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33-2-192
Section 33-2-192 Docks facilities revenue bonds and refunding bonds - Pledge. All moneys
hereby pledged shall constitute a sinking fund for the purpose of paying the principal of,
premium, if any, and the interest on the docks facilities revenue bonds and refunding bonds.
As security for the payment of the principal of, premium, if any, and interest on the docks
facilities revenue bonds and the refunding bonds issued under this article, the department
is authorized to pledge the proceeds of the pledge herein provided for, including moneys on
deposit in any interest account or reserve account herein authorized to be created and the
interest income from the investment of moneys on deposit in such interest account or reserve
account, and the docks facilities construction and acquisition account. Any pledge made pursuant
to this section shall be valid and binding from the time the pledge is made. The income
or revenue so pledged shall immediately be subject to the lien of the pledge...
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14-2-10
Section 14-2-10 Temporary loans in anticipation of issuance of bonds. In anticipation
of issuance of bonds under this chapter, the authority may, from time to time, borrow such
sums as may be needed, not exceeding $1,000,000.00 in aggregate principal amount, for any
of the purposes for which bonds are authorized to be issued under this chapter and in evidence
of the moneys so borrowed may issue its promissory notes. The authorized principal amount
of notes that may be issued under this section shall be reduced to the extent that
bonds may be issued under this chapter. The principal of and the interest on notes so issued
may, from time to time, be refunded by refunding notes or by bonds in anticipation of the
issuance of which such notes were issued. All such notes, whether initial issues or refunding
issues, may bear interest from their dates until their maturities at such rate or rates as
may be deemed acceptable by the board of directors, not to exceed 10 percent per annum, shall...
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16-18A-5
Section 16-18A-5 Revenue bonds - Issuance; negotiable, forms, terms, etc.; refunding
bonds; security. The authority shall have power and is hereby authorized from time to time
to provide by resolution for the issuance of negotiable revenue bonds for the purpose of paying
all or any part of the cost as herein defined of any of its projects. Such bonds may also
be issued to pay off, refund or refinance any outstanding bonds or other obligation of any
nature owed by the authority, whether or not such revenue bonds or other obligations shall
then be subject to redemption, and the authority may provide for such arrangements as it may
determine for the payment and security of the revenue bonds being issued or for the payment
and security of the revenue bonds or other obligations to be paid off, refunded or refinanced.
The principal, premium, if any, and interest of such revenue bonds shall be payable solely
from the revenues, receipts and earnings to be received by the authority in...
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11-50-264
Section 11-50-264 Issuance, sale, etc., of bonds and refunding bonds of board; terms,
denominations, taxation, etc., thereof; charge, application, etc., of revenues from system
to payment of indebtedness; vesting of title to system in municipality upon payment of all
indebtedness. (a) Any waterworks board which borrows money under the authority of this division
may evidence the loan by revenue bonds in such form and of such tenor and maturities as may
be agreed upon between the lender and the board. Any such bonds so issued may thereafter from
time to time be refunded by the issuance by sale or exchange of refunding bonds at such times
and in such form and of such tenor and maturities as may be agreed on by the board and the
holders of the bonds so refunded if such refunding is by exchange and as may be determined
by the board if such refunding is by sale of refunding bonds. Such waterworks board may restrict
the source of payment of such bonds and the security given therefor to...
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41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall
have the following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST
FUND. The trust fund of the state created under Amendment 450 to the Constitution of Alabama
of 1901, and appearing as ยง219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section
41-10-759. (3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established
pursuant to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued
pursuant to this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement
of economic damages claims of the state against BP Exploration and Production, Inc. and any
of its corporate affiliates arising out of the Deepwater Horizon oil spill...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-751.htm - 6K - Match Info - Similar pages
11-50-345
Section 11-50-345 Issuance of revenue bonds authorized; form, terms, denominations,
etc.; execution, sale, etc.; disposition of proceeds from sale of bonds; issuance of interim
receipts or temporary bonds. (a) Any board of water and sewer commissioners created under
the provisions of this article is hereby authorized by resolution, at one time or from time
to time, to issue revenue bonds of the board for the purpose of paying all or any part of
the cost of any water system or sewer system or any combination thereof and the cost of any
improvements, extensions, and additions and for the purpose of refunding any bonds or obligations
assumed by the board in connection with the acquisition of such system or systems or part
thereof. The principal of and the interest on such bonds shall be payable solely from the
funds provided by this article for such payment. The bonds of each issue shall be dated, shall
bear interest at such rate or rates not exceeding 10 percent per annum, shall mature...
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11-81-173
Section 11-81-173 Issuance of additional bonds; payment of same. (a) Any borrower acquiring,
improving, enlarging, extending or repairing any such system or combined system pursuant to
the provisions of this article, may, in the event that the proceeds of any issue of revenue
bonds by error of calculation or otherwise shall be less than the amount required for the
purpose or purposes for which the same shall be authorized, issue additional bonds under the
provisions of this article to provide the amount of such deficit or, in the event that later
extensions and permanent improvements to such system or combined system appear to be desirable,
issue from time to time additional bonds under the provisions of this article to provide funds
for such purposes. (b) If such additional bonds are issued for the purpose of providing funds
necessary to supply any such deficit, they shall, unless otherwise provided in the ordinance
authorizing the original issue of bonds or in any trust indenture...
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11-81-28
Section 11-81-28 Issuance, sale, etc., of negotiable notes in anticipation of sale of
bonds. Whenever bonds of any county or municipality shall have been authorized under this
chapter at any election or by the governing body thereof in cases where an election is not
required, such governing body may from time to time in anticipation of the sale of such bonds
issue negotiable notes of such county or municipality for the purpose for which such bonds
shall have been authorized and to an amount at any time outstanding not exceeding the maximum
authorized amount of such bonds. Such notes shall be general obligations of the issuing county
or municipality, shall be signed as the governing body may prescribe, shall be made payable
as the governing body may determine, not later than 12 months from their respective dates,
and may be refunded from time to time by the issue of new negotiable notes under this section;
provided, that no such refunding shall be effected which shall extend the final...
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14-2-14
Section 14-2-14 Bonds - Specifications; redemption; precedence. Any bonds of the authority
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 other provisions not inconsistent with this section, all as may be
provided by the resolution of the board of directors whereunder such bonds are authorized
to be issued; provided, that no bond of the authority shall have a specified maturity date
later than 20 years after its date. In the event that the authority shall make more than one
pledge of the same revenues, such pledges shall, unless otherwise provided in the resolution
or resolutions authorizing the earlier issued bonds, take precedence in the order of the adoption
of the resolutions in which the pledges are made; provided, that each pledge for...
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22-23B-7
Section 22-23B-7 Purpose; issuing, selling and refunding of bonds. For the purpose of
providing funds for the authority to make loans to public bodies for a project or projects,
or for the payment of obligations incurred or temporary loans made for any of said purposes,
the authority is hereby authorized, from time to time, to issue and sell its bonds or other
evidences of indebtedness. Such bonds may be issued in one or more series; shall be in such
form and denominations and of such terms and maturities, not exceeding 30 years from the date
of issue of each series; shall bear such rate or rates of interest, payable and evidenced
in such manner; may contain such provisions for registration or for redemption prior to maturity;
and may contain such other provisions not inconsistent herewith, all as may be provided by
the authorizing resolution. As security for the payment of the principal of and interest on
its bonds, the authority is authorized to pledge, transfer and assign any...
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