11-89B-2
Section 11-89B-2 Form, terms, denominations, etc. of bonds; execution and delivery; interest;
sale; issuance of refunding bonds; liability on bonds; source of payment; use of proceeds;
mortgage, deed of trust, etc., containing certain agreements. All bonds issued pursuant to
the provisions of this chapter shall be signed by the chairman of the board of directors or
other governing body or other chief executive officer of such public corporation and attested
by its secretary and the seal of such public corporation shall be affixed thereto; provided,
that a facsimile of the signatures of both of the officers whose signatures will appear on
the bonds may be imprinted or otherwise reproduced thereon in lieu of being manually signed
if the proceedings in which the bonds are authorized to be issued provide for the manual authentication
of such bonds by a trustee, registrar or paying agent; provided further, that a facsimile
of the seal of such public corporation may be imprinted or otherwise...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89B-2.htm - 6K - Match Info - Similar pages

41-10-63
Section 41-10-63 Authority and procedure for pledge of revenues of authority and creation of
statutory lien upon facilities and properties thereof for payment of principal and interest
on bonds; remedies upon default in payment of principal or interest on bonds. (a) In the proceedings
authorizing the issuance of any of its bonds, the authority is hereby authorized and empowered
to pledge for the payment of the principal of and interest on such bonds, as the said principal
and interest shall respectively mature, and to agree to use solely for such purpose all the
revenues which under the provisions of Section 41-10-65 are provided for the payment of the
said principal and interest. All such pledges made by the authority shall take precedence
in the order of the resolutions containing such pledge. (b) In said proceedings the authority
may further provide and create a statutory lien upon the facilities and properties of the
authority as security for the payment of said principal and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-63.htm - 3K - Match Info - Similar pages

11-50A-10
Section 11-50A-10 Validation of bonds. Except as otherwise provided in this section, the validity
of any bonds may be determined in the manner provided in Sections 11-81-220 through 11-81-227,
provided that, as used in those sections: the term "unit" shall mean the authority;
the term "organizing subdivision" shall mean the state; the term "obligations"
shall include, in addition to the evidences of indebtedness listed in Section 11-81-220(3),
all contracts described in Section 11-50A-11; and the term "district attorney" shall
mean the attorney general of the state; and provided further, that the authority shall not
be required to specify in its complaint when, where, and in what amounts principal and interest
on the bonds are to be paid; and provided further, that in its complaint the authority may,
when stating the amount of obligations to be issued, state the principal amount of bonds to
be issued, whether the bonds are to be issued in separate series or installments from time
to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-10.htm - 3K - Match Info - Similar pages

11-94-12
Section 11-94-12 Bonds of authority - Indenture; lien; remedies of bondholders. In the discretion
of its board, any bonds issued by an authority may be secured by an indenture between an authority
and a trustee, which may be any trust company or bank having trust powers, whether such bank
or trust company is located within or without the state. In any such indenture or resolution
providing for the issuance of bonds an authority may pledge, for payment of the principal
of and the interest on such bonds, any of its revenues to which its right then exists or may
thereafter come into existence and may assign, as security for such payment, any of its leases,
franchises, permits and contracts; and in any such indenture, an authority may mortgage any
of its properties, including any that may be thereafter acquired by it, and may provide that
in the event of a default in payment of the bonds secured thereby or in the event of default
with respect to any agreement contained therein, such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-94-12.htm - 4K - Match Info - Similar pages

16-17A-12
Section 16-17A-12 Obligations of authority. (a) All agreements and covenants undertaken, and
all indebtedness issued, by an authority shall be solely and exclusively an obligation of
the authority and, except as otherwise provided in a written agreement in accordance with
Section 16-17A-17, shall not create an obligation or debt of the state, any university, or
any other governmental entity or public corporation within the meaning of any constitutional
or statutory provision. (b) Neither the directors nor any officer of an authority executing
indebtedness issued pursuant to this chapter shall be personally liable for such indebtedness
by reason of the execution or issuance thereof. (c) The state and the sponsoring university
do hereby pledge to and agree with the holders of any indebtedness issued under this chapter
that neither the state nor the sponsoring university will limit or alter the rights hereby
vested in the authority to fulfill the terms of any indebtedness or related...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17A-12.htm - 1K - Match Info - Similar pages

22-21-323
Section 22-21-323 Source of payment; security. (a) Securities issued by an authority shall
not be general obligations of the authority but shall be payable solely out of the revenues
from any health care facilities or other properties or assets (including, without limitation,
proceeds from such securities, investment income and insurance and condemnation proceeds)
owned or operated by it and the proceeds of any hospital tax appropriated, apportioned or
allocated to it or for its benefit, or any portion of either thereof, all as may be provided
or specified in the resolution of the board authorizing such securities or the indenture under
which issued. The principal of and interest (and premium, if any) on any securities issued
by the authority shall be secured by a pledge of the revenues or taxes (or both) out of which
the same are payable and may be secured by a trust indenture evidencing such pledge or by
a foreclosable mortgage, mortgage indenture or mortgage and trust indenture...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-323.htm - 4K - Match Info - Similar pages

23-1-157
Section 23-1-157 Bonds - Generally. (a) The bonds of the corporation shall be signed by its
president or vice president and attested by its secretary; provided, that a facsimile of the
signature of the officers may be imprinted or otherwise reproduced on any such bonds in lieu
of his or her signing the same. The seal of the corporation shall be affixed to such bonds;
provided, that a facsimile of the seal may be imprinted or otherwise reproduced on any such
bonds in lieu of being manually affixed thereon. (b) Any bonds of the corporation may be executed
and delivered 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 article, all as may be provided by the resolution of
the board of directors whereunder such bonds are authorized to be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-157.htm - 6K - Match Info - Similar pages

45-30A-50.18
Section 45-30A-50.18 Appeal to the court. Decisions of the board may be enforced in the court
by mandamus, injunction, or other appropriate proceedings. The employee, the appointing authority,
or the city may, within 10 days after the decision of the board is rendered, appeal to the
court from any decisions of the board affirming, imposing, or refusing to affirm or impose
dismissal or demotion as disciplinary action by filing notice of such appeal with the court
and causing a copy of such notice to be served on the appointing authority and any member
of the board. Upon the filing of such notice, the board shall file with the court a certified
transcript of the proceeding had before it with respect to the appeal, and its decision in
the matter. The appeal shall be heard at the earliest possible date by the court sitting without
a jury on the issues made before the board and the trial in the court shall be de novo. No
bond shall be required for such an appeal and the cost of such appeal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-30A-50.18.htm - 1K - Match Info - Similar pages

45-31-120.18
Section 45-31-120.18 Appeal to the court. Decisions of the board may be enforced by mandamus,
injunction, or other appropriate proceedings. The employee, the appointing authority, or the
Geneva County Commission, within 21 days after the decision of the board is rendered, may
appeal to the court from any decision of the board affirming, imposing, or refusing to affirm
or impose dismissal or demotion as disciplinary action by filing notice of such appeal with
the court and causing a copy of such notice to be served on the appointing authority and any
member of the board. Upon the filing of such notice, the board shall file with the court a
certified record of the proceeding had before it with respect to the appeal, and its decision
in the matter. The appeal shall be heard at the earliest possible date by the court sitting
without a jury on the issues made before the board and the trial in the court shall be de
novo. No bond shall be required for such an appeal and the cost of such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-31-120.18.htm - 1K - Match Info - Similar pages

45-35-120.18
Section 45-35-120.18 Appeal. Decisions of the board may be enforced by mandamus, injunction,
or other appropriate proceedings. The employee, the appointing authority, or the Houston County
Commission may, within 21 days after the decision of the board is rendered, appeal to the
court from any decision of the board affirming, imposing, or refusing to affirm or impose
dismissal or demotion as disciplinary action by filing notice of such appeal with the court
and causing a copy of such notice to be served on the appointing authority and any member
of the board. Upon the filing of such notice, the board shall file with the court a certified
record of the proceeding had before it with respect to the appeal, and its decision in the
matter. The appeal shall be heard at the earliest possible date by the court sitting without
a jury on the issues made before the board and the trial in the court shall be de novo. No
bond shall be required for such an appeal and the cost of such appeal shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-35-120.18.htm - 1K - Match Info - Similar pages