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11-50-236
Section 11-50-236 Execution, etc., of contracts as security for repayment of moneys borrowed.
To further secure the repayment of any money borrowed by it, such corporation may enter into
a contract or contracts binding itself for the proper application of the money borrowed, for
the continued operation and maintenance of any system or systems owned by it, or any part
or parts thereof, for the imposition and collection of reasonable rates for and the promulgation
of reasonable regulations respecting any service furnished from its system or systems (including
the furnishing of water, sewer service, and any other services), for the disposition and application
of its gross revenues or any part thereof and for any other act or series of acts not inconsistent
with the provisions of this division for the protection of the loan and the assurance that
the revenues from its system or systems will be sufficient to operate such system or systems,
maintain the same in good repair and in good...
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11-50-315
Section 11-50-315 Execution, etc., of contracts as security for repayment of moneys borrowed.
To further secure the repayment of any money borrowed by it such corporation may enter into
a contract or contracts binding itself for the proper application of the money borrowed, for
the continued operation and maintenance of any system or systems owned by it or any part or
parts thereof, for the imposition and collection of reasonable rates for and the promulgation
of reasonable regulations respecting any service furnished from its system or systems, for
the disposition and application of its gross revenues or any part thereof, and for any other
act or series of acts not inconsistent with the provisions of this article for the protection
of the loan and the assurance that the revenues from its system or systems will be sufficient
to operate such system or systems, maintain the same in good repair and in good operating
condition, pay the principal of and interest on any bonds payable from...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-315.htm - 1K - Match Info - Similar pages
11-50-407
Section 11-50-407 Provisions in mortgages, deeds of trust, etc., executed as security for bonds
as to rights of parties thereto, etc.; execution, etc., of contracts as security for repayment
of moneys borrowed. (a) Any mortgage, deed of trust or pledge agreement made by any district
incorporated under this article for the security of any of its bonds or to define the rights,
remedies and privileges of the holders of such bonds and the duties of the district to such
holders may contain such agreements, obligations, covenants and provisions as the board of
directors may deem advisable respecting the operation and maintenance of the gas system or
systems and the collection and application of the revenues subject to such mortgage, deed
of trust or pledge agreement and respecting the rights and duties of the parties to such instrument
or the parties for the benefit of whom such instrument is made, with it being expressly provided
that any such mortgage or deed of trust may be subject to the...
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45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other powers
now or hereafter granted by law, the authority shall have the following powers, together with
all powers incidental thereto or necessary to the discharge thereof in corporate form: (1)
To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by the Jackson
County Commission which are required by law to be deposited to the credit of the Jackson County
Water Authority. c. The revenues derived from any water, sewer, or garbage system or facility
of the authority. (2) To pledge for payment of any bonds issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.06.htm - 13K - Match Info - Similar pages
33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the agency
shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in its corporate
name. b. May sue and be sued in its corporate name. c. May adopt, use and alter a corporate
seal, which shall be judicially noticed. d. May enter into such contracts and cooperative
agreements with the federal, state and local governments, with agencies of such governments,
with private individuals, corporations, associations, trusts and other organizations as the
board may deem necessary or convenient to enable it to carry out the purposes of this chapter,
including the planned, orderly residential development of the area. e. May adopt, amend and
repeal bylaws. f. May appoint such managers, officers, employees, attorneys and agents as
the board deems necessary for the transaction of its business, fix their compensation, define
their duties, require bonds of such of them as the board may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-12-5.htm - 18K - Match Info - Similar pages
37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
41-18-1
Section 41-18-1 Text. Article I. Findings and Purposes. (a) The party states find that the
South has a sense of community based on common social, cultural and economic needs and fostered
by a regional tradition. There are vast potentialities for mutual improvement of each state
in the region by cooperative planning for the development, conservation and efficient utilization
of human and natural resources in a geographic area large enough to afford a high degree of
flexibility in identifying and taking maximum advantage of opportunities for healthy and beneficial
growth. The independence of each state and the special needs of subregions are recognized
and are to be safeguarded. Accordingly, the cooperation resulting from this agreement is intended
to assist the states in meeting their own problems by enhancing their abilities to recognize
and analyze regional opportunities and take account of regional influences in planning and
implementing their public policies. (b) The purposes of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-18-1.htm - 24K - Match Info - Similar pages
11-50-263
Section 11-50-263 Execution, etc., of contracts as security for repayment of moneys borrowed.
In addition and for the further security of the lender, any waterworks board which has borrowed
money under the authority of this division may enter into a contract or contracts with the
lender binding itself for the proper application of money borrowed from such lender and for
the operation and maintenance of any such gas plant and system, or any one or more of them
or any part or parts thereof, and for the imposition, collection, safeguarding, and application,
disposition, and remittance of reasonable rates for gas supply and service and for the promulgation
of reasonable regulations relating to rates and services and for any other act, series of
acts, duty, or thing not inconsistent with the provisions of this division and the law relating
to such corporation for the protection of the loan and the assurance of a reasonable return
upon the properties in which such loan is invested, out of...
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11-81-204
Section 11-81-204 Contracts for security of lender; limitation as to charges for electric energy
and service by counties or municipalities. (a) In addition and for the further security of
the lender, any such county or municipal corporation which has borrowed money under the authority
of this article may enter into a contract with the lender binding itself for the proper application
of money borrowed from such lender and for the operation and maintenance of any such plants,
or any one or more of them or any part or parts thereof, and for the imposition, collection,
safeguarding, application, disposition and remittance of reasonable rates for energy supply
and services, and for the promulgation of reasonable regulations relating to rates and services
and for any other act, series of acts, duty or thing not inconsistent with the provisions
of this article for the protection of the lender's loan and the assurance of a reasonable
return upon the properties in which the proceeds of such...
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11-49A-11
Section 11-49A-11 Bonds - Contracts as security for payment. As security for payment of the
principal of and the interest on bonds issued or obligations assumed by it, the authority
may enter into a contract or contracts binding itself for the proper application of the proceeds
of bonds and other funds, for the continued operation and maintenance of any transit system
owned by it, or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from such system, for the disposition and application of its gross revenues or any part thereof,
and for any other act or series of acts not inconsistent with the provisions of this chapter
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system, when added to all other moneys of the authority available therefor,
will be sufficient to operate such system, maintain the same in good...
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