Ala. Code § 45-37A-56.22

Current through the 2024 Regular Session.

Section 45-37A-56.22 - Definitions

Unless the context plainly indicates otherwise, the following words and terms shall have the meanings hereby ascribed to them:

(1) AUTHORITY. A public corporation organized under this subpart.

(2) BOARD. The board of directors of the authority

(3) BOND. Any bond authorized to be issued under this subpart.

(4) CITY. A city subject to this subpart.

(5) COUPON. Any interest coupon evidencing an installment of interest payable with respect to a bond.

(6) DIRECTOR. A member of the board.

(7) GOVERNING BODY. The body in which the general legislative powers of the city are vested.

(8) INDENTURE. A mortgage, and indenture of mortgage, deed of trust, trust agreement, or trust indenture executed by the authority as securityfor its bonds.

(9) PARKING FACILITY. Any building, structure, land, right-of-way, equipment, or instrumentality used or useful in connection with the construction, enlargement, development, maintenance, or operation of an area or building for off-street parking of motor vehicles, or in connection with the exercise of any power of the authority.

(10) STATE. The State of Alabama.

Ala. Code § 45-37A-56.22 (1975)

Acts 1971, No. 2079, p. 3335, §3.