reglab/housing_qa huggingface dataset:
AL Code § 4-3-52 (2021)
2021 Code of Alabama|Title 4 - Aviation.|Chapter 3 - Airport Authorities.|Article 2 - Alternate Procedure for Incorporation.|Section 4-3-52 - Bonds - Publication of Notice of Bond; Limitation Period for Actions or Proceedings to Challenge Proceedings for Issuance of Bonds, Etc.

Section 4-3-52Bonds - Publication of notice of bond; limitation period for actions or proceedings to challenge proceedings for issuance of bonds, etc. Upon the adoption by the board of any resolution providing for the issuance of bonds, the authority may, in its discretion, cause to be published once a week for two consecutive weeks in a newspaper that is customarily published in this state not less than five days in each calendar week and distributed in the county in which is located the principal office of the authority, a notice in substantially the following form (the blanks being properly filled in) at the end of which there shall be printed the name and title of either the chairman or secretary of the authority: "_______, a public corporation of the State of Alabama, on the ___ day of ______, authorized the issuance of $____ principal amount of revenue bonds of the said corporation for purposes authorized in the act of the Legislature of Alabama under which the said corporation was organized. Any action or proceeding questioning the validity of the said bonds, or the pledge and any instruments securing such bonds, or the proceedings authorizing the same, must be commenced within 30 days after the first publication of this notice." Any action or proceeding in any court to set aside or question the proceedings for the issuance of the bonds referred to in said notice or to contest the validity of any such bonds or the validity of the pledge and any instruments made to secure such bonds must be commenced within 30 days after the first publication of such notice. After the expiration of the said period, no right of action or defense questioning or attacking the validity of the said proceedings, the said bonds or the said pledge or instruments shall be asserted, nor shall the validity of the said proceedings, bonds, pledge or instruments be open to question in any court on any ground whatsoever except in an action commenced within such period. (Acts 1977, No. 331, p. 433, §20.)
AL Code § 4-3-53 (2021)
2021 Code of Alabama|Title 4 - Aviation.|Chapter 3 - Airport Authorities.|Article 2 - Alternate Procedure for Incorporation.|Section 4-3-53 - Bonds - Execution and Delivery.

Section 4-3-53Bonds - Execution and delivery. All bonds shall be signed by the chairman or vice-chairman and the secretary or treasurer of the authority and the seal of the authority shall be affixed thereto; provided, that a facsimile of the signature of one, but not both, of the officers whose signatures will appear on the bonds may be imprinted or otherwise reproduced thereon in lieu of his manually signing the same; provided further, that a facsimile of the seal of the authority may be imprinted or otherwise reproduced on the bonds in lieu of being manually affixed thereto. Coupons shall be signed by the chairman or vice-chairman and the secretary or treasurer of the authority, but a facsimile of the signature of such chairman or vice-chairman and such secretary or treasurer may be impressed or otherwise reproduced on any such interest coupons in lieu of their manually signing the same. Delivery of bonds so executed shall be valid notwithstanding any changes in officers or in the seal of the authority after the signing and sealing of the bonds. (Acts 1977, No. 331, p. 433, §13.)
AL Code § 4-3-55 (2021)
2021 Code of Alabama|Title 4 - Aviation.|Chapter 3 - Airport Authorities.|Article 2 - Alternate Procedure for Incorporation.|Section 4-3-55 - Bonds - Disposition of Proceeds From Sale.

Section 4-3-55Bonds - Disposition of proceeds from sale. The proceeds derived from the sale of any bonds, other than refunding bonds, may be used only to pay the cost of acquiring, constructing, improving, enlarging and equipping the airport, facilities or property with respect to which they were issued, as may be specified in the proceedings in which the bonds are authorized to be issued. Such cost shall be deemed to include the following: the cost of any land forming a part of such airport, facilities or property; the cost of labor, material and supplies used in any such construction, improvement or enlargement, including architects' and engineers' fees, and the cost of preparing contract documents and advertising for bids; the purchase price of and the cost of installing equipment for the airport, facilities or property; the cost of landscaping the lands forming a part of such airport, facilities or property and of constructing and installing roads, sidewalks, curbs, gutters, utilities and parking places in connection with the airport, facilities or property; legal, fiscal and recording fees and expenses incurred in connection with the authorization, sale and issuance of the bonds issued in connection with such airport, facilities or property; and interest on said bonds for a reasonable period prior to and during the time required for such construction and equipment and for not exceeding 18 months after completion of such construction and equipment. If any of the proceeds derived from the sale of said bonds remains undisbursed after completion of such work and payment of all of the said costs and expenses, such balance shall be used for retirement of the principal of the bonds of the same issue. (Acts 1977, No. 331, p. 433, §15.)
AL Code § 4-3-56 (2021)
2021 Code of Alabama|Title 4 - Aviation.|Chapter 3 - Airport Authorities.|Article 2 - Alternate Procedure for Incorporation.|Section 4-3-56 - Refunding Bonds.

Section 4-3-56Refunding bonds. The authority may at any time and from time to time issue refunding bonds for the purpose of refunding or providing funds to pay the principal of and the interest on any bonds of the authority theretofore issued under this article and then outstanding, whether or not such principal or interest shall have matured at the time of such refunding, and for the payment of any expenses incurred in connection with such refunding and any premium necessary to be paid in order to redeem, retire or purchase for retirement the bonds to be refunded. The proceeds derived from the sale of any refunding bonds shall be used only for the purposes for which the refunding bonds were authorized to be issued. Any such refunding may be effected either by sale of the refunding bonds and the application of the proceeds thereof or by exchange of the refunding bonds for the bonds or interest coupons to be refunded thereby; provided, that the holders of any bonds or coupons so to be refunded shall not be compelled without their consent to surrender their bonds or coupons for payment or exchange prior to the date on which they may be paid or redeemed by call of the authority under their respective provisions. All provisions of this article pertaining to bonds of the authority that are not inconsistent with the provisions of this section shall, to the extent applicable, also apply to refunding bonds issued by the authority. The authority may at any time and from time to time issue bonds for the purpose of so refunding the principal of and the interest on any of its bonds and for any other purpose for which it is authorized to issue bonds, in which event the provisions of this article respecting refunding bonds shall apply to that portion of such combined issue authorized for refunding purposes and the provisions of this article respecting other financing shall apply to the remaining portion of such combined issue. (Acts 1977, No. 331, p. 433, §16.)
AL Code § 4-3-57 (2021)
2021 Code of Alabama|Title 4 - Aviation.|Chapter 3 - Airport Authorities.|Article 2 - Alternate Procedure for Incorporation.|Section 4-3-57 - Investment of County or Municipal Funds in Bonds.

Section 4-3-57Investment of county or municipal funds in bonds. The governing body of any county or municipality within this state is authorized, in its discretion, to invest in bonds of the authority any idle or surplus money held in its treasury. (Acts 1977, No. 331, p. 433, §18.)
AL Code § 4-3-58 (2021)
2021 Code of Alabama|Title 4 - Aviation.|Chapter 3 - Airport Authorities.|Article 2 - Alternate Procedure for Incorporation.|Section 4-3-58 - Eligibility of Bonds as Investment for Trusts, Savings Banks, Insurance Companies, Etc.

Section 4-3-58Eligibility of bonds as investment for trusts, savings banks, insurance companies, etc. Bonds issued under the provisions of this article are hereby made legal investments for executors, administrators, trustees and other fiduciaries, unless otherwise directed by the court having jurisdiction of the fiduciary relation or by the document that is the source of the fiduciary's authority. Such bonds shall be legal investments for savings banks and insurance companies organized under the laws of the state. (Acts 1977, No. 331, p. 433, §19.)
AL Code § 4-3-59 (2021)
2021 Code of Alabama|Title 4 - Aviation.|Chapter 3 - Airport Authorities.|Article 2 - Alternate Procedure for Incorporation.|Section 4-3-59 - Exemption of Bonds, Property and Income of Authority From Taxation; Concessionaires, Tenants, etc., of Authority Subject to State and Local Taxation; Exemption From Payment of Deed Recording Fees and Roll-Back Taxes.

Section 4-3-59Exemption of bonds, property and income of authority from taxation; concessionaires, tenants, etc., of authority subject to state and local taxation; exemption from payment of deed recording fees and roll-back taxes. The bonds issued by the authority and the income therefrom shall be exempt from all taxation in the state. All property and income of the authority shall be exempt from all state, county, municipal and other local taxation; provided however, that this exemption shall not be construed to exempt concessionaires, licensees, tenants, operators or lessees of the authority from the payment of any licenses or privilege taxes levied by the state, the county or any municipality in the state. Any deeds or other documents whereby properties are conveyed to the authority, any indentures executed by the authority and any leases made by the authority may be filed for record in the office of the judge of probate of the county without the payment of any tax or fees other than such fees as are prescribed by law for the recording of such instruments. In addition, the authority shall not be required to pay any tax resulting from the conversion of property qualified for assessment based on its current use value, with respect to either property conveyed to the authority or property sold or otherwise disposed of by the authority; provided, however, that this exemption shall not be construed to exempt from liability for such additional ad valorem taxes any person otherwise liable, under applicable provisions of law, for the payment of such taxes. (Acts 1977, No. 331, p. 433, §17; Acts 1991, No. 91-268, p. 499, §4.)
AL Code § 4-3-60 (2021)
2021 Code of Alabama|Title 4 - Aviation.|Chapter 3 - Airport Authorities.|Article 2 - Alternate Procedure for Incorporation.|Section 4-3-60 - Exemption From State Contracting, Purchasing and Zoning Restrictions; Zoning Powers.

Section 4-3-60Exemption from state contracting, purchasing and zoning restrictions; zoning powers. Authorities organized pursuant to this article shall be exempt from the laws relating to the advertising and award of construction contracts and purchase contracts made by or in behalf of the state and its departments and public bodies and shall be exempt from all zoning laws, ordinances and regulations, but nothing in this section shall exempt such authorities from laws relating to surety bond requirements for such contracts. Any authority organized pursuant to the provisions of this article shall have the same zoning powers with respect to the zoning of airports in unincorporated areas owned or operated by such authority and the zoning of unincorporated areas lying within two miles of the boundaries of such airports as are conferred by Sections 4-6-1 through 4-6-15 on municipalities owning or operating airports. (Acts 1977, No. 331, p. 433, §21.)
AL Code § 4-3-61 (2021)
2021 Code of Alabama|Title 4 - Aviation.|Chapter 3 - Airport Authorities.|Article 2 - Alternate Procedure for Incorporation.|Section 4-3-61 - Procedure for Dissolution.

Section 4-3-61Procedure for dissolution. At any time when no bonds of the authority are outstanding, the authority may be dissolved upon the filing with the judge of probate in the county in which is filed the certificate of incorporation of an application for dissolution, which shall be subscribed by each of the members of the authority and sworn to by each member before an officer authorized to take acknowledgments to deeds and shall have appended thereto a certified copy of a resolution of the authorizing subdivision or authorizing subdivisions consenting to such dissolution. Upon the filing of such application for dissolution, the authority shall cease to exist. Said probate judge shall receive and record the application for dissolution in an appropriate book of record in his office. Upon dissolution, all rights, title and interests of the authority in property shall be vested in the authorizing subdivisions pursuant to the provisions of the certificate of incorporation or, in the absence of such provisions, shall be vested in the authorizing subdivisions, share and share alike. (Acts 1977, No. 331, p. 433, §22.)
AL Code § 4-3-62 (2021)
2021 Code of Alabama|Title 4 - Aviation.|Chapter 3 - Airport Authorities.|Article 2 - Alternate Procedure for Incorporation.|Section 4-3-62 - Provisions of Article Cumulative.

Section 4-3-62Provisions of article cumulative. This article shall provide an alternate and additional procedure for incorporating airport authorities and governing such authorities when incorporated. The provisions of this article are cumulative and shall not be deemed to repeal existing laws, except to the extent such laws are clearly inconsistent with provisions of this article. (Acts 1977, No. 331, p. 433, §23.)
AL Code § 4-3-80 (2021)
2021 Code of Alabama|Title 4 - Aviation.|Chapter 3 - Airport Authorities.|Article 3 - Borrowing by Municipalities.|Section 4-3-80 - Authority and Procedure.

Section 4-3-80Authority and procedure. Any incorporated city or town in this state may borrow money to the extent of its constitutional debt limit for the purpose of providing funds to enable or assist any airport authority incorporated as a public corporation with the consent and approval of such city or town to acquire, own and operate any airport, including related facilities, situated within or without the corporate limits of such city or town or partly within or without such limits and to pay all costs, fees and commissions agreed upon in connection with any such loans, and the governing body thereof may, without an election, issue evidences of its indebtedness in the form of interest-bearing warrants, notes or bills payable, maturing at such time or times as such governing body may determine, not exceeding 20 years from the date of issue, and any such city or town may, as security for any such evidences of indebtedness and as a part of the contract whereunder any money is borrowed, agree to annually levy, collect and apply to the payment thereof, so long as the same or any part thereof remains unpaid, any special tax or license authorized on the date of such contract to be levied and collected. (Acts 1977, No. 330, p. 432, §1.)
AL Code § 5-2A-1 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-1 - Creation of Department; Duties Generally.

Section 5-2A-1Creation of department; duties generally. There shall be a State Banking Department which shall administer the laws of this state which regulate or otherwise relate to corporations doing or carrying on a banking business in the state, all laws relating to savings and loan associations doing business in this state and all laws relating to persons, firms or corporations engaging in the loan business in this state. The authority of the State Banking Department to perform such functions shall be exclusive. (Acts 1980, No. 80-658, p. 1259, §5-2-1; Acts 1985, No. 85-457, p. 425, §1.)
AL Code § 5-2A-2 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-2 - Offices, Venue.

Section 5-2A-2Offices, venue. The State Banking Department shall locate and maintain its principal office in the City of Montgomery, Alabama, from which place it shall perform its duties and transact its business. Unless otherwise provided in Chapters 1A through 13B and Chapter 20 of this title, all actions in which the superintendent, the Banking Department or its employees, the Banking Board or its members are named or joined shall be brought in the Circuit Court of Montgomery County. (Acts 1980, No. 80-658, §5-2-2; Acts 1995, No. 95-115, p. 134, §68.)
AL Code § 5-2A-3 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-3 - Superintendent - Qualifications, Appointment and Term of Office; Filling of Vacancies.

Section 5-2A-3Superintendent - Qualifications, appointment and term of office; filling of vacancies. The State Banking Department shall be in the charge of the superintendent, who shall be the chief executive officer of the department. The superintendent shall be a person of good character and shall be neither directly nor indirectly interested in, nor borrow money from, a bank chartered under the laws of this state. Debts of the superintendent existing at the time of his or her appointment with banks chartered under the laws of this state may not be extended or renewed. The superintendent shall be appointed by the Governor by and with the consent of the Senate and his or her salary shall be set by the Governor within a salary range established by the Banking Board. The salary of any Assistant Superintendent of Banks shall be set by the Governor within a salary range established by the Banking Board for the position of Assistant Superintendent of Banks. Sections 36-6-5 and 36-6-6 shall not apply to the Superintendent of Banks. The term of office of the superintendent shall expire on the first day of February after the expiration of the term of office of the Governor making the appointment. If for any reason there is a vacancy in the office while the Senate is not in session, the Governor shall appoint a superintendent who shall hold office and exercise the powers conferred by law upon the office until the Senate meets and passes on the appointment. If the appointment is disapproved by the Senate, the appointee shall vacate the office immediately and another appointment shall be made by the Governor in like manner until an appointment is confirmed by the Senate. To be eligible for appointment as superintendent, a person shall have had at least five years' experience in the 10 years next preceding the appointment either as an officer of an Alabama bank or an examiner or other officer in a federal or state bank supervisory agency, including the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, and the banking departments of the various states or other equivalent experience for at least five years in the 10 years next preceding the appointment. (Acts 1980, No. 80-658, p. 1259, §5-2-5; Acts 1993, No. 93-725, p. 1461, §1; Acts 1994, 1st Ex. Sess., No. 94-767, p. 51, §1.)
AL Code § 5-2A-4 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-4 - Superintendent - Oath and Bond.

Section 5-2A-4Superintendent - Oath and bond. The superintendent, before entering upon the discharge of his duties, shall take and subscribe to the oath prescribed by the constitution and laws of this state, and shall give bond in the penal sum of $25,000.00. The oath and the bond shall be filed with the Secretary of State. (Acts 1980, No. 80-658, §5-2-6.)
AL Code § 5-2A-5 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-5 - Superintendent - Seal of Office; Recordation of Executed Papers.

Section 5-2A-5Superintendent - Seal of office; recordation of executed papers. The Secretary of State shall provide the superintendent with an official seal. Every paper executed by him as such superintendent, in pursuance of any authority conferred on him by law and sealed with his official seal, shall be received in evidence and may be recorded in the proper recording office in the state in the same manner and with the same effect as a deed regularly acknowledged or proven. (Acts 1980, No. 80-658, §5-2-7.)
AL Code § 5-2A-6 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-6 - Superintendent - Removal; Removal of Member of Banking Board.

Section 5-2A-6Superintendent - Removal; removal of member of Banking Board. (a) The superintendent or any member of the Banking Board may be removed from office by a vote of two thirds of the members of the entire banking board for: (1) Neglect of duty; (2) Malfeasance; (3) Misfeasance; (4) Extortion or corruption in office; (5) Incompetency; (6) Intemperance in the use of intoxicating liquors or narcotics to such an extent, in view of the dignity of the office and the importance of its duties, as to render such person unfit for the discharge of his duties; or (7) Any offense involving moral turpitude while in office, committed under color thereof or connected therewith. (b) The superintendent may also be removed from office, without cause, upon written order of four appointed members of the Banking Board and the Governor. (Acts 1980, No. 80-658, §5-2-8.)
AL Code § 5-2A-8 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-8 - Superintendent - Promulgation and Interpretation of Regulations.

Section 5-2A-8Superintendent - Promulgation and interpretation of regulations. The superintendent may, with the concurrence of a majority of the members of the State Banking Board or as otherwise provided in this title, promulgate such reasonable regulations, consistent with the laws of this state, as may be necessary to carry out the provisions of this title over which the State Banking Department has jurisdiction. The superintendent shall, in addition, issue written interpretations of banking laws and regulations. Any bank or bank holding company and any officer or director thereof relying on any regulation or interpretation shall be fully protected even though the same shall be thereafter ruled invalid for any reason by a court of competent jurisdiction. (Acts 1980, No. 80-658, p. 1259, §5-2-10; Acts 1985, No. 85-457, p. 425, §3; Acts 1995, No. 95-115, p. 134, §69; Act 2013-352, p. 1261, §1.)
AL Code § 5-2A-10 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-10 - Superintendent - Make Good Any Impairment of Capital.

Section 5-2A-10Superintendent - Make good any impairment of capital. Whenever the superintendent shall have reason to believe that the capital of any bank is impaired, he may in his discretion require such bank to make good the deficit by the date specified by him, which requirement shall be in writing. The superintendent may cause the affairs of any such bank to be examined to ascertain the amount of such impairment and whether the deficiency has been made good as required by law. (Acts 1980, No. 80-658, §5-2-12.)