Code of Alabama

Search for this:
 Search these answers
71 through 80 of 3,024 similar documents, best matches first.
<<previous   Page: 4 5 6 7 8 9 10 11 12 13   next>>

11-58-10
Section 11-58-10 Refunding bonds. Any bonds issued by a corporation organized under this chapter
and at any time outstanding may at any time and from time to time be refunded by the corporation
by the issuance of its refunding bonds in such amount as the board of directors may deem necessary
but not exceeding the principal amount of the bonds to be refunded, any expenses estimated
to be incurred in connection with such refunding and interest (accrued or to accrue) to the
respective maturities of the bonds to be refunded or, if the bonds to be refunded are to be
called for redemption, either on the earliest date on which under their terms they may be
redeemed or some other date or dates, the interest (accrued or to accrue) on the bonds to
be refunded to the date or dates on which they are to be called for redemption plus the amount
of any redemption premium required by their terms to be paid as a condition to their redemption
prior to their respective maturities. Any such refunding may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-58-10.htm - 2K - Match Info - Similar pages

41-10-501
Section 41-10-501 Sale and issuance of refunding bonds. The authority may, from time to time,
sell and issue its refunding bonds, without limitation as to principal amount, for the purpose
of refunding any matured or unmatured bonds of the authority at the time outstanding and paying
any premiums necessary to be paid to redeem any such bonds so to be refunded and all expenses
incurred in connection therewith. Such refunding bonds shall be subrogated and entitled to
all priorities, rights and pledges to which the bonds refunded thereby were entitled. (Acts
1990, No. 90-603, p.1094, §12.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-501.htm - 902 bytes - Match Info - Similar pages

9-9-37
Section 9-9-37 Bonds - Issuance. The board of water management commissioners may issue bonds
of the water management district from time to time for an amount equal in the aggregate to
the total cost of the improvement including all preliminary organization and administration
expenses not heretofore provided for, less such amounts as shall have been paid in cash to
the district treasurer. In no case, however, shall the par value of the bonds issued plus
such amounts as shall have been paid in cash to the district treasurer exceed 90 percent of
the aggregate of benefits assessed against the land or other property. The bonds shall be
numbered serially and shall bear interest not to exceed six percent per annum, payable semiannually,
and shall mature at annual intervals within 40 years commencing after a period of years not
later than five years to be determined by the board of water management commissioners, and
said bonds shall be signed by the president of the board of water management...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-9-37.htm - 3K - Match Info - Similar pages

11-50-105
Section 11-50-105 Use of proceeds to redeem bonds and coupons; disposition of excess. At any
time when the amount of any particular fund shall, with its accumulations, equal the amount
of outstanding bonds and accrued interest entitled to payment out of such fund, the council
shall have authority to redeem any and all such bonds that may be presented for redemption
at such time thereafter as the holders thereof may desire to present the same for redemption.
The excess, if any, when all bonds and coupons are redeemed and the interest thereon paid,
and not in excess of the total cost and expense of the purchase of such sewer or sewers or
sewer system, shall be converted into the general revenue fund of the city or town. (Acts
1923, No. 165, p. 134; Code 1923, §2118; Code 1940, T. 37, §643.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-105.htm - 1K - Match Info - Similar pages

11-81-113
Section 11-81-113 Grouping of improvements for issuance of bonds. Any municipality desiring
to issue bonds under this division shall have power to group improvements under two or more
improvement ordinances and make one issue of bonds under this division based on the combined
estimated costs or combined assessments in respect to such improvements. (Acts 1927, No. 478,
p. 534; Code 1940, T. 37, §301.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-113.htm - 712 bytes - Match Info - Similar pages

11-81-116
Section 11-81-116 Redemption of bonds. At any time when the amount of any particular fund shall,
with its accumulations, equal the amount of any one of the outstanding bonds and accrued interest
entitled to payment out of such fund, the governing body of such municipality shall have authority
to redeem any and all such bonds that may be presented for redemption at such times thereafter
as the holders thereof may desire to present the same for redemption. (Acts 1927, No. 478,
p. 534; Code 1940, T. 37, §304.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-116.htm - 821 bytes - Match Info - Similar pages

14-2-10
Section 14-2-10 Temporary loans in anticipation of issuance of bonds. In anticipation of issuance
of bonds under this chapter, the authority may, from time to time, borrow such sums as may
be needed, not exceeding $1,000,000.00 in aggregate principal amount, for any of the purposes
for which bonds are authorized to be issued under this chapter and in evidence of the moneys
so borrowed may issue its promissory notes. The authorized principal amount of notes that
may be issued under this section shall be reduced to the extent that bonds may be issued under
this chapter. The principal of and the interest on notes so issued may, from time to time,
be refunded by refunding notes or by bonds in anticipation of the issuance of which such notes
were issued. All such notes, whether initial issues or refunding issues, may bear interest
from their dates until their maturities at such rate or rates as may be deemed acceptable
by the board of directors, not to exceed 10 percent per annum, shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-2-10.htm - 1K - Match Info - Similar pages

33-2-182
Section 33-2-182 Authorization to issue refunding bonds. Subject to the provisions contained
in this article, the department may from time to time sell and issue its refunding bonds for
the purpose of refunding any or all of the outstanding bonds then outstanding, together with
any interest thereon whether due and unpaid at the time of issuance of such refunding bonds
or not, and with any premium that may be necessary to be paid in order to redeem or retire
those outstanding bonds proposed to be refunded. In the discretion of the department, with
the approval of the Governor, refunding bonds may be issued in exchange for outstanding bonds
or they may be sold and the proceeds thereof applied to the purchase, redemption or payment
of outstanding bonds. Refunding bonds to be issued in exchange for outstanding bonds may be
issued in such principal amount as the department shall determine. Refunding bonds to be sold
may be issued in such principal amount as shall be determined by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-182.htm - 2K - Match Info - Similar pages

11-81-142
Section 11-81-142 Authorization of acquisition, construction, etc., of undertaking taking and
issuance of bonds in anticipation of revenues. The acquisition, construction, reconstruction,
improvement, betterment or extension of any undertaking may be authorized under this division;
and, in anticipation of the revenues to be derived from such undertaking, bonds may be authorized
to be issued under this division to provide funds for such purpose or purposes by resolution
or resolutions of the governing body, which may be adopted at a regular or special meeting
and at the same meeting at which they are introduced by a majority of the members of the governing
body present at such meetings if a quorum is present. (Acts 1935, No. 154, p. 195; Code 1940,
T. 37, §343.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-142.htm - 1K - Match Info - Similar pages

2-6-110
Section 2-6-110 Bonds. The corporation is authorized to sell and issue its bonds, not exceeding
one hundred million dollars ($100,000,000), exclusive of refunding bonds, in aggregate principal
amount, and in any additional aggregate principal amounts as authorized by other acts of the
Legislature, for the purpose of providing funds for the project work and for payment of obligations
incurred for such purpose, as well as the payment of issuance expenses and the establishment
of a debt service reserve fund. (Act 2011-575, p. 1231, §12.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-110.htm - 847 bytes - Match Info - Similar pages

71 through 80 of 3,024 similar documents, best matches first.
<<previous   Page: 4 5 6 7 8 9 10 11 12 13   next>>