|
45-39A-11.05
Section 45-39A-11.05 Civic Center Authority - Revenue bonds. (a) Subject to the conditions,
qualifications, and restrictions set forth in subsection (e), the authority shall have the
power to borrow money and to issue revenue bonds as evidence of money so borrowed, which bonds
shall be payable solely from taxes made payable to the authority by an act of the Legislature
heretofore or hereafter adopted and from the revenues of the authority derived from the activities,
operations, and enterprises in which the authority is hereby authorized to engage. As security
for any money so borrowed, together with interest thereon, and any obligations incurred or
assumed, the authority, 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 taxes payable to the authority under any act...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39A-11.05.htm - 9K - Match Info - Similar pages
33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the agency
shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in its corporate
name. b. May sue and be sued in its corporate name. c. May adopt, use and alter a corporate
seal, which shall be judicially noticed. d. May enter into such contracts and cooperative
agreements with the federal, state and local governments, with agencies of such governments,
with private individuals, corporations, associations, trusts and other organizations as the
board may deem necessary or convenient to enable it to carry out the purposes of this chapter,
including the planned, orderly residential development of the area. e. May adopt, amend and
repeal bylaws. f. May appoint such managers, officers, employees, attorneys and agents as
the board deems necessary for the transaction of its business, fix their compensation, define
their duties, require bonds of such of them as the board may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-12-5.htm - 18K - Match Info - Similar pages
11-99-2
Section 11-99-2 Definitions. As used in this chapter: (1) BLIGHTED OR ECONOMICALLY DISTRESSED
AREA: a. An area in which the structures, buildings, or improvements, by reason of dilapidation,
deterioration, age, or obsolescence, inadequate provision for ventilation, light, air, sanitation,
or open spaces, high density of population and overcrowding, or the existence of conditions
which endanger life or property by fire and other causes, or any combination of such factors,
are conducive to ill health, transmission of disease, infant mortality, juvenile delinquency,
or crime, and are detrimental to the public health, safety, morals, or welfare, or b. Any
area which by reason of the presence of a substantial number of substandard, slum, deteriorated,
or deteriorating structures, predominance of defective or inadequate street layout, faulty
lot layout in relation to size, adequacy, accessibility, or usefulness, unsanitary or unsafe
conditions, deterioration of site or other improvements,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99-2.htm - 12K - Match Info - Similar pages
11-8-4
Section 11-8-4 Principal and interest on refunding warrants to constitute part of annual county
operating budget; payment of same. Where counties issue or have heretofore issued refunding
warrants in lieu of obligations outstanding, the interest of such outstanding warrants together
with the principal thereof maturing in any fiscal year, shall constitute a part of the current
operating budget of such county for that fiscal year and shall be paid out of funds available
in such year for operating purposes, unless funds are provided otherwise for such payment.
(Acts 1935, No. 379, p. 803; Code 1940, T. 12, ยง75.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-8-4.htm - 922 bytes - Match Info - Similar pages
11-11-6
Section 11-11-6 Issuance of refunding warrants. Any such county may from time to time sell
and issue refunding warrants for the purpose of refunding the principal of outstanding warrants
of that county, the interest accrued to the date of the refunding on the outstanding warrants
to be refunded and any premium necessary to redeem the outstanding warrants to be refunded,
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 and regardless of whether the outstanding
warrants to be refunded shall be subject to redemption by the county prior to maturity and
regardless also of whether the outstanding warrants to be refunded, if subject to redemption
prior to maturity at the option of the county, have been or are to be called for redemption;
provided, that nothing contained in this chapter shall be construed to require the holders
of any such outstanding warrants to surrender them for redemption prior...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-11-6.htm - 1K - Match Info - Similar pages
11-15-14
Section 11-15-14 Refunding warrants. All or any warrants issued by the corporation may from
time to time thereafter be refunded by the issuance of refunding revenue warrants of the corporation,
but the amount of any refunding warrants so issued shall not exceed the principal of the warrants
refunded thereby together with any unpaid interest thereon and any premiums, commissions and
expenses necessary to be paid in connection with such refunding. Any such refunding may be
done regardless of whether the warrants to be refunded shall have then matured or shall thereafter
mature and may be effected either by sale of the refunding warrants and the application of
the proceeds thereof or by exchange of the refunding warrants for the warrants to be refunded
thereby; provided, that the holders of any warrants so to be refunded shall not be compelled
without their consent to surrender their warrants for payment or exchange prior to the date
on which they may be redeemed by the corporation under...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-15-14.htm - 1K - Match Info - Similar pages
11-9-5
Section 11-9-5 Issuance of refunding warrants and certificates of indebtedness. Each such county
may in like manner from time to time issue refunding warrants and refunding certificates of
indebtedness, either by sale or by exchange, for the purpose of refunding a like or greater
principal amount of warrants and certificates of indebtedness then outstanding which were
issued under the provisions of this article. The provisions of this article applicable to
the original issue of such warrants and certificates of indebtedness so refunded shall likewise
be applicable to any refunding warrants and refunding certificates of indebtedness; except,
that in the event such refunding warrants or refunding certificates of indebtedness are sold
the proceeds from such sale shall be used only to retire the warrants and certificates of
indebtedness refunded thereby; and except that said refunding warrants and refunding certificates
of indebtedness shall not be charged against the limitation on the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-9-5.htm - 1K - Match Info - Similar pages
11-1-17
Section 11-1-17 Warrants for borrowing purposes - Form of warrants, refunding warrants, coupons,
etc. (a) Warrants. The warrants issued under this title for borrowing purposes may be substantially
in the following form, which is declared to be sufficient: The State of Alabama, County of
___ $___ Warrant Number ___ The County of _____ acknowledges itself indebted and promises
to pay to ___, or order, on the ___ day of ___, 2__, for value received, the sum of ___ dollars,
with interest at the rate of ___ percent per annum at the proper depository of the county.
This warrant is issued pursuant to law and an order of the county commission of the said county,
who represent that all provisions of law have been complied with and that this warrant is
legal in all respects. In testimony whereof, we, the undersigned presiding officer and members
of the county commission of said county have hereunto set our hands and affixed the seal of
said county commission,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-1-17.htm - 3K - Match Info - Similar pages
11-11-3
Section 11-11-3 Authority for issuance; form, terms, denominations, retirement, etc.; security
for payment of principal and interest on warrants generally. The county commission of each
such county, in addition to all other powers which it may now have, is hereby empowered from
time to time to authorize, sell and issue interest-bearing warrants of the county in anticipation
of and payable solely out of that portion of the highway gasoline tax required by law to be
distributed to that county. The said warrants may be in such denomination or denominations,
may have such maturity or maturities not exceeding 20 years from their date, may bear interest
at such rate or rates and payable at such times, may be made payable at such place or places
whether within or without this state and may be sold at such time or times and in such manner,
whether publicly or privately, all as the county commission of the county shall determine
most advisable by resolution duly adopted at any lawful meeting of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-11-3.htm - 3K - Match Info - Similar pages
40-7-98
Section 40-7-98 Payment of pro rata shares of principal of and interest on warrants. The principal
of and interest on the warrants issued under the provisions of this division are hereby declared
to be lawful costs of the equalization program referred to in Division 1 of this article and
to be lawful and necessary governmental costs of the assessment and collection of ad valorem
taxes levied in the county issuing said warrants required by law to be paid as part of the
current governmental operating expenses of each tax recipient body receiving proceeds from
ad valorem taxation in said county. The principal and interest shall be paid pro rata by each
such tax recipient of such county and by the State of Alabama in the proportions which the
amount of ad valorem tax received by each tax recipient body, including the State of Alabama,
bears to the total amount of ad valorem tax received by all. For that purpose, the tax collector
of each county issuing warrants under this division is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-7-98.htm - 2K - Match Info - Similar pages
|