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11-48-61
Section 11-48-61 Making of temporary loans or issuance of bonds during progress of work to
pay for cost of improvement. (a) For the purpose of providing funds to pay the cost of any
improvement made under the provisions of this article, the governing body of any municipality
may: (1) Borrow money temporarily on the faith and credit of the municipality, executing its
negotiable note therefor, which negotiable note may not run longer than a period of one year;
or (2) Issue bonds within the limitations prescribed by the Constitution. (b) Such temporary
loan or issue of bonds may be made before the contract is let for the improvements or during
the progress of the work, in installments as the work progresses, and the making of one loan
or the issue of one series of bonds shall not exhaust the power of the municipality to provide
sufficient funds for the completion of the improvement. The municipality may pledge as security
for such loan, whether evidenced by negotiable notes or bonds, the...
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11-88-91
Section 11-88-91 Execution of short term notes or issuance of bonds by authority prior to letting
of contract or during progress of work on improvement generally. For the purpose of providing
funds to pay the cost of any improvement made under the provisions of this article, the cost
of which, in whole or in part, is proposed to be assessed against the property drained, served,
and benefited by the improvements being provided, the authority may borrow money temporarily,
executing its negotiable note therefor, which note may not run longer than a period of one
year, or issue bonds. Such temporary note or issue of bonds may be made before the contract
is let for the improvements or during the progress of the work, in installments as the work
progresses, and the making of one loan or the issue of one series of bonds shall not exhaust
the power of the authority to provide sufficient funds for the completion of the improvement.
The authority may pledge as security for such loan, whether...
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37-11A-1
by the Governor, or upon its otherwise becoming a law, and when the State of Mississippi ratifies
the compact. Article III. For purposes of this compact, the following terms shall have the
following meanings: (1) Person means an individual, a corporation, a partnership, or any other
entity. (2) Railroad means a common carrier by railroad as defined in Section 1(3) of Part
I of the Interstate Commerce Act [codified as 49 U.S.C. §1(3)]. (3) Railroad properties and
facilities mean any real or personal property or interest in property which is owned,
leased, or otherwise controlled by a railroad or other person, including, without limitation,
the authority, and which are used or are useful in rail transportation service, including,
without limiting the generality of the foregoing: a. Track, roadbed, and related structures,
including rail, ties, ballast, other track materials, grading, tunnels, bridges, trestles,
culverts, elevated structures, stations, office buildings used for operating...
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7-9A-102
term includes: (A) proceeds to which a security interest attaches; (B) accounts, chattel paper,
payment intangibles, and promissory notes that have been sold; and (C) goods that are the
subject of a consignment. (13) "Commercial tort claim" means a claim arising in
tort with respect to which: (A) the claimant is an organization; or (B) the claimant is an
individual and the claim: (i) arose in the course of the claimant's business or profession;
and (ii) does not include damages arising out of personal injury to or the death
of an individual. (14) "Commodity account" means an account maintained by a commodity
intermediary in which a commodity contract is carried for a commodity customer. (15) "Commodity
contract" means a commodity futures contract, an option on a commodity futures contract,
a commodity option, or another contract if the contract or option is: (A) traded on or subject
to the rules of a board of trade that has been designated as a contract market for such a
contract...
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11-48-62
Section 11-48-62 Issuance of bonds after completion of work. If bonds have not been issued
during the progress of the work as authorized by Section 11-48-61, the municipality may, after
completion of the work, sell and issue bonds not exceeding an amount sufficient to pay the
then outstanding principal of and interest on any temporary loans made pursuant to the provisions
of said Section 11-48-61 to finance all or part of the improvement, plus such portion of the
cost of the improvement, computed in accordance with Section 11-48-9, as has not been financed
by any such temporary loan then outstanding and unpaid. In determining the amount of bonds
so to be issued, the council shall take into consideration to the extent practicable the amount
which at the time of the authorization of the sale of the bonds has been paid by the property
owners toward the cost of the improvement. (Code 1907, §1409; Acts 1921, Ex. Sess., No. 53,
p. 71; Code 1923, §2224; Acts 1927, No. 639, p. 753; Code...
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11-81-110
Section 11-81-110 Issuance generally; pledge of proceeds of assessments, etc., as security
for payment. (a) For the purpose of providing funds to pay the cost of street and sidewalk
improvements, sanitary or storm water sewers or sewer systems, including treatment and disposal
plants and water service connections, or other improvements, whether of a like or any different
kind, the cost of which, in whole or in part, is proposed to be assessed against the property
abutting on said street or sidewalk improved or drained, serviced or benefited by such sanitary
or storm water sewer or sewer system or water service connection or served, improved, increased
in value or otherwise specially benefited by such improvement, for which purpose the Constitution
may now or hereafter permit the issuance of bonds without an election, the governing body
of any municipality may, without an election, from time to time, issue bonds of such municipality
not in excess of the cost of the improvements as...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-110.htm - 2K - Match Info - Similar pages
11-92C-8
in Chapter 93 of this title for the purpose of limiting the damages for which the authority
may be liable. (3) To adopt and make use of a corporate seal and to alter the seal at its
pleasure. (4) To adopt and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, whether by purchase, construction, exchange, gift, lease, or otherwise,
and to refinance existing indebtedness on, improve, maintain, equip, and furnish one or more
projects, including all real and personal properties which the board of the authority
may deem necessary in connection therewith, regardless of whether or not the projects shall
then be in existence. (6) To lease to others any or all of its projects and to share and collect
rent thereof, and to terminate any lease upon the failure of the lessee to comply with any
of the obligations thereof. (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its properties if...
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41-10-44.2
trades and businesses as the same may be hereafter reclassified in any subsequent publication
of the Standard Industrial Classification Manual. (4) JOB DEVELOPMENT FEE. The amount permitted
to be withheld by an approved company from the gross wages of the employees at a project pursuant
to the provisions of this article. (5) MAJOR PROJECT. Any project the capital cost of which
is expected to equal or exceed $100,000,000. (6) PROJECT. Any land, building or other improvement,
and all real and personal properties deemed necessary or useful in connection therewith,
whether or not now in existence, which shall be located in the state and shall be acquired,
constructed, expanded or installed for use by an approved company as an industrial or research
enterprise. (7) PROJECT COSTS. All costs and expenses incurred by the authority or an approved
company in connection with the acquisition, construction, installation and equipping of a
project, including, without limitation, each of the...
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41-10-541
such obligations, and which meet the greater of 100% collateralization or the "AA"
collateral levels established by Standard & Poor's Rating Group for structured financings;
and h. Uncollateralized investment agreements with, or certificates of deposit issued by banks
or bank holding companies, the senior long-term securities of which are rated at least "AA"
by Standard & Poor's Rating Group and at least "Aa" by Moody's Investors Service.
(11) FINANCED PROPERTY. All property whether real, personal, or mixed, the costs of
which were or are to be paid or reimbursed in whole or in part with the proceeds of bonds
of the authority or the proceeds of authority-guaranteed obligations. (12) FINANCING AGREEMENT.
Any loan, lease, agreement, grant agreement, financing agreement, credit agreement, security
agreement, mortgage, indenture, guaranty agreement, or other type of agreement entered into
by the authority in connection with the incurring of authority obligations. (13) FUNDING AGREEMENT....
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11-88-92
Section 11-88-92 Issuance of bonds by authority after completion of work on improvement. If
bonds have not been issued during the progress of the work as authorized by Section 11-88-91,
the authority may, after the completion of the work, sell and issue bonds not exceeding an
amount sufficient to pay the then outstanding principal of and interest on any temporary loans
made pursuant to the provisions of the said Section 11-88-91 to finance all or part of the
improvement, plus such portion of the cost of the improvement, computed in accordance with
Section 11-88-50, as has not been financed by any such temporary loan then outstanding and
unpaid. In determining the amount of bonds so to be issued, the board shall take into consideration,
to the extent practicable, the amount which at the time of the authorization of the sale of
such bonds has been paid by the property owners toward the cost of the improvement. (Acts
1973, No. 826, p. 1293, §53.)...
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