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11-47-231
Section 11-47-231 Bonds as legal investments. The bonds of an authority shall be legal investments
in which the state and its agencies and instrumentalities, all counties, municipalities, and
other political subdivisions of the state and public corporations organized under the laws
thereof, all insurance companies and associations and other persons carrying on an insurance
business, all banks, savings banks, savings and loan associations, trust companies, credit
unions, and investments companies of any kind, all administrators, guardians, executors, trustees
and other fiduciaries, and all other persons whosoever are now or may hereafter be authorized
to invest in bonds or other obligations of the state, may properly and legally invest funds
in their control or belonging to them. (Acts 1996, No. 96-320, p. 361, §13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-231.htm - 1K - Match Info - Similar pages
11-62-11
Section 11-62-11 Investment in bonds and notes by state, counties, municipalities, etc. The
notes and bonds of any authority shall be legal investments in which the state and its agencies
and instrumentalities, all counties, municipalities, and other political subdivisions of the
state and public corporations organized under the laws thereof, all insurance companies and
associations and other persons carrying on an insurance business, all banks, savings banks,
savings and loan associations, trust companies, credit unions, and investment companies of
any kind, all administrators, guardians, executors, trustees, and other fiduciaries and all
other persons whatsoever who are now or may hereafter be authorized to invest in bonds or
other obligations of the state may properly and legally invest funds in their control or belonging
to them. (Acts 1979, No. 79-332, p. 506, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-11.htm - 1K - Match Info - Similar pages
11-89A-20
Section 11-89A-20 Bonds of authority as legal investments. The bonds of any authority shall
be legal investments in which the state and its agencies and instrumentalities, all counties,
municipalities and other political subdivisions of the state and public corporations organized
under the laws thereof, all insurance companies and associations and other persons carrying
on an insurance business, all banks, savings banks, savings and loan associations, trust companies,
credit unions and investment companies of any kind, all administrators, guardians, executors,
trustees and other fiduciaries, and all other persons whosoever are now or may hereafter be
authorized to invest in bonds or other obligations of the state, may properly and legally
invest funds in their control or belonging to them. (Acts 1980, No. 80-278, p. 368, §21.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89A-20.htm - 1K - Match Info - Similar pages
11-97-22
Section 11-97-22 Bonds of corporation as legal investments. The bonds of any corporation shall
be legal investments in which the state and its agencies and instrumentalities, all counties,
municipalities, and other political subdivisions of the state and public corporations organized
under the laws thereof, all insurance companies and associations and other persons carrying
on an insurance business, all banks, savings banks, savings and loan associations, trust companies,
credit unions, and investment companies of any kind, all administrators, guardians, executors,
trustees, and other fiduciaries, and all other persons whatsoever are now or may hereafter
be authorized to invest in bonds or other obligations of the state, may properly and legally
invest funds in their control or belonging to them. (Acts 1984, No. 84-314, p. 695, §22.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-22.htm - 1K - Match Info - Similar pages
23-7-27
Section 23-7-27 Construction and use of bonds. (a) The bonds issued by the bank are legal investments
in which all public officers or public bodies of the state, its political subdivisions, all
municipalities and political subdivisions, all insurance companies and associations and other
persons carrying on insurance business, all banks, bankers, banking associations, trust companies,
savings banks, savings associations, including savings and loan association investment companies,
and other persons carrying on a banking business, all administrators, guardians, executors,
trustees, and other fiduciaries, and all other persons who are now or may be authorized in
the future to invest in bonds or other obligations of the state, may invest funds in their
control or belonging to them. (b) The bonds of the bank are also securities which may be deposited
with and received by all public officers and bodies of the state or any agency or political
subdivision of the state and all municipalities...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-7-27.htm - 1K - Match Info - Similar pages
45-46-90.06
Section 45-46-90.06 Powers of the authority. (a) The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time which may be perpetuity,
subject to Section 45-46-90.18, specified in its certificate of incorporation. (2) To sue
and be sued in its own name in civil suits and actions, excepting actions in tort, and to
defend suits against it. (3) To adopt and make use of a corporate seal and to alter the same
at pleasure. (4) To adopt and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, receive, and take, by purchase, gift, lease, devise, or otherwise,
and to hold property of every description, real, personal, or mixed. (6) To make, enter into,
and execute such contracts, agreements, leases, and other instruments and to take such other
actions as may be necessary or convenient to accomplish any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46-90.06.htm - 9K - Match Info - Similar pages
11-50A-16
Section 11-50A-16 Bonds as legal investments. The bonds, bond anticipation notes and notes
authorized in this chapter shall be securities in which all public officers and bodies of
this state and all political subdivisions, all insurance companies and associations, and other
persons carrying on an insurance business, all banks, bankers, trust companies, savings banks,
and savings associations, including savings and loan associations, building and loan associations,
investment companies, and other persons carrying on a banking business, all administrators,
guardians, executors, trustees, and other fiduciaries and all other persons whatsoever who
are now or may hereafter be authorized to invest in bonds or other obligations of the state,
may properly and legally invest funds. The bonds, bond anticipation notes and notes shall
also be securities which may be deposited with and shall be received by all public officers
and bodies of this state and all political subdivisions for any purpose...
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41-10-467
Section 41-10-467 Bonds may be used to secure deposit and for investment of fiduciary funds.
The state and all public officers, municipal corporations, political subdivisions, and public
bodies, all banks, bankers, trust companies, savings banks and institutions, building and
loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees
and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging
to them or within their control in any bonds of the authority, and such bonds shall be authorized
security for all public deposits, it being the purpose of this article to authorize any persons,
firms, corporations, associations, political subdivisions, bodies, and officers, public or
private, to use any funds owned or controlled by them, including,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-467.htm - 1K - Match Info - Similar pages
24-1-36
Section 24-1-36 Investment by state, fiduciaries, banks, etc., in bonds, etc., issued by authorities.
Notwithstanding any restrictions on investments contained in any laws of this state, the state
and all public officers, municipal corporations, political subdivisions other than county
and public bodies, all banks, bankers, trust companies, savings banks and institutions, building
and loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations, and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees,
and other fiduciaries may legally invest any sinking funds, moneys, or other funds belonging
to them or within their control in any bonds or other obligations issued by a housing authority
pursuant to this article or issued by any public housing authority or agency in the United
States, when such bonds or other obligations are...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-36.htm - 2K - Match Info - Similar pages
11-11B-6
Section 11-11B-6 Legal investment status of securities. Securities issued under the authority
of this chapter shall be securities in which the state, the grantee, all counties and political
subdivisions of the state, their officers, boards, departments or agencies and all banks,
bankers, trust companies, savings and loan associations, investment companies and other persons
carrying on a banking business, all insurance companies and insurance associations and other
persons carrying on an insurance business, all administrators, executors, guardians, trustees
and other fiduciaries, and all other persons who now are or may hereafter be authorized to
invest in securities issued by a county, may properly and legally invest any funds, including
capital belonging to them or within their control. (Acts 1981, No. 81-797, p. 1399, §6.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-11B-6.htm - 1K - Match Info - Similar pages
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