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41-9-682
any of the aforesaid facilities. (c) The authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof: (1) To adopt, alter
and repeal bylaws, not inconsistent with the provisions of this section, for the regulation
and conduct of its affairs and business; (2) To acquire, whether by purchase, construction,
exchange, gift, lease or otherwise and to improve, maintain, equip and furnish one or more
projects, including all real and personal properties which the members of the authority
may deem necessary in connection therewith, regardless of whether or not any such projects
shall then be in existence; (3) To lease to others any or all of its projects and properties
and to charge and collect rent therefor and to terminate any such lease upon the failure of
the lessee to comply with any of the obligations thereof; (4) To receive and accept, from
any source, aid or contributions of money, property, labor or other items of value...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-682.htm - 13K - Match Info - Similar pages
7-9-501
Section 7-9-501 Default; procedure when security agreement covers both real and personal
property. Repealed by Act 2001-481, p. 647, ยง 4, effective January 1, 2002. (Acts 1965, No.
549, p. 811; Acts 1981, No. 81-312, p. 399.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9-501.htm - 531 bytes - Match Info - Similar pages
7-2A-501
Section 7-2A-501 Default: Procedure. (1) Whether the lessor or the lessee is in default under
a lease contract is determined by the lease agreement and this article. (2) If the lessor
or the lessee is in default under the lease contract, the party seeking enforcement has rights
and remedies as provided in this article and, except as limited by this article, as provided
in the lease agreement. (3) If the lessor or the lessee is in default under the lease contract,
the party seeking enforcement may reduce the party's claim to judgment, or otherwise enforce
the lease contract by self-help or any available judicial procedure or nonjudicial procedure,
including administrative proceeding, arbitration, or the like, in accordance with this article.
(4) Except as otherwise provided in Section 7-1-305(a), or this article or the lease agreement,
the rights and remedies referred to in subsections (2) and (3) are cumulative. (5) If the
lease agreement covers both real property and goods, the party...
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16-17A-11
lien of that pledge shall be valid and binding against all parties having claims of any kind
against the authority, irrespective of whether the parties have actual notice thereof. The
resolution or security document establishing a pledge of revenues may provide that the lien
established extends, on a pari passu basis, to any additional indebtedness issued as a parity
obligation in accordance with the terms of the financing document. (b) Any security document
relating to any real property, personal property, fixtures, or other tangible property
of an authority may be filed in the office of the judge of probate of the county in which
the property to be secured is located, and the lien of the security document shall be valid
and binding against all parties having claims of any kind against the authority, irrespective
of whether any person has actual notice thereof, from the time the security document is so
filed, with respect to all property subject thereto, including, without...
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11-81-241
Section 11-81-241 Definitions. For the purposes of this article, the following words shall
have the following meanings: (1) COSTS OF A QUALIFIED PROJECT. All costs including, but not
limited to, the following: a. All costs of acquisition, by purchase or otherwise, construction,
assembly, installation, modification, renovation, or rehabilitation incurred in connection
with any qualified project or any part of any qualified project. b. All costs of real property,
fixtures, or personal property used in or in connection with or necessary for any qualified
project or for any facilities related thereto, including, but not limited to, the following:
1. The cost of all land, estates for years, easements, rights, improvements, water rights,
connections for utility services, fees, franchises, permits, approvals, licenses, and certificates.
2. The cost of securing any franchises, permits, approvals, licenses, or certificates. 3.
The cost of preparation of any application therefor and the cost of...
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7-9A-509
Section 7-9A-509 Persons entitled to file a record. (a) Person entitled to file record. A person
may file an initial financing statement, amendment that adds collateral covered by a financing
statement, or amendment that adds a debtor to a financing statement only if: (1) the debtor
authorizes the filing in an authenticated record or pursuant to subsection (b) or (c); or
(2) the person holds an agricultural lien that has become effective at the time of filing
and the financing statement covers only collateral in which the person holds an agricultural
lien. (b) Security agreement as authorization. By authenticating or becoming bound as debtor
by a security agreement, a debtor or new debtor authorizes the filing of an initial financing
statement, and an amendment, covering: (1) the collateral described in the security agreement;
and (2) property that becomes collateral under Section 7-9A-315(a)(2), whether or not the
security agreement expressly covers proceeds. (c) Acquisition of...
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16-13-301
Section 16-13-301 Definitions. The following terms as used in this article shall have the following
meanings: (1) BOARD. Any county board of education and any city board of education. (2) COSTS.
When used with reference to or in connection with any public school facility or any portion
thereof, all or any part of the costs of acquiring, constructing, altering, enlarging, extending,
reconstructing, or remodeling such facility, including (i) the costs of all lands, structures,
real or personal property, rights, rights-of-way, franchises, easements, permits, licenses
and interests acquired or used for, in connection with or with respect to such public school
facility; (ii) the costs of demolishing or removing any buildings or structures on land so
acquired, including the costs of acquiring land to which such buildings or structures may
be moved; (iii) the costs of all machinery, equipment, furniture, furnishings, fixtures, and
tangible and intangible personal property acquired or used...
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41-10-673
Section 41-10-673 Powers and duties of the authority. The authority shall have, in addition
to all powers heretofore granted to the authority pursuant to the enabling act, the following
powers: (1) To sell and issue the bonds authorized herein for the purposes specified herein.
(2) To pledge the pledged revenues as security for the payment of the bonds. (3) To acquire
any real or personal property and to convey the same to the companies or to any local
governmental entity with or without consideration. (4) To lease any real or personal
property to the companies or to any local governmental entity for use in any part of the projects.
(5) To mortgage any part of the projects as security for the bonds. (6) To make, enter into,
and execute contracts, agreements, or other instruments necessary to acquire or construct
capital improvements to any part of the projects. (7) To incur ancillary costs, projects costs,
and training costs and to pay for the same out of proceeds of the bonds, subject...
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45-37-90.06
bonds shall be payable solely from taxes made payable to the authority by any act of the Legislature
heretofore or hereafter adopted and from the revenues of the authority derived from the activities,
operations, and enterprises in which the authority is hereby authorized to engage. As security
for any money so borrowed, together with interest thereon, and any obligations incurred or
assumed, the authority, in its discretion, may mortgage, pledge, or otherwise transfer and
convey its real, personal, and mixed property, or any part or parts thereof, whether
then owned or thereafter acquired, including any franchises then owned or thereafter acquired,
and all or any part of the taxes payable to the authority under any act of the Legislature
heretofore or hereafter adopted, and all or any part of revenues desired from the activities,
operation, and enterprises in which the authority is hereby authorized to engage. In the resolution
authorizing such revenue bonds or the mortgage given to...
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45-39A-11.05
bonds shall be payable solely from taxes made payable to the authority by an act of the Legislature
heretofore or hereafter adopted and from the revenues of the authority derived from the activities,
operations, and enterprises in which the authority is hereby authorized to engage. As security
for any money so borrowed, together with interest thereon, and any obligations incurred or
assumed, the authority, in its discretion, may mortgage, pledge, or otherwise transfer and
convey its real, personal, and mixed property, or any part or parts thereof, whether
then owned or thereafter acquired, including any franchises then owned or thereafter acquired,
and all or any part of the taxes payable to the authority under any act of the Legislature
heretofore or hereafter adopted and all or any part of revenues derived from the activities,
operation, and enterprises in which the authority lawfully engages. In the resolution authorizing
such revenue bonds or the mortgage given to secure the...
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