11-97-9
Section 11-97-9 Bonds of corporation generally. (a) Any corporation shall have the power to
issue, sell and deliver at any time and from time to time its bonds in such principal amount
or amounts as its board shall determine to be necessary to provide sufficient funds for achieving
any of its corporate purposes, including the payment of interest on any of its bonds, the
establishment of reserves to secure any such bonds and all other expenditures of such corporation
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
corporation shall also have the power to issue from time to time bonds to renew bonds and
bonds to pay bonds, including interest thereon and, whenever it deems refunding expedient,
to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or
have not matured, and to issue bonds partly to refund bonds then outstanding and partly for
any other of its corporate purposes. (b) The bonds issued by any...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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11-11A-3
Section 11-11A-3 Issuance of refunding warrants. Any county in the state of Alabama may from
time to time authorize, sell and issue refunding warrants for the purpose of refunding any
outstanding warrants theretofore issued under the provisions of this chapter (whether or not
the principal of the outstanding warrants to be refunded shall have matured at the time of
the issuance of the refunding warrants). Refunding warrants may not, however, be issued in
a principal amount that will result in the principal proceeds to be derived by the issuing
county therefrom exceeding the sum of (a) the outstanding principal of the warrants being
refunded, (b) the interest thereon accrued to the date of issuance of such refunding warrants,
(c) the interest to accrue on such outstanding warrants to their respective maturities or
to the earliest date on which they may, under their terms, be redeemed (whichever is earlier),
(d) any premium necessary to redeem or retire the outstanding warrants being...
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22-27-24
Section 22-27-24 Refunding warrants. Each such county may, in like manner, from time to time,
issue refunding warrants, either by sale or by exchange, for the purpose of refunding a like
or greater principal amount of warrants then outstanding which were issued under the provisions
of this article and the interest thereon and paying any premium necessary to be paid to retire
the outstanding warrants refunded thereby. The provisions of this article applicable to the
warrants so refunded shall likewise be applicable to such refunding warrants. (Acts 1971,
No. 1197, p. 2068, §5.)...
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11-81-4
Section 11-81-4 Issuance of refunding interest-bearing certificates of indebtedness, warrants
or notes by municipalities; pledge of tax, revenues, etc., for payment of principal and interest
on same. The governing body of any municipality in this state is hereby authorized to issue,
without an election, refunding interest-bearing certificates of indebtedness or refunding
interest-bearing warrants or refunding interest-bearing notes maturing at such time or times
as the governing body may determine, not exceeding 30 years from their respective dates, for
the purpose of funding or refunding outstanding certificates of indebtedness or warrants or
notes of such municipality or any outstanding revenue bonds of such municipality issued under
the provisions of Article 5 of Chapter 81 of Title 11 as amended, or predecessor statute or
any combination thereof, whether the same are due at the time of such funding or refunding
or at a later date, in an aggregate principal amount not exceeding the...
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11-9-24
Section 11-9-24 Issuance of refunding warrants. Each such county may in like manner from time
to time issue refunding warrants, either by sale or by exchange, for the purpose of refunding
a like or greater principal amount of warrants then outstanding which were issued under the
provisions of this article and the interest thereon and paying any premium necessary to be
paid to retire the outstanding warrants refunded thereby. The provisions of this article applicable
to the warrants so refunded shall likewise be applicable to such refunding warrants. (Acts
1973, No. 1128, p. 1901, §5.)...
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4-5-4
Section 4-5-4 Refunding warrants and certificates. Each such county may in like manner from
time to time issue refunding warrants and certificates, either by sale or by exchange, for
the purpose of refunding a like or greater principal amount of warrants and certificates then
outstanding, which were issued under the provisions of this chapter and the interest thereon,
and paying any premium necessary to be paid to retire the outstanding warrants and certificates
refunded thereby. The provisions of this chapter applicable to the warrants and certificates
so refunded shall likewise be applicable to such refunding warrants and certificates. (Acts
1955, No. 363, p. 881, §4.)...
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40-7-94
Section 40-7-94 Authorization to issue refunding warrants. Each such county may in like manner
from time to time issue refunding warrants, either by sale or by exchange, for the purpose
of refunding a like or greater principal amount of warrants then outstanding which were issued
under the provisions of this division and the interest thereon and paying any premium necessary
to be paid to retire the outstanding warrants refunded thereby. The provisions of this division
applicable to the warrants so refunded shall likewise be applicable to such refunding warrants.
(Acts 1973, No. 1092, p. 1855, §5.)...
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17-7-5
Section 17-7-5 Warrants or certificates for purchase - Refunding authorized. Each such county
may in like manner from time to time issue refunding warrants and certificates, either by
sale or by exchange, for the purpose of refunding a like or greater principal amount of warrants
and certificates then outstanding which were issued under the provisions of this section and
Sections 17-7-2 through 17-7-4 and Sections 17-7-6 and 17-7-7 and the interest thereon and
paying any premium necessary to be paid to retire the outstanding warrants and certificates
refunded thereby. The provisions of this section and Sections 17-7-2 through 17-7-4 and Sections
17-7-6 and 17-7-7 applicable to the warrants and certificates so refunded shall likewise be
applicable to such refunding warrants and certificates. (Acts 1959, No. 603, p. 1492, §4;
§17-9-12; amended and renumbered by Act 2006-570, p. 1331, §37.)...
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11-15-9
Section 11-15-9 Warrants - Authority for issuance; form, terms, denominations, redemption,
etc.; sale. The corporation is authorized to issue its interest-bearing revenue warrants for
the purpose of acquiring, constructing, improving, enlarging, completing and equipping one
or more projects. All warrants issued by the corporation shall be limited obligations of the
corporation, the principal of and interest on which shall be payable solely out of the revenues
derived from the projects with respect to which they are issued. None of the warrants of the
corporation shall ever constitute an obligation or debt of the state or of the county or a
charge against the credit or taxing powers of the state or the county. Warrants 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
30 years from their date, may be payable at such place or places...
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