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45-46-90.11
Section 45-46-90.11 Proceeds from the sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized and any costs and expenses incidental thereto; provided, however, site
preparation grants for industrial development shall not be included as a part of such costs
and expenses. Such costs and expenses may include, but shall not be limited to, all of the
following: (1) The fiscal, engineering, legal, and other expenses incurred in connection with
the issuance of the bonds. (2) In the case of bonds issued to pay costs of acquiring or constructing
all or any part of any facility, interest on such bonds (or if a part only of any series of
bonds is issued for acquisition or construction purposes, interest on that portion of the
bonds of the series that is issued to pay such acquisition or construction costs) prior to
and during such acquisition or construction and for not exceeding one...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46-90.11.htm - 1K - Match Info - Similar pages
45-49A-64.09
Section 45-49A-64.09 Bonds of authority. (a) All bonds issued by the authority shall be signed
by the chair 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 chair of its board or other chief executive
officer; provided, that a facsimile of the signature of one, but not both, of the officers
may be printed or otherwise reproduced on any such bonds in lieu of his or her 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 facsimile of the signature
of the chair of its board or other chief executive officer may be printed or otherwise reproduced
on any such interest coupons in lieu of his or her manually signing the same. Any such bonds
may be executed and delivered by the authority at any time and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-64.09.htm - 5K - Match Info - Similar pages
45-49A-64.12
Section 45-49A-64.12 Proceeds from sale of bonds. All moneys derived from the sale of any bonds
issued by the authority shall be used solely for the purpose or purposes for which the same
are authorized and any costs and expenses incidental thereto. Such costs and expenses may
include, but shall not be limited to, all of the following: (1) The fiscal, engineering, legal,
and other expenses incurred in connection with the issuance of the bonds. (2) In the case
of bonds issued to pay costs of acquiring or constructing all or any part of a transit system
interest on such bonds (or, if a part only of any series of bonds is issued for acquisition
or construction purposes, interest on that portion of the bonds of that series that is issued
to pay such acquisition or construction costs) prior to and during such acquisition or construction
and for not exceeding one year after completion of such acquisition or construction. (3) In
the case of bonds issued for the purpose of refunding principal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-64.12.htm - 1K - Match Info - Similar pages
11-81-15
Section 11-81-15 Levy, collection and disposition of special tax for payment of principal and
interest on bonds and sinking fund payments. In every county and municipality the officers
charged by law with the duty of levying taxes shall annually, without further authority, levy
a tax, insofar as such a tax is or may be permitted by the present or any future provisions
of the Constitution, sufficient to pay: (1) Bond interest falling due in that year of all
bonds issued after March 15, 1933; (2) The principal of all serial bonds issued after March
15, 1933 falling due during the current fiscal year; (3) The sinking fund appropriation for
the current fiscal year, if any, required by any agreement heretofore made or by any proceedings
heretofore taken to establish a sinking fund for the payment of bonds now outstanding, or
required by any agreement which may be made or proceedings taken after February 15, 1933,
to establish a sinking fund for the payment of funding or refunding bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-15.htm - 2K - Match Info - Similar pages
11-97-9
Section 11-97-9 Bonds of corporation generally. (a) Any corporation shall have the power to
issue, sell and deliver at any time and from time to time its bonds in such principal amount
or amounts as its board shall determine to be necessary to provide sufficient funds for achieving
any of its corporate purposes, including the payment of interest on any of its bonds, the
establishment of reserves to secure any such bonds and all other expenditures of such corporation
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
corporation shall also have the power to issue from time to time bonds to renew bonds and
bonds to pay bonds, including interest thereon and, whenever it deems refunding expedient,
to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or
have not matured, and to issue bonds partly to refund bonds then outstanding and partly for
any other of its corporate purposes. (b) The bonds issued by any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-9.htm - 4K - Match Info - Similar pages
23-1-307
Section 23-1-307 Bonds and notes - Authorization for issuance. The authority shall have the
power and is hereby authorized and empowered to sell and issue its bonds in order to provide
as soon as practicable the federal share of the cost of constructing federal aid projects
in anticipation of the receipt by the state of such federal portions as they become available
either during, upon or after completion of such construction. The authority shall have the
power, in addition to any other powers granted in this article, to borrow money for temporary
use for any of the purposes for which it is authorized by this article to issue bonds and,
in evidence of such borrowing, to issue from time to time temporary bonds or notes. Any such
temporary borrowing may be made in anticipation of the sale and issuance of bonds and in such
event the principal proceeds from the sale of such bonds shall, to the extent necessary, be
used for payment of the principal of and interest on the temporary bonds or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-307.htm - 1K - Match Info - Similar pages
41-10-462
Section 41-10-462 Bonds of authority. Any bonds of the authority may be executed and delivered
by it at any time and from time to time, shall be in such form and denominations and of such
tenor and maturities, shall bear such rate or rates of interest, payable and evidenced in
such manner, may contain provisions for redemption prior to maturity, and may contain other
provisions not inconsistent herewith, all as may be provided by the resolution of the board
of directors whereunder such bonds are authorized to be issued; provided, that no bond of
the authority shall have a specified maturity date later than 30 years after its date. Each
bond of the authority having a specified maturity date more than 10 years after its date shall
be made subject to redemption at the option of the authority at the end of the 10th year after
its date, and on any interest payment date thereafter, under such terms and conditions and
at such premiums, if any, as may be provided in the resolution under which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-462.htm - 2K - Match Info - Similar pages
11-88-11
Section 11-88-11 Bonds of authority - Disposition of proceeds from sale of bonds. All moneys
derived from the sale of any bonds issued by the authority shall be used solely for the purpose
or purposes for which the same are authorized, including the funding of all or part of any
reserve funds which may be required for debt service, replacement and extension or capital
improvements, and any costs and expenses incidental thereto. Such costs and expenses may include
but shall not be limited to: (1) The fiscal, engineering, legal and other expenses incurred
in connection with the issuance of and security for the bonds, including, without limitation,
the charges, premiums or fees in connection with any debt service insurance or letter of credit
or other additional security given with respect to its bonds, whether such amounts are to
be paid in a lump sum or over a period of time; (2) Interest on bonds in the case of bonds
issued to pay costs of construction or, if a part only of any series...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-11.htm - 1K - Match Info - Similar pages
11-88-50
Section 11-88-50 Payment of cost of improvement by board; specification of cost of improvement.
(a) The board may pay out of the general funds of the authority or any special fund that may
be provided for the purpose such portion of the cost of the proposed improvement as it may
deem proper. (b) The cost of any improvement shall include the expense of the preliminary
and other surveys, the inspection and superintendence of the work, the preparation, publication
and mailing of the notices and resolutions required by this article, the cost of construction,
the printing of bonds, the interest on money borrowed during construction or on bonds when
bonds have been issued in anticipation of the collection of assessments, the preparation of
proceedings authorizing the issuance of bonds under the provisions of this article and the
rendition of the approving opinions with respect thereto and any other expenses necessary
for the completion of such improvement. (Acts 1973, No. 826, p. 1293, ยง8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-50.htm - 1K - Match Info - Similar pages
41-10-552
Section 41-10-552 Publication of notice; time limitation on actions contesting proceedings,
validity of obligations, etc. Upon the adoption by the directors of any resolution providing
for the issuance of authority obligations, the authority may, in its discretion, cause to
be published once a week for two consecutive weeks, in newspapers published or having a general
circulation in the Cities of Birmingham, Montgomery, Huntsville, and Mobile, a notice in substantially
the following form (the blanks being properly filled in) at the end of which shall be printed
the name and title of either the president or the secretary of the authority: "Alabama
Incentives Financing Authority, a public corporation under the laws of the State of Alabama,
on the ___ day of _____, authorized the issuance of $ ______ principal amount of bonds (a
guaranty agreement securing $ _____ principal amount of bonds of ___) for purposes authorized
in Title 41, Chapter 10, Article 16, Division 1 of the Code...
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