11-54-179
Section 11-54-179 Bonds of authority generally. (a) Source of payment. All bonds issued
by an authority shall be payable solely out of the revenues and receipts derived from the
leasing or sale by the board of its projects or of any thereof as may be designated in the
proceedings of the board under which the bonds shall be authorized to be issued. (b) Pledge
of revenues, receipts and other security. The principal of and interest on any bonds issued
by an authority shall be secured by a pledge of the revenues and receipts out of which the
same may be payable and may be secured by a mortgage and deed of trust or trust indenture
conveying as security for such bonds all or any part of the property of the authority from
which the revenues or receipts so pledged may be derived. The resolution under which the bonds
are authorized to be issued and any such mortgage and deed of trust or trust indenture may
contain any agreements and provisions respecting the operation, maintenance and insurance...

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11-54A-10
Section 11-54A-10 Bonds of authority. (a) Source of payment. All bonds issued by the
authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of an interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance of the...
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45-23A-91.09
Section 45-23A-91.09 Bonds of authority. (a) Source of payment. All bonds issued by
the authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. (1) The principal of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
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45-27A-31.09
Section 45-27A-31.09 Bonds of authority. (a) Source of payment. All bonds issued by
the authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. (1) The principle of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
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45-35A-52.09
Section 45-35A-52.09 Bonds of authority. (a) Source of payment. All bonds issued by
the authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. (1) The principal of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
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45-41A-40.09
Section 45-41A-40.09 Bonds of the authority. (a) Source of payment. All bonds issued
by the authority shall be payable solely out of the revenues and receipts derived from the
leasing or sale by the board of its projects or of any thereof as may be designated in the
proceedings of the board under which the bonds shall be authorized to be issued. (b) Pledge
of revenues, receipts, and other security. (1) The principal of and interest on any bonds
issued by the authority shall be secured by a pledge of the revenues and receipts out of which
the same may be payable and may be secured by a mortgage and deed of trust or trust indenture
conveying as security for such bonds all or any part of the property of the authority from
which the revenues or receipts so pledged may be derived. (2) The resolution under which the
bonds are authorized to be issued and any such mortgage and deed of trust or trust indenture
may contain any agreements and provisions respecting the operation, maintenance, and...
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45-8A-111.09
Section 45-8A-111.09 Bonds of authority. (a) Source of payment. All bonds issued by
the authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. The principal of and interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance, and insurance of...
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45-8A-20.09
Section 45-8A-20.09 Bonds of authority. (a) Source of payment. All bonds issued by the
authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. The principal of and interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance, and insurance of...
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11-56-13
Section 11-56-13 Bonds - Security for payment of principal and interest; remedies upon
default generally. (a) The principal of and the interest on the bonds shall be secured by
a pledge of the revenues out of which the bonds shall be made payable and by a pledge of the
lease agreement covering the project from which revenues so pledged shall be derived and of
the rental therefrom and may be secured by an indenture covering such project. The trustee
under any indenture may be a trust company or bank having trust powers, whether located within
or without the state. The indenture may contain any agreements and provisions customarily
contained in instruments securing evidences of indebtedness including, without limiting the
generality of the foregoing, provisions respecting the collection, segregation and application
of the rental from any project covered by such indenture, the terms to be incorporated in
the lease agreement respecting such project, the maintenance and insurance of such...
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11-89B-1
Section 11-89B-1 Public corporation given power to sell and issue bonds, to pledge for
payment proceeds, revenues, etc., and to issue bonds or notes for temporary borrowing. In
addition to all other powers now or hereafter granted by law, each public corporation organized
under the laws of the State of Alabama which is authorized by law (i) to operate a water system
consisting of land, plants, systems, facilities, buildings and other property, or any combination
of any thereof, which are used or useful or capable of future use in providing, furnishing,
supplying or distributing water and (ii) to borrow money for use for one or more of its corporate
purposes shall have the following powers, together with all powers incidental thereto or necessary
to the discharge thereof in corporate form: (1) To sell and issue bonds of such public corporation
in order to provide funds for any corporate function, use or purpose for which such public
corporation is otherwise authorized by law to borrow...
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