|
11-99B-8
Section 11-99B-8 Bonds of district - Form, terms, denominations; sale; execution and
delivery; refunding; liability thereon; security for payment of principal and interest and
payment thereof generally; provisions in trust indentures executed as security for payment
of bonds generally. All bonds issued by the district shall be signed by the chairman of its
board or other chief executive officer and attested by its secretary and the seal of the district
shall be affixed thereto, and any interest coupons applicable to the bonds of the district
shall be signed by the chairman of its board or other chief executive officer. Any such bonds
may be executed and delivered by the district at any time and from time to time, shall be
in such form and denominations and of such tenor and maturities, shall contain such provisions
not inconsistent with the provisions of this chapter, and shall bear such rate or rates of
interest, or no interest, payable and evidenced in such manner, as may be provided...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99B-8.htm - 4K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-12.htm - 1K - Match Info - Similar pages
11-89-8
Section 11-89-8 Bonds of district - Form, terms, denominations, etc.; sale; execution
and delivery; refunding; liability thereon; security for payment of principal and interest
and payment thereof generally; provisions in mortgages, deeds of trust or trust indentures
executed as security for payment of bonds generally. All bonds issued by the district shall
be signed by the chairman of its board or other chief executive officer and attested by its
secretary and the seal of the district shall be affixed thereto, and any interest coupons
applicable to the bonds of the district shall be signed by the chairman of its board or other
chief executive officer; provided, that a facsimile of the 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, a facsimile of the seal of the district may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto and a facsimile of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-8.htm - 4K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99B-11.htm - 1K - Match Info - Similar pages
11-92C-22
Section 11-92C-22 Establishment and revision of rentals, licenses, rates, fees, and
charges for services or facilities rendered by authority. Rates, fees, charges, rentals, and
licenses for services rendered by an authority, a cooperative district of which the authority
is a member, or a private user or facilities provided by the authority, a cooperative district
of which the authority is a member, or a private user from any of their 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
authority, a cooperative district of which the authority is a member, or any private user.
(2) Pay the principal of and the interest on all bonds issued and obligations assumed by the
authority, a cooperative district of which the authority is a member, or any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-22.htm - 2K - Match Info - Similar pages
16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature
finds that the number of students attending the several school systems located in those areas
of North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16A-7.htm - 24K - Match Info - Similar pages
11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution,
sale, delivery, redemption, etc.; security for payment of principal or interest; remedies
upon default; liability of municipalities, board, etc., thereupon. (a) Any authority shall
have power to issue from time to time its bonds and notes in such principal amount as its
board shall determine to be necessary to provide sufficient funds for achieving any of its
corporate purposes, including the payment of interest on any of its notes and bonds, the establishment
of reserves to secure any such notes and bonds and all other expenditures of such authority
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
authority shall also have the power to issue from time to time notes to renew notes and bonds
to pay notes, including interest thereon and, whenever it deems refunding expedient, to refund
any bonds by the issuance of new bonds, whether the bonds to be refunded...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-8.htm - 12K - Match Info - Similar pages
11-89B-2
Section 11-89B-2 Form, terms, denominations, etc. of bonds; execution and delivery;
interest; sale; issuance of refunding bonds; liability on bonds; source of payment; use of
proceeds; mortgage, deed of trust, etc., containing certain agreements. All bonds issued pursuant
to the provisions of this chapter shall be signed by the chairman of the board of directors
or other governing body or other chief executive officer of such public corporation and attested
by its secretary and the seal of such public corporation shall be affixed thereto; provided,
that a facsimile of the signatures of both of the officers whose signatures will appear on
the bonds may be imprinted or otherwise reproduced thereon in lieu of being manually signed
if the proceedings in which the bonds are authorized to be issued provide for the manual authentication
of such bonds by a trustee, registrar or paying agent; provided further, that a facsimile
of the seal of such public corporation may be imprinted or otherwise...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89B-2.htm - 6K - Match Info - Similar pages
24-1A-6
Section 24-1A-6 Bonds. (a) General. The authority may from time to time issue its negotiable
bonds in such principal amounts as, in the opinion of the authority, shall be necessary to
provide sufficient funds for achieving the corporate purposes thereof, the payment of interest
on bonds of the authority, establishment of reserves to secure such bonds and all other expenditures
of the authority incident to, and necessary or convenient to, carrying out its corporate purposes
and powers. (b) Sources of Payment. Bonds issued by the authority shall be payable solely
out of revenues or property of the authority specified in the resolutions authorizing the
issuance of such bonds. To the extent permitted by any contracts with the holders of outstanding
bonds and any other contractual obligations or requirements, the authority may pledge any,
or all, of its revenues or mortgages or assign any, or all, of its assets (whether real or
personal and whether tangible or intangible) to secure the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-6.htm - 6K - Match Info - Similar pages
45-29-90.12
Section 45-29-90.12 Rates, fees, and charges for services. (a) Rates, fees, and charges
for services rendered by the authority from any of its facilities shall be fixed and from
time to time revised by the authority; provided, that such rates, fees, and charges shall
be so fixed as at all times to provide funds at least sufficient to do all of the following:
(1) To pay the cost of operating, maintaining, repairing, replacing, extending, and improving
the facilities and other property from which such services are rendered. (2) To pay the principal
of and the interest on all bonds issued and obligations assumed by it, the authority, that
are payable out of the revenues derived from the operation of those facilities, as the principal
and interest become due and payable. (3) To 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 hereunder or in any resolutions of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-90.12.htm - 2K - Match Info - Similar pages
|