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33-2-188
Section 33-2-188 Docks facilities revenue bonds and refunding bonds - Disposition of proceeds
of refunding bonds. The proceeds of refunding bonds shall be applied, together with any other
moneys legally available therefor to the payment of the expenses authorized by this article
and to the payment of the principal of, premium, if any, and interest due and to become due
on any outstanding bonds to be refunded thereby and, if so required by order of the director,
shall be deposited by the department, with one or more trustees or escrow agents, which trustees
or escrow agents shall be trust companies or national or state banks, located either within
or without the state, having powers of a trust company, in an interest account to pay interest
on refunding bonds, and in a reserve account to further secure the payment of the principal
of, premium, if any, and interest on any refunding bonds. Proceeds of refunding bonds may
also be applied to repay the department's lease obligations with...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-188.htm - 6K - Match Info - Similar pages
40-7-98
Section 40-7-98 Payment of pro rata shares of principal of and interest on warrants. The principal
of and interest on the warrants issued under the provisions of this division are hereby declared
to be lawful costs of the equalization program referred to in Division 1 of this article and
to be lawful and necessary governmental costs of the assessment and collection of ad valorem
taxes levied in the county issuing said warrants required by law to be paid as part of the
current governmental operating expenses of each tax recipient body receiving proceeds from
ad valorem taxation in said county. The principal and interest shall be paid pro rata by each
such tax recipient of such county and by the State of Alabama in the proportions which the
amount of ad valorem tax received by each tax recipient body, including the State of Alabama,
bears to the total amount of ad valorem tax received by all. For that purpose, the tax collector
of each county issuing warrants under this division is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-7-98.htm - 2K - Match Info - Similar pages
41-4-302
Section 41-4-302 Administration of insurance programs; coverage under state blanket bond. (a)
The Division of Risk Management shall have the authority to institute, manage, and administer
programs of insurance, not specifically enumerated herein and which do not conflict with existing
laws, upon a determination by the Director of Finance and the Governor that such insurance
program or programs serve the best interests of the state. (b) Notwithstanding the provisions
of Article 1, commencing with Section 11-2-1, Chapter 2, Title 11, the state blanket bond
which covers state officers and employees required to be bonded shall be made available, if
approved by the county commission, to also cover sheriffs, judges of probate, county commissioners,
chairs of county commissions, tax assessors, tax collectors, license commissioners, revenue
commissioners, and other county employees and county elected officials who are required to
be bonded if the Governor and the Director of Finance determine...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-4-302.htm - 1K - Match Info - Similar pages
10A-4-2.04
Section 10A-4-2.04 Rendition of professional services. A professional corporation, domestic
or foreign, may render professional services in Alabama only through individuals permitted
to render the services in Alabama; but nothing in this chapter shall be construed to require
that any individual who is employed by a professional corporation be licensed to perform services
for which no license is otherwise required or to prohibit the rendering of professional services
by a licensed individual acting in his or her individual capacity, notwithstanding the individual
may be a shareholder, member, director, officer, employee, or agent of a professional corporation,
domestic or foreign. (Acts 1983, No. 83-514, p. 763, §7; §10-4-386; amended and renumbered
by Act 2009-513, p. 967, §203.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-4-2.04.htm - 1K - Match Info - Similar pages
2-6-117
Section 2-6-117 Disposition of refunding bond proceeds. (a) The proceeds of refunding bonds
shall be applied, together with any other moneys legally available, to the payment of the
expenses authorized by this article and to the payment of the principal of, premium, if any,
and interest due and to become due on any outstanding bonds to be refunded. The expenses authorized
by this article shall include, in addition to other expenses authorized by this article, all
expenses that the board of directors may deem necessary or advantageous in connection with
the sale and issuance of refunding bonds, including, without limitation, the expenses of selling
and issuing such refunding bonds, including any discount reflected in the purchase price paid
to the corporation, fees and disbursements of attorneys, accountants, fiscal agents, financial
advisors, and other consultants, fees and disbursements of trustees, escrow agents, registrars,
paying agents, transfer agents, depositories for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-117.htm - 3K - Match Info - Similar pages
22-21-311
Section 22-21-311 Definitions. (a) The following words and phrases used in this article, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of a county, municipality,
or educational institution, or two or more thereof, in accordance with the provisions of Section
22-21-313. (2) AUTHORITY. A public corporation organized, and any public hospital corporation
reincorporated, pursuant to the provisions hereof. (3) AUTHORIZING RESOLUTION. The resolution
adopted by the governing body of an authorizing subdivision, in accordance with the provisions
of Section 22-21-313 or Section 22-21-341, that authorizes the incorporation of an authority
or the reincorporation of a public hospital corporation. (4) AUTHORIZING SUBDIVISION. Each
county, municipality, and educational institution with...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-311.htm - 7K - Match Info - Similar pages
9-15-76
Section 9-15-76 Binders. Each person or corporation submitting a bid on real property or an
interest therein to be sold or leased by the State of Alabama under this article shall present
with his or her bid, payable to the Lands Division of the state Department of Conservation
and Natural Resources, a certified check or bank cashier's check in the amount to be determined
by the Lands Division not to exceed 20 percent of his or her bid, as a binder on the real
property upon which he or she has bid. If the property is being sold at public auction, the
Lands Division shall determine the amount of the binder required. The binder shall be forfeited
by the person or corporation to whom the bid is awarded if the person or corporation does
not complete purchase by presenting to the state a cashier's check or certified check for
the amount due less the amount of the binder previously submitted on the real property within
30 days after receiving notice in writing that he or she is the successful...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-15-76.htm - 1K - Match Info - Similar pages
10A-1-6.24
Section 10A-1-6.24 Advancement of expenses. (a) An enterprise may pay or reimburse reasonable
expenses incurred by a governing person, former governing person, or delegate that was, is,
or is threatened to be made a respondent in a proceeding in advance of the final disposition
of the proceeding without making the determinations required under Section 10A-1-6.21(a) after
the enterprise receives: (1) written affirmation by the person of the person's good faith
belief that the person has met the standard of conduct necessary for indemnification under
this article; and (2) written undertaking by or on behalf of the person to repay the amount
paid or reimbursed if the final determination is that the person has not met that standard
or that indemnification is prohibited by Section 10A-1-6.22. (b) A provision in the governing
documents of the enterprise, a resolution of the owners, members, or governing authority,
or an agreement that requires the payment or reimbursement permitted under...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-6.24.htm - 1K - Match Info - Similar pages
10A-1-8.01
Section 10A-1-8.01 Conversion of business and nonprofit entities. (a) A conversion of an entity
may be accomplished as provided in this section: (1) CORPORATIONS. a. The terms and conditions
of a plan of conversion of a corporation, other than a nonprofit corporation, must be approved
in accordance with the procedures and by the stockholder vote required by Article 9 of Chapter
2A. If the governing documents provide for approval of a conversion by less than all of a
corporation's stockholders, approval of the conversion shall constitute corporate action subject
to appraisal rights pursuant to Article 13 of Chapter 2A. No conversion of a corporation to
a general or limited partnership may be effected without the consent in writing of each stockholder
who will have personal liability with respect to the converted entity, notwithstanding any
provision in the governing documents of the converting corporation providing for less than
unanimous stockholder approval for the conversion. b. The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-8.01.htm - 18K - Match Info - Similar pages
22-21-350
Section 22-21-350 Definitions. The following words and phrases used in this division shall,
unless the context clearly indicates otherwise, have the following respective meanings: (1)
AUTHORITY. A public corporation organized, and any public hospital corporation reincorporated,
pursuant to the provisions of the enabling statute. (2) AUTHORIZING RESOLUTION. A resolution
adopted by the board authorizing an arrangement by which an authority is to furnish office
space to a nonhospital-based physician, dentist or other health care professional for use
in his private practice. (3) AUTHORIZING SUBDIVISION. A county, municipality, or educational
institution with the governing body of which an application for the incorporation of an authority
under the enabling statute, or for the reincorporation of a public hospital corporation thereunder,
is filed (and any other county, municipality, or educational institution that may at the time
constitute an "authorizing subdivision" within the meaning of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-350.htm - 2K - Match Info - Similar pages
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