33-17-12
Section 33-17-12 Bonds - Generally. There are hereby authorized to be issued bonds of the state
in aggregate principal amount not exceeding $10,000,000.00. The bonds hereby authorized shall
be general obligations of the state, and the full faith and credit of the state are hereby
irrevocably pledged for the prompt and faithful payment of the principal of and the interest
on the bonds. The bonds may be sold from time to time as the board of directors may deem advantageous;
provided, that no bonds (other than refunding bonds) may be sold or issued unless the Governor
shall have first determined that the issuance of the bonds proposed to be issued will be necessary
to enable the authority to fulfill the requirements of local contribution, participation and
cooperation established by the United States in connection with the waterway and the flood
control project. Except as hereinafter limited, the bonds may be executed and delivered at
any time and from time to time, may be in such forms,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-17-12.htm - 7K - Match Info - Similar pages

41-10-469
Section 41-10-469 Use of proceeds of refunding bonds. The proceeds of refunding bonds shall
be applied, together with any other moneys legally available therefor, to the payment of the
expenses authorized by this article and to the payment of the principal of, premium, if any,
and interest due and to become due on any outstanding bonds to be refunded thereby and, if
so required by resolution of the authority, shall be deposited in the State Treasury in an
interest account to pay interest on refunding bonds, and in the State Treasury in a reserve
account to further secure the payment of the principal of, premium, if any, and interest on
any refunding bonds. The expenses authorized by this article shall include, in addition to
expenses authorized by other sections hereof, all expenses that the board of directors may
deem necessary or advantageous in connection with the sale and issuance of such refunding
bonds, including without limitation, the expenses of selling and issuing such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-469.htm - 7K - Match Info - Similar pages

33-13-9
Section 33-13-9 Bonds - Generally. There are hereby authorized to be issued bonds of the state
in aggregate principal amount not exceeding $45,000,000.00 for the purpose of paying costs
of the development, construction, improvements, expansion and modernization (or any of them)
of the State Docks Department at the Port of Mobile. The bonds hereby authorized shall be
general obligations of the state, and the full faith, credit and taxing powers of the state
are hereby irrevocably pledged for the prompt and faithful payment of the principal thereof
and the interest thereon. The bonds may be sold from time to time as the board of directors
may deem advantageous; provided, that no bonds (other than refunding bonds) may be sold or
issued unless the Governor shall have first determined that the issuance of the bonds proposed
to be issued will be necessary to enable the authority to promote, develop, construct, improve,
expand and modernize the state docks facilities. Except as hereinafter...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-13-9.htm - 7K - Match Info - Similar pages

41-10-543
Section 41-10-543 Application for incorporation. (a) To become the public corporation herein
authorized, the Governor, the State Treasurer, and the Director of Finance shall present to
the Secretary of State of Alabama an application signed by them which shall set forth all
of the following: (1) The name, official designation, and official residence of each of the
applicants, together with a certified copy of the commission evidencing each applicant's right
to office. (2) The date on which each applicant was inducted into office and the term of office
of each applicant. (3) The name of the proposed public corporation, which shall be "Alabama
Incentives Financing Authority." (4) The location of the principal office of the proposed
corporation, which shall be in the City of Montgomery. (b) The applicants may also include
in the application any other matters which are not inconsistent with this division or with
any of the other laws of the state. The application shall be subscribed and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-543.htm - 1K - Match Info - Similar pages

16-13-99
Section 16-13-99 Place and method of payment. All warrants issued hereunder may be made payable
as to principal and interest at such banks within or without the State of Alabama as the issuing
board of education may designate. The county or city superintendent of education and the custodian
or treasurer of school funds, as the case may be, shall deposit sufficient funds in such bank
designated by the issuing board, as the bank at which its warrants are payable to meet all
maturing installments of principal of and interest on its warrants promptly as the same shall
fall due. The amounts due on principal and interest of school warrants issued heretofore and
hereunder shall be remitted by said banks at par, including any premium due on called warrants,
and without the deduction of exchange, handling, or collection costs from the amount due the
holders of said warrants. Each issuing board of education shall be authorized to compensate
any paying agent bank in an amount deemed reasonable by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-99.htm - 1K - Match Info - Similar pages

33-2-131
Section 33-2-131 Refunding bonds and investments. The state may at any time, and from time
to time, issue refunding bonds for the purpose of refunding the principal of and the interest
on any unmatured bonds of the state then outstanding which were theretofore issued under any
one or more of this article, or the 1957 Docks Act, the 1959 Docks Act, the 1961 Docks Act,
or the 1963 Docks Act. The proceeds from the sale of such refunding bonds shall be paid to
the State Treasurer and disbursed on order or resolution of the department solely to refund
and retire those bonds for the refunding of which such refunding bonds are authorized to be
issued, and to pay the expenses incurred in such refunding; provided, that pending the time
such refunding can be consummated, such proceeds may be invested as herein authorized. All
provisions of this article pertaining to bonds issued under this article that are not inconsistent
with the provisions of this section shall, to the extent applicable, also...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-131.htm - 1K - Match Info - Similar pages

33-2-188
Section 33-2-188 Docks facilities revenue bonds and refunding bonds - Disposition of proceeds
of refunding bonds. The proceeds of refunding bonds shall be applied, together with any other
moneys legally available therefor to the payment of the expenses authorized by this article
and to the payment of the principal of, premium, if any, and interest due and to become due
on any outstanding bonds to be refunded thereby and, if so required by order of the director,
shall be deposited by the department, with one or more trustees or escrow agents, which trustees
or escrow agents shall be trust companies or national or state banks, located either within
or without the state, having powers of a trust company, in an interest account to pay interest
on refunding bonds, and in a reserve account to further secure the payment of the principal
of, premium, if any, and interest on any refunding bonds. Proceeds of refunding bonds may
also be applied to repay the department's lease obligations with...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-188.htm - 6K - Match Info - Similar pages

33-2-72
Section 33-2-72 Refunding bonds. The state may at any time and from time to time issue refunding
bonds for the purpose of refunding the principal of and the interest on any matured or unmatured
bonds of the state then outstanding which were theretofore issued under any one or more of
this article, or the 1957 Docks Act, or the 1959 Docks Act. The proceeds derived from the
sale of such refunding bonds shall be paid to the State Treasurer and disbursed on order or
resolution of the department solely to refund and retire those bonds for the refunding of
which such refunding bonds are authorized to be issued, and to pay the expenses incurred in
such refunding; provided, that pending the time such refunding can be consummated such proceeds
may be invested as herein authorized. All provisions of this article pertaining to bonds issued
under this article that are not inconsistent with the provisions of this section shall, to
the extent applicable, also apply to the refunding bonds issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-72.htm - 1K - Match Info - Similar pages

36-17-3
Section 36-17-3 Duties generally. The powers, functions, and duties of the Treasurer shall
be: (1) To receive all moneys due the state and deposit them in the proper accounts. (2) To
perform the functions and duties now authorized by law with respect to state depositaries.
(3) To pay all warrants duly executed by the Comptroller, and to pay for funds electronically
transferred by the Comptroller in accordance with Section 41-4-50, upon the determination
that there is sufficient money for the payment thereof in the fund upon which they are drawn.
No warrant executed by any other person shall be honored. All checks drawn on the state funds
shall be signed by the Treasurer, or the chief clerk in the office, and countersigned by the
special assistant in the office of the Treasurer, who is appointed by the Treasurer with the
approval of the Governor. Another employee may be designated by the Treasurer, with the approval
of the Governor, to countersign checks in the absence of the special...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-17-3.htm - 7K - Match Info - Similar pages

41-10-752
Section 41-10-752 Incorporation of authority authorized; application; filing. (a) To become
a public corporation and instrumentality of the state with the powers herein provided, the
Governor, the State Treasurer, the Speaker of the House of Representatives, the President
Pro Tempore of the Senate, the Secretary of Labor, and the Finance Director shall present
to the Secretary of State of Alabama an application signed by them which shall set forth all
of the following: (1) The name, official designation, and official residence of each of the
applicants, together with a certified copy of the commission evidencing each applicant's right
to office. (2) The date on which each applicant was inducted into office and the term of office
of each applicant. (3) The name of the proposed public corporation, which shall be Alabama
Economic Settlement Authority. (4) The location of the principal office of the proposed corporation,
which shall be in the City of Montgomery. (5) Any other matter...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-752.htm - 2K - Match Info - Similar pages