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45-49-90.08
Section 45-49-90.08 Bonds of the corporation. (a) All bonds issued by the corporation shall
be payable solely out of the revenues and receipts derived from the leasing or sale by the
corporation of its industrial sites or of any thereof as may be designated in the proceedings
of the board of directors under which the bonds shall be authorized to be issued. (b) Such
bonds may be executed and delivered by the corporation at any time and from time to time,
may be in such form and denominations and of such tenor and maturities, may be in registered
or bearer form either as to principal or interest or both, may be payable at such time or
times, not exceeding 40 years from the date thereof, may be payable at such place or places
whether within or without the State of Alabama, may bear interest at such rate or rates payable
at such time or times and at such place or places and evidence in such manner, may be executed
by such officers of the corporation and in such manner and may contain such...
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11-88-94
Section 11-88-94 Form, terms, denominations, etc., of notes issued under article; sale, exchange,
etc., generally; sale price; applicability of certain other provisions of law. Any notes or
bonds issued under this article may be secured by a pledge of the assessments made with respect
to the improvement being financed. They may be made payable at such place or places within
or without the State of Alabama as the board may designate. Any such bonds shall be payable
in annual installments beginning one year and ending 10 years from their date, the amount
of no annual installment to exceed the amount of any other annual installment by more than
$5,000.00. Such bonds may either be sold as provided in Section 11-88-95 or may be delivered
at not less than par plus accrued interest to the contractor in payment or part payment for
the work of the improvements. The bonds may be issued either in registered or coupon form
and, if in coupon form, they may be made registrable either as to principal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-94.htm - 1K - Match Info - Similar pages
23-1-310
Section 23-1-310 Bonds and notes - Issuance and sale generally. Obligations of the authority
may be sold at either public or private sale in such manner and at such price or prices and
at such time or times as may be determined by the board of directors to be most advantageous;
provided, that none of the obligations may be sold for a price less than 97 percent of par
or face value. Approval by the Governor of Alabama of the terms and conditions under which
any of the obligations authorized by this article may be issued shall be requisite to their
validity, which approval, signed by the Governor, shall be entered on the minutes of the respective
meetings of the board of directors at which such obligations proposed to be issued are authorized.
Neither a public hearing or consent by the state Department of Finance nor any other department
or agency shall be a prerequisite to the issuance of any of the obligations. All obligations
issued by the authority shall be exempt from the laws of...
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11-54-179
Section 11-54-179 Bonds of authority generally. (a) Source of payment. All bonds issued by
an authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of and interest on any bonds issued by an authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-179.htm - 5K - Match Info - Similar pages
11-50-265
Section 11-50-265 Transfer of gas plant or system to waterworks board; sale or transfer of
plant or system by board to utility regulated by state Public Service Commission. (a) Every
city or town now or hereafter owning and operating a municipal gas plant or distribution system
and in which municipality a waterworks board is now or hereafter incorporated under the provisions
of Division 1 of this article is hereby authorized to transfer and convey such gas plant or
system or both to such waterworks board pursuant to the provisions of an ordinance theretofore
duly enacted by the governing body of such city or town and without the necessity of authorization
at an election of the qualified voters thereof; provided, that if at the time of such transfer
the city or town has outstanding any bonds or other obligations payable from or secured by
the revenues or earnings of such gas plant or system, it shall be incumbent upon the waterworks
board of such city or town to pay the amount thereof...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-265.htm - 2K - Match Info - Similar pages
16-16B-8
Section 16-16B-8 (Implementation Conditioned on Separate Legislative Enactment.) Refunding
bonds. For the purpose of refunding any Bonds or Refunding Bonds of the Authority issued under
the provisions of this chapter, the 1965 Act, the 1971 Acts, the 1973 Act, the 1978 Act, the
1985 Act, the 1990 Act, the 1995 Act, the 1998 Act, the 1999 Act, the 2001 Act, the 2002 Act,
the 2003 Act, the 2007 Act or any other act previously enacted, or any combination thereof,
whether such refunding shall occur before, at or after the maturity of the Bonds refunded
and for the purpose of paying all premiums and expenses of such refunding (including, but
not limited to, attorneys' fees, costs of printing the Refunding Bonds, fiscal agents' fees,
and accountants' fees), the Authority is hereby authorized to sell and issue its Refunding
Bonds. Such Refunding Bonds may be sold and issued from time to time, at public sale, on sealed
bids and on such other terms and conditions as the Authority shall...
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2-5A-30
Section 2-5A-30 Definitions. Whenever used in this article, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
BONDS. Those bonds, including the refunding bonds, issued under and pursuant to the provisions
of this article. (2) GOVERNMENT SECURITIES. Any bonds or other obligations which as to principal
and interest constitute direct obligations of, or are unconditionally guaranteed by, the United
States of America, including obligations of any federal agency to the extent such obligations
are unconditionally guaranteed by the United States of America and any certificates or any
other evidences of an ownership interest in such obligations of, or unconditionally guaranteed
by, the United States of America or in specified portions thereof, which may consist of the
principal thereof or the interest thereon. (3) PERMITTED INVESTMENTS. (i) Government securities;
(ii) bonds, debentures, notes or other evidences of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-5A-30.htm - 4K - Match Info - Similar pages
22-23B-2
Section 22-23B-2 Definitions. The following words and phrases, whenever used in this chapter,
shall have the following respective meanings unless the context clearly indicates otherwise:
AUTHORITY. The corporation organized pursuant to the provisions of this chapter as a public
corporation, agency and instrumentality of the state and known as the "Alabama Drinking
Water Finance Authority." AUTHORIZING RESOLUTION. A resolution, order or other proceedings
adopted by the board of directors of the authority authorizing the issuance of bonds, agreements
and related matters. BOARD OF DIRECTORS. The board of directors of the authority. BOND PROCEEDS.
The net proceeds of sale of bonds or notes, and the income derived from the investment of
such proceeds. BONDS. The bonds, notes or obligations or other evidences of indebtedness issued
by the authority under the provisions of this chapter. DEPARTMENT. The Alabama Department
of Environmental Management or any successor. FEDERAL ACT. The Act of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23B-2.htm - 6K - Match Info - Similar pages
23-1-307
Section 23-1-307 Bonds and notes - Authorization for issuance. The authority shall have the
power and is hereby authorized and empowered to sell and issue its bonds in order to provide
as soon as practicable the federal share of the cost of constructing federal aid projects
in anticipation of the receipt by the state of such federal portions as they become available
either during, upon or after completion of such construction. The authority shall have the
power, in addition to any other powers granted in this article, to borrow money for temporary
use for any of the purposes for which it is authorized by this article to issue bonds and,
in evidence of such borrowing, to issue from time to time temporary bonds or notes. Any such
temporary borrowing may be made in anticipation of the sale and issuance of bonds and in such
event the principal proceeds from the sale of such bonds shall, to the extent necessary, be
used for payment of the principal of and interest on the temporary bonds or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-307.htm - 1K - Match Info - Similar pages
11-88-95
Section 11-88-95 Notice of and sale or exchange of bonds. All bonds issued under this article,
except bonds issued to the contractor and except funding and refunding bonds issued by exchange
as provided in this section, shall be sold to the highest bidder at public sale; provided,
that if at a duly advertised public sale in accordance with this section no legal bid acceptable
to the governing body shall be received, then such bonds may be sold within 30 days thereafter
at private sale to the United States of America or to the State of Alabama. The public sale
shall be either on sealed bids or at auction. The notice of a public sale shall state whether
the sale is to be on sealed bids or at auction and shall also briefly recite the amount of
the bonds to be sold, the maturities thereof, the amount payable at each maturity, any redemption
or prepayment privileges, the frequency with which interest will be payable, either the rate
or rates of interest which the bonds are to bear or that...
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