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Home » US Law » 2022 Code of Alabama » Title 45 - Local Laws. » Chapter 18 - Conecuh County. » Article 9 - Economic and Industrial Development and Tourism.

Section 45-18-90.02 – Issuance of Bonds and Notes.

Section 45-18-90.02 Issuance of bonds and notes. The board may issue interest-bearing revenue bonds and notes payable solely out of the revenues of the authority or out of the revenues of any particular facilities and other property of the authority, without regard to the specific facilities and other property with respect to which the bonds […]

Section 45-18-90.03 – Bonds and Notes of Authority.

Section 45-18-90.03 Bonds and notes of authority. Bonds and notes of the authority shall constitute negotiable instruments and may be secured by a pledge of the revenues from which they are payable, by contracts binding the authority for the proper application of its revenues and the proceeds of such bonds and notes and by a […]

Section 45-18-90.04 – Powers and Obligations of Board.

Section 45-18-90.04 Powers and obligations of board. The board may provide for constructive notice of any statutory mortgage lien, authorize and make provisions respecting the assumption by the authority of obligations respecting facilities and other property acquired by the authority; provide for the use of the proceeds of bonds and notes issued by the authority; […]

Section 45-18-90.05 – Contribution of Funds; Taxation.

Section 45-18-90.05 Contribution of funds; taxation. The Conecuh County Commission and the municipalities located within Conecuh County may contribute money to the authority, without the necessity of an election and with or without consideration therefor. Money held by the authority, its property, income, revenues, and the income from its bonds and notes, and funds received […]

Section 45-18-90.08 – No Authority to Levy Tax; Veto of Actions.

Section 45-18-90.08 No authority to levy tax; veto of actions. (a) This article shall not be interpreted to grant the authority any power to levy any tax. (b) Any provisions of this article to the contrary notwithstanding, any act taken by the Conecuh Count Reservoir Management Area Authority may be vetoed by a majority vote […]

Section 45-18-90.09 – Contracts With Other Authorities; Grants.

Section 45-18-90.09 Contracts with other authorities; grants. The board may enter into contracts with and accept grants from any other authority organized pursuant to the laws of this state or federal laws. Contracts with or grants from another authority, including, but not limited to, any authority authorized to issue general obligation bonds of this state, […]