22-21-146
Section 22-21-146 Bonds - Legal investment - Banks, insurers and fiduciaries. Bonds
issued under the provisions of this article are hereby made legal investments for savings
banks and insurance companies organized under the laws of the state. Unless otherwise directed
by the court having jurisdiction thereof or 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 conferred by law and with the exercise of
reasonable business prudence, invest trust funds in the bonds of the authority. (Acts 1961,
No. 109, p. 134, §21.)...
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41-9-353
Section 41-9-353 Bonds and other obligations to be exclusively obligations of commission;
bonds and coupons to be negotiable instruments and to constitute legal investments for banks,
insurance companies and fiduciaries; effect of recital as to issuance in resolution authorizing
bonds. All obligations incurred by the commission and all bonds issued by it shall be solely
and exclusively an obligation of the commission and shall not create an obligation or debt
of the State of Alabama or any county or municipality therein. All bonds issued by the commission,
while not registered, shall be construed to be negotiable instruments even though they are
payable from a limited source. All coupons applicable to any bonds issued by the commission,
while the applicable bonds are not registered as to both principal and interest, shall likewise
be construed to be negotiable instruments although payable from a limited source. Such bonds
shall constitute legal investments for savings banks and...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state,
shall execute a compact, in substantially the following form, with the State of Mississippi,
and the Legislature approves and ratifies the compact in the form substantially as follows:
Northeast Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states
solemnly agree: Article I. The purpose of this compact is to promote and develop trade, commerce,
industry, and employment opportunities for the public good and welfare in northeast Mississippi
and northwest Alabama through the establishment of a joint interstate authority to acquire
certain railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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11-57-19
Section 11-57-19 Investment in bonds - By executors, savings banks, insurance companies,
etc. Bonds issued under the provisions of this chapter are hereby made legal investments for
savings banks and insurance companies organized under the laws of the state. Unless otherwise
directed by the court having jurisdiction thereof or 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 conferred by law and with the exercise of
reasonable business prudence, invest trust funds in bonds of the authority. (Acts 1961, No.
895, p. 1407, §21; Acts 1961, Ex. Sess., No. 289, p. 2335, §21.)...
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22-23A-12
Section 22-23A-12 Investment in bonds of authority. The State Treasurer may invest any
idle or surplus moneys of the state in bonds of the authority. The governing body of any county
or municipality is authorized in its discretion to invest any idle or surplus money held in
its treasury in bonds of the authority. Such bonds shall be legal investments for executors,
administrators, trustees and other fiduciaries, unless otherwise directed by the court having
jurisdiction of the fiduciary relation or by the document that is the source of the fiduciary's
authority, and for savings banks and insurance companies organized under the laws of the state.
(Acts 1988, 1st Ex. Sess., No. 88-857, p. 338, §12.)...
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22-34-12
Section 22-34-12 Investment in authority bonds. The State Treasurer may invest any idle
or surplus moneys of the state in bonds of the authority. The governing body of any county
or municipality is authorized in its discretion to invest any idle or surplus money held in
its treasury in bonds of the authority. Such bonds shall be legal investments for executors,
administrators, trustees and other fiduciaries, unless otherwise directed by the court having
jurisdiction of the fiduciary relation or by the document that is the source of the fiduciary's
authority, and for savings banks and insurance companies organized under the laws of the state.
(Acts 1987, No. 87-226, p. 317, §12.)...
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41-9-963
Section 41-9-963 Bonds and obligations solely and exclusively commission's; resolution
recital. (a) All obligations incurred by the commission and all bonds issued by it shall be
solely and exclusively an obligation of the commission and shall not create an obligation
or debt of the State of Alabama or any county or municipality. (b) All bonds issued by the
commission, while not registered, shall be construed to be negotiable instruments even though
they are payable from a limited source. All coupons applicable to any bonds issued by the
commission, while the applicable bonds are not registered as to both principal and interest,
shall likewise be construed to be negotiable instruments although payable from a limited source.
Bonds shall constitute legal investments for savings banks and insurance companies organized
under the laws of the state; and, unless otherwise directed by the court having jurisdiction
or the document that is the source of authority, a trustee, executor,...
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16-65-10
Section 16-65-10 Investment in bonds. The State Treasurer may invest any idle or surplus
moneys of the state in bonds of the authority. The governing body of any county or municipality
is authorized in its discretion to invest any idle or surplus money held in its treasury in
bonds of the authority. Such bonds shall be legal investments for executors, administrators,
trustees, and other fiduciaries, unless otherwise directed by the court having jurisdiction
of the fiduciary relation or by the document that is the source of the fiduciary's authority,
and for savings banks and insurance companies organized under the laws of the state. (Acts
1997, No. 97-388, p. 632, §10.)...
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24-1A-10
Section 24-1A-10 Bonds eligible for investment by state and local governments and by
executors, trustees, etc. The State Treasurer may invest any idle or surplus moneys of the
state in bonds of the authority. The governing body of any county or municipality is authorized
in its discretion to invest any idle or surplus money held in its treasury in bonds of the
authority. Such bonds shall be legal investments for executors, administrators, trustees and
other fiduciaries, unless otherwise directed by the court having jurisdiction of the fiduciary
relation or by the document that is the source of the fiduciary's authority, and for savings
banks and insurance companies organized under the laws of the state. (Acts 1980, No. 80-585,
p. 899, §12.)...
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45-46-90.08
Section 45-46-90.08 Bonds of the authority. (a) All bonds issued by the authority shall
be signed by the chair of its board, or other chief executive officer, and attested by its
secretary, and the seal of the authority shall be affixed thereto, and any interest coupons
applicable to the bonds of the authority shall be signed by the chair of its board, or other
chief executive officer; 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 manually signing the same, a facsimile of the seal of the authority may be printed or
otherwise reproduced on any such bonds in lieu of being manually affixed thereto, and a facsimile
of the signature of the chair of its board, or other chief executive officer, may be printed
or otherwise reproduced on any such interest coupons in lieu of his or her manually signing
the same. (b) Any such bonds may be executed and delivered by the authority at...
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