11-50A-20
Section 11-50A-20 Trust agreement. In the discretion of the authority, any issue of bonds may
be secured by a trust agreement or indenture made by the authority with a corporate trustee,
which may be any trust company or bank within or without the state having the powers of a
trust company. The trust agreement or indenture may pledge or assign any revenues to be received
by the authority and any proceeds which may be derived from the disposition of any real or
personal property of the authority or proceeds of insurance carried thereon. The resolution
providing for the issuance of bonds and the trust agreement or indenture may contain any provisions
the authority deems necessary or appropriate for protecting and enforcing the rights and remedies
of the bondholders, including the right of appointment of a receiver upon default in the payment
of any principal or interest obligation and the right of any receiver or trustee to enforce
collection of any rates, fees, tolls, charges, or...
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16-16-7
Section 16-16-7 Powers generally. The authority shall have the following powers: (1) To have
succession by its corporate name until the principal of and interest on all bonds issued by
it shall have been fully paid; (2) To sue and be sued and to prosecute and defend in any court
having jurisdiction of the subject matter and of the parties thereto; (3) To have and to use
a corporate seal and to alter the seal at pleasure; (4) To establish a fiscal year; (5) To
provide for the construction, reconstruction, alteration and improvement of public buildings
and other facilities for public educational purposes in the state, including the procurement
of sites and equipment therefor; (6) To anticipate by the issuance of its bonds the receipt
of the revenues herein appropriated and pledged; (7) As security for the payment of the principal
of and interest on its bonds, to pledge the proceeds of the appropriations and pledges herein
provided for; and (8) To appoint and employ such attorneys and...
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37-13-14
Section 37-13-14 Bonds of authority - Disposition of proceeds from sale of bonds. The proceeds
derived from the sale of any bonds (other than refunding bonds) may be used only to pay the
costs of acquiring, constructing, improving, enlarging and equipping the railroad properties
and facilities, or other property with respect to which they were issued, as may be specified
in the proceedings in which the bonds are authorized to be issued. Such costs shall be deemed
to include the following: the costs of any land or easements forming a part of such railroad
properties and facilities or other property; the cost of labor, material and supplies used
in any such construction, improvement or enlargement, including architects' and engineers'
fees, and the cost of preparing contract documents and advertising for bids; the purchase
price of, and the cost of installing equipment for use in connection with, such railroad properties
and facilities or other property; the cost of constructing and...
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11-86A-14
Section 11-86A-14 Execution of bonds and interest coupons; form, terms, denominations, etc.,
of bonds; validation of bonds; sale; refunding bonds. (a) Bonds of an authority shall be signed
by the chair and attested by the secretary, the seal of the authority shall be affixed thereto,
and any interest coupons applicable to the bonds shall be signed by the chair; provided that
a facsimile of the signature of the officers may be printed or otherwise reproduced on any
bonds in lieu of being manually subscribed. A facsimile of the seal of the authority may be
printed or otherwise produced on any bonds in lieu of being manually affixed thereto, and
a facsimile of the chair's signature may be printed or otherwise reproduced on any interest
coupons in lieu of being manually subscribed, provided, that the bonds have been manually
authenticated by a transfer agent of the bond issue. Delivery of the bonds executed shall
be valid notwithstanding any changes in officers or in the seal of the...
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14-2-21
Section 14-2-21 Bonds - Security. The principal of, premium, if any, and interest on the bonds
of the authority shall be secured by any or all of the following, as the authority may determine:
(1) The rent and revenue for the use of one or more facilities of the authority; (2) The net
rent or sale proceeds from the Kilby property; (3) Any bond proceeds remaining unexpended
upon completion of all facilities to be constructed with such bond proceeds and the payment
of the cost thereof; (4) Any insurance proceeds which the authority may receive by reason
of its ownership of any of the facilities; and (5) Any mortgage upon or security interest
in one or more facilities of the authority, granted in connection with the issuance of such
bonds. The authority shall have authority to transfer and assign any lease of any of the facilities
and any lease or mortgage of the Kilby property as security for the payment of such principal,
premium, if any, and interest. The bonds may be issued under, and...
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23-1-175.1
Section 23-1-175.1 Infrastructure improvements. (a) In order to accomplish infrastructure improvements
contemplated for the benefit of the Alabama State Docks, the Alabama Highway Finance Corporation
shall have the following powers, in addition to all powers set forth in this article. (1)
To borrow money and issue its bonds in evidence thereof, in a principal amount not to exceed
one hundred fifty million dollars ($150,000,000), for the purpose of financing the widening
and deepening of the Mobile Ship Channel and improvements related thereto. No bond issued
by the corporation for this purpose shall have a specified maturity date later than twenty
years after its issuance date. (2) To issue from time to time one or more series of refunding
bonds for the purpose of refunding any bonds issued pursuant to subdivision (1) or bonds previously
issued to refund such bonds, in any case, however, having a final maturity that is not later
than the final maturity of the bonds being refunded. (3)...
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41-10-318
Section 41-10-318 Security for bonds. The principal of, premium, if any, and interest on the
bonds of the authority shall be secured by any or all of the following, as the authority may
determine: (1) The rent and revenues from the lease or use of one or more facilities of the
authority; (2) The proceeds from any sale of any facilities of the authority; (3) Any bond
proceeds remaining unexpended upon completion of all facilities to be constructed with such
bond proceeds and the payment of the cost thereof; (4) Any insurance proceeds which the authority
may receive by reason of its ownership of any of the facilities; and (5) Any mortgage upon
or security interest in one or more facilities of the authority, granted in connection with
the issuance of such bonds. The authority shall have authority to transfer and assign any
lease or mortgage of any of its facilities as security for the payment of such principal,
premium, if any, and interest. The bonds may be issued under, and secured by,...
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41-10-508
Section 41-10-508 Security. The principal of, premium, if any, and interest on the bonds of
the authority shall be secured by any or all of the following, as the authority may determine:
(1) The rent and revenues from the lease or use of one or more facilities of the authority;
(2) The proceeds from any sale of any facilities of the authority; (3) Any bond proceeds remaining
unexpended upon completion of all facilities to be constructed with such bond proceeds and
the payment of the cost thereof; (4) Any insurance proceeds which the authority may receive
by reason of its ownership of any of the facilities; and (5) Any mortgage upon or security
interest in one or more facilities of the authority, granted in connection with the issuance
of such bonds. The authority shall have authority to transfer and assign any lease or mortgage
of any of its facilities as security for the payment of such principal, premium, if any, and
interest. The bonds may be issued under, and secured by, a...
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9-14A-2
Section 9-14A-2 Legislative findings. The Legislature hereby finds and declares that it is
necessary, desirable and in the public interest that the state parks system, public historical
sites, and public historical parks be maintained and improved. It is the intention of the
Legislature by the passage of this chapter to authorize the formation of two public corporations
for the purposes of providing for the acquisition, provision, construction, improvement, renovation,
equipping, and maintenance of the state parks system, public historical sites, and public
historical parks, and to authorize the corporations to provide for payment of the costs of
accomplishing the stated purposes by implementing Amendment 617 to the Constitution of Alabama
of 1901 authorizing the issuance by the state of up to $110,000,000 in aggregate principal
amount of general obligation bonds, which amendment was proposed by Act 98-413 and ratified
by the electors of the state at the 1998 General Election, and by...
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14-2-26
Section 14-2-26 Kilby property - Sale or lease by authority. (a) The authority shall have the
power to sell, convey and lease all or any part of the Kilby property and, as an aid to such
sale or lease, to cause to be prepared by competent real estate experts a land use map and
plan. No such sale or lease shall be made, however, except at public offering, on sealed bids
or at auction, and upon such published notice as the authority shall determine to be necessary
or desirable in order to attract the greatest interest from prospective bidders. Notice of
any public sale or lease shall, in any event, be given by publication in at least three newspapers
of general circulation published in the state at least three times, the first notice to be
published not less than 60 days before the date of such public offering, the second notice
to be published not less than 30 days nor more than 40 days before such public offering and
the third notice to be published not less than 10 days nor more than...
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