37-13-13
Section 37-13-13 Bonds of authority - Security. In the discretion of the authority any bonds
may be issued under and secured by an indenture between the authority and a trustee. Said
trustee may be a private person or corporation, including (but not limited to) any trust company
or bank having trust powers, whether such bank or trust company is located within or without
the state. In any such indenture or resolution providing for the issuance of bonds, the authority
may pledge, for payment of the principal of and the interest on such bonds, any of its revenues
to which its right then exists or may thereafter come into existence and may assign, as security
for such payment, any of its leases, franchises, permits and contracts; and in any such indenture,
the authority may mortgage any of its properties, including any that may be thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received...
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4-3-11
Section 4-3-11 Powers of authority generally. The authority 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; (2) To sue and be sued in its
own name in civil suits and actions, excepting actions in tort against the authority; (3)
To adopt and make use of a corporate seal and to alter the same at pleasure; (4) To adopt
and alter bylaws for the regulation and conduct of its affairs and business; (5) To acquire,
receive, take and hold, whether by purchase, gift, lease, devise or otherwise, property of
every description, whether real, personal or mixed, whether in one or more counties and whether
within or without the corporate limits of any authorizing subdivision, and to manage said
property, and to develop any undeveloped property owned, leased or controlled by...
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4-3-17
Section 4-3-17 Security for bonds. In the discretion of the authority, any bonds may be issued
under and secured by an indenture between the authority and a trustee. Said trustee may be
a private person or corporation, including but not limited to any trust company or bank having
trust powers, whether such bank or trust company is located within or without the state. In
any such indenture or resolution providing for the issuance of bonds, the authority may pledge,
for payment of the principal of and the interest on such bonds, any of its revenues to which
its right then exists or may thereafter come into existence and may assign as security for
such payment, any of its leases, franchises, permits and contracts; and, in any such indenture
the authority may mortgage any of its properties, including any that may be thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received by the authority...
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45-23A-91.01
Section 45-23A-91.01 Definitions. The following words and phrases used in this part, and others
evidently intended as the equivalent thereof, shall, in the absence of clear implication otherwise,
be given the following respective interpretations: (1) APPLICANT. A natural person who files
a written application with the governing body of the city in accordance with Section 45-23A-91.03.
(2) AUTHORITY. The Ozark Downtown Redevelopment Authority, a public corporation organized
pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing body
of the city in accordance with Section 45-23A-91.03, that authorizes the corporation of the
authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Includes bonds,
notes, and certificates representing an obligation to pay money. (6) CITY. The City of Ozark,
Alabama. (7) DIRECTOR. A member of the board of the authority. (8) DOWNTOWN DEVELOPMENT AREA.
The central business district of the city as described in...
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45-27A-31.01
Section 45-27A-31.01 Definitions. The following words and phrases used in this part, 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) APPLICANT. A natural
person who files a written application with the governing body of the city in accordance with
the provisions of Section 45-27A-31.03. (2) AUTHORITY. The Brewton Development Authority,
a public corporation organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution
adopted by the governing body of the city in accordance with Section 45-27A-31.03, that authorizes
the incorporation of the authority. (4) BOARD. The board of directors of the authority. (5)
BONDS. Includes bonds, notes, and certificates representing an obligation to pay money. (6)
CITY. The City of Brewton, Alabama. (7) DIRECTOR. A member of the board of the authority.
(8) GOVERNING BODY. With respect to the city, its city...
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45-35A-52.01
Section 45-35A-52.01 Definitions. The following words and phrases used in this part, and others
evidently intended as the equivalent thereof, in the absence of clear implication herein otherwise,
shall be given the following respective interpretations herein: (1) APPLICANT. A natural person
who files a written application with the governing body of the city in accordance with Section
45-35A-52.03. (2) AUTHORITY. The Dothan Downtown Redevelopment Authority, a public corporation
organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing
body of the city in accordance with Section 45-35A-52.03, that authorizes the corporation
of the authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Includes
bonds, notes, and certificates representing an obligation to pay money. (6) CITY. The City
of Dothan, Alabama. (7) DIRECTOR. A member of the board of the authority. (8) DOWNTOWN DEVELOPMENT
AREA. The central business district of the city...
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45-41A-10.01
Section 45-41A-10.01 Definitions. The following words and phrases used in this part, 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) APPLICANT. A natural
person who files a written application with the governing body of the city in accordance with
Section 45-41A-10.03. (2) AUTHORITY. The Auburn Downtown Redevelopment Authority, a public
corporation organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution adopted
by the governing body of the city in accordance with Section 45-41A-10.03, that authorizes
the incorporation of the authority. (4) BOARD. The board of directors of the authority. (5)
BONDS. Bonds, notes, and certificates representing an obligation to pay money. (6) CITY. The
City of Auburn, Alabama. (7) DIRECTOR. A member of the board of the authority. (8) DOWNTOWN
DEVELOPMENT AREA. The central business district of the city as...
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45-41A-40.01
Section 45-41A-40.01 Definitions. The following words and phrases used in this part, and others
evidently intended as the equivalent thereof, in the absence of clear implication herein otherwise,
shall be given the following respective interpretations herein: (1) APPLICANT. A natural person
who files a written application with the governing body of the city in accordance with Section
45-41A-40.03. (2) AUTHORITY. The Opelika Downtown Redevelopment Authority, a public corporation
organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing
body of the city in accordance with Section 45-41A-40.03, that authorizes the corporation
of the authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Shall include
bonds, notes, and certificates representing an obligation to pay money. (6) CITY. The City
of Opelika, Alabama. (7) DIRECTOR. A member of the board of the authority. (8) DOWNTOWN DEVELOPMENT
AREA. The central business district of the...
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11-89-1
Section 11-89-1 Definitions. When used in this chapter, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) APPLICANT. A natural person who files a written application with the governing body of
any county or municipality or public corporation or cooperative in accordance with the provisions
of Section 11-89-3. (2) AUTHORIZING RESOLUTION. A resolution, adopted by a governing body
in accordance with the provisions of Section 11-89-3, that authorizes the incorporation of
a district. (3) AUTHORIZING SUBDIVISION. Any county or municipality or public corporation
or cooperative the governing body of which shall have adopted an authorizing resolution. (4)
BOARD. The board of directors of a district. (5) BONDS. Bonds, notes and certificates representing
an obligation to pay money. (6) CONCISE LEGAL DESCRIPTION. A reasonably concise description
of a particular geographic area which may be by metes and bounds or by...
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45-46-90.01
Section 45-46-90.01 Definitions. (a) Wherever used in this article, unless a different meaning
clearly appears in the context, the following terms and others evidently intended as the equivalent
thereof, shall be given the following respective interpretations: (1) APPLICANT. A natural
person who files a written application with the governing body of Marengo County, or with
the governing body of any municipality in such county in accordance with Section 45-46-90.02.
(2) AUTHORITY. A public corporation organized pursuant to this article. (3) AUTHORIZING COUNTY.
Marengo County, Alabama, provided the governing body thereof shall have adopted an authorizing
resolution. (4) AUTHORIZING MUNICIPALITY. Any municipality in the county, the governing body
of which shall have adopted an authorizing resolution. (5) AUTHORIZING RESOLUTION. The resolution
that authorizes the incorporation of an authority, adopted by the governing body of the county
or the governing body of any municipality in the...
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