41-10-554
Section 41-10-554 No notice, approval, public hearing, etc., required for issuance of obligations.
Except as may be expressly provided in this division, no proceeding, notice, or approval shall
be required for the issuance of any authority obligations, the execution of any mortgage and
deed of trust, trust indenture, or other document, or the exercise of any other of the powers
of the authority. Neither a public hearing nor the consent of the Department of Finance shall
be prerequisite to the issuance of authority obligations by the authority. (Acts 1995, No.
95-373, p. 747, §15.)...
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11-89-19
Section 11-89-19 Provisions of chapter as to incorporation of district, acquisition of property,
issuance of bonds, etc., exclusive; jurisdiction over and regulation of district, etc., by
State Board of Health, Public Service Commission, etc. Except as expressly otherwise provided
in this chapter, no proceeding, notice, or approval shall be required for the incorporation
of any district or the amendment of its certificate of incorporation, the acquisition of any
property, water system, sewer system, or fire protection facility or the issuance of any bonds,
mortgage and deed of trust or trust indenture; provided, however, that nothing contained in
this section shall be construed to exempt any district from the jurisdiction of the State
Board of Health. The district, every water system, sewer system, or fire protection facility
of the district and the rates and charges thereof shall be exempt from all jurisdiction of
and all regulation and supervision by the Public Service Commission and...
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11-99B-17
Section 11-99B-17 Provisions of chapter as to incorporation of district, acquisition of property,
issuance of bonds, exclusive; jurisdiction over and regulation of district, by State Board
of Health, Public Service Commission. Except as expressly otherwise provided in this chapter,
no proceeding, notice, or approval shall be required for the incorporation of any district
or the amendment of its certificate of incorporation, the acquisition of any property or project,
or the issuance of any bonds, or trust indenture; provided, however, that nothing contained
in this section shall be construed to exempt any district from the jurisdiction of the State
Board of Health. The district, every project of the district, and the rates, rentals, fees,
licenses, and charges thereof shall be exempt from all jurisdiction of and all regulation
and supervision by the Public Service Commission and neither a public hearing nor the consent
of the State Department of Finance shall be prerequisite to the...
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41-10-44.14
Section 41-10-44.14 No notice, approval, public hearing required for issuance of obligations.
Except as may be expressly provided in this article, no proceeding, notice or approval shall
be required for the issuance of any project obligations, the execution of any mortgage and
deed of trust, trust indenture or other document or the exercise of any other of the powers
of the authority. Neither a public hearing nor the consent of the state Department of Finance
shall be prerequisite to the issuance of project obligations by the authority. (Acts 1993,
1st Ex. Sess., No. 93-851, p. 79, §1.)...
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11-15-10
Section 11-15-10 Warrants - Notice of warrant resolution; actions to question proceedings for
issuance; invalidate warrants, etc. Upon the adoption by the board of any resolution providing
for the issuance of warrants, the corporation may, in its discretion, cause to be published
once a week for two consecutive weeks in a newspaper published and having general circulation
in the county and, if there is no such newspaper published in the county, then in a newspaper
having general circulation therein, a notice in substantially the following form (blanks being
properly filled in): "_____, a public corporation in _____ county and a political subdivision
of the State of Alabama, on the_____ day of ______, authorized the issuance of $_____ principal
amount of revenue warrants of the said corporation for purposes authorized in the act of the
Legislature of Alabama under which the said corporation was organized. Any civil action or
proceeding questioning the validity of the said warrants, or...
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41-10-28
Section 41-10-28 Execution of bonds and interest coupons; form, terms, denominations, etc.,
of bonds; sale; refunding bonds; liability upon bonds; pledges of certain funds as security
for payment of principal and interest on bonds generally; bonds to be deemed negotiable instruments;
bonds and income therefrom exempt from taxation; use of bonds as security for deposits of
funds of state, etc.; investment of certain state funds and private trust funds in bonds;
public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of
bonds. The bonds of the authority shall be signed by its president and attested by its secretary,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to such bonds shall be signed by the president; provided, that a facsimile of the signature
of one, but not both, of said officers may be printed or otherwise reproduced on any such
bonds in lieu of being manually subscribed thereon, a facsimile of the...
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16-65-13
Section 16-65-13 Interest of bondholders protected; enforceability. While any of the bonds
issued by the authority remain outstanding, the powers, duties, or existence of the authority
or of any of its officers shall not be diminished or impaired in any manner that will affect
adversely the interest and rights of the holders of such bonds. The provisions of this chapter
shall be for the benefit of the state, the authority, and the holders of any such bonds, and
upon the issuance of the bonds as herein provided, such provisions shall constitute a contract
with the holders of such bonds. The provisions of any bond resolution, indenture, or trust
agreement shall be a contract with every holder of such bonds and the duties of the authority
under any such bond resolution, indenture, or trust agreement shall be enforceable by any
bondholder by mandamus or other appropriate suit, action, or proceeding at law or in equity.
(Acts 1997, No. 97-388, p. 632, §13.)...
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16-18A-11
Section 16-18A-11 Interest of bondholders protected; enforceability. While any of the revenue
bonds issued by the authority remain outstanding, the powers, duties or existence of the authority
or of any of its officers shall not be diminished or impaired in any manner that will affect
adversely the interest and rights of the holders of such revenue bonds. The provisions of
this chapter shall be for the benefit of the state, the authority and the holders of any such
revenue bonds, and, upon the issuance of the revenue bonds as herein provided, such provisions
shall constitute a contract with the holders of such revenue bonds. The provisions of any
bond resolution, indenture or trust agreement shall be a contract with every holder of such
revenue bonds and the duties of the authority under any such bond resolution, indenture or
trust agreement shall be enforceable by any bondholder by mandamus or other appropriate suit,
action or proceeding at law or in equity. (Acts 1979, No. 79-322, p....
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24-1-32
Section 24-1-32 Form, denominations, terms, etc., of bonds; sale of bonds; issuance of interim
certificates, etc. The bonds of the authority shall be authorized by its resolution and shall
be issued in one or more series and shall bear such date or dates, mature at such time or
times, not exceeding 60 years from their respective dates, bear interest at such rate or rates,
per annum payable at the time or times, be in such denominations, which may be made interchangeable,
be in such form, either coupon or registered, carry such registration privileges, 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, as such resolution or its trust indenture
or mortgage may provide. The bonds shall be sold by public or private sale as determined by
the authority. Any public sale of bonds shall be conducted after notice published, at least
10 days prior to the sale in a newspaper published in...
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11-56-15
Section 11-56-15 Bonds - Remedies upon default in payment of principal or interest on bonds.
If there shall be any default in the payment of the principal of or interest on any bonds
issued under this chapter, then the holder of any of the bonds and of any of the interest
coupons applicable thereto and the trustee under any indenture, or any one or more of them,
may by civil action, mandamus or other proceeding compel performance of all duties of the
officers and directors of the corporation with respect to the use of funds for the payment
of the bonds and for the performance of the agreements of the corporation contained in the
proceedings under which they were issued and compel performance of the duties of all officials
of each local subdivision and public corporation which is a lessee under any lease pledged
as security for the bonds so in default with respect to payment of the rentals provided to
be paid under any such lease and, regardless of the sufficiency of the security for...
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