16-13-103
Section 16-13-103 Validity of warrants. Warrants reciting that they are issued pursuant to
the terms of this article shall in any action or proceeding involving their validity be conclusively
deemed to be fully authorized thereby and to have been issued, sold, executed and delivered
in conformity therewith and with all other provisions of law applicable thereto and shall
be incontestable, anything herein or in other statutes to the contrary notwithstanding, unless
such action or proceeding is begun before or within 30 days after the day upon which the warrants
are delivered and paid for, and no irregularity in the proceedings to authorize the issue
of warrants hereunder nor the omission or neglect of any officer charged with the execution
of any duties imposed by this article shall affect the validity of any warrants issued hereunder;
provided, that the issuance of such warrants shall have been approved by the State Superintendent
of Education. (Acts 1939, No. 186, p. 334, § 14; Code...
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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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11-99A-6
Section 11-99A-6 Powers of a district. Any district shall have the following powers, in addition
to those stated elsewhere in this chapter: (1) To have perpetual existence, subject to termination
as herein provided. (2) To have and use a corporate seal, but the use of a corporate seal
on any document shall not be required for the validity of a document or the due execution
and delivery thereof. (3) To sue and to be sued and to be a party to suits, actions, and proceedings,
but subject to the limitations on liability and the immunity granted in this chapter. (4)
To enter into contracts and agreements affecting the affairs of the district, including contracts
with the United States of America and any other public person. (5) To borrow money and to
incur indebtedness and to evidence the same by bonds, all without an election. (6) To acquire
and dispose of land, real property, personal property, and interests therein of any nature.
(7) To acquire, construct, install, and operate...
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16-13-306
Section 16-13-306 Validity of warrants. Warrants reciting that they are issued pursuant to
the terms of this article shall in any action or proceeding involving their validity be conclusively
deemed to be fully authorized thereby and to have been issued, sold, executed, and delivered
in conformity therewith and with all other provisions of law applicable thereto and shall
be incontestable, anything herein or in other statutes to the contrary notwithstanding. (Act
2011-631, p. 1495, §7.)...
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11-88-98
Section 11-88-98 Bonds containing recital as to issuance under article deemed to have been
issued, sold, etc., in conformity with same; limitation period for actions or proceedings
as to issuance of bonds. Any bonds reciting that they are issued pursuant to this article
shall in any action or proceeding involving their validity be conclusively deemed to be fully
authorized by this article and to have been issued, sold, executed, and delivered in conformity
herewith and with all other provisions of statutes applicable thereto and shall be incontestable,
anything in this article or in other statutes to the contrary notwithstanding, unless such
action or proceeding is begun before or within 30 days after the day upon which the bonds
are delivered and paid for. (Acts 1973, No. 826, p. 1293, §58.)...
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22-21-111
Section 22-21-111 Issuance of securities - Incontestability. Securities reciting that they
are issued pursuant to the terms of this division shall, in any action or proceeding involving
their validity, be conclusively deemed to be fully authorized by this division and to have
been issued, sold, executed and delivered in conformity with this division and with all other
provisions of law applicable thereto and shall be incontestable, anything in this division
or in other statutes to the contrary notwithstanding, unless such action or proceeding is
begun before or within 30 days after the day upon which the securities are delivered and paid
for, and no irregularity in the proceedings to authorize the issue of securities under this
division, nor the omission or neglect of any officer charged with the execution of any duties
imposed by this division, shall affect the validity of any securities issued under this division.
(Acts 1949, No. 640, p. 981, §9.)...
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41-10-278
Section 41-10-278 Presumption of validity of bonds and publication of notice thereof; civil
action challenging validity. Any resolution authorizing any bonds hereunder shall contain
a recital that they are issued pursuant to the provisions of this article, which recital shall
be conclusive evidence that said bonds have been duly authorized pursuant to the provisions
of this article, notwithstanding the provisions of any other law now in force or hereafter
enacted or amended. Upon the passage of any resolution providing for the issuance of bonds
under the provisions of this article, the authority may, in its discretion, cause to be published
once in each of two consecutive weeks in a newspaper published and having general circulation
in the City of Montgomery a notice in substantially the following form (the blanks being first
properly filled in): Alabama Judicial Building Authority, a public corporation in the State
of Alabama, on the _____ day of _____, 20__, adopted a resolution...
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41-10-475
Section 41-10-475 Presumption of validity of bonds and publication of notice thereof. Any resolution
authorizing any bonds hereunder shall contain a recital that they are issued pursuant to the
provisions of this article, which recital shall be conclusive evidence that said bonds have
been duly authorized pursuant to the provisions of this article, notwithstanding the provisions
of any other law now in force or hereafter enacted or amended. Upon the passage of any resolution
providing for the issuance of bonds under the provisions of this article, the authority may,
in its discretion, cause to be published once in each of two consecutive weeks in a newspaper
published and having general circulation in the City of Montgomery a notice in substantially
the following form (the blanks being first properly filled in): "Alabama Building Renovation
Finance Authority, a public corporation and agency of the State of Alabama, on the _____ day
of _____, _____, adopted a resolution providing for...
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11-81-164
Section 11-81-164 Notice of adoption of authorization proceedings for issuance of bonds; limitation
period for actions to set aside authorization proceedings, restrain issuance of bonds, etc.
(a) After the adoption of authorizing proceedings providing for the issuance of bonds under
this article, the borrower shall cause to be published once a week for two successive weeks
in a newspaper either published or having general circulation within the limits of the county
or municipality, as the case may be, proposing to issue such bonds, a notice in substantially
the following form (the blanks being first properly filled in), with the printed or written
signature of the clerk or other recording officer of the borrower appended thereto: "An
ordinance (or resolution) authorizing the issuance of $_____ principal amount of revenue bonds
of (here insert name of the borrower) under the provisions of Title 11, Chapter 81, Article
5 of the Code of Alabama, as amended, was duly passed by the (here...
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16-13-303
Section 16-13-303 Notes not general obligations; source of payment. (a) Warrants issued under
this article shall not be general obligations of the board issuing such warrants but shall
be payable solely from the designated revenues or tax proceeds of the board which may be lawfully
applied to the payment of indebtedness of such board, including funds derived from any one
or more of the following sources: (1) The proceeds of any ad valorem tax or taxes levied for
the purpose of paying such warrants, or for educational or public school purposes, and paid,
apportioned, allocated, or distributed to or for the benefit of the board. (2) The proceeds
of any privilege, license, or excise tax or taxes that may be paid, apportioned, allocated,
or distributed to or for the benefit of the board. (3) Any revenues of whatsoever kind or
nature (including, without limitation, payments pursuant to agreements delivered pursuant
to this article and payments in lieu of taxes) that may be paid,...
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