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11-54-171
Section 11-54-171 Definitions. The following words and phrases used in this article shall,
in the absence of clear implication otherwise, be given the following interpretations: (1)
APPLICANT. A person who files a written application with the governing body of any municipality
in accordance with Section 11-54-173. (2) AUTHORITY. A public corporation organized pursuant
to this article. (3) AUTHORIZING MUNICIPALITY. Any municipality the governing body of which
shall have adopted an authorizing resolution. (4) AUTHORIZING RESOLUTION. A resolution adopted
by the governing body of any municipality in accordance with Section 11-54-173, that authorizes
the incorporation of an authority. (5) BOARD. The board of directors of an authority. (6)
BONDS. Includes bonds, notes, and certificates representing an obligation to pay money. (7)
COUNTY. Any county in the state. (8) DIRECTOR. A member of the board of an authority. (9)
GOVERNING BODY. With respect to a municipality, its city or town council,...
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11-62-1
Section 11-62-1 Definitions. (a) The following words and phrases used in this chapter, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) AUTHORITY.
Any public corporation organized pursuant to this chapter. (2) AUTHORIZED PURPOSE OBLIGATION.
The term includes either of the following: a. Any lease, note, installment sale contract,
or any other obligation of a user, whether general or special, which was entered into, made,
assumed, or otherwise incurred by the user, in whole or in part, for the purpose of financing
the acquisition or ownership of one or more facilities, for the purpose of obtaining funds
with which to operate one or more facilities or for any combination of those purposes. b.
Any obligation of any kind which was entered into, made, assumed, or otherwise incurred by
the United States of America or any department, agency, or instrumentality...
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33-15-6
Section 33-15-6 Powers, duties and functions generally. The general powers, duties and functions
of the authority shall be as follows: (1) GENERAL. The authority: a. Shall have perpetual
succession in its corporate name; b. May bring civil actions and have civil actions brought
against it 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 federal,
state and local governments, with agencies of such governments and with private individuals,
corporations, associations and other organizations, including the Bear Creek Watershed Association,
Inc., whether organized under the laws of Alabama or of another state, as the board may deem
necessary or convenient to enable it to carry out the purposes of this article, which authorization
shall include without limitation contracts and cooperative arrangements with any of the several
states and with counties and municipalities in...
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11-54-87
Section 11-54-87 Powers of boards generally; location and operation of projects of boards generally;
meetings of board of directors. (a) The industrial development board shall have the following
powers together with all powers incidental thereto or necessary for the performance of those
stated in this subsection: (1) To have succession by its corporate name for the period specified
in the certificate of incorporation unless sooner dissolved as provided in this article; (2)
To sue and be sued and to prosecute and defend civil actions in any court having jurisdiction
of the subject matter and of the parties; (3) To have and to use a corporate seal and to alter
the same at pleasure; (4) To acquire, whether by purchase, construction, exchange, gift, lease,
or otherwise and to improve, maintain, equip, and furnish one or more projects, including
all real and personal properties which the board of directors of the board may deem necessary
in connection therewith, regardless of whether or not...
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11-99-2
Section 11-99-2 Definitions. As used in this chapter: (1) BLIGHTED OR ECONOMICALLY DISTRESSED
AREA: a. An area in which the structures, buildings, or improvements, by reason of dilapidation,
deterioration, age, or obsolescence, inadequate provision for ventilation, light, air, sanitation,
or open spaces, high density of population and overcrowding, or the existence of conditions
which endanger life or property by fire and other causes, or any combination of such factors,
are conducive to ill health, transmission of disease, infant mortality, juvenile delinquency,
or crime, and are detrimental to the public health, safety, morals, or welfare, or b. Any
area which by reason of the presence of a substantial number of substandard, slum, deteriorated,
or deteriorating structures, predominance of defective or inadequate street layout, faulty
lot layout in relation to size, adequacy, accessibility, or usefulness, unsanitary or unsafe
conditions, deterioration of site or other improvements,...
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11-61A-12
Section 11-61A-12 Permitted activities. For the purpose of aiding and cooperating with the
authority in the planning, development, undertaking, construction, extension, improvement,
or operation of parking facilities, a county, municipality, political subdivision, public
corporation, agency, or instrumentality of this state may, upon such terms, and with or without
consideration as it may determine, engage in any of the following activities: (1) Lend or
donate money to the authority. (2) Donate, transfer, assign, sell, or convey to the authority
any right, title, or interest which it may have in any lease, contract, agreement, license,
or property. (3) Take any lawful action necessary or convenient to aid and cooperate with
the authority in the planning, undertaking, construction, or operation of parking facilities.
(Acts 1994, No. 94-254, p. 470, §12.)...
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11-57-2
Section 11-57-2 Legislative intent; construction of chapter generally. (a) It is the intention
of the Legislature by the passage of this chapter to empower each incorporated municipality
in the state to authorize the incorporation of one or more public corporations as political
subdivisions of the state for the purpose of providing public library facilities for lease
to and use by the municipality, to invest each corporation organized under this chapter with
all powers that may be necessary to enable it to accomplish such purposes, including the power
to lease its properties and to issue interest-bearing revenue bonds and to grant to each such
municipality power to rent such public library facilities on a year to year basis. (b) This
chapter shall be liberally construed in conformity with the said intent. (Acts 1961, No. 895,
p. 1407, §1; Acts 1961, Ex. Sess., No. 289, p. 2335, §1.)...
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22-21-131
Section 22-21-131 Purpose and construction of article. It is the intention of the Legislature
by the passage of this article to empower each incorporated city and town in the state to
authorize the incorporation of one or more public corporations as political subdivisions of
the state for the purpose of providing public hospital facilities, to invest each corporation
organized under this article with all powers that may be necessary to enable it to accomplish
such purposes, including the power to lease or operate its properties and to issue interest-bearing
revenue bonds, and to grant to the municipality power to rent such public hospital facilities
on a year-to-year basis and to pledge tax revenues to secure the rent payable therefor. This
article shall be liberally construed in conformity with the said intent. (Acts 1961, No. 109,
p. 134, §1; Acts 1978, No. 409, p. 394, §2.)...
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45-37A-54.34
Section 45-37A-54.34 Powers and duties. The district shall have the power to do any of the
following: (1) Sue and be sued in its own name. (2) Plan, acquire, own, construct, operate,
and maintain an enclosed and covered stadium for use as coliseums, sports arenas, sports pavilions,
exposition sites, field houses, or other buildings or structures for holding sports events,
athletic contests, contests of skill, exhibitions, spectacles, and other public meetings,
and pertinent indoor and outdoor recreational facilities, recreation centers, playing fields,
courts, gymnasiums, club houses, parking facilities and areas, other suitable concessions
appertaining thereto, related buildings, and all facilities and properties incidental and
necessary to a complex suitable for any or all types of sports and recreation, on, above,
and below the ground, appurtenances, incidentals, and all types of property therefor, real
or personal, or both real and personal, including servitudes and rights-of-way,...
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11-61A-13
Section 11-61A-13 Bonds. (a) The authority may issue and sell its interest-bearing revenue
bonds for any corporate purpose at any time or times. The principal of and the interest on
the bonds shall be payable solely from, and may be secured by a pledge of, the revenues derived
by the authority from the operation of any or all of its parking facilities and other property,
or by mortgage of any property of the authority. The bonds issued or contracts entered by
the authority shall not constitute or create an obligation, debt, or charge against the credit
or taxing power of the state, any county, or municipality within the state. (b) The board
may provide for each of the following regarding the bonds: (1) Issuance time or times. (2)
Form and denominations. (3) Tenor. (4) Payment installments, which shall be at a time or times
not exceeding 40 years from their date. (5) Place or places of payment, whether within or
without the state. (6) Interest rate or rates payable and evidenced in a...
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