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45-49A-64.13
Section 45-49A-64.13 Cooperation; aid from other public bodies. 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 such terms and with or without consideration,
as it may determine may do all of the following: (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 or 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...
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11-54-171
Section 11-54-171 Definitions. The following words and phrases used in this article
shall, in the absence of clear implication otherwise, be given the following interpretations:
(1) APPLICANT. A person who files a written application with the governing body of any municipality
in accordance with Section 11-54-173. (2) AUTHORITY. A public corporation organized
pursuant to this article. (3) AUTHORIZING MUNICIPALITY. Any municipality the governing body
of which shall have adopted an authorizing resolution. (4) AUTHORIZING RESOLUTION. A resolution
adopted by the governing body of any municipality in accordance with Section 11-54-173,
that authorizes the incorporation of an authority. (5) BOARD. The board of directors of an
authority. (6) BONDS. Includes bonds, notes, and certificates representing an obligation to
pay money. (7) COUNTY. Any county in the state. (8) DIRECTOR. A member of the board of an
authority. (9) GOVERNING BODY. With respect to a municipality, its city or town council,...
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11-54A-2
Section 11-54A-2 Definitions. The following words and phrases used in this chapter,
and others evidently intended as the equivalent thereof, in the absence of clear implication
herein otherwise, shall be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of any city in accordance
with Section 11-54A-4. (2) AUTHORITY. Any redevelopment authority organized pursuant
to this chapter. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing body of
any city in accordance with Section 11-54A-4, that authorizes the corporation of the
authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Shall include bonds,
notes, and certificates representing an obligation to pay money. (6) CITY. Any incorporated
city or town in the State of Alabama with respect to which a redevelopment authority may be
organized. (7) DIRECTOR. A member of the board of the authority. (8) DEVELOPMENT AREA....
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22-23B-2
Section 22-23B-2 Definitions. The following words and phrases, whenever used in this
chapter, shall have the following respective meanings unless the context clearly indicates
otherwise: AUTHORITY. The corporation organized pursuant to the provisions of this chapter
as a public corporation, agency and instrumentality of the state and known as the "Alabama
Drinking Water Finance Authority." AUTHORIZING RESOLUTION. A resolution, order or other
proceedings adopted by the board of directors of the authority authorizing the issuance of
bonds, agreements and related matters. BOARD OF DIRECTORS. The board of directors of the authority.
BOND PROCEEDS. The net proceeds of sale of bonds or notes, and the income derived from the
investment of such proceeds. BONDS. The bonds, notes or obligations or other evidences of
indebtedness issued by the authority under the provisions of this chapter. DEPARTMENT. The
Alabama Department of Environmental Management or any successor. FEDERAL ACT. The Act of...
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11-49B-13
Section 11-49B-13 Cooperation; aid from other public bodies. A county, municipality,
or other political subdivision, public corporation, agency, or instrumentality of this state
may, 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, upon any terms and with or without consideration,
may: (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 service or for...
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11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution;
bond resolution covenants. (a) The authority shall, prior to the adoption by the board of
a resolution authorizing the issuance of any bonds, enter into one or more contracts with
two or more municipalities which are authorized to contract with the authority pursuant to
Section 11-50A-17. Any resolution of the board authorizing the issuance of bonds may
authorize those bonds to be issued in more than one series, and the issuance of each series
of bonds so authorized by that resolution need not be preceded by the entering into by the
authority of additional contracts pursuant to Section 11-50A-17. (b) The board may
by resolution or resolutions authorize the issuance of bonds. Unless otherwise provided therein,
the resolution or resolutions shall take effect immediately and need not be published or posted.
The board may authorize such types of bonds as it may determine, subject only to any agreement
with...
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11-54-54
Section 11-54-54 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc. All bonds issued by a municipality under authority of this article shall
be limited obligations of the municipality, the principal of and interest on which shall be
payable solely out of the revenues derived from the leasing of the project to finance which
the bonds are issued. Bonds and interest coupons issued under the authority of this article
shall never constitute an indebtedness of the municipality within the meaning of any state
constitutional provision or statutory limitation and shall never constitute nor give rise
to a pecuniary liability of the municipality or a charge against its general credit or taxing
powers, and such fact shall be plainly stated in the face of each such bond. Such bonds may
be executed and delivered at any time and from time to time, may be in such form and denominations,
may be of such tenor, may be in registered or bearer form either as to principal...
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39-7-13
Section 39-7-13 Purpose and powers of authority generally; sale, transfer and conveyance
of entire water system to public corporation authorized to conduct business of water distribution
system. (a) An authority shall be incorporated for the purpose of conducting and developing
the enterprise in which it may engage in such manner that the services afforded by such enterprise
shall be available for public uses and to all inhabitants of the municipality and the surrounding
area for domestic and industrial uses at the lowest cost consistent with sound economy and
prudent management. Every authority incorporated under this chapter is hereby vested with
all powers necessary and requisite for the accomplishment of such purpose for which such authority
is incorporated capable of being delegated by the Legislature of the State of Alabama. The
authority shall have the power to acquire, construct, reconstruct, extend, improve and maintain
and operate any plant, works, system, facilities or...
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41-10-755
Section 41-10-755 Bonds of the authority. (a) General. The authority is authorized from
time to time to sell and issue its bonds for the purpose of providing funds to be transferred
to and deposited in the Alabama Trust Fund and the Rainy Day Account, to provide additional
funds to the Alabama Medicaid Agency, for paying the costs of transportation projects, and
for the purpose of refunding any or all of the authority's outstanding bonds. (b) Sources
of payment. Bonds issued by the authority shall be solely and exclusively an obligation of
the authority and shall not create an obligation or debt of the state. Such bonds shall not
be general obligations of the authority but shall be payable solely from one or more of the
following sources: (1) Appropriated funds. (2) The income or proceeds realized by the authority
under any mortgage or security granted to the authority. (3) Amounts derived from any letter
of credit, insurance policy, or other form of credit enhancement applicable to...
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11-47-210.1
Section 11-47-210.1 Legislative findings and declarations. The Legislature finds and
declares all of the following: (1) Through this article, the Legislature has (i) granted to
each municipality in the state, acting either individually or in cooperation with one or more
other municipalities, the power to acquire, operate, manage, and control parks, playgrounds,
and other recreational or athletic facilities and to authorize the organization of an authority,
as a public corporation, to act on behalf of the municipality or municipalities in providing
for the ownership and management of parks, playgrounds, and other recreational or athletic
facilities, (ii) provided for the organization of the authorities, and (iii) specified certain
powers to be enjoyed by such an authority. (2) In order to facilitate the accomplishment of
the legislative objectives reflected in this article and to provide for a greater degree of
mutual cooperation among separate political subdivisions, it is necessary,...
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