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11-81-28
Section 11-81-28 Issuance, sale, etc., of negotiable notes in anticipation of sale of
bonds. Whenever bonds of any county or municipality shall have been authorized under this
chapter at any election or by the governing body thereof in cases where an election is not
required, such governing body may from time to time in anticipation of the sale of such bonds
issue negotiable notes of such county or municipality for the purpose for which such bonds
shall have been authorized and to an amount at any time outstanding not exceeding the maximum
authorized amount of such bonds. Such notes shall be general obligations of the issuing county
or municipality, shall be signed as the governing body may prescribe, shall be made payable
as the governing body may determine, not later than 12 months from their respective dates,
and may be refunded from time to time by the issue of new negotiable notes under this section;
provided, that no such refunding shall be effected which shall extend the final...
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22-23B-7
Section 22-23B-7 Purpose; issuing, selling and refunding of bonds. For the purpose of
providing funds for the authority to make loans to public bodies for a project or projects,
or for the payment of obligations incurred or temporary loans made for any of said purposes,
the authority is hereby authorized, from time to time, to issue and sell its bonds or other
evidences of indebtedness. Such bonds may be issued in one or more series; shall be in such
form and denominations and of such terms and maturities, not exceeding 30 years from the date
of issue of each series; shall bear such rate or rates of interest, payable and evidenced
in such manner; may contain such provisions for registration or for redemption prior to maturity;
and may contain such other provisions not inconsistent herewith, all as may be provided by
the authorizing resolution. As security for the payment of the principal of and interest on
its bonds, the authority is authorized to pledge, transfer and assign any...
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14-2-14
Section 14-2-14 Bonds - Specifications; redemption; precedence. Any bonds of the authority
may be executed and delivered by it 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 section, all as may be
provided by the resolution of the board of directors whereunder such bonds are authorized
to be issued; provided, that no bond of the authority shall have a specified maturity date
later than 20 years after its date. In the event that the authority shall make more than one
pledge of the same revenues, such pledges shall, unless otherwise provided in the resolution
or resolutions authorizing the earlier issued bonds, take precedence in the order of the adoption
of the resolutions in which the pledges are made; provided, that each pledge for...
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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...
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23-1-177
Section 23-1-177 Bonds - Generally. (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 printed or otherwise reproduced thereon; provided, that a facsimile of the signature
of one, but not both, of the officers may be printed or otherwise reproduced on any such bonds
in lieu of his or her signing the same. (b) Any bonds of the corporation may be executed and
delivered by it 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 such
other provisions not inconsistent with this article, all as may be provided by the resolution
of the board of directors under which such bonds are authorized to be issued; provided, that
no bond of the corporation shall have a specified maturity date...
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41-10-312
Section 41-10-312 Specifications and priority of bonds. Any bonds of the authority may
be executed and delivered by it 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,
fixed or floating, payable and evidenced in such manner, may contain provisions for redemption
prior to maturity and may contain other provisions not inconsistent with this section,
all as may be provided by the resolution of the board of directors whereunder such bonds are
authorized to be issued; provided that no bond of the authority shall have a specified maturity
date later than 30 years after its date. In the event that the authority shall make more than
one pledge of the same revenues, such pledges shall, unless otherwise provided in the resolution
or resolutions authorizing the earlier issued bonds, take precedence in the order of the adoption
of the resolutions in which the pledges are made; provided, that each...
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11-99-8
Section 11-99-8 Financing of project costs. (a) Payment of project costs may be made
by any of the following methods or any combination thereof: (1) Payment from the tax increment
fund of the tax increment district if the purpose of the payment is one provided for in Section
11-99-6 hereof; (2) Payment out of the general funds of the public entity, such payments being
used either directly by the public entity to pay such costs or used by a third party recipient
of such funds to pay such costs if within a Major 21st Century Manufacturing Zone; (3) Payment
out of the proceeds of the sale of warrants, bonds or notes (whether public improvement bonds
or notes, mortgage bonds, notes or certificates, revenue bonds or notes, or otherwise) issued
by the public entity, such payments being used either directly by the public entity to pay
such costs or used by a third party recipient of such funds to pay such costs if within a
Major 21st Century Manufacturing Zone; (4) Payment out of the proceeds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99-8.htm - 4K - Match Info - Similar pages
16-60-111.11
Section 16-60-111.11 Additional powers of board. (a) The board may exercise 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
or institutions with respect to which the borrowing is made, or for the benefit of the Alabama
Community College System or one or more of its programs, the acquisition of furniture and
equipment for any thereof, the purchase of land, the beautification of grounds, and the construction
of swimming pools, tennis courts, athletic fields, and other facilities for physical education,
all for use by such institution or institutions, and for the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-60-111.11.htm - 5K - Match Info - Similar pages
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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11-28-1
Section 11-28-1 Legislative intent. It is the intention of the Legislature by the passage
of this chapter to authorize each county in the State of Alabama: (i) to sell and issue warrants
for the purpose of financing the costs of acquiring, by construction, purchase or otherwise,
any public facilities described in Section 11-28-1.1 that such county may be lawfully
authorized to acquire at the time of the issuance of such warrants and (ii) to sell and issue
warrants for the purpose of refunding any bonds, notes, warrants or other instruments evidencing
valid debt at any time incurred or assumed by such county to pay the costs of acquiring such
public facilities or to refund debt that, through one or more prior refundings, had been initially
incurred for the payment of such costs, it being the intention of this chapter that any debt
of such county may be refunded by warrants issued under this chapter irrespective of whether
such debt was initially incurred under this chapter or under...
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