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2-6-101
Section 2-6-101 Definitions. For the purposes of this article, the following words shall have
the following meanings: (1) ALABAMA AGRICULTURAL CENTER BOARD or AACB. The Alabama Agricultural
Center Board established by Section 2-6-1, as amended by this article. (2) BOARD OF DIRECTORS
or BOARD. The board of directors of the Garrett Coliseum Redevelopment Corporation, the public
corporation created pursuant to this article. (3) BONDS. Includes refunding bonds unless the
context clearly indicates otherwise. (4) GARRETT COLISEUM or COLISEUM. The Alabama Agricultural
Center, the Garrett Coliseum, and all related properties located in Montgomery, Alabama. (5)
GARRETT COLISEUM REDEVELOPMENT CORPORATION or CORPORATION. The public corporation created
pursuant to this article. (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...
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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...
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16-16-9
Section 16-16-9 Execution, form, terms and conditions of bonds; sale; refunding bonds; bonds
to be limited obligations; security for payment; bonds as negotiable instruments; exemption
from taxation; bonds as security for deposits and for investment of fiduciary funds. (a) The
bonds of the authority shall be signed by its president and attested by its secretary, and
the seal of the authority shall be affixed thereto, and any interest coupons applicable to
such bonds shall be signed by the president; provided, that a facsimile of the signature of
one, but not both, of the said officers may be printed or otherwise reproduced on any such
bonds in lieu of his manually signing the same, a facsimile of the seal of the authority may
be printed or otherwise reproduced on any such bonds in lieu of being manually affixed thereto
and a facsimile of the president's signature may be printed or otherwise reproduced on any
such interest coupons in lieu of his manually signing the same. (b) Any bonds...
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22-21-137
Section 22-21-137 Powers - Generally. The authority shall have the following powers and capacities,
among others specified in this article, together with all powers incidental thereto or necessary
to the discharge thereof: (1) To have succession by its corporate name until dissolved as
provided in Section 22-21-154; (2) To maintain actions and have actions maintained against
it by others in any form of litigation other than an action ex delicto, and to defend any
litigation brought against it; (3) To have and use a corporate seal and to alter the same
at pleasure; (4) To adopt and alter bylaws for the regulation and conduct of its affairs and
business; (5) To acquire, whether by purchase, gift, lease, devise or otherwise, property
of every description which the board may deem necessary or desirable to the acquisition, construction,
reconstruction, improvement, enlargement, equipment, operation or maintenance of a project
and to hold title thereto; (6) To construct, enlarge, improve,...
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37-5-6
Section 37-5-6 Bonds - Authorization to issue; manner of issuance; repurchase; interim receipts,
etc. Each district shall have power and is authorized from time to time to issue its negotiable
bonds in anticipation of the revenues from an enterprise. Said bonds may be issued for any
corporate purpose or purposes of such district. Said bonds shall be authorized by resolution
of the board of such district and may be issued in one or more series, may bear such date
or dates, mature at such time or times not exceeding 40 years from their respective dates,
bear interest at such rate or rates, not exceeding six percent per annum, payable semiannually,
be in such denominations, be in such form, either coupon or registered, be executed in such
manner, be payable in such medium of payment, at such place or places and be subject to such
terms of redemption, with or without premium, be declared or become due before the maturity
date thereof, as such resolution or resolutions may provide. Said...
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39-7-23
Section 39-7-23 Authorization for issuance of bonds by authority; terms, denominations, sale,
redemption, etc., of bonds; issuance of interim receipts, certificates, etc. Bonds of an authority
shall be authorized by resolution of the board of trustees of such authority and may be issued
in one or more series, may bear such date or dates, mature at such time or times not exceeding
40 years from their respective dates, bear interest at such rate or rates, payable semiannually,
be in such denominations, be in such form, either coupon or registered, be executed in such
manner, be payable in such medium of payment, at such place or places, be 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 such authority shall determine. Pending the...
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41-10-469
Section 41-10-469 Use of proceeds of refunding bonds. The proceeds of refunding bonds shall
be applied, together with any other moneys legally available therefor, to the payment of the
expenses authorized by this article and to the payment of the principal of, premium, if any,
and interest due and to become due on any outstanding bonds to be refunded thereby and, if
so required by resolution of the authority, shall be deposited in the State Treasury in an
interest account to pay interest on refunding bonds, and in the State Treasury in a reserve
account to further secure the payment of the principal of, premium, if any, and interest on
any refunding bonds. The expenses authorized by this article shall include, in addition to
expenses authorized by other sections hereof, all expenses that the board of directors may
deem necessary or advantageous in connection with the sale and issuance of such refunding
bonds, including without limitation, the expenses of selling and issuing such...
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41-10-754
Section 41-10-754 Powers of the authority. The authority shall have, in addition to all other
powers granted to it in this article, all of the following powers: (1) To have succession
by its corporate name until dissolved as herein provided. (2) To institute and defend legal
proceedings in any court of competent jurisdiction and proper venue; provided, however, that
the authority may not be sued in any nisi prius court other than the courts of the county
in which is located the principal office of the authority; and provided further that the officers,
directors, agents, and employees of the authority may not be sued for actions on behalf of
the authority in any nisi prius court other than the courts of the county in which is located
the principal office of the authority. (3) To have and to use a corporate seal and to alter
the seal at pleasure. (4) To establish a fiscal year. (5) To adopt, and from time to time,
amend and repeal, bylaws, rules, and regulations not inconsistent with...
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16-13-90
Section 16-13-90 Purposes for which warrants issued. In any county in which a special county
tax shall have been voted under the constitution for such purpose or for school purposes generally,
and in any school district in which a special district tax shall have been voted under the
constitution for such purpose or for school purposes generally, the county board of education
or the city board of education, as the case may be, with the approval of the State Superintendent
of Education may issue and sell capital outlay warrants for the purposes of erecting, purchasing,
altering, enlarging, improving, repairing and equipping school buildings and school playgrounds,
and buildings for housing and repairing school buses, including sites for any such buildings
and playgrounds; and for the purpose of purchasing school buses; and for the purpose of acquiring
a school building already erected by another government body, which building is being transferred
to the use and jurisdiction of the board...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-90.htm - 3K - Match Info - Similar pages
16-16-10
Section 16-16-10 Disposition of proceeds of bonds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the authority remaining after paying expenses of their issuance
shall be deposited in the State Treasury and shall be carried in the State Treasury in a special
or separate account. Said expenses shall be deducted from that portion of the said proceeds
allocated in subsection (o) of this section. Such remaining funds shall be subject to be drawn
upon by the authority with the approval of the secretary of the authority and the Governor,
but any funds so withdrawn shall be used solely for the purpose of financing the construction,
reconstruction, alteration, improvement and equipment of buildings and other facilities for
public educational purposes, including the cost of architectural services therefor and services
rendered by building inspectors for periodic and final inspections thereof, and for acquiring
sites therefor, in accordance with the provisions of this...
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