Code of Alabama

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11-20-7
Section 11-20-7 Bonds - Disposition of proceeds from sale. The proceeds from the sale
of any bonds issued under authority of this article shall be applied only for the purpose
for which the bonds were issued; provided, however, that any accrued interest and premium
received in any such sale shall be applied to the payment of the principal of or the interest
on the bonds sold; and provided further, that if for any reason any portion of such proceeds
shall not be needed for the purpose for which the bonds were issued, then such unneeded portion
of said proceeds shall be applied to the payment of the principal of or the interest on said
bonds. The cost of acquiring any project shall be deemed to include the following: the actual
cost of the construction of any part of a project which may be constructed, including architect's
and engineer's fees; the purchase price of any part of a project that may be acquired by purchase;
all expenses in connection with the authorization, sale and...
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11-58-9
Section 11-58-9 Bonds - Disposition of proceeds from sale. (a) The proceeds from the
sale of any bonds issued by a corporation organized under authority of this chapter shall
be applied only for the purpose for which the bonds were issued; provided, however, that any
accrued interest and premium received in any such sale shall be applied to the payment of
the principal of or the interest on the bonds sold; provided further, that if for any reason
any portion of such proceeds shall not be needed for the purpose for which the bonds were
issued, then such unneeded portion of said proceeds shall be applied to the payment of the
principal of or the interest on said bonds. (b) The cost of acquiring any medical clinic,
which shall be paid from the proceeds derived from the sale of bonds, shall be deemed to include
the following: (1) The actual cost of the construction of any part of a building which may
be constructed, including architect's and engineer's fees; (2) The purchase price of any...

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11-89B-2
Section 11-89B-2 Form, terms, denominations, etc. of bonds; execution and delivery;
interest; sale; issuance of refunding bonds; liability on bonds; source of payment; use of
proceeds; mortgage, deed of trust, etc., containing certain agreements. All bonds issued pursuant
to the provisions of this chapter shall be signed by the chairman of the board of directors
or other governing body or other chief executive officer of such public corporation and attested
by its secretary and the seal of such public corporation shall be affixed thereto; provided,
that a facsimile of the signatures of both of the officers whose signatures will appear on
the bonds may be imprinted or otherwise reproduced thereon in lieu of being manually signed
if the proceedings in which the bonds are authorized to be issued provide for the manual authentication
of such bonds by a trustee, registrar or paying agent; provided further, that a facsimile
of the seal of such public corporation may be imprinted or otherwise...
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33-2-69
Section 33-2-69 Disposition of proceeds from sale of bonds. The proceeds from the sale
of any of the bonds (other than refunding bonds) shall be paid into the State Treasury and
kept by the State Treasurer in a separate account and paid over to the secretary-treasurer
of the department from time to time in such amounts as shall be directed by the Governor,
and the money so paid over to the secretary-treasurer of the department shall be held and
used only for the accomplishment of the purposes of this article, and specifically for payment
of the cost of acquiring, by construction or otherwise, maintaining and operating, or any
of them, dock facilities along navigable streams and waterways now or hereafter existing within
the state, in aid of commerce and use of navigable waterways of the state. The cost of acquiring
any dock facilities that may be acquired with the proceeds of bonds issued under this article
shall be deemed to include, inter alia, (1) fees of engineers and attorneys and...
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33-2-99
Section 33-2-99 Disposition of proceeds from sale of bonds. The proceeds from the sale
of any of the bonds (other than refunding bonds) shall be paid into the State Treasury and
kept by the State Treasurer in a separate account and paid over to the secretary-treasurer
of the department from time to time in such amounts as shall be directed by the Governor and
the money so paid over to the secretary-treasurer of the department shall be held and used
only for the accomplishment of the purposes of this article, and specifically for payment
of the cost of acquiring, by construction or otherwise, maintaining and operating, or any
of them, dock facilities along navigable streams and waterways now or hereafter existing within
the state, in aid of commerce and use of navigable waterways of the state. The cost of acquiring
any dock facilities that may be acquired with the proceeds of bonds issued under this article
shall be deemed to include, inter alia, (1) fees of engineers and attorneys and...
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33-2-128
Section 33-2-128 Disposition of proceeds from sale of bonds. The proceeds from the sale
of any of the bonds (other than refunding bonds) shall be paid into the State Treasury and
kept by the State Treasurer in a separate account and paid over to the secretary-treasurer
of the department from time to time in such amounts as shall be directed by the Governor and
the money so paid over to the secretary-treasurer of the department shall be held and used
only for the accomplishment of the purposes of this article, and specifically for payment
of the cost of acquiring, by construction or otherwise, maintaining and operating, or any
of them, in promoting and aiding in the commercial flow of agricultural products within the
state or in aid of commerce and use of the waterways of the state, all manner of elevators,
facilities, warehouses, docks, water and rail terminals and other structures and facilities
and improvements needful for the convenient use of the same. The cost of acquiring any...

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33-2-158
Section 33-2-158 Disposition of proceeds from sale of bonds. The proceeds from the sale
of any of the bonds (other than refunding bonds) shall be paid into the State Treasury and
kept by the State Treasurer in a separate account and paid over to the secretary-treasurer
of the department from time to time in such amounts as shall be directed by the Governor and
the money so paid over to the secretary-treasurer of the department shall be held and used
only for the accomplishment of the purposes of this article, and specifically for payment
of the cost of acquiring, by construction or otherwise, maintaining and operating, or any
of them, in promoting and aiding in the commercial flow of agricultural products within the
state or in aid of commerce and use of the waterways of the state, all manner of elevators,
facilities, warehouses, docks, water and rail terminals and other structures and facilities
and improvements needful for the convenient use of the same. The cost of acquiring any...

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11-54-143
Section 11-54-143 Bonds issued to finance projects. All bonds issued by a municipality
under authority of this article shall be limited obligations of the municipality the principal
of and interest on which shall be payable solely out of the revenues derived from the leasing
of the project to finance which the bonds are issued. Bonds and interest coupons issued under
authority of this article shall never constitute an indebtedness of the municipality within
the meaning of any state constitutional provision or statutory limitation, and shall never
constitute nor give rise to a pecuniary liability of the municipality or a charge against
its general credit or taxing powers, and such fact shall be plainly stated in the face of
each such bond. Such bonds may be executed and delivered at any time and from time to time,
may be in such form and denominations, may be of such tenor, may be in registered or bearer
form either as to principal or interest or both, may be payable in such...
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11-56-10
Section 11-56-10 Bonds - Authority for issuance; security for payment of principal and
interest generally; form, terms, denominations, etc.; sale, redemption, etc. 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 the interest on any such bonds shall be payable
solely out of the revenues 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 powers of the state,
the county or the municipality. Bonds of the corporation may be issued at any time and from
time to time, may be in such form and denominations, may be of such tenor, may be payable
in such installments and at such time or times, not exceeding 40 years from...
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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...
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