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22-3A-8
Section 22-3A-8 Issuance of bonds. For the purposes of acquiring, constructing, installing
and equipping public health facilities, the authority is hereby authorized to issue and sell
from time to time its bonds, which bonds may be in the form of interest-bearing bonds or noninterest-bearing
bonds. Other than refunding bonds, the aggregate principal amount of bonds issued under this
chapter shall not exceed $45,000,000.00; provided, however, that, if the authority determines
that the total net amount of bond proceeds available to provide funds for paying the costs
of acquiring, constructing, improving, and equipping public health facilities (excluding underwriting
discount, other issuance expenses and 10 percent of the principal amount of such bonds to
be used to capitalize or fund a debt service reserve fund as authorized by Section 22-3A-16(b)),
plus the interest income, not exceeding $2,000,000.00, earned on such net amount of bond proceeds
pending expenditure thereof, will be less...
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41-10-490
Section 41-10-490 Definitions. For the purposes of this article, the following terms shall
have the meanings respectively ascribed to them by this section: (1) AUTHORITY. The public
corporation organized pursuant to the provisions of this article. (2) CODE. The Code of Alabama
1975, as amended. (3) REFUNDING BONDS. Those refunding bonds issued under the provisions of
Section 41-10-502. (4) STATE. The State of Alabama. (5) BONDS. Those bonds, including without
limitation refunding bonds, issued under the provisions of this article. (6) FACILITIES. A
multi-storied vehicle parking and storage facility and appurtenanaces necessary or incidental
to the operation of such facility, to be constructed and erected on, or attached to, that
block of land bounded by the following streets: Pelham, Jackson, Washington, and South Ripley
in the Capitol complex in the City of Montgomery, Alabama. (7) PERMITTED INVESTMENTS. United
States Securities, certificates of deposit fully secured by United States...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-490.htm - 2K - Match Info - Similar pages
11-88-102
Section 11-88-102 Authorization and procedure generally for settlement, adjustment, or refunding
of bonds. The board shall have the power to settle, adjust, and refund any bonds issued under
this article, whether such bonds have already become due and payable or are about to become
due and payable or are callable according to their terms, when the board deems it to the best
interest of the authority to call said bonds and raise funds for the payment thereof by the
sale of bonds as authorized in this article; provided, that all sums derived from the payment
of assessments and being in the hands of the authority at the time of such refunding shall
be first applied to the payment of the outstanding bonds, and refunding bonds shall be issued
only in such amount as shall be necessary to raise the difference between the amount required
for the payment of the outstanding bonds and the amount held for the payment thereof. (Acts
1973, No. 826, p. 1293, ยง62.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-102.htm - 1K - Match Info - Similar pages
11-89B-5
Section 11-89B-5 Use of moneys derived from sale of bonds. All moneys derived from the sale
of any such bonds issued by such public corporation shall be used solely for the purpose or
purposes for which the same are authorized, including the funding of all or part of any reserve
funds which may be required for debt service, replacement and extension or capital improvements,
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 and security for the bonds, including, without limitation, the charges,
premiums or fees in connection with any debt service insurance or letter of credit or other
additional security given with respect to its bonds, whether such amounts are to be paid in
a lump sum or over a period of time; (2) Interest on bonds in the case of bonds issued to
pay costs of construction or, if a part only of any series of bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89B-5.htm - 1K - Match Info - Similar pages
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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16-18B-7
Section 16-18B-7 Bonds - Issuance and sale. The bonds issued pursuant to this article shall
not be obligations of said corporation but shall be general obligations of the state with
the full faith and credit and taxing power of the state to be pledged to the prompt and faithful
payment of the principal thereof and the interest and redemption premium (if any) thereon.
The proceeds from the sale of the bonds shall be used exclusively for the purposes described
in the aforesaid constitutional amendment. The bonds may be sold and issued in one or more
series at any time and from time to time, may have such series designations, may be in such
forms, principal amounts, denominations and numbers, may be of such tenor and maturities,
may bear such date or dates, may be payable in such installments and at such time or times,
may be payable at such place or places within or without the state, may bear interest at such
rate or rates payable and evidenced in such manner, may contain provisions for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18B-7.htm - 1K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23B-7.htm - 4K - Match Info - Similar pages
5-11A-5
Section 5-11A-5 Deposit of security for operation of trust business - Amount required and form;
charges against deposit. Any corporation organized and operating as a trust company or as
a bank authorized by law to do a trust business may deposit with the State Treasurer or elsewhere
United States bonds, bonds, notes or debentures of any federal agency such as a federal land
bank, banks for cooperatives, Farm Home Administration, Federal National Mortgage Association,
etc., Alabama bonds, bonds of any city or county in the State of Alabama or mortgages which
are first liens on real estate, worth in each case double the face of the mortgage, situated
in this state, to an amount not less than $25,000.00, and may increase said deposit from time
to time or reduce the same to an amount not less than $25,000.00, or may withdraw the deposit
entirely, provided such trust companies or banks have made final settlement and accounted
for all assets in their possession and under their control by...
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9-9-37
Section 9-9-37 Bonds - Issuance. The board of water management commissioners may issue bonds
of the water management district from time to time for an amount equal in the aggregate to
the total cost of the improvement including all preliminary organization and administration
expenses not heretofore provided for, less such amounts as shall have been paid in cash to
the district treasurer. In no case, however, shall the par value of the bonds issued plus
such amounts as shall have been paid in cash to the district treasurer exceed 90 percent of
the aggregate of benefits assessed against the land or other property. The bonds shall be
numbered serially and shall bear interest not to exceed six percent per annum, payable semiannually,
and shall mature at annual intervals within 40 years commencing after a period of years not
later than five years to be determined by the board of water management commissioners, and
said bonds shall be signed by the president of the board of water management...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-9-37.htm - 3K - Match Info - Similar pages
41-10-268
Section 41-10-268 Authorization, issuance and sale of bonds. The authority is hereby authorized
from time to time to sell and issue its interest-bearing or noninterest-bearing bonds, in
one or more series, not to exceed an aggregate principal amount of $40,000,000.00, excluding
refunding bonds described in Section 41-10-277, for the purpose of providing funds for the
acquisition, construction, installation and equipping of judicial facilities, and for payment
of obligations incurred for any of said purposes. Bonds of the authority may be in such form
and denominations, may be of such tenor, may be payable in such installments and at such time
or times not exceeding 30 years from their date, may be payable at such place or places, may
be redeemable at such times and under such conditions, may bear interest at such rate or rates
payable and evidenced in such manner or may be structured to bear no interest or to reflect
compound interest and may be secured in such manner, all as shall not...
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