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11-54-144
Section 11-54-144 Security for bonds. The principal of and interest on any bonds issued under
the authority of this article shall be secured by a pledge of the revenues out of which such
bonds shall be made payable, may be secured by a mortgage covering all or any part of the
project from which the revenues so pledged may be derived, and may be secured by a pledge
of the lease of such project. The proceedings under which such bonds are authorized to be
issued or any such mortgage may contain any agreements and provisions customarily contained
in instruments securing bonds, including, without limiting the generality of the foregoing,
provisions respecting the fixing and collection of rents for any project covered by such proceedings
or mortgage, the terms to be incorporated in the lease of such project, the maintenance and
insurance of such project, the creation and maintenance of special funds from the revenues
from such project, and the rights and remedies available in event of...
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23-1-157
Section 23-1-157 Bonds - Generally. (a) The bonds of the corporation shall be signed by its
president or vice president and attested by its secretary; provided, that a facsimile of the
signature of the officers may be imprinted or otherwise reproduced on any such bonds in lieu
of his or her signing the same. The seal of the corporation shall be affixed to such bonds;
provided, that a facsimile of the seal may be imprinted or otherwise reproduced on any such
bonds in lieu of being manually affixed thereon. (b) Any bonds of the corporation may be executed
and delivered at any time and from time to time, shall be in such form and denominations and
of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced
in such manner, may contain provisions for redemption prior to maturity and may contain other
provisions not inconsistent with this article, all as may be provided by the resolution of
the board of directors whereunder such bonds are authorized to be...
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40-21-100
Section 40-21-100 Definitions. (a) For the purpose of this article, the following terms shall
have the respective meanings ascribed by this section: (1) BUSINESS. All activities relating
to the furnishing of utility services. (2) DEPARTMENT. The Department of Revenue of the State
of Alabama. (3) DOMESTIC WATER. All water except water that is sold to persons for use or
consumption in industrial processes and not primarily for human consumption. (4) GROSS RECEIPTS.
The value proceeding or accruing from the furnishing of utility services, all receipts actual
and accrued, without any deduction on account of the cost of the utility services sold, the
cost of the materials used, labor or service cost, interest paid, or any other expense whatever,
and without any deductions on account of losses. (5) GROSS SALES. The value proceeding or
accruing from the furnishing of utility services, and including the proceeds from the sale
of any utility services handled on consignment by the taxpayer,...
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19-3B-816
Section 19-3B-816 Specific powers of trustee. (a) Without limiting the authority conferred
by Section 19-3B-815, a trustee may: (1) collect trust property and accept or reject additions
to the trust property from a settlor or any other person, including, but not being limited
to, the authority to receive, collect, hold, and retain common or preferred stock or other
interests in the trustee or any related party; (2) acquire or sell property, for cash or on
credit, at public or private sale; (3) exchange, partition, or otherwise change the character
of trust property; (4) deposit trust money in an account in a regulated financial-service
institution; (5) borrow money, with or without security, and mortgage or pledge trust property
for a period within or extending beyond the duration of the trust; (6) with respect to an
interest in a proprietorship, partnership, limited liability company, business trust, corporation,
or other form of business or enterprise, continue the business or other...
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23-7-5
Section 23-7-5 Powers and functions. (a) In addition to the powers contained in other provisions
of this chapter, the bank has all power necessary, useful, or appropriate to fund, operate,
and administer the bank, and to perform its other functions including, but not limited to,
the following power to: (1) Have perpetual succession. (2) Adopt, promulgate, amend, and repeal
bylaws, not inconsistent with this chapter for the administration of the bank's affairs and
the implementation of its functions including the right of the board to select qualifying
projects and to provide loans and other financial assistance. (3) Sue and be sued in its own
name. (4) Have a seal and alter it at pleasure, although the failure to affix the seal does
not affect the validity of an instrument executed on behalf of the bank. (5) Make loans to
qualified borrowers to finance the eligible costs of qualified projects and to acquire, hold,
and sell loan obligations at prices and in a manner as the board...
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11-57-12
Section 11-57-12 Bonds - Recital as to authority for issuance; notice of resolution authorizing
issuance of bonds; limitation period for actions, etc., as to validity of proceedings for
issuance of bonds, etc. (a) Any resolution authorizing any bonds under this chapter shall
contain a recital that they are issued pursuant to the provisions of this chapter, which recital
shall be conclusive evidence that said bonds have been duly authorized pursuant to the provisions
of this chapter, notwithstanding the provisions of any other law now in force or hereafter
enacted or amended. (b) Upon the adoption by the board of any resolution providing for the
issuance of bonds, the authority may, in its discretion, cause to be published once a week
for two consecutive weeks in a newspaper then published in the municipality or, if there is
no newspaper then published in the municipality, then in a newspaper published or circulated
in the county, a notice in substantially the following form (with any...
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11-88-107
Section 11-88-107 Bond of official charged with duty of collecting assessments; liability of
said official and board members for diversion or misappropriation of funds for payment of
bonds and coupons. The official charged with the duty of collecting assessments shall be required
to give bond, including the amount of any official bond which may have been required of him
by law, equal to not less than five percent of the total amount in the said sinking funds
provided for in Section 11-88-106 and the said bond shall be increased and may be diminished
from time to time in order to comply with this provision. The cost of the said increased bond
shall be paid by the authority. The said official shall be liable on his official bond to
any holder of the bonds authorized to be issued under this article for any loss or injury
to such holder caused by the diversion by the said officer of any fund or part thereof to
the payment of any indebtedness of the authority other than the bonds and...
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23-6-8
Section 23-6-8 Bonds of corporation; annual appropriation from state Public Road and Bridge
Fund. (a) The bonds of the corporation shall be signed by its president and attested by its
secretary and the seal of the corporation shall be affixed thereto or a facsimile thereof
printed or otherwise reproduced thereon. The signatures of both the president and the secretary
on any bonds may be facsimile signatures if the board of directors, in its proceedings with
respect to issuance of the bonds, provides for manual authentication thereof, or manual execution
of certificates of registration thereon, by a trustee, registrar, or paying agent or by named
individuals who are employees of the state assigned to the Finance Department or the State
Treasurer's office. Any bonds of the corporation may be executed and delivered by it at any
time and shall be in the form and denominations and of the tenor and maturities, shall bear
the rate or rates of interest payable and evidenced in such manner, may...
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11-81-115
Section 11-81-115 Bond of officer charged with collection of assessments; liability of officer
and members of governing body for diversion, misappropriation, etc., of funds. (a) The official
charged with the duty of collecting assessments shall be required to give bond, including
the amount of any official bond which may have been required of him by law, equal to not less
than five percent of the total amount in said sinking funds provided for in Section 11-81-114,
and said bonds shall be increased and may be diminished from time to time in order to comply
with this provision. The cost of said increased bond shall be paid by the municipality. Said
official shall be liable on his official bond to any holder of the bonds authorized to be
issued under this division for any loss or injury to such holder caused by the diversion by
said officer of any fund or part thereof to the payment of any bonds or coupons or indebtedness
of the municipality other than the bonds and interest coupons...
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11-96A-3
Section 11-96A-3 Municipalities or counties empowered to take certain actions to carry out
purpose of chapter. The council or other governing body of any municipality, or governing
body of a county in furtherance of the legislative purpose stated above, is empowered to take
the following actions and to the extent necessary or desirable in its judgment to expend its
moneys to accomplish such purpose: (1) To acquire sites for, purchase, construct, own, develop,
operate, survey, subdivide, establish, maintain, refurbish, remodel, or improve single or
multi-family dwellings; (2) To receive designated funds from whatever source, federal, state,
private, or otherwise and to apply such funds for the uses and purposes described in this
chapter; (3) To sell and issue bonds or warrants in order to provide funds for any low or
moderate income single or multi-family housing purpose or to provide funds for any shelter
for the homeless purpose; (4) To purchase mortgage loans from mortgage lenders;...
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