2-3A-8
Section 2-3A-8 Bonds of the authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and other receipts of the authority as may be
designated in the proceedings of the board under which the bonds shall be authorized to be
issued. (b) Pledge of revenues and other security. The principal of and interest on any bonds
issued by the authority shall be secured by a pledge of the revenues and other receipts out
of which the same may be payable and may be secured by a trust indenture evidencing such pledge
or by a foreclosable mortgage and deed of trust conveying as security for such bonds all or
any part of the property of the authority from which the revenues so pledged may be derived.
The resolution under which the bonds are authorized to be issued or any such trust indenture
or mortgage may contain any agreements and provisions respecting the maintenance and insurance
of the property covered by such trust indenture or mortgage, the use...
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33-2-189
Section 33-2-189 Docks facilities revenue bonds and refunding bonds - Disposition of proceeds
of docks facilities revenue bonds. The department shall pay out of the proceeds from the sale
of any of the docks facilities revenue bonds all expenses that the director may deem necessary
or advantageous in connection with the sale and issuance of such docks facilities revenue
bonds (including any discount reflected in the purchase price thereof paid to the department),
including fees and disbursements of attorneys, accountants, financial advisors, consulting
engineers, and other consultants, fees and disbursements of trustees and escrow agents, bond
insurance premiums, printing costs, and other customary bond issuance expenses. Proceeds of
any of the docks facilities revenue bonds may also be applied to pay the costs of any surety
bonds or bonds that the department may cause to be deposited in a reserve account to further
secure the payment of principal of, premium, if any, and interest on...
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41-10-60
Section 41-10-60 Disposition of proceeds from sale of bonds and refunding bonds. (a) The authority
shall pay out of the proceeds from the sale of any of the bonds all expenses, including fees
of agents and attorneys and other charges, which said board of directors may deem necessary
or advantageous in connection with the issuance of the bonds. The proceeds of the bonds, other
than refunding bonds, remaining after paying the expenses of their issuance shall be turned
over to the State Treasurer and shall be carried by him in a special account to the credit
of the authority and shall be subject to be drawn on by the authority solely for the purposes
of acquiring real estate suitable for the purpose of the authority in Jefferson County, Alabama,
including all expenses reasonably necessary in connection with such acquisition, and erecting,
constructing and equipping on such real estate exhibition halls, buildings, warehouses, storage
facilities, parking areas and other structures and...
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41-9-430
Section 41-9-430 Creation; commission a public body corporate; commission to provide, etc.,
facilities for exhibits of National Aeronautics and Space Administration, Department of Army,
etc.; commission empowered to provide lodging for visitors, etc. There is hereby created and
established a state agency to be known as the Alabama Space Science Exhibit Commission, which
shall be a public body corporate with all the powers and privileges of a corporation, for
the purpose of providing for and participating in the management and control of facilities
to house and display such visual exhibits of space exploration and hardware used therefor
as may be made available by the National Aeronautics and Space Administration. Such facility
shall constitute a permanent housing for the national aeronautics and space administration
exhibit, which shall be open to the general public and shall be located at a place to be designated
and made available in Madison County for a nominal cost through the...
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11-20-73
Section 11-20-73 Powers of authority; execution of contracts; disposition of funds. (a) An
agriculture authority shall have the following powers, which it may exercise in the agriculture
authority's authorized operational area: (1) To have succession by its corporate name until
dissolved as provided in this article. (2) To adopt bylaws making provisions for its actions
not inconsistent with this article. (3) To institute and defend legal proceedings in any court
of competent jurisdiction and proper venue; provided, however, that the board may not be sued
in any trial court other than the courts of the county of incorporation; provided, further,
that the officers, directors, agents, and employees of an agriculture authority may not be
sued for their actions in behalf of the authority except for actions that are unreasonable
or known by the person to be unlawful or are performed with reckless disregard for the lawfulness
of such actions. (4) To plan for construction and development of an...
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11-86A-12
Section 11-86A-12 Powers of authority generally. An authority shall have the following powers:
(1) To have succession by its corporate name until dissolved as provided in this chapter.
(2) To institute and defend legal proceedings in any court of competent jurisdiction and proper
venue; provided, however, that an authority may not be sued in any court other than the courts
of the county of incorporation; provided, further, that the officers, directors, agents, and
employees of an authority may not be sued for their actions on behalf of the authority except
for actions that are known by a person to be unlawful or are performed with reckless disregard
for the lawfulness of the actions. (3) To have and to use a corporate seal and to alter the
seal at its pleasure. (4) To establish a fiscal year. (5) To anticipate by the issuance of
its bonds the receipt of any revenues that may be appropriated by or to the authority and
to pledge the proceeds of the appropriations as security for the...
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2-6-117
Section 2-6-117 Disposition of refunding bond proceeds. (a) The proceeds of refunding bonds
shall be applied, together with any other moneys legally available, to the payment of the
expenses authorized by this article and to the payment of the principal of, premium, if any,
and interest due and to become due on any outstanding bonds to be refunded. The expenses authorized
by this article shall include, in addition to other expenses authorized by this article, all
expenses that the board of directors may deem necessary or advantageous in connection with
the sale and issuance of refunding bonds, including, without limitation, the expenses of selling
and issuing such refunding bonds, including any discount reflected in the purchase price paid
to the corporation, fees and disbursements of attorneys, accountants, fiscal agents, financial
advisors, and other consultants, fees and disbursements of trustees, escrow agents, registrars,
paying agents, transfer agents, depositories for...
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22-21-77
Section 22-21-77 Powers of corporation. The corporation shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To have succession by its corporate name for the duration of time, which may be in perpetuity,
specified in its certificate of incorporation or until dissolved as provided in Section 22-21-82;
(2) To maintain actions and have actions maintained against it and to defend action maintained
against it; (3) To make use of a corporate seal and to alter the same at pleasure; (4) To
receive, acquire, take and hold, whether by purchase, gift, lease, devise or otherwise, real
and personal estate of every description and to manage and dispose of same by any form of
legal conveyance or transfer; (5) To acquire, construct, equip, enlarge, improve, maintain
and operate a hospital and to do all things necessary to that end; (6) With the approval of
the board of directors, to design, construct, purchase or...
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41-14A-2
Section 41-14A-2 Definitions. As used in this chapter, the following words and terms shall
have the following meanings: (1) AVERAGE MONTHLY BALANCE OF PUBLIC DEPOSITS. The sum of the
average daily balances of public deposits, meaning the net average daily balances of public
deposits determined without any deduction for deposit insurance, for the reported month and
the 11 months preceding that month, divided by 12. (2) BOARD OF DIRECTORS or BOARD. The Board
of Directors of the SAFE Program established under Section 41-14A-6. The board of directors
shall consist of eight members. (3) COLLATERAL-PLEDGING LEVEL or COLLATERAL-PLEDGING REQUIREMENT.
The percentage or percentages of collateral, in relation to one or more levels of public deposits
held, required to be pledged by a qualified public depository as determined in accordance
with the provisions of this chapter or rules or orders of the board adopted pursuant to this
chapter. (4) COVERED PUBLIC ENTITY. The state and its political...
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45-17-92
Section 45-17-92 Colbert County Tourism and Convention Bureau. (a) This section shall apply
only in Colbert County. (b) The following words and terms as used in this section, shall have
the meanings hereby ascribed to them: "the bureau" means the public corporation
for which this section provides; "the board" means the board of directors of the
authority for which this section provides. (c)(1) There is hereby established in the county
a public corporation for the purposes herein specified, which corporation shall be vested
with the powers conferred upon it by this section. The public corporation is at times hereinafter
referred to as "the bureau." (2) Subject to the conditions and qualifications hereinafter
stated, the name of the corporation shall be the Colbert County Tourism and Convention Bureau.
(d)(1) The bureau shall be authorized and empowered to conduct programs, including but not
limited to programs of information and publicity designed to attract conventions and tourism
to...
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