11-50-263
Section 11-50-263 Execution, etc., of contracts as security for repayment of moneys borrowed.
In addition and for the further security of the lender, any waterworks board which has borrowed
money under the authority of this division may enter into a contract or contracts with the
lender binding itself for the proper application of money borrowed from such lender and for
the operation and maintenance of any such gas plant and system, or any one or more of them
or any part or parts thereof, and for the imposition, collection, safeguarding, and application,
disposition, and remittance of reasonable rates for gas supply and service and for the promulgation
of reasonable regulations relating to rates and services and for any other act, series of
acts, duty, or thing not inconsistent with the provisions of this division and the law relating
to such corporation for the protection of the loan and the assurance of a reasonable return
upon the properties in which such loan is invested, out of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-263.htm - 1K - Match Info - Similar pages

11-81-204
Section 11-81-204 Contracts for security of lender; limitation as to charges for electric energy
and service by counties or municipalities. (a) In addition and for the further security of
the lender, any such county or municipal corporation which has borrowed money under the authority
of this article may enter into a contract with the lender binding itself for the proper application
of money borrowed from such lender and for the operation and maintenance of any such plants,
or any one or more of them or any part or parts thereof, and for the imposition, collection,
safeguarding, application, disposition and remittance of reasonable rates for energy supply
and services, and for the promulgation of reasonable regulations relating to rates and services
and for any other act, series of acts, duty or thing not inconsistent with the provisions
of this article for the protection of the lender's loan and the assurance of a reasonable
return upon the properties in which the proceeds of such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-204.htm - 1K - Match Info - Similar pages

11-50-236
Section 11-50-236 Execution, etc., of contracts as security for repayment of moneys borrowed.
To further secure the repayment of any money borrowed by it, such corporation may enter into
a contract or contracts binding itself for the proper application of the money borrowed, for
the continued operation and maintenance of any system or systems owned by it, or any part
or parts thereof, for the imposition and collection of reasonable rates for and the promulgation
of reasonable regulations respecting any service furnished from its system or systems (including
the furnishing of water, sewer service, and any other services), for the disposition and application
of its gross revenues or any part thereof and for any other act or series of acts not inconsistent
with the provisions of this division for the protection of the loan and the assurance that
the revenues from its system or systems will be sufficient to operate such system or systems,
maintain the same in good repair and in good...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-236.htm - 1K - Match Info - Similar pages

11-50-315
Section 11-50-315 Execution, etc., of contracts as security for repayment of moneys borrowed.
To further secure the repayment of any money borrowed by it such corporation may enter into
a contract or contracts binding itself for the proper application of the money borrowed, for
the continued operation and maintenance of any system or systems owned by it or any part or
parts thereof, for the imposition and collection of reasonable rates for and the promulgation
of reasonable regulations respecting any service furnished from its system or systems, for
the disposition and application of its gross revenues or any part thereof, and for any other
act or series of acts not inconsistent with the provisions of this article for the protection
of the loan and the assurance that the revenues from its system or systems will be sufficient
to operate such system or systems, maintain the same in good repair and in good operating
condition, pay the principal of and interest on any bonds payable from...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-315.htm - 1K - Match Info - Similar pages

11-50-407
Section 11-50-407 Provisions in mortgages, deeds of trust, etc., executed as security for bonds
as to rights of parties thereto, etc.; execution, etc., of contracts as security for repayment
of moneys borrowed. (a) Any mortgage, deed of trust or pledge agreement made by any district
incorporated under this article for the security of any of its bonds or to define the rights,
remedies and privileges of the holders of such bonds and the duties of the district to such
holders may contain such agreements, obligations, covenants and provisions as the board of
directors may deem advisable respecting the operation and maintenance of the gas system or
systems and the collection and application of the revenues subject to such mortgage, deed
of trust or pledge agreement and respecting the rights and duties of the parties to such instrument
or the parties for the benefit of whom such instrument is made, with it being expressly provided
that any such mortgage or deed of trust may be subject to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-407.htm - 2K - Match Info - Similar pages

11-50-264
Section 11-50-264 Issuance, sale, etc., of bonds and refunding bonds of board; terms, denominations,
taxation, etc., thereof; charge, application, etc., of revenues from system to payment of
indebtedness; vesting of title to system in municipality upon payment of all indebtedness.
(a) Any waterworks board which borrows money under the authority of this division may evidence
the loan by revenue bonds in such form and of such tenor and maturities as may be agreed upon
between the lender and the board. Any such bonds so issued may thereafter from time to time
be refunded by the issuance by sale or exchange of refunding bonds at such times and in such
form and of such tenor and maturities as may be agreed on by the board and the holders of
the bonds so refunded if such refunding is by exchange and as may be determined by the board
if such refunding is by sale of refunding bonds. Such waterworks board may restrict the source
of payment of such bonds and the security given therefor to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-264.htm - 3K - Match Info - Similar pages

40-27-1
a tax measured in any way by the capital of a corporation considered in its entirety. 6. "Gross
receipts tax" means a tax, other than a sales tax, which is imposed on or measured by
the gross volume of business, in terms of gross receipts or in other terms, and in the determination
of which no deduction is allowed which would constitute the tax an income tax. 7. "Sales
tax" means a tax imposed with respect to the transfer for a consideration of ownership,
possession or custody of tangible personal property or the rendering of services measured
by the price of the tangible personal property transferred or services rendered and
which is required by state or local law to be separately stated from the sales price by the
seller, or which is customarily separately stated from the sales price, but does not include
a tax imposed exclusively on the sale of a specifically identified commodity or article or
class of commodities or articles. 8. "Use tax" means a nonrecurring tax, other than
a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-27-1.htm - 42K - Match Info - Similar pages

45-37A-54.67
shall have the power to borrow money and to issue revenue bonds as evidence of any money so
borrowed, which bonds shall be payable solely from the revenues derived from the fairs, exhibitions,
amusements, and other activities and enterprises in which the authority is hereby authorized
to engage. As security for any money so borrowed, together with interest thereon and any obligations
incurred or assumed, the authority may mortgage, pledge, or otherwise transfer and convey
its real, personal, and mixed property, or any part or parts thereof, whether then
owned or thereafter acquired, including any franchises then owned or thereafter acquired,
and all or any part of the revenues derived from the fairs, exhibitions, amusements, and other
activities and enterprises in which the authority is hereby authorized to engage. The instrument
whereunder such mortgage or pledge shall be made may contain such agreements as the authority
shall deem advisable respecting the rights and duties...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-54.67.htm - 3K - Match Info - Similar pages

5-25-2
Section 5-25-2 Definitions. For purposes of this chapter, the following terms shall have the
following meanings: (1) BORROWER. A natural person who submits an application for a loan secured
by a first or subordinate mortgage or deed of trust on a single-family to four-family home
to be occupied by the borrower as the borrower's primary residence. (2) COMMITMENT. A written
statement by a lender that sets forth the terms and conditions upon which the lender is willing
to make a particular mortgage loan to a particular borrower. A good faith estimate provided
under the Federal Real Estate Settlement Procedures Act is not a commitment for the purposes
of Act 2009-624. (3) CONTROL. The direct or indirect possession of the power to direct or
cause the direction of the management and policies of a person, whether through the ownership
of voting securities, by contract, or otherwise, and shall include the terms controlling,
controlled by, and under common control with. (4) DEPARTMENT. The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-25-2.htm - 4K - Match Info - Similar pages

23-7-20
Section 23-7-20 Securing of bonds - Trust indenture. (a) Bonds may be secured by a trust indenture
between the bank and a corporate trustee, which may be the State Treasurer or any bank having
trust powers or any trust company doing business in this state. A trust indenture may contain
provisions for protecting and enforcing the rights and remedies of the bondholders which are
reasonable and proper, including covenants setting forth the duties of the bank in relation
to the exercise of its powers and the custody, safekeeping, and application of its money.
The bank may provide by the trust indenture for the payment of the proceeds of the bonds and
all or any part of the revenues of the bank to the trustee under the trust indenture or to
some other depository, and for the method of its disbursement with safeguards and restrictions
prescribed by it. All expenses incurred in performing the obligations of the bank under the
trust indenture may be treated as part of its operating expenses....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-7-20.htm - 3K - Match Info - Similar pages