11-99B-8
Section 11-99B-8 Bonds of district - Form, terms, denominations; sale; execution and
delivery; refunding; liability thereon; security for payment of principal and interest and
payment thereof generally; provisions in trust indentures executed as security for payment
of bonds generally. All bonds issued by the district shall be signed by the chairman of its
board or other chief executive officer and attested by its secretary and the seal of the district
shall be affixed thereto, and any interest coupons applicable to the bonds of the district
shall be signed by the chairman of its board or other chief executive officer. Any such bonds
may be executed and delivered by the district at any time and from time to time, shall be
in such form and denominations and of such tenor and maturities, shall contain such provisions
not inconsistent with the provisions of this chapter, and shall bear such rate or rates of
interest, or no interest, payable and evidenced in such manner, as may be provided...
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41-10-60
Section 41-10-60 Disposition of proceeds from sale of bonds and refunding bonds. (a)
The authority shall pay out of the proceeds from the sale of any of the bonds all expenses,
including fees of agents and attorneys and other charges, which said board of directors may
deem necessary or advantageous in connection with the issuance of the bonds. The proceeds
of the bonds, other than refunding bonds, remaining after paying the expenses of their issuance
shall be turned over to the State Treasurer and shall be carried by him in a special account
to the credit of the authority and shall be subject to be drawn on by the authority solely
for the purposes of acquiring real estate suitable for the purpose of the authority in Jefferson
County, Alabama, including all expenses reasonably necessary in connection with such acquisition,
and erecting, constructing and equipping on such real estate exhibition halls, buildings,
warehouses, storage facilities, parking areas and other structures and...
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22-21-141
Section 22-21-141 Bonds - Revenue. The authority is empowered, at any time and from
time to time, to sell and issue its revenue bonds for the purpose of providing funds to acquire,
construct, improve, enlarge, complete and equip one or more projects and for payment of obligations
incurred for any such purpose. The principal of, and interest on, any such bonds shall be
payable solely out of the revenues derived by the authority from any one or more of its projects,
all as shall be provided by the resolution of the board or the indenture whereunder such bonds
are authorized to be issued. Any bonds of the authority may be 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 (without regard to any usury or other laws regulating
or limiting interest rates, including without limitation, the provisions of Section
8-8-1, as amended, all of which shall be inapplicable to any bonds...
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37-5-6
Section 37-5-6 Bonds - Authorization to issue; manner of issuance; repurchase; interim
receipts, etc. Each district shall have power and is authorized from time to time to issue
its negotiable bonds in anticipation of the revenues from an enterprise. Said bonds may be
issued for any corporate purpose or purposes of such district. Said bonds shall be authorized
by resolution of the board of such district and may be issued in one or more series, may bear
such date or dates, mature at such time or times not exceeding 40 years from their respective
dates, bear interest at such rate or rates, not exceeding six percent per annum, payable semiannually,
be in such denominations, be in such form, either coupon or registered, be executed in such
manner, be payable in such medium of payment, at such place or places and be subject to such
terms of redemption, with or without premium, be declared or become due before the maturity
date thereof, as such resolution or resolutions may provide. Said...
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11-20-7
Section 11-20-7 Bonds - Disposition of proceeds from sale. The proceeds from the sale
of any bonds issued under authority of this article shall be applied only for the purpose
for which the bonds were issued; provided, however, that any accrued interest and premium
received in any such sale shall be applied to the payment of the principal of or the interest
on the bonds sold; and provided further, that if for any reason any portion of such proceeds
shall not be needed for the purpose for which the bonds were issued, then such unneeded portion
of said proceeds shall be applied to the payment of the principal of or the interest on said
bonds. The cost of acquiring any project shall be deemed to include the following: the actual
cost of the construction of any part of a project which may be constructed, including architect's
and engineer's fees; the purchase price of any part of a project that may be acquired by purchase;
all expenses in connection with the authorization, sale and...
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11-22-9
Section 11-22-9 Bond issues - Funds for payment; execution; form; redemption; sale;
refunding; negotiable instruments. (a) All bonds issued by the corporation shall be payable
solely out of the revenues and receipts derived from the operation, leasing or sale by the
corporation of its projects or of any thereof as may be designated in the proceedings of the
board of directors under which the bonds shall be authorized to be issued. (b) Such bonds
may be executed and delivered by the corporation at any time and from time to time, may be
in such form and denominations and of such tenor and maturities, may be in registered or bearer
form either as to principal or interest or both, may be payable at such time or times not
exceeding 40 years from the date thereof, may be payable at such place or places whether within
or without the State of Alabama, may bear interest at such rate or rates payable at such time
or times and at such place or places and evidenced in such manner, may be executed...
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11-54-179
Section 11-54-179 Bonds of authority generally. (a) Source of payment. All bonds issued
by an authority shall be payable solely out of the revenues and receipts derived from the
leasing or sale by the board of its projects or of any thereof as may be designated in the
proceedings of the board under which the bonds shall be authorized to be issued. (b) Pledge
of revenues, receipts and other security. The principal of and interest on any bonds issued
by an authority shall be secured by a pledge of the revenues and receipts out of which the
same may be payable and may be secured by a mortgage and deed of trust or trust indenture
conveying as security for such bonds all or any part of the property of the authority from
which the revenues or receipts so pledged may be derived. The resolution under which the bonds
are authorized to be issued and any such mortgage and deed of trust or trust indenture may
contain any agreements and provisions respecting the operation, maintenance and insurance...

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11-54-26
Section 11-54-26 Bonds - Disposition of proceeds from sale. (a) The proceeds from the
sale of any bonds issued under authority of this article shall be applied only for the purpose
for which the bonds were issued; provided, however, that any accrued interest and premium
received in any such sale shall be applied to the payment of the principal of or the interest
on the bonds sold; provided further, that if for any reason any portion of such proceeds shall
not be needed for the purpose for which the bonds were issued, then such unneeded portion
of said proceeds shall be applied to the payment of the principal of or the interest on said
bonds. (b) The cost of acquiring any project, which shall be paid from the proceeds derived
from the sale of bonds, shall be deemed to include the following: (1) The actual cost of the
construction of any part of a project which may be constructed, including architect's and
engineer's fees; (2) The purchase price of any part of a project that may be...
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11-54-89
Section 11-54-89 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; refunding of bonds. All bonds issued by the industrial development board
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board of directors under which the bonds shall be authorized to be issued. Such bonds
may be executed and delivered by the board at any time and from time to time, may be in such
form and denominations and of such tenor and maturities, may be in registered or bearer form
either as to principal or interest or both, may be payable in such installments and at such
time or times, not exceeding 40 years from the date thereof, may be payable at such place
or places whether within or without the State of Alabama, may bear interest at such rate or
rates payable at such time or times and at such place or places and evidenced in such manner,...

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11-55-5
Section 11-55-5 Bonds - Disposition of proceeds from sale. (a) The proceeds from the
sale of any bonds issued under authority of this chapter shall be applied only for the purpose
for which the bonds were issued; provided, however, that any accrued interest and premium
received in any such sale shall be applied to the payment of the principal of or the interest
on the bonds sold; provided further, that if for any reason any portion of such proceeds shall
not be needed for the purpose for which the bonds were issued, then such unneeded portion
of said proceeds shall be applied to the payment of the principal of or the interest on said
bonds. (b) The cost of acquiring any project, which shall be paid from the proceeds derived
from the sale of bonds, shall be deemed to include the following: (1) The actual cost of the
construction of any part of a project which may be constructed, including architect's and
engineer's fees; (2) The purchase price of any part of a project that may be...
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