41-29-504
Section 41-29-504 Details respecting the bonds. The bonds of the authority shall be
signed by its president and attested by its secretary, and the seal of the authority shall
be affixed thereto or a facsimile of such seal shall be printed or otherwise reproduced thereon;
provided, that: (a) 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 being manually subscribed
thereon, and (b) a facsimile of the signatures of both of the officers may be printed or otherwise
reproduced on such bonds in lieu of being manually affixed thereof if the authority, in its
proceedings with respect to issuance of the bonds, provides for manual authentication of such
bonds and the secretary designates a trustee or paying agent or named individuals who are
employees of the state and who are assigned to the finance department or the state treasurer's
office of the state to authenticate the bonds. Any bonds of the authority may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-29-504.htm - 6K - 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

11-92C-9
Section 11-92C-9 Bonds of authority. (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 from any other source as may be designated in the proceedings
of the board under which the bonds are authorized to be issued. (b) Pledge of revenues, receipts,
and other security. The principal and interest on any bonds issued by an authority shall be
secured by a pledge of the revenues and receipts out of which the principal and interest may
be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for the bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (c) Resolutions. The resolution under which
the bonds of an authority are authorized to be issued and any mortgage and deed of trust or
trust indenture may contain any agreements and provisions respecting the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-9.htm - 7K - Match Info - Similar pages

2-6-114
Section 2-6-114 Form and contents of bonds; redemption. (a) Any bonds of the corporation
may be executed and 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,
payable and evidenced in such manner, may contain provisions for redemption prior to maturity,
and may contain other provisions not inconsistent herewith, all as may be provided by the
resolution of the board of directors whereunder such bonds are authorized to be issued; provided,
that no bond of the corporation shall have a specified maturity date later than 30 years after
its date. Each bond of the corporation may be made subject to redemption at the option of
the corporation under such terms and conditions and at such premiums, if any, as may be provided
in the resolution under which the bond is authorized to be issued. The corporation may pay
out of the proceeds of the sale of its bonds all expenses,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-114.htm - 2K - Match Info - Similar pages

41-10-654
Section 41-10-654 Bonds of the authority. (a) General authorization to issue bonds.
The authority is authorized from time to time to sell and issue the bonds in one or more series
in an aggregate principal amount of up to fifty million dollars ($50,000,000) in order to
provide the funds to pay project costs, ancillary costs, and training costs. (b) Source of
payment. The bonds authorized herein shall be solely and exclusively an obligation of the
authority and shall not create an obligation or debt of the state. Such bonds shall not be
general obligations of the authority but shall be payable solely from the pledged revenues.
(c) Security for the bonds. The principal of and interest on the bonds shall be secured by
a pledge of the pledged revenues and, if necessary and desirable in the authority's sole discretion,
a mortgage on any part of the project. The resolution under which the bonds are authorized
by the authority to be issued and any trust indenture or mortgage may contain any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-654.htm - 2K - Match Info - Similar pages

11-54A-2
Section 11-54A-2 Definitions. The following words and phrases used in this chapter,
and others evidently intended as the equivalent thereof, in the absence of clear implication
herein otherwise, shall be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of any city in accordance
with Section 11-54A-4. (2) AUTHORITY. Any redevelopment authority organized pursuant
to this chapter. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing body of
any city in accordance with Section 11-54A-4, that authorizes the corporation of the
authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Shall include bonds,
notes, and certificates representing an obligation to pay money. (6) CITY. Any incorporated
city or town in the State of Alabama with respect to which a redevelopment authority may be
organized. (7) DIRECTOR. A member of the board of the authority. (8) DEVELOPMENT AREA....

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-2.htm - 3K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-5-6.htm - 2K - Match Info - Similar pages

41-10-631
Section 41-10-631 Notice; contested actions. (a) Upon the adoption by the directors
of any resolution providing for the issuance of bonds, the authority may cause to be published
once a week for two consecutive weeks, in newspapers published or having a general circulation
in the Cities of Birmingham, Montgomery, Huntsville, and Mobile, a notice in substantially
the following form, the blanks being properly filled in, at the end of which shall be printed
the name and title of either the president or the secretary of the authority: "Alabama
21st Century Authority, a public corporation under the laws of the State of Alabama, on the
__ day of __, authorized the issuance of $____ principal amount of bonds for purposes authorized
in Division 1 of Article 17 of Chapter 10 of Title 41, Code of Alabama 1975. The proceeds
from the sale of the bonds are proposed to be issued to finance ___. Any action or proceeding
questioning the validity of the bonds, the security thereof, the use of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-631.htm - 2K - Match Info - Similar pages

41-10-760
Section 41-10-760 Notice - Contested actions. (a) Upon the adoption by the directors
of any resolution providing for the issuance of bonds, the authority may cause to be published
once a week for two consecutive weeks, in newspapers published or having a general circulation
in the Cities of Birmingham, Montgomery, Huntsville, and Mobile, a notice in substantially
the following form, at the end of which shall be printed the name and title of either the
president or the secretary of the authority: "Alabama Economic Settlement Authority,
a public corporation under the laws of the State of Alabama, on the ____ day of ______, authorized
the issuance of $_____ principal amount of bonds for purposes authorized in Article 19, Chapter
10 of Title 41 of the Code of Alabama 1975. The proceeds from the sale of the bonds are proposed
to be used to ___. Any action or proceeding questioning the validity of the bonds, the security
thereof, the use of the proceeds thereof, or the proceedings...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-760.htm - 2K - Match Info - Similar pages

11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution;
bond resolution covenants. (a) The authority shall, prior to the adoption by the board of
a resolution authorizing the issuance of any bonds, enter into one or more contracts with
two or more municipalities which are authorized to contract with the authority pursuant to
Section 11-50A-17. Any resolution of the board authorizing the issuance of bonds may
authorize those bonds to be issued in more than one series, and the issuance of each series
of bonds so authorized by that resolution need not be preceded by the entering into by the
authority of additional contracts pursuant to Section 11-50A-17. (b) The board may
by resolution or resolutions authorize the issuance of bonds. Unless otherwise provided therein,
the resolution or resolutions shall take effect immediately and need not be published or posted.
The board may authorize such types of bonds as it may determine, subject only to any agreement
with...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-9.htm - 8K - Match Info - Similar pages