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23-1-157
Section 23-1-157 Bonds - Generally. (a) The bonds of the corporation shall be signed by its
president or vice president and attested by its secretary; provided, that a facsimile of the
signature of the officers may be imprinted or otherwise reproduced on any such bonds in lieu
of his or her signing the same. The seal of the corporation shall be affixed to such bonds;
provided, that a facsimile of the seal may be imprinted or otherwise reproduced on any such
bonds in lieu of being manually affixed thereon. (b) Any bonds of the corporation may be executed
and delivered at any time and from time to time, shall be in such form and denominations and
of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced
in such manner, may contain provisions for redemption prior to maturity and may contain other
provisions not inconsistent with this article, all as may be provided by the resolution of
the board of directors whereunder such bonds are authorized to be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-157.htm - 6K - Match Info - Similar pages
37-11A-1
by the Governor, or upon its otherwise becoming a law, and when the State of Mississippi ratifies
the compact. Article III. For purposes of this compact, the following terms shall have the
following meanings: (1) Person means an individual, a corporation, a partnership, or any other
entity. (2) Railroad means a common carrier by railroad as defined in Section 1(3) of Part
I of the Interstate Commerce Act [codified as 49 U.S.C. ยง1(3)]. (3) Railroad properties and
facilities mean any real or personal property or interest in property which is owned,
leased, or otherwise controlled by a railroad or other person, including, without limitation,
the authority, and which are used or are useful in rail transportation service, including,
without limiting the generality of the foregoing: a. Track, roadbed, and related structures,
including rail, ties, ballast, other track materials, grading, tunnels, bridges, trestles,
culverts, elevated structures, stations, office buildings used for operating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
45-37-90.06
bonds shall be payable solely from taxes made payable to the authority by any act of the Legislature
heretofore or hereafter adopted and from the revenues of the authority derived from the activities,
operations, and enterprises in which the authority is hereby authorized to engage. As security
for any money so borrowed, together with interest thereon, and any obligations incurred or
assumed, the authority, in its discretion, may mortgage, pledge, or otherwise transfer and
convey its real, personal, and mixed property, or any part or parts thereof, whether
then owned or thereafter acquired, including any franchises then owned or thereafter acquired,
and all or any part of the taxes payable to the authority under any act of the Legislature
heretofore or hereafter adopted, and all or any part of revenues desired from the activities,
operation, and enterprises in which the authority is hereby authorized to engage. In the resolution
authorizing such revenue bonds or the mortgage given to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-90.06.htm - 9K - Match Info - Similar pages
45-39A-11.05
bonds shall be payable solely from taxes made payable to the authority by an act of the Legislature
heretofore or hereafter adopted and from the revenues of the authority derived from the activities,
operations, and enterprises in which the authority is hereby authorized to engage. As security
for any money so borrowed, together with interest thereon, and any obligations incurred or
assumed, the authority, in its discretion, may mortgage, pledge, or otherwise transfer and
convey its real, personal, and mixed property, or any part or parts thereof, whether
then owned or thereafter acquired, including any franchises then owned or thereafter acquired,
and all or any part of the taxes payable to the authority under any act of the Legislature
heretofore or hereafter adopted and all or any part of revenues derived from the activities,
operation, and enterprises in which the authority lawfully engages. In the resolution authorizing
such revenue bonds or the mortgage given to secure the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39A-11.05.htm - 9K - 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
33-12-5
grants or other assistance from federal, state and local governments or from agencies of such
governments and by issuing in its own name revenue bonds pledging a portion of the revenues
from such facilities. f. Arrange with any city, county, municipality or supplier of utilities
for the abandonment, relocation or other adjustment of roads, highways, bridges and utility
lines. (3) LAND ACQUISITION. The agency may acquire by purchase, lease, gift or condemnation
property of any kind, real, personal or mixed, or any interest therein, that the board
deems necessary or convenient to the exercise of its powers or functions; provided, that acquisition
by condemnation shall be limited to land, rights in land, including leaseholds and easements,
and water rights in the Alabama portion of the Elk River Watershed that the board determines
to be necessary to the control and optimum development of the Elk River. The amount and character
of the interests in land, rights in land and water rights...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-12-5.htm - 18K - Match Info - Similar pages
22-3A-14
Section 22-3A-14 Refunding bonds. (a) Any bonds issued by the authority under this chapter
may from time to time thereafter be refunded by the issuance of refunding bonds of the authority;
provided, however, that no refunding bonds shall be issued unless the present value of all
debt service on the refunding bonds (computed with a discount rate equal to the true interest
rate of the refunding bonds and taking into account all underwriting discount and other issuance
expenses) shall not be greater than 95 percent of the present value of all debt service on
the bonds to be refunded (computed using the same discount rate and taking into account the
underwriting discount and other issuance expenses originally applicable to such bonds) determined
as if such bonds to be refunded were paid and retired in accordance with the schedule of maturities
(considering mandatory redemption as a scheduled maturity) provided at the time of their issuance.
Provided further that the average maturity of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-14.htm - 4K - Match Info - Similar pages
41-10-44.10
Section 41-10-44.10 Refunding obligations. Any project obligations issued by the authority
may from time to time be refunded by the issuance, by sale or exchange, of refunding bonds
or obligations payable from the same or different sources for the purpose of paying all or
any part of the principal of the project obligations to be refunded, any redemption premium
required to be paid as a condition to the redemption prior to maturity of any such project
obligations that are to be so redeemed in connection with such refunding, any accrued and
unpaid interest on the project obligations to be refunded, any interest to accrue on each
project obligation to be refunded to the date on which it is to be paid, whether at maturity
or by redemption prior to maturity, and the expenses incurred in connection with refunding;
provided, that unless duly called for redemption pursuant to provisions contained therein,
the holders of any such project obligations then outstanding and proposed to be refunded...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.10.htm - 3K - Match Info - Similar pages
41-10-277
Section 41-10-277 Refunding bonds. Any bonds issued by the authority may from time to time
thereafter be refunded by the issuance of refunding bonds of the authority. Any such refunding
bonds may be issued regardless of whether the bonds to be refunded shall have then matured
or shall thereafter mature, and such refunding may be effected either by sale of the refunding
bonds and the application of the proceeds thereof to the payment or redemption of the bonds
so refunded or by exchange of the refunding bonds for those 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, if they are called for redemption, prior to the date on which they may be redeemed by
the authority according to their terms. Any refunding bonds of the authority shall be payable
solely from and secured by the revenues out of which the bonds to be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-277.htm - 2K - Match Info - Similar pages
11-54-181
Section 11-54-181 Refunding bonds. Any bonds issued by an authority may from time to time be
refunded by the issuance, by sale or exchange, of refunding bonds payable from the same or
different sources for the purpose of paying all or any part of the principal of the bonds
to be refunded, any redemption premium required to be paid as a condition to the redemption
prior to maturity of any such bonds that are to be so redeemed in connection with such refunding,
any accrued and unpaid interest on the bonds to be refunded, any interest to accrue on each
bond to be refunded to the date on which it is to be paid, whether at maturity or by redemption
prior to maturity, and the expenses incurred in connection with refunding; provided, that
unless duly called for redemption pursuant to provisions contained therein, the holders of
any such bonds then outstanding and proposed to be refunded shall not be compelled without
their consent to surrender their outstanding bonds for such refunding. Any...
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