45-29-90.09
Section 45-29-90.09 Bonds authorized. The authority may: (1) Sell and issue its bonds from time to time in order to provide funds for any corporate function, use, or purpose, all such bonds to be payable solely out of the revenues derived from the facilities and other property of the authority or out of the revenues of any particular facilities and other property of the authority; and (2) Secure such bonds by a pledge of all or any of the revenues which may now or hereafter come to the authority from any source, by a mortgage or deed of trust covering the authority's land or any part thereof, or under the provisions of a trust indenture, or by a combination of one or more thereof; provided, that all obligations created or assumed and all bonds issued by the authority shall be solely and exclusively obligations of the authority and shall not create an obligation or debt of the state or of any county or municipality. (Act 91-277, p. 517, ยง10.)...
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45-30-250
Section 45-30-250 Definitions. When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) AUTHORITY. The Franklin County Water Service Authority, a public corporation organized pursuant to this article. (2) BOARD. The Board of Directors of the Franklin County Water Service Authority. (3) BONDS. Bonds, notes, and certificates representing an obligation to pay money. (4) CONCISE LEGAL DESCRIPTION. A reasonably concise description of a particular geographic area by metes and bounds, reference to government surveys, recorded maps or plats, municipal, county, or state boundary lines, well-defined landmarks, other monuments, or any combination of the foregoing. (5) COUNTY. Franklin County. (6) DIRECTOR. A member of the Board of Directors of the Franklin County Water Service Authority. (7) INCORPORATORS. The persons forming a public corporation organized pursuant to this article. (8)...
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45-36-252.05
Section 45-36-252.05 Additional powers and rights. (a) The authority organized or operating pursuant to this part, in addition to all other powers now or hereafter granted by law, shall have the following powers and rights: (1) To borrow money for use for any of its corporate purposes. (2) To sell, transfer, convey, grant options to purchase, or lease all or any part of its system or systems for such consideration and on such terms as it shall deem advisable and in the best interest of the authority. (3) To consent and agree to the assignment or payment of any income received from the investment of any moneys or funds of the authority to any other public corporation or public entity, including, without limitation, the county, of the State of Alabama. (4) To loan or advance its funds to any person, at such, if any, interest as it shall determine, for the purpose of financing the construction of a system or any part thereof. (5) To contract with others for the construction of all or any...
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45-36-252
Section 45-36-252 Definitions. When used in this part, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise. (1) AUTHORITY. The Jackson County Water Authority, a public corporation organized pursuant to this part. (2) BOARD. The Board of Directors of the Jackson County Water Authority. (3) BONDS. Bonds, notes, and certificates representing an obligation to pay money. (4) COUNTY. Jackson County. (5) DIRECTOR. A member of the Board of Directors of the Jackson County Water Authority. (6) GARBAGE PICK UP AND DISPOSAL. All services involved in the pick up and disposal of garbage from residents, businesses, and factories. (7) INCORPORATORS. The persons forming a public corporation organized pursuant to this part. (8) MUNICIPALITY. An incorporated city or town of Jackson County. (9) NEW TERRITORY. Any territory added, by amendment to the certificate of incorporation of an authority, to the area or areas in which that...
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45-8A-20.01
Section 45-8A-20.01 Definitions. The following words and phrases used in this part, and others evidently intended as the equivalent thereof, shall, in the absence of clear implication herein otherwise, be given the following respective interpretations herein: (1) "Applicant" means a natural person who files a written application with the governing body of the city in accordance with the provisions of Section 45-8A-20.03. (2) "Authority" means the Anniston Downtown Development Authority, a public corporation organized pursuant to the provisions of this part. (3) "Authorizing resolution" means a resolution adopted by the governing body of the city in accordance with the provisions of Section 45-8A-20.03, that authorizes the corporation of the authority. (4) "Board" means the board of directors of the authority. (5) "Bonds" means and shall include bonds, notes, and certificates representing an obligation to pay money. (6) "City" means the City of Anniston, Alabama. (7) "Director" means a...
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9-14A-2
Section 9-14A-2 Legislative findings. The Legislature hereby finds and declares that it is necessary, desirable and in the public interest that the state parks system, public historical sites, and public historical parks be maintained and improved. It is the intention of the Legislature by the passage of this chapter to authorize the formation of two public corporations for the purposes of providing for the acquisition, provision, construction, improvement, renovation, equipping, and maintenance of the state parks system, public historical sites, and public historical parks, and to authorize the corporations to provide for payment of the costs of accomplishing the stated purposes by implementing Amendment 617 to the Constitution of Alabama of 1901 authorizing the issuance by the state of up to $110,000,000 in aggregate principal amount of general obligation bonds, which amendment was proposed by Act 98-413 and ratified by the electors of the state at the 1998 General Election, and by...
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11-50-351
Section 11-50-351 Establishment, collection, etc., of rates, fees, and charges for services furnished. (a) The board is hereby authorized to fix and revise from time to time rates, fees, and other charges for the use of and for the services furnished or to be furnished by any water system, sewer system, or sewage disposal system or parts thereof owned, operated, or maintained by the board. Such rates, fees and charges shall be so fixed and revised as to provide funds sufficient at all times: (1) To pay the cost of maintaining, repairing, and operating such system or systems or parts thereof; (2) To pay the principal of and the interest on all bonds and obligations assumed by the board, including any bonds issued to refund the same, as the same shall become due and payable; (3) To pay the principal of and the interest on all revenue bonds issued by the board under the provisions of this article as the same shall become due and payable; (4) To create and maintain such reserves for the...
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33-13-9
Section 33-13-9 Bonds - Generally. There are hereby authorized to be issued bonds of the state in aggregate principal amount not exceeding $45,000,000.00 for the purpose of paying costs of the development, construction, improvements, expansion and modernization (or any of them) of the State Docks Department at the Port of Mobile. The bonds hereby authorized shall be general obligations of the state, and the full faith, credit and taxing powers of the state are hereby irrevocably pledged for the prompt and faithful payment of the principal thereof and the interest thereon. The bonds may be sold from time to time as the board of directors may deem advantageous; provided, that no bonds (other than refunding bonds) may be sold or issued unless the Governor shall have first determined that the issuance of the bonds proposed to be issued will be necessary to enable the authority to promote, develop, construct, improve, expand and modernize the state docks facilities. Except as hereinafter...
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45-25-250
Section 45-25-250 Definitions. When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise. (1) AUTHORITY. The DeKalb County Water Authority, a public corporation organized pursuant to this article. (2) BOARD. The Board of Directors of the DeKalb County Water Authority. (3) BONDS. Bonds, notes, and certificates representing an obligation to pay money. (4) COUNTY. DeKalb County. (5) DIRECTOR. A member of the Board of Directors of the DeKalb County Water Authority. (6) GARBAGE PICK-UP AND DISPOSAL. All services involved in the pick-up and disposal of garbage from residents, businesses, and factories. (7) SEWER SERVICE. The construction, operation, and maintenance of sewer disposal facilities and lines in areas of the county not served by any other public sewer facility. (8) INCORPORATORS. The persons forming a public corporation organized pursuant to this article. (9) MUNICIPALITY. An...
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45-37-170.26
Section 45-37-170.26 Powers of authority. The authority shall have the following powers together with all powers incidental thereto or necessary for the performance of the powers stated in this section: (1) To have succession by its corporate name without time limit. (2) To sue and be sued and to prosecute and defend civil actions in any court having jurisdiction of the subject matter and of the parties. (3) To have and to use a corporate seal and to alter the same at its pleasure. (4) To receive and expend funds from federal, state, county, municipal, and private sources for the purposes hereof. (5) To dig channels, build dikes, dams, and lakes or ponds to contain flood waters as deemed useful by it to improve flood control, and whenever practical to build any and all facilities which can contribute to the use of such flood control channels for navigation. (6) To contract with municipalities and counties for the financing and joint construction and operation of such facilities. (7) To...
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