2-5A-32
Section 2-5A-32 Execution and other details of bonds. The bonds shall be signed by the chair
or vice chair of the Board of Agriculture and Industries, and the seal of the Department of
Agriculture and Industries shall be affixed thereto, or a facsimile thereof imprinted thereon,
and attested by the secretary of the board. All signatures of the chair, vice chair, and secretary
may be facsimile signatures if the proceedings under which the bonds are issued provide for
the manual authentication of such bonds by a trustee or paying agent or by named individuals
who are employees of the State of Alabama and who are assigned to the Department of Finance
or office of the State Treasurer. The seal of the Department of Agriculture and Industries
shall be impressed on the bonds and a facsimile of such seal may be printed or otherwise reproduced
on any of the bonds in lieu of being manually impressed thereon. Delivery of bonds so executed
shall be valid notwithstanding any changes in officers...
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11-15-11
Section 11-15-11 Warrants - Execution and delivery. All warrants shall be signed by the president
or vice-president of the corporation, and the seal of the corporation shall be affixed thereto
and attested by its secretary. They shall be drawn on the treasurer or depository of the funds
of the corporation. Coupons shall be signed by the president or vice-president of the corporation,
but a facsimile of the signature of such president or vice-president may be impressed on any
such interest coupons in lieu of his manually signing the same. Delivery of warrants so executed
shall be valid notwithstanding any changes in officers or in the seal of the corporation after
the signing and sealing of the warrants. (Acts 1951, No. 682, p. 1172, §10.)...
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11-88-8
Section 11-88-8 Bonds of authority - 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 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 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 authority may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto and a...
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16-18B-10
Section 16-18B-10 Bonds - Execution; facsimiles; validity. The bonds of each series thereof
issued pursuant to this article shall be sold by said corporation at public sale as provided
in the amendment. The bonds shall be executed in the name of the state by the Governor and
countersigned by the secretary of the corporation, and the Great Seal of the State shall be
impressed thereon and attested by the Secretary of State. A facsimile of the signature of
each such official may be imprinted on any of the bonds in lieu of being manually inscribed
thereon, and a facsimile of the Great Seal of the State may be printed on the bonds in lieu
of such seal being manually impressed thereon. Each such facsimile signature shall be valid
in all respects as if the officials whose facsimile signatures are so used had signed the
bonds in person, and any facsimile of the Great Seal of the State so used shall be valid in
all respects as if such seal had been manually impressed on the bonds. In the event...
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9-14A-12
Section 9-14A-12 Bonds - Sale and execution. The bonds of each series thereof issued pursuant
to this chapter shall be sold by the corporations at public sale as provided in the amendment.
The bonds shall be executed in the name of the state by the Governor and countersigned by
the secretary of the respective corporation issuing the bonds, and the Great Seal of the State
shall be impressed thereon and attested by the Secretary of State. A facsimile of the signature
of each such official may be imprinted on any of the bonds in lieu of being manually inscribed
thereon, and a facsimile of the Great Seal of the State may be printed on the bonds in lieu
of such seal being manually impressed thereon. Each such facsimile signature shall be valid
in all respects as if the officials whose facsimile signatures are so used had signed the
bonds in person, and any facsimile of the Great Seal of the State so used shall be valid in
all respects as if such seal had been manually impressed on the...
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11-50-316
Section 11-50-316 Execution, sale, etc., of bonds and refunding bonds of corporation; terms,
denominations, etc., thereof; charge, application, etc., of revenues from systems for payment
of bonds, etc., generally; vesting of title to systems in municipality and dissolution of
corporation upon payment of bonds in full, etc. (a) All bonds issued by any such corporation
organized or the certificate of incorporation of which is amended under this article shall
be signed by the chairman of the board of directors or other chief executive officer and attested
by its secretary, and the seal of such corporation shall be affixed thereto; provided that,
if authorized by the board of directors of such corporation, said bonds may be executed with
an engraved, imprinted, stamped, or otherwise reproduced facsimile of any signature or seal
in lieu of a manually made signature or manually made impressment of the seal; provided further,
that at least one signature required or permitted to be placed...
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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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11-58-7
Section 11-58-7 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, etc.;
dissolution of corporation. (a) All bonds issued by a corporation organized under authority
of this chapter shall be solely and exclusively obligations of the corporation and shall not
create an obligation or debt of any municipality or county. No county or municipality shall
pledge its faith or credit for the payment of any debt incurred or bonds issued by the corporation.
(b) Bonds may be executed and delivered at any time and from time to time, may be in the form
and denominations, may be of the tenor, may be in registered or bearer form, either as to
principal or interest or both, may be payable in installments and at a time or times, not
exceeding 40 years from their issuance date, may be payable at a place or places, may bear
interest at a rate or rates payable at a place or places and evidenced in a manner, and may
contain provisions not inconsistent with this chapter as may be provided by...
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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...
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41-10-355
Section 41-10-355 Members of authority; officers; payment of bonds of authority; quorum; vacancies;
compensation; record of proceedings and use thereof as evidence; meetings. The applicants
named in the application and their respective successors in office shall constitute the members
of the authority. The Governor shall be the president of the authority, the commissioner shall
be the vice-president thereof, and the Director of Finance shall be the secretary thereof.
The State Treasurer shall be treasurer of the authority, shall act as custodian of the funds
of the authority, and shall pay the principal of and interest on the bonds of the authority
out of the funds hereinafter provided for; provided, that the State Treasurer may designate
one or more banks either within or without the state as the paying agent with respect to any
series of bonds issued under this article. The members of the authority shall constitute all
the members of the board of directors of the authority, and the...
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