39-2-12
Section 39-2-12 Partial and final payments of contractors by awarding authorities. (a) As used
in this section the following words shall have the meanings ascribed to them as follows: (1)
CONTRACTOR. Any natural person, partnership, company, firm, corporation, association, limited
liability company, cooperative, or other legal entity licensed by the Alabama State Licensing
Board for General Contractors. (2) NONRESIDENT CONTRACTOR. A contractor which is neither a.
organized and existing under the laws of the State of Alabama, nor b. maintains its principal
place of business in the State of Alabama. A nonresident contractor which has maintained a
permanent branch office within the State of Alabama for at least five continuous years shall
not thereafter be deemed to be a nonresident contractor so long as the contractor continues
to maintain a branch office within Alabama. (3) RETAINAGE. That money belonging to the contractor
which has been retained by the awarding authority conditioned on...
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45-6-242
against gross sales or gross receipts, as the case may be, as follows: (1) Upon every person,
firm, or corporation (including the state, the University of Alabama, Auburn University, and
all other institutions of higher learning in the state, whether such institutions be denominational,
state, county, or municipal institutions, any association or other agency or instrumentality
of such institutions) engaged or continuing within the county in the business of selling at
retail any tangible personal property whatsoever, including merchandise and commodities
of every kind and character (not including, however, bonds or other evidences of debts or
stock, nor sales of material and supplies to any person for use in fulfilling a contract for
the painting, repair or reconditioning of vessels, ships, and other watercraft of over 50
tons burden) an amount of one percent of the gross proceeds of sales of the business, except
where a different amount is expressly provided herein; provided,...
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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...
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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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11-88-97
Section 11-88-97 Disposition of proceeds from sale of bonds. The principal proceeds received
in the sale of any bonds issued under the authority of this article shall be used for the
purposes for which the bonds are issued; provided, however, that if for any reason any part
of such proceeds shall not be necessary for such purposes, then such unexpended part of such
proceeds shall be applied to the payment of the principal of or interest on the said bonds.
All accrued interest and premium received in any such sale shall be applied to the payment
of interest or principal on the bonds sold. (Acts 1973, No. 826, p. 1293, §57.)...
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11-47-222
Section 11-47-222 Bonds of an authority - Sale and issuance of refunding bonds; maturity; limitation
on principal amount; use of proceeds; effectuation of refunding by sale or exchange of bonds.
(a) An authority may at any time and from time to time sell and issue its refunding bonds
for the purpose of refunding the principal of and interest on any then outstanding bonds of
the authority, whether or not the bonds shall have matured or be redeemable at the option
of the authority at the time of the refunding, and for the payment of any expenses incurred
in connection with the refunding and any premium or other sum necessary to be paid to redeem
or retire the bonds to be refunded. No refunding bonds shall be issued unless the present
value of all debt service on the refunding bonds (computed with a discount rate equal to the
true interest rate of the refunding bonds and taking into account all underwriting discount
and other issuance expenses) shall not be greater than 95 percent of the...
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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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11-56-10
Section 11-56-10 Bonds - Authority for issuance; security for payment of principal and interest
generally; form, terms, denominations, etc.; sale, redemption, etc. The corporation is authorized
at any time and from time to time to issue its interest-bearing revenue bonds for the purpose
of acquiring, constructing, improving, enlarging, completing and equipping one or more projects.
The principal of and the interest on any such bonds shall be payable solely out of the revenues
derived from the project with respect to which such bonds are issued. None of the bonds of
the corporation shall ever constitute an obligation or debt of the state, the county or the
municipality or a charge against the credit or taxing powers of the state, the county or the
municipality. Bonds of the corporation may be issued at any time and from time to time, may
be in such form and denominations, may be of such tenor, may be payable in such installments
and at such time or times, not exceeding 40 years from...
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11-57-11
Section 11-57-11 Bonds - Authority for issuance; security for payment of principal and interest
generally; form, terms, denominations, etc.; sale, redemption, etc. The authority is empowered
at any time and from time to time to sell and issue its revenue bonds for the purpose of providing
funds to acquire, construct, improve, enlarge, complete and equip one or more projects and
for payment of obligations incurred for any such purpose. The principal of and interest on
any such bonds shall be payable solely out of the revenues derived from the project with respect
to which such bonds were issued. Any bonds of the authority may be 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 chapter as may be provided by the...
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11-81-13
Section 11-81-13 Disposition of proceeds from sale. The principal proceeds received in the
sale of any bonds hereafter issued under the authority of this chapter shall be used for the
purposes for which the bonds are issued; provided, however, that if for any reason any part
of such proceeds shall not be necessary for such purposes then such unexpended part of such
proceeds shall be applied to the payment of the principal of or interest on said bonds. All
accrued interest and premium received in any such sale shall be applied to the payment of
interest or principal on the bonds sold. (Acts 1927, No. 478, p. 534; Code 1940, T. 37, §261;
Acts 1945, No. 394, p. 612.)...
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