33-2-8
Section 33-2-8 General provisions relative to inland waterways improvement bonds and temporary
loans. In order to provide funds for the purposes herein authorized, the Governor is hereby
empowered to execute, with the concurrence of the director of state docks, and to sell the
state's bonds in such amounts, not exceeding in the aggregate the sum of $3,000,000.00 as
may be necessary for said purposes, all under and subject to the following provisions: Said
bonds shall be appropriately designated as inland waterways improvement bonds of the state.
The bonds may be issued from time to time in one or more series and the bonds of each series
shall be payable in substantially equal annual installments of principal and interest at such
times as may be designated by the State Docks Department with approval of the Governor; provided,
that the first installment of principal of the bonds of each series must mature not later
than 10 years from the date of such series and the last installment of...
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37-5-5
Section 37-5-5 Board of directors - Powers. The board of directors of any district shall have
power and authority: (1) To exercise by vote, ordinance or resolution all of the general powers
of the district. (2) To make all needful rules, regulations and bylaws for the management
and the conduct of the affairs of the district and of the board. (3) To adopt a seal for the
district, prescribe the style thereof and alter the same at pleasure. (4) To lease, purchase,
sell, convey and mortgage the property of the district and to execute all instruments, contracts,
mortgages, deeds or bonds on behalf of the district in such manner as the board shall direct.
(5) To inquire into any matter relating to the affairs of the district, to compel by subpoena
the attendance of witnesses and the production of books and papers material to any such inquiry,
to administer oaths to witnesses and to examine such witnesses. (6) To appoint and fix the
salaries and duties of such officer, experts, agents and...
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41-10-56
Section 41-10-56 Resolution authorizing issuance of bonds to contain recital as to authority
for issuance; notice of passage of resolution; limitation period and venue for actions to
contest validity of resolutions, bonds, etc. (a) Any resolution authorizing any bonds under
this article shall contain a recital that they are issued pursuant to the provisions of this
article, which recital shall be conclusive evidence that said bonds have been duly authorized
pursuant to the provisions of this article, notwithstanding the provisions of any other law
now in force or hereafter enacted or amended. (b) Upon the adoption by the board of directors
of any resolution providing for the issuance of bonds under the provisions of this article,
the authority may in its discretion cause to be published once a week for two consecutive
weeks, in a newspaper published and having general circulation in Jefferson County, Alabama,
a notice in substantially the following form (the blanks being properly...
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9-10-36
Section 9-10-36 Issuance of bonds; issuance of notes and renewal notes; redemption of notes
or bonds; liability on notes or bonds; disposition of proceeds from sale of bonds; issuance
of interim receipts, etc. (a) Any such corporation is hereby authorized to provide by resolution
for the issuance of bonds of the corporation for any of its corporate purposes, including
the refunding of its bonds. The principal of and the interest on any issue of such bonds shall
be payable solely from, and may be secured by a pledge of, tolls, rentals, sales receipts
and other revenues of all or any part of the project or projects financed in whole or in part
with the proceeds of such bond issue or with the proceeds of bonds refunded or to be refunded
by such issue. The proceeds of any such bonds may be used or pledged for the payment or security
of the principal or of the interest on bonds and for the establishment of any or all reserves
for such payment or security or for other corporate purposes as...
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11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution; bond resolution
covenants. (a) The authority shall, prior to the adoption by the board of a resolution authorizing
the issuance of any bonds, enter into one or more contracts with two or more municipalities
which are authorized to contract with the authority pursuant to Section 11-50A-17. Any resolution
of the board authorizing the issuance of bonds may authorize those bonds to be issued in more
than one series, and the issuance of each series of bonds so authorized by that resolution
need not be preceded by the entering into by the authority of additional contracts pursuant
to Section 11-50A-17. (b) The board may by resolution or resolutions authorize the issuance
of bonds. Unless otherwise provided therein, the resolution or resolutions shall take effect
immediately and need not be published or posted. The board may authorize such types of bonds
as it may determine, subject only to any agreement with...
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11-81-6
Section 11-81-6 Maturity and payment - Generally. The principal of all bonds issued under this
chapter, except bonds issued under Division 1 of Article 4 of this chapter, shall be payable
as provided in this section. (1) The principal of all such bonds, other than revenue bonds
as defined in subdivision (2) of this section, shall be payable on such date or dates as shall
be specified in the ordinance or resolution providing for their issuance; provided, that a.
The principal of each such bond shall be payable not later than 30 years after its date; and
b. If such bonds shall be issued for the purpose of acquiring property or making improvements,
then all the principal thereof shall be payable within the period of usefulness of the property
or improvement for which the bonds are issued as such period shall be estimated under the
provisions of Section 11-81-8; (2) The principal of all revenue bonds (which are hereby defined
as bonds payable solely out of revenues to be derived from a...
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11-88-10
Section 11-88-10 Bonds of authority - Statutory mortgage lien to secure payment of principal
and interest. Any resolution of the board or trust indenture under which bonds may be issued
pursuant to the provisions of this article may contain provisions creating a statutory mortgage
lien, in favor of the holders of such bonds and of the interest coupons applicable thereto,
on the water systems, sewer systems and fire protection facilities or any thereof (including
any after-acquired property) out of the revenues from which such bonds are made payable. The
said resolution of the board or the said trust indenture may provide for the filing for record
in the office of the judge of probate of each county in which any part of such water systems,
sewer systems and fire protection facilities or any thereof may be located of a notice containing
a brief description of such systems and facilities or either, a brief description of such
bonds and a declaration that said statutory mortgage lien has...
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22-21-174
Section 22-21-174 Incorporation - Certificate of incorporation - Amendment. The certificate
of incorporation of any public corporation incorporated under this article may, at any time
and from time to time, be amended in the following manner: (1) The board of directors of the
corporation shall adopt a resolution setting forth the proposed amendment, which may include
any proposed change in the name of such corporation, the inclusion of another municipality
or municipalities as members thereof (provided each of such other municipalities is located,
in whole or in part, in the county which is a member of the corporation) and any matter which
might originally have been included in the certificate of incorporation. (2) If the governing
body of the county and of each other member of the corporation and the governing body of each
municipality, if any, which it is proposed shall be added as a member of the corporation shall
by resolution consent to such proposed amendment, the chairman and...
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41-10-144
Section 41-10-144 Bonds - Statutory mortgage lien to secure payment of principal and interest;
recording notice. Any resolution of the board or trust indenture under which bonds may be
issued pursuant to the provisions of this article may contain provisions creating a statutory
mortgage lien in favor of the holders of such bonds and of the interest coupons applicable
thereto on the property and facilities, or any part thereof (including any after-acquired
property) out of the revenues from which such bonds are made payable. The said resolution
of the board or the said trust indenture may provide for the filing for record in the office
of the judge of probate of each county in which any property and facilities, or any part thereof,
may be located of a notice containing a brief description of such bonds and a declaration
that the said statutory mortgage lien has been created for the benefit of the holders of such
bonds and the interest coupons applicable thereto upon such property and...
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11-102-3
Section 11-102-3 Approval of contract. No contract entered into pursuant to this chapter shall
take effect until the contract has been approved by the governing body of each of the contracting
municipalities or counties. Approval by a county governing body shall be by adoption of a
resolution and approval by a municipal governing body shall be by adoption of an ordinance
of general and permanent operation. (Act 98-471, p. 911, §3.)...
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