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11-92A-16
Section 11-92A-16 Use of bonds, proceeds, etc. (a) The proceeds from the sale of any
bonds shall be applied as provided in the proceedings in which the bonds are authorized to
be issued, including without limitation, the payment of all legal, fiscal, and recording fees
and expenses incurred in connection with the authorization, sale, and issuance of the bonds
and, if so provided in the proceedings authorizing their issuance, interest on said bonds
(or if only a part of any issue of bonds is issued for acquisition purposes, interest on that
portion of the bonds of that issue that is issued to pay acquisition costs) for a reasonable
period prior to and during the time required for the acquisition, construction, and equipping
of the project. An authority may provide in the proceedings authorizing the issuance of bonds
for the funding of a debt service reserve and/or a replacement and extension reserve from
the proceeds of its bonds. (b) All contracts made by an authority and all bonds...
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11-99B-11
Section 11-99B-11 Establishment and revision of rentals, licenses, rates, fees, and
charges for services or facilities rendered by district. Rates, fees, charges, rentals, and
licenses for services rendered by the district or facilities provided by the district from
any of its projects shall be so fixed and, from time to time, revised as at all times to provide
funds at least sufficient, taking into account other sources for the payment thereof, to:
(1) Pay the cost of operating, maintaining, repairing, replacing, extending, and improving
the project or projects of the district. (2) Pay the principal of and the interest on all
bonds issued and obligations assumed by the district that are payable out of the revenues
derived from operation of the project or projects of the district as the said principal and
interest become due and payable. (3) Create and maintain such reserves for the foregoing purposes
or any of them as may be provided in any trust indenture executed by the district...
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23-6-8
Section 23-6-8 Bonds of corporation; annual appropriation from state Public Road and
Bridge Fund. (a) The bonds of the corporation shall be signed by its president and attested
by its secretary and the seal of the corporation shall be affixed thereto or a facsimile thereof
printed or otherwise reproduced thereon. The signatures of both the president and the secretary
on any bonds may be facsimile signatures if the board of directors, in its proceedings with
respect to issuance of the bonds, provides for manual authentication thereof, or manual execution
of certificates of registration thereon, by a trustee, registrar, or paying agent or by named
individuals who are employees of the state assigned to the Finance Department or the State
Treasurer's office. Any bonds of the corporation may be executed and delivered by it at any
time and shall be in the form and denominations and of the tenor and maturities, shall bear
the rate or rates of interest payable and evidenced in such manner, may...
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27-41-10
Section 27-41-10 Particular investments - Bonds, etc., issued by states, counties, municipalities,
etc., to provide funds for public projects, etc. An insurer may invest in bonds and other
evidences of indebtedness which are obligations of any state, county, city, town, village,
municipality, district, or other political subdivision of any state or of any instrumentality
or board thereof or of the United States of America issued to provide funds for public projects,
or for refunding of bonds issued for such purposes, which are revenue producing and self-supporting
if such obligations are secured by a lien on such revenues to pay principal and interest and
the issuing body is required to charge adequate rates for the services so provided to pay
all charges against the project, including principal and interest on all indebtedness outstanding
against the project. (Acts 1977, No. 408, p. 530, ยง10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-41-10.htm - 1K - Match Info - Similar pages
9-6-9
Section 9-6-9 Bonds - Issuance; form, terms, denominations, etc.; sale; security for
payment generally. All bonds issued by the authority shall be signed by the chairman of its
board or other chief executive officer and attested by its secretary, and the seal of the
authority shall be affixed thereto and any interest coupons applicable to the bonds of the
authority shall be signed by the chairman of its board or other chief executive officer; provided,
that a facsimile signature of one, but not both, of said officers may be printed or otherwise
reproduced on any such bonds in lieu of his manually signing the same, and a facsimile of
the signature of the chairman of the board or other chief executive officer may be printed
or otherwise reproduced on any such interest coupons in lieu of his manually signing the same.
Any such bonds may be executed and delivered by the authority at any time and from time to
time, shall be in such form and denominations and of such tenor and maturities,...
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11-89-12
Section 11-89-12 Establishment and revision of rates, fees, and charges for services
rendered by district. Rates, fees, and charges for water service, sewer service, and fire
protection service rendered by the district from any of its water systems, sewer systems or
fire protection facilities shall be so fixed and from time to time revised as at all times
to provide funds at least sufficient to: (1) Pay the cost of operating, maintaining, repairing,
replacing, extending, and improving the systems and facilities or either from which such services
are rendered; (2) Pay the principal of and the interest on all bonds issued and obligations
assumed by the district that are payable out of the revenues derived from operation of those
systems and facilities as the said principal and interest become due and payable; (3) Create
and maintain such reserve for the foregoing purposes or any of them as may be provided in
any mortgage and deed of trust or trust indenture executed by the district under...
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11-89A-13
Section 11-89A-13 Freedom of authority from supervision and control of state; applicability
of Article 1 of Chapter 27 of Title 22. (a) This chapter is intended to aid the state through
the furtherance of the purposes of the chapter by providing appropriate and independent instrumentalities
with full and adequate powers to fulfill their functions. Except as expressly provided in
this chapter, no proceeding, notice, or approval shall be required for the incorporation of
any authority or the amendment of its certificate of incorporation, the purchase of any note
or other instrument secured by a mortgage, deed of trust, note, or other security interest,
the issuance of any bonds, the execution of any mortgage and deed of trust or trust indenture,
or the exercise of any other of its powers by an authority. Neither a public hearing nor the
consent of the State Department of Finance or any other department, agency, bureau, board,
or corporation of the state shall be prerequisite to the...
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11-97-13
Section 11-97-13 Freedom of corporation from supervision and control of state; applicability
of certain laws regarding operation of facilities. (a) This chapter is intended to aid the
state through the furtherance of the purposes of the chapter by providing appropriate and
independent instrumentalities with full and adequate powers to fulfill their functions. Except
as expressly provided in this chapter, no proceeding, notice, or approval shall be required
for the incorporation of any corporation or the amendment of its certificate of incorporation,
the purchase of any note or other instrument secured by a mortgage, deed of trust, note or
other security interest, the issuance of any bonds, the execution of any mortgage and deed
of trust or trust indenture, or the exercise of any other of its powers by a corporation.
Neither a public hearing nor the consent of the State Department of Finance or any other department,
agency, bureau, board, or corporation of the state shall be...
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45-38-141.16
Section 45-38-141.16 Notice requirements, etc.; regulatory control and supervision.
(a) Except as expressly otherwise provided in this part, no proceeding, notice, or approval
shall be required for the incorporation of the authority or the amendment of its certificate
of incorporation, the acquisition of any property, water system, or fire protection facility,
or the issuance of any mortgage and deed of trust or trust indenture. (b) The authority, every
water system or fire protection facility owned by the authority or leased or subleased to
a county, and the rates and charges thereof shall be exempt from all jurisdiction of and all
regulation and supervision by the Alabama Public Service Commission and neither a public hearing
nor the consent of the State Department of Finance shall be prerequisite to any transaction
between or with the authority and the county or between the authority or the county and any
vendor, vendee, lessor, or lessee to or from the authority. (Act 89-472, p....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-38-141.16.htm - 1K - Match Info - Similar pages
45-46-90.15
Section 45-46-90.15 Freedom of authority from state supervision and control. This article
is intended to aid the state in the execution of its duties by providing appropriate and independent
instrumentalities of the state with full and adequate powers to fulfill their functions. Except
as otherwise provided in this article, no proceeding, notice, or approval shall be required
for the incorporation of any authority or the amendment of its certificate of incorporation,
the acquisition of any inland commercial or industrial facility or any dock or port facilities
or any other facilities or other property used in connection with or related to commerce on
the inland waterways traversing Marengo County or any municipality in the county, or the issuance
of any bonds, mortgages, and deeds of trust, or trust indentures. The authority, all property
of the authority, and the fees, tolls, rents, and other charges for the use of such property
or for any services therefrom, shall be exempt from all...
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