45-25-250.06
Section 45-25-250.06 Contracts of the authority. As security for payment of the principal of
and interest on bonds or obligations assumed by it, the authority may enter into a contract
or contracts binding itself for the proper application of the proceeds of bonds and other
funds, for the continued operation and maintenance of any water, sewer, or garbage system
owned by it or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from any such system or facility, for the disposition and application of its gross revenues
or any part thereof and for any other act or series of acts not inconsistent with this article
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system or facility will be sufficient to operate such system or facility,
maintain the same in good repair and in good operating condition, pay the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-25-250.06.htm - 1K - Match Info - Similar pages

45-29-90.14
Section 45-29-90.14 Contracts to secure bonds and assumed obligations. As security for payment
of the principal of and interest on bonds issued or obligations assumed by it, the authority
may enter into a contract or contracts binding itself for the proper application of the proceeds
of bonds or other funds, for the continued operation and maintenance of any facilities owned
by it, or any part or parts thereof, for the imposition and collection of reasonable rates
for and the promulgation of reasonable regulations respecting any service furnished from such
facilities, for the disposition and application of its gross revenues or any part thereof,
and for any other act or series of acts not inconsistent with this article for the protection
of the bonds and other obligations being secured and the assurance that the revenues from
such facilities will be sufficient to operate such facilities, maintain the same in good repair
and in good operating condition, pay the principal of and interest...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-90.14.htm - 1K - Match Info - Similar pages

45-47-250.07
Section 45-47-250.07 Contracts of the authority. (a) As security for payment of the principal
of and interest on bonds or obligations assumed by it, the authority may enter into a contract
or contracts binding itself for the proper application of the proceeds of bonds and other
funds, for the continued operation and maintenance of any water system and fire protection
facilities owned by it or any part or parts thereof, for the imposition and collection of
reasonable rates for and the promulgation of reasonable regulations respecting any service
furnished from any such system or facility, for the disposition and application of its gross
revenues or any part thereof, and for any other act or series of acts not inconsistent with
this article for the protection of the bonds and other obligations being secured and the assurance
that the revenues from such system or facility will be sufficient to operate such system or
facility, maintain the same in good repair and in good operating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-47-250.07.htm - 1K - Match Info - Similar pages

11-88-9
Section 11-88-9 Bonds of authority - Contracts to secure payment of principal and interest.
As security for payment of the principal of and interest on bonds issued or obligations assumed
by it, the authority may enter into a contract or contracts binding itself for the proper
application of the proceeds of bonds and other funds, for the continued operation and maintenance
of any water system, sewer system or fire protection facility owned by it or any part or parts
thereof, for the imposition and collection of reasonable rates for and the promulgation of
reasonable regulations respecting any service furnished from such system or facility, for
the disposition and application of its gross revenues or any part thereof and for any other
act or series of acts not inconsistent with the provisions of this article for the protection
of the bonds and other obligations being secured and the assurance that the revenues from
such system or facility will be sufficient to operate such system or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-9.htm - 2K - Match Info - Similar pages

11-89-9
Section 11-89-9 Bonds of district - Contracts to secure payment of principal and interest.
As security for payment of the principal of and the interest on bonds issued or obligations
assumed by it, the district may enter into a contract or contracts binding itself for the
proper application of the proceeds of bonds and other funds, for the continued operation and
maintenance of any water system, sewer system, or fire protection facility owned by it or
any part or parts thereof, for the imposition and collection of reasonable rates for and the
promulgation of reasonable regulations respecting any service furnished from such system or
facility, for the disposition and application of its gross revenues or any part thereof and
for any other act or series of acts not inconsistent with the provisions of this chapter for
the protection of the bonds and other obligations being secured and the assurance that the
revenues from such system or facility will be sufficient to operate such system or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-9.htm - 1K - Match Info - Similar pages

11-89B-3
Section 11-89B-3 Contracts as security for payment of principal and interest on bonds. As security
for payment of the principal of and interest on bonds issued or obligations assumed by it,
such public corporation may enter into a contract or contracts binding itself for the proper
application of the proceeds of bonds and other funds, for the continued operation and maintenance
of any water, sewer or garbage system or other revenue-producing facility owned by it or any
part or parts thereof, for the imposition and collection of reasonable rates for and the promulgation
of reasonable regulations respecting any service furnished from any such system or facility,
for the disposition and application of its gross revenues or any part thereof and for any
other act or series of acts not inconsistent with the provisions of this chapter for the protection
of the bonds and other obligations being secured and the assurance that the revenues from
such system or facility will be sufficient to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89B-3.htm - 2K - Match Info - Similar pages

45-30-250.07
Section 45-30-250.07 Contracts of the authority. (a) As security for payment of the principal
of and interest on bonds or obligations assumed by it, the authority may enter into any contract
binding itself for the proper application of the proceeds of bonds and other funds, for any
of the following purposes: (1) The continued operation and maintenance of any water system
owned by it, or any part or parts thereof. (2) The imposition and collection of reasonable
rates for, and the promulgation of reasonable regulations respecting any service furnished
from any system or facility. (3) The disposition and application of its gross revenues or
any part thereof. (4) Any other act or series of acts necessary for the protection of the
bonds and other obligations being secured and the assurance that the revenues from the system
or facility shall be sufficient to operate and maintain the system or facility, pay the principal
of and interest on any bonds payable from the revenues, and maintain...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-30-250.07.htm - 1K - Match Info - Similar pages

41-10-102
Section 41-10-102 Remedies upon default on bonds, etc. (a) Remedies upon default on bonds or
indenture. If there shall be any default in the payment of the principal of or interest on
any of the bonds issued under this article, or in the performance of any provisions of the
indenture or proceedings authorizing the issuance of such bonds, then the holder of any of
the bonds and the interest coupons applicable thereto and the trustee under such indenture
or any one or more of them shall have and may exercise any one or more of the following remedies:
(1) They may by civil action, mandamus, injunction or other proceeding compel the performance
of all duties of the officers and directors of the corporation with respect to the use of
funds for the payment of the bonds and for the performance of the bonds and the agreements
of the corporation contained in the bonds, the indenture or in the proceedings under which
they were issued; (2) They may institute a civil action and shall be entitled...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-102.htm - 4K - Match Info - Similar pages

41-10-44.6
Section 41-10-44.6 Project obligations generally. (a) Issuance of project obligations. The
authority is authorized and empowered to issue its project obligations from time to time for
the purpose of financing one or more projects in such aggregate principal amount as the board
of directors shall determine to be necessary to provide for all or a portion of the project
costs of the project or projects being financed and to pay the expenses of issuing the project
obligations. (b) Source of payment. All project obligations issued by the authority shall
be limited obligations of the authority payable solely from any combination of the following:
(1) The revenues and receipts of the authority derived from the financing agreement or agreements
entered into by the authority with respect to the project or projects financed by such project
obligations; (2) the income or proceeds realized by the authority under any mortgage or other
security granted to the authority; (3) amounts derived from any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.6.htm - 7K - Match Info - Similar pages

11-50A-14
Section 11-50A-14 Right to receivership upon default. (a) In the event that the authority shall
default in the payment of the principal of or interest on any of its bonds, bond anticipation
notes or notes after they shall become due, whether at maturity or upon call for redemption,
and such default shall continue for a period of 30 days, or if the authority shall default
in any material respect in any agreement made with the holders of the bonds, bond anticipation
notes or notes, any holder of bonds, bond anticipation notes or notes, or trustee therefor,
shall have the right to apply in an appropriate judicial proceeding to the Montgomery County
circuit court for the appointment of a receiver for the project, the revenues of which were
pledged for payment of the principal of and interest due on the bonds, bond anticipation notes
or notes, whether or not all bonds, bond anticipation notes or notes have been declared due
and payable and whether or not the holder, or trustee therefor, is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-14.htm - 4K - Match Info - Similar pages