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35-8-19
Section 35-8-19 Mortgage investments on condominium property. All persons, as defined in Section
35-8-2, including but not limited to insurance companies, banking organizations, mortgage
companies and savings and loan associations, may be permitted to invest in bonds, notes, and
evidences of indebtedness which are secured by mortgages or deeds of trust upon condominium
property or units thereof wherever such persons may invest and subject to all of the rules
and limitations applicable to such investment in bonds, notes, and evidences of indebtedness
which are secured by like instruments of the same priority upon real property. Where the applicable
limitations are dependent upon the type of use of the real property, only the type of use
of the particular unit or units which constitute the security for such investment shall be
taken into consideration for the purpose of such limitations. (Acts 1973, No. 1059, p. 1732,
§19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-8-19.htm - 1K - Match Info - Similar pages
45-16A-20.02
Section 45-16A-20.02 Funding. (a) In order to provide funds for payment of the costs of the
acquisition, establishment, purchase, construction, maintenance, enlargement, extension, lease,
or improvement of cable systems, telecommunications equipment, and telecommunications systems,
the City of Elba and municipal instrumentalities of the City of Elba, within the limitations
applicable under the Constitution of Alabama of 1901, may become indebted in an amount not
to exceed the costs and the costs incurred in issuing the indebtedness, and in evidence thereof
issue the municipality's or municipal instrumentality's warrants, bonds, or other evidences
of indebtedness, as the case may be, in the manner, tenor, and form as may be otherwise provided
by law, for the issuance of the municipality's or municipal instrumentality's warrants, bonds,
or other evidences of indebtedness generally. The warrants, bonds, or other evidences of indebtedness
issued pursuant to this section shall be payable...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-16A-20.02.htm - 3K - Match Info - Similar pages
41-4-16
Section 41-4-16 Consent of department prerequisite to issuance of securities by state commissions,
authorities, etc.; exceptions. No bonds or other evidences of indebtedness of any commission
or authority created to construct or reconstruct highway bridges, approaches and appurtenances
thereto, any state rural electrification authority, any electric membership corporation, any
power district, or any improvement authority shall be issued or sold until the consent to
the issuance and sale thereof shall have been given by the Department of Finance, to be evidenced
by the written approval of the Director of Finance. Such consent shall be granted only after
a public hearing and after a petition requesting such consent has been duly filed by the corporation,
authority, district, commission, or other body seeking such consent with the department more
than five days before the public hearing. The petition shall specify the plan or program of
the body seeking the consent and the uses to which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-4-16.htm - 2K - Match Info - Similar pages
6-6-750
Section 6-6-750 Definitions. For the purposes of this article, the following terms shall have
the meanings respectively ascribed to them by this section: (1) UNIT. Every county, city,
town, district, or other political subdivision in the state of Alabama. (2) OBLIGATIONS. Bonds,
warrants, certificates of indebtedness, and notes of a unit, including bonds, warrants, certificates
of indebtedness, and notes that are general obligations of the issuing unit and those that
are payable solely from a specified source. (3) DISTRICT ATTORNEY. The district attorney of
the judicial circuit for the county or, if such has been appointed by the district attorney,
an assistant district attorney who represents such county. (Acts 1935, No. 196, p. 582; Code
1940, T. 7, §169; Acts 1971, No. 972, p. 1734.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-6-750.htm - 1K - Match Info - Similar pages
27-5-7
Section 27-5-7 "Surety insurance" defined. "Surety insurance" includes:
(1) Fidelity insurance, which is insurance guaranteeing the fidelity of persons holding positions
of public or private trust; (2) Insurance guaranteeing the performance of contracts, other
than insurance policies, and guaranteeing and executing bonds, undertakings and contracts
of suretyship; and (3) Insurance indemnifying banks, bankers, brokers, financial or moneyed
corporations or associations against loss, resulting from any cause, of bills of exchange,
notes, bonds, securities, evidences of debt, deeds, mortgages, warehouse receipts or other
valuable papers, documents, money, precious metals, and articles made therefrom, jewelry,
watches, necklaces, bracelets, gems, precious and semiprecious stones, including any loss
while the same are being transported in armored motor vehicles or by messenger, but not including
any other risks of transportation or navigation; also, insurance against loss or damage to
such...
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45-37-162.01
Section 45-37-162.01 Definitions. For purposes of this part, the following terms have the following
meanings: (1) COUNTY. Jefferson County, Alabama. (2) DEBT. Indebtedness for borrowed money,
whether in the form of bonds, warrants, notes, or other similar instruments or capitalized
leases. (3) OFFICIAL STATEMENT. An official statement, offering memorandum, placement memorandum,
or a similar document prepared for distribution to investors or purchasers of debt. A preliminary
official statement refers to an official statement prepared for distribution to prospective
investors or purchasers, and a final official statement refers to an official statement prepared
for distribution after the final terms of issuance have been determined. (4) QUALIFIED SWAP
PROVIDER. A counterparty as defined in Section 41-1-41. (5) SWAP AGREEMENT. Either of the
following: a. Any interest rate swap agreement, interest rate cap agreement, interest rate
floor agreement, interest rate collar agreement, or any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-162.01.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
11-8A-1
Section 11-8A-1 Definitions. As used in this chapter, the following words shall have the following
meanings: (1) BOND FINANCING AGREEMENT. An agreement or other document relating to the sale
or issuance of bonds including, but not limited to, a bond purchase agreement, a loan agreement,
a refinancing agreement, or documents providing for bonds sold or issued on a competitive
sale basis. (2) BONDS. Bonds, bond anticipation notes, warrants, warrant anticipation notes,
or indebtedness issued or entered into on behalf of the county or by the county commission
for a term of at least three years or more. (3) BUSINESS DAY. A day, other than a Saturday
or a Sunday, on which commercial banking institutions are open for business in the State of
Alabama and a day on which the payment system of the Federal Reserve System is operational.
(4) CAPITAL EXPENDITURE. Any cost or expense of a type that is properly chargeable to a capital
account under general federal income tax principles. (5) GENERAL...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-8A-1.htm - 2K - Match Info - Similar pages
16-17A-8
Section 16-17A-8 Powers of authority. (a) An authority shall have and may exercise any power
granted nonprofit corporations under Title 10A, together with all powers incidental thereto
or necessary or desirable to the discharge thereof, including, without limitation, the following
specific powers: (1) To adopt, maintain, and amend bylaws and a corporate seal. (2) To sue
and, subject to the limitations herein, be sued; provided, however, that no authority entitled
to sovereign immunity shall be denied such immunity. (3) To acquire, construct, equip, and
operate those health care facilities it considers necessary or desirable. (4) To enter into
contracts and agreements, borrow money, incur indebtedness, and issue bonds, notes, debt securities,
or any other evidence of indebtedness. (5) To pledge the general credit of the authority or
any revenues or income of the authority to repayment of any of its indebtedness. (6) To mortgage
or pledge its health care facilities or its other assets or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17A-8.htm - 5K - Match Info - Similar pages
27-41-19
Section 27-41-19 Particular investments - Transportation equipment trust obligations; notes,
etc., secured by leases, agreements, etc., relating to manufacturing, mining, etc., machinery,
etc. (a) An insurer may invest in equipment trust obligations or certificates which are adequately
secured evidencing an interest in transportation equipment wholly or in part within the United
States and a right to receive determined portions of rental, purchase, or other fixed obligatory
payments for the use or purchase of such transportation equipment. (b) An insurer may invest
in notes, bonds, debentures, or other evidences of indebtedness secured by an interest in
manufacturing, mining, or generating machinery and equipment located wholly within the United
States evidencing a right to receive determined portions of rental, purchase, or other fixed
obligatory payments for the use or purchase of such machinery and equipment. (c) An insurer
may invest in notes, bonds, debentures, or evidences of...
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