Code of Alabama

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11-88-9
Section 11-88-9 Bonds of authority - Contracts to secure payment of principal and interest.
As security for payment of the principal of and interest on bonds issued or obligations assumed
by it, the authority may enter into a contract or contracts binding itself for the proper
application of the proceeds of bonds and other funds, for the continued operation and maintenance
of any water system, sewer system or fire protection facility owned by it or any part or parts
thereof, for the imposition and collection of reasonable rates for and the promulgation of
reasonable regulations respecting any service furnished from such system or facility, for
the disposition and application of its gross revenues or any part thereof and for any other
act or series of acts not inconsistent with the provisions of this article for the protection
of the bonds and other obligations being secured and the assurance that the revenues from
such system or facility will be sufficient to operate such system or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-9.htm - 2K - Match Info - Similar pages

45-29-140.07
Section 45-29-140.07 Power to contract. (a) As security for payment of the principal of and
interest on bonds or obligations assumed by it, the authority may enter into a contract or
contracts binding itself for the proper application of the proceeds of bonds and other funds,
for the continued operation and maintenance of any water system and fire protection facilities
owned by it or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from any such system or facility, for the disposition and application of its gross revenues
or any part thereof and for any other act or series of acts not inconsistent with this article
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system or facility will be sufficient to operate such system or facility,
maintain the same in good repair and in good operating condition, pay the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-140.07.htm - 1K - Match Info - Similar pages

45-38-141.07
Section 45-38-141.07 Power to contract. (a) As security for payment of the principal of and
interest on bonds or obligations assumed by it, the authority may enter into a contract or
contracts binding itself for the proper application of the proceeds of bonds and other funds,
for the continued operation and maintenance of any water system and fire protection facilities
owned by it or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from any such system or facility, for the disposition and application of its gross revenues
or any part thereof and for any other act or series of acts not inconsistent with this part
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system or facility will be sufficient to operate such system or facility,
maintain the same in good repair and in good operating condition, pay the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-38-141.07.htm - 1K - Match Info - Similar pages

45-47-250.07
Section 45-47-250.07 Contracts of the authority. (a) As security for payment of the principal
of and interest on bonds or obligations assumed by it, the authority may enter into a contract
or contracts binding itself for the proper application of the proceeds of bonds and other
funds, for the continued operation and maintenance of any water system and fire protection
facilities owned by it or any part or parts thereof, for the imposition and collection of
reasonable rates for and the promulgation of reasonable regulations respecting any service
furnished from any such system or facility, for the disposition and application of its gross
revenues or any part thereof, and for any other act or series of acts not inconsistent with
this article for the protection of the bonds and other obligations being secured and the assurance
that the revenues from such system or facility will be sufficient to operate such system or
facility, maintain the same in good repair and in good operating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-47-250.07.htm - 1K - Match Info - Similar pages

45-25-250.06
Section 45-25-250.06 Contracts of the authority. As security for payment of the principal of
and interest on bonds or obligations assumed by it, the authority may enter into a contract
or contracts binding itself for the proper application of the proceeds of bonds and other
funds, for the continued operation and maintenance of any water, sewer, or garbage system
owned by it or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from any such system or facility, for the disposition and application of its gross revenues
or any part thereof and for any other act or series of acts not inconsistent with this article
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system or facility will be sufficient to operate such system or facility,
maintain the same in good repair and in good operating condition, pay the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-25-250.06.htm - 1K - Match Info - Similar pages

45-30-250.07
Section 45-30-250.07 Contracts of the authority. (a) As security for payment of the principal
of and interest on bonds or obligations assumed by it, the authority may enter into any contract
binding itself for the proper application of the proceeds of bonds and other funds, for any
of the following purposes: (1) The continued operation and maintenance of any water system
owned by it, or any part or parts thereof. (2) The imposition and collection of reasonable
rates for, and the promulgation of reasonable regulations respecting any service furnished
from any system or facility. (3) The disposition and application of its gross revenues or
any part thereof. (4) Any other act or series of acts necessary for the protection of the
bonds and other obligations being secured and the assurance that the revenues from the system
or facility shall be sufficient to operate and maintain the system or facility, pay the principal
of and interest on any bonds payable from the revenues, and maintain...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-30-250.07.htm - 1K - Match Info - Similar pages

45-46-90.09
Section 45-46-90.09 Power to contract. As security for payment of the principal of and the
interest on bonds issued or obligations assumed by it, the authority may enter into a contract
or contracts binding itself for the proper application of the proceeds of bonds and other
funds, for the continued operation and maintenance of any industrial or commercial facility,
or port, dock, wharf, or related facilities owned by it, or any part or parts thereof, for
the imposition and collection of reasonable fees, rents, tolls, and other charges for, and
the promulgation of reasonable regulations respecting the use of any such facilities, for
the disposition and application of its gross revenues or any part thereof, and for any other
act or series of acts, not inconsistent with this article for the protection of the bonds
and other obligations being secured and the assurance that the revenues from such facilities
will be sufficient to operate such system, maintain the same in good repair and in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46-90.09.htm - 1K - 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

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

33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the agency
shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in its corporate
name. b. May sue and be sued 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 the federal, state and local governments, with agencies of such governments,
with private individuals, corporations, associations, trusts and other organizations as the
board may deem necessary or convenient to enable it to carry out the purposes of this chapter,
including the planned, orderly residential development of the area. e. May adopt, amend and
repeal bylaws. f. May appoint such managers, officers, employees, attorneys and agents as
the board deems necessary for the transaction of its business, fix their compensation, define
their duties, require bonds of such of them as the board may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-12-5.htm - 18K - Match Info - Similar pages

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