Code of Alabama

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16-60-91
Section 16-60-91 Execution, form, terms, sale, etc., of bonds; use of proceeds; security;
bonds legal investments. 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, and any interest
coupons applicable to such bonds shall be signed by the president; 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 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 president's signature may be printed or otherwise reproduced
on any such interest coupons in lieu of his signing the same. Any bonds of the authority 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...
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16-65-9
Section 16-65-9 Refunding bonds. Any bonds issued by the authority may from time to
time be refunded by the issuance, by sale or exchange, of refunding bonds or obligations 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 revenue 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
the 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...
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2-3A-8
Section 2-3A-8 Bonds of the authority. (a) Source of payment. All bonds issued by the
authority shall be payable solely out of the revenues and other receipts of the authority
as may be designated in the proceedings of the board under which the bonds shall be authorized
to be issued. (b) Pledge of revenues and other security. The principal of and interest on
any bonds issued by the authority shall be secured by a pledge of the revenues and other receipts
out of which the same may be payable and may be secured by a trust indenture evidencing such
pledge or by a foreclosable mortgage and deed of trust conveying as security for such bonds
all or any part of the property of the authority from which the revenues so pledged may be
derived. The resolution under which the bonds are authorized to be issued or any such trust
indenture or mortgage may contain any agreements and provisions respecting the maintenance
and insurance of the property covered by such trust indenture or mortgage, the use...
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24-1A-8
Section 24-1A-8 Refunding bonds. (a) Any bonds issued by the 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: (1) All or any part of the principal
of the bonds to be refunded; (2) 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; (3) Any accrued and unpaid interest on the bonds to be refunded; (4)
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 (5) The expenses incurred in connection
with the refunding; provided, however, 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...
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41-10-268
Section 41-10-268 Authorization, issuance and sale of bonds. The authority is hereby
authorized from time to time to sell and issue its interest-bearing or noninterest-bearing
bonds, in one or more series, not to exceed an aggregate principal amount of $40,000,000.00,
excluding refunding bonds described in Section 41-10-277, for the purpose of providing
funds for the acquisition, construction, installation and equipping of judicial facilities,
and for payment of obligations incurred for any of said purposes. Bonds of the authority may
be in such form and denominations, may be of such tenor, may be payable in such installments
and at such time or times not exceeding 30 years from their date, may be payable at such place
or places, may be redeemable at such times and under such conditions, may bear interest at
such rate or rates payable and evidenced in such manner or may be structured to bear no interest
or to reflect compound interest and may be secured in such manner, all as shall not...
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41-10-28
Section 41-10-28 Execution of bonds and interest coupons; form, terms, denominations,
etc., of bonds; sale; refunding bonds; liability upon bonds; pledges of certain funds as security
for payment of principal and interest on bonds generally; bonds to be deemed negotiable instruments;
bonds and income therefrom exempt from taxation; use of bonds as security for deposits of
funds of state, etc.; investment of certain state funds and private trust funds in bonds;
public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of
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, and any interest coupons applicable
to such bonds shall be signed by the president; 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 being manually subscribed thereon, a facsimile of the...
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41-9-433
Section 41-9-433 Form, terms, denominations, etc., of bonds; sale; redemption; execution
of bonds and coupons. All bonds shall be issued, subject to the approval of the Governor,
in such forms, denominations, series and numbers, may be of such tenor and maturities, may
bear such date or dates, may be in registered or bearer form either as to principal or interest
or both with rights of conversion into another form, may be payable in such installments and
at such place or places, may bear interest at such rate or rates payable and evidenced in
such manner and may contain provisions for redemption at the option of the state, to be exercised
by said commission at such date or dates prior to their maturity and upon payment of such
redemption price or prices, as shall be provided by said commission in the resolution or resolutions
whereunder the bonds are authorized to be issued. The principal of each series of bonds shall
mature in annual installments in such amounts as shall be specified...
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41-9-473
Section 41-9-473 Form, maturity, sale, etc., of bonds. All bonds shall be issued, subject
to the approval of the Governor, in such forms, denominations, series and numbers, may be
of such tenor and maturities, may bear such date or dates, may be in registered or bearer
form either as to principal or interest or both with rights of conversion into another form,
may be payable in such installments and at such place or places, may bear interest at such
rate or rates payable and evidenced in such manner and may contain provisions for redemption
at the option of the state to be exercised by said commission at such date or dates prior
to their maturity and upon payment of such redemption price or prices, all as shall be provided
by said commission in the resolution or resolutions whereunder the bonds are authorized to
be issued. The principal of each series of bonds shall mature in annual installments in such
amounts as shall be specified in the resolution or resolutions of the said...
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24-1A-6
Section 24-1A-6 Bonds. (a) General. The authority may from time to time issue its negotiable
bonds in such principal amounts as, in the opinion of the authority, shall be necessary to
provide sufficient funds for achieving the corporate purposes thereof, the payment of interest
on bonds of the authority, establishment of reserves to secure such bonds and all other expenditures
of the authority incident to, and necessary or convenient to, carrying out its corporate purposes
and powers. (b) Sources of Payment. Bonds issued by the authority shall be payable solely
out of revenues or property of the authority specified in the resolutions authorizing the
issuance of such bonds. To the extent permitted by any contracts with the holders of outstanding
bonds and any other contractual obligations or requirements, the authority may pledge any,
or all, of its revenues or mortgages or assign any, or all, of its assets (whether real or
personal and whether tangible or intangible) to secure the...
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37-7-13
Section 37-7-13 Bonds or obligations - Manner of sale or issuance. A corporation formed
under this chapter shall have power and is authorized, from time to time, to issue its obligation
in anticipation of its revenues for any corporate purpose. Said obligations may be authorized
by resolution or resolutions of the board and 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, carry such registration privileges, 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, not exceeding par and accrued interest, as such resolution or
resolutions may provide. Such obligations may be sold in such manner and upon such terms as
the board may determine at not less than par and accrued interest. Any...
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