8 chapters · 350 sections in this title.
Ala. Code § 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
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(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 the lines and grades of such highways so as to accommodate the same to the design of the grade separation. T…
Ala. Code § 23-2-147 Bonds; Issuance; Forms; Procedures, Etc
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(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 be se…
Ala. Code § 23-2-148 Refunding Bonds; Purposes
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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 …
Ala. Code § 23-2-149 Trust Agreements Securing Bond Issues; Authorized Provisions Protecting Holders; Pledge of Revenues
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In the discretion of the authority, any bonds issued under the provisions of this article may be secured by a trust agreement by and between the authority and a corporate trustee, which may be any trust company, or bank having the powers of a trust company, within or without the …