(a) The district shall constitute a public corporation, which shall have the power to do any and all acts or things necessary and convenient for carrying out the purposes for which it is created including, but not limited to:
Terms Used In Alabama Code 45-37-140.10
Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
property: includes both real and personal property. See Alabama Code 1-1-1
state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
(1) To sue and be sued.(2) To have a seal and alter the same at pleasure.(3) To acquire, hold, and dispose of property, real and personal, tangible and intangible, or interests therein and to pay therefor in cash or on credit, and to secure and procure payment of all or any part of the purchase price thereof on such terms and conditions as the board shall determine.(4) To acquire, own, operate, maintain, and improve a system or systems.(5) To pledge all or any part of its revenues, or mortgage, or otherwise encumber, all or any part of its property for the purpose of securing the payment of the principal of and interest on any of its obligations.(6) To sell, lease, mortgage, or otherwise encumber or dispose of all or any part of its property, as hereinafter provided.(7) To contract debts, borrow money, and to issue or assume the payment of obligations.(8) To levy and collect service charges, as herein provided in this article, subject to the limitations prescribed in this article. To employ agents, servants, and attorneys. To perform any and all of the foregoing acts and to do any and all of the foregoing things under, through, or by means of its own officers, agents, and employees, or by contracts with any person, federal agency, or municipality.(b) The district shall be authorized to enter into a contract with any person, firm, or corporation providing for such person, firm, or corporation to collect service charges for the district. The contract shall fix the compensation to be paid to the person, firm, or corporation for collecting the service charges.(c) The district shall be exempt from any sales tax or use tax and any privilege license or excise tax on gasoline or motor fuel levied by any law of the State of Alabama or by any ordinance of any municipal corporation or county.
