Section 33-2-68 – Requirements for Sale of Bonds.
Section 33-2-68 Requirements for sale of bonds. The bonds must be sold only at public sale, either on sealed bids or at public auction, to the bidder whose bid reflects the lowest net interest cost to the state for the bonds being sold, computed to their respective maturities; provided, that if no bid acceptable to […]
Section 33-2-69 – Disposition of Proceeds From Sale of Bonds.
Section 33-2-69 Disposition of proceeds from sale of bonds. The proceeds from the sale of any of the bonds (other than refunding bonds) shall be paid into the State Treasury and kept by the State Treasurer in a separate account and paid over to the secretary-treasurer of the department from time to time in such […]
Section 33-2-70 – Appropriation for Payment of Principal and Interest on Bonds.
Section 33-2-70 Appropriation for payment of principal and interest on bonds. There is hereby appropriated for the payment of the principal of and interest on any bonds issued hereunder, under the 1957 Docks Act or under the 1959 Docks Act so much as may be necessary for that purpose of any moneys in the general […]
Section 33-2-71 – Application of Revenues From Inland Waterways Facilities.
Section 33-2-71 Application of revenues from inland waterways facilities. The gross revenues derived from the operation of each unit of development comprising a part of the inland waterways facilities shall be applied for the following purposes in the following order: (1) Payment of the expenses of operating and maintaining in good operating condition the unit […]
Section 33-2-72 – Refunding Bonds.
Section 33-2-72 Refunding bonds. The state may at any time and from time to time issue refunding bonds for the purpose of refunding the principal of and the interest on any matured or unmatured bonds of the state then outstanding which were theretofore issued under any one or more of this article, or the 1957 […]
Section 33-2-73 – Separate Records as to Each Unit of Development.
Section 33-2-73 Separate records as to each unit of development. The department shall establish and maintain a separate record with respect to each unit of development that may have been or may be acquired, constructed or operated in whole or in part under the provisions of this article, or the 1957 Docks Act, or the […]
Section 33-2-74 – Use of Surplus Revenues of Port of Mobile Facilities to Pay Operating Deficit.
Section 33-2-74 Use of surplus revenues of Port of Mobile facilities to pay operating deficit. If it shall be determined by the department at the end of any fiscal year that there are surplus revenues of the Port of Mobile facilities with respect to that fiscal year and an operating deficit of the inland waterways […]
Section 33-2-75 – Rates and Charges for Use of Facilities.
Section 33-2-75 Rates and charges for use of facilities. The department shall have the right and power to fix from time to time and to collect reasonable rates and charges for services rendered by, and for the use of, dock facilities acquired, constructed or operated pursuant to the provisions of this article. (Acts 1961, No. […]