§ 64-4-115. Contracts — Force Account Construction
Except as otherwise provided, all contracts of the port authority shall be entered into and executed in such manner as may be prescribed by the board of commissioners, but no contract or acquisition by purchase of equipment, apparatus, materials or supplies, involving more than five hundred dollars ($500) or for construction, installation, repair or improvement […]
§ 64-4-116. Construction of Chapter
The powers, authority and rights conferred by this chapter are in addition and supplemental to any other general, special or local law conferring powers to counties, industrial development corporations or port authorities, and the limitations imposed by this chapter do not affect the powers conferred to any county, industrial development corporation or port authority created […]
§ 64-4-111. Bondholders’ Rights in Event of Default
The county legislative body or the board of commissioners authorizing and issuing bonds has the power, by resolution, to confer upon any holder or holders of a specified amount or percentage of bonds, including a trustee or trustees, for such holders, the rights, in the event of an “event of default,” as defined in such […]
§ 64-4-112. Bondholders’ Rights Generally
Any holder or holders of bonds, including the trustee or trustees for holders of such bonds, have the right, in addition to all other rights: By mandamus or other suit, action or proceeding in any court of competent jurisdiction, to enforce the rights of the holder or holders of bonds against the county legislative body […]
§ 64-4-113. Duties of Treasurer
All moneys derived from the issuance of bonds hereunder, together with any federal or other grant or loan made, for the purposes of this chapter, shall be paid to the treasurer of the port authority. The treasurer shall deposit such moneys, together with all the receipts from the authority operations, in a separate bank account […]
§ 64-4-114. Application of Revenues
The revenues derived from the operation of the port, storage and transfer facilities and any and all other facilities authorized in this chapter and the proceeds derived from the sale, transfer, lease or other disposition of any land or other facilities shall be applied and used as follows: The payment of operating expenses of the […]
§ 64-4-105. Powers and Duties of Board
The port authority board of commissioners has the power and is hereby authorized to: Acquire, construct, purchase, operate, maintain, replace, repair, rebuild, extend and improve, within the boundaries of Decatur, Hardin, Perry and Wayne counties, upon first obtaining express permission and authority from the governing body of such county or municipality wherein such facilities are […]
§ 64-4-106. Transfer to Authority of Interests in Land
Any one (1) of the participating counties, Decatur, Hardin, Perry or Wayne, upon the written recommendation of the port authority commissioners, may acquire any interest in land within the boundaries of the county by gift, purchase or lease and may transfer the interest to the authority by sale, lease or gift. The transfer may be […]
§ 64-4-107. Facilities Free From Outside Control — Tax-Exempt Status — Payments to Authority in Lieu of Ad Valorem Taxes
The participating counties, Decatur, Hardin, Perry and Wayne, and the board of commissioners are not required to obtain any certificate of convenience or necessity, franchise, license, permit or other authorization from any bureau, board, commission or other like instrumentality of the state or any political subdivision thereof, in order to acquire, construct, purchase, operate or […]
§ 64-4-108. Powers of Participating Counties
The county legislative bodies of Decatur, Hardin, Perry and Wayne counties, individually or together, have all necessary powers in order to further the purposes of this chapter. The participating counties are authorized to appropriate to the port authority from their general funds, or such other funds as may be unappropriated, in furtherance of the powers […]