11-54-91
Section 11-54-91 Borrowing of money for temporary use and issuance of temporary revenue bonds
as evidence thereof. (a) Any industrial development board organized under the provisions of
this division, as amended, may, in addition to the other powers granted in the other provisions
of this division, borrow money for temporary use for any of its corporate purposes and, in
evidence of such borrowing, issue from time to time revenue bonds or notes maturing not later
than 18 months from the date of issuance. (b) Any such temporary borrowing may be made in
anticipation of the sale and issuance of long-term revenue bonds; and, in such event, the
principal proceeds from the sale of such long-term revenue bonds shall, to the extent necessary,
be used for payment of the principal of and the interest on the temporary revenue bonds or
notes issued in anticipation of the sale and issuance of such long-term revenue bonds. (c)
Any such temporary borrowing may also be made with respect to a project...
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11-60-12
Section 11-60-12 Borrowing of money for temporary use and issuance of temporary revenue bonds
as evidence thereof. (a) The corporation may, in addition to the other powers granted in this
chapter, borrow money for temporary use for any of its corporate purposes and in evidence
of such borrowing issue from time to time revenue bonds or notes maturing not later than 18
months from the date of issuance. (b) Any such temporary borrowing may be made in anticipation
of the sale and issuance of long-term bonds, and in such event the principal proceeds from
the sale of such long-term bonds shall, to the extent necessary, be used for payment of the
principal of and the interest on the temporary bonds or notes issued in anticipation of the
sale and issuance of such long-term bonds. (c) Any such temporary borrowing may also be made
with respect to a project simultaneously with or after the sale and issuance of long-term
bonds issued with respect to such project if, under the terms of the...
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11-88-7.1
Section 11-88-7.1 Additional powers. (a) Any authority organized or operating pursuant to Chapter
88 of Title 11 shall, in addition to all other powers now or hereafter granted by law, have
the following powers and rights: (1) To borrow money for temporary use for any of its corporate
purposes and, in evidence of such borrowing, to issue from time to time revenue bonds or notes
maturing not later than 36 months from the date of issuance. Any such temporary borrowing
may be made in anticipation of the sale and issuance of long-term revenue bonds, and in such
event, the principal proceeds from the sale of such long-term revenue bonds shall, to the
extent necessary, be used for payment of the principal of and the interest on the temporary
revenue bonds or notes issued in anticipation of the sale and issuance of such long-term revenue
bonds. Any such temporary borrowing may also be made with respect to a project simultaneously
with or after the sale and issuance of long-term revenue bonds...
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11-22-12
Section 11-22-12 Temporary borrowing. The corporation may, in addition to the other powers
granted in this chapter, borrow money for temporary use for any of its corporate purposes
and in evidence of such borrowing issue from time to time revenue bonds or notes maturing
not later than 18 months from date of issuance. Any such temporary borrowing may be made in
anticipation of the sale and issuance of long-term bonds, and in such event the principal
proceeds from the sale of such long-term bonds shall, to the extent necessary, be used for
payment of the principal of and the interest on the temporary bonds or notes issued in anticipation
of the sale and issuance of such long-term bonds. Any such temporary borrowing may also be
made with respect to a project simultaneously with or after the sale and issuance of long-term
bonds issued with respect to such project if, under the terms of the proceedings under which
such long-term bonds are issued, the proceeds therefrom or any part thereof...
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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...
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11-20-41
Section 11-20-41 Borrowing of money for temporary use and issuance of temporary revenue bonds
or notes as evidence thereof. The corporation may, in addition to the other powers granted
in this article, borrow money for temporary use for any of its corporate purposes and in evidence
of such borrowing issue from time to time revenue bonds or notes maturing not later than three
years from the date of issuance. Any such temporary borrowing may be made in anticipation
of the sale and issuance of long term revenue bonds, and in such event the principal proceeds
from the sale of such long term revenue bonds shall, to the extent necessary, be used for
payment of the principal of and the interest on the temporary revenue bonds or notes issued
in anticipation of the sale and issuance of such long term revenue bonds. (Acts 1977, No.
762, p. 1310, §12.)...
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11-89B-1
Section 11-89B-1 Public corporation given power to sell and issue bonds, to pledge for payment
proceeds, revenues, etc., and to issue bonds or notes for temporary borrowing. In addition
to all other powers now or hereafter granted by law, each public corporation organized under
the laws of the State of Alabama which is authorized by law (i) to operate a water system
consisting of land, plants, systems, facilities, buildings and other property, or any combination
of any thereof, which are used or useful or capable of future use in providing, furnishing,
supplying or distributing water and (ii) to borrow money for use for one or more of its corporate
purposes 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 such public corporation
in order to provide funds for any corporate function, use or purpose for which such public
corporation is otherwise authorized by law to borrow...
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4-3-47
Section 4-3-47 Powers of authority 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 sue and be sued in its
own name in civil actions, excepting actions in tort against the authority; (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, receive, take
and hold, whether by purchase, option to purchase, gift, lease, devise or otherwise, property
of every description, whether real, personal or mixed, whether in one or more counties and
whether within or without the corporate limits of any authorizing subdivision, and to manage
said property and to develop any property and to sell, exchange, lease or...
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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...
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11-81-165
Section 11-81-165 Borrowing in anticipation of sale and issuance of bonds authorized; procedure
therefor. (a) Any municipality or county in the state may at any time and from time to time,
in anticipation of the sale and issuance of revenue bonds under the provisions of this article,
as amended, borrow money for temporary use for any purpose or purposes for which revenue bonds
are authorized to be issued under this article and in evidence of such borrowing may issue
interest-bearing notes. (b) Each such note shall be a limited or special obligation of the
issuing municipality or county, payable as to both principal and interest solely from the
same revenues out of which such revenue bonds are proposed to be issued or from the proceeds
from the sale of such revenue bonds or from both said revenues and said bond proceeds, shall
be made payable not later than 24 months after its date, shall be signed as the governing
body of said municipality or county may prescribe, may be sold at public...
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