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2-6-84
Section 2-6-84 Securities as legal investments. Securities issued by the corporation under
the provisions of this article shall be legal investments for fiduciaries investing trust
funds and for investments by savings banks, savings and loan associations and insurance companies
organized under the laws of the state and shall be eligible to be used as security for the
deposit of funds of the state and its instrumentalities. (Acts 1984, No. 84-252, p. 405, §15.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-84.htm - 770 bytes - Match Info - Similar pages
23-2-154
Section 23-2-154 Bonds legal investments for all purposes; entitled to be deposited with state
officers or agencies. Bonds issued by the authority under the provisions of this article are
hereby made securities in which the state and all political subdivisions of this state, their
officers, boards, commissioners, departments or other agencies; all banks, bankers, savings
banks, trust companies, savings and loan associations, investment companies and other persons
carrying on a banking business; all insurance companies, insurance associations and other
persons carrying on an insurance business; and all administrators, executors, guardians, trustees
and other fiduciaries; and all other persons whatsoever who now are or may hereafter be authorized
to invest in bonds or other obligations of the state may properly and legally invest any funds,
including capital belonging to them or within their control. The bonds or other securities
or obligations are hereby made securities which properly...
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11-97-22
Section 11-97-22 Bonds of corporation as legal investments. The bonds of any corporation shall
be legal investments in which the state and its agencies and instrumentalities, all counties,
municipalities, and other political subdivisions of the state and public corporations organized
under the laws thereof, all insurance companies and associations and other persons carrying
on an insurance business, all banks, savings banks, savings and loan associations, trust companies,
credit unions, and investment companies of any kind, all administrators, guardians, executors,
trustees, and other fiduciaries, and all other persons whatsoever are now or may hereafter
be authorized to invest in bonds or other obligations of the state, may properly and legally
invest funds in their control or belonging to them. (Acts 1984, No. 84-314, p. 695, §22.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-22.htm - 1K - Match Info - Similar pages
2-6-124
Section 2-6-124 Investments. The state and all public officers, municipal corporations, political
subdivisions and public bodies, all banks, bankers, trust companies, savings banks and institutions,
building and loan associations, savings and loan associations, investment companies, and other
persons carrying on a banking business, all insurance companies, insurance associations and
other persons carrying on an insurance business and all executors, administrators, guardians,
trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds
belonging to them or within their control in any bonds of the corporation, and the bonds shall
be authorized security for all public deposits, it being the purpose of this article to authorize
any persons, firms, corporations, associations, political subdivisions, bodies and officers,
public or private, to use any funds owned or controlled by them, including, but not limited
to, sinking, insurance, investment, retirement,...
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41-10-467
Section 41-10-467 Bonds may be used to secure deposit and for investment of fiduciary funds.
The state and all public officers, municipal corporations, political subdivisions, and public
bodies, all banks, bankers, trust companies, savings banks and institutions, building and
loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees
and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging
to them or within their control in any bonds of the authority, and such bonds shall be authorized
security for all public deposits, it being the purpose of this article to authorize any persons,
firms, corporations, associations, political subdivisions, bodies, and officers, public or
private, to use any funds owned or controlled by them, including,...
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45-27-246.30
Section 45-27-246.30 Trust fund. (a) The Legislature recognizes that there has been a certain
windfall to Escambia County paid during the fiscal year 1983-84 and arising under the oil
and gas severance tax levied under provisions of Section 40-20-2, and distributed under Section
40-20-8. The legislative intent of this section is to establish a trust fund, the corpus of
which is to be composed of four million dollars ($4,000,000) from the oil and gas severance
tax paid to Escambia County during the fiscal year of 1983-84 together with 20 percent of
the annual income thereon each year during the existence of this trust beginning with the
fiscal year 1984-85. (b) Subject to any limitation of the Constitution of Alabama of 1901,
or of any general law of this state, the Escambia County Commission shall establish a trust
fund which shall be entitled the Escambia County Oil and Gas Severance Trust and which shall
hereafter in this section be referred to as the trust. The Escambia County...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27-246.30.htm - 3K - Match Info - Similar pages
39-2-12
Section 39-2-12 Partial and final payments of contractors by awarding authorities. (a) As used
in this section the following words shall have the meanings ascribed to them as follows: (1)
CONTRACTOR. Any natural person, partnership, company, firm, corporation, association, limited
liability company, cooperative, or other legal entity licensed by the Alabama State Licensing
Board for General Contractors. (2) NONRESIDENT CONTRACTOR. A contractor which is neither a.
organized and existing under the laws of the State of Alabama, nor b. maintains its principal
place of business in the State of Alabama. A nonresident contractor which has maintained a
permanent branch office within the State of Alabama for at least five continuous years shall
not thereafter be deemed to be a nonresident contractor so long as the contractor continues
to maintain a branch office within Alabama. (3) RETAINAGE. That money belonging to the contractor
which has been retained by the awarding authority conditioned on...
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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division, 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) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant to
this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which the
payment of debt service referable to bonds, notes, or other evidences of indebtedness of a
development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of the
authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes, or
other evidences of indebtedness of a development agency that are issued solely for the purpose
in financing a project and that are guaranteed, in whole or in part,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-541.htm - 13K - Match Info - Similar pages
11-50A-16
Section 11-50A-16 Bonds as legal investments. The bonds, bond anticipation notes and notes
authorized in this chapter shall be securities in which all public officers and bodies of
this state and all political subdivisions, all insurance companies and associations, and other
persons carrying on an insurance business, all banks, bankers, trust companies, savings banks,
and savings associations, including savings and loan associations, building and loan associations,
investment companies, and other persons carrying on a banking business, all administrators,
guardians, executors, trustees, and other fiduciaries and all other persons whatsoever who
are now or may hereafter be authorized to invest in bonds or other obligations of the state,
may properly and legally invest funds. The bonds, bond anticipation notes and notes shall
also be securities which may be deposited with and shall be received by all public officers
and bodies of this state and all political subdivisions for any purpose...
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11-47-231
Section 11-47-231 Bonds as legal investments. The bonds of an authority shall be legal investments
in which the state and its agencies and instrumentalities, all counties, municipalities, and
other political subdivisions of the state and public corporations organized under the laws
thereof, all insurance companies and associations and other persons carrying on an insurance
business, all banks, savings banks, savings and loan associations, trust companies, credit
unions, and investments companies of any kind, all administrators, guardians, executors, trustees
and other fiduciaries, and all other persons whosoever are now or may hereafter be authorized
to invest in bonds or other obligations of the state, may properly and legally invest funds
in their control or belonging to them. (Acts 1996, No. 96-320, p. 361, §13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-231.htm - 1K - Match Info - Similar pages
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