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33-2-37
Section 33-2-37 General provisions relative to additional inland waterways improvement bonds.
In order to provide funds for the purposes of this article, there are hereby authorized to
be sold and issued bonds of the state not exceeding $3,500,000.00 in aggregate principal amount,
under and subject to the provisions hereinafter set forth. The bonds shall be designated as
inland waterways improvement bonds of the state. The bonds shall be general obligations of
the state, for payment of the principal of and interest on which the full faith and credit
of the state are hereby irrevocably pledged. The bonds may be issued from time to time in
one or more series, shall bear an appropriate series designation, shall be in such form and
denominations and of such tenor and maturities, shall bear such rate or rates of interest
payable in such manner, may contain provisions for redemption prior to maturity, and may contain
other provisions not inconsistent herewith, all as shall be set forth in an...
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33-2-67
Section 33-2-67 General provisions relative to additional inland waterways improvement bonds.
In order to provide funds for the purposes of this article, there are hereby authorized to
be sold and issued bonds of the state not exceeding $1,500,000.00 in aggregate principal amount,
under and subject to the provisions hereinafter set forth. The bonds shall be designated as
inland waterway improvement bonds of the state. The bonds shall be general obligations of
the state, for payment of the principal of and interest on which the full faith and credit
of the state are hereby irrevocably pledged. The bonds may be issued from time to time in
one or more series, shall bear an appropriate series designation, shall be in such form and
denominations and of such tenor and maturities, shall bear such rate or rates of interest
payable in such manner, may contain provisions for redemption prior to maturity, and may contain
other provisions not inconsistent herewith, all as shall be set forth in an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-67.htm - 4K - Match Info - Similar pages
33-2-97
Section 33-2-97 General provisions relative to additional inland waterways improvement bonds.
In order to provide funds for the purposes of this article, there are hereby authorized to
be sold and issued bonds of the state not exceeding $2,000,000.00 in aggregate principal amount,
under and subject to the provisions hereinafter set forth. The bonds shall be designated as
inland waterway improvement bonds of the state. The bonds shall be general obligations of
the state, for payment of the principal of and interest on which the full faith and credit
of the state are hereby irrevocably pledged. The bonds may be issued from time to time in
one or more series, shall bear an appropriate series designation, shall be in such form and
denominations and of such tenor and maturities, shall bear such rate or rates of interest
payable in such manner, may contain provisions for redemption prior to maturity, and may contain
other provisions not inconsistent herewith, all as shall be set forth in an...
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11-50A-10
Section 11-50A-10 Validation of bonds. Except as otherwise provided in this section, the validity
of any bonds may be determined in the manner provided in Sections 11-81-220 through 11-81-227,
provided that, as used in those sections: the term "unit" shall mean the authority;
the term "organizing subdivision" shall mean the state; the term "obligations"
shall include, in addition to the evidences of indebtedness listed in Section 11-81-220(3),
all contracts described in Section 11-50A-11; and the term "district attorney" shall
mean the attorney general of the state; and provided further, that the authority shall not
be required to specify in its complaint when, where, and in what amounts principal and interest
on the bonds are to be paid; and provided further, that in its complaint the authority may,
when stating the amount of obligations to be issued, state the principal amount of bonds to
be issued, whether the bonds are to be issued in separate series or installments from time
to...
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22-29-8
Section 22-29-8 Bonds - Authorization to issue and sell; security for payment. For the purpose
of providing funds for the state to make grants to local public bodies for a project or projects
or for the payment of obligations incurred or a temporary loan made for any of said purposes,
the authority is hereby authorized, from time to time, to issue and sell its bonds, not exceeding
in the aggregate principal amount, however, $30,000,000.00. Such bonds may be issued in one
or more series, shall be in such form and denominations and of such tenor and maturities,
not exceeding 40 years from the date of issue of each series, shall bear such rate or rates
of interest, payable and evidenced in such manner, may contain such provisions for registration
or for redemption prior to maturity and may contain such other provisions not inconsistent
with this section as may be provided by the authorizing resolution. As security for the payment
of the principal of and interest on its bonds, the...
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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...
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26-9-10
Section 26-9-10 Investment of funds of estate by guardian; limitation as to loans of funds
of ward. (a) Every guardian shall invest the funds of the estate in one or more of the following
forms in which the guardian has no interest and not otherwise: (1) Interest-bearing obligations
of the State of Alabama or of the United States or as to which the State of Alabama or the
United States has guaranteed the payment of both principal and interest. (2) Loans secured
by direct first mortgage on improved real estate located within the State of Alabama. Such
loans shall not exceed 50 percent of the actual value fixed by a competent appraiser or of
the value for which such real estate, with improvements, was assessed for taxation for the
last preceding tax year, whichever is the lower, except as provided in subdivision (3) of
this section. (3) Purchase of indebtedness secured by first real estate mortgages which have
been accepted for insurance by the Secretary of Housing and Urban Development...
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11-50-345
Section 11-50-345 Issuance of revenue bonds authorized; form, terms, denominations, etc.; execution,
sale, etc.; disposition of proceeds from sale of bonds; issuance of interim receipts or temporary
bonds. (a) Any board of water and sewer commissioners created under the provisions of this
article is hereby authorized by resolution, at one time or from time to time, to issue revenue
bonds of the board for the purpose of paying all or any part of the cost of any water system
or sewer system or any combination thereof and the cost of any improvements, extensions, and
additions and for the purpose of refunding any bonds or obligations assumed by the board in
connection with the acquisition of such system or systems or part thereof. The principal of
and the interest on such bonds shall be payable solely from the funds provided by this article
for such payment. The bonds of each issue shall be dated, shall bear interest at such rate
or rates not exceeding 10 percent per annum, shall mature...
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11-50A-1
Section 11-50A-1 Definitions. As used in this chapter, the following words shall have the following
meanings unless the context clearly indicates otherwise: (1) AUTHORITY. Alabama Municipal
Electric Authority created pursuant to this chapter and any successor or successors thereto.
(2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by the authority
under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION NOTES.
Short term obligations issued by the authority in anticipation of the issuance of bonds. (5)
COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment, alteration,
repair, or extension of any project; all costs of real and personal property required for
the purposes of any project, including any rights or undivided interest therein; all costs
of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates,
and all costs of securing any permits, approvals, licenses,...
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11-54-181
Section 11-54-181 Refunding bonds. Any bonds issued by an authority may from time to time be
refunded by the issuance, by sale or exchange, of refunding bonds payable from the same or
different sources 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 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 refunding. Any...
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