41-10-498
Section 41-10-498 Temporary loans in anticipation of issuance of bonds. In anticipation
of issuance of bonds under this article, the authority may, from time to time, borrow such
sums as may be needed for any of the purposes for which bonds are authorized to be issued
under this article, and in evidence of the moneys so borrowed by issue of its promissory notes.
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 15 percent per annum, shall mature within three years from their date, and the
principal thereof, premium, if any, and interest thereon shall be payable solely from the
proceeds of the refunding notes issued to refund any such notes...
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9-14A-11
Section 9-14A-11 Bonds - Redemption. The bonds of each series issued pursuant to this
chapter may be issued as serial bonds payable in annual installments or as term bonds or as
a combination thereof, and the principal of the bonds of each such series shall mature or
be subject to mandatory redemption according to such schedule as the respective board of directors
of said corporations shall determine in the resolution authorizing the issuance of such series.
The bonds may be made subject to redemption prior to their respective maturities, at the option
of the state, on such terms and conditions as shall be provided by the board of directors
of the corporation in the resolution authorizing the issuance of such series. Any or all of
such bonds subject to redemption at the option of the state may be called for redemption by
the corporations pursuant to a resolution adopted by the respective board of directors thereof
if pursuant to appropriations theretofore made by the Legislature the...
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22-34-1
Section 22-34-1 Definitions. The following words and phrases, whenever used in this
chapter, shall have the following respective meanings unless the context clearly indicates
otherwise: (1) AUTHORITY. The corporation organized pursuant to the provisions of this chapter
as a public corporation, agency and instrumentality of the state and known as the "Alabama
Water Pollution Control Authority." (2) AUTHORIZING RESOLUTION. A resolution or order
adopted by the board of directors of the authority authorizing the issuance of bonds by the
authority pursuant to this chapter or by a public body. (3) BOARD OF DIRECTORS. The board
of directors of the Alabama Water Pollution Control Authority. (4) BONDS. The "Water
Pollution Control Bonds," notes or obligations or other evidence of indebtedness issued
by the authority under the provisions of this chapter. (5) BOND PROCEEDS. The direct proceeds
of sale of bonds or notes, and the income derived from the investment of such proceeds. (6)
DEPARTMENT....
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11-58-13
Section 11-58-13 Authority and procedure for dissolution of corporations; vesting of
title to funds and properties thereof in municipalities or counties upon dissolution; effect
of dissolution of corporation upon other such corporations. (a) Whenever the principal of
and interest on all bonds of a corporation payable from the revenues derived from the operation
of one or more medical clinics owned by the corporation have been paid in full, its board
of directors of the corporation may, by resolution, determine that the purposes for which
the corporation was formed have been substantially complied with, and shall thereupon execute
and file for record in the office of the judge of probate of the county in which the corporation
is organized a certificate of dissolution, reciting those facts and declaring the corporation
to be dissolved. The certificate of dissolution shall be executed under the corporate seal
of the corporation. (b) Upon the filing of the certificate of dissolution, the...
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2-6-114
Section 2-6-114 Form and contents of bonds; redemption. (a) Any bonds of the corporation
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 herewith, 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 corporation shall have a specified maturity date later than 30 years after
its date. Each bond of the corporation may be made subject to redemption at the option of
the corporation under such terms and conditions and at such premiums, if any, as may be provided
in the resolution under which the bond is authorized to be issued. The corporation may pay
out of the proceeds of the sale of its bonds all expenses,...
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41-1-9
Section 41-1-9 Issuance of interest bearing securities, etc. In any instance where any
bond, warrant, note, certificate of indebtedness or other securities howsoever designated
is authorized to be issued by the state, or by any county, municipality, board of education,
political subdivision, public instrumentality, public corporation or other public entity howsoever
identified; any such security may bear one or more rates of interest, or no interest, or interest
may be payable through one or more payments which reflect compound interest computed at specified
intervals on accrued but unpaid interest, or through a discount in the sales price for such
security equivalent to compound interest on such security for all or part of the term thereof,
or through any combination of the foregoing methods of providing for the payment of interest,
and any such amounts shall be payable at such time or times as may be provided in the proceedings
authorizing any such security, regardless of the...
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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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45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other
powers now or hereafter granted by law, the authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by
the Jackson County Commission which are required by law to be deposited to the credit of the
Jackson County Water Authority. c. The revenues derived from any water, sewer, or garbage
system or facility of the authority. (2) To pledge for payment of any bonds issued...
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45-49A-10.05
Section 45-49A-10.05 Power to borrow money and issue revenue bonds. (a) The corporation
shall have the power to borrow money and to issue revenue bonds as evidence of any money borrowed,
which bonds shall be payable solely from the revenues derived from the activities and enterprises
in which the corporation is hereby authorized to engage. As security for any money so borrowed,
together with interest thereon, and any obligations incurred or assumed, the corporation in
its discretion may mortgage, pledge, or otherwise transfer and convey its real, personal,
and mixed property, or any part or parts thereof, whether then owned or thereafter acquired,
including any franchises then owned or thereafter acquired, and all or any part of the revenues
derived from the activities or enterprises in which the corporation is hereby authorized to
engage. (b) When the corporation deems it advisable, convenient, necessary, or expedient to
issue such bonds, it shall so resolve and all the provisions of...
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11-50A-1
Section 11-50A-1 Definitions. As used in this chapter, the following words shall have
the following meanings unless the context clearly indicates otherwise: (1) AUTHORITY. Alabama
Municipal Electric Authority created pursuant to this chapter and any successor or successors
thereto. (2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by
the authority under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION
NOTES. Short term obligations issued by the authority in anticipation of the issuance of bonds.
(5) COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment,
alteration, repair, or extension of any project; all costs of real and personal property required
for the purposes of any project, including any rights or undivided interest therein; all costs
of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates,
and all costs of securing any permits, approvals, licenses,...
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