11-56-16
Section 11-56-16 Refunding bonds. The corporation may at any time and from time to time issue
refunding bonds for the purpose of refunding the principal of and interest on any bonds of
the corporation theretofore issued under this chapter 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 or retire 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 without their...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-56-16.htm - 1K - Match Info - Similar pages

41-10-99
Section 41-10-99 Refunding bonds. The corporation may at any time and from time to time issue
refunding bonds for the purpose of refunding the principal of and interest on any bonds of
the corporation theretofore issued under this article 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 such premium as is
necessary to be paid in order to redeem or retire 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, in the manner provided for in this article with respect to bonds, 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-99.htm - 1K - Match Info - Similar pages

11-50-405
Section 11-50-405 Bonds - Authorization for issuance; form, terms, denominations, etc.; execution
and delivery; sale; refunding and exchange; issuance of interim receipts or temporary bonds.
The bonds of a district incorporated under this article shall be authorized by resolution
of the board of directors of the district and may be issued in one or more series, may bear
such date or dates, mature at such time or times, bear interest at such rate or rates, be
in such denominations, be in such form, either coupon or registered or both, be executed in
such manner, be payable in such medium of payment, at such place or places, be nonredeemable
or subject to such terms of redemption, with or without premium and be subject to being declared
or becoming due before the maturity date thereof as such resolution or resolutions may provide.
Said bonds may be issued for money or property, either at public or private sale and for such
price or prices as the board of directors shall determine. Such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-405.htm - 3K - Match Info - Similar pages

33-2-190
Section 33-2-190 Docks facilities revenue bonds and refunding bonds - Defeasance. Any docks
facilities revenue bond or refunding bond issued pursuant to the provisions of this article
shall no longer be deemed to be outstanding, shall no longer be secured by the docks facilities
revenues that may have been pledged therefor, shall no longer constitute a limited obligation
of the department, and shall be secured solely by and payable solely from moneys and government
securities deposited in trust with one or more trustees or escrow agents as provided herein,
whenever there shall be deposited in trust with one or more trustees or escrow agents, as
provided herein, either moneys or government securities the principal of and interest on which
when due will provide moneys which, together with the moneys, if any, deposited with one or
more trustees or escrow agents, at the same time, shall be sufficient to pay when due the
principal of, premium, if any, and interest due and to become due on...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-190.htm - 5K - Match Info - Similar pages

11-97-9
Section 11-97-9 Bonds of corporation generally. (a) Any corporation shall have the power to
issue, sell and deliver at any time and from time to time its bonds in such principal amount
or amounts as its board shall determine to be necessary to provide sufficient funds for achieving
any of its corporate purposes, including the payment of interest on any of its bonds, the
establishment of reserves to secure any such bonds and all other expenditures of such corporation
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
corporation shall also have the power to issue from time to time bonds to renew bonds and
bonds to pay bonds, including interest thereon and, whenever it deems refunding expedient,
to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or
have not matured, and to issue bonds partly to refund bonds then outstanding and partly for
any other of its corporate purposes. (b) The bonds issued by any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-9.htm - 4K - Match Info - Similar pages

23-1-177
Section 23-1-177 Bonds - Generally. (a) The bonds of the corporation shall be signed by its
president and attested by its secretary, and the seal of the corporation shall be affixed
thereto or printed or otherwise reproduced thereon; provided, that 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 his or her signing the same. (b) 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 such
other provisions not inconsistent with this article, all as may be provided by the resolution
of the board of directors under which such bonds are authorized to be issued; provided, that
no bond of the corporation shall have a specified maturity date...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-177.htm - 6K - Match Info - Similar pages

11-47-222
Section 11-47-222 Bonds of an authority - Sale and issuance of refunding bonds; maturity; limitation
on principal amount; use of proceeds; effectuation of refunding by sale or exchange of bonds.
(a) An authority may at any time and from time to time sell and issue its refunding bonds
for the purpose of refunding the principal of and interest on any then outstanding bonds of
the authority, whether or not the bonds shall have matured or be redeemable at the option
of the authority at the time of the refunding, and for the payment of any expenses incurred
in connection with the refunding and any premium or other sum necessary to be paid to redeem
or retire the bonds to be refunded. No refunding bonds shall be issued unless the present
value of all debt service on the refunding bonds (computed with a discount rate equal to the
true interest rate of the refunding bonds and taking into account all underwriting discount
and other issuance expenses) shall not be greater than 95 percent of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-222.htm - 5K - Match Info - Similar pages

39-7-22
Section 39-7-22 Powers generally; consent of Department of Finance required for issuance or
sale of bonds or other evidence of indebtedness by authority. (a) Subject only to the Constitution
of the State of Alabama, each authority incorporated under this chapter shall have power:
(1) To sue and be sued; (2) To have a seal and alter the same at pleasure; (3) To acquire,
by purchase, gift, devise, lease or exercise of the power of eminent domain or other mode
of acquisition, hold and dispose of property real and personal, tangible and intangible, and
interests therein in its own name, subject to mortgages or other liens or otherwise, and to
pay therefor in cash or on credit and to secure and procure payment of all or any part of
the purchase price thereof on such terms and conditions as it shall determine; (4) To make
and enter into contracts, indentures of trust, leases and bonds; (5) To borrow money and to
issue negotiable bonds and provide for the rights of the holders thereof; (6) To...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-7-22.htm - 4K - Match Info - Similar pages

9-10-38
Section 9-10-38 Security for bonds. (a) At the discretion of the corporation, any bonds issued
under the provisions of this article may be secured by a trust agreement by and between the
corporation and a corporate trustee, which may be any trust company or bank having the powers
of a trust company within or without the state. The trust agreement or the resolution providing
for the issuance of such bonds, subject to the provisions of Section 9-10-35, may pledge or
assign tolls, rentals, sales receipts or other revenues to which the corporation's right then
exists or which may thereafter come into existence and the moneys derived therefrom and the
proceeds of such bonds; provided, however, that the trust agreement or resolution shall not
convey or mortgage any project or any part thereof. (b) Such trust agreement or resolution
providing for the issuance of bonds may contain such provisions for protecting and enforcing
the rights and remedies of the bondholders as may be reasonable and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-10-38.htm - 4K - Match Info - Similar pages

16-13-73
Section 16-13-73 Approval of issue by State Superintendent of Education. Before issuing any
warrants hereunder, the board of education by which such warrants are proposed to be issued
shall cause an application for approval of such issue to be filed with the State Superintendent
of Education. Such application shall be in such form and shall contain such information as
the State Superintendent of Education may prescribe, and he may require such further information
as may be necessary relating to the proposed warrants or other financial or educational matters
under the control of such board of education. He shall not approve the issue of any warrants
hereunder which would jeopardize the state's Foundation Program of education as prescribed
by law and in accordance with the rules and regulations of the State Board of Education. He
shall not approve the issue of any warrants hereunder when the principal of or the interest
on any other warrants constituting a preferred claim against the tax...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-73.htm - 3K - Match Info - Similar pages