Section 23-2-153 – Exemptions From Levy, Charge, Assessment, Collection, etc., of Certain Taxes; Certificate of Exemption.
Section 23-2-153 Exemptions from levy, charge, assessment, collection, etc., of certain taxes; certificate of exemption. (a) The exercise of the powers granted by this article shall be in all respects for the benefit of the people of the state, for the increase of their commerce and prosperity, and for the improvement of their health and […]
Section 23-2-140 – Short Title.
Section 23-2-140 Short title. This article shall be known, and may be cited, as the Toll Road, Bridge and Tunnel Authority Act. (Acts 1980, No. 80-691, p. 1377, §25.)
Section 23-2-141 – Intent and Purpose of Article.
Section 23-2-141 Intent and purpose of article. The purpose of this article is to facilitate vehicular traffic and safety in the state by providing for the construction of modern toll roads, bridges and tunnels in strategic and essential locations, without taxes and without a pledge of the faith and credit of the state. (Acts 1980, […]
Section 23-2-142 – Definitions.
Section 23-2-142 Definitions. As used in this article, the following words and terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) AUTHORITY. The Alabama Toll Road, Bridge, and Tunnel Authority created by this article, or any board, body, or commission succeeding to the principal functions thereof or to which the […]
Section 23-2-143 – Authority Established; Composition; Meetings; Fidelity Bonds; Compensation.
Section 23-2-143 Authority established; composition; meetings; fidelity bonds; compensation. (a) There is hereby established a body corporate and politic with corporate succession, to be known as the “Alabama Toll Road, Bridge and Tunnel Authority.” The authority is hereby constituted an instrumentality exercising public and essential governmental functions and the exercise by the authority of the […]
Section 23-2-144 – Powers of the Authority.
Section 23-2-144 Powers of the authority. (a) The authority shall have the following powers: (1) To adopt bylaws for the regulation of its affairs and the conduct of its business. (2) To adopt an official seal and alter the same at pleasure. (3) To maintain a principal office and branch offices at the place or […]
Section 23-2-145 – Advertisement for Construction Bids; Award of Contract; Work Done by Force Account; Further Considerations by the Authority.
Section 23-2-145 Advertisement for construction bids; award of contract; work done by force account; further considerations by the authority. (a) Before construction is started on any project, the authority shall advertise for sealed bids once each week for three consecutive weeks in a newspaper of general circulation in the county in which the project or […]
Section 23-2-146 – Grade Separations at Intersections; Relocation of Public Highways; Authority to Enter Private Lands to Drill, Survey, etc.; Relocation, etc., of Public Utility Facilities; Procedures; Costs.
Section 23-2-146 Grade separations at intersections; relocation of public highways; authority to enter private lands to drill, survey, etc.; relocation, etc., of public utility facilities; procedures; costs. (a) The authority shall have power to construct grade separations at intersections of any toll road, bridge or tunnel project with public highways and to change and adjust […]
Section 23-2-147 – Bonds; Issuance; Forms; Procedures, Etc.
Section 23-2-147 Bonds; issuance; forms; procedures, etc. (a) The authority is hereby authorized to provide by resolution for the issuance of bonds of the authority for any of its corporate purposes, including the refunding of its bonds. The principal of and the interest on any issue of such bonds shall be payable solely from, and […]
Section 23-2-148 – Refunding Bonds; Purposes.
Section 23-2-148 Refunding bonds; purposes. The authority may provide by resolution for the issuance of refunding bonds for the purpose of refunding any bonds then outstanding which shall have been issued under the provisions of this article, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date […]