Code of Alabama

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16-18A-5
Section 16-18A-5 Revenue bonds - Issuance; negotiable, forms, terms, etc.; refunding bonds;
security. The authority shall have power and is hereby authorized from time to time to provide
by resolution for the issuance of negotiable revenue bonds for the purpose of paying all or
any part of the cost as herein defined of any of its projects. Such bonds may also be issued
to pay off, refund or refinance any outstanding bonds or other obligation of any nature owed
by the authority, whether or not such revenue bonds or other obligations shall then be subject
to redemption, and the authority may provide for such arrangements as it may determine for
the payment and security of the revenue bonds being issued or for the payment and security
of the revenue bonds or other obligations to be paid off, refunded or refinanced. The principal,
premium, if any, and interest of such revenue bonds shall be payable solely from the revenues,
receipts and earnings to be received by the authority in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18A-5.htm - 5K - Match Info - Similar pages

22-23B-7
Section 22-23B-7 Purpose; issuing, selling and refunding of bonds. For the purpose of providing
funds for the authority to make loans to public bodies for a project or projects, or for the
payment of obligations incurred or temporary loans made for any of said purposes, the authority
is hereby authorized, from time to time, to issue and sell its bonds or other evidences of
indebtedness. Such bonds may be issued in one or more series; shall be in such form and denominations
and of such terms and maturities, not exceeding 30 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 herewith, all as may be provided by the authorizing resolution.
As security for the payment of the principal of and interest on its bonds, the authority is
authorized to pledge, transfer and assign any...
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33-16-12
Section 33-16-12 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 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, denominations, series...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-16-12.htm - 7K - Match Info - Similar pages

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

37-13-15
Section 37-13-15 Bonds of authority - Refunding bonds. An authority 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 bonds of the authority theretofore issued hereunder and then outstanding, whether or
not such principal and interest shall have matured at the time of such refunding, and for
the payment of any expenses incurred in connection with such refunding and any premium necessary
to be paid in order to redeem, retire or purchase for retirement the bonds to be refunded.
The proceeds derived from the sale of any refunding bonds shall be used only for the purposes
for which the refunding bonds were authorized to be issued. Any such refunding may be effected
either by sale of the refunding bonds and the application of the proceeds thereof, or by exchange
of the refunding bonds for the bonds or coupons to be refunded thereby; provided that the
holders of any bonds or coupons so to be refunded shall not be...
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4-3-19
Section 4-3-19 Refunding bonds. The authority 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 bonds of the authority
theretofore issued hereunder and then outstanding, whether or not such principal and interest
shall have matured at the time of such refunding and for the payment of any expenses incurred
in connection with such refunding and any premium necessary to be paid in order to redeem,
retire or purchase for retirement the bonds to be refunded. The proceeds derived from the
sale of any refunding bonds shall be used only for the purposes for which the refunding bonds
were authorized to be issued. Any such refunding may be effected either by sale of the refunding
bonds and the application of the proceeds thereof or by exchange of the refunding bonds for
the bonds or interest coupons to be refunded thereby; provided, that the holders of any bonds
or coupons so to be refunded shall not be compelled...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-19.htm - 2K - Match Info - Similar pages

41-1-9
Section 41-1-9 Issuance of interest bearing securities, etc. In any instance where any bond,
warrant, note, certificate of indebtedness or other securities howsoever designated is authorized
to be issued by the state, or by any county, municipality, board of education, political subdivision,
public instrumentality, public corporation or other public entity howsoever identified; any
such security may bear one or more rates of interest, or no interest, or interest may be payable
through one or more payments which reflect compound interest computed at specified intervals
on accrued but unpaid interest, or through a discount in the sales price for such security
equivalent to compound interest on such security for all or part of the term thereof, or through
any combination of the foregoing methods of providing for the payment of interest, and any
such amounts shall be payable at such time or times as may be provided in the proceedings
authorizing any such security, regardless of the...
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45-37A-56.37
Section 45-37A-56.37 Refunding bonds. The authority 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 bonds
of the authority theretofore issued hereunder and then outstanding, whether or not such principal
and interest shall have matured at the time of such refunding, and for the payment of any
expenses incurred in connection with such refunding and any premium necessary to be paid in
order to redeem, retire, or purchase for retirement the bonds to be refunded. The proceeds
derived from the sale of any refunding bonds shall be used only for the purposes for which
the refunding bonds were authorized to be issued. Any such refunding may be effected either
by sale of the refunding bonds and the application of the proceeds thereof, or by exchange
of the refunding bonds for the bonds or interest coupons to be refunded thereby; provided
that the holders of any bonds or coupons so to be refunded shall not be...
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9-14A-11
Section 9-14A-11 Bonds - Redemption. The bonds of each series issued pursuant to this chapter
may be issued as serial bonds payable in annual installments or as term bonds or as a combination
thereof, and the principal of the bonds of each such series shall mature or be subject to
mandatory redemption according to such schedule as the respective board of directors of said
corporations shall determine in the resolution authorizing the issuance of such series. The
bonds may be made subject to redemption prior to their respective maturities, at the option
of the state, on such terms and conditions as shall be provided by the board of directors
of the corporation in the resolution authorizing the issuance of such series. Any or all of
such bonds subject to redemption at the option of the state may be called for redemption by
the corporations pursuant to a resolution adopted by the respective board of directors thereof
if pursuant to appropriations theretofore made by the Legislature the...
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27-27-7
Section 27-27-7 Solicitation permit - Issuance; contents; compliance with terms. (a) Upon the
filing of any bond required by Sections 27-27-10 or 27-27-16, after notice by the commissioner
provided for in subsection (a) of Section 27-27-6, or upon his decision to grant a solicitation
permit if such a bond is not so required, the commissioner shall issue to the applicant or
to the newly formed corporation, if the application is on behalf of a newly formed incorporated
domestic insurer, a solicitation permit. Every solicitation permit issued by the commissioner
shall contain provisions in substance as follows: (1) State the securities or other rights
or interests for which subscriptions are to be solicited, the number, classes, par value,
and selling price thereof, or identify the insurance contract, or contracts, for which applications
and advance premiums or deposits of premium are to be solicited in the case of mutual or reciprocal
insurers; (2) Require that any particular class of...
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