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41-10-456
and affairs; (5) to establish a fiscal year; (6) to provide for the construction, renovation,
reconstruction, improvement, alteration, addition, demolition, equipment, operation and maintenance
of public office building facilities (including the State Capitol), surfacing and resurfacing
of land for parking and other uses to produce revenue and for the procurement of sites and
equipment for such facilities; (7) to receive, take and hold by sale, gift, lease, devise
or otherwise, real and personal property of every description, and to manage the same;
(8) to acquire by purchase, gift, or any other lawful means, and to transfer, convey or cause
to be conveyed to the state, any real, personal or mixed property; (9) to borrow money
and issue its bonds in evidence thereof subject to the provisions of this article; (10) to
anticipate by the issuance of its bonds as hereinafter limited the receipt of the revenues
from such public office buildings; (11) as security for the payment of the...
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41-10-625
trustees, paying agents, investment bankers, and underwriters as the directors deem necessary
or desirable for the conduct of the business of the authority. (15) To make, enter into, and
execute financing agreements and other contracts, agreements, or other instruments, and to
take other actions as may be necessary or convenient to accomplish any purpose for which the
authority was organized or to exercise any power granted to it. (16) To sell, exchange, and
convey any or all real or personal property belonging to the authority whenever its
directors shall find any such action to be in furtherance of the purposes for which the authority
was organized. (17) To acquire, hold, and dispose of real and personal property. (18)
To exercise any power granted by the laws of the state to public or private corporations which
is not in conflict with the public purpose of this division. (19) To adopt and promulgate
administrative regulations necessary or appropriate to effectuate its...
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11-54-127
of incorporation to the contrary, any industrial development board shall have all of the following
powers, together with all powers incidental thereto or necessary to the discharge thereof
in corporate form: (1) To create or establish one or more endowment trust funds. (2) To receive
and accept from any private source, for the account of any endowment trust fund so created
or established by it, contributions in the form of gifts of money, stocks, bonds, and other
debt securities, other personal property, whether tangible or intangible, and real
property of any description, subject, in the case of any such contribution, to any lawful
condition to the use thereof that is specified by the donor thereof and that is not inconsistent
with the provisions of this division. (3) To deposit, or to cause to be deposited, into any
endowment trust fund created by it any moneys derived by the board from the leasing or sale
of any project or otherwise received by the board in connection with the...
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11-54-87
specified in the certificate of incorporation unless sooner dissolved as provided in this article;
(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 pleasure; (4) To acquire, whether by purchase, construction, exchange, gift, lease,
or otherwise and to improve, maintain, equip, and furnish one or more projects, including
all real and personal properties which the board of directors of the board may deem
necessary in connection therewith, regardless of whether or not any such projects shall then
be in existence; (5) To lease to others any or all of its projects and to charge and collect
rent therefor and to terminate any such lease upon the failure of the lessee to comply with
any of the obligations thereof; (6) To sell, exchange, donate, and convey any or all of its
properties whenever its board of directors shall find any such...
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11-60-8
in the certificate of incorporation unless sooner dissolved as provided in this chapter; (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 pleasure; (4) To acquire, whether by purchase, construction, exchange, gift, lease,
or otherwise to improve, maintain, equip, furnish, own, and operate one or more projects,
including all real and personal properties which the board of directors of the corporation
may deem necessary in connection therewith, regardless of whether or not any such projects
or any part thereof shall then be in existence; (5) To fix, prescribe, and collect rates,
fees, tolls, charges, or rentals for the use of any of its facilities and for services, facilities,
and accommodations furnished by it or any of its facilities; (6) To adopt and enforce rules
and regulations relative to the use or occupancy of any of its...
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11-95-7
suits and actions, and to defend suits 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, construct, equip, enlarge, improve, maintain,
and operate hospital facilities in the authorizing county and to do all things necessary to
that end; (6) To receive, acquire, take and hold, whether by purchase, gift, lease, devise,
or otherwise, real and personal property of every description and to manage and dispose
of the same by any form of legal conveyance or transfer; provided, however, that the corporation
shall not, without the prior approval of the governing bodies of the authorizing subdivisions,
have the power to dispose of substantially all of its assets or of any hospital facilities
the disposition of which would materially reduce or impair the level of hospital or health
care services rendered by the corporation; (7) To provide...
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2-6-105
of its property and affairs. (5) To enter into agreements of any nature with any public or
private entity regarding the construction, renovation, restoration, improvement, maintenance,
management, or operation of the project or any properties or facilities constituting a part
of the project. (6) To take all actions and enter into all agreements necessary or appropriate
to complete the project work. (7) To acquire, purchase, lease, receive, hold, transmit, and
convey title to real and personal property to or from any person or legal entity, public
or private. (8) To borrow money and issue its bonds in evidence thereof, subject to this article.
(9) As security for payment of the principal of and interest on its bonds, to pledge any funds
or revenues from which its bonds may be made payable and to arrange for and provide additional
security for its bonds, including letters of credit, bond insurance policies, surety bonds
and the like, as the board of directors shall determine to be...
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41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST FUND.
The trust fund of the state created under Amendment 450 to the Constitution of Alabama of
1901, and appearing as ยง219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-759.
(3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established pursuant
to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued pursuant to
this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement of
economic damages claims of the state against BP Exploration and Production, Inc. and any of
its corporate affiliates arising out of the Deepwater Horizon oil spill...
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41-9-472
Section 41-9-472 Powers and duties. The commission shall be authorized: (1) To investigate
and select an available site for housing the exhibits, including the surrounding grounds,
in cooperation with the community, taking into consideration all pertinent factors affecting
the suitability of such site; (2) To acquire by rent or lease agreement or otherwise the necessary
housing facilities; and to establish, improve and enlarge the available facility, including
providing it with necessary equipment, furnishings, landscaping and related facilities, including
parking areas and ramps, roadways, sewers, curbs, and gutters; (3) To enter into such contracts
and cooperative agreements with local, state and federal governments, with agencies of such
governments, with private individuals, corporations, associations and other organizations
as the commission may deem necessary or convenient to carry out the purpose of this article,
with such contracts and agreements to include leases to private...
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45-37-90.06
bonds shall be payable solely from taxes made payable to the authority by any act of the Legislature
heretofore or hereafter adopted and from the revenues of the authority derived from the activities,
operations, and enterprises in which the authority is hereby authorized to engage. As security
for any money so borrowed, together with interest thereon, and any obligations incurred or
assumed, the authority, in its discretion, may mortgage, pledge, or otherwise transfer and
convey its real, personal, and mixed property, or any part or parts thereof, whether
then owned or thereafter acquired, including any franchises then owned or thereafter acquired,
and all or any part of the taxes payable to the authority under any act of the Legislature
heretofore or hereafter adopted, and all or any part of revenues desired from the activities,
operation, and enterprises in which the authority is hereby authorized to engage. In the resolution
authorizing such revenue bonds or the mortgage given to...
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