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11-94-12
Section 11-94-12 Bonds of authority - Indenture; lien; remedies of bondholders. In the discretion
of its board, any bonds issued by an authority may be secured by an indenture between an authority
and a trustee, which may be any trust company or bank having trust powers, whether such bank
or trust company is located within or without the state. In any such indenture or resolution
providing for the issuance of bonds an authority may pledge, for payment of the principal
of and the interest on such bonds, any of its revenues to which its right then exists or may
thereafter come into existence and may assign, as security for such payment, any of its leases,
franchises, permits and contracts; and in any such indenture, an authority may mortgage any
of its properties, including any that may be thereafter acquired by it, and may provide that
in the event of a default in payment of the bonds secured thereby or in the event of default
with respect to any agreement contained therein, such...
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23-7-5
Section 23-7-5 Powers and functions. (a) In addition to the powers contained in other provisions
of this chapter, the bank has all power necessary, useful, or appropriate to fund, operate,
and administer the bank, and to perform its other functions including, but not limited to,
the following power to: (1) Have perpetual succession. (2) Adopt, promulgate, amend, and repeal
bylaws, not inconsistent with this chapter for the administration of the bank's affairs and
the implementation of its functions including the right of the board to select qualifying
projects and to provide loans and other financial assistance. (3) Sue and be sued in its own
name. (4) Have a seal and alter it at pleasure, although the failure to affix the seal does
not affect the validity of an instrument executed on behalf of the bank. (5) Make loans to
qualified borrowers to finance the eligible costs of qualified projects and to acquire, hold,
and sell loan obligations at prices and in a manner as the board...
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27-4A-2
Section 27-4A-2 Definitions. For the purposes of this chapter only, the following terms, unless
the context clearly indicates otherwise, shall have the meanings: (1) ANNUITY CONSIDERATIONS.
All sums received as consideration for annuity contracts. (2) COMMISSIONER. The Commissioner
of Insurance of the State of Alabama. (3) DEPARTMENT. The Department of Insurance of the State
of Alabama. (4) DOMESTIC INSURER. Any insurer organized under the laws of the State of Alabama
which maintains its principal office and chief place of business in the State of Alabama.
(5) FOREIGN INSURER. Any insurer organized under the laws of any country or of any state of
the United States other than the State of Alabama and any insurer organized under the laws
of Alabama which maintains its principal office or chief place of business outside the State
of Alabama. (6) INSURER. Every insurer as defined in Section 27-1-2, and every other insurance
company or association charging a premium for contracts entered...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-60-2.htm - 45K - Match Info - Similar pages
45-20-231
Section 45-20-231 Jail concessions; concession fund. (a) The Sheriff of Covington County may
operate a jail concession. The sheriff, sheriffs deputies, or agents or employees of the sheriff,
or any combination of these persons, may sell soft drinks, cigarettes, personal items, and
other concession items to county prisoners and state prisoners in county custody. The sheriff
shall be responsible for the operation of the concession. (b)(1) The sheriff shall establish
and maintain a concession fund in a bank licensed to do business in the state. All monies
collected under this section shall be deposited by the sheriff into the concession fund. (2)
The sheriff shall keep an account of all concession sales and transactions of the concession
fund for annual audit by the Department of Examiners of Public Accounts. The concession account
and fund shall be audited at the same time other accounts of the sheriff are audited. The
Department of Examiners of Public Accounts shall submit a copy of the...
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45-34-232
Section 45-34-232 Jail concession ; disposition of funds. (a) The Sheriff of Henry County may
operate a jail concession. The sheriff, sheriff's deputies, or agents or employees of the
sheriff, or any combination of these persons, may sell soft drinks, cigarettes, personal items,
and other concession items to county prisoners and state prisoners in county custody. The
sheriff shall be responsible for the operation of the concession. (b)(1) The sheriff shall
establish and maintain a concession fund in a bank licensed to do business in the state. All
monies collected under this section shall be deposited by the sheriff into the concession
fund. (2) The sheriff shall keep an account of all concession sales and transactions of the
concession fund for annual audit by the Department of Examiners of Public Accounts. The concession
account and fund shall be audited at the same time other accounts of the sheriff are audited.
The Department of Examiners of Public Accounts shall submit a copy of...
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45-35-232
Section 45-35-232 Operation; concession fund. (a) The Sheriff of Houston County may operate
a jail concession. The sheriff, sheriff's deputies, or agents or employees of the sheriff,
or any combination of these persons, may sell soft drinks, cigarettes, personal items, and
other concession items to county prisoners and state prisoners in county custody. The sheriff
shall be responsible for the operation of the concession. (b)(1) The sheriff shall establish
and maintain a concession fund in a bank licensed to do business in the state. All monies
collected under this section shall be deposited by the sheriff into the concession fund. (2)
The sheriff shall keep an account of all concession sales and transactions of the concession
fund for annual audit by the Department of Examiners of Public Accounts. The concession account
and fund shall be audited at the same time other accounts of the sheriff are audited. The
Department of Examiners of Public Accounts shall submit a copy of the audit...
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5-5A-6
Section 5-5A-6 Procedure for incorporation - Certificate of Superintendent of Banks authorizing
filing of certificate of incorporation. If the superintendent shall be satisfied from his
investigation that the character and general fitness of the persons named as stockholders
and executive officers are such as to command the confidence of the community in which such
bank is proposed to be located and that there is sufficient business to support said bank
in said community and that the convenience and needs of said community shall be served, he
shall pass upon the sufficiency of the certificate of incorporation; and, if he approves the
certificate he shall issue under his hand and official seal a certificate authorizing the
proper official or officials to file the certificate of incorporation upon proof of payment
of subscription to the capital subscribed for as required by law. The superintendent shall
transmit the proposed certificate of incorporation, together with said certificate...
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15-22-1.1
Section 15-22-1.1 Interstate Compact for Adult Offender Supervision. Whereas: The Interstate
Compact for the Supervision of Parolees and Probationers was established in 1937, it is the
earliest corrections "compact" established among the states and has not been amended
since its adoption over 62 years ago; Whereas: This compact is the only vehicle for the controlled
movement of adult parolees and probationers across state lines, and it currently has jurisdiction
over more than a quarter of a million offenders; Whereas: The complexities of the compact
have become more difficult to administer, and many jurisdictions have expanded supervision
expectations to include currently unregulated practices such as victim input, victim notification
requirements, and sex offender registration; Whereas: After hearings, national surveys, and
a detailed study by a task force appointed by the National Institute of Corrections, the overwhelming
recommendation has been to amend the document to bring about...
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16-25-19
Section 16-25-19 Administration. (a) The general administration and responsibility for the
proper operation of the retirement system and for making effective the provisions of this
chapter are hereby vested in a board of trustees which shall be known as the Board of Control
and shall be organized immediately after a majority of the trustees provided for in this section
shall have qualified and taken the oath of office. (b) The board shall consist of 15 trustees
as follows: (1) The State Superintendent of Education, ex officio. (2) The State Treasurer,
ex officio. (3) The state Director of Finance, ex officio. (4) Twelve elected members of the
retirement system. Those 12 members shall consist of representatives elected from each of
the following categories: two shall be retired members, one shall be a city or county superintendent,
one shall be a principal, one shall be a member from an institution of postsecondary education
that is part of the Alabama Community College System, two...
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