|
11-92C-13
Section 11-92C-13 Exemption from taxation. (a) Any authority formed under this chapter,
a cooperative district of which the authority is a constituent member, the sales, property,
and income of the authority or cooperative district, whether used by it or leased to others,
all bonds issued by the authority or cooperative district, the income from the bonds or from
other sources, the interest and other profits from the bonds inuring to and received by the
holders thereof, conveyances by and to the authority or cooperative district of which the
authority is a member, and leases, mortgages, and deeds of trust by and to the authority or
the cooperative district are exempt from all taxation in the state, inclusive of any ad valorem
taxes or lodgings taxes imposed by the State of Alabama, a municipality, or county. The authority
is exempt from the payment of any fees, taxes, or costs to the judge of probate of any county
in connection with its incorporation or with any amendment to its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-13.htm - 3K - Match Info - Similar pages
11-92C-2
Section 11-92C-2 Definitions. For the purposes of this chapter, the following words
have the following meanings: (1) APPLICANT. A natural person who files a written application
with the governing body of any authorizing subdivision in accordance with Section 11-92C-3.
(2) AUTHORITY. Any local redevelopment authority organized pursuant to this chapter. (3) AUTHORIZING
RESOLUTION. A resolution adopted by the governing body of any authorizing subdivision in accordance
with Section 11-92C-3, which authorizes the incorporation of the authority. (4) AUTHORIZING
SUBDIVISION. Any county or municipality that has adopted an authorizing resolution. (5) BOARD.
The board of directors of an authority. (6) BONDS. Any bonds, notes, certificates, or any
other form of indebtedness representing an obligation to pay money. (7) CONTIGUOUS. Two or
more tracts of land if touching for a continuous distance of not less than 200 feet. The term
shall include tracts of land divided by bodies of water, streets,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-2.htm - 5K - Match Info - Similar pages
16-17-7
Section 16-17-7 Powers of authority. The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time (which may be
in perpetuity, subject to the provisions of Section 16-17-19) specified in its certificate
of incorporation; (2) To sue and be sued in its own name in civil actions and to defend actions
against it; (3) To adopt and make use of a corporate seal and to alter the same at pleasure;
(4) To adopt and alter bylaws for the regulation and conduct of its affairs and business;
(5) To acquire, hold, receive and take by purchase, gift, lease, devise or otherwise, and
to sell, transfer and convey, property of every description, real, personal or mixed, wherever
the same might be located; (6) To make, enter into and execute such contracts, agreements,
leases and other instruments and to take such other actions as may be necessary or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17-7.htm - 4K - Match Info - Similar pages
23-2-147
Section 23-2-147 Bonds; issuance; forms; procedures, etc. (a) The authority is hereby
authorized to provide by resolution for the issuance of bonds of the authority for any of
its corporate purposes, including the refunding of its bonds. The principal of and the interest
on any issue of such bonds shall be payable solely from, and be secured by a pledge of, tolls
and other revenues of all or any part of the toll road, bridge, or tunnel project financed
in whole or in part with the proceeds of such issue or with the proceeds of bonds refunded
or to be refunded by such issue. The proceeds of any such bonds may be used or pledged for
the payment or security of the principal or of the interest on bonds, and for the establishment
of any or all reserves for such payment or security, or for other corporate purposes as the
authority may authorize in the resolution authorizing the issuance of bonds or in the trust
agreement securing the same. (b) The bonds of each issue shall be dated; shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-2-147.htm - 5K - Match Info - Similar pages
39-2-2
Section 39-2-2 Advertisement for and opening of sealed bids for public works contracts;
violations; exclusions; emergency actions; sole source specification. (a) Before entering
into any contract for a public works involving an amount in excess of fifty thousand dollars
($50,000), the awarding authority shall advertise for sealed bids, except as provided in subsection
(j). If the awarding authority is the state or a county, or an instrumentality thereof, it
shall advertise for sealed bids at least once each week for three consecutive weeks in a newspaper
of general circulation in the county or counties in which the improvement or some part thereof,
is to be made. If the awarding authority is a municipality, or an instrumentality thereof,
it shall advertise for sealed bids at least once in a newspaper of general circulation published
in the municipality where the awarding authority is located. If no newspaper is published
in the municipality, the awarding authority shall advertise by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-2-2.htm - 9K - Match Info - Similar pages
41-10-472
Section 41-10-472 Pledge and lien for benefit of bonds. In the proceedings authorizing
the issuance of any of its bonds, the authority is authorized and empowered to pledge for
the payment of the principal of and interest on such bonds at the respective maturities of
said principal and interest, and to agree to use solely for such purpose, all the revenues
which under the provisions of Section 41-10-471 are provided for the payment of the
said principal and interest, subject to prior pledges thereof as and to the extent the authority
may provide. In said proceedings the authority may further provide and create, as security
for the payment of said principal and interest, a statutory lien upon the buildings and properties,
other than the State Capitol, for the acquisition and construction or renovation of which
the bonds are issued. Such statutory lien shall not be subject to foreclosure and, in the
event of default in the payment of any such principal or interest, the remedies...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-472.htm - 2K - Match Info - Similar pages
11-50-343
Section 11-50-343 Powers generally; publication, recordation, and authentication of
resolutions of board. (a) Each board created under the provisions of this article shall be
deemed to be a public agency or instrumentality exercising public and governmental functions
to provide for the public health and welfare, and each such board is hereby authorized and
empowered: (1) To adopt bylaws for the regulation of its affairs and the conduct of its business;
(2) To adopt an official seal and alter the same at pleasure; (3) To maintain an office at
such place or places within the city as it may designate; (4) To sue and be sued in its own
name; (5) To acquire, purchase, lease as lessee, construct, reconstruct, improve, extend,
operate, and maintain any water system or part thereof or any sewer system or part thereof
or any combination thereof within or without or partly within and partly without the corporate
limits of the city, and to acquire by gift, purchase, or the exercise of the right...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-343.htm - 4K - Match Info - Similar pages
11-54-143
Section 11-54-143 Bonds issued to finance projects. 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
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 or interest or both, may be payable in such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-143.htm - 2K - Match Info - Similar pages
16-17-18
Section 16-17-18 Notice of bond resolution. Upon the adoption by the board of any resolution
providing for the issuance of bonds, the authority may, in its discretion, cause to be published
once a week for two consecutive weeks, in a newspaper published in the determining municipality,
or if there is no newspaper published in the determining municipality, then in a newspaper
published in the county in which the determining municipality or any part thereof is located,
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
authority: "____, a public corporation and a political subdivision of the State of Alabama,
on the ____ day of ____, authorized the issuance of $____ principal amount of revenue bonds
of the said public corporation for purposes authorized in the act of the Legislature of Alabama
under which the said public corporation was organized. Any action...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17-18.htm - 2K - Match Info - Similar pages
16-18-1
Section 16-18-1 Definitions. For the purposes of this chapter, the following words and
phrases shall have the following respective meanings: (1) ANCILLARY IMPROVEMENTS. Educational
and related facilities of every kind including, but without limitation to, classrooms, scientific
and other laboratories, libraries, auditoriums, gymnasiums, cafeterias, dining rooms, dormitories,
student and faculty apartments, student union buildings, recreational and social facilities,
student and faculty infirmaries and clinics and facilities for washing, laundering and cleaning
clothing and fabrics of every kind, or any combination of any thereof, and shall also include
equipment and furniture and fixtures used or useful in educational and related facilities
of every kind. Nothing herein shall be construed as authorizing the construction of buildings
for primarily commercial purposes. (2) APPLICANT. A natural person who files a written application
with the governing body of any municipality in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18-1.htm - 5K - Match Info - Similar pages
|