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
33-2-8
Section 33-2-8 General provisions relative to inland waterways improvement bonds and temporary loans. In order to provide funds for the purposes herein authorized, the Governor is hereby empowered to execute, with the concurrence of the director of state docks, and to sell the state's bonds in such amounts, not exceeding in the aggregate the sum of $3,000,000.00 as may be necessary for said purposes, all under and subject to the following provisions: Said bonds shall be appropriately designated as inland waterways improvement bonds of the state. The bonds may be issued from time to time in one or more series and the bonds of each series shall be payable in substantially equal annual installments of principal and interest at such times as may be designated by the State Docks Department with approval of the Governor; provided, that the first installment of principal of the bonds of each series must mature not later than 10 years from the date of such series and the last installment of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-8.htm - 10K - Match Info - Similar pages
45-23A-91.01
Section 45-23A-91.01 Definitions. The following words and phrases used in this part, and others evidently intended as the equivalent thereof, shall, in the absence of clear implication otherwise, be given the following respective interpretations: (1) APPLICANT. A natural person who files a written application with the governing body of the city in accordance with Section 45-23A-91.03. (2) AUTHORITY. The Ozark Downtown Redevelopment Authority, a public corporation organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing body of the city in accordance with Section 45-23A-91.03, that authorizes the corporation of the authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Includes bonds, notes, and certificates representing an obligation to pay money. (6) CITY. The City of Ozark, Alabama. (7) DIRECTOR. A member of the board of the authority. (8) DOWNTOWN DEVELOPMENT AREA. The central business district of the city as described in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-23A-91.01.htm - 3K - Match Info - Similar pages
45-30-250.08
Section 45-30-250.08 Rates, fees, and charges. Rates, fees, and charges for water service rendered by the authority from any of its systems shall be fixed and periodically revised so as to provide at all times funds sufficient to: (1) Pay the cost of operating, maintaining, repairing, replacing, extending, and improving the systems from which services are rendered. (2) Pay, upon becoming due and payable, 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 and revenues from any tax sources and fees. (3) Create and maintain reserves for the foregoing purposes as may be provided in any mortgage, deed of trust, or trust indenture executed by the authority under this article or in any resolutions of the board authorizing the assumption of any obligation of the acquisition of any system. (4) Make annual payments, if any, that the authority has contracted to make, to...
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45-35A-52.01
Section 45-35A-52.01 Definitions. The following words and phrases used in this part, and others evidently intended as the equivalent thereof, in the absence of clear implication herein otherwise, shall be given the following respective interpretations herein: (1) APPLICANT. A natural person who files a written application with the governing body of the city in accordance with Section 45-35A-52.03. (2) AUTHORITY. The Dothan Downtown Redevelopment Authority, a public corporation organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing body of the city in accordance with Section 45-35A-52.03, that authorizes the corporation of the authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Includes bonds, notes, and certificates representing an obligation to pay money. (6) CITY. The City of Dothan, Alabama. (7) DIRECTOR. A member of the board of the authority. (8) DOWNTOWN DEVELOPMENT AREA. The central business district of the city...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-35A-52.01.htm - 3K - Match Info - Similar pages
45-41A-40.01
Section 45-41A-40.01 Definitions. The following words and phrases used in this part, and others evidently intended as the equivalent thereof, in the absence of clear implication herein otherwise, shall be given the following respective interpretations herein: (1) APPLICANT. A natural person who files a written application with the governing body of the city in accordance with Section 45-41A-40.03. (2) AUTHORITY. The Opelika Downtown Redevelopment Authority, a public corporation organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing body of the city in accordance with Section 45-41A-40.03, that authorizes the corporation of the authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Shall include bonds, notes, and certificates representing an obligation to pay money. (6) CITY. The City of Opelika, Alabama. (7) DIRECTOR. A member of the board of the authority. (8) DOWNTOWN DEVELOPMENT AREA. The central business district of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-41A-40.01.htm - 3K - Match Info - Similar pages
45-8A-111.01
Section 45-8A-111.01 Definitions. The following words and phrases used in this part, and others evidently intended as the equivalent thereof, shall, in the absence of clear implication herein otherwise, be given the following respective interpretations herein: (1) "Applicant" means a natural person who files a written application with the governing body of the city in accordance with the provisions of Section 45-8A-111.03. (2) "Authority" means the Oxford Downtown Development Authority, a public corporation organized pursuant to this part. (3) "Authorizing resolution" means a resolution adopted by the governing body of the city in accordance with Section 45-8A-111.03, that authorizes the incorporation of the authority. (4) "Board" means the board of directors of the authority. (5) "Bonds" means and shall include bonds, notes, and certificates representing an obligation to pay money. (6) "City" means the City of Oxford, Alabama. (7) "Director" means a member of the board of the...
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11-32-8
Section 11-32-8 Rates and charges. (a) Rates, fees, and charges for public transportation service rendered by the authority from any of its transit systems shall be so fixed and from time to time revised as at all times to provide funds that, when added to all other revenues including tax proceeds anticipated to be received by the authority shall be at least sufficient to do all of the following: (1) Pay the cost of operating, maintaining, repairing, replacing, extending, and improving the systems from which such services are rendered. (2) Pay the principal of and the interest on all bonds issued and obligations assumed by the authority that are payable out of the revenues derived from operation of those systems, as the principal and interest become due and payable. (3) Create and maintain reserves for the foregoing purposes or any of them as may be provided in any mortgage, deed of trust, or trust indenture executed by the authority or in any resolutions of the board authorizing the...
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11-49A-9
Section 11-49A-9 Rates for public transportation service. Rates, fees, and charges for public transportation service rendered by the authority from any of its transit systems shall be fixed and from time to time revised as at all times to provide funds that, when added to all other revenues (including tax proceeds) anticipated to be received by the authority, will be at least sufficient: (1) To pay the cost of operating, maintaining, repairing, replacing, extending, and improving systems from which such services are rendered; (2) To pay the principal of and the interest on all bonds issued and obligations assumed by the authority, that are payable out of the revenues derived from operation of those systems, as the said principal and interest become due and payable; (3) To 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 authority hereunder or in any resolutions of the board...
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16-60-111.11
Section 16-60-111.11 Additional powers of board. (a) The board may exercise all of the following powers: (1) To borrow money from the United States of America or any department or agency thereof, or from any person, firm, corporation, or other lending agency for the purchase, construction, enlargement, or alteration of any buildings or other improvements, including dormitories, dining halls, classrooms, laboratories, libraries, stadiums, administration buildings, and any other buildings and appurtenances thereto suitable for use by the institution or institutions with respect to which the borrowing is made, or for the benefit of the Alabama Community College System or one or more of its programs, the acquisition of furniture and equipment for any thereof, the purchase of land, the beautification of grounds, and the construction of swimming pools, tennis courts, athletic fields, and other facilities for physical education, all for use by such institution or institutions, and for the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-60-111.11.htm - 5K - Match Info - Similar pages
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