10A-20-7.10
Section 10A-20-7.10 Rights to shares, bonds, securities, or other evidences of corporate indebtedness.
(a) Notwithstanding any rule at common law, any provision of any general or special law or
any provision in their respective charters, agreements of association, certificate of formation,
or trust indentures: (1) Any person, including all domestic corporations organized for the
purpose of carrying on business within this state, and further including, without implied
limitation, public utility companies, insurance companies, foreign corporations licensed to
do business within this state, all financial institutions, as defined in Section 10A-20-7.01,
and all trusts, are hereby authorized to acquire, purchase, hold, sell, assign, transfer,
mortgage, pledge, or otherwise dispose of any bonds, securities, or other evidences of indebtedness
created by, or the shares of the capital stock of, the corporation and, while owners of the
stock, to exercise all the rights, powers, and privileges of...
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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.)...
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16-3-28
Section 16-3-28 Authority of board and trustees of institutions to borrow from federal agencies
or others; issuance of bonds, notes and other securities. (a) The State Board of Education,
acting for the respective educational institutions under its supervision, and each public
corporation that conducts one or more state educational institutions under its supervision,
acting through its board of trustees or other governing body, are hereby separately authorized
to exercise and perform any or all of the following powers: (1) To borrow money from the United
States of America or any department or agency thereof, or from any person, firm, corporation
or other lending agency for the purchase, construction, enlargement or alteration of any buildings
or other improvements, including dormitories, dining halls, classrooms, laboratories, libraries,
stadiums, administration buildings and any other buildings and appurtenances thereto suitable
for use by the institution with respect to which the...
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27-41-29
Section 27-41-29 Particular investments - Bonds, etc., secured by mortgages or deeds of trust
on real property, etc., generally. An insurer may invest in: (1) Bonds, notes, or other evidences
of indebtedness which are secured by a first mortgage lien or deed of trust upon unencumbered
improved real property located in the United States or Canada, including leasehold estates
in such real estate having an unexpired term (inclusive of the term or terms which may be
provided by options of renewal) of not less than 10 years beyond the final maturity of the
loan. Unless guaranteed or insured by the Administrator of Veterans Affairs, the Secretary
of Housing and Urban Development, or by a mortgage guaranty insurance policy issued by an
insurance company licensed and authorized to do business by and in the State of Alabama, no
such mortgage loan or loans when made shall exceed 75 percent of the fair value of the real
estate or leasehold, except that loans made on single family dwellings shall...
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10-4-139
Section 10-4-139 Rights to shares, bonds, securities or other evidences of corporate indebtedness.
All provisions of Title 10 have been repealed or transferred to Title 10A, effective January
1, 2011. (Acts 1969, No. 322, p. 681, §4.)...
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1-3-3
Section 1-3-3 Execution of bonds, warrants, notes, etc., with facsimile signatures and seals.
(a) In any instance where any bond, warrant, note or certificate is issued by any county,
municipality, board of education or public corporation in this state and is required or permitted
to be executed or attested by more than one person, a facsimile of the signature of any one
or more of the persons or officers executing or attesting the same may be imprinted or otherwise
reproduced on such instrument; provided, that at least one signature so required shall be
manually subscribed thereon. In any instance where any interest coupons are attached to any
such bond, warrant, note or certificate in evidence of installments of interest payable thereon,
a facsimile of any or all of the signatures required or permitted thereon may be imprinted
or otherwise reproduced thereon, and it shall not be necessary that any signature be manually
inscribed on any such interest coupon. Any signature required or...
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27-41-30
Section 27-41-30 Particular investments - Loans, notes, etc., secured by mortgages and leases
on real property. An insurer may invest in loans, notes, bonds, or other evidences of indebtedness
of any person up to the fair value of real property securing said indebtedness, upon compliance
with the following conditions and provisions: (1) The indebtedness must be secured by a first
mortgage lien on real property having a fair value of not less than the principal amount of
the loan, except as provided in subdivision (8) of this section; (2) The indebtedness must
be additionally secured by a lease on said real property, which lease must be assigned and
transferred by the lessor to the lender or to a trustee of the lender under a trust instrument;
(3) The lease so assigned as additional security must be noncancellable and may be terminated
only upon such conditions as are generally provided in commercial leases, such as, for example,
destruction by fire, tornado, or similar hazard or...
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11-50B-9
Section 11-50B-9 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, public providers,
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 public provider's 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 public provider'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 solely from the revenues derived or to be derived from the operation
of the systems or equipment and shall not have a...
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11-92-6
Section 11-92-6 Warrants - Form, terms, denominations, etc.; liability of counties or municipalities
upon warrants; disposition of proceeds from sale. (a) Each participant shall have the power
to sell and issue interest-bearing warrants for the purpose of paying the cost or its share
of the costs of acquiring and developing industrial parks. Any warrants issued under the provisions
of this chapter may be in such denominations, may have such maturity or maturities, not exceeding
30 years from their date, may bear interest from their date at such rate or rates, payable
at such times, may be payable at such places within or without the state, may be sold at such
times and in such manner and may contain such terms not in conflict with the provisions of
this chapter, all as the governing body of the participant may provide in the proceedings
wherein the warrants are authorized to be issued. (b) All such warrants shall evidence general
obligation indebtedness of the county or municipality by...
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27-41-28
Section 27-41-28 Particular investments - Bonds, etc., guaranteed or insured by United States
under federal law or secured by mortgages on ships, barges, etc. An insurer may invest in
bonds, debentures, notes, or other evidences of indebtedness which are: (1) Guaranteed by
the United States of America, represented by the Secretary of Commerce acting pursuant to
Title 11 of the Merchant Marine Act, 1936, as amended, and the Federal Ship Financing Act
of 1972; (2) Insured by the United States of America, represented by the Secretary of Commerce
acting pursuant to Title 11 of the Merchant Marine Act, 1936, as amended, and the Federal
Ship Mortgage Insurance Act, as amended; provided, that such indebtedness is secured by mortgages
on ships, barges, tugboats, or other shipping vessels; or (3) Secured by mortgages on ships,
barges, tugboats, or other shipping vessels which are under lease or charter to the United
States government or an agency or department of the United States government or...
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