22-21-142
Section 22-21-142 Bonds - Refunding. The authority may at any time and from time to
time sell and issue its refunding revenue bonds for the purpose of refunding the principal
of, and interest on, any matured or unmatured bonds of the authority at the time outstanding
and for the payment of any expenses incurred in connection with such refunding and any premium
necessary to be paid to redeem or retire the bonds so to be refunded; provided, that the principal
amount of bonds the authority may issue for refunding purposes may not exceed the sum of the
following: the principal amount of the bonds refunded thereby, the interest to mature thereon
from the immediately preceding interest payment date to their respective maturities (or, in
the event the bonds to be refunded, or any part thereof, are to be retired prior to their
respective maturities, the interest to mature thereon from the immediately preceding interest
payment date until the date or dates on which they are to be retired), any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-142.htm - 3K - Match Info - Similar pages

22-21-321
Section 22-21-321 Refunding securities. (a) An authority may at any time and from time
to time sell and issue its refunding securities for the purpose of refunding the principal
of and interest on any then outstanding securities of the authority, whether or not such securities
shall have matured or be redeemable at the option of the authority at the time of such refunding,
and for the payment of any expenses incurred in connection with such refunding and any premium
or other sum necessary to be paid to redeem or retire the securities so to be refunded; provided
however, that the principal amount of securities that the authority may at any time issue
for refunding purposes shall not exceed the sum of the following: (1) The outstanding principal
or face amount of the securities refunded thereby; (2) The unpaid interest accrued or to accrue
thereon to their respective maturities (or, in the event the securities to be refunded, or
any part thereof, are to be retired prior to their...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-321.htm - 3K - 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...
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11-101A-12
Section 11-101A-12 Refunding securities; limitations. (a) An authority may at any time,
and from time to time, sell and issue its refunding securities for the purpose of refunding
the principal of and interest on any then outstanding securities of the authority, whether
or not the securities 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 securities
so to be refunded. The principal amount of securities that the authority may at any time issue
for refunding purposes shall not exceed the sum of the following: (1) The outstanding principal
or face amount of the securities refunded thereby. (2) The unpaid interest accrued or to accrue
thereon to their respective maturities, or, in the event the securities to be refunded, or
any part thereof, are to be retired prior to their respective...
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11-57-17
Section 11-57-17 Refunding bonds. The authority may at any time and from time to time
sell and issue its refunding revenue bonds for the purpose of refunding the principal of and
interest on any matured or unmatured bonds of the authority at the time outstanding and for
the payment of any expenses incurred in connection with such refunding and any premium necessary
to be paid to redeem or retire the bonds so to be refunded. Any such refunding may be effected
either by sale of refunding bonds and the application of the proceeds thereof to payment,
redemption or retirement of the bonds to be refunded thereby, by exchange of the refunding
bonds for the bonds or interest coupons to be refunded thereby or by any combination thereof;
provided, that the holders of any bonds or coupons so to be refunded shall not be compelled
without their consent to surrender their bonds or coupons for payment or exchange prior to
the date on which they may be paid or redeemed by the authority under their...
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11-94-14
Section 11-94-14 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 interest coupons to be refunded thereby; provided
that the holders of any bonds or coupons so to be refunded shall not be compelled...
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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...
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4-3-56
Section 4-3-56 Refunding bonds. The authority may at any time and from time to time
issue refunding bonds for the purpose of refunding or providing funds to pay the principal
of and the interest on any bonds of the authority theretofore issued under this article and
then outstanding, whether or not such principal or 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-56.htm - 2K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-56.37.htm - 2K - Match Info - Similar pages