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16-65-3
Section 16-65-3 Definitions. The following terms shall have the following meanings, respectively:
(1) AUTHORITY. The Alabama Higher Education Equipment Loan Authority created by this chapter
and any successor or successors thereto. Any change in name or composition of the authority
shall in no way affect the vested rights of any person under the provisions of this chapter.
(2) BOARD OF DIRECTORS. The board of directors of the authority. (3) BONDS. The bonds of the
authority issued under the provisions of this chapter, including revenue refunding bonds.
(4) EDUCATIONAL INSTITUTION. Every public college, public university, public graduate school,
public professional school, public junior college, community college, public business college,
and any other public institution of higher learning that teaches a trade or a profession,
heretofore or hereafter established or acquired under statutory authorization of the Legislature
of Alabama and existing as a public institution of learning...
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40-8-1
Section 40-8-1 Classification of property; assessment rate. (a) On and after October 1, 1978,
with respect to ad valorem taxes levied by the state, and, unless otherwise provided, with
respect to ad valorem taxes levied by a county, municipality, or other taxing authority other
than the state, all taxable property shall be divided into the following classes and no other
and shall be assessed for ad valorem tax purposes at the following ratios of assessed value
to the fair and reasonable market value of such property, or, as may be provided by law, to
the current use value of such property: CLASS I. All property of utilities used in the business
of such utilities, 30 percent. CLASS II. All property not otherwise classified, 20 percent.
CLASS III. All agricultural, forest, and residential property, and historic buildings and
sites, 10 percent. CLASS IV. All private passenger automobiles and motor trucks of the type
commonly known as "pickups" or "pickup trucks" owned and operated by an...
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11-57-12
Section 11-57-12 Bonds - Recital as to authority for issuance; notice of resolution authorizing
issuance of bonds; limitation period for actions, etc., as to validity of proceedings for
issuance of bonds, etc. (a) Any resolution authorizing any bonds under this chapter shall
contain a recital that they are issued pursuant to the provisions of this chapter, which recital
shall be conclusive evidence that said bonds have been duly authorized pursuant to the provisions
of this chapter, notwithstanding the provisions of any other law now in force or hereafter
enacted or amended. (b) Upon the adoption by the board of any resolution providing for the
issuance of bonds, the authority may, in its discretion, cause to be published once a week
for two consecutive weeks in a newspaper then published in the municipality or, if there is
no newspaper then published in the municipality, then in a newspaper published or circulated
in the county, a notice in substantially the following form (with any...
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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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11-86A-6
Section 11-86A-6 Authorization and procedure for reincorporation of existing park and recreation
authorities and boards; continuation in office of directors; effect of reincorporation. (a)
In all cases where there has been an attempt to create or incorporate a park and recreation
authority or park and recreation board, but the attempted creation or incorporation is or
may be invalid because of an irregularity in the procedure followed or invalidity of or defect
in the statute under which the attempted creation or incorporation of the authority or board
was made, a minimum of three natural persons residing in the county in which the authority
is to be incorporated may file a written application with the probate judge of the county
in which the park and recreation authority or park and recreation board has been incorporated
or attempted to be created or incorporated, which application shall: (1) Contain a statement
that the incorporators propose to reincorporate an authority pursuant to...
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22-21-144
Section 22-21-144 Bonds - Security. The principal of, and the interest on, the bonds shall
be secured by a pledge of the revenues out of which the bonds shall be made payable, may be
secured by a pledge of the lease agreement (if any) covering the project from which revenues
so pledged shall be derived and by a pledge of the rental from such project and may be secured
by a nonforeclosable indenture covering the project or projects out of the revenues from which
the bonds are made payable. The trustee, under any indenture, may be a trust company or bank
having trust powers, whether located within or without the state, and may be selected by the
board without regard to the provisions of Chapter 25 of Title 36 of this code or other similar
law. The indenture may contain any agreements and provisions customarily contained in instruments
securing evidences of indebtedness including, without limiting the generality of the foregoing,
provisions respecting the collection, segregation and...
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4-3-1
Section 4-3-1 Definitions. When used in this article, unless the context plainly indicates
otherwise, the present tense shall include the future tense, the singular shall include the
plural, the plural shall include the singular and the following words and phrases shall have
the meanings respectively ascribed to them by this section: (1) AIRCRAFT. Any contrivance
now known or hereafter invented, used or designed for navigation of or flight in the air,
except a parachute or other contrivance designed for use primarily as safety equipment. (2)
AIRPORT. Any area of land or water which is used, or intended for use, for the landing, taking-off,
storage, parking or dispersal of aircraft, and any appurtenant areas which are used, or intended
for use, for airport buildings, facilities or rights-of-way, together with all airport buildings,
structures and facilities located thereon. (3) AIRPORT BUILDING. Any building used or to be
used in connection with the construction, enlargement,...
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11-43A-85
Section 11-43A-85 Qualifications of city manager; duties and powers; designation or appointment
of administrative officer to perform duties of manager during temporary absence or disability.
(a) The city manager shall be chosen by the council solely on the basis of his executive and
administrative qualifications with special reference to his actual experience in, or his knowledge
of, accepted practice with respect to the duties of his office as hereinafter set forth. At
the time of appointment, the city manager may but need not be a resident of the municipality
or state, but within 90 days of the beginning of employment, he shall become a resident and
shall continue to reside within the municipality during his employment. (b) The city manager
shall be the head of the administrative branch of the municipal government. He shall be responsible
to the council for the proper administration of all affairs of the municipality and, subject
to the provisions of any civil service or merit system...
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11-57-15
Section 11-57-15 Bonds - Security for payment of principal and interest. The principal of and
the interest on the bonds shall be secured by a pledge of the revenues out of which the bonds
shall be made payable by an assignment or pledge of the lease agreement covering the project
from which revenues so pledged shall be derived and by a pledge of the rental from such project
and may be secured by a nonforeclosable indenture covering the project. The trustee under
any indenture may be a trust company or bank having trust powers, whether located within or
without the state. The indenture may contain any agreements and provisions customarily contained
in instruments securing evidences of indebtedness, including, without limiting the generality
of the foregoing, provisions respecting the collection, segregation and application of the
rental from any project covered by such indenture, the terms to be incorporated in the lease
agreement respecting the project, the maintenance and insurance of...
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11-97-2
Section 11-97-2 Definitions. The following words and phrases used in this chapter, and others
evidently intended as the equivalent thereof, shall, in the absence of a clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of any county or
municipality in accordance with the provisions of Section 11-97-3 hereof. (2) AUTHORIZING
RESOLUTION. A resolution of ordinance adopted by the governing body of any county or municipality
in accordance with the provisions of Section 11-97-3 hereof, that authorizes the incorporation
of a corporation. (3) BOARD. The board of directors of a corporation. (4) BONDS. Bonds, notes,
or other obligations representing an obligation to pay money. (5) CORPORATION. Any public
corporation organized pursuant to the provisions of this chapter. (6) COSTS. As applied to
a facility or any portion thereof, shall include all or any part of the...
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