|
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-310.htm - 1K - Match Info - Similar pages
11-50A-33
Section 11-50A-33 Severability. In the event any portion of this chapter should be declared
invalid by any court of competent jurisdiction, such invalidity shall not affect the validity
of any of the remaining portions of this chapter, which shall continue effective; provided,
however, that if Section 11-50A-7 hereof or any portion of Section 11-50A-7 is held invalid
or unconstitutional or if the payments in lieu of taxation provision set out in Section 11-50A-7
is for any reason determined to be unenforceable in a legal proceeding related to the initial
issuance of bonds, bond anticipation notes or notes of the authority, then the entire chapter
shall be invalid and ineffective and shall not be law. (Acts 1981, No. 81-681, p. 1114, ยง34.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-33.htm - 1K - Match Info - Similar pages
16-17A-10
Section 16-17A-10 Indebtedness. (a) An authority from time to time may borrow money or incur
indebtedness and issue bonds, notes, or other evidence of indebtedness in such principal amounts
as the board determines by resolution to be necessary, desirable, and in the best interests
of the authority in order to provide funds to carry out its corporate powers. Indebtedness
may be incurred for any lawful purpose of the authority, including, without limitation, any
of the following: (1) Indebtedness to finance the acquisition or construction of health care
facilities. (2) Indebtedness to provide working capital or funds for operating expenses. (3)
Indebtedness to refund, extend, refinance, or restructure any indebtedness of the authority
or any indebtedness assumed or guaranteed by the authority. (b) Indebtedness may be any of
the following or any combination thereof: (1) A general obligation of the authority to the
payment of which its full faith and credit is pledged. (2) Payable solely...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17A-10.htm - 3K - Match Info - Similar pages
16-3-28
Section 16-3-28 Authority of board and trustees of institutions to borrow from federal agencies
or others; issuance of bonds, notes and other securities. (a) The State Board of Education,
acting for the respective educational institutions under its supervision, and each public
corporation that conducts one or more state educational institutions under its supervision,
acting through its board of trustees or other governing body, are hereby separately authorized
to exercise and perform any or all of the following powers: (1) To borrow money from the United
States of America or any department or agency thereof, or from any person, firm, corporation
or other lending agency for the purchase, construction, enlargement or alteration of any buildings
or other improvements, including dormitories, dining halls, classrooms, laboratories, libraries,
stadiums, administration buildings and any other buildings and appurtenances thereto suitable
for use by the institution with respect to which the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-3-28.htm - 5K - Match Info - Similar pages
41-10-627
Section 41-10-627 Refunding bonds. (a) Any bonds issued by the authority may from time to time
be refunded by the issuance, sale, or exchange of refunding bonds for the purpose of paying
the following items: (1) All or any part of the principal of the bonds to be refunded. (2)
Any redemption premium required to be paid as a condition to the redemption prior to maturity
of any such bonds that are to be so redeemed in connection with such refunding. (3) Any accrued
and unpaid interest on the bonds to be refunded. (4) Any interest to accrue on each bond to
be refunded to the date on which it is to be paid, whether at maturity or by redemption prior
to maturity. (5) The expenses incurred in connection with the refunding. (b) Any refunding
bonds may be sold by the authority at public or private sale at such price or prices as may
be determined by the authority to be most advantageous, or may be exchanged for the bonds
to be refunded. Any such refunding bonds may be executed and delivered by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-627.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-5-6.htm - 2K - Match Info - Similar pages
11-92C-11
Section 11-92C-11 Refunding bonds. Any bonds issued by an authority may from time to time be
refunded by the issuance, sale, or exchange of refunding bonds payable from the same or different
sources for the purpose of paying all or any part of the principal of the bonds to be refunded,
any redemption premium required to be paid as a condition to the redemption prior to maturity
of any bonds that are to be so redeemed in connection with refunding, any accrued and unpaid
interest on the bonds to be refunded, any interest to accrue on each bond to be refunded to
the date on which it is to be paid, whether at maturity or by redemption prior to maturity,
and the expenses incurred in connection with refunding. Unless duly called for redemption
pursuant to provisions contained therein, the holders of any bonds then outstanding and proposed
to be refunded shall not be compelled without their consent to surrender their outstanding
bonds for refunding. Any refunding bonds may be sold by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-11.htm - 1K - Match Info - Similar pages
16-16-14.2
Section 16-16-14.2 Legislative intent. Act 2010-731 is adopted by the Legislature of the State
of Alabama to amend certain provisions of the Code of Alabama 1975 and certain prior acts
of the Legislature of Alabama and to make other provisions in a manner intended to permit
the Alabama Public School and College Authority (the authority) to issue bonds, notes, or
other debt obligations under the provisions of the American Recovery and Reinvestment Act
of 2009 or other governmental program providing cost-savings or conditions acceptable to the
authority. The issuance of such bonds, notes, or other debt obligations by the authority for
the benefit of local boards of education in the state will provide financing for such local
boards on favorable terms and will thereby serve an essential need of the citizens of the
state. Bonds of the authority in the form of bonds, notes, or other debt obligations under
the provisions of the American Recovery and Reinvestment Act of 2009 or other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16-14.2.htm - 1K - Match Info - Similar pages
22-3A-8
Section 22-3A-8 Issuance of bonds. For the purposes of acquiring, constructing, installing
and equipping public health facilities, the authority is hereby authorized to issue and sell
from time to time its bonds, which bonds may be in the form of interest-bearing bonds or noninterest-bearing
bonds. Other than refunding bonds, the aggregate principal amount of bonds issued under this
chapter shall not exceed $45,000,000.00; provided, however, that, if the authority determines
that the total net amount of bond proceeds available to provide funds for paying the costs
of acquiring, constructing, improving, and equipping public health facilities (excluding underwriting
discount, other issuance expenses and 10 percent of the principal amount of such bonds to
be used to capitalize or fund a debt service reserve fund as authorized by Section 22-3A-16(b)),
plus the interest income, not exceeding $2,000,000.00, earned on such net amount of bond proceeds
pending expenditure thereof, will be less...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-8.htm - 1K - Match Info - Similar pages
11-50A-31
Section 11-50A-31 Effectiveness of pledges and security interests. Any pledge or security interest
created or granted by the authority shall be valid and binding from the time when the same
is made; moneys or property which are the subject of such pledge or security interest and
then held or thereafter received by the authority shall immediately be subject to such pledge
or security interest without any physical delivery thereof or further act; and such pledge
or security interest shall be valid and binding as against all parties having claims of any
kind in tort, contract or otherwise against the authority, irrespective of whether or not
such parties have notice thereof. Neither the bond resolution, trust agreement or indenture
nor any other instrument relating to bonds, bond anticipation notes or notes or otherwise
creating or granting any such pledge or security interest need be filed or recorded in any
office other than with the records of the authority. (Acts 1981, No. 81-681, p....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-31.htm - 1K - Match Info - Similar pages
|