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11-81-166
Section 11-81-166 Revenue bonds - Authority for issuance; authorization proceedings generally;
form, terms, denominations, etc.; execution and delivery generally; maturity and sale; payment
generally; trust indentures. (a) Any borrower may issue its revenue bonds for the purpose
of: (1) Financing the acquisition, improvement, enlargement, extension and repair, or any
of them, of a system or systems; (2) Refunding the principal of and the interest on any bonds
of such borrower theretofore issued under this article and then outstanding, whether or not
such principal and interest shall have matured at the time of such refunding; or (3) Financing
any such acquisition, improvement, enlargement, extension and repair, or any of them, and
refunding any such principal and interest. (b) Any bonds issued under this article shall be
made payable solely out of the revenues from the operation of a system or systems of the borrower
and may be made payable from any such revenues without regard to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-166.htm - 5K - Match Info - Similar pages
11-88-95
Section 11-88-95 Notice of and sale or exchange of bonds. All bonds issued under this article,
except bonds issued to the contractor and except funding and refunding bonds issued by exchange
as provided in this section, shall be sold to the highest bidder at public sale; provided,
that if at a duly advertised public sale in accordance with this section no legal bid acceptable
to the governing body shall be received, then such bonds may be sold within 30 days thereafter
at private sale to the United States of America or to the State of Alabama. The public sale
shall be either on sealed bids or at auction. The notice of a public sale shall state whether
the sale is to be on sealed bids or at auction and shall also briefly recite the amount of
the bonds to be sold, the maturities thereof, the amount payable at each maturity, any redemption
or prepayment privileges, the frequency with which interest will be payable, either the rate
or rates of interest which the bonds are to bear or that...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-95.htm - 3K - Match Info - Similar pages
11-98-2
Section 11-98-2 Districts; creation; composition; powers and duties. The creating authority
may by ordinance or resolution, as may be appropriate, create within its respective jurisdiction
districts composed of the territory lying wholly within the municipality or of any part or
all of the territory lying wholly within the county. The districts shall be political and
legal subdivisions of the state, with power to sue and be sued in their corporate names and
to incur debt and issue bonds. The bonds shall be negotiable instruments and shall be solely
the obligations of the district and not the State of Alabama. The bonds and the income thereof
shall be exempt from all taxation in the State of Alabama. The bonds shall be payable out
of the income, revenues, and receipts of the district. The bonds shall be authorized and issued
by resolution or ordinance of the creating authority of the district and shall be of such
series, bear such date or dates, mature at such time or times, not to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-98-2.htm - 2K - Match Info - Similar pages
16-16B-4
Section 16-16B-4 (Implementation Conditioned on Separate Legislative Enactment.) Execution
and other details of the bonds. The Bonds shall be signed by the president or vice-president
of the Authority, and the seal of the Authority affixed thereto (or a facsimile thereof imprinted
thereon) and attested by its secretary. All signatures of the president, vice-president, and
secretary may be facsimile signatures if the Authority, in its proceedings with respect to
issuance, provides for manual authentication (which may be in the form of a certificate as
to registration) of the Bonds by a trustee, registrar or paying agent or by named individuals
who are employees of the State and who are assigned to the Finance Department or State Treasurer's
Office of the State. All Bonds bearing signatures or facsimiles of the signatures of officers
of the Authority in office on the date of signing thereof shall be valid and binding notwithstanding
that before the delivery thereof and payment therefor,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16B-4.htm - 3K - Match Info - Similar pages
22-21-108
Section 22-21-108 Issuance of securities - Execution and delivery; interest; payment; refunding;
status; tax exemption. Securities of the hospital corporation may be executed and delivered
by it at any time, and from time to time, shall be in such form and denomination and of such
tenor and maturities, shall contain such provisions not inconsistent with this division and
shall bear such rate or rates of interest payable and evidenced in such manner as may be provided
by resolution of the directors of the hospital corporation providing for their issuance. Such
securities shall be payable at such place or places, either within or without the state, as
shall be prescribed in the resolution of the directors of the hospital corporation providing
for their issuance. Such securities, and any interest coupons applicable thereto, shall be
executed in such manner and shall be substantially in the form provided for in the authorizing
resolution. Any securities issued by any hospital corporation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-108.htm - 1K - Match Info - Similar pages
41-9-433
Section 41-9-433 Form, terms, denominations, etc., of bonds; sale; redemption; execution of
bonds and coupons. All bonds shall be issued, subject to the approval of the Governor, in
such forms, denominations, series and numbers, may be of such tenor and maturities, may bear
such date or dates, may be in registered or bearer form either as to principal or interest
or both with rights of conversion into another form, may be payable in such installments and
at such place or places, may bear interest at such rate or rates payable and evidenced in
such manner and may contain provisions for redemption at the option of the state, to be exercised
by said commission at such date or dates prior to their maturity and upon payment of such
redemption price or prices, as shall be provided by said commission in the resolution or resolutions
whereunder the bonds are authorized to be issued. The principal of each series of bonds shall
mature in annual installments in such amounts as shall be specified...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-433.htm - 3K - Match Info - Similar pages
41-9-473
Section 41-9-473 Form, maturity, sale, etc., of bonds. All bonds shall be issued, subject to
the approval of the Governor, in such forms, denominations, series and numbers, may be of
such tenor and maturities, may bear such date or dates, may be in registered or bearer form
either as to principal or interest or both with rights of conversion into another form, may
be payable in such installments and at such place or places, may bear interest at such rate
or rates payable and evidenced in such manner and may contain provisions for redemption at
the option of the state to be exercised by said commission at such date or dates prior to
their maturity and upon payment of such redemption price or prices, all as shall be provided
by said commission in the resolution or resolutions whereunder the bonds are authorized to
be issued. The principal of each series of bonds shall mature in annual installments in such
amounts as shall be specified in the resolution or resolutions of the said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-473.htm - 3K - Match Info - Similar pages
45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other powers
now or hereafter granted by law, the authority shall have the following powers, together with
all powers incidental thereto or necessary to the discharge thereof in corporate form: (1)
To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by the Jackson
County Commission which are required by law to be deposited to the credit of the Jackson County
Water Authority. c. The revenues derived from any water, sewer, or garbage system or facility
of the authority. (2) To pledge for payment of any bonds issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.06.htm - 13K - Match Info - Similar pages
11-94-10
Section 11-94-10 Bonds of authority - From what source payable; form; denominations; terms;
redemption; sale; subsequent issues; negotiability. (a) All bonds and securities issued by
an authority shall be payable solely out of the revenues derived by the authority from the
leasing, sale or operation of any or all of its projects as may be designated in the proceedings
of its board under which the same shall be authorized to be issued. None of the bonds, securities
or notes of an authority shall ever constitute an obligation or debt of the state, of any
authorizing subdivision, or of any county or municipality of the state or a charge against
the credit or taxing powers of any of them. (b) Bonds of any authority may be executed and
delivered by the authority at any time and from time to time, may be in such form and denominations
and of such tenor and maturities, may be in registered or bearer form, either as to principal
or interest or both, may be payable at such time or times not...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-94-10.htm - 3K - Match Info - Similar pages
11-99-8
Section 11-99-8 Financing of project costs. (a) Payment of project costs may be made by any
of the following methods or any combination thereof: (1) Payment from the tax increment fund
of the tax increment district if the purpose of the payment is one provided for in Section
11-99-6 hereof; (2) Payment out of the general funds of the public entity, such payments being
used either directly by the public entity to pay such costs or used by a third party recipient
of such funds to pay such costs if within a Major 21st Century Manufacturing Zone; (3) Payment
out of the proceeds of the sale of warrants, bonds or notes (whether public improvement bonds
or notes, mortgage bonds, notes or certificates, revenue bonds or notes, or otherwise) issued
by the public entity, such payments being used either directly by the public entity to pay
such costs or used by a third party recipient of such funds to pay such costs if within a
Major 21st Century Manufacturing Zone; (4) Payment out of the proceeds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99-8.htm - 4K - Match Info - Similar pages
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