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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-7.1.htm - 5K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.06.htm - 13K - Match Info - Similar pages
45-47-250
Section 45-47-250 Definitions. When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) AUTHORITY. The Marion County Public Water Authority, a public corporation organized pursuant to this article. (2) BOARD. The Board of Directors of the Marion County Public Water Authority. (3) BONDS. Bonds, notes, and certificates representing an obligation to pay money. (4) CONCISE LEGAL DESCRIPTION. A reasonably concise description of a particular geographic area which may be by metes and bounds or by reference to government surveys, recorded maps and plats, municipal, county, or state boundary lines, well-defined landmarks and other monuments, or any combination of the foregoing. (5) COUNTY. Marion County. (6) DIRECTOR. A member of the Board of Directors of the Marion County Public Water Authority. (7) FIRE PROTECTION SERVICE. All services involved in protecting property and life from fires...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-47-250.htm - 4K - Match Info - Similar pages
11-88-12
Section 11-88-12 Establishment and revision of rates, fees, and charges for services rendered by authority; applicability of provisions of section to authority organized to construct and operate sewer system. (a) Rates, fees, and charges for water service, sewer service, and fire protection service rendered by the authority from any of its water systems, sewer systems, or fire protection facilities shall be so fixed and from time to time revised as at all times to provide funds at least sufficient to: (1) Pay the cost of operating, maintaining, repairing, replacing, extending and improving the systems and facilities, or either, from which such services are rendered; (2) Pay the principal of and the interest on all bonds issued and obligations assumed by the authority that are payable out of the revenues derived from operation of those systems and facilities as the said principal and interest become due and payable; (3) Create and maintain such reserves for the foregoing purposes or any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-12.htm - 2K - Match Info - Similar pages
45-29-140.09
Section 45-29-140.09 Assistance from state bodies. For the purpose of securing water service and fire protection facilities or aiding or cooperating with the authority in the planning, development, undertaking, construction, extension, improvement, operation, or protection of water systems and fire protection facilities, any county, municipality, or other political subdivision, public corporation, agency, or instrumentality of this state may, upon such terms and with or without consideration, as it may determine: (1) Appropriate, lend, or donate money to or perform services for the benefit of the authority. (2) Donate, sell, convey, transfer, lease, or grant to the authority, without the necessity of authorization at any election of qualified voters, any property of any kind including, but without limitation, any water system or fire protection facility, any interest in any thereof, and any franchise. (3) Do any and all things, whether or not specifically authorized in this section,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-140.09.htm - 1K - Match Info - Similar pages
45-38-141.09
Section 45-38-141.09 Assistance from state bodies. For the purpose of securing water service and fire protection facilities or aiding or cooperating with the authority in the planning, development, undertaking, construction, extension, improvement, operation, or protection of water systems and fire protection facilities, any county, municipality, or other political subdivision, public corporation, agency, or instrumentality of this state, upon such terms and with or without consideration, as it may determine, may do any or all of the following: (1) Appropriate, lend, or donate money to or perform services for the benefit of the authority. (2) Donate, sell, convey, transfer, lease, or grant to the authority, without the necessity of authorization at any election of qualified voters, any property of any kind, including, but without limitation, any water system or fire protection facility, any interest in any thereof, and any franchise. (3) Do any and all things, whether or not...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-38-141.09.htm - 1K - Match Info - Similar pages
45-29-140
Section 45-29-140 Definitions. When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) AUTHORITY. The Fayette County Water Coordinating and Fire Prevention Authority, a public corporation organized pursuant to this article. (2) BOARD. The Board of Directors of the Fayette County Water Coordinating and Fire Prevention Authority. (4) CONCISE LEGAL DESCRIPTION. A reasonably concise description of a particular geographic area which may be by metes and bounds or by reference to government surveys, recorded maps and plats, municipal, county, or state boundary lines, well defined landmarks, and other monuments, or any combination of the foregoing. (5) COUNTY. Fayette County. (3) BONDS. Bonds, notes, and certificates representing an obligation to pay money. (6) DIRECTOR. A member of the Board of Directors of the Fayette County Water Coordinating and Fire Prevention Authority. (7) FIRE...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-140.htm - 4K - Match Info - Similar pages
45-38-141
Section 45-38-141 Definitions. When used in this part, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) AUTHORITY. The Lamar County Water Coordinating and Fire Prevention Authority, a public corporation organized pursuant to this part. (2) BOARD. The Board of Directors of the Lamar County Water Coordinating and Fire Prevention Authority. (3) BONDS. Bonds, notes, and certificates representing an obligation to pay money. (4) CONCISE LEGAL DESCRIPTION. A reasonably concise description of a particular geographic area which may be by metes and bounds or by reference to government surveys, recorded maps and plats, municipal, county, or state boundary lines, well-defined landmarks and other monuments, or any combination of the foregoing. (5) COUNTY. Lamar County. (6) DIRECTOR. A member of the Board of Directors of the Lamar County Water Coordinating and Fire Prevention Authority. (7) FIRE PROTECTION SERVICE....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-38-141.htm - 4K - Match Info - Similar pages
11-88-4
Section 11-88-4 Filing of certificate of incorporation, copy of resolution of county governing body, etc., with probate judge; contents and execution of certificate of incorporation; entry of order by probate judge requiring recordation of certificate of incorporation, etc.; notification of Secretary of State of recordation of certificate of incorporation. (a) Within 40 days following the adoption of a resolution in accordance with Section 11-88-3, the applicants, or not less than three of the applicants, shall proceed to incorporate an authority by filing for record in the office of the judge of probate of the determining county a certificate of incorporation which shall comply in form and substance with the requirements of this section and which shall be in the form and executed in the manner provided in this section. (b) The certificate of incorporation of the authority shall state: (1) The names of the persons forming the authority, together with the residence of each, and that...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-4.htm - 4K - Match Info - Similar pages
11-89-12
Section 11-89-12 Establishment and revision of rates, fees, and charges for services rendered by district. Rates, fees, and charges for water service, sewer service, and fire protection service rendered by the district from any of its water systems, sewer systems or fire protection facilities shall be so fixed and from time to time revised as at all times to provide funds at least sufficient to: (1) Pay the cost of operating, maintaining, repairing, replacing, extending, and improving the systems and facilities or either from which such services are rendered; (2) Pay the principal of and the interest on all bonds issued and obligations assumed by the district that are payable out of the revenues derived from operation of those systems and facilities as the said principal and interest become due and payable; (3) Create and maintain such reserve for the foregoing purposes or any of them as may be provided in any mortgage and deed of trust or trust indenture executed by the district under...
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