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16-13-100
Section 16-13-100 Payment of incidental costs. The board of education issuing any warrants
hereunder may pay the cost of printing the warrants, the cost of advertising the sale, the
attorneys' fees for preparing proceedings, the attorneys' fees for furnishing an opinion as
to legality acceptable to the purchaser and other expenses incidental to the issue of the
warrants, but only the actual cost thereof shall be paid and all such payments shall be made
to those actually rendering such services and not to the purchaser of the warrants, in a lump
sum or otherwise; provided, that the board of education may employ any bank or banks and person
or persons to assist in making arrangements relating to the issue of refunding warrants hereunder
and the sale or exchange thereof and may pay them for such services subject to the approval
of the State Superintendent of Education. This section shall not authorize the payment of
a commission or other compensation for procuring a purchaser of capital...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-100.htm - 1K - Match Info - Similar pages
16-16-14
Section 16-16-14 Use of bond proceeds for loans to local boards of education. The proceeds
derived from the sale of any bonds issued pursuant to subsection (b) of Section 3 of Act 98-373
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the authority, which shall pay therefrom the expenses of issuance thereof.
The proceeds from the sale of the bonds remaining after payment of the expenses of issuance
thereof shall be retained in such fund and, until they are paid out, shall be invested by
the State Treasurer at the direction of the authority in permitted investments which mature
at such time or times as the authority shall direct. Monies in the fund (whether original
proceeds from the sale of the bonds or principal proceeds of matured permitted investments)
shall be available for loan by the authority. The authority is hereby authorized to loan,
and each local board of education is hereby authorized to borrow, such monies under...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16-14.htm - 3K - Match Info - Similar pages
16-13-304
Section 16-13-304 Terms and conditions; sale; use of proceeds. (a)(1) Warrants issued pursuant
to this article may be in the denomination or denominations; shall have a maturity or maturities
not exceeding 30 years from their date; may bear interest from their date at the rate or rates
payable in the manner and at the times; may be payable at the place or places within or without
the State of Alabama; may be sold for such price and in the manner as provided in this article;
and may contain the terms not in conflict with the provisions of this article; all as the
board may provide in the proceedings pursuant to which the warrants are authorized to be issued.
(2)(i) The board may provide that the warrants shall bear interest at a rate or rates fixed
at the time of the issuance thereof. (ii) With the prior, specific approval of the State Superintendent,
given as provided in this article, the board may provide that the warrants shall bear interest
at rates which may be changed from time to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-304.htm - 5K - Match Info - Similar pages
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, ยง 14; Code...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-103.htm - 1K - Match Info - Similar pages
16-1-41.1
Section 16-1-41.1 School board governance improvement. (a) This section shall be known and
may be cited as the School Board Governance Improvement Act of 2012. (b) The Legislature finds
and declares all of the following: (1) That the purpose of this section is to enhance the
effectiveness of public education governance in Alabama through the establishment of training
requirements, boardsmanship standards, and accountability measures that are designed to promote
informed deliberations and decisions, to revise the qualifications for serving as a member
of a local board of education, to provide for a code of conduct for each member of a local
board of education in order to better ensure that any decision or action of a local board
of education is based on the interests of students or the system, and to foster the development
and implementation of organizational practices that are designed to promote broad support
of the public schools. (2) A local board of education is the legally...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-1-41.1.htm - 11K - Match Info - Similar pages
45-17A-80.10
Section 45-17A-80.10 Approval of application; rejection. (a) The commission shall approve an
application and issue a certificate of appropriateness if it finds that the proposed change,
erection, or demolition conforms to the general design standards established by the commission,
is compatible with the character of the historic property or historic district, and does not
detract from the value of the historic property or historic district. In making this determination,
the commission shall consider, in addition to any other pertinent factors, the historic and
architectural features involved and the proposed change thereto, and the relationship thereof,
to the exterior architectural style and pertinent features of other structures in the immediate
neighborhood. (b) In its review of applications for certificate of appropriateness, the commission
shall not consider interior changes or use having no effect on the exterior of a building
or structure. (c) In the event the commission rejects...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-17A-80.10.htm - 2K - Match Info - Similar pages
45-26A-70.10
Section 45-26A-70.10 Approval of application; rejection. (a) The commission shall approve an
application and issue a certificate of appropriateness if it finds that the proposed change,
erection, or demolition conforms to the general design standards established by the commission,
is compatible with the character of the historic property or historic district, and does not
detract from the value of the historic property or historic district. In making this determination,
the commission shall consider, in addition to any other pertinent factors, the historic and
architectural features involved and the proposed change thereto, and the relationship thereof,
to the exterior architectural style, and pertinent features of other structures in the immediate
neighborhood. (b) In its review of applications for a certificate of appropriateness, the
commission shall not consider interior changes or use having no effect on the exterior of
a building or structure. (c) In the event the commission...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-26A-70.10.htm - 2K - Match Info - Similar pages
5-7A-62
Section 5-7A-62 Application to convert charter; written plan of conversion; authorizing resolution;
submission to superintendent; fee; tentative approval; vote of stockholders or members; directors;
articles of incorporation and bylaws; statement of superintendent's objections; amendment;
appeal of disapproval; application to FDIC; final approval and permit. Any savings institution
may apply to the superintendent for permission to convert its charter in order to do business
as a state chartered bank in accordance with the following procedures: (1) The board of directors
shall approve a written plan of conversion, the application for conversion and shall adopt
an authorizing resolution, all by a vote of a majority of all the directors. The plan of conversion
shall include a statement of: a. The proposed organization and management structure of the
resulting bank if the application were approved, and the proposed name under which it would
do business as a bank; b. The method and time...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-7A-62.htm - 7K - Match Info - Similar pages
27-28-2
Section 27-28-2 Plan for exchange of stock, etc., between domestic stock insurer and holding
company - Procedure for exchange. A plan of exchange shall be adopted and become effective
in the following manner: (1) APPROVAL OF THE BOARDS OF DIRECTORS. - The boards of directors
of each corporate party to the plan of exchange by resolution shall adopt the plan of exchange
which shall set forth the terms and conditions of the exchange and the mode of carrying the
same into effect and such other provisions with respect to the exchange as may be deemed necessary
or desirable. (2) APPROVAL OF COMMISSIONER. - Every plan of exchange, before being submitted
to vote of the stockholders pursuant to subdivision (3) of this section, shall be submitted
for approval to the commissioner in accordance with the following procedure: a. After the
approval required by subdivision (1) of this section is obtained, the domestic company shall
submit to the commissioner three copies of the plan of exchange and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-28-2.htm - 13K - Match Info - Similar pages
16-16-10
Section 16-16-10 Disposition of proceeds of bonds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the authority remaining after paying expenses of their issuance
shall be deposited in the State Treasury and shall be carried in the State Treasury in a special
or separate account. Said expenses shall be deducted from that portion of the said proceeds
allocated in subsection (o) of this section. Such remaining funds shall be subject to be drawn
upon by the authority with the approval of the secretary of the authority and the Governor,
but any funds so withdrawn shall be used solely for the purpose of financing the construction,
reconstruction, alteration, improvement and equipment of buildings and other facilities for
public educational purposes, including the cost of architectural services therefor and services
rendered by building inspectors for periodic and final inspections thereof, and for acquiring
sites therefor, in accordance with the provisions of this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16-10.htm - 9K - Match Info - Similar pages
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