2-3A-31
Section 2-3A-31 Issuance and redemption. The bonds of each series issued pursuant to this article
may be issued as serial bonds payable in annual installments or as term bonds or as a combination
thereof, and the principal of the bonds of each such series shall mature or be subject to
mandatory redemption according to such schedule as the board of directors of said authority
shall determine in the resolution authorizing the issuance of such series. Provided, however,
no bonds shall be sold nor counsel or other professional hired or retained by the authority
prior to February 1, 1999. Such bonds may be made subject to redemption prior to their respective
maturities, at the option of the state, on such terms and conditions as shall be provided
by the board of directors of said authority in the resolution authorizing the issuance of
such series. Any or all of such bonds subject to redemption at the option of the state may
be called for redemption by the authority pursuant to a resolution...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-31.htm - 1K - Match Info - Similar pages

11-20-8
Section 11-20-8 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 county by the issuance of its refunding
bonds in such amount as the county commission 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-20-8.htm - 1K - 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

11-86A-15
Section 11-86A-15 Security for bonds. (a) In the discretion of the board of directors of an
authority, any bonds may be secured by an indenture between an authority and a trustee, which
may be a trust company or bank having trust powers, whether the trust company or bank is located
within or outside of the state. In any indenture or resolution providing for the issuance
of bonds, an authority may pledge, for payment of the principal of and the interest on such
bonds, any of its revenues to which its rights exist or may thereafter come into existence,
and may assign, as security for payment, any of its leases, franchises, permits, and contracts.
In any indenture, an authority may mortgage any properties, including any that may be thereafter
acquired by it, and may provide that in the event of a default in payment of the bonds secured
thereby or in the event of default with respect to any agreement contained therein, the mortgage
may be foreclosed either by sale at public outcry or by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-86A-15.htm - 3K - Match Info - Similar pages

11-92A-15
Section 11-92A-15 Security for bonds. (a) In the discretion of the board of directors of an
authority, any bonds may be secured by an indenture between an authority and a trustee, which
may be any trust company or bank having trust powers, whether such trust company or bank is
located within or without the state. In any such indenture or resolution providing for the
issuance of bonds an authority may pledge, for payment of the principal of and the interest
on such bonds, any of its revenues to which its right then exists or may thereafter come into
existence, including, but not limited to, revenues or other money or property pledged to it
by any public or private person, and may assign, as security for such payment, any of its
leases, loan agreements, franchises, permits, and contracts. In any such indenture, an authority
may mortgage any of its properties, including any that may be thereafter acquired by it, and
may provide that in the event of a default in payment of the bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92A-15.htm - 4K - Match Info - Similar pages

16-16-10
Section 16-16-10 Disposition of proceeds of bonds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the authority remaining after paying expenses of their issuance
shall be deposited in the State Treasury and shall be carried in the State Treasury in a special
or separate account. Said expenses shall be deducted from that portion of the said proceeds
allocated in subsection (o) of this section. Such remaining funds shall be subject to be drawn
upon by the authority with the approval of the secretary of the authority and the Governor,
but any funds so withdrawn shall be used solely for the purpose of financing the construction,
reconstruction, alteration, improvement and equipment of buildings and other facilities for
public educational purposes, including the cost of architectural services therefor and services
rendered by building inspectors for periodic and final inspections thereof, and for acquiring
sites therefor, in accordance with the provisions of this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16-10.htm - 9K - Match Info - Similar pages

16-16-14
Section 16-16-14 Use of bond proceeds for loans to local boards of education. The proceeds
derived from the sale of any bonds issued pursuant to subsection (b) of Section 3 of Act 98-373
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the authority, which shall pay therefrom the expenses of issuance thereof.
The proceeds from the sale of the bonds remaining after payment of the expenses of issuance
thereof shall be retained in such fund and, until they are paid out, shall be invested by
the State Treasurer at the direction of the authority in permitted investments which mature
at such time or times as the authority shall direct. Monies in the fund (whether original
proceeds from the sale of the bonds or principal proceeds of matured permitted investments)
shall be available for loan by the authority. The authority is hereby authorized to loan,
and each local board of education is hereby authorized to borrow, such monies under...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16-14.htm - 3K - Match Info - Similar pages