Alabama § 23-2-150 Authority to Collect Tolls, Revenues, Etc.; to Lease to Utilities; Toll Rates Adjusted to Conform to Trust Agreement

Alabama Statutes

§ 23-2-150 — Authority to Collect Tolls, Revenues, Etc.; to Lease to Utilities; Toll Rates Adjusted to Conform to Trust Agreement

Alabama·Title 23 Highways, Roads, Bridges and Ferries·Ch. 2 Toll Roads, Bridges and Ferries·Art. 5 Alabama Toll Road, Bridge and Tunnel Authority

The authority is hereby authorized to fix, revise, charge, and collect tolls for the use of each toll road, bridge or tunnel project and the different parts or sections thereof, and to contract with, or to lease to or from, any person, partnership, association or corporation desiring the use of any part thereof, including the right-of-way adjoining the paved portion of approaches and access highways, streets or roads for placing thereon telephone, telegraph, electric light or power lines or pipe lines for gas and water or for petroleum products or for any other purpose except for tracks for railroad or railway use and to fix the terms, conditions, rents, and rates of charges for such use. Tolls shall be so fixed and adjusted as to carry out and perform the terms and provisions of any contr

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The authority is hereby authorized to fix, revise, charge, and collect tolls for the use of each toll road, bridge or tunnel project and the different parts or sections thereof, and to contract with, or to lease to or from, any person, partnership, association or corporation desiring the use of any part thereof, including the right-of-way adjoining the paved portion of approaches and access highways, streets or roads for placing thereon telephone, telegraph, electric light or power lines or pipe lines for gas and water or for petroleum products or for any other purpose except for tracks for railroad or railway use and to fix the terms, conditions, rents, and rates of charges for such use. Tolls shall be so fixed and adjusted as to carry out and perform the terms and provisions of any contract with or for the benefit of bondholders. Tolls shall not be subject to supervision or regulation by any other commission, board, bureau or agency of the state. The use and disposition of tolls and revenues shall be subject to the provisions of the resolution authorizing the issuance of such bonds or of the trust agreement securing the bond issue.

Alabama § 23-2-150 (Authority to Collect Tolls, Revenues, Etc.; to Lease to Utilities; Toll Rates Adjusted to Conform to Trust Agreement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.