23-1-316
Section 23-1-316 Payment by State Treasurer of principal and interest on bonds and notes;
maintenance of records pertaining thereto. Out of the revenues appropriated and pledged and
the sinking fund provided pursuant to Sections 23-1-314 and 23-1-315, the State Treasurer
is authorized and directed to pay the principal of and interest on the obligations issued
by the authority under this article at the respective maturities or due dates of said principal
or interest, and he is further authorized and directed to set up and maintain appropriate
records pertaining thereto. (Acts 1976, No. 565, p. 764, §18.)...
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41-10-370
Section 41-10-370 Payment of principal and interest on bonds and maintenance of records
pertaining thereto by State Treasurer. Out of the revenues appropriated and pledged in Section
41-10-365 of this article, the State Treasurer is authorized and directed to pay the principal
of and interest on the bonds at the respective maturities of the said principal and interest,
and he is further authorized and directed to set up and maintain appropriate records pertaining
thereto. In the event that the State Treasurer designates any bank as the paying agent with
respect to any bonds, the State Treasurer shall make available to such bank, not later than
one business day prior to the date on which any principal of or interest on such bonds is
due and payable, funds sufficient to pay such principal and interest due on such date. (Acts
1988, No. 88-475, p. 739, §21.)...
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16-16-12
Section 16-16-12 Payment of principal and interest on bonds. Out of the revenues appropriated
and pledged in Section 16-16-1, the State Treasurer is hereby authorized and directed
to pay the principal of and interest on the bonds issued by the authority under the provisions
of this chapter, as such principal and interest shall respectively mature, and the State Treasurer
is further authorized and directed to set up and maintain appropriate records pertaining thereto.
(Acts 1965, 1st Ex. Sess., No. 243, p. 331, §12.)...
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37-7-18
Section 37-7-18 Charges for services rendered. A corporation formed under this chapter
shall have power to charge reasonable fees, rents, tolls, prices and other charges for service
rendered which shall be sufficient at all times to pay all operating and maintenance expenses
necessary or desirable for the prudent conduct and operation of its business and the principal
of and interest on such obligations as the corporation may have issued or assumed in the performance
of the purpose for which it was formed, and the revenues and receipts of a corporation shall
first be devoted to such operating and maintenance expenses and to the payment of such principal
and interest and thereafter to such reserves for improvement, new construction, depreciation
and contingencies as the board may from time to time prescribe. Revenues and receipts not
needed for these purposes shall be returned to the members, either in cash or in payment of
past due or current charges for energy, as the board may...
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11-81-16
Section 11-81-16 Pledge of revenues from certain taxes, utilities, etc., for payment
of principal and interest on bonds. In any case in which a county or municipality may hereafter
issue any bonds which are general obligations of such county or municipality, there may be
pledged to the payment of the principal of an interest on such bonds all or any part or portion
of funds which may be derived from any one or more of the following sources and which shall
not be required for the purpose of making good any valid pledge thereof theretofore made or
which are not required by the Constitution to be devoted to other purposes and which such
county or municipality may at any time be authorized to levy, collect or receive: (1) The
proceeds of any property tax; (2) The proceeds of any license, privilege or occupational tax,
excepting such license taxes as may be levied by municipalities for conducting business outside
their corporate limits; (3) The portion of any license, privilege or...
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11-81-180
Section 11-81-180 Appointment of receiver upon default in payment of principal and interest
on bonds; powers of receiver. If there shall be any default in the payment of the principal
of or interest upon any bonds issued under this article, any court having jurisdiction in
any proper civil action may appoint a receiver to administer and operate the system or systems
out of the revenues from which such bonds are payable with power to fix and charge rates and
collect revenues sufficient to provide for the payment of such bonds and any other obligations
outstanding against said system or systems or the revenues therefrom and for the payment of
the expenses of operating and maintaining such system or systems and with power to apply the
income and revenues of said system or systems in conformity with this article and the authorizing
proceedings and any trust indenture provided for therein. (Acts 1933, Ex. Sess., No. 102,
p. 88; Code 1940, T. 37, §315; Acts 1955, No. 494, p. 1127, §7.)...
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41-10-31
Section 41-10-31 Payment of principal and interest on bonds and maintenance of records
pertaining thereto by State Treasurer. Out of the revenues appropriated and pledged in Section
41-10-30, the State Treasurer is hereby authorized and directed to pay the principal of and
interest on the bonds issued by the authority under the provisions of this article, as said
principal and interest shall respectively mature, and the State Treasurer is further authorized
and directed to set up and maintain appropriate records pertaining thereto. (Acts 1965, No.
662, p. 1187, §12.)...
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41-10-65
Section 41-10-65 Payment of principal and interest on bonds and maintenance of records
pertaining thereto by State Treasurer. Out of the revenues referred to in Section 41-10-64,
the State Treasurer is authorized and directed to pay the principal of and interest on the
bonds issued by the authority under the provisions of this chapter as such principal and interest
shall respectively mature, and he is further authorized and directed to set up and maintain
appropriate records pertaining thereto. (Acts 1973, No. 1210, p. 2032, §14.)...
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45-30-250.07
Section 45-30-250.07 Contracts of the authority. (a) As security for payment of the
principal of and interest on bonds or obligations assumed by it, the authority may enter into
any contract binding itself for the proper application of the proceeds of bonds and other
funds, for any of the following purposes: (1) The continued operation and maintenance of any
water system owned by it, or any part or parts thereof. (2) The imposition and collection
of reasonable rates for, and the promulgation of reasonable regulations respecting any service
furnished from any system or facility. (3) The disposition and application of its gross revenues
or any part thereof. (4) Any other act or series of acts necessary for the protection of the
bonds and other obligations being secured and the assurance that the revenues from the system
or facility shall be sufficient to operate and maintain the system or facility, pay the principal
of and interest on any bonds payable from the revenues, and maintain...
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9-14A-2
Section 9-14A-2 Legislative findings. The Legislature hereby finds and declares that
it is necessary, desirable and in the public interest that the state parks system, public
historical sites, and public historical parks be maintained and improved. It is the intention
of the Legislature by the passage of this chapter to authorize the formation of two public
corporations for the purposes of providing for the acquisition, provision, construction, improvement,
renovation, equipping, and maintenance of the state parks system, public historical sites,
and public historical parks, and to authorize the corporations to provide for payment of the
costs of accomplishing the stated purposes by implementing Amendment 617 to the Constitution
of Alabama of 1901 authorizing the issuance by the state of up to $110,000,000 in aggregate
principal amount of general obligation bonds, which amendment was proposed by Act 98-413 and
ratified by the electors of the state at the 1998 General Election, and by...
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