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11-50-416
Section 11-50-416 Purpose of article; proceedings, notices, etc., required by article for incorporation,
etc., exclusive; exemption of districts from jurisdiction and regulation of state public service
commission. (a) This article is intended to aid the state in the execution of its duties by
providing appropriate and independent instrumentalities of the state with full and adequate
powers to fulfill their functions. (b) Except as in this article expressly otherwise provided,
no proceeding, notice or approval shall be required for the incorporation of any gas district
or the amendment of its articles of incorporation, the acquisition of any property or system
or systems or the making of any loans or the issuance of any bonds or instruments in evidence
thereof or as security therefor, any other law to the contrary notwithstanding. (c) Every
district incorporated under this article and every gas system of such district and the rates
and charges thereof shall be exempt from all...
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16-17-18
Section 16-17-18 Notice of bond resolution. 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 published in the determining municipality,
or if there is no newspaper published in the determining municipality, then in a newspaper
published in the county in which the determining municipality or any part thereof is located,
a notice in substantially the following form (the blanks being properly filled in) at the
end of which shall be printed the name and title of either the chairman or secretary of the
authority: "____, a public corporation and a political subdivision of the State of Alabama,
on the ____ day of ____, authorized the issuance of $____ principal amount of revenue bonds
of the said public corporation for purposes authorized in the act of the Legislature of Alabama
under which the said public corporation was organized. Any action...
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16-18-20
Section 16-18-20 Notice of bond resolution. 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 published in the determining municipality,
or if there is no newspaper published in the determining municipality then in a newspaper
published in the county in which the determining municipality or any part thereof is located,
a notice in substantially the following form (the blanks being properly filled in) at the
end of which shall be printed the name and title of either the chairman or secretary of the
authority: "____, a public corporation and a political subdivision of the State of Alabama,
on the ____ day of ____, authorized the issuance of $____ principal amount of revenue bonds
of the said public corporation for purposes authorized in the act of the Legislature of Alabama
under which the said public corporation was organized. Any action...
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33-13-2
Section 33-13-2 Legislative intent; construction of chapter. It is the intention of the Legislature
by the passage of this chapter to implement Constitutional Amendment No. 338 by: (1) Authorizing
the issuance of the interest-bearing general obligation bonds of the state provided for in
the said constitutional amendment; (2) Providing for the incorporation of a public corporation
to act as the agency of the state in the authorization, sale, issuance and approval of disbursement
of proceeds of the said bonds and to perform the other functions hereinafter specified; and
(3) Providing for the expenditure of the proceeds from the said bonds. It is also the intention
of the Legislature that, to the extent deemed feasible, in the sole discretion of the Alabama
State Docks Department with the approval of the Alabama Port Authority, the proceeds from
the said bonds will be used in preparation for and in anticipation of the demands that will
be made upon and the opportunities that will be...
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11-58-7
Section 11-58-7 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, etc.;
dissolution of corporation. (a) All bonds issued by a corporation organized under authority
of this chapter shall be solely and exclusively obligations of the corporation and shall not
create an obligation or debt of any municipality or county. No county or municipality shall
pledge its faith or credit for the payment of any debt incurred or bonds issued by the corporation.
(b) Bonds may be executed and delivered at any time and from time to time, may be in the form
and denominations, may be of the tenor, may be in registered or bearer form, either as to
principal or interest or both, may be payable in installments and at a time or times, not
exceeding 40 years from their issuance date, may be payable at a place or places, may bear
interest at a rate or rates payable at a place or places and evidenced in a manner, and may
contain provisions not inconsistent with this chapter as may be provided by...
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11-9-2
Section 11-9-2 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county which is
now levying or may hereafter levy a special sanitary tax shall have the power from time to
time to sell and issue, in addition to all other securities which it may now or hereafter
be authorized to issue, interest-bearing warrants or certificates of indebtedness of such
county for the purpose of paying the costs of acquiring, providing, constructing, enlarging
or extending a sanitary sewer system or systems or any part or parts thereof, including sanitary
sewers, outfall lines, a sewage disposal plant or plants and appurtenances to any thereof;
provided, that the maximum principal amount of warrants and certificates of indebtedness that
may be issued under the provisions of this article shall not exceed $1,500,000.00. Any such
warrants or certificates of indebtedness may be in such denomination or...
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11-92A-16
Section 11-92A-16 Use of bonds, proceeds, etc. (a) The proceeds from the sale of any bonds
shall be applied as provided in the proceedings in which the bonds are authorized to be issued,
including without limitation, the payment of all legal, fiscal, and recording fees and expenses
incurred in connection with the authorization, sale, and issuance of the bonds and, if so
provided in the proceedings authorizing their issuance, interest on said bonds (or if only
a part of any issue of bonds is issued for acquisition purposes, interest on that portion
of the bonds of that issue that is issued to pay acquisition costs) for a reasonable period
prior to and during the time required for the acquisition, construction, and equipping of
the project. An authority may provide in the proceedings authorizing the issuance of bonds
for the funding of a debt service reserve and/or a replacement and extension reserve from
the proceeds of its bonds. (b) All contracts made by an authority and all bonds...
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11-92A-1
Section 11-92A-1 Definitions. When used in this chapter, the following terms shall have the
following meanings, respectively, unless the context clearly indicates otherwise: (1) ARTICLES.
The articles of incorporation or articles of reincorporation of an authority. (2) AUTHORITY.
A public corporation incorporated and reincorporated pursuant to the provisions of this chapter.
(3) AUTHORIZED OPERATIONAL AREA. The county or counties in which the authority has been or
is proposed to be authorized to operate, as designated in its articles of incorporation in
accordance with the provisions of this chapter. If an authority does not designate an authorized
operational area, then such authority's authorized operational area shall be deemed for all
purposes to be solely the county of incorporation of the authority. (4) BOARD OF DIRECTORS.
The board of directors of an authority. (5) BOND OR BONDS. A bond or bonds issued under the
provisions of this chapter. (6) COUNTY OF INCORPORATION. The county...
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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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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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