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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
11-81-31
Section 11-81-31 Ratification of certain irregular elections for issuance of bonds. Every election
heretofore held in any municipality or in any county for the purpose of voting upon and deciding
the question of whether bonds of the municipality or county, as the case may be, shall be
issued, at which election a majority of the votes cast were in favor of the issuance of the
bonds, but which election was irregular by reason of failure prior to the holding of the election
to give notice thereof in a newspaper or by posting in the manner or for the time required
by any statute applicable to the election, or because of the failure to comply with any other
statutory requirement applicable to the election, or because of any other irregularity with
respect to the holding of the election or canvassing or recording the results thereof, shall
be and is ratified and confirmed and given effect in all respects as if all provisions of
law relating to the election had been duly and legally complied...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-31.htm - 2K - Match Info - Similar pages
11-81-64
Section 11-81-64 Bonds for refunding or funding of bonds outstanding - Authority for issuance;
sale or exchange; rights, etc., of holders thereof. The governing body of any municipality
may, without any election, issue bonds of the municipality for the purpose of refunding a
like or greater face amount of the principal of any matured or unmatured bonds of such municipality
then outstanding whether the bonds to be refunded belong to one class or to two or more classes
or to one issue or to two or more issues. The proceedings authorizing any refunding bonds
shall clearly identify the bonds to be refunded thereby. Without limiting the generality of
any of the foregoing, it is specifically declared that serial bonds shall be included in the
classes and issues of bonds which may be refunded hereunder. Bonds which any municipality
is legally obligated to pay, although not issued in the name of such municipality, shall be
considered bonds of such municipality for the purposes of this section....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-64.htm - 3K - Match Info - Similar pages
41-10-44.11
Section 41-10-44.11 Publication of notice; time limitation on actions questioning bonds or
proceedings. Upon the adoption by the board of directors of the authority of any resolution
providing for the issuance of project obligations, the authority may, in its discretion, cause
to be published once a week for two consecutive weeks, in newspapers published or having a
general circulation in the Cities of Birmingham, Montgomery, Huntsville and Mobile, a notice
in substantially the following form (the blanks being properly filled in) at the end of which
shall be printed the name and title of either the president or the secretary of the authority:
"The State Industrial Development Authority, a public corporation under the laws of the
State of Alabama, on the ______ day of ___, authorized the issuance of $___ principal amount
of bonds or other obligations of the said public corporation for purposes authorized in Title
41, Chapter 10, Article 2A. The proceeds from the sale of the said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.11.htm - 2K - Match Info - Similar pages
11-50-526
Section 11-50-526 Bonds - Sale or issuance generally. The corporation may issue bonds at any
time and from time to time as the board may determine to be most advantageous for the purpose
of paying the purchase price of and all expenses incurred in connection with the acquisition
of any properties or other assets of the corporation and for the purpose of furnishing adequate
working capital for the corporation. Such bonds shall be revenue bonds payable solely out
of the revenues derived from the operation of all or any part of any utility owned by the
corporation as may be provided at the time of the authorization of such bonds. All bonds shall
be signed by such officer or officers as the board may direct, but the facsimile of any signature
may be impressed on any interest coupons in lieu of the original signature. The bonds shall
be in such form, whether registered or bearer, shall be in such denominations, shall bear
such dates and have such maturities not exceeding 40 years from their...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-526.htm - 2K - Match Info - Similar pages
11-54-146
Section 11-54-146 Refunding bonds. Any bonds issued hereunder and at any time outstanding may
at any time and from time to time be refunded by a municipality by the issuance of its refunding
bonds in such amount as the governing body may deem necessary but not exceeding an amount
sufficient to refund the principal of the bonds so to be refunded, together with any unpaid
interest thereon and any premiums and commissions necessary to be paid in connection therewith.
Any such refunding may be effected whether the bonds to be refunded shall have then matured
or shall thereafter mature, either by sale of the refunding bonds and the application of the
proceeds thereof for the payment of the bonds to be refunded thereby, or by exchange of the
refunding bonds for the bonds to be refunded thereby; provided, that the holders of any bonds
so to be refunded shall not be compelled without their consent to surrender their bonds for
payment or exchange prior to the date on which they are payable, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-146.htm - 1K - Match Info - Similar pages
11-54-27
Section 11-54-27 Refunding bonds. Any bonds issued under this article and at any time outstanding
may at any time and from time to time be refunded by a municipality by the issuance of its
refunding bonds in such amount as the governing body may deem necessary but not exceeding
an amount sufficient to refund the principal of the bonds so to be refunded, together with
any unpaid interest thereon and any premiums and commissions necessary to be paid in connection
therewith. Any such refunding may be effected whether the bonds to be refunded shall have
then matured or shall thereafter mature, either by sale of the refunding bonds and the application
of the proceeds thereof for the payment of the bonds to be refunded thereby or by exchange
of the refunding bonds for the bonds to be refunded thereby; provided, that the holders of
any bonds so to be refunded shall not be compelled without their consent to surrender their
bonds for payment or exchange prior to the date on which they are...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-27.htm - 1K - Match Info - Similar pages
11-54-57
Section 11-54-57 Refunding bonds. Any bonds issued under this article and at any time outstanding
may at any time and from time to time be refunded by a municipality by the issuance of its
refunding bonds in such amount as the governing body may deem necessary but not exceeding
an amount sufficient to refund the principal of the bonds so to be refunded, together with
any unpaid interest thereon, any premiums and commissions necessary to be paid in connection
therewith and the expenses incurred in connection with such refunding. Any such refunding
may be effected whether the bonds to be refunded shall have then matured or shall thereafter
mature either by sale of the refunding bonds and the application of the proceeds thereof for
the payment, redemption or retirement of the bonds to be refunded thereby or by exchange of
the refunding bonds for the bonds to be refunded thereby or by any combination thereof; provided,
that the holders of any bonds so to be refunded shall not be compelled...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-57.htm - 1K - Match Info - Similar pages
11-55-6
Section 11-55-6 Refunding bonds. Any bonds issued under this chapter and at any time outstanding
may at any time and from time to time be refunded by a municipality by the issuance of its
refunding bonds in such amount as the governing body may deem necessary but not exceeding
an amount sufficient to refund the principal of the bonds so to be refunded, together with
any unpaid interest thereon and any premiums and commissions necessary to be paid in connection
therewith. Any such refunding may be effected whether the bonds to be refunded shall have
then matured or shall thereafter mature, either by sale of the refunding bonds and the application
of the proceeds thereof for the payment of the bonds to be refunded thereby or by exchange
of the refunding bonds for the bonds to be refunded thereby; provided, that the holders of
any bonds so to be refunded shall not be compelled without their consent to surrender their
bonds for payment or exchange prior to the date on which they are...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-55-6.htm - 1K - Match Info - Similar pages
16-65-6
Section 16-65-6 Bonds generally. (a) Issuance of bonds. The authority is authorized and empowered
to issue its bonds from time to time for the purpose of making equipment loans to finance
equipment costs incurred or to be incurred by educational institutions. Such bonds may be
in such aggregate principal amount as the board of directors shall determine to be necessary
to pay the equipment costs included in such financing. The authority may pay from the proceeds
of the sale of its bonds all expenses, including publication and printing charges, attorneys'
fees, financial advisory fees, and other expenses which the board of directors may deem necessary
or advantageous in connection with the authorization, advertisement, sale, execution, and
issuance of its bonds or the making of equipment loans from the proceeds thereof. (b) Source
of payment. All bonds issued by the authority shall be limited obligations of the authority
payable solely from any combination of the following: (1) The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-65-6.htm - 7K - Match Info - Similar pages
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