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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41-10-506
Section 41-10-506 Disposition of proceeds of bonds. (a) All proceeds derived from the
sale of any bonds, except refunding bonds, sold by the authority, remaining after payment
of the expenses of issuance thereof, shall be turned over to the State Treasurer, shall be
carried by him in a special account to the credit of the authority, and shall be subject to
be drawn on by the authority solely for the purposes of: (1) Acquiring land for and constructing,
reconstructing and equipping thereon one or more facilities; (2) Paying all reasonable and
necessary expenses incidental thereto, including filing, recording, surveying, legal and engineering
fees and expenses; (3) Paying the interest which will accrue on the said bonds during the
period required for the construction and equipment of the said facilities and for a period
not exceeding six months after the completion thereof; and (4) Paying the principal of and
interest on all then outstanding notes theretofore issued by the authority...
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41-10-60
Section 41-10-60 Disposition of proceeds from sale of bonds and refunding bonds. (a)
The authority shall pay out of the proceeds from the sale of any of the bonds all expenses,
including fees of agents and attorneys and other charges, which said board of directors may
deem necessary or advantageous in connection with the issuance of the bonds. The proceeds
of the bonds, other than refunding bonds, remaining after paying the expenses of their issuance
shall be turned over to the State Treasurer and shall be carried by him in a special account
to the credit of the authority and shall be subject to be drawn on by the authority solely
for the purposes of acquiring real estate suitable for the purpose of the authority in Jefferson
County, Alabama, including all expenses reasonably necessary in connection with such acquisition,
and erecting, constructing and equipping on such real estate exhibition halls, buildings,
warehouses, storage facilities, parking areas and other structures and...
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9-6-12
Section 9-6-12 Bonds - Use of proceeds from sale. All moneys derived from the sale of
any bonds issued by the authority shall be used solely for the purpose or purposes for which
the same are authorized and any costs and expenses incidental thereto. Such costs and expenses
may include, but shall not be limited to: (1) The fiscal, engineering, legal and other expenses
incurred in connection with the issuance and sale of the bonds; (2) In the case of bonds issued
to pay costs of construction, interest on such bonds (or, if a part only of bonds of any series
is issued for construction purposes, interest on that portion of the bonds of that series
that is issued to pay construction costs) prior to and during such construction; and (3) In
the case of bonds issued for the purpose of refunding principal and interest or either with
respect to bonds issued or obligations assumed by the authority, any premium that it may be
necessary to pay in order to redeem or retire the bonds or other...
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11-89-11
Section 11-89-11 Bonds of district - Disposition of proceeds from sale of bonds. All
moneys derived from the sale of any bonds issued by the district shall be used solely for
the purpose or purposes for which the same are authorized and any costs and expenses incidental
thereto. Such costs and expenses may include but shall not be limited to: (1) The fiscal,
engineering, legal, and other expenses incurred in connection with the issuance of the bonds;
(2) Interest on the bonds in the case of bonds issued to pay costs of construction or, if
a part only of any series of bonds is issued for construction purposes, interest on that portion
of the bonds of that series that is issued to pay construction costs prior to and during such
construction and for not exceeding one year after completion of such construction; and (3)
Any premium that it may be necessary to pay in order to redeem or retire the bonds or other
obligations to be refunded in the case of bonds issued for the purpose of...
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11-99B-10
Section 11-99B-10 Disposition of proceeds from sale of bonds. All moneys derived from
the sale of any bonds issued by the district shall be used solely for the purpose or purposes
for which the same are authorized and any costs and expenses incidental thereto. Such costs
and expenses may include but shall not be limited to: (1) The fiscal, accounting, engineering,
legal, and other expenses incurred in connection with the issuance of the bonds. (2) Interest
on the bonds in the case of bonds issued to pay costs of construction or, if a part only of
any series of bonds is issued for construction purposes, interest on that portion of the bonds
of that series that is issued to pay construction costs prior to and during such construction
and for not exceeding one year after completion of such construction. (3) Any premium that
it may be necessary to pay in order to redeem or retire the bonds or other obligations to
be refunded in the case of bonds issued for the purpose of refunding...
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33-13-12
Section 33-13-12 Bonds - Disposition of proceeds; investments. The authority shall pay
out of the proceeds from the sale of any of the bonds (other than refunding bonds) those expenses
which the board of directors may deem necessary or advantageous in connection with the sale
or issuance thereof. The proceeds from the sale of all bonds, other than refunding bonds,
remaining after paying the expenses of their sale and issuance shall be turned in to the treasury
of the State Docks Department, shall be carried in a special fund therein and shall be subject
to be drawn on by the State Docks Department, upon the approval of the authority, but solely
for the respective purposes for which they were authorized to be issued, viz., payment of
costs incurred in the development, construction, improvement, expansion and modernization
(or any of them) of the state docks facilities at the Port of Mobile, as the state facilities
may from time to time exist. The proceeds from the sale of any refunding...
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16-17-13
Section 16-17-13 Proceeds from sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized and any costs and expenses incidental thereto. Such costs and expenses
may include but shall not be limited to: (1) The engineering, legal, architectural, fiscal
and other expenses incurred in connection with the issuance of the bonds; (2) In the case
of bonds issued to pay costs of construction, interest on such bonds (or, if a part only of
any series of bonds is issued for construction purposes, interest on that portion of the bonds
of that series that is issued to pay construction costs) prior to and during such construction
and for not exceeding one year after completion of such construction; and (3) In the case
of bonds issued for the purpose of refunding principal and interest, or either, with respect
to bonds issued or obligations assumed by the authority, any premium that it may be...
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16-18-14
Section 16-18-14 Proceeds from sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized and any costs and expenses incidental thereto. Such costs and expenses
may include but shall not be limited to: (1) The engineering, legal, architectural, fiscal
and other expenses incurred in connection with the issuance of the bonds; (2) In the case
of bonds issued to pay costs of construction, interest on such bonds (or, if a part only of
any series of bonds is issued for construction purposes, interest on that portion of the bonds
of that series that is issued to pay construction costs) prior to and during such construction
and for not exceeding one year after completion of such construction; and (3) In the case
of bonds issued for the purpose of refunding principal and interest, or either, with respect
to bonds issued or obligations assumed by the authority, any premium that it may be...
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16-18A-8
Section 16-18A-8 Use of proceeds from sale. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized and any costs and expenses incidental thereto. Such costs and expenses
may include, but shall not be limited to: (1) The fiscal, engineering, legal and other expenses
incurred in connection with the issuance and sale of the bonds; (2) In the case of bonds issued
to pay costs of the authority, interest on such bonds (or, if a part only of bonds of any
series is issued for construction purposes, interest on that portion of the bonds of that
series that is issued to pay construction costs) prior to and during such construction; and
(3) In the case of bonds issued for the purpose of refunding principal and interest or either
with respect to bonds issued or obligations assumed by the authority, any premium that it
may be necessary to pay in order to redeem or retire the bonds or other obligations...
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