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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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-48-62.htm - 1K - Match Info - Similar pages
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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-92.htm - 1K - Match Info - Similar pages
37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-48-61.htm - 2K - Match Info - Similar pages
11-48-9
Section 11-48-9 Costs of proposed improvements specified; payment of portion thereof by council.
The council may pay out of the general funds of the city or town or any special fund that
may be provided for the purpose such portion of the cost of the proposed improvement as it
may deem proper. The cost of any improvement contemplated by this article shall include the
expense of the preliminary and other surveys, the inspection and superintendence of the work,
the preparation, publication, and mailing of the notices, resolutions, and ordinances required
by this article, the cost of construction, the printing of bonds, the interest on money borrowed
during construction, or on bonds when bonds have been issued in anticipation of the collection
of assessments, the preparation of proceedings authorizing the issuance of notes or bonds
under the provisions of this article, and the rendition of the approving opinions with respect
thereto and any other expenses necessary for the completion of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-48-9.htm - 1K - Match Info - Similar pages
11-81-166
Section 11-81-166 Revenue bonds - Authority for issuance; authorization proceedings generally;
form, terms, denominations, etc.; execution and delivery generally; maturity and sale; payment
generally; trust indentures. (a) Any borrower may issue its revenue bonds for the purpose
of: (1) Financing the acquisition, improvement, enlargement, extension and repair, or any
of them, of a system or systems; (2) Refunding the principal of and the interest on any bonds
of such borrower theretofore issued under this article and then outstanding, whether or not
such principal and interest shall have matured at the time of such refunding; or (3) Financing
any such acquisition, improvement, enlargement, extension and repair, or any of them, and
refunding any such principal and interest. (b) Any bonds issued under this article shall be
made payable solely out of the revenues from the operation of a system or systems of the borrower
and may be made payable from any such revenues without regard to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-166.htm - 5K - Match Info - Similar pages
11-48-11
Section 11-48-11 Notice, advertisement and letting of contract for improvements. (a) If the
council shall finally order the making of the proposed improvement or improvements, notice
shall be given asking for bids for such work, which notice shall describe in a general way
the character and approximate quantities of such work and the types of materials, including
alternates, if any, to be employed and shall be published once a week for two consecutive
weeks in a newspaper published in said city or town or, if there is no newspaper published
in said city or town, in a newspaper of general circulation therein. The date for receiving
bids as set out in said notice shall be not earlier than two weeks after the date of first
publication of said notice. The said municipal authorities must let the contract to the lowest
responsible bidder; provided, that if the lowest responsible bidder has not bid a satisfactory
price, the council may reject all bids and readvertise for bids in the same...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-48-11.htm - 2K - Match Info - Similar pages
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
22-21-149
Section 22-21-149 Bonds - Use of proceeds. (a) The proceeds derived from the sale of any bonds
sold by the authority, other than refunding bonds, shall be used only to pay the cost of acquiring,
constructing, improving, enlarging and equipping one or more projects, as may be provided
in the proceedings in which the bonds are authorized to be issued. Such cost shall be deemed
to include the following: (1) The cost of any land forming a part of such project or projects;
(2) The cost of the labor, materials and supplies used in any such construction, improvement
or enlargement, including architect's and engineer's fees and the cost of preparing contract
documents and advertising for bids; (3) The purchase price of, and the cost of, installing
equipment for such project or projects; (4) The cost of landscaping the lands forming a part
of such project or projects and of constructing and installing roads, sidewalks, curbs, gutters,
utilities and parking places in connection therewith; (5)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-149.htm - 2K - Match Info - Similar pages
22-3A-15
Section 22-3A-15 Disposition of proceeds of bonds; Public Health Facilities Building Fund;
powers of authority; improvement and construction defined; supervision; bidding. (a) The proceeds
of the bonds, other than refunding bonds, remaining after paying the expenses of their sale
and issuance shall be turned in to the State Treasury and all income derived from the investment
of said proceeds (including income from the investment of proceeds held in the Debt Service
Reserve Fund to the extent provided in the resolution, trust indenture or other documents
pursuant to which the bonds shall be issued) shall be carried in a special fund to be designated
the Public Health Facilities Building Fund, and shall be subject to be drawn on by the authority
for the purpose of paying the costs of acquiring, constructing, improving and equipping such
public health facilities in the state as shall be determined by the authority. Subject to
the provisions of Section 22-3A-19, the authority shall have...
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