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33-2-201
Section 33-2-201 Special purpose obligations. (a) The department, from time to time,
may issue special purpose obligations, which shall be limited obligations of the department
payable from and secured solely by a pledge of private facility payments made by or on behalf
of one or more commercial enterprises for the right to use the private facilities financed
thereby and shall not be payable from docks facilities revenues or otherwise give rise to
any liability on the part of the department other than the private facility payments pledged
as security therefor. No special purpose obligation shall give rise to any liability or constitute
a debt or obligation of the state or a charge against its credit or taxing powers. (b) Any
special purpose obligations shall be issued pursuant to a resolution of the board of directors
of the department. As security for the payment of any special purpose obligations, the department
is authorized to pledge for the payment of the obligations any private...
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39-2-12
Section 39-2-12 Partial and final payments of contractors by awarding authorities. (a)
As used in this section the following words shall have the meanings ascribed to them
as follows: (1) CONTRACTOR. Any natural person, partnership, company, firm, corporation, association,
limited liability company, cooperative, or other legal entity licensed by the Alabama State
Licensing Board for General Contractors. (2) NONRESIDENT CONTRACTOR. A contractor which is
neither a. organized and existing under the laws of the State of Alabama, nor b. maintains
its principal place of business in the State of Alabama. A nonresident contractor which has
maintained a permanent branch office within the State of Alabama for at least five continuous
years shall not thereafter be deemed to be a nonresident contractor so long as the contractor
continues to maintain a branch office within Alabama. (3) RETAINAGE. That money belonging
to the contractor which has been retained by the awarding authority conditioned on...
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11-100-4
Section 11-100-4 State assistance payments; application; procedures; determination of
base number of convention delegates; appropriations; quarterly requests; amount of payments.
(a) Any city, county, or entities or authorities thereof may apply to the State Director of
Finance for state assistance payments for any eligible facilities. The city, county, or entities
or authorities thereof shall file an initial application with the Director of Finance, which
shall be in writing and shall describe: (i) the eligible facilities; (ii) the need for said
facilities or the benefit therefrom; and (iii) the financing thereof, including the principal
and interest payments for the bonds. (b) The Director of Finance shall promptly review such
initial application and shall notify the applicant of any additional information that may
be necessary. (c) After reviewing the initial application and upon reasonable notice to the
applicant, the Director of Finance shall hold a public hearing on the...
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11-50A-17
Section 11-50A-17 Contracts for use of projects; purchase of electric power; payment
of charges; indemnity; enforcement of performance. (a) Any municipality, if authorized by
resolution or ordinance of its governing body, may contract with the authority for the payment
of any rates, tolls, fees, and other charges prescribed in this section and Section
11-50A-18 by the authority for the output, capacity, use or service by the municipality of
any projects or other resources of the authority or any of its facilities or undertakings.
The obligations to pay the amounts contracted to be paid by the municipality to the authority
under the contract or contracts entered into pursuant to the provisions of this section
shall be treated as expenses of operating the electric distribution system of the municipality
for the payment of which the revenues of the municipality derived from the operation of its
electric distribution system (together with any other revenues that may be lawfully pledged...
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37-7-10
Section 37-7-10 Enumerated powers. A corporation created under the provisions of this
chapter shall have power to do any and all acts or things necessary or convenient for carrying
out the purpose for which it was formed, including, but not limited to the power: To sue and
be sued; to have a seal and alter the same at pleasure; to acquire, hold and dispose of property,
real and personal, tangible and intangible, or interests therein, and to pay therefor in cash
or on credit, and to secure and procure payment of all or any part of the purchase price thereof
on such terms and conditions as the board shall determine; to acquire, own, operate, maintain
and improve a system or systems; to pledge all or any part of its revenues or mortgage or
otherwise encumber all or any part of its property for the purpose of securing the payment
of the principal of and interest on any of its obligations; to construct works across or along
any street or public highway or over any lands which are now or may...
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23-2-149
Section 23-2-149 Trust agreements securing bond issues; authorized provisions protecting
holders; pledge of revenues. In the discretion of the authority, any bonds issued under the
provisions of this article may be secured by a trust agreement by and between the authority
and a corporate trustee, which may be any trust company, or bank having the powers of a trust
company, within or without the state. The trust agreement or the resolution providing for
the issuance of such bonds subject to the provisions of Section 23-2-147, may pledge
or assign tolls or other revenues to which the authority's right then exists or which may
thereafter come into existence, and the moneys derived therefrom, and the proceeds of such
bonds; provided, however, that the trust agreement or resolution shall not convey or mortgage
any toll road, bridge or tunnel project or any part thereof. Such trust agreement or resolution
providing for the issuance of bonds may contain such provisions for protecting and...
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45-27A-32
Section 45-27A-32 Community antenna television system. (a) As used in this section
the word city shall mean the City of Brewton, Alabama, in Escambia County, a municipal corporation
organized under the laws of the State of Alabama. (b) In addition to all other powers, rights,
and authority heretofore granted by law: The city is hereby authorized and empowered to acquire,
purchase, construct, lease, operate, maintain, enlarge, extend, and improve a community antenna
television system (CATV), 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 from any point within this state or any other state and distributes such
signals by wire or cable or any other means to subscribing members of the public who pay for
such service. (c) For the purposes of this section, the city may...
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45-9-91
Section 45-9-91 Creation; composition; headquarters; meetings; personnel. (a) Pursuant
to Amendment 678 of the Constitution of Alabama of 1901, there is created and established
the Chambers County Industrial Development Council on September 1, 2001. Initially, the council
shall consist of the current members of the Industrial Development Authority of Chambers County.
As the terms of the members of the authority expire, their successors shall be appointed to
the new council as follows: (1) The county commissioners from Commission Districts 1, 2, and
3 shall each appoint one member for initial terms of one year each. (2) The county commissioners
from Commission Districts 4, 5, and 6 shall each appoint one member for initial terms of two
years each. (3) The governing body of each incorporated municipality in the county shall appoint
one member for an initial term of three years. (4) A consensus of the state legislative delegation
for the county shall appoint two members for initial terms...
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9-10-38
Section 9-10-38 Security for bonds. (a) At the discretion of the corporation, any bonds
issued under the provisions of this article may be secured by a trust agreement by and between
the corporation and a corporate trustee, which may be any trust company or bank having the
powers of a trust company within or without the state. The trust agreement or the resolution
providing for the issuance of such bonds, subject to the provisions of Section 9-10-35,
may pledge or assign tolls, rentals, sales receipts or other revenues to which the corporation's
right then exists or which may thereafter come into existence and the moneys derived therefrom
and the proceeds of such bonds; provided, however, that the trust agreement or resolution
shall not convey or mortgage any project or any part thereof. (b) Such trust agreement or
resolution providing for the issuance of bonds may contain such provisions for protecting
and enforcing the rights and remedies of the bondholders as may be reasonable and...
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9-6-8
Section 9-6-8 Powers and duties generally. 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) specified in its certificate of incorporation; (2) To maintain civil actions
and have civil actions maintained against it in its corporate name, except as otherwise provided
in this chapter, and to defend civil actions against it; (3) To adopt and make use of a corporate
seal and to alter the same at pleasure; (4) To amend its certificate of incorporation by filing
in the office of the Secretary of State a certificate signed by all of the directors of the
authority setting forth the details of the amendment, such certificate to be acknowledged
in the same manner as the certificate of incorporation; (5) To adopt and alter bylaws for
the regulation and conduct of its affairs and business; (6) To...
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