Code of Alabama

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41-10-28
Section 41-10-28 Execution of bonds and interest coupons; form, terms, denominations,
etc., of bonds; sale; refunding bonds; liability upon bonds; pledges of certain funds as security
for payment of principal and interest on bonds generally; bonds to be deemed negotiable instruments;
bonds and income therefrom exempt from taxation; use of bonds as security for deposits of
funds of state, etc.; investment of certain state funds and private trust funds in bonds;
public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of
bonds. The bonds of the authority shall be signed by its president and attested by its secretary,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to such bonds shall be signed by the president; provided, that a facsimile of the signature
of one, but not both, of said officers may be printed or otherwise reproduced on any such
bonds in lieu of being manually subscribed thereon, a facsimile of the...
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9-6-9
Section 9-6-9 Bonds - Issuance; form, terms, denominations, etc.; sale; security for
payment generally. All bonds issued by the authority shall be signed by the chairman of its
board or other chief executive officer and attested by its secretary, and the seal of the
authority shall be affixed thereto and any interest coupons applicable to the bonds of the
authority shall be signed by the chairman of its board or other chief executive officer; provided,
that a facsimile signature of one, but not both, of said officers may be printed or otherwise
reproduced on any such bonds in lieu of his manually signing the same, and a facsimile of
the signature of the chairman of the board or other chief executive officer may be printed
or otherwise reproduced on any such interest coupons in lieu of his manually signing the same.
Any such bonds may be executed and delivered by the authority at any time and from time to
time, shall be in such form and denominations and of such tenor and maturities,...
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11-88-8
Section 11-88-8 Bonds of authority - Form, terms, denominations, etc.; sale; execution
and delivery; refunding; liability thereon; security for payment of principal and interest
and payment thereof generally; provisions in mortgages, deeds of trust or trust indentures
executed as security for payment of bonds generally. All bonds issued by the authority shall
be signed by the chairman of its board or other chief executive officer and attested by its
secretary and the seal of the authority shall be affixed thereto, and any interest coupons
applicable to the bonds of the authority shall be signed by the chairman of its board or other
chief executive officer; provided, that a facsimile of the signature of one, but not both,
of said officers may be printed or otherwise reproduced on any such bonds in lieu of his manually
signing the same, a facsimile of the seal of the authority may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto and a...
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11-89-8
Section 11-89-8 Bonds of district - Form, terms, denominations, etc.; sale; execution
and delivery; refunding; liability thereon; security for payment of principal and interest
and payment thereof generally; provisions in mortgages, deeds of trust or trust indentures
executed as security for payment of bonds generally. All bonds issued by the district shall
be signed by the chairman of its board or other chief executive officer and attested by its
secretary and the seal of the district shall be affixed thereto, and any interest coupons
applicable to the bonds of the district shall be signed by the chairman of its board or other
chief executive officer; provided, that a facsimile of the signature of one, but not both,
of said officers may be printed or otherwise reproduced on any such bonds in lieu of his manually
signing the same, a facsimile of the seal of the district may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto and a facsimile of...
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23-2-147
Section 23-2-147 Bonds; issuance; forms; procedures, etc. (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 secured by a pledge of, tolls
and other revenues of all or any part of the toll road, bridge, or tunnel project financed
in whole or in part with the proceeds of such issue or with the proceeds of bonds refunded
or to be refunded by such issue. The proceeds of any such bonds may be used or pledged for
the payment or security of the principal or of the interest on bonds, and for the establishment
of any or all reserves for such payment or security, or for other corporate purposes as the
authority may authorize in the resolution authorizing the issuance of bonds or in the trust
agreement securing the same. (b) The bonds of each issue shall be dated; shall...
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9-10-36
Section 9-10-36 Issuance of bonds; issuance of notes and renewal notes; redemption of
notes or bonds; liability on notes or bonds; disposition of proceeds from sale of bonds; issuance
of interim receipts, etc. (a) Any such corporation is hereby authorized to provide by resolution
for the issuance of bonds of the corporation 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 may be secured by a pledge of, tolls, rentals, sales receipts
and other revenues of all or any part of the project or projects financed in whole or in part
with the proceeds of such bond issue or with the proceeds of bonds refunded or to be refunded
by such issue. The proceeds of any such bonds may be used or pledged for the payment or security
of the principal or of the interest on bonds and for the establishment of any or all reserves
for such payment or security or for other corporate purposes as...
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11-58-7
Section 11-58-7 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
etc.; dissolution of corporation. (a) All bonds issued by a corporation organized under authority
of this chapter shall be solely and exclusively obligations of the corporation and shall not
create an obligation or debt of any municipality or county. No county or municipality shall
pledge its faith or credit for the payment of any debt incurred or bonds issued by the corporation.
(b) Bonds may be executed and delivered at any time and from time to time, may be in the form
and denominations, may be of the tenor, may be in registered or bearer form, either as to
principal or interest or both, may be payable in installments and at a time or times, not
exceeding 40 years from their issuance date, may be payable at a place or places, may bear
interest at a rate or rates payable at a place or places and evidenced in a manner, and may
contain provisions not inconsistent with this chapter as may be provided by...
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41-29-504
Section 41-29-504 Details respecting the bonds. The bonds of the authority shall be
signed by its president and attested by its secretary, and the seal of the authority shall
be affixed thereto or a facsimile of such seal shall be printed or otherwise reproduced thereon;
provided, that: (a) a facsimile of the signature of one, but not both, of the officers may
be printed or otherwise reproduced on any such bonds in lieu of being manually subscribed
thereon, and (b) a facsimile of the signatures of both of the officers may be printed or otherwise
reproduced on such bonds in lieu of being manually affixed thereof if the authority, in its
proceedings with respect to issuance of the bonds, provides for manual authentication of such
bonds and the secretary designates a trustee or paying agent or named individuals who are
employees of the state and who are assigned to the finance department or the state treasurer's
office of the state to authenticate the bonds. Any bonds of the authority may...
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11-54A-10
Section 11-54A-10 Bonds of authority. (a) Source of payment. All bonds issued by the
authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of an interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance of the...
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23-1-177
Section 23-1-177 Bonds - Generally. (a) The bonds of the corporation shall be signed
by its president and attested by its secretary, and the seal of the corporation shall be affixed
thereto or printed or otherwise reproduced thereon; provided, that a facsimile of the signature
of one, but not both, of the officers may be printed or otherwise reproduced on any such bonds
in lieu of his or her signing the same. (b) Any bonds of the corporation may be executed and
delivered by it at any time and from time to time, shall be in such form and denominations
and of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced
in such manner, may contain provisions for redemption prior to maturity, and may contain such
other provisions not inconsistent with this article, all as may be provided by the resolution
of the board of directors under which such bonds are authorized to be issued; provided, that
no bond of the corporation shall have a specified maturity date...
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