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11-8A-1
Section 11-8A-1 Definitions. As used in this chapter, the following words shall have the following
meanings: (1) BOND FINANCING AGREEMENT. An agreement or other document relating to the sale
or issuance of bonds including, but not limited to, a bond purchase agreement, a loan agreement,
a refinancing agreement, or documents providing for bonds sold or issued on a competitive
sale basis. (2) BONDS. Bonds, bond anticipation notes, warrants, warrant anticipation notes,
or indebtedness issued or entered into on behalf of the county or by the county commission
for a term of at least three years or more. (3) BUSINESS DAY. A day, other than a Saturday
or a Sunday, on which commercial banking institutions are open for business in the State of
Alabama and a day on which the payment system of the Federal Reserve System is operational.
(4) CAPITAL EXPENDITURE. Any cost or expense of a type that is properly chargeable to a capital
account under general federal income tax principles. (5) GENERAL...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-8A-1.htm - 2K - Match Info - Similar pages
41-1-8
Section 41-1-8 Issuance of securities with facsimile signatures of officers and facsimile of
corporate seal. (a) In any instance where any bond, warrant, note, certificate of indebtedness
or other security 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 and is required or permitted to be
executed, attested, registered other than as to ownership or authenticated by one or more
of its officers or other persons, a facsimile of the signature of any one or more of the officers
or persons executing, attesting, registering or authenticating the same may be imprinted or
reproduced on such security if such security is required to be authenticated by the manual
signature of the duly designated registrar of such securities, or an authorized officer of
such registrar. Any seal required or permitted to be affixed or impressed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-1-8.htm - 1K - Match Info - Similar pages
11-81-32
Section 11-81-32 Issuance of duplicates for lost, mutilated or destroyed bonds. Whenever it
shall be made to appear to the governing body of any municipality or county by clear and satisfactory
evidence that any bond of said municipality or county bearing interest has been lost, destroyed
or mutilated so that the same is not held by any person as his property, then such municipality
or county shall issue a duplicate of such lost, destroyed or mutilated bond in like amount,
bearing like interest and executed and marked in like manner as the bond so proved to have
been lost, destroyed or mutilated. But the owner of such lost, destroyed or mutilated bond
shall first execute a penal bond in double the amount of the bond sought to be replaced together
with the amount of interest which has or might thereafter accrue thereon with some surety
company qualified to do business in the State of Alabama, to be approved by the governing
body of said municipality or county and payable to said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-32.htm - 1K - Match Info - Similar pages
11-81-112
Section 11-81-112 Disposition of proceeds from sale. The proceeds from the sale of bonds authorized
to be issued by this division shall be applied only to the payment of the cost of the improvement
or improvements designated in the ordinance providing for their issue, but should there be
any surplus from any bond issue over and above such cost it shall be applied to the payment
of the principal of the bonds. (Acts 1927, No. 478, p. 534; Code 1940, T. 37, ยง300.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-112.htm - 774 bytes - Match Info - Similar pages
11-81-28
Section 11-81-28 Issuance, sale, etc., of negotiable notes in anticipation of sale of bonds.
Whenever bonds of any county or municipality shall have been authorized under this chapter
at any election or by the governing body thereof in cases where an election is not required,
such governing body may from time to time in anticipation of the sale of such bonds issue
negotiable notes of such county or municipality for the purpose for which such bonds shall
have been authorized and to an amount at any time outstanding not exceeding the maximum authorized
amount of such bonds. Such notes shall be general obligations of the issuing county or municipality,
shall be signed as the governing body may prescribe, shall be made payable as the governing
body may determine, not later than 12 months from their respective dates, and may be refunded
from time to time by the issue of new negotiable notes under this section; provided, that
no such refunding shall be effected which shall extend the final...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-28.htm - 2K - Match Info - Similar pages
37-5-6
Section 37-5-6 Bonds - Authorization to issue; manner of issuance; repurchase; interim receipts,
etc. Each district shall have power and is authorized from time to time to issue its negotiable
bonds in anticipation of the revenues from an enterprise. Said bonds may be issued for any
corporate purpose or purposes of such district. Said bonds shall be authorized by resolution
of the board of such district and may be issued in one or more series, may bear such date
or dates, mature at such time or times not exceeding 40 years from their respective dates,
bear interest at such rate or rates, not exceeding six percent per annum, payable semiannually,
be in such denominations, be in such form, either coupon or registered, be executed in such
manner, be payable in such medium of payment, at such place or places and be subject to such
terms of redemption, with or without premium, be declared or become due before the maturity
date thereof, as such resolution or resolutions may provide. Said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-5-6.htm - 2K - Match Info - Similar pages
45-37-90.08
Section 45-37-90.08 Authority to borrow money; promissory notes. Each civic center authority
heretofore or hereafter incorporated in any county having a population of more than 500,000,
according to the last or any subsequent federal census, pursuant to Sections 45-37-90 to 45-37-90.07,
inclusive, is hereby granted the power and authority, in addition to the power and authority
heretofore granted by act of the Legislature or by amendment to the constitution, to borrow
money from time to time for any corporate purpose and to issue its negotiable promissory note
or notes to mature not later than three years from date of issue, as evidence of its obligation
to repay the money so borrowed, with interest thereon, such notes to be payable solely (1)
from one or more of the sources from which bonds authorized by Sections 45-37-90 to 45-37-90.07,
inclusive, or by Amendment 280 to the Constitution of Alabama of 1901, are payable and, if
the note or notes shall be issued to provide funds for a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-90.08.htm - 2K - Match Info - Similar pages
11-50A-18
Section 11-50A-18 Revenues of authority; rates; assignment to trustee; use of revenues. (a)
For the purpose of earning sufficient revenues to make possible the payment of all ownership
costs of the authority relating to any project, the authority is authorized, empowered and
directed to fix and revise rates and collect fees, tolls, and other charges with respect to
each project which it shall cause to be acquired or constructed. Such rates, fees, tolls,
and other charges to be paid for the output, capacity, use or service of each project and
other resources of the authority shall be so fixed and adjusted from time to time as to provide
funds at least sufficient with other revenues, if any, of the authority and of each of its
projects: (1) To pay the costs of operating, maintaining, leasing, repairing, and disposing
of projects, including reserves for insurance and extraordinary repairs, reserves for renewals
and replacements, reserves for fuel, reserves for working capital, reserves...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-18.htm - 4K - Match Info - Similar pages
11-81-172.1
Section 11-81-172.1 Revenue bonds - Issuance of bonds for refunding of principal of general
or limited obligation warrants, etc. Any county or incorporated municipality in the State
of Alabama may issue revenue bonds under the provisions of this article not only for the purposes
specified in Section 11-81-166, but also for the purpose of refunding the principal of any
outstanding general or limited obligation warrants of any such county or incorporated municipality
that were issued (directly or indirectly) for the purpose of financing the acquisition, improvement,
enlargement, extension or repair of any waterworks system, gas system, electric system or
sanitary sewer system or that were issued to refund any general or limited obligation warrant
or warrants initially issued by such county or incorporated municipality (directly or indirectly)
for the purpose of financing the acquisition, improvement, enlargement, extension or repair
of any waterworks system, gas system, electric system...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-172.1.htm - 1K - Match Info - Similar pages
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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