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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22-34-1
Section 22-34-1 Definitions. The following words and phrases, whenever used in this chapter,
shall have the following respective meanings unless the context clearly indicates otherwise:
(1) AUTHORITY. The corporation organized pursuant to the provisions of this chapter as a public
corporation, agency and instrumentality of the state and known as the "Alabama Water
Pollution Control Authority." (2) AUTHORIZING RESOLUTION. A resolution or order adopted
by the board of directors of the authority authorizing the issuance of bonds by the authority
pursuant to this chapter or by a public body. (3) BOARD OF DIRECTORS. The board of directors
of the Alabama Water Pollution Control Authority. (4) BONDS. The "Water Pollution Control
Bonds," notes or obligations or other evidence of indebtedness issued by the authority
under the provisions of this chapter. (5) BOND PROCEEDS. The direct proceeds of sale of bonds
or notes, and the income derived from the investment of such proceeds. (6) DEPARTMENT....

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11-22-12
Section 11-22-12 Temporary borrowing. The corporation may, in addition to the other powers
granted in this chapter, borrow money for temporary use for any of its corporate purposes
and in evidence of such borrowing issue from time to time revenue bonds or notes maturing
not later than 18 months from date of issuance. Any such temporary borrowing may be made in
anticipation of the sale and issuance of long-term bonds, and in such event the principal
proceeds from the sale of such long-term bonds shall, to the extent necessary, be used for
payment of the principal of and the interest on the temporary bonds or notes issued in anticipation
of the sale and issuance of such long-term bonds. Any such temporary borrowing may also be
made with respect to a project simultaneously with or after the sale and issuance of long-term
bonds issued with respect to such project if, under the terms of the proceedings under which
such long-term bonds are issued, the proceeds therefrom or any part thereof...
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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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41-10-56
Section 41-10-56 Resolution authorizing issuance of bonds to contain recital as to authority
for issuance; notice of passage of resolution; limitation period and venue for actions to
contest validity of resolutions, bonds, etc. (a) Any resolution authorizing any bonds under
this article shall contain a recital that they are issued pursuant to the provisions of this
article, which recital shall be conclusive evidence that said bonds have been duly authorized
pursuant to the provisions of this article, notwithstanding the provisions of any other law
now in force or hereafter enacted or amended. (b) Upon the adoption by the board of directors
of any resolution providing for the issuance of bonds under the provisions of this article,
the authority may in its discretion cause to be published once a week for two consecutive
weeks, in a newspaper published and having general circulation in Jefferson County, Alabama,
a notice in substantially the following form (the blanks being properly...
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11-50-262
sale of gas to municipalities authorized. (a) Any waterworks board shall also have the power
to borrow money and to issue revenue bonds as evidence of any money so borrowed, which bonds
shall be payable solely from the revenues derived from the operation of such gas plant and
system. As security for any money so borrowed, together with interest thereon and any obligations
incurred or assumed, the board shall have the power to mortgage, pledge, or otherwise transfer
and convey its real, personal, and mixed property or any part or parts thereof, whether
then owned or thereafter acquired, including its franchises owned and thereafter acquired
and all or any part of the revenues derived from such plant or system or any part thereof.
The instrument whereunder such mortgage or pledge shall be made may contain such agreements
as the board of directors of such corporation shall deem advisable respecting the operation
and maintenance of such property and respecting the rights and duties of...
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11-54-88
Section 11-54-88 Additional powers as to pollution control facilities. (a)(1) In addition to
all other powers at any time conferred on them by law, each industrial development board shall
have the following powers: a. To acquire, whether by construction, purchase, exchange, gift,
lease, or otherwise and to enlarge, improve, replace, equip, and maintain one or more pollution
control facilities, including all real and personal properties deemed necessary or
desirable in connection therewith, including the sale and issuance of bonds for any of the
said purposes; b. To lease to others and otherwise dispose of all or any portion of any pollution
control facility; and c. To exercise with respect to any pollution control facility and each
part thereof any and all powers that are conferred on industrial development boards by other
provisions of this division. Each pollution control facility so acquired by any industrial
development board may be a part of another project or may constitute a...
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11-81-166
Section 11-81-166 Revenue bonds - Authority for issuance; authorization proceedings generally;
form, terms, denominations, etc.; execution and delivery generally; maturity and sale; payment
generally; trust indentures. (a) Any borrower may issue its revenue bonds for the purpose
of: (1) Financing the acquisition, improvement, enlargement, extension and repair, or any
of them, of a system or systems; (2) Refunding the principal of and the interest on any bonds
of such borrower theretofore issued under this article and then outstanding, whether or not
such principal and interest shall have matured at the time of such refunding; or (3) Financing
any such acquisition, improvement, enlargement, extension and repair, or any of them, and
refunding any such principal and interest. (b) Any bonds issued under this article shall be
made payable solely out of the revenues from the operation of a system or systems of the borrower
and may be made payable from any such revenues without regard to...
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41-10-277
Section 41-10-277 Refunding bonds. Any bonds issued by the authority may from time to time
thereafter be refunded by the issuance of refunding bonds of the authority. Any such refunding
bonds may be issued regardless of whether the bonds to be refunded shall have then matured
or shall thereafter mature, and such refunding may be effected either by sale of the refunding
bonds and the application of the proceeds thereof to the payment or redemption of the bonds
so refunded or by exchange of the refunding bonds for those to be refunded thereby; provided,
that the holders of any bonds so to be refunded shall not be compelled without their consent
to surrender their bonds for payment or exchange prior to the date on which they are payable
or, if they are called for redemption, prior to the date on which they may be redeemed by
the authority according to their terms. Any refunding bonds of the authority shall be payable
solely from and secured by the revenues out of which the bonds to be...
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