|
11-50-345
Section 11-50-345 Issuance of revenue bonds authorized; form, terms, denominations,
etc.; execution, sale, etc.; disposition of proceeds from sale of bonds; issuance of interim
receipts or temporary bonds. (a) Any board of water and sewer commissioners created under
the provisions of this article is hereby authorized by resolution, at one time or from time
to time, to issue revenue bonds of the board for the purpose of paying all or any part of
the cost of any water system or sewer system or any combination thereof and the cost of any
improvements, extensions, and additions and for the purpose of refunding any bonds or obligations
assumed by the board in connection with the acquisition of such system or systems or part
thereof. The principal of and the interest on such bonds shall be payable solely from the
funds provided by this article for such payment. The bonds of each issue shall be dated, shall
bear interest at such rate or rates not exceeding 10 percent per annum, shall mature...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-345.htm - 4K - Match Info - Similar pages
11-50-405
Section 11-50-405 Bonds - Authorization for issuance; form, terms, denominations, etc.;
execution and delivery; sale; refunding and exchange; issuance of interim receipts or temporary
bonds. The bonds of a district incorporated under this article shall be authorized by resolution
of the board of directors of the district and may be issued in one or more series, may bear
such date or dates, mature at such time or times, bear interest at such rate or rates, be
in such denominations, be in such form, either coupon or registered or both, be executed in
such manner, be payable in such medium of payment, at such place or places, be nonredeemable
or subject to such terms of redemption, with or without premium and be subject to being declared
or becoming due before the maturity date thereof as such resolution or resolutions may provide.
Said bonds may be issued for money or property, either at public or private sale and for such
price or prices as the board of directors shall determine. Such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-405.htm - 3K - Match Info - Similar pages
23-2-147
Section 23-2-147 Bonds; issuance; forms; procedures, etc. (a) The authority is hereby
authorized to provide by resolution for the issuance of bonds of the authority for any of
its corporate purposes, including the refunding of its bonds. The principal of and the interest
on any issue of such bonds shall be payable solely from, and be secured by a pledge of, tolls
and other revenues of all or any part of the toll road, bridge, or tunnel project financed
in whole or in part with the proceeds of such issue or with the proceeds of bonds refunded
or to be refunded by such issue. The proceeds of any such bonds may be used or pledged for
the payment or security of the principal or of the interest on bonds, and for the establishment
of any or all reserves for such payment or security, or for other corporate purposes as the
authority may authorize in the resolution authorizing the issuance of bonds or in the trust
agreement securing the same. (b) The bonds of each issue shall be dated; shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-2-147.htm - 5K - Match Info - Similar pages
9-10-36
Section 9-10-36 Issuance of bonds; issuance of notes and renewal notes; redemption of
notes or bonds; liability on notes or bonds; disposition of proceeds from sale of bonds; issuance
of interim receipts, etc. (a) Any such corporation is hereby authorized to provide by resolution
for the issuance of bonds of the corporation for any of its corporate purposes, including
the refunding of its bonds. The principal of and the interest on any issue of such bonds shall
be payable solely from, and may be secured by a pledge of, tolls, rentals, sales receipts
and other revenues of all or any part of the project or projects financed in whole or in part
with the proceeds of such bond issue or with the proceeds of bonds refunded or to be refunded
by such issue. The proceeds of any such bonds may be used or pledged for the payment or security
of the principal or of the interest on bonds and for the establishment of any or all reserves
for such payment or security or for other corporate purposes as...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-10-36.htm - 5K - 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
16-18B-2
Section 16-18B-2 Definitions. Where used in this article the following words and terms
shall be given the following respective meanings unless the context hereof clearly indicates
otherwise: (1) AMENDMENT. The amendment to the constitution of the state authorizing the issuance
of the bonds. (2) CORPORATION. The public corporation authorized to be created by this article.
(3) BOARD OF DIRECTORS. The board of directors of the corporation. (4) BONDS. The bonds issued
under this article. (5) CODE. The Code of Alabama 1975, as amended. (6) 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18B-2.htm - 5K - Match Info - Similar pages
41-10-93
Section 41-10-93 Authority for issuance of bonds by corporation; liability upon bonds;
form, terms, denominations, etc.; redemption; sale; payment of expenses in connection with
authorization, sale and issuance; bonds to contain recital as to authority for issuance; bonds
to be deemed negotiable instruments. The corporation is authorized at any time and from time
to time to issue its interest-bearing revenue bonds for the purpose of acquiring, constructing,
improving, enlarging, completing and equipping one or more projects. The principal of and
interest on any such bonds shall be payable solely out of the rent, revenues and income derived
from the project with respect to which such bonds are issued. None of the bonds of the corporation
shall ever constitute an obligation or debt of the state, the county or the municipality or
a charge against the credit or taxing power of the state, the county or municipality. The
bonds of the corporation may be in such form and denomination, may be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-93.htm - 3K - Match Info - Similar pages
33-2-8
Section 33-2-8 General provisions relative to inland waterways improvement bonds and
temporary loans. In order to provide funds for the purposes herein authorized, the Governor
is hereby empowered to execute, with the concurrence of the director of state docks, and to
sell the state's bonds in such amounts, not exceeding in the aggregate the sum of $3,000,000.00
as may be necessary for said purposes, all under and subject to the following provisions:
Said bonds shall be appropriately designated as inland waterways improvement bonds of the
state. The bonds may be issued from time to time in one or more series and the bonds of each
series shall be payable in substantially equal annual installments of principal and interest
at such times as may be designated by the State Docks Department with approval of the Governor;
provided, that the first installment of principal of the bonds of each series must mature
not later than 10 years from the date of such series and the last installment of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-8.htm - 10K - Match Info - Similar pages
33-2-126
Section 33-2-126 General provisions relative to inland facilities bonds. In order to
provide funds for the purposes of this article, there are hereby authorized to be sold and
issued bonds of the state not exceeding $2,000,000.00 in aggregate principal amount, under
and subject to the provisions hereinafter set forth. The bonds shall be designated as inland
facilities bonds of the state. The bonds shall be general obligations of the state for payment
of the principal of and interest on which the full faith and credit of the state are hereby
irrevocably pledged. The bonds may be issued from time to time in one or more series, shall
bear an appropriate series designation, shall be in such form and denominations and of such
tenor and maturities, shall bear such rate or rates of interest payable in such manner, may
contain provisions for redemption prior to maturity, and may contain other provisions not
inconsistent herewith, all as shall be set forth in an order or resolution of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-126.htm - 4K - Match Info - Similar pages
33-2-156
Section 33-2-156 General provisions relative to inland facilities bonds. In order to
provide funds for the purposes of this article, there are hereby authorized to be sold and
issued bonds of the state not exceeding $10,000,000.00 in aggregate principal amount, under
and subject to the provisions hereinafter set forth. The bonds shall be designated as inland
facilities bonds of the state, series 1970. The bonds shall be general obligations of the
state for payment of the principal of and interest on which the full faith and credit of the
state are hereby irrevocably pledged. The bonds may be issued from time to time in one or
more series, shall bear an appropriate series designation, shall be in such form and denominations
and of such tenor and maturities, shall bear such rate of interest payable in such manner,
may contain provisions for redemption prior to maturity, and may contain other provisions
not inconsistent herewith, all as shall be set forth in an order or resolution of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-156.htm - 4K - Match Info - Similar pages
|