Section 33-2-161 – Refunding Bonds and Investments.
Section 33-2-161 Refunding bonds and investments. 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 unmatured bonds of the state then outstanding which were theretofore issued under any one or more of this article, or the 1957 […]
Section 33-2-162 – Separate Records as to Each Unit of Development.
Section 33-2-162 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 under the 1957 Docks Act, the […]
Section 33-2-163 – Use of Surplus Revenues of Port of Mobile Facilities to Pay Operating Deficit.
Section 33-2-163 Use of surplus revenues of Port of Mobile facilities to pay operating deficit. If at the end of any fiscal year there are surplus revenues of the Port of Mobile facilities with respect to that fiscal year and an operating deficit of the inland facilities with respect to that fiscal year, then any […]
Section 33-2-164 – Rates and Charges for Use of Facilities.
Section 33-2-164 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, facilities acquired, constructed or operated pursuant to the provisions of this article. (Acts 1969, No. 472, […]
Section 33-2-165 – Revocation of Licenses to Occupy State Property.
Section 33-2-165 Revocation of licenses to occupy state property. Any license heretofore granted by the state, either expressly or by implication, permitting the upland owner to occupy any part of the space between the high-water mark and the low-water mark of any navigable waterway of this state, or along the banks of any river, stream […]
Section 33-2-166 – Bonds and Interest Exempt From Taxation.
Section 33-2-166 Bonds and interest exempt from taxation. Any bonds issued pursuant to the authority of this article and the interest thereon shall be exempt from all taxation by the State of Alabama or any political subdivision thereof. (Acts 1969, No. 472, p. 917, §17.)
Section 33-2-153 – Authority, etc., of Department Under Article Cumulative.
Section 33-2-153 Authority, etc., of department under article cumulative. All administration, supervision, authority and responsibility under this article and operations conducted hereunder, vested in the department, shall be in addition to all powers, duties and authority conferred on the department by any other statute, it being the intent of this article that the authority, powers, […]
Section 33-2-154 – How Property and Rights-of-Way May Be Acquired; Eminent Domain Proceedings.
Section 33-2-154 How property and rights-of-way may be acquired; eminent domain proceedings. In acquiring rights-of-way and property necessary for the construction of facilities and convenient approaches thereto in furtherance of the purposes of this article, the department shall have the power to acquire same by gift, lease, purchase, negotiation or condemnation. The department shall have […]
Section 33-2-155 – Department May Contract Current Indebtedness.
Section 33-2-155 Department may contract current indebtedness. In any operations conducted under this article, the department may contract such current indebtedness as is necessarily incident to the progress of the work in accordance with the terms of this article. (Acts 1969, No. 472, p. 917, §6.)
Section 33-2-156 – General Provisions Relative to Inland Facilities Bonds.
Section 33-2-156 General provisions relative to inland facilities bonds. In order to provide funds for the purposes of this article, there are hereby authorized to be sold and issued bonds of the state not exceeding $10,000,000.00 in aggregate principal amount, under and subject to the provisions hereinafter set forth. The bonds shall be designated as […]