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11-55-8
Section 11-55-8 Investment in bonds by savings banks and insurance companies. Bonds issued
under the provisions of this chapter shall be legal investments for savings banks and insurance
companies organized under the laws of this state. (Acts 1955, No. 491, p. 1107, §9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-55-8.htm - 578 bytes - Match Info - Similar pages
11-58-11
Section 11-58-11 Investment in bonds by savings banks and insurance companies. Bonds issued
under the provisions of this chapter shall be legal investments for savings banks and insurance
companies organized under the laws of this state. (Acts 1955, No. 516, p. 1160, §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-58-11.htm - 581 bytes - Match Info - Similar pages
4-2A-15
Section 4-2A-15 Bonds as legal investments for state, public officers, public corporations,
financial institutions, insurance companies, fiduciaries, etc. REPEALED IN THE 2018 REGULAR
SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(Acts 1991, No. 91-667, p. 1275, §15.)...
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2-6-84
Section 2-6-84 Securities as legal investments. Securities issued by the corporation under
the provisions of this article shall be legal investments for fiduciaries investing trust
funds and for investments by savings banks, savings and loan associations and insurance companies
organized under the laws of the state and shall be eligible to be used as security for the
deposit of funds of the state and its instrumentalities. (Acts 1984, No. 84-252, p. 405, §15.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-84.htm - 770 bytes - Match Info - Similar pages
11-101A-17
Section 11-101A-17 Securities are legal investments. Securities issued under this chapter are
hereby made legal investments for savings banks and insurance companies organized under the
laws of the state. Unless otherwise directed by the court having jurisdiction thereof or the
document that is the source of authority, a trustee, executor, administrator, guardian, or
one acting in any other fiduciary capacity may, in addition to any other investment powers
conferred by law and with the exercise of reasonable business prudence, invest trust funds
in securities of an authority. The governing body of any authorizing subdivision, or any county
or municipality in which any project of an authority may be situated, may, in its discretion,
invest in securities of the authority any idle or surplus money held in its treasury which
is not otherwise earmarked or pledged. (Act 2001-642, p. 1317, §1.)...
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22-21-326
Section 22-21-326 Securities issued under article as legal investments. Securities issued under
the provisions of this article are hereby made legal investments for savings banks and insurance
companies organized under the laws of the state. Unless otherwise directed by the court having
jurisdiction thereof or the document that is the source of authority, a trustee, executor,
administrator, guardian or one acting in any other fiduciary capacity may, in addition to
any other investment powers conferred by law and with the exercise of reasonable business
prudence, invest trust funds in securities of an authority. The governing body of any authorizing
subdivision (or any county or municipality in which any health care facilities of an authority
may be situated) is authorized, in its discretion, to invest in securities of such authority
any idle or surplus money held in its treasury which is not otherwise earmarked or pledged.
(Acts 1982, No. 82-418, p. 629, §17.)...
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19-3-128
Section 19-3-128 Debts incurred under National Housing Act and under acts of congress relating
to veterans' benefits. All debts or extensions of credit incurred pursuant to any provision
of the act of Congress known as the National Housing Act, as the same now exists or may hereafter
be amended or supplemented, and all debts or extensions of credit incurred pursuant to any
act of congress relating to veterans' benefits, as the same now exists or may hereafter be
amended or supplemented, shall be legal investments for banks, insurance companies, savings
and loan associations, trustees, fiduciaries of all types and for any other person, firm or
corporation, and shall be free from any restrictions of this state as to the nature, forms,
or amounts of any loans or investments. The provisions of this section supersede the provisions
of any act defining legal investments in any way contrary to the provisions hereof. (Acts
1969, No. 2, p. 296.)...
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15-23-16
Section 15-23-16 Alabama Crime Victims Compensation Fund; created; purposes; composition; administered
or managed by commission. (a) There is hereby established a special fund to be known as the
Alabama Crime Victims Compensation Fund. (b) The fund shall be placed under the management
or administration of the Alabama Crime Victims Compensation Commission for purposes of providing
compensation or other benefits to crime victims and for purposes of implementing this article.
(c) The fund shall consist of all moneys collected or received by the Alabama Crime Victims
Compensation Commission from any source. (d) The commission shall have control of the funds
not inconsistent with this article and with the laws of Alabama. (e) All moneys of the commission
shall be covered into the State Treasury or deposited in a special trust account and may be
withdrawn therefrom by vouchers or check signed by the chair of the commission pursuant to
authorization given by the commissioner. All investments...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/15-23-16.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92A-16.htm - 3K - Match Info - Similar pages
11-92B-12
Section 11-92B-12 Bonds of the authority. (a) Bonds of an authority shall be signed by the
chair or vice chair and attested to by the secretary or assistant secretary. The seal of an
authority shall be affixed thereto. A facsimile of the signature of the officers may be printed
or otherwise reproduced on any such bonds in lieu of being manually subscribed thereon, and
a facsimile of the seal of an authority may be printed or otherwise produced on any such bonds
in lieu of being manually affixed thereto, provided that the bonds have been manually authenticated
by a transfer agent of the bonds issued. Delivery of the bonds so executed shall be valid
notwithstanding any subsequent changes in officers or in the seal of an authority. (b) Bonds
may be executed and delivered by an authority at any time. The bonds shall be in such form
and denominations and of such tenor and maturities, shall bear such rate or rates of interest
or no interest, shall be payable at such times, and shall be...
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