16-17-13
Section 16-17-13 Proceeds from sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized and any costs and expenses incidental thereto. Such costs and expenses
may include but shall not be limited to: (1) The engineering, legal, architectural, fiscal
and other expenses incurred in connection with the issuance of the bonds; (2) In the case
of bonds issued to pay costs of construction, interest on such bonds (or, if a part only of
any series of bonds is issued for construction purposes, interest on that portion of the bonds
of that series that is issued to pay construction costs) prior to and during such construction
and for not exceeding one year after completion of such construction; and (3) In the case
of bonds issued for the purpose of refunding principal and interest, or either, with respect
to bonds issued or obligations assumed by the authority, any premium that it may be...
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16-18-14
Section 16-18-14 Proceeds from sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized and any costs and expenses incidental thereto. Such costs and expenses
may include but shall not be limited to: (1) The engineering, legal, architectural, fiscal
and other expenses incurred in connection with the issuance of the bonds; (2) In the case
of bonds issued to pay costs of construction, interest on such bonds (or, if a part only of
any series of bonds is issued for construction purposes, interest on that portion of the bonds
of that series that is issued to pay construction costs) prior to and during such construction
and for not exceeding one year after completion of such construction; and (3) In the case
of bonds issued for the purpose of refunding principal and interest, or either, with respect
to bonds issued or obligations assumed by the authority, any premium that it may be...
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41-10-313
Section 41-10-313 Price of bonds; competitive bidding; notice of sale; expenses of sale.
Bonds of the authority may be sold at such price or prices and at such time or times as the
board of directors of the authority may consider advantageous, at public or private sale.
If bonds are to be sold by competitive bid on sealed bids or at public auction, the bonds
may be sold only to the bidder whose bid reflects the lowest effective borrowing cost to the
authority for the bonds being sold; provided, that if no bid acceptable to the authority is
received, it may reject all bids. Notice of each such sale by competitive bids shall be given
by publication in either a financial journal or a financial newspaper published in the City
of New York, New York, and also by publication in a newspaper published in the State of Alabama,
each of which notices must be published at least one time not less than 10 days before the
date fixed for such sale. The board of directors may fix the terms and...
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41-10-58
Section 41-10-58 Sale of bonds; public hearing or consent of Department of Finance,
etc., not a prerequisite to issuance of bonds. (a) Any of the bonds may be sold at any time
and from time to time as said board of directors may deem advantageous. The bonds must be
sold only at public sale, either on sealed bids or at public auction, to the bidder whose
bid reflects the lowest net interest cost to the authority for the bonds being sold, computed
from the date of those at the time being sold to their respective maturities; provided, that
if no bid acceptable to the authority is received, it may reject all bids. Notice of each
such sale must be given by publication in either a financial journal or a financial newspaper
published in the City of New York, New York, and also by publication in a newspaper published
in this state which is customarily published not less often than six days during each calendar
week, each of which notices must be published at least one time not less than 10...
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9-14A-12
Section 9-14A-12 Bonds - Sale and execution. The bonds of each series thereof issued
pursuant to this chapter shall be sold by the corporations at public sale as provided in the
amendment. The bonds shall be executed in the name of the state by the Governor and countersigned
by the secretary of the respective corporation issuing the bonds, and the Great Seal of the
State shall be impressed thereon and attested by the Secretary of State. A facsimile of the
signature of each such official may be imprinted on any of the bonds in lieu of being manually
inscribed thereon, and a facsimile of the Great Seal of the State may be printed on the bonds
in lieu of such seal being manually impressed thereon. Each such facsimile signature shall
be valid in all respects as if the officials whose facsimile signatures are so used had signed
the bonds in person, and any facsimile of the Great Seal of the State so used shall be valid
in all respects as if such seal had been manually impressed on the...
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11-50-318
Section 11-50-318 Disposition of proceeds from sale of bonds. All moneys derived from
the sale of any bonds issued by any corporation organized under this article or the articles
of incorporation of which are amended under this article shall be used solely for the purpose
or purposes for which the same are authorized, including any engineering, legal, and other
expenses incidental thereto and, in the case of bonds issued in whole or in part for construction
of a system or any part thereof, interest on such bonds or, if a part only of the bonds are
issued for the purpose of such construction, on the part of such bonds issued for that purpose,
prior to and during such construction and for not exceeding one year after completion of such
construction and, in the case of bonds issued by such corporation for the purpose of refunding
outstanding bonds of such corporation, any premium which it may be necessary to pay in order
to redeem or retire the bonds to be refunded. (Acts 1951, No. 175,...
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11-50-406
Section 11-50-406 Bonds - Disposition of proceeds from sale. All moneys derived from
the sale of any bonds issued by any district incorporated under this article shall be used
solely for the purpose or purposes for which the same are authorized, including any engineering,
legal or other expenses incident thereto and, in the case of bonds issued in whole or in part
for the construction of a gas system or systems or any part thereof, interest on such bonds
(or, if a part only of the bonds are issued for the purpose of such construction, on the part
of such bonds issued for that purpose) prior to and during such construction and, in the case
of bonds issued by a district for the purpose of refunding outstanding bonds of such district,
any premium which it may deem necessary to pay in order to redeem or retire the bonds to be
refunded and any interest (accrued and to accrue) on the bonds to be so refunded. The treasurer
or other officer designated by the board of directors shall give a...
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11-81-144
Section 11-81-144 Form, terms, denominations, etc., of bonds; maturity and sale; execution
and delivery; issuance of revenue refunding bonds. (a) Revenue anticipation bonds may be issued
under this division in one or more series, may bear such date or dates, may be payable in
such medium of payment, at such place or places, may carry such registration privileges, may
be executed in such manner, may contain such terms, covenants and conditions, and may be in
such form, either coupon or registered, as may be specified in the resolution or resolutions
providing for their issuance. (b) Such bonds shall mature in the manner provided for the maturity
of revenue bonds in Section 11-81-6 and shall be sold as provided in Sections 11-81-10
through 11-81-12; provided, that if the proceedings authorizing the issuance of any revenue
anticipation bonds under this division shall recite that the undertaking with respect to which
such bonds are to be issued is then leased by the municipality or county...
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11-99B-10
Section 11-99B-10 Disposition of proceeds from sale of bonds. All moneys derived from
the sale of any bonds issued by the district shall be used solely for the purpose or purposes
for which the same are authorized and any costs and expenses incidental thereto. Such costs
and expenses may include but shall not be limited to: (1) The fiscal, accounting, engineering,
legal, and other expenses incurred in connection with the issuance of the bonds. (2) Interest
on the bonds in the case of bonds issued to pay costs of construction or, if a part only of
any series of bonds is issued for construction purposes, interest on that portion of the bonds
of that series that is issued to pay construction costs prior to and during such construction
and for not exceeding one year after completion of such construction. (3) Any premium that
it may be necessary to pay in order to redeem or retire the bonds or other obligations to
be refunded in the case of bonds issued for the purpose of refunding...
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35-12-80
Section 35-12-80 Public sale of abandoned property. (a) Except as otherwise provided
in this section, the Treasurer, within three years after the receipt of abandoned property,
shall sell it to the highest bidder at public sale. The Treasurer may decline the highest
bid and reoffer the property for sale if the Treasurer considers the bid to be insufficient.
The Treasurer need not offer the property for sale, if the Treasurer considers that the probable
cost of sale will exceed the proceeds of the sale. A sale held under this section shall
be preceded by a single publication of notice, at least three weeks before sale, in a newspaper
of general circulation in the county in which the property is to be sold. (b) Securities listed
on an established stock exchange must be sold at prices prevailing on the exchange at the
time of sale. Other securities may be sold over the counter at prices prevailing at the time
of sale or by any reasonable method selected by the Treasurer. All securities...
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