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41-14A-2
Section 41-14A-2 Definitions. As used in this chapter, the following words and terms
shall have the following meanings: (1) AVERAGE MONTHLY BALANCE OF PUBLIC DEPOSITS. The sum
of the average daily balances of public deposits, meaning the net average daily balances of
public deposits determined without any deduction for deposit insurance, for the reported month
and the 11 months preceding that month, divided by 12. (2) BOARD OF DIRECTORS or BOARD. The
Board of Directors of the SAFE Program established under Section 41-14A-6. The board
of directors shall consist of eight members. (3) COLLATERAL-PLEDGING LEVEL or COLLATERAL-PLEDGING
REQUIREMENT. The percentage or percentages of collateral, in relation to one or more levels
of public deposits held, required to be pledged by a qualified public depository as determined
in accordance with the provisions of this chapter or rules or orders of the board adopted
pursuant to this chapter. (4) COVERED PUBLIC ENTITY. The state and its political...
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11-81-4
Section 11-81-4 Issuance of refunding interest-bearing certificates of indebtedness,
warrants or notes by municipalities; pledge of tax, revenues, etc., for payment of principal
and interest on same. The governing body of any municipality in this state is hereby authorized
to issue, without an election, refunding interest-bearing certificates of indebtedness or
refunding interest-bearing warrants or refunding interest-bearing notes maturing at such time
or times as the governing body may determine, not exceeding 30 years from their respective
dates, for the purpose of funding or refunding outstanding certificates of indebtedness or
warrants or notes of such municipality or any outstanding revenue bonds of such municipality
issued under the provisions of Article 5 of Chapter 81 of Title 11 as amended, or predecessor
statute or any combination thereof, whether the same are due at the time of such funding or
refunding or at a later date, in an aggregate principal amount not exceeding the...
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11-81-18
Section 11-81-18 Pledge of revenues from license, privilege, or excise taxes for payment
of principal and interest on bonds. In any case in which a municipality or county may hereafter
issue any securities, including bonds, warrants, notes and certificates of indebtedness, whether
such securities are general obligations of the municipality or county or are payable solely
from a special source, there may be pledged to the payment of the principal of and the interest
on such securities all or any part of that portion of the proceeds from any license or privilege
tax or excise tax levied by any act of the Legislature which may be apportioned and paid to
such municipality or county; provided, however, that such pledge may be made only for the
benefit of securities issued for a purpose or purposes for which the tax proceeds so apportioned
to any such municipality or county are permitted by any such act to be used. In any case in
which a pledge is made under the provisions of this section,...
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27-41-7
Section 27-41-7 Particular investments - Bonds, notes, etc., of United States. An insurer
may invest in bonds, notes, warrants, debentures, and other evidences of indebtedness which
are direct obligations of the United States of America for which the full faith and credit
of the United States of America is pledged for the payment of principal and interest. (Acts
1977, No. 408, p. 530, §7.)...
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27-41-9
Section 27-41-9 Particular investments - Bonds, etc., of states or counties, municipalities,
school districts, etc., therein generally. An insurer may invest in bonds or other evidences
of indebtedness which are general obligations of or are adequately secured as to both principal
and interest by irrevocable pledge of specific revenues by this state or any other state of
the United States or any county, incorporated city or town, or duly organized school district
or other civil division, governmental unit, or public instrumentality of any such state. Obligations
payable solely out of special assessments on properties benefited by local improvements shall
not be eligible under this section. (Acts 1977, No. 408, p. 530, §9.)...
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27-41-10
Section 27-41-10 Particular investments - Bonds, etc., issued by states, counties, municipalities,
etc., to provide funds for public projects, etc. An insurer may invest in bonds and other
evidences of indebtedness which are obligations of any state, county, city, town, village,
municipality, district, or other political subdivision of any state or of any instrumentality
or board thereof or of the United States of America issued to provide funds for public projects,
or for refunding of bonds issued for such purposes, which are revenue producing and self-supporting
if such obligations are secured by a lien on such revenues to pay principal and interest and
the issuing body is required to charge adequate rates for the services so provided to pay
all charges against the project, including principal and interest on all indebtedness outstanding
against the project. (Acts 1977, No. 408, p. 530, §10.)...
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45-39-250.02
Section 45-39-250.02 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, municipalities and municipal instrumentalities in Lauderdale County, 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...
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11-61-2
Section 11-61-2 Authority of towns and cities with respect to parking facilities. Any
town or city in this state is hereby authorized: (1) To plan, establish, develop, acquire,
construct, enlarge, improve, maintain, equip, operate, regulate, and protect parking facilities;
(2) To finance the cost of parking facilities in whole or in part by the issuance of bonds,
warrants, notes, or other evidences of indebtedness maturing at such time or times as the
governing body may determine, not exceeding 30 years from their respective dates; (3) To pledge
to the payment thereof its full faith and credit and any taxes, licenses, or revenues which
the town or city may then be authorized to pledge to the payment of bonded or other indebtedness;
(4) To lease or let parking facilities or any one or more of them to such tenant or tenants,
for such period and such compensation or rental and on such conditions as the governing body
may prescribe; (5) To fix, establish, collect, and alter parking fees,...
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41-1-10
Section 41-1-10 Section 41-1-9 deemed declarative of existing law. The provisions
of Section 41-1-9 shall be deemed declarative of existing law and shall not be construed
in a manner adverse to the validity of, or the lawfulness of the interest payable with respect
to, (i) any bonds, warrants, notes, certificates of indebtedness or other securities at any
time issued by any issuer described in Section 41-1-9 hereof, or (ii) any debt at any
time incurred by any private person, corporation or other legal entity. (Acts 1983, 4th Ex.
Sess., No. 83-923, p. 205, §2.)...
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11-55-13
Section 11-55-13 Authority of cities or towns to acquire, etc., and lease facilities
to United States Postal Service; issuance of bonds, etc., to finance acquisitions. Any city
or town in this state (1) May acquire (by construction, purchase or otherwise), improve and
equip land, buildings and other facilities for use by the United States Postal Service; (2)
May lease any such land, buildings or facilities to the United States Postal Service on such
terms and conditions as shall be mutually agreeable to such city or town and the United States
Postal Service; (3) May borrow money for the purpose of financing the costs of any such acquisition,
improvement and equipment; (4) May issue, in evidence of such borrowing, bonds, warrants,
notes or other securities (which such bonds, warrants, notes or other securities shall mature
and come due not later than 30 years from their date but shall otherwise be issued in accordance
with, and shall be subject to, applicable provisions of law); (5) May...
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