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11-81-165
Section 11-81-165 Borrowing in anticipation of sale and issuance of bonds authorized; procedure
therefor. (a) Any municipality or county in the state may at any time and from time to time,
in anticipation of the sale and issuance of revenue bonds under the provisions of this article,
as amended, borrow money for temporary use for any purpose or purposes for which revenue bonds
are authorized to be issued under this article and in evidence of such borrowing may issue
interest-bearing notes. (b) Each such note shall be a limited or special obligation of the
issuing municipality or county, payable as to both principal and interest solely from the
same revenues out of which such revenue bonds are proposed to be issued or from the proceeds
from the sale of such revenue bonds or from both said revenues and said bond proceeds, shall
be made payable not later than 24 months after its date, shall be signed as the governing
body of said municipality or county may prescribe, may be sold at public...
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11-81-32
Section 11-81-32 Issuance of duplicates for lost, mutilated or destroyed bonds. Whenever it
shall be made to appear to the governing body of any municipality or county by clear and satisfactory
evidence that any bond of said municipality or county bearing interest has been lost, destroyed
or mutilated so that the same is not held by any person as his property, then such municipality
or county shall issue a duplicate of such lost, destroyed or mutilated bond in like amount,
bearing like interest and executed and marked in like manner as the bond so proved to have
been lost, destroyed or mutilated. But the owner of such lost, destroyed or mutilated bond
shall first execute a penal bond in double the amount of the bond sought to be replaced together
with the amount of interest which has or might thereafter accrue thereon with some surety
company qualified to do business in the State of Alabama, to be approved by the governing
body of said municipality or county and payable to said...
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4-4-11
Section 4-4-11 Bonds for airport purposes. Each municipality in this state shall have full
and continuing power and authority, within the limits of the constitution now or hereafter
in effect, to issue and sell bonds for the purpose of extending, enlarging and improving its
airport or airports or an airport in which it is or may be a joint owner or operator and of
acquiring or improving or paying for land for airport uses, or property purchased or condemned
to facilitate the operation of an airport or airports, when the issuance of such bonds has
been heretofore or shall be hereafter authorized by a majority vote of the qualified electors
of such municipality voting at an election called and held, and the result declared, in the
manner required by law for securing authorization for the issuance by such municipality of
other bonds requiring authorization through or by means of an election. (Acts 1931, No. 136,
p. 197; Code 1940, T. 4, §32.)...
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11-65-3
Section 11-65-3 Class 1 municipality authorized to create racing commission; status of commission;
powers and duties generally; disposition of fees; jurisdiction of State Ethics Commission.
A commission is authorized to be created in accordance with the provisions of this chapter
for each Class 1 municipality, as Class 1 municipality is defined in Section 11-40-12 or any
successor provision of law. Any commission created for any sponsoring municipality pursuant
to the provisions of this chapter shall be named "The ______ (the name of the sponsoring
municipality shall be inserted in the blank) Racing Commission" and shall be a public
corporation having a legal existence separate and apart from the state and any county, municipality,
or political subdivision thereof. A commission shall be vested with the powers and duties
specified in this chapter and all other powers necessary and proper to enable it to execute
fully and effectively the purposes of this chapter. Anything contained in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-65-3.htm - 5K - Match Info - Similar pages
12-18-51
Section 12-18-51 Right of election of judges of county courts or full-time municipal court
judges entitled to receive commissions as district judges to come under provisions of Article
1 of chapter; filing of notice of election with Clerk of Supreme Court, Secretary-Treasurer
of Judicial Retirement Fund and governing body of county or municipality; applicability of
provisions of Article 1 of chapter to district court judges elected or appointed to office
after October 10, 1975. (a) Each judge of a county court or full-time municipal court judge
entitled to receive a commission as a district judge pursuant to the Constitution shall have
a right to elect to come under the provisions of Article 1 of this chapter in accord with
the provisions of this article, but a full-time municipal court judge shall not be entitled
to credit to determine eligibility for retirement under Section 12-18-55 for any service prior
to such election. (b) Such election shall be made by written notice filed...
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11-82-6
Section 11-82-6 Applicability of provisions of chapter. The provisions of Sections 11-82-3
and 11-82-4 shall not apply, however, to any securities which have been authorized to be issued
by any county or municipality by resolution or ordinance duly adopted by the proper governing
body prior to July 7, 1945 or which have been authorized to be issued at any election held
prior to July 7, 1945 at which the ballot used contained provisions for redemption different
from those specified in Sections 11-82-3 and 11-82-4, and nothing contained in this chapter
shall prevent the issuance of any such securities so authorized prior to July 7, 1945. (Acts
1945, No. 395, p. 613, §5.)...
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12-12-1
Section 12-12-1 Establishment, designation, etc.; location of sessions of district courts;
abolition of courts not authorized by Constitution. (a) The district court of Alabama, a trial
court of limited jurisdiction, is created and established, effective January 16, 1977, and
shall be subdivided according to districts and styled the district court of the county. Persons
elected or appointed to a district court judgeship must have been admitted to practice law
in this state a combined total of four years or more, or admitted to practice law by any other
state for a combined total of four years or more, prior to beginning a term of office or appointment
to serve a vacant term of office. In addition, the person must not have received from any
state or state bar association a suspension or disbarment within the 10 years preceding election
or appointment. (b) Sessions of the district court shall be held in each county seat, each
municipality containing a population of 1,000 or more where no...
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11-81-164
Section 11-81-164 Notice of adoption of authorization proceedings for issuance of bonds; limitation
period for actions to set aside authorization proceedings, restrain issuance of bonds, etc.
(a) After the adoption of authorizing proceedings providing for the issuance of bonds under
this article, the borrower shall cause to be published once a week for two successive weeks
in a newspaper either published or having general circulation within the limits of the county
or municipality, as the case may be, proposing to issue such bonds, a notice in substantially
the following form (the blanks being first properly filled in), with the printed or written
signature of the clerk or other recording officer of the borrower appended thereto: "An
ordinance (or resolution) authorizing the issuance of $_____ principal amount of revenue bonds
of (here insert name of the borrower) under the provisions of Title 11, Chapter 81, Article
5 of the Code of Alabama, as amended, was duly passed by the (here...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-164.htm - 3K - Match Info - Similar pages
41-10-93
Section 41-10-93 Authority for issuance of bonds by corporation; liability upon bonds; form,
terms, denominations, etc.; redemption; sale; payment of expenses in connection with authorization,
sale and issuance; bonds to contain recital as to authority for issuance; bonds to be deemed
negotiable instruments. The corporation is authorized at any time and from time to time to
issue its interest-bearing revenue bonds for the purpose of acquiring, constructing, improving,
enlarging, completing and equipping one or more projects. The principal of and interest on
any such bonds shall be payable solely out of the rent, revenues and income derived from the
project with respect to which such bonds are issued. None of the bonds of the corporation
shall ever constitute an obligation or debt of the state, the county or the municipality or
a charge against the credit or taxing power of the state, the county or municipality. The
bonds of the corporation may be in such form and denomination, may be...
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41-9-353
Section 41-9-353 Bonds and other obligations to be exclusively obligations of commission; bonds
and coupons to be negotiable instruments and to constitute legal investments for banks, insurance
companies and fiduciaries; effect of recital as to issuance in resolution authorizing bonds.
All obligations incurred by the commission and all bonds issued by it shall be solely and
exclusively an obligation of the commission and shall not create an obligation or debt of
the State of Alabama or any county or municipality therein. All bonds issued by the commission,
while not registered, shall be construed to be negotiable instruments even though they are
payable from a limited source. All coupons applicable to any bonds issued by the commission,
while the applicable bonds are not registered as to both principal and interest, shall likewise
be construed to be negotiable instruments although payable from a limited source. Such bonds
shall constitute legal investments for savings banks and...
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