2-3A-8
Section 2-3A-8 Bonds of the authority. (a) Source of payment. All bonds issued by the
authority shall be payable solely out of the revenues and other receipts of the authority
as may be designated in the proceedings of the board under which the bonds shall be authorized
to be issued. (b) Pledge of revenues and other security. The principal of and interest on
any bonds issued by the authority shall be secured by a pledge of the revenues and other receipts
out of which the same may be payable and may be secured by a trust indenture evidencing such
pledge or by a foreclosable mortgage and deed of trust conveying as security for such bonds
all or any part of the property of the authority from which the revenues so pledged may be
derived. The resolution under which the bonds are authorized to be issued or any such trust
indenture or mortgage may contain any agreements and provisions respecting the maintenance
and insurance of the property covered by such trust indenture or mortgage, the use...
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45-23A-91.09
Section 45-23A-91.09 Bonds of authority. (a) Source of payment. All bonds issued by
the authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. (1) The principal of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
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45-27A-31.09
Section 45-27A-31.09 Bonds of authority. (a) Source of payment. All bonds issued by
the authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. (1) The principle of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
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45-35A-52.09
Section 45-35A-52.09 Bonds of authority. (a) Source of payment. All bonds issued by
the authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. (1) The principal of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
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45-41A-40.09
Section 45-41A-40.09 Bonds of the authority. (a) Source of payment. All bonds issued
by the authority shall be payable solely out of the revenues and receipts derived from the
leasing or sale by the board of its projects or of any thereof as may be designated in the
proceedings of the board under which the bonds shall be authorized to be issued. (b) Pledge
of revenues, receipts, and other security. (1) The principal of and interest on any bonds
issued by the authority shall be secured by a pledge of the revenues and receipts out of which
the same may be payable and may be secured by a mortgage and deed of trust or trust indenture
conveying as security for such bonds all or any part of the property of the authority from
which the revenues or receipts so pledged may be derived. (2) The resolution under which the
bonds are authorized to be issued and any such mortgage and deed of trust or trust indenture
may contain any agreements and provisions respecting the operation, maintenance, and...
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45-8A-111.09
Section 45-8A-111.09 Bonds of authority. (a) Source of payment. All bonds issued by
the authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. The principal of and interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance, and insurance of...
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45-8A-20.09
Section 45-8A-20.09 Bonds of authority. (a) Source of payment. All bonds issued by the
authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. The principal of and interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance, and insurance of...
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41-10-472
Section 41-10-472 Pledge and lien for benefit of bonds. In the proceedings authorizing
the issuance of any of its bonds, the authority is authorized and empowered to pledge for
the payment of the principal of and interest on such bonds at the respective maturities of
said principal and interest, and to agree to use solely for such purpose, all the revenues
which under the provisions of Section 41-10-471 are provided for the payment of the
said principal and interest, subject to prior pledges thereof as and to the extent the authority
may provide. In said proceedings the authority may further provide and create, as security
for the payment of said principal and interest, a statutory lien upon the buildings and properties,
other than the State Capitol, for the acquisition and construction or renovation of which
the bonds are issued. Such statutory lien shall not be subject to foreclosure and, in the
event of default in the payment of any such principal or interest, the remedies...
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11-88-10
Section 11-88-10 Bonds of authority - Statutory mortgage lien to secure payment of principal
and interest. Any resolution of the board or trust indenture under which bonds may be issued
pursuant to the provisions of this article may contain provisions creating a statutory mortgage
lien, in favor of the holders of such bonds and of the interest coupons applicable thereto,
on the water systems, sewer systems and fire protection facilities or any thereof (including
any after-acquired property) out of the revenues from which such bonds are made payable. The
said resolution of the board or the said trust indenture may provide for the filing for record
in the office of the judge of probate of each county in which any part of such water systems,
sewer systems and fire protection facilities or any thereof may be located of a notice containing
a brief description of such systems and facilities or either, a brief description of such
bonds and a declaration that said statutory mortgage lien has...
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11-94-25
Section 11-94-25 Revenues to be used for paying bonds of authorities. Any provision
of Chapter 94 of Title 11, to the contrary notwithstanding, any bonds issued by an authority
in connection with any project described in paragraph b. of Section 11-94-1(9) need
not be payable solely out of the revenues derived from the leasing, sale or operation of such
project or any other project or projects of such authority but shall be payable solely out
of such revenues as may be designated in the proceedings of the board of directors of such
authority under which such bonds shall be authorized to be issued. In addition, an authority
may, in such proceedings or in any indenture or resolution providing for the issuance of such
bonds, assign and pledge any such revenues as security for the payment of the principal of
and interest and premium, if any, on such bonds and the performance of any agreements made
in connection therewith. (Acts 1986, No. 86-562, p. 1143, §2.)...
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