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11-20-41
Section 11-20-41 Borrowing of money for temporary use and issuance of temporary revenue bonds
or notes as evidence thereof. The corporation may, in addition to the other powers granted
in this article, borrow money for temporary use for any of its corporate purposes and in evidence
of such borrowing issue from time to time revenue bonds or notes maturing not later than three
years from the date of issuance. Any such temporary borrowing may be made in anticipation
of the sale and issuance of long term revenue bonds, and in such event the principal proceeds
from the sale of such long term revenue bonds shall, to the extent necessary, be used for
payment of the principal of and the interest on the temporary revenue bonds or notes issued
in anticipation of the sale and issuance of such long term revenue bonds. (Acts 1977, No.
762, p. 1310, ยง12.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-20-41.htm - 1K - Match Info - Similar pages
11-94-14
Section 11-94-14 Refunding bonds. An authority may at any time and from time to time issue
refunding bonds for the purpose of refunding the principal of and the interest on any bonds
of the authority theretofore issued hereunder and then outstanding, whether or not such principal
and interest shall have matured at the time of such refunding, and for the payment of any
expenses incurred in connection with such refunding and any premium necessary to be paid in
order to redeem, retire or purchase for retirement the bonds to be refunded. The proceeds
derived from the sale of any refunding bonds shall be used only for the purposes for which
the refunding bonds were authorized to be issued. Any such refunding may be effected either
by sale of the refunding bonds and the application of the proceeds thereof, or by exchange
of the refunding bonds for the bonds or interest coupons to be refunded thereby; provided
that the holders of any bonds or coupons so to be refunded shall not be compelled...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-94-14.htm - 2K - Match Info - Similar pages
2-3A-30
Section 2-3A-30 Issuance of bonds; obligation of state; proceeds; specifications. In order
to implement Constitutional Amendment 618 authorizing the issuance by the state of $52,000,000
in principal amount of its general obligation bonds, which amendment was proposed by Act 98-378
of the 1998 Regular Session of the Legislature, the Alabama Agricultural Development Authority
shall, in addition to all other powers that may be exercised by said authority, have the power
to issue and sell for the state, subject to the approval of the Governor, interest bearing
general obligation bonds of the state not in excess of $52,000,000 in principal amount, as
authorized by said amendment. Such bonds shall not be obligations of said authority but shall
be general obligations of the State of Alabama with the full faith and credit and taxing power
of the state to be pledged to the prompt and faithful payment of the principal thereof and
the interest and redemption premium (if any) thereon. The proceeds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-30.htm - 2K - Match Info - Similar pages
4-3-19
Section 4-3-19 Refunding bonds. The authority may at any time and from time to time issue refunding
bonds for the purpose of refunding the principal of and the interest on any bonds of the authority
theretofore issued hereunder and then outstanding, whether or not such principal and interest
shall have matured at the time of such refunding and for the payment of any expenses incurred
in connection with such refunding and any premium necessary to be paid in order to redeem,
retire or purchase for retirement the bonds to be refunded. The proceeds derived from the
sale of any refunding bonds shall be used only for the purposes for which the refunding bonds
were authorized to be issued. Any such refunding may be effected either by sale of the refunding
bonds and the application of the proceeds thereof or by exchange of the refunding bonds for
the bonds or interest coupons to be refunded thereby; provided, that the holders of any bonds
or coupons so to be refunded shall not be compelled...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-19.htm - 2K - Match Info - Similar pages
45-37A-56.37
Section 45-37A-56.37 Refunding bonds. The authority may at any time and from time to time issue
refunding bonds for the purpose of refunding the principal of and the interest on any bonds
of the authority theretofore issued hereunder and then outstanding, whether or not such principal
and interest shall have matured at the time of such refunding, and for the payment of any
expenses incurred in connection with such refunding and any premium necessary to be paid in
order to redeem, retire, or purchase for retirement the bonds to be refunded. The proceeds
derived from the sale of any refunding bonds shall be used only for the purposes for which
the refunding bonds were authorized to be issued. Any such refunding may be effected either
by sale of the refunding bonds and the application of the proceeds thereof, or by exchange
of the refunding bonds for the bonds or interest coupons to be refunded thereby; provided
that the holders of any bonds or coupons so to be refunded shall not be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-56.37.htm - 2K - Match Info - Similar pages
11-81-15
Section 11-81-15 Levy, collection and disposition of special tax for payment of principal and
interest on bonds and sinking fund payments. In every county and municipality the officers
charged by law with the duty of levying taxes shall annually, without further authority, levy
a tax, insofar as such a tax is or may be permitted by the present or any future provisions
of the Constitution, sufficient to pay: (1) Bond interest falling due in that year of all
bonds issued after March 15, 1933; (2) The principal of all serial bonds issued after March
15, 1933 falling due during the current fiscal year; (3) The sinking fund appropriation for
the current fiscal year, if any, required by any agreement heretofore made or by any proceedings
heretofore taken to establish a sinking fund for the payment of bonds now outstanding, or
required by any agreement which may be made or proceedings taken after February 15, 1933,
to establish a sinking fund for the payment of funding or refunding bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-15.htm - 2K - Match Info - Similar pages
11-81-165
Section 11-81-165 Borrowing in anticipation of sale and issuance of bonds authorized; procedure
therefor. (a) Any municipality or county in the state may at any time and from time to time,
in anticipation of the sale and issuance of revenue bonds under the provisions of this article,
as amended, borrow money for temporary use for any purpose or purposes for which revenue bonds
are authorized to be issued under this article and in evidence of such borrowing may issue
interest-bearing notes. (b) Each such note shall be a limited or special obligation of the
issuing municipality or county, payable as to both principal and interest solely from the
same revenues out of which such revenue bonds are proposed to be issued or from the proceeds
from the sale of such revenue bonds or from both said revenues and said bond proceeds, shall
be made payable not later than 24 months after its date, shall be signed as the governing
body of said municipality or county may prescribe, may be sold at public...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-165.htm - 2K - Match Info - Similar pages
16-18A-5
Section 16-18A-5 Revenue bonds - Issuance; negotiable, forms, terms, etc.; refunding bonds;
security. The authority shall have power and is hereby authorized from time to time to provide
by resolution for the issuance of negotiable revenue bonds for the purpose of paying all or
any part of the cost as herein defined of any of its projects. Such bonds may also be issued
to pay off, refund or refinance any outstanding bonds or other obligation of any nature owed
by the authority, whether or not such revenue bonds or other obligations shall then be subject
to redemption, and the authority may provide for such arrangements as it may determine for
the payment and security of the revenue bonds being issued or for the payment and security
of the revenue bonds or other obligations to be paid off, refunded or refinanced. The principal,
premium, if any, and interest of such revenue bonds shall be payable solely from the revenues,
receipts and earnings to be received by the authority in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18A-5.htm - 5K - Match Info - Similar pages
2-3A-50
Section 2-3A-50 Issuance of bonds; obligation of state; proceeds; specifications. In order
to implement Constitutional Amendment 619 authorizing the issuance by the state of five million
seven hundred thousand dollars ($5,700,000) principal amount of its general obligation bonds,
which amendment was proposed by Act 98-412 of the 1998 Regular Session of the Legislature,
the Alabama Agricultural Development Authority shall, in addition to all other powers that
may be exercised by said authority, have the power to issue and sell for the state, subject
to the approval of the Governor, interest bearing general obligation bonds of the state not
in excess of five million seven hundred thousand dollars ($5,700,000) in principal amount,
as authorized by said amendment. Such bonds shall not be obligations of said authority but
shall be general obligations of the State of Alabama with the full faith and credit and taxing
power of the state to be pledged to the prompt and faithful payment of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-50.htm - 2K - Match Info - Similar pages
23-1-307
Section 23-1-307 Bonds and notes - Authorization for issuance. The authority shall have the
power and is hereby authorized and empowered to sell and issue its bonds in order to provide
as soon as practicable the federal share of the cost of constructing federal aid projects
in anticipation of the receipt by the state of such federal portions as they become available
either during, upon or after completion of such construction. The authority shall have the
power, in addition to any other powers granted in this article, to borrow money for temporary
use for any of the purposes for which it is authorized by this article to issue bonds and,
in evidence of such borrowing, to issue from time to time temporary bonds or notes. Any such
temporary borrowing may be made in anticipation of the sale and issuance of bonds and in such
event the principal proceeds from the sale of such bonds shall, to the extent necessary, be
used for payment of the principal of and interest on the temporary bonds or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-307.htm - 1K - Match Info - Similar pages
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