|
2-5A-30
Section 2-5A-30 Definitions. Whenever used in this article, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
BONDS. Those bonds, including the refunding bonds, issued under and pursuant to the provisions
of this article. (2) GOVERNMENT SECURITIES. Any bonds or other obligations which as to principal
and interest constitute direct obligations of, or are unconditionally guaranteed by, the United
States of America, including obligations of any federal agency to the extent such obligations
are unconditionally guaranteed by the United States of America and any certificates or any
other evidences of an ownership interest in such obligations of, or unconditionally guaranteed
by, the United States of America or in specified portions thereof, which may consist of the
principal thereof or the interest thereon. (3) PERMITTED INVESTMENTS. (i) Government securities;
(ii) bonds, debentures, notes or other evidences of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-5A-30.htm - 4K - Match Info - Similar pages
41-14-33
Section 41-14-33 Contracts covering time deposits, open account; early withdrawal; apportionment;
payment and rate of interest. (a) The State Treasurer is authorized to enter into contracts
with the state depositories for the deposit of state funds in time deposits, open account,
having maturities of 91 days, six months, or one year; provided that any such contract for
a time deposit, open account, having a maturity of 91 days shall provide for early withdrawal
of funds upon written notice delivered at least 14 days (or the minimum period of time as
is prescribed by applicable banking regulation then in effect) prior to the date of withdrawal.
(b) The State Treasurer shall apportion the time deposits, open account, among state depositories,
giving preference to banks that are located in Alabama and giving due consideration to the
activities of the various banking accounts maintained therein, the reasonable value of the
banking services rendered or to be rendered the state by depositary...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-14-33.htm - 2K - Match Info - Similar pages
45-32-150.16
Section 45-32-150.16 Disposition of funds. All fees, commissions, taxes, and other monies,
including fines and forfeitures, received under this part shall be paid to the Treasurer of
Greene County and deposited by the treasurer in the county treasury to the account of the
Greene County Racing Commission. All such monies remaining, after payment of expenses incurred
in the administration of this part, including the payment of the salaries and expenses of
the members and employees of this commission, shall be distributed on a quarterly basis as
follows: (1) There shall be distributed to the Greene County Commission an amount not to exceed
two hundred thousand dollars ($200,000) per year: a. To pay principal of and interest on bonds,
warrants or other securities at any time thereafter issued by the Greene County Commission
for the purpose of providing and equipping the existing jail facility; or constructing new
jail facilities and renovating, improving, and equipping existing jail...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-32-150.16.htm - 6K - Match Info - Similar pages
5-11A-9
Section 5-11A-9 Exemption of trust companies, etc., acting as administrators, etc., from bond
requirement. Any trust company or bank which is authorized by law to act as a guardian, administrator,
executor, receiver or trustee, except as may be otherwise provided in this code for the administration
of the affairs of war veterans, under appointment of any court of this state, and which maintains
the deposit provided for in Section 5-11A-5, shall be entitled as a matter of right to exemption
from giving bond before receiving authority to act in any of the above capacities, provided
its aggregate liabilities, to secure which said bonds or other securities are deposited, do
not exceed five times the par value of said securities. When such company desires exemption
from giving any such bond, it shall file with the officer who would otherwise require such
bonds a sworn statement showing the amount in value of the bonds or other securities on deposit
with the State Treasurer, and that the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-11A-9.htm - 1K - Match Info - Similar pages
5-13B-2
Section 5-13B-2 Definitions. For purposes of this article: (a) "Acquire" means: (1)
For a company to merge or consolidate with a bank holding company; (2) For a company to assume
direct or indirect ownership or control of: (I) More than 25 percent of any class of voting
shares of a bank holding company or a bank, if the acquiring company was not a bank holding
company prior to such acquisition; (II) More than five percent of any class of voting shares
of a bank holding company or a bank, if the acquiring company was a bank holding company prior
to such acquisition; or (III) All or substantially all of the assets of a bank holding company
or a bank; or (3) For a company to take any other action that results in the direct or indirect
acquisition of control by such company of a bank holding company or a bank; however, formation
of a de novo bank pursuant to Chapter 5A of this title is not an acquisition for purposes
of this article. (b) "Affiliate" has the meaning set forth in Section...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-2.htm - 4K - Match Info - Similar pages
11-62-1
Section 11-62-1 Definitions. (a) The following words and phrases used in this chapter, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) AUTHORITY.
Any public corporation organized pursuant to this chapter. (2) AUTHORIZED PURPOSE OBLIGATION.
The term includes either of the following: a. Any lease, note, installment sale contract,
or any other obligation of a user, whether general or special, which was entered into, made,
assumed, or otherwise incurred by the user, in whole or in part, for the purpose of financing
the acquisition or ownership of one or more facilities, for the purpose of obtaining funds
with which to operate one or more facilities or for any combination of those purposes. b.
Any obligation of any kind which was entered into, made, assumed, or otherwise incurred by
the United States of America or any department, agency, or instrumentality...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-1.htm - 7K - Match Info - Similar pages
22-3A-2
Section 22-3A-2 Definitions. The following words and phrases used in this chapter, unless the
context clearly indicates otherwise, shall have the following respective meanings: (1) AUTHORITY.
The public corporation organized pursuant to the provisions of this chapter. (2) BONDS. The
bonds issued under the provisions of this chapter. (3) COUNTY BOARD(S) OF HEALTH. County board(s)
of health provided for in Chapter 3 of Subtitle 1 of Title 22. (4) DIRECTORS. The board of
directors of the authority. (5) GOVERNMENT SECURITIES. Any bonds or other obligations which
as to principal and interest constitute direct obligations of, or are unconditionally guaranteed
by, the United States of America, including obligations of any federal agency to the extent
such obligations are unconditionally guaranteed by the United States of America and any certificates
or any other evidences of an ownership interest in such obligation of, or unconditionally
guaranteed by, the United States of America or in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-2.htm - 5K - Match Info - Similar pages
27-27-12
Section 27-27-12 Deposit of solicitation permit funds in escrow - Requirement. (a) All funds
received in Alabama pursuant to a solicitation permit, other than advance premiums for insurance
which are subject to Section 27-27-18, shall, by the permit holder, be deposited and held
in escrow in a bank or trust company located in this state under an agreement approved by
the commissioner. (b) No part of such funds shall be withdrawn from such deposit, except:
(1) For the payment of promotion, sales, and organization expenses as authorized by the solicitation
permit, and funds for such purposes may be withheld from the deposit; (2) For the purpose
of making any deposit with the commissioner required for the issuance of a certificate of
authority to an insurer; (3) If the proposed organization is not to be an insurer, upon completion
of payments on securities subscriptions made under the solicitation permit and deposit or
appropriation of such funds to the purposes specified in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-12.htm - 1K - Match Info - Similar pages
11-88-132
Section 11-88-132 Acquisition, etc., of water system of water and fire protection authority
by city board of water and sewer commissioners - Conveyance of funds in trust for authority's
fire protection system; governing board of authority as trustees; trustees' powers and liabilities.
(a) In the event that the board of water and sewer commissioners of any city ("commissioners")
should acquire, operate, or control by virtue of assignment, conveyance, court order, operation
of law, or otherwise the water system of a water and fire protection authority ("authority"),
then the commissioners shall thereupon convey to the authority the principal sum of $2,000,000
in irrevocable trust for the support and maintenance of the authority's fire protection system.
(b) The trustees of the trust so established shall be the members of the governing board of
the authority, as it may be comprised from time to time, who shall have all powers necessary
to effect the support and maintenance of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-132.htm - 6K - Match Info - Similar pages
16-18B-2
Section 16-18B-2 Definitions. Where used in this article the following words and terms shall
be given the following respective meanings unless the context hereof clearly indicates otherwise:
(1) AMENDMENT. The amendment to the constitution of the state authorizing the issuance of
the bonds. (2) CORPORATION. The public corporation authorized to be created by this article.
(3) BOARD OF DIRECTORS. The board of directors of the corporation. (4) BONDS. The bonds issued
under this article. (5) CODE. The Code of Alabama 1975, as amended. (6) GOVERNMENT SECURITIES.
Any bonds or other obligations which as to principal and interest constitute direct obligations
of, or are unconditionally guaranteed by, the United States of America, including obligations
of any federal agency to the extent such obligations are unconditionally guaranteed by the
United States of America and any certificates or any other evidences of an ownership interest
in such obligations of, or unconditionally guaranteed by, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18B-2.htm - 5K - Match Info - Similar pages
|