41-10-327
Section 41-10-327 Exemption from taxation. The properties of the authority and the income therefrom,
all lease agreements made by the authority and all bonds and promissory notes issued by the
authority, the interest thereon, the coupons, if any, applicable thereto, the income therefrom
and all lien notices with respect thereto, and all purchases and uses of property by the authority
shall be forever exempt from any and all taxation in the state or in any county, municipality
or political subdivision thereof. (Acts 1986, No. 86-546, p. 1093, §28.)...
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41-10-517
Section 41-10-517 Exemption from taxation. The properties of the authority and the income therefrom,
all lease agreements made by the authority and all bonds and promissory notes issued by the
authority, the interest thereon, the coupons, if any, applicable thereto, the income therefrom
and all lien notices with respect thereto, and all purchases and use of property by the authority
shall be forever exempt from any and all taxation in the state or in any county, municipality
or political subdivision thereof. (Acts 1990, No. 90-603, p. 1094, §28.)...
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11-92C-8
Section 11-92C-8 Powers of authority. (a) 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,
subject to Section 11-92C-20, specified in its certificate of incorporation. (2) To sue and
be sued in its own name and to prosecute and defend civil actions in any court having jurisdiction
of the subject matter and of the parties; provided that the authority shall be deemed to be
a governmental entity as defined in Chapter 93 of this title for the purpose of limiting the
damages for which the authority may be liable. (3) To adopt and make use of a corporate seal
and to alter the seal at its pleasure. (4) To adopt and alter bylaws for the regulation and
conduct of its affairs and business. (5) To acquire, whether by purchase, construction, exchange,
gift, lease, or otherwise, and to refinance existing...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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45-8-90
Section 45-8-90 Economic Development Council - Creation; composition; powers and duties. (a)(1)
For the purposes of promoting industry and trade and economic development and to assist Calhoun
County and the municipalities located therein in their pursuits therefor and to provide for
the exercise by the county and the municipalities of certain powers and authority proposed
to be granted to them by an amendment to the Constitution of Alabama, the act proposing such
amendment being adopted at the same session of the Legislature at which the act adding this
section was adopted, there is hereby created an economic development council for Calhoun County,
which council shall constitute a public corporation under the name Calhoun County Economic
Development Council. (2) This section shall be liberally construed in conformity with the
purposes. (b)(1) The powers and authorities of the Calhoun County Economic Development Council
shall be vested in and performed by a board of directors. (2) The...
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41-10-179
Section 41-10-179 Taxation of income, property, leases, bonds, etc., of the authority. The
authority shall have a tax-exempt status, and the properties of the authority and the income
therefrom, all lease agreements and contracts made by it, all bonds issued by it and the coupons
applicable thereto and the income therefrom and all indentures executed with respect thereto
shall be forever exempt from any and all taxation by the State of Alabama and any political
subdivision thereof, including, but not limited to, income, admission, amusement, excise,
and ad valorem taxes. (Acts 1981, No. 81-792, p. 1390, §10.)...
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22-21-333
Section 22-21-333 Exemptions from taxation. All properties of an authority, whether real, personal
or mixed, and the income therefrom, all securities issued by an authority and the coupons
applicable thereto and the income therefrom, and all indentures and other instruments executed
as security therefor, all leases made pursuant to the provisions of this article and all revenues
derived from any such leases, and all deeds and other documents executed by or delivered to
an authority shall be exempt from any and all taxation by the state, or by any county, municipality
or other political subdivision of the state, including, but without limitation to, license
and excise taxes imposed in respect of the privilege of engaging in any of the activities
in which an authority may engage. An authority shall not be obligated to pay or allow any
fees, taxes or costs to the judge of probate of any county in respect of its incorporation,
the amendment of its certificate of incorporation or the...
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41-9-547
Section 41-9-547 Tax exempt status. The authority shall be tax exempt and the properties of
the authority and any income therefrom, all lease agreements and all contracts made by the
authority and all income therefrom, and all indentures executed with respect thereto shall
be forever exempt from any and all taxation by the State of Alabama and any political subdivision
thereof, including, but not limited to, income taxes, admission taxes, amusement taxes, sales
and use taxes, and ad valorem taxes. (Act 2011-568, p. 1146, §9.)...
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11-50A-7
Section 11-50A-7 Tax exemptions; payments in lieu of taxes. All bonds, bond anticipation notes,
and notes issued by the authority, the interest thereon, and the income therefrom shall be
forever exempt from all taxation in the state. All income of the authority, all obligations,
lease agreements, and mortgages of the authority, all conveyances by or to the authority,
and all lien notices or other filings with respect to the property of the authority and the
transfer thereof shall be forever exempt from any and all taxation in the state. The purchase,
sale, or use of property by the authority shall be exempt from all sales, use, and license
taxes levied by the state and all political subdivisions of the state. All property of the
authority shall be exempt from ad valorem property taxation. Nevertheless, the authority,
or any agent of the authority designated for the purpose of constructing, maintaining, or
operating any project of the authority, shall pay to any validly constituted...
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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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