11-58-7
Section 11-58-7 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, etc.;
dissolution of corporation. (a) All bonds issued by a corporation organized under authority
of this chapter shall be solely and exclusively obligations of the corporation and shall not
create an obligation or debt of any municipality or county. No county or municipality shall
pledge its faith or credit for the payment of any debt incurred or bonds issued by the corporation.
(b) Bonds may be executed and delivered at any time and from time to time, may be in the form
and denominations, may be of the tenor, may be in registered or bearer form, either as to
principal or interest or both, may be payable in installments and at a time or times, not
exceeding 40 years from their issuance date, may be payable at a place or places, may bear
interest at a rate or rates payable at a place or places and evidenced in a manner, and may
contain provisions not inconsistent with this chapter as may be provided by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-58-7.htm - 3K - Match Info - Similar pages

33-15-8
Section 33-15-8 Bonds and other obligations - Generally. All bonds issued by the authority
shall be signed by the chairman of its board of directors and attested by its secretary-treasurer,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to the bonds of the authority shall be signed by the said chairman; 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 his manually signing the same, a facsimile of the seal of the
authority may be printed or otherwise reproduced on any such bonds in lieu of being manually
affixed thereto and a facsimile of the signature of the chairman of its board of directors
may be printed or otherwise reproduced on any such interest coupons in lieu of his manually
signing the same. Any such bonds may be executed and delivered by the authority at any time
and from time to time, shall be in such form and denominations and of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-15-8.htm - 4K - Match Info - Similar pages

41-10-503
Section 41-10-503 Sale of bonds. Bonds of the authority may be sold at such price or prices
and at such time or times as the board of directors of the authority may consider advantageous,
at public or private sale. If bonds are to be sold by competitive bid on sealed bids or at
public auction, the bonds may be sold only to the bidder whose bid reflects the lowest effective
borrowing cost to the authority for the bonds being sold; provided, that if no bid acceptable
to the authority is received, it may reject all bids. Notice of each such sale by competitive
bids shall be given by publication in either a financial journal or a financial newspaper
published in the City of New York, New York, and also by publication in a newspaper published
in the State of Alabama, each of which notices must be published at least one time not less
than 10 days before the date fixed for such sale. The board of directors may fix the terms
and conditions under which such sale by competitive bids may be held;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-503.htm - 1K - Match Info - Similar pages

45-29-90.13
Section 45-29-90.13 Execution of bonds; pledge of revenues, receipts, and other security. All
bonds issued by the authority shall be signed by the chair of its board of directors and attested
by its secretary-treasurer, and the seal of the authority shall be affixed thereto, and any
interest coupons applicable to the bonds of the authority shall be signed by the chair; provided,
that a facsimile of the signature of one, but not both, of the officers may be printed or
otherwise reproduced on any such bonds in lieu of his or her manually signing the same, a
facsimile of the seal of the authority may be printed or otherwise reproduced on any such
bonds in lieu of being manually affixed thereto, and a facsimile of the signature of the chair
of its board of directors may be printed or otherwise reproduced on any such interest coupons
in lieu of his or her manually signing the same. Any such bonds may be executed and delivered
by the authority at any time, and from time to time, shall be in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-90.13.htm - 4K - Match Info - Similar pages

45-49A-64.09
Section 45-49A-64.09 Bonds of authority. (a) All bonds issued by the authority shall be signed
by the chair of its board or other chief executive officer and attested by its secretary,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to the bonds of the authority shall be signed by the chair of its board or other chief executive
officer; provided, that a facsimile of the signature of one, but not both, of the officers
may be printed or otherwise reproduced on any such bonds in lieu of his or her manually signing
the same. A facsimile of the seal of the authority may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto, and a facsimile of the signature
of the chair of its board or other chief executive officer may be printed or otherwise reproduced
on any such interest coupons in lieu of his or her manually signing the same. Any such bonds
may be executed and delivered by the authority at any time and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-64.09.htm - 5K - Match Info - Similar pages

6-6-752
Section 6-6-752 Contents of petition; order to show cause; service of petition and order on
district attorney; publication of public notice. (a) The authority for issuing such obligations,
the fact that an election has been held and that such election was in favor of the issuance
of such obligations, if an election was required, the ordinances or resolutions authorizing
their issuance and the fact of their adoption, and all essential proceedings had or taken
in connection therewith, the amount of the obligations to be issued, the maximum rate of interest
they are to bear, when principal and interest are to be paid and the place of payment (unless
the successful bidder at public sale will have the right to name, designate, request, or suggest
the place of payment, which shall be stated if this is the case), the tax or other means provided
for their payment, the assessed value of the property in the unit, the amount of outstanding
indebtedness incurred and the date or dates when so...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-6-752.htm - 4K - Match Info - Similar pages

11-81-222
Section 11-81-222 Contents of complaint; order and notice of hearing to show cause why obligations
not valid. (a) The complaint by appropriate allegations, references or exhibits shall briefly
state the following: the authority for issuing such obligations; the resolution or resolutions
authorizing their issuance and the fact of their adoption and all essential proceedings had
or taken in connection therewith; the amount of the obligations to be issued; the maximum
rate of interest they are to bear; when principal and interest are to be paid and the place
of payment (unless the successful bidder at public sale will have the right to name, designate,
request or suggest the place of payment, which shall be stated if this is the case); the taxes,
other revenues or other means provided for their payment; and, in the case of obligations
payable from taxes, the amount of outstanding indebtedness payable or secured by the same
taxes and the assessed valuation for the then preceding tax year...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-222.htm - 4K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92B-12.htm - 4K - Match Info - Similar pages

11-95-10
Section 11-95-10 Refunding bonds. Any bonds issued by a corporation may from time to time be
refunded by the issuance, by sale or exchange, of refunding bonds payable from the same or
different designated revenues for the purpose of paying all or any part of the principal of
the bonds to be refunded, any redemption premium required to be paid as a condition to the
redemption prior to maturity of any such bonds that are to be so redeemed in connection with
such refunding, any accrued and unpaid interest on the bonds to be refunded, any interest
to accrue on each bond to be refunded to the date on which it is to be paid, whether at maturity
or by redemption prior to maturity, and the expenses incurred in connection with such refunding;
provided, that unless duly called for redemption pursuant to provisions contained therein,
the holders of any such bonds then outstanding and proposed to be refunded shall not be compelled
without their consent to surrender their outstanding bonds for such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-95-10.htm - 2K - Match Info - Similar pages

22-23A-8
Section 22-23A-8 Bonds - Procedure for sale. The bonds and other evidences of indebtedness
of the authority may be sold at such time or times as the board of directors may deem advantageous.
The bonds shall be sold by competitive sale unless because of market conditions and/or credit
structures such a sale would be disadvantageous to the state. In the event such a determination
is made by the board of directors, the bonds shall be sold through a negotiated sale and the
managing underwriter(s) shall be selected based on criteria, which shall include but not be
limited to, experience, ability, responsiveness, and fee structure. Said criteria shall be
established by the board of directors and shall be included in a request for proposals for
the managing underwriter(s). Bonds sold at public sale shall be awarded to the bidder whose
bid reflects the lowest true interest cost to the authority for the bonds being sold, computed
to their respective absolute maturities; provided, that if no bid...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23A-8.htm - 1K - Match Info - Similar pages