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11-22-9
Section 11-22-9 Bond issues - Funds for payment; execution; form; redemption; sale;
refunding; negotiable instruments. (a) All bonds issued by the corporation shall be payable
solely out of the revenues and receipts derived from the operation, leasing or sale by the
corporation of its projects or of any thereof as may be designated in the proceedings of the
board of directors under which the bonds shall be authorized to be issued. (b) Such bonds
may be executed and delivered by the corporation at any time and from time to time, may be
in such form and denominations and of such tenor and maturities, may be in registered or bearer
form either as to principal or interest or both, may be payable at such time or times not
exceeding 40 years from the date thereof, may be payable at such place or places whether within
or without the State of Alabama, may bear interest at such rate or rates payable at such time
or times and at such place or places and evidenced in such manner, may be executed...
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11-60-9
Section 11-60-9 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; refunding of bonds. All bonds issued by the corporation shall be payable
solely out of the revenues and receipts derived from the operation, leasing or sale by the
corporation of its projects or of any thereof as may be designated in the proceedings of the
board of directors under which the bonds shall be authorized to be issued. Such bonds may
be executed and delivered by the corporation at any time and from time to time, may be in
such form and denominations and of such tenor and maturities, may be in registered or bearer
form either as to principal or interest or both, may be payable at such time or times, not
exceeding 40 years from the date thereof, may be payable at such place or places whether within
or without the State of Alabama, may bear interest at such rate or rates payable at such time
or times and at such place or places and evidenced in such manner, may be executed by...
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11-54-89
Section 11-54-89 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; refunding of bonds. All bonds issued by the industrial development board
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board of directors under which the bonds shall be authorized to be issued. Such bonds
may be executed and delivered by the board at any time and from time to time, may be in such
form and denominations and of such tenor and maturities, may be in registered or bearer form
either as to principal or interest or both, may be payable in such installments and at such
time or times, not exceeding 40 years from the date thereof, may be payable at such place
or places whether within or without the State of Alabama, may bear interest at such rate or
rates payable at such time or times and at such place or places and evidenced in such manner,...
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45-49-90.08
Section 45-49-90.08 Bonds of the corporation. (a) All bonds issued by the corporation
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the corporation of its industrial sites or of any thereof as may be designated in the proceedings
of the board of directors under which the bonds shall be authorized to be issued. (b) Such
bonds may be executed and delivered by the corporation at any time and from time to time,
may be in such form and denominations and of such tenor and maturities, may be in registered
or bearer form either as to principal or interest or both, may be payable at such time or
times, not exceeding 40 years from the date thereof, may be payable at such place or places
whether within or without the State of Alabama, may bear interest at such rate or rates payable
at such time or times and at such place or places and evidence in such manner, may be executed
by such officers of the corporation and in such manner and may contain such...
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11-20-38
Section 11-20-38 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; refunding of bonds. All bonds issued by the corporation shall be payable
solely out of the revenues and receipts derived from the leasing or sale by the corporation
of its projects or of any thereof as may be designated in the proceedings of the board of
directors under which the bonds shall be authorized to be issued. Such bonds may be executed
and delivered by the corporation at any time and from time to time, may be in such form and
denominations and of such tenor and maturities, may be in registered or bearer form either
as to principal or interest or both, may be payable at such time or times, not exceeding 40
years from the date thereof, may be payable at such place or places whether within or without
the State of Alabama, may bear interest at such rate or rates payable at such time or times
and at such place or places and evidence in such manner, may be executed by such...
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11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution,
sale, delivery, redemption, etc.; security for payment of principal or interest; remedies
upon default; liability of municipalities, board, etc., thereupon. (a) Any authority shall
have power to issue from time to time its bonds and notes in such principal amount as its
board shall determine to be necessary to provide sufficient funds for achieving any of its
corporate purposes, including the payment of interest on any of its notes and bonds, the establishment
of reserves to secure any such notes and bonds and all other expenditures of such authority
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
authority shall also have the power to issue from time to time notes to renew notes and bonds
to pay notes, including interest thereon and, whenever it deems refunding expedient, to refund
any bonds by the issuance of new bonds, whether the bonds to be refunded...
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11-92A-14
Section 11-92A-14 Bonds of authority. (a) Bonds of an authority shall be signed by its
chairman and attested by its secretary, the seal of the authority shall be affixed thereto,
and any interest coupons applicable to said bonds shall be signed by the chairman; provided
that a facsimile of the signature of said officers may be printed or otherwise reproduced
on any such bonds in lieu of being manually subscribed thereon, a facsimile of the seal of
the authority may be printed or otherwise produced on any such bonds in lieu of being manually
affixed thereto, and a facsimile of the chairman's signature may be printed or otherwise reproduced
on any such interest coupons in lieu of being manually subscribed thereon, provided that the
bonds have been manually authenticated by a transfer agent of the bond issue. Delivery of
the bonds so executed shall be valid notwithstanding any changes in officers or in the seal
of the authority after the signing and sealing of the bonds. (b) Any bonds may...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state,
shall execute a compact, in substantially the following form, with the State of Mississippi,
and the Legislature approves and ratifies the compact in the form substantially as follows:
Northeast Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states
solemnly agree: Article I. The purpose of this compact is to promote and develop trade, commerce,
industry, and employment opportunities for the public good and welfare in northeast Mississippi
and northwest Alabama through the establishment of a joint interstate authority to acquire
certain railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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11-59-9
Section 11-59-9 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; refunding of bonds. All bonds issued by the corporation shall be revenue
bonds and shall be payable solely out of the revenues derived from the leasing or operation
by the corporation of its facilities or of any thereof as may be designated in the proceedings
of the board of directors under which they shall be authorized to be issued. Such bonds may
be executed and delivered by the corporation at any time and from time to time, may be in
such form and denominations and of such tenor and maturities, may be in registered or bearer
form either as to principal or interest or both, may be payable in such installments and at
such time or times, not exceeding 40 years from the date thereof, may be payable at such place
or places whether within or without the State of Alabama, may bear interest at such rate or
rates payable at such time or times and at such place or places and evidenced in...
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41-10-44.11
Section 41-10-44.11 Publication of notice; time limitation on actions questioning bonds
or proceedings. Upon the adoption by the board of directors of the authority of any resolution
providing for the issuance of project obligations, the authority may, in its discretion, cause
to be published once a week for two consecutive weeks, in newspapers published or having a
general circulation in the Cities of Birmingham, Montgomery, Huntsville and Mobile, a notice
in substantially the following form (the blanks being properly filled in) at the end of which
shall be printed the name and title of either the president or the secretary of the authority:
"The State Industrial Development Authority, a public corporation under the laws of the
State of Alabama, on the ______ day of ___, authorized the issuance of $___ principal amount
of bonds or other obligations of the said public corporation for purposes authorized in Title
41, Chapter 10, Article 2A. The proceeds from the sale of the said...
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