|
23-7-27
Section 23-7-27 Construction and use of bonds. (a) The bonds issued by the bank are
legal investments in which all public officers or public bodies of the state, its political
subdivisions, all municipalities and political subdivisions, all insurance companies and associations
and other persons carrying on insurance business, all banks, bankers, banking associations,
trust companies, savings banks, savings associations, including savings and loan association
investment companies, and other persons carrying on a banking business, all administrators,
guardians, executors, trustees, and other fiduciaries, and all other persons who are now or
may be authorized in the future to invest in bonds or other obligations of the state, may
invest funds in their control or belonging to them. (b) The bonds of the bank are also securities
which may be deposited with and received by all public officers and bodies of the state or
any agency or political subdivision of the state and all municipalities...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-7-27.htm - 1K - Match Info - Similar pages
9-10-39
Section 9-10-39 Investment in bonds by state, banks, insurance companies, etc.; deposit
of bonds, etc., with state or municipal officers or agencies. Bonds issued by the corporation
under the provisions of this article are hereby made securities in which the state and all
political subdivisions of this state, their officers, boards, commissions, 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-10-39.htm - 1K - Match Info - Similar pages
24-1-36
Section 24-1-36 Investment by state, fiduciaries, banks, etc., in bonds, etc., issued
by authorities. Notwithstanding any restrictions on investments contained in any laws of this
state, the state and all public officers, municipal corporations, political subdivisions other
than county 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 or other obligations issued by a housing
authority pursuant to this article or issued by any public housing authority or agency in
the United States, when such bonds or other obligations are...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-36.htm - 2K - 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,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-124.htm - 1K - Match Info - Similar pages
11-28-5
Section 11-28-5 Warrants to be legal investments for trust funds. Unless otherwise directed
by the court having jurisdiction thereof, or by the document that is the source of authority,
a trustee, executor, administrator, guardian, or one acting in any other fiduciary capacity
may, in addition to any other investment powers, invest trust funds in warrants issued under
the provisions of this chapter. (Acts 1983, 1st Ex. Sess., No. 83-75, p. 78, §5; Acts 1983,
4th Ex. Sess., No. 83-921, p. 192, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-28-5.htm - 814 bytes - Match Info - Similar pages
40-7-95
Section 40-7-95 Warrants to be legal investments for trust funds. Unless otherwise directed
by the court having jurisdiction thereof or by the document that is the source of authority,
a trustee, executor, administrator, guardian, or one acting in any other fiduciary capacity
may, in addition to any other investment powers, invest trust funds in warrants issued under
the provisions of this division. (Acts 1973, No. 1092, p. 1855, §6.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-7-95.htm - 745 bytes - Match Info - Similar pages
11-64-6
Section 11-64-6 Investment status of securities. Securities issued under the authority
of this chapter shall be securities in which the state, the grantee, all counties and political
subdivisions of the state, their officers, boards, departments, or agencies and all banks,
bankers, trust companies, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies and insurance associations and other
persons carrying on an insurance business, all administrators, executors, guardians, trustees,
and other fiduciaries, and all other persons who now are or may hereafter be authorized to
invest in securities issued by a municipality, may properly and legally invest any funds,
including capital belonging to them or within their control. (Acts 1981, No. 81-798, p. 1403,
§6.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-64-6.htm - 1K - Match Info - Similar pages
11-92B-12
Section 11-92B-12 Bonds of the authority. (a) Bonds of an authority shall be signed
by the chair or vice chair and attested to by the secretary or assistant secretary. The seal
of an authority shall be affixed thereto. A facsimile of the signature of the officers may
be printed or otherwise reproduced on any such bonds in lieu of being manually subscribed
thereon, and a facsimile of the seal of an authority may be printed or otherwise produced
on any such bonds in lieu of being manually affixed thereto, provided that the bonds have
been manually authenticated by a transfer agent of the bonds issued. Delivery of the bonds
so executed shall be valid notwithstanding any subsequent changes in officers or in the seal
of an authority. (b) Bonds may be executed and delivered by an authority at any time. The
bonds shall be in such form and denominations and of such tenor and maturities, shall bear
such rate or rates of interest or no interest, shall be payable at such times, and shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92B-12.htm - 4K - Match Info - Similar pages
41-10-141
Section 41-10-141 Powers and duties of authority generally. An authority shall have
the following powers, together with all powers incidental thereto or necessary to the discharge
thereof in corporate form: (1) To have succession by its corporate name for the duration of
time (which may be in perpetuity) specified in its certificate of incorporation; (2) To maintain
civil actions and have civil actions maintained against it in its corporate name, except as
otherwise provided in this article, and to defend civil actions against it; (3) To adopt and
make use of a corporate seal and to alter the same at pleasure; (4) To amend its certificate
of incorporation by filing in the office of the Secretary of State a certificate signed by
all of the directors of the authority setting forth the details of the amendment, such certificate
to be acknowledged in the same manner as the certificate of incorporation; (5) To adopt and
alter bylaws for the regulation and conduct of its affairs and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-141.htm - 5K - Match Info - Similar pages
33-15-6
Section 33-15-6 Powers, duties and functions generally. The general powers, duties and
functions of the authority shall be as follows: (1) GENERAL. The authority: a. Shall have
perpetual succession in its corporate name; b. May bring civil actions and have civil actions
brought against it in its corporate name; c. May adopt, use, and alter a corporate seal, which
shall be judicially noticed; d. May enter into such contracts and cooperative agreements with
federal, state and local governments, with agencies of such governments and with private individuals,
corporations, associations and other organizations, including the Bear Creek Watershed Association,
Inc., whether organized under the laws of Alabama or of another state, as the board may deem
necessary or convenient to enable it to carry out the purposes of this article, which authorization
shall include without limitation contracts and cooperative arrangements with any of the several
states and with counties and municipalities in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-15-6.htm - 9K - Match Info - Similar pages
|