11-15-14
Section 11-15-14 Refunding warrants. All or any warrants issued by the corporation may
from time to time thereafter be refunded by the issuance of refunding revenue warrants of
the corporation, but the amount of any refunding warrants so issued shall not exceed the principal
of the warrants refunded thereby together with any unpaid interest thereon and any premiums,
commissions and expenses necessary to be paid in connection with such refunding. Any such
refunding may be done regardless of whether the warrants to be refunded shall have then matured
or shall thereafter mature and may be effected either by sale of the refunding warrants and
the application of the proceeds thereof or by exchange of the refunding warrants for the warrants
to be refunded thereby; provided, that the holders of any warrants so to be refunded shall
not be compelled without their consent to surrender their warrants for payment or exchange
prior to the date on which they may be redeemed by the corporation under...
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2-6-81
Section 2-6-81 Refunding securities. Any securities issued by the corporation may from
time to time thereafter be refunded by the issuance of refunding securities of the corporation,
but the amount of any refunding securities so issued shall not exceed the principal of the
securities refunded thereby together with any unpaid interest thereon, any redemption premium
thereon and any expenses of such refunding. Any such refunding securities may be issued regardless
of whether the securities to be refunded shall have then matured or shall thereafter mature,
and such refunding may be effected either by sale of the refunding securities and the application
of the proceeds thereof to the payment or redemption of the securities so refunded or by exchange
of the refunding securities for those to be refunded thereby; provided, that the holders of
any securities so to be refunded shall not be compelled without their consent to surrender
their securities for payment or exchange prior to the date on...
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11-58-10
Section 11-58-10 Refunding bonds. Any bonds issued by a corporation organized under
this chapter and at any time outstanding may at any time and from time to time be refunded
by the corporation by the issuance of its refunding bonds in such amount as the board of directors
may deem necessary but not exceeding the principal amount of the bonds to be refunded, any
expenses estimated to be incurred in connection with such refunding and interest (accrued
or to accrue) to the respective maturities of the bonds to be refunded or, if the bonds to
be refunded are to be called for redemption, either on the earliest date on which under their
terms they may be redeemed or some other date or dates, the interest (accrued or to accrue)
on the bonds to be refunded to the date or dates on which they are to be called for redemption
plus the amount of any redemption premium required by their terms to be paid as a condition
to their redemption prior to their respective maturities. Any such refunding may...
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11-59-9
Section 11-59-9 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; refunding of bonds. All bonds issued by the corporation shall be revenue
bonds and shall be payable solely out of the revenues derived from the leasing or operation
by the corporation of its facilities or of any thereof as may be designated in the proceedings
of the board of directors under which they shall be authorized to be issued. Such bonds may
be executed and delivered by the corporation at any time and from time to time, may be in
such form and denominations and of such tenor and maturities, may be in registered or bearer
form either as to principal or interest or both, may be payable in such installments and at
such time or times, not exceeding 40 years from the date thereof, may be payable at such place
or places whether within or without the State of Alabama, may bear interest at such rate or
rates payable at such time or times and at such place or places and evidenced in...
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11-20-38
Section 11-20-38 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; refunding of bonds. All bonds issued by the corporation shall be payable
solely out of the revenues and receipts derived from the leasing or sale by the corporation
of its projects or of any thereof as may be designated in the proceedings of the board of
directors under which the bonds shall be authorized to be issued. Such bonds may be executed
and delivered by the corporation at any time and from time to time, may be in such form and
denominations and of such tenor and maturities, may be in registered or bearer form either
as to principal or interest or both, may be payable at such time or times, not exceeding 40
years from the date thereof, may be payable at such place or places whether within or without
the State of Alabama, may bear interest at such rate or rates payable at such time or times
and at such place or places and evidence in such manner, may be executed by such...
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11-22-9
Section 11-22-9 Bond issues - Funds for payment; execution; form; redemption; sale;
refunding; negotiable instruments. (a) All bonds issued by the corporation shall be payable
solely out of the revenues and receipts derived from the operation, leasing or sale by the
corporation of its projects or of any thereof as may be designated in the proceedings of the
board of directors under which the bonds shall be authorized to be issued. (b) Such bonds
may be executed and delivered by the corporation at any time and from time to time, may be
in such form and denominations and of such tenor and maturities, may be in registered or bearer
form either as to principal or interest or both, may be payable at such time or times not
exceeding 40 years from the date thereof, may be payable at such place or places whether within
or without the State of Alabama, may bear interest at such rate or rates payable at such time
or times and at such place or places and evidenced in such manner, may be executed...
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11-60-9
Section 11-60-9 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; refunding of bonds. All bonds issued by the corporation shall be payable
solely out of the revenues and receipts derived from the operation, leasing or sale by the
corporation of its projects or of any thereof as may be designated in the proceedings of the
board of directors under which the bonds shall be authorized to be issued. Such bonds may
be executed and delivered by the corporation at any time and from time to time, may be in
such form and denominations and of such tenor and maturities, may be in registered or bearer
form either as to principal or interest or both, may be payable at such time or times, not
exceeding 40 years from the date thereof, may be payable at such place or places whether within
or without the State of Alabama, may bear interest at such rate or rates payable at such time
or times and at such place or places and evidenced in such manner, may be executed by...
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45-49-90.08
Section 45-49-90.08 Bonds of the corporation. (a) All bonds issued by the corporation
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the corporation of its industrial sites or of any thereof as may be designated in the proceedings
of the board of directors under which the bonds shall be authorized to be issued. (b) Such
bonds may be executed and delivered by the corporation at any time and from time to time,
may be in such form and denominations and of such tenor and maturities, may be in registered
or bearer form either as to principal or interest or both, may be payable at such time or
times, not exceeding 40 years from the date thereof, may be payable at such place or places
whether within or without the State of Alabama, may bear interest at such rate or rates payable
at such time or times and at such place or places and evidence in such manner, may be executed
by such officers of the corporation and in such manner and may contain such...
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11-54-89
Section 11-54-89 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; refunding of bonds. All bonds issued by the industrial development board
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 of directors under which the bonds shall be authorized to be issued. Such bonds
may be executed and delivered by the board at any time and from time to time, may be in such
form and denominations and of such tenor and maturities, may be in registered or bearer form
either as to principal or interest or both, may be payable in such installments and at such
time or times, not exceeding 40 years from the date thereof, may be payable at such place
or places whether within or without the State of Alabama, may bear interest at such rate or
rates payable at such time or times and at such place or places and evidenced in such manner,...

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41-10-277
Section 41-10-277 Refunding bonds. Any bonds issued by the authority may from time to
time thereafter be refunded by the issuance of refunding bonds of the authority. Any such
refunding bonds may be issued regardless of whether the bonds to be refunded shall have then
matured or shall thereafter mature, and such refunding may be effected either by sale of the
refunding bonds and the application of the proceeds thereof to the payment or redemption of
the bonds so refunded or by exchange of the refunding bonds for those to be refunded thereby;
provided, that the holders of any bonds so to be refunded shall not be compelled without their
consent to surrender their bonds for payment or exchange prior to the date on which they are
payable or, if they are called for redemption, prior to the date on which they may be redeemed
by the authority according to their terms. Any refunding bonds of the authority shall be payable
solely from and secured by the revenues out of which the bonds to be...
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