41-10-28
Section 41-10-28 Execution of bonds and interest coupons; form, terms, denominations, etc.,
of bonds; sale; refunding bonds; liability upon bonds; pledges of certain funds as security
for payment of principal and interest on bonds generally; bonds to be deemed negotiable instruments;
bonds and income therefrom exempt from taxation; use of bonds as security for deposits of
funds of state, etc.; investment of certain state funds and private trust funds in bonds;
public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of
bonds. The bonds of the authority shall be signed by its president and attested by its secretary,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to such bonds shall be signed by the president; provided, that a facsimile of the signature
of one, but not both, of said officers may be printed or otherwise reproduced on any such
bonds in lieu of being manually subscribed thereon, a facsimile of the...
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41-9-962
Section 41-9-962 Authority to issue revenue bonds; purposes; redemption; maturity date limitation;
public or private sale; obligations of project not state; security. (a) The commission shall
have the power and authority to issue and sell at any time its revenue bonds for the purpose
of providing funds to acquire, transport, outfit, renovate, maintain, improve, and berth the
items relevant to the Tuskegee Airmen and other related historic artifacts and to construct,
improve, enlarge, complete, maintain, operate, and equip the museum established in this article
and for the payment of obligations incurred. (b) The principal of and interest on any bonds
shall be payable solely out of the revenues derived from the project. All bond service payments
shall be subordinate to the acquisition, establishment, and maintenance of a reasonable maintenance
and operating fund. (c) Any bonds of the commission may be delivered by the commission at
any time and shall be in such form and denominations...
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11-50-351
Section 11-50-351 Establishment, collection, etc., of rates, fees, and charges for services
furnished. (a) The board is hereby authorized to fix and revise from time to time rates, fees,
and other charges for the use of and for the services furnished or to be furnished by any
water system, sewer system, or sewage disposal system or parts thereof owned, operated, or
maintained by the board. Such rates, fees and charges shall be so fixed and revised as to
provide funds sufficient at all times: (1) To pay the cost of maintaining, repairing, and
operating such system or systems or parts thereof; (2) To pay the principal of and the interest
on all bonds and obligations assumed by the board, including any bonds issued to refund the
same, as the same shall become due and payable; (3) To pay the principal of and the interest
on all revenue bonds issued by the board under the provisions of this article as the same
shall become due and payable; (4) To create and maintain such reserves for the...
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16-16B-4
Section 16-16B-4 (Implementation Conditioned on Separate Legislative Enactment.) Execution
and other details of the bonds. The Bonds shall be signed by the president or vice-president
of the Authority, and the seal of the Authority affixed thereto (or a facsimile thereof imprinted
thereon) and attested by its secretary. All signatures of the president, vice-president, and
secretary may be facsimile signatures if the Authority, in its proceedings with respect to
issuance, provides for manual authentication (which may be in the form of a certificate as
to registration) of the Bonds by a trustee, registrar or paying agent or by named individuals
who are employees of the State and who are assigned to the Finance Department or State Treasurer's
Office of the State. All Bonds bearing signatures or facsimiles of the signatures of officers
of the Authority in office on the date of signing thereof shall be valid and binding notwithstanding
that before the delivery thereof and payment therefor,...
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16-17-11
Section 16-17-11 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 and other funds, for the continued operation, maintenance and disposition (including
lease) of any ancillary improvements or part thereof owned by it, for the imposition and collection
of reasonable rentals from such ancillary improvements, 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 ancillary improvements will be
sufficient to operate such ancillary improvements, maintain the same in good repair and in
good operating condition, pay the principal of and interest...
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16-18-12
Section 16-18-12 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 and other funds, for the continued operation, maintenance and disposition (including
lease) of any ancillary improvements or part thereof owned by it, for the imposition and collection
of reasonable rentals from such ancillary improvements, 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 ancillary improvements will be
sufficient to operate such ancillary improvements, maintain the same in good repair and in
good operating condition, pay the principal of and interest...
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16-18-7
Section 16-18-7 Powers of authority. The authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To have succession by its corporate name for the duration of time, which may be in perpetuity,
subject to the provisions of Section 16-18-21 specified in its certificate of incorporation;
(2) To sue and be sued in its own name in civil actions and to defend actions against it;
(3) To adopt and make use of a corporate seal and to alter the same at pleasure; (4) To adopt
and alter bylaws for the regulation and conduct of its affairs and business; (5) To acquire,
receive and take by purchase, gift, lease, devise or otherwise, and to hold property of every
description, real, personal or mixed, wherever the same might be located; (6) To make, enter
into and execute such contracts, agreements, leases and other instruments and to take such
other actions as may be necessary or convenient to accomplish any...
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40-29-91
Section 40-29-91 Jeopardy assessment - Other taxes. (a) If the commissioner or his delegate
finds that a taxpayer designs quickly to depart from the State of Alabama or to remove his
property therein, or to do any other act tending to prejudice or to render wholly or partly
ineffectual proceedings to collect any tax imposed by this title other than income tax, the
commissioner or his delegate may issue notice of such finding to the taxpayer by personal
service or mailing to his/her last known address, together with a demand for immediate payment
of the tax declared to be in jeopardy, including penalties and additions thereto and such
tax, penalty, interest, and additions thereto shall be immediately due and payable. A final
assessment of such tax may be entered immediately and if the assessment is not paid upon such
demand of the commissioner or his delegate, the commissioner or his delegate may forthwith
issue a warrant for levy and distraint of any personal property of the taxpayer...
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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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41-10-45.2
Section 41-10-45.2 Fund created; project obligations. (a) There is created the Accelerate Alabama
Fund, which may consist of monies appropriated or otherwise made available by the Legislature
in any manner, proceeds of project obligations issued by the authority, and monies from any
other source designated for deposit into such fund, but not including monies subject to a
constitutional designation for some other purpose. Unexpended amounts remaining in the fund
at the end of each fiscal year of the state shall not lapse into the State General Fund. Any
investment earnings or interest earned on amounts in the fund and all loan payments of principal
and/or interest shall be deposited to the credit of the fund. (b) In addition to the purposes
for which the authority may issue project obligations, the authority is hereby authorized
to issue project obligations to provide money for the fund. Project obligations shall be issued
as provided in Section 41-10-44.6, subject, however, to the...
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