Section 33-16-13 – Bonds – Disposition of Proceeds; Investments.
Section 33-16-13 Bonds – Disposition of proceeds; investments. The authority shall pay out of the proceeds from the sale of any of the bonds all expenses which the board of directors may deem necessary or advantageous in connection with the sale and issuance of the bonds. The proceeds from the sale of all bonds, other […]
Section 33-16-14 – Bonds – State Treasurer to Pay Principal and Interest of Bonds; Records.
Section 33-16-14 Bonds – State Treasurer to pay principal and interest of bonds; records. Out of any funds in the State Treasury that may be available for such purpose, the State Treasurer is authorized and directed to pay the principal of and interest on the bonds at the respective maturities of the said principal and […]
Section 33-16-15 – Dissolution of Authority.
Section 33-16-15 Dissolution of authority. At any time when no duties or obligations of the authority shall remain to be discharged, or when all duties and obligations remaining to be discharged have been effectively delegated to public corporations, agencies and departments of the state in accordance with Section 33-16-10, the authority may be dissolved upon […]
Section 33-16-1 – Definitions.
Section 33-16-1 Definitions. The following words and phrases used in this chapter, 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) AUTHORITY. The public corporation organized pursuant to the provisions of this chapter. (2) BOARD. The board of directors […]
Section 33-16-2 – Legislative Intent; Construction of Chapter.
Section 33-16-2 Legislative intent; construction of chapter. The Legislature hereby makes the findings of facts and declaration of intent hereinafter set forth in this section. The construction of a navigable waterway between Montgomery and Gadsden and to the Alabama-Georgia boundary, utilizing the channel of the Coosa River, would provide a new transportation route of great […]