40-5-3
Section 40-5-3 Bonds. Before assuming office the tax collector must execute a bond in duplicate with a surety company authorized to do business in Alabama, payable to the State of Alabama, in an amount to be determined for every county by the Comptroller. The amount of the bond for each tax collector will be set at the beginning of his elected or appointed term for the duration of such term. A new bond for an additional amount may be required whenever, in the judgment of the Comptroller, the public welfare demands such action. The amount of the bond will be determined by the use of the following table based on a percentage of the total annual taxes collected as recorded in the latest audit report for each office published at least four months prior to the date the bond is required to be filed: TABLE FOR COMPUTING AMOUNT OF TAX COLLECTOR'S BOND. Over But Not Over Amount of Bond Of Excess Over Zero $ 250,000 $25,000 _____ $ 250,000 $1,000,000 $25,000 + 5% $ 250,000 $1,000,000 _____...
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45-45-81.31
Section 45-45-81.31 Bail bonds. Every person engaged in the business of making bail bonds in Madison County, Alabama, in addition to the twenty-five thousand dollar ($25,000) surety requirement of Section 15-13-22, shall be required to furnish a bond with corporate surety in an amount to be set by the Clerk of the Circuit Court of Madison County. The circuit clerk shall use the following criteria in determining the amount of bond required: (1) The monetary total of all bonds issued by the bondsman which are outstanding as of July 1 of each year. (2) The monetary total of all unpaid final judgments rendered against the bondsman during that year. (3) The general cooperation exhibited by the bondsman in his or her relations with judges, the district attorney, the circuit clerk, and other court-related officers and employers. (Act 82-355, p. 510, § 1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-45-81.31.htm - 1K - Match Info - Similar pages
11-50A-20
Section 11-50A-20 Trust agreement. In the discretion of the authority, any issue of bonds may be secured by a trust agreement or indenture made by the authority with a corporate trustee, which may be any trust company or bank within or without the state having the powers of a trust company. The trust agreement or indenture may pledge or assign any revenues to be received by the authority and any proceeds which may be derived from the disposition of any real or personal property of the authority or proceeds of insurance carried thereon. The resolution providing for the issuance of bonds and the trust agreement or indenture may contain any provisions the authority deems necessary or appropriate for protecting and enforcing the rights and remedies of the bondholders, including the right of appointment of a receiver upon default in the payment of any principal or interest obligation and the right of any receiver or trustee to enforce collection of any rates, fees, tolls, charges, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-20.htm - 3K - Match Info - Similar pages
45-45-201.03
Section 45-45-201.03 Director - Oath; bond. Before entering upon the duties of his or her office, the director of the department shall take the oath of office prescribed by the constitution, and shall enter into bond conditioned as other official bonds are conditioned. The bond shall be in a sum as may be prescribed by the governing body of the county. The bonds shall be approved by the county governing body and filed with and recorded by the judge of probate of the county and may be made by a surety company or surety companies authorized by their charters to execute official bonds, provided they are qualified to do business in this state, or the bond may be made with individual sureties or banks or other corporations qualified to do business in this state and authorized under their charters to make bonds. All premiums on the bonds shall be paid out of the general fund of the county. (Acts 1971, No. 1862, p. 3024, § 5.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-45-201.03.htm - 1K - Match Info - Similar pages
45-7-83.02
Section 45-7-83.02 Bond. Before entering upon the additional duties imposed by this part, the judge of probate shall execute an additional bond in a sum prescribed by a written recommendation to the judge of probate from the Examiners of Public Accounts, giving as surety a bonding company authorized to do business in this state. The bond shall be conditioned as other official bonds and shall be filed and recorded in the Office of the Clerk of the Circuit Court in Butler County. A certified copy of the bond shall be furnished by the judge of probate to the State Comptroller. Premiums on the bond of the judge of probate shall be paid from the general fund of the county. (Act 2003-197, p. 516, §2.)...
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9-10-38
Section 9-10-38 Security for bonds. (a) At the discretion of the corporation, any bonds issued under the provisions of this article may be secured by a trust agreement by and between the corporation and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the state. The trust agreement or the resolution providing for the issuance of such bonds, subject to the provisions of Section 9-10-35, may pledge or assign tolls, rentals, sales receipts or other revenues to which the corporation's right then exists or which may thereafter come into existence and the moneys derived therefrom and the proceeds of such bonds; provided, however, that the trust agreement or resolution shall not convey or mortgage any project or any part thereof. (b) Such trust agreement or resolution providing for the issuance of bonds may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-10-38.htm - 4K - Match Info - Similar pages
15-13-141
Section 15-13-141 Revocation of authority to execute bail by clerk. In all cases where a conditional forfeiture has been made final by any court of the state or any of its subdivisions and there has been no further action or request filed with the court, appeal taken, application to the State Pardons and Paroles Board, or any other litigation of which the court has knowledge has been filed by the surety with the court within 30 days of the entry or order of the final judgment and the same has not been paid to the clerk of the court, then the clerk shall refuse to accept and approve any bonds from the surety as being insufficient. The clerk shall notify all persons authorized to accept and approve bonds returnable to the court of the action and they shall no longer accept or approve surety on bonds until notified otherwise by the clerk. The clerk shall also notify the circuit clerk of the county who shall notify all other clerks of any courts in the county in writing and the clerks...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/15-13-141.htm - 1K - Match Info - Similar pages
2-15-63
Section 2-15-63 Bonds of livestock market operators. Any person operating a livestock market in this state shall make and execute a bond in favor of the State of Alabama, which bond shall be made by a surety company qualified to do business in the State of Alabama and such bond shall be filed in the office of the commissioner. The minimum amount of such bond shall be $5,000.00 or such greater sum not to exceed $50,000.00. The exact amount of said bond shall be determined by dividing the gross amount of business done by such livestock market during the preceding 12 months or such part thereof as the livestock market was engaged in business by the number of days on which sales were made, and such bond shall be not less than the nearest multiple of $1,000.00. Any bond accepted under the provisions of this section shall be not less than $5,000.00 nor more than $50,000.00. In the event the livestock market has not engaged in business during the year preceding the date of its application for...
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23-2-149
Section 23-2-149 Trust agreements securing bond issues; authorized provisions protecting holders; pledge of revenues. In the discretion of the authority, any bonds issued under the provisions of this article may be secured by a trust agreement by and between the authority and a corporate trustee, which may be any trust company, or bank having the powers of a trust company, within or without the state. The trust agreement or the resolution providing for the issuance of such bonds subject to the provisions of Section 23-2-147, may pledge or assign tolls or other revenues to which the authority's right then exists or which may thereafter come into existence, and the moneys derived therefrom, and the proceeds of such bonds; provided, however, that the trust agreement or resolution shall not convey or mortgage any toll road, bridge or tunnel project or any part thereof. Such trust agreement or resolution providing for the issuance of bonds may contain such provisions for protecting and...
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45-16-84.21
Section 45-16-84.21 Bond of judge of probate. Before entering upon the additional duties imposed by this subpart, the judge of probate shall execute an additional bond in such penal sum as may be prescribed by the governing body of the county, giving as surety thereon a bonding company authorized to do business in this state. The bond shall be conditioned as other official bonds, shall be approved by the governing body of the county, and shall be filed and recorded in the office of the clerk of the circuit court of the county. A certified copy of such bond shall be furnished by the judge of probate to the state Comptroller. Premiums on such bond of the judge of probate shall be paid from the general fund of the county. (Act 89-513, p. 1057, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-16-84.21.htm - 1K - Match Info - Similar pages
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