-64.15 Freedom of authority from Public Service Commission and other state supervision
and control. This part is intended to aid the state in the execution of its duties by providing
appropriate and independent instrumentalities of the state with full and adequate powers to
fulfill their functions. Except as in this part expressly otherwise provided, no proceeding,
notice, or approval shall be required for the incorporation of any authority or the amendment
of its certificate of incorporation, the acquisition of any property or transit system, or
the issuance of any bonds, mortgage, and deed of trust, or trust indenture. The authority,
every transit system of the authority, any public transportation service provided by the authority,
and the rates and charges thereof shall be exempt from all jurisdiction of, and all regulation
and supervision by, the Public Service Commission. Neither a public hearing nor the consent
of the State Department of Finance shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-64.15.htm - 1K - Match Info - Similar pages

11-50A-13
Section 11-50A-13 Immunity from liability; credit not pledged. (a) Neither the members of the
election committee, the members of the board nor any individual executing bonds, bond anticipation
notes or notes on behalf of the authority shall be personally liable thereon by reason of
the issuance thereof. (b) Neither the bonds, bond anticipation notes nor notes issued under
provisions of this chapter nor the instruments evidencing the obligations which constitute
the security therefor shall constitute a debt or a loan or pledge of the full faith and credit
of the state or of any municipality, but all bonds, bond anticipation notes and notes shall
be payable solely from the sources described in Section 11-50A-19 as provided in the resolutions
or trust agreements or indentures authorizing or securing the issuance and payment of the
bonds, bond anticipation notes or notes, as the case may be. The issuance of bonds, bond anticipation
notes or notes shall not obligate the state or any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-13.htm - 1K - Match Info - Similar pages

11-80-7
Section 11-80-7 Authority of municipalities, counties, public corporations, boards of education,
etc., with respect to letters of credit as security for bonds, notes, etc. Any municipality,
county, public corporation, city or county board of education, the State Board of Education,
or any other entity organized pursuant to authorization, determination finding or other action
by any municipality or municipalities, or county or counties, or the governing body of any
one or more thereof, or any public officer or officers of the State of Alabama, is hereby
authorized: (1) To acquire a letter or letters of credit as security for any bonds, notes,
warrants, or other evidences of indebtedness or securities; (2) To pledge such letter or letters
for the benefit of such bonds, notes, warrants, or other evidences of indebtedness or securities;
(3) To pay the premium or premiums on such letter or letters from the proceeds of any such
bonds, notes, warrants, or other evidences of indebtedness or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-80-7.htm - 1K - Match Info - Similar pages

11-94-10
Section 11-94-10 Bonds of authority - From what source payable; form; denominations; terms;
redemption; sale; subsequent issues; negotiability. (a) All bonds and securities issued by
an authority shall be payable solely out of the revenues derived by the authority from the
leasing, sale or operation of any or all of its projects as may be designated in the proceedings
of its board under which the same shall be authorized to be issued. None of the bonds, securities
or notes of an authority shall ever constitute an obligation or debt of the state, of any
authorizing subdivision, or of any county or municipality of the state or a charge against
the credit or taxing powers of any of them. (b) Bonds of any authority may be executed and
delivered by the authority at any time and from time to time, may be in such form and denominations
and of such tenor and maturities, may be in registered or bearer form, either as to principal
or interest or both, may be payable at such time or times not...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-94-10.htm - 3K - Match Info - Similar pages

14-2-19
Section 14-2-19 Bonds - Disposition of proceeds. (a) All proceeds derived from the sale of
any bonds, except refunding bonds, sold by the authority, remaining after payment of the expenses
of issuance thereof, shall be turned over to the State Treasurer, shall be carried in a special
account to the credit of the authority, and shall be subject to be drawn on by the authority
solely for the purposes of: (1) Acquiring land for and constructing, reconstructing and equipping
thereon one or more facilities; (2) Constructing additional improvements on property currently
owned by the Department of Corrections or the authority in order to provide for additional
bedspace; (3) Paying all reasonable and necessary expenses incidental thereto, including filing,
recording, surveying, legal and engineering fees and expenses; (4) Paying the interest which
will accrue on the said bonds during the period required for the construction and equipment
of the said facilities and for a period not exceeding...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-2-19.htm - 2K - Match Info - Similar pages

41-10-63
Section 41-10-63 Authority and procedure for pledge of revenues of authority and creation of
statutory lien upon facilities and properties thereof for payment of principal and interest
on bonds; remedies upon default in payment of principal or interest on bonds. (a) In the proceedings
authorizing the issuance of any of its bonds, the authority is hereby authorized and empowered
to pledge for the payment of the principal of and interest on such bonds, as the said principal
and interest shall respectively mature, and to agree to use solely for such purpose all the
revenues which under the provisions of Section 41-10-65 are provided for the payment of the
said principal and interest. All such pledges made by the authority shall take precedence
in the order of the resolutions containing such pledge. (b) In said proceedings the authority
may further provide and create a statutory lien upon the facilities and properties of the
authority as security for the payment of said principal and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-63.htm - 3K - Match Info - Similar pages

11-32-13
Section 11-32-13 Powers of localities, agencies, etc. For the purpose of securing public transportation
or aiding or cooperating with the authority in the planning, development, undertaking, construction,
acquisition, extension, improvement, operation, or protection of transit systems, any county,
municipality or other political subdivision, public corporation, agency, or instrumentality
of this state, upon the terms and with or without consideration, as it determines, may do
the any of the following: (1) Lend or donate money to, or perform services for the authority.
(2) Donate, sell, convey, transfer, lease, or grant to the authority, without the necessity
of authorization at any election of qualified voters, any property of any kind, including,
but without limitation, any transportation systems, any interest in any system, and any franchise.
(3) Provide that all or a portion of the taxes or funds available or to become available to,
or required by law to be used by it for public...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-32-13.htm - 1K - Match Info - Similar pages

11-49A-14
Section 11-49A-14 Powers of localities, agencies, etc. For the purpose of securing public transportation
or aiding or cooperating with the authority in the planning, development, undertaking, construction,
acquisition, extension, improvement, operation, or protection of transit systems, 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, or perform services for the benefit of, the authority; (2) Donate,
sell, convey, transfer, lease, or grant to the authority, without the necessity of authorization
at any election of qualified voters, any property of any kind, including, but without limitation,
any transit systems, any interest in any thereof, and any franchise; (3) Provide that all
or a portion of the taxes or funds available or to become available to, or required by law
to be used by it for public transportation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-49A-14.htm - 1K - Match Info - Similar pages

11-94-15
Section 11-94-15 Liability of authorizing subdivisions upon bonds, obligations and agreements
of authority; other actions by authorizing subdivisions to attain objectives of chapter. (a)
Neither of the authorizing subdivisions of an authority shall in any event be liable for the
payment of the principal of, interest and premium, if any, on any bonds of an authority or
for the performance of any pledge, assignment, indenture, obligation or agreement of any kind
whatsoever which may be undertaken by an authority and none of the bonds of an authority or
any of its agreements or obligations shall be construed to constitute an indebtedness of any
authorizing subdivision within the meaning of any constitutional or statutory provision whatsoever.
(b) For the purpose of attaining the objectives of this chapter, either of the authorizing
subdivisions, any other county or municipality of the state, and any other political subdivision,
public corporation, agency or instrumentality of the state or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-94-15.htm - 3K - Match Info - Similar pages