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11-28-3
Section 11-28-3 Special pledges. If the county commission of any county determines to
issue warrants under this chapter that are general obligations of such county, or if such
county commission determines to issue warrants under this chapter that are limited obligations
of such county payable solely from specified sources, then such county commission may assign
and specifically pledge for the payment of the principal of and the interest on such general
obligation warrants (as additional security for the payment thereof) or for the payment of
the principal of and interest on such limited obligation warrants (as the sole source for
the payment thereof), as the case may be, all or any portion of the funds derived from any
one or more of the following sources that are not subject to previous pledges or covenants
which would prevent the assignment and pledge hereby authorized, that are not required by
the laws and Constitution of the State of Alabama to be devoted to other purposes, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-28-3.htm - 4K - Match Info - Similar pages
16-13-70
Section 16-13-70 Issuance authorized; purposes; source of payment. (a) Any county board
of education and any city board of education may issue and sell interest-bearing tax anticipation
warrants for the purpose of paying the costs of erecting, acquiring, providing, constructing,
purchasing, altering, enlarging, improving, repairing and equipping school buildings, school
playgrounds and buildings for housing and repairing school buses, and for the purpose of purchasing
school buses, or for any one or more of such purposes. (b) Warrants issued under the provisions
of this article shall not be general obligations of the board of education issuing such warrants
but shall be payable, as to both principal and interest, solely out of one of the following:
(1) The proceeds of any ad valorem tax voted under the constitution for the purpose of paying
such warrants, or for school purposes generally, and paid, apportioned or allocated to or
for the benefit of the board of education issuing such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-70.htm - 4K - Match Info - Similar pages
11-9-2
Section 11-9-2 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county which is
now levying or may hereafter levy a special sanitary tax shall have the power from time to
time to sell and issue, in addition to all other securities which it may now or hereafter
be authorized to issue, interest-bearing warrants or certificates of indebtedness of such
county for the purpose of paying the costs of acquiring, providing, constructing, enlarging
or extending a sanitary sewer system or systems or any part or parts thereof, including sanitary
sewers, outfall lines, a sewage disposal plant or plants and appurtenances to any thereof;
provided, that the maximum principal amount of warrants and certificates of indebtedness that
may be issued under the provisions of this article shall not exceed $1,500,000.00. Any such
warrants or certificates of indebtedness may be in such denomination or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-9-2.htm - 2K - Match Info - Similar pages
11-9-23
Section 11-9-23 Special pledges for payment of principal and interest. The county commission
of the county issuing any such warrants may, in its discretion, assign and specially pledge
for the payment of the principal of and interest on such warrants so much as may be necessary
for said payment of any one or more of the following (or any part thereof): (1) The proceeds
from the general annual ad valorem tax of one half of one percent which the county is authorized
to levy without reference to the purpose thereof under the provisions of Section 215
of the Constitution of Alabama of 1901; (2) The proceeds from any other tax (including any
ad valorem tax and any privilege, license or excise tax) that at the time of the issuance
of the said warrants may lawfully be used by the county for payment of such principal and
interest; and, (3) The revenues derived by the county from any waterworks system of the county.
To the extent necessary and sufficient for making the payments in respect of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-9-23.htm - 2K - Match Info - Similar pages
40-7-93
Section 40-7-93 Special pledges for payment. The governing body of the county issuing
any such warrants may, in its discretion, assign and specially pledge for the payment of the
principal of and interest on such warrants, so much as may be necessary for said payment of
any one or more of the following (or any part thereof): (1) The general annual ad valorem
tax of one half of one percent which the county is authorized to levy without reference to
the purpose thereof under the provisions of Section 215 of the Constitution of Alabama
of 1901. (2) The proceeds from any other tax (including any ad valorem tax and any privilege,
license, or excise tax) that at the time of the issuance of the said warrants may lawfully
be used by the county for payment of such principal and interest. (3) Any other revenues of,
or funds available to, the county that at the time of the issuance of the said warrants may
lawfully be used by the county for payment of such principal and interest, including (but...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-7-93.htm - 2K - Match Info - Similar pages
22-27-23
Section 22-27-23 Special pledges for payment of principal and interest on warrants.
(a) The county commission of the county issuing any such warrants may, in its discretion,
assign and specially pledge, for the payment of the principal of and interest on such warrants,
so much as may be necessary for said payment of any one or more of the following, or any part
thereof: (1) The proceeds from the general annual ad valorem tax of one half of one percent
which the county is authorized to levy without reference to the purpose thereof under the
provisions of Section 215 of the Constitution of Alabama of 1901; (2) The proceeds
from any other tax, including any ad valorem tax and any privilege, license or excise tax,
that at the time of the issuance of the said warrants may lawfully be used by the county for
payment of such principal and interest; and (3) The revenues derived by the county from any
solid wastes collection and disposal facilities owned, controlled, used or operated by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-27-23.htm - 3K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.06.htm - 13K - Match Info - Similar pages
11-9-22
Section 11-9-22 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county shall have
the power from time to time to sell and issue interest-bearing warrants of such county for
the purpose of paying costs to that county of acquiring and providing one or more waterworks
systems for the purpose of rendering water service in any part of the county; provided, that
the county shall not render water service within any municipality except pursuant to franchise
granted to the county by such municipality. Any warrants issued under the provisions of this
article may be in such denomination or denominations, may have such maturity or maturities
not exceeding 30 years from their date, may bear interest from their date at such rate or
rates payable at such times, may be payable at such place or places within or without the
state, may be sold at such time or times and in such manner, whether publicly...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-9-22.htm - 2K - Match Info - Similar pages
11-92-7
Section 11-92-7 Warrants - Security for payment of principal and interest. (a) The governing
body of any participant may assign and specially pledge any tax or any part thereof for the
payment of the principal of and interest on warrants. (b) To the extent necessary to make
the payment of the principal of and interest on the warrants, any tax or sales proceeds so
pledged shall constitute a trust fund which shall be impressed with a lien in favor of the
holders of such warrants. If, pursuant to this section, more than one pledge is made
of any tax, then the pledges shall take precedence in the order that they are made, unless
the proceedings making the pledge shall provide that it shall be on a parity or subordinate
to a subsequent pledge. All warrants benefitting from a pledge shall constitute preferred
claims against the tax or sales proceeds pledged, subject to any prior pledges existing at
the time of issuance of the warrants, and shall have preference over claims incurred by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92-7.htm - 1K - Match Info - Similar pages
11-86A-16
Section 11-86A-16 Application of proceeds from the sale of bonds; source of payment;
pledge of county's or municipality's credit; negotiability; exemption from taxation; pledge
as security for funds belonging to a public person; investment in bonds by fiduciaries; no
public hearing required; investment in bonds by Teachers' Retirement System of Alabama, the
Employees' Retirement System of Alabama, and the State Insurance Fund; investment in bonds
by public persons. (a) The proceeds from the sale of any bonds shall be applied as provided
in the proceedings in which the bonds are authorized to be issued, including, without limitation,
the payment of all legal, fiscal, and recording fees and expenses incurred in connection with
the authorization, sale, and issuance of the bonds and, if provided in the proceedings authorizing
their issuance, interest on the bonds (or if only a part of any issue of bonds is issued for
acquisition purposes, interest on that portion of the bonds of that issue...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-86A-16.htm - 3K - Match Info - Similar pages
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