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11-50-346
Section 11-50-346 Execution of trust agreement as security for payment of revenue bonds authorized;
provisions in trust agreements or resolutions for issuance of bonds generally. In the discretion
of the board, any revenue bonds issued under the provisions of this article may be secured
by a trust agreement by and between the board and a corporate trustee, which may be any trust
company or bank having the powers of a trust company within or without the state. Such trust
agreement or resolution providing for the issuance of such bonds may pledge or assign the
revenues to be received, but shall not convey or mortgage any water system or sewer system
or any part thereof. Such trust agreement or resolution providing for the issuance of such
bonds may contain such provisions for protecting and enforcing the rights and remedies of
the bondholders as may be reasonable and proper and not in violation of law, including covenants
setting forth the duties of the board in relation to the...
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11-50-345
Section 11-50-345 Issuance of revenue bonds authorized; form, terms, denominations, etc.; execution,
sale, etc.; disposition of proceeds from sale of bonds; issuance of interim receipts or temporary
bonds. (a) Any board of water and sewer commissioners created under the provisions of this
article is hereby authorized by resolution, at one time or from time to time, to issue revenue
bonds of the board for the purpose of paying all or any part of the cost of any water system
or sewer system or any combination thereof and the cost of any improvements, extensions, and
additions and for the purpose of refunding any bonds or obligations assumed by the board in
connection with the acquisition of such system or systems or part thereof. The principal of
and the interest on such bonds shall be payable solely from the funds provided by this article
for such payment. The bonds of each issue shall be dated, shall bear interest at such rate
or rates not exceeding 10 percent per annum, shall mature...
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41-10-94
Section 41-10-94 Notice of resolution authorizing issuance of bonds; limitation period for
actions contesting validity of bonds, etc. (a) Upon the adoption by the board of any resolution
providing for the issuance of bonds, the corporation may, in its discretion, cause to be published
once a week for two consecutive weeks in a newspaper published in the county 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 chairman or secretary of the corporation: "Notice of
proposed issuance of revenue bonds of _____ (name of corporation). The above named public
corporation which is a political subdivision of the State of Alabama on the _____ day of _____,
adopted a resolution authorizing the issuance of $_____ principal amount of the revenue bonds
of said corporation for ______, which is a project authorized and permitted by the act of
the Legislature of Alabama under which said corporation was...
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11-50-237
Section 11-50-237 Execution, sale, etc., of bonds and refunding bonds of corporation generally;
terms, denominations, etc., thereof; charge, application, etc., of revenues from systems to
payment of bonds, etc., generally; vesting of title to systems in municipality and dissolution
of corporation upon payment of bonds in full. (a) All bonds issued by any corporation organized
under this division shall be signed by the chairman of its board of directors or other chief
executive officer and attested by its secretary, and the seal of such corporation shall be
affixed thereto. Any interest coupons applicable to the bonds of such corporation shall be
signed by the chairman of the board of directors or other chief executive officer, but a facsimile
of such signature may be impressed on any such interest coupon in lieu of his manually signing
the same. Any such bonds may be executed and delivered by such corporation at any time and
from time to time, shall be in such form and denominations...
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11-101A-2
Section 11-101A-2 Definitions. As used in this chapter, the following terms shall have the
following meanings, respectively, unless the context clearly indicates otherwise: (1) APPLICANT.
A natural person who files a written application with the governing body of a county or municipality,
or two or more thereof, in accordance with Section 11-101A-3. (2) AUTHORITY. A public corporation
organized pursuant to this chapter. (3) AUTHORIZING RESOLUTION. A resolution adopted by the
governing body of an authorizing subdivision in accordance with Section 11-101A-3, that authorizes
the incorporation of an authority under this chapter. (4) AUTHORIZING SUBDIVISION. Each county
and municipality with the governing body of which an application for the incorporation of
an authority under this chapter is filed. (5) BOARD. The board of directors of an authority.
(6) BONDS. Any bonds authorized to be issued by an authority hereunder, including refunding
bonds. (7) CODE. The Code of Alabama 1975. (8)...
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11-20-40
Section 11-20-40 Bonds - Notice of resolution authorizing issuance of bonds; limitation period
for actions, etc., as to validity of proceedings for issuance of bonds, etc. Upon the adoption
by the board of directors of any resolution providing for the issuance of bonds, the corporation
may, in its discretion, cause to be published once a week for two consecutive weeks, in a
newspaper published in the county 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 chairman or secretary of the corporation: "_____, a public corporation under the
laws of the State of Alabama, on the ___ day of _____, authorized the issuance of $_____ principal
amount of revenue bonds of the said corporation for purposes authorized in the act of the
Legislature of Alabama under which the said corporation was organized. Any action or proceeding
questioning the validity of the said bonds, the pledge and mortgage to...
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11-22-11
Section 11-22-11 Bond issues - Notice of authorization of issuance; contesting of validity.
Upon the adoption by the board of directors of any resolution providing for the issuance of
bonds, the corporation may, in its discretion, cause to be published once a week for two consecutive
weeks, in a newspaper published in the county, 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 chairman or secretary of the corporation: "_____, a public corporation
under the laws of the State of Alabama, on the ____ day of _____, authorized the issuance
of $_____ principal amount of revenue bonds of the said corporation for purposes authorized
in the act of the Legislature of Alabama under which the said corporation was organized. Any
action or proceeding questioning the validity of the said bonds, or the pledge and mortgage
or deed of trust to secure the same, or the proceedings authorizing the same,...
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45-49-90.09
Section 45-49-90.09 Notice of bond resolution. (a) Upon the adoption by the board of directors
of any resolution providing for the issuance of bonds, the corporation, in its discretion,
may cause to be published once a week for two consecutive weeks, in a newspaper published
in the county, 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 chair or secretary
of the corporation: "___, a public corporation under the laws of the State of Alabama,
on the ___ day of ___, authorized the issuance of $___ principal amount of revenue bonds of
the corporation for purposes authorized in the act of the Legislature of Alabama under which
the corporation was organized. Any action or proceeding questioning the validity of the bonds,
the pledge, and mortgage to secure the same, any lease or sale of an industrial site to be
financed by the bonds, or the proceedings...
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37-13-19
Section 37-13-19 Notice of bond resolution. Upon the adoption by the board of any resolution
providing for the issuance of bonds, the authority may in its discretion cause to be published
once a week for two consecutive weeks, in a newspaper that is customarily published in this
state not less than five days in each calendar week and distributed in the county in which
is located the principal office of the authority, a notice in substantially the following
form (the blanks being properly filled in) at the end of which there shall be printed the
name and title of either the chairman or secretary of the authority: "___, a public corporation
of the State of Alabama, on the ____ day of ___, authorized the issuance of $___ principal
amount of revenue bonds of the said corporation for purposes authorized in the act of the
Legislature of Alabama under which the said corporation was organized. Any action or proceeding
questioning the validity of the said bonds, or the pledge and any...
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4-3-15
Section 4-3-15 Publication of notice of bond resolution; limitation period for proceedings
to challenge validity of bonds, proceedings for issuance, etc. Upon the adoption by the board
of any resolution providing for the issuance of bonds, the authority may, in its discretion,
cause to be published, once a week for two consecutive weeks, in a newspaper that is customarily
published in this state not less than five days in each calendar week and distributed in the
county in which is located the principal office of the authority, a notice in substantially
the following form (the blanks being properly filled in) at the end of which there shall be
printed the name and title of either the chairman or secretary of the authority: "___,
a public corporation of the State of Alabama, on the ____ day of ______, authorized the issuance
of $_____ principal amount of revenue bonds of the said corporation for purposes authorized
in the act of the Legislature of Alabama under which the said...
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