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45-47-250.08
Section 45-47-250.08 Rates, fees, and charges. Rates, fees, and charges for water service and
fire protection service rendered by the authority from any of its water 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 and obligations assumed by
the authority that are payable out of the revenues derived from operation of those systems
and facilities together with revenues from any tax sources and fees as the 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 mortgage and deed of trust or trust indenture executed
by the authority under this article or in any resolutions of the...
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1-3-3
Section 1-3-3 Execution of bonds, warrants, notes, etc., with facsimile signatures and seals.
(a) In any instance where any bond, warrant, note or certificate is issued by any county,
municipality, board of education or public corporation in this state and is required or permitted
to be executed or attested by more than one person, a facsimile of the signature of any one
or more of the persons or officers executing or attesting the same may be imprinted or otherwise
reproduced on such instrument; provided, that at least one signature so required shall be
manually subscribed thereon. In any instance where any interest coupons are attached to any
such bond, warrant, note or certificate in evidence of installments of interest payable thereon,
a facsimile of any or all of the signatures required or permitted thereon may be imprinted
or otherwise reproduced thereon, and it shall not be necessary that any signature be manually
inscribed on any such interest coupon. Any signature required or...
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16-16B-8
Section 16-16B-8 (Implementation Conditioned on Separate Legislative Enactment.) Refunding
bonds. For the purpose of refunding any Bonds or Refunding Bonds of the Authority issued under
the provisions of this chapter, the 1965 Act, the 1971 Acts, the 1973 Act, the 1978 Act, the
1985 Act, the 1990 Act, the 1995 Act, the 1998 Act, the 1999 Act, the 2001 Act, the 2002 Act,
the 2003 Act, the 2007 Act or any other act previously enacted, or any combination thereof,
whether such refunding shall occur before, at or after the maturity of the Bonds refunded
and for the purpose of paying all premiums and expenses of such refunding (including, but
not limited to, attorneys' fees, costs of printing the Refunding Bonds, fiscal agents' fees,
and accountants' fees), the Authority is hereby authorized to sell and issue its Refunding
Bonds. Such Refunding Bonds may be sold and issued from time to time, at public sale, on sealed
bids and on such other terms and conditions as the Authority shall...
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41-10-654
Section 41-10-654 Bonds of the authority. (a) General authorization to issue bonds. The authority
is authorized from time to time to sell and issue the bonds in one or more series in an aggregate
principal amount of up to fifty million dollars ($50,000,000) in order to provide the funds
to pay project costs, ancillary costs, and training costs. (b) Source of payment. The bonds
authorized herein shall be solely and exclusively an obligation of the authority and shall
not create an obligation or debt of the state. Such bonds shall not be general obligations
of the authority but shall be payable solely from the pledged revenues. (c) Security for the
bonds. The principal of and interest on the bonds shall be secured by a pledge of the pledged
revenues and, if necessary and desirable in the authority's sole discretion, a mortgage on
any part of the project. The resolution under which the bonds are authorized by the authority
to be issued and any trust indenture or mortgage may contain any...
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41-10-674
Section 41-10-674 Authorization to issue bonds. (a) General. The authority is authorized from
time to time to sell and issue the bonds in one or more series in an aggregate principal amount
of up to one hundred three million seven hundred sixty thousand dollars ($103,760,000) in
order to provide the funds to pay project costs, ancillary costs and training costs. In addition,
proceeds of the bonds in an amount up to four million six hundred fifty-five thousand dollars
($4,655,000) shall be used to pay the cost of reconstructing and improving the flood levee
located in Elba, Alabama and proceeds in an amount up to five million eight hundred ten thousand
dollars ($5,810,000) shall be used to pay the cost of reconstructing and improving the flood
levee located in Geneva, Alabama. Of the proceeds of the bonds an amount up to seven hundred
sixty thousand dollars ($760,000) shall be allocated for the acquisition of high technology
and audio-visual equipment for an advanced aerospace training...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-674.htm - 3K - Match Info - Similar pages
14-2-11
Section 14-2-11 Execution of bonds and notes. The bonds and notes of the authority shall be
executed by the manual or facsimile signature of either its president or its treasurer, as
shall be provided in the resolution under which such securities shall be issued, and the seal
of the authority or a facsimile thereof shall be affixed to any bonds so issued and attested
by its secretary; provided, that if bonds are executed entirely by facsimile, such bonds shall
be authenticated by the manual signature of the bond trustee, registrar or paying agent. If,
after any of the bonds shall be so signed, whether manually or by facsimile, any such officer
shall for any reason vacate his said office, the bonds so signed may nevertheless be delivered
at any time thereafter as the act and deed of the authority. (Acts 1965, No. 678, p. 1226,
§12; Acts 1967, Ex. Sess., No. 103, p. 131; Acts 1985, 1st Ex. Sess., No. 85-125, p. 187,
§5.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-2-11.htm - 1K - Match Info - Similar pages
22-3A-8
Section 22-3A-8 Issuance of bonds. For the purposes of acquiring, constructing, installing
and equipping public health facilities, the authority is hereby authorized to issue and sell
from time to time its bonds, which bonds may be in the form of interest-bearing bonds or noninterest-bearing
bonds. Other than refunding bonds, the aggregate principal amount of bonds issued under this
chapter shall not exceed $45,000,000.00; provided, however, that, if the authority determines
that the total net amount of bond proceeds available to provide funds for paying the costs
of acquiring, constructing, improving, and equipping public health facilities (excluding underwriting
discount, other issuance expenses and 10 percent of the principal amount of such bonds to
be used to capitalize or fund a debt service reserve fund as authorized by Section 22-3A-16(b)),
plus the interest income, not exceeding $2,000,000.00, earned on such net amount of bond proceeds
pending expenditure thereof, will be less...
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41-10-309
Section 41-10-309 Execution of bonds and notes. The bonds and notes of the authority shall
be executed by the manual or facsimile signature of either its president or its treasurer,
as shall be provided in the resolution under which such securities shall be issued, and the
seal of the authority or a facsimile thereof shall be affixed to any bonds so issued and attested
by the manual or facsimile signature of its secretary; provided, that if bonds are executed
entirely by facsimile, such bonds shall be authenticated by the manual signature of the bond
trustee, registrar or paying agent. If, after any of the bonds shall be so signed, whether
manually or by facsimile, any such officer shall for any reason vacate his said office, the
bonds so signed may nevertheless be delivered at any time thereafter as the act and deed of
the authority. (Acts 1986, No. 86-546, p. 1093, §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-309.htm - 1K - Match Info - Similar pages
41-10-45.3
Section 41-10-45.3 Loans; maximum amount of project obligations; refinancing; investment of
funds. (a) The authority may provide loans to an eligible borrower to pay for all or part
of the eligible expenses of a qualifying project pursuant to a targeted county financing agreement.
A loan may have a maturity or maturities not exceeding 20 years from its date, may bear interest
or be interest free, may not exceed the maximum loan amount, and may contain terms not in
conflict with the provisions of this article, all as the governing body of the authority may
provide in the proceedings pursuant to which the loan is authorized to be issued. The authority
may provide, in its discretion, that the loan shall bear interest at a rate or rates fixed
at the time of the issuance thereof, or at fixed rates which may be changed from time to time
during the term of the loan in accordance with an objective procedure determined by the authority
at the time of the issuance of the loan, or at a floating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-45.3.htm - 3K - Match Info - Similar pages
41-10-499
Section 41-10-499 Execution of bonds and notes. The bonds and notes of the authority shall
be executed by the manual or facsimile signature of either its president or its secretary,
as shall be provided in the resolution under which such securities shall be issued, and the
seal of the authority or a facsimile thereof shall be affixed to any bonds so issued and attested
by the manuals or facsimile signature of its secretary; provided, that if bonds are executed
entirely by facsimile, such bonds shall be authenticated by the manual signature of the bond
trustee, registrar or paying agent or by named individuals who are employees of the state
and who are assigned to the Department of Finance or office of the State Treasurer. The seal
of the authority shall be impressed on the bonds, and a facsimile of said seal may be printed
or otherwise reproduced on any of the bonds in lieu of being manually impressed thereon. If,
after any of the bonds shall be so signed, whether manually or by...
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