11-54-90
Section 11-54-90 Bonds - Security for payment of principal and interest; remedies upon default.
The principal of and interest on any bonds issued by the industrial development board shall
be secured by a pledge of the revenues and receipts out of which the same shall be made payable
and may be secured by a mortgage or deed of trust covering all or any part of the projects
from which the revenues or receipts so pledged may be derived, including any enlargements
of and additions to any such projects thereafter made. The resolution under which the bonds
are authorized to be issued and any such mortgage or deed of trust may contain any agreements
and provisions respecting the maintenance of the projects covered thereby, the fixing and
collection of rents for any portions thereof leased by the board to others, the creation and
maintenance of special funds from such revenues and the rights and remedies available in the
event of default as the board of directors shall deem advisable not in...
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11-54-128
Section 11-54-128 Authorizing resolution. (a) In order to provide for the establishment of
an endowment trust fund, the directors shall adopt an authorizing resolution authorizing the
execution and delivery, on behalf of the industrial development board, of a trust agreement
under which such fund shall be established and maintained. The directors may, in either the
authorizing resolution or the trust agreement authorized thereby, or, at the discretion of
the directors, in both, all as the directors shall deem appropriate, set out all of the following:
(1) The general purpose or purposes of such fund, and, subject to the provisions of Section
11-54-129, the purpose or purposes for which moneys held in and forming a part of such fund
may be expended and the manner in which all other properties, whether real or personal, tangible
or intangible contributed to such fund may be managed, used and disposed of. (2) A procedure
or procedures for the distribution or expenditure of such moneys and...
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2-2-8
Section 2-2-8 Commissioner's powers and duties generally; assistance from other state agencies.
(a) The commissioner shall execute the agricultural and industrial policies of the State Board
of Agriculture and Industries. It shall be his duty: (1) To investigate and ascertain the
industrial possibilities of the State of Alabama and to seek to secure the development of
the same; (2) To collect statistics in regard to industrial development in the State of Alabama;
(3) To make investigations as to any matter relative to industrial development and possibilities;
(4) To cooperate in the fostering and development of the industrial interests of the state;
(5) To cooperate especially in the promotion, establishment and location of industries in
the smaller municipalities and rural communities of the state which use as a raw material
farm products of any character; (6) To cooperate with the state chamber of commerce, local
chambers of commerce and all local industrial boards to promote the...
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45-29-90.08
Section 45-29-90.08 Contractual powers; additional powers. The authority may: (1) Enter into
contracts with the United States, with the several states, and with individuals, private corporations,
associations, municipalities, and other public agencies, or political subdivisions of any
kind, for the sale of water for municipal, domestic, agricultural, or industrial use, or for
the sale of any other services, facilities, or commodities that the authority may be in a
position to supply. (2) Acquire and develop reservoirs and shoreline lands and provide for
their operation for industrial, recreational, and other uses directly or by concessionaires,
licensees, lessees, or vendees of shoreline lands. (3) Sell or lease shoreline lands, or any
interest therein, in connection with development of the reservoir system, for uses consistent
with the authority's development plan and subject to such restrictions as the authority deems
necessary for reservoir protection and subject to such...
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45-37-90.05
Section 45-37-90.05 Civic Center Authority - Location; powers; development plan; investment
of funds. (a) The authority shall be authorized to construct, maintain, control, operate,
and manage a civic center in the county seat within the following described area: Beginning
at the intersection of Thirteenth Avenue North and Twenty-sixth Street North (Carraway Boulevard);
thence Southerly along Twenty-sixth Street North (Carraway Boulevard) to the Connector Road;
thence Southerly along the Connector Road to Twenty-sixth Street North; thence Southerly along
Twenty-sixth Street North to Eighth Avenue North (Reverend Abraham Woods Jr. Boulevard); thence
Westerly along Eighth Avenue North (Reverend Abraham Woods Jr. Boulevard) to Twenty-third
Street North; thence Northerly along Twenty-third Street North to the Southerly Right of Way
of Interstate 59/20; thence Westerly along the Southerly Right of Way of Interstate 59/20
to Fifteenth Street North; thence Northerly along Fifteenth Street...
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10A-20-7.04
Section 10A-20-7.04 Powers of corporation. In furtherance of its purposes and in addition to
the powers now or hereafter conferred on business corporations by Alabama statutes, the corporation
shall, subject to the restrictions and limitations contained in this section, have the following
powers: (1) To elect, appoint, and employ officers, agents, and employees to make contracts
and incur liabilities for any of the purposes of the corporation; provided, that the corporation
shall not incur any secondary liability by way of guaranty or endorsement of the obligations
of any person, firm, corporation, joint stock company, association, or trust or in any other
manner. (2) To borrow money from its members and the small business administration and any
other similar federal agency for any of the purposes of the corporation, to issue therefor
its bonds, debentures, notes, or other evidences of indebtedness, whether secured or unsecured,
and to secure the same by mortgage, pledge, deed of...
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11-43C-21
Section 11-43C-21 Powers of council; dealings with officers and employees in administrative
service. All legislative powers of the city, including all powers vested in it by this chapter,
by the laws, general and local, of the state, and by the Code of Alabama 1975, as amended,
and the determination of all matters of legislative policy, shall be vested in the council.
Without limitation of the foregoing, the council shall have power to: (1) Appoint stenographic
and clerical employees deemed necessary for service to the council, subject to the provisions
of any merit system in effect at such time; (2) Upon recommendation of the mayor, establish
administrative departments and distribute the work of divisions; (3) Adopt the budget of the
city; (4) Authorize the issuance of bonds or warrants; (5) Inquire into the conduct of any
office, department or agency of the city and make investigations as to municipal affairs;
(6) Appoint the members of all boards except the Planning Commission and...
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11-50-343
Section 11-50-343 Powers generally; publication, recordation, and authentication of resolutions
of board. (a) Each board created under the provisions of this article shall be deemed to be
a public agency or instrumentality exercising public and governmental functions to provide
for the public health and welfare, and each such board is hereby authorized and empowered:
(1) To adopt bylaws for the regulation of its affairs and the conduct of its business; (2)
To adopt an official seal and alter the same at pleasure; (3) To maintain an office at such
place or places within the city as it may designate; (4) To sue and be sued in its own name;
(5) To acquire, purchase, lease as lessee, construct, reconstruct, improve, extend, operate,
and maintain any water system or part thereof or any sewer system or part thereof or any combination
thereof within or without or partly within and partly without the corporate limits of the
city, and to acquire by gift, purchase, or the exercise of the right...
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45-37A-54.06
Section 45-37A-54.06 Park and recreation board - Officers; powers and duties; impeachment or
removal; interests of members. The members of the park and recreation board, when such board
is constituted in accordance with Section 45-37A-54.05, shall immediately meet and organize
by electing one of the members thereof as president and such other officers as may be necessary.
The governing body of any such city, in addition to the powers directly vested in such board
by this subpart, may confer upon and delegate to the park and recreation board of such city,
when established and constituted, any other power or authority conferred upon such city by
the terms of this subpart or conferred upon such city by any other provision of law, with
respect to or in connection with the establishment, conduct, development, improvement, equipment,
and maintenance of parks, park areas, park boulevards, playgrounds, recreational centers,
and recreational activities, as fully and completely as any or all...
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11-54-129
Section 11-54-129 Use of assets. (a) Subject to succeeding provisions hereof with respect to
the investment of moneys held in and forming a part of an endowment trust fund, and the management,
use, and disposition of other properties, whether real or personal, tangible or intangible,
contributed to such fund, all moneys held in and forming a part of an endowment trust fund,
whether such moneys may be characterized as either principal or income of such fund, may be
expended, and all other properties contributed to a trust fund may be used only to induce
new business, manufacturing, industrial, commercial, service, and research enterprises, whether
or not any such enterprise, or any property to be utilized in connection therewith, would
constitute a "project" within the meaning of either industrial development board
act, to locate within the statutory service area of the board that created such fund, and
to foster activities and policies conducive to the continuing prosperity of such...
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