41-10-44.11
Section 41-10-44.11 Publication of notice; time limitation on actions questioning bonds
or proceedings. Upon the adoption by the board of directors of the authority of any resolution
providing for the issuance of project obligations, the authority may, in its discretion, cause
to be published once a week for two consecutive weeks, in newspapers published or having a
general circulation in the Cities of Birmingham, Montgomery, Huntsville and Mobile, a notice
in substantially the following form (the blanks being properly filled in) at the end of which
shall be printed the name and title of either the president or the secretary of the authority:
"The State Industrial Development Authority, a public corporation under the laws of the
State of Alabama, on the ______ day of ___, authorized the issuance of $___ principal amount
of bonds or other obligations of the said public corporation for purposes authorized in Title
41, Chapter 10, Article 2A. The proceeds from the sale of the said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.11.htm - 2K - Match Info - Similar pages

45-49A-64.09
Section 45-49A-64.09 Bonds of 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. Any such bonds
may be executed and delivered by the authority at any time and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-64.09.htm - 5K - Match Info - Similar pages

11-88-8
Section 11-88-8 Bonds of authority - Form, terms, denominations, etc.; sale; execution
and delivery; refunding; liability thereon; security for payment of principal and interest
and payment thereof generally; provisions in mortgages, deeds of trust or trust indentures
executed as security for payment of bonds generally. All bonds issued by the authority shall
be signed by the chairman 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 chairman of its board or other
chief executive officer; provided, that a facsimile of the signature of one, but not both,
of said officers may be printed or otherwise reproduced on any such bonds in lieu of his 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-8.htm - 5K - Match Info - Similar pages

41-10-468
Section 41-10-468 Use of proceeds from sale of bonds. All proceeds derived from the
sale of any bonds (except refunding bonds) sold by the authority remaining after payment of
the expenses of issuance thereof and the funding of any required reserve or replacement fund
shall be turned over to the State Treasurer, shall be carried by the State Treasurer in a
special account to the credit of the authority, and shall be subject to be drawn on by the
authority solely for the purposes of constructing, renovating, reconstructing, improving,
altering, adding to, demolishing, and equipping one or more public office buildings (including
the State Capitol), surfacing and resurfacing of land for parking and other uses to produce
revenue, and all reasonable and necessary expenses incidental thereto, including interest
which shall accrue on said bonds during the construction, renovation, reconstruction, improvement,
alteration, addition, demolition, and equipping of said buildings, surfacing and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-468.htm - 2K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46-90.08.htm - 5K - Match Info - Similar pages

11-92C-9
Section 11-92C-9 Bonds of authority. (a) Source of payment. All bonds issued by an authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects, or from any other source as may be designated in the proceedings
of the board under which the bonds are authorized to be issued. (b) Pledge of revenues, receipts,
and other security. The principal and interest on any bonds issued by an authority shall be
secured by a pledge of the revenues and receipts out of which the principal and interest may
be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for the bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (c) Resolutions. The resolution under which
the bonds of an authority are authorized to be issued and any mortgage and deed of trust or
trust indenture may contain any agreements and provisions respecting the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-9.htm - 7K - Match Info - Similar pages

22-3A-18
Section 22-3A-18 Investment of proceeds from bond sale; when authorized; application
of income. Prior to the completion of all public health facilities described in Section
22-3A-19, any portion of the principal proceeds derived from the sale of the bonds which the
board of directors may determine is not then needed for any of the purposes for which the
bonds are authorized to be issued shall, on order of the authority, be invested by the State
Treasurer in permitted investments which mature at such time or times as the authority shall
direct. At any time and from time to time on order of the authority, any such investments
may be sold or otherwise converted by the State Treasurer into cash. The income derived from
any such investments shall be applied first for the payment of the costs of providing the
public health facilities described in Section 22-3A-19 and, to the extent not needed
for such purpose, such income may be disbursed on order of the authority for any purpose for
which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-18.htm - 1K - Match Info - Similar pages

11-50-264
Section 11-50-264 Issuance, sale, etc., of bonds and refunding bonds of board; terms,
denominations, taxation, etc., thereof; charge, application, etc., of revenues from system
to payment of indebtedness; vesting of title to system in municipality upon payment of all
indebtedness. (a) Any waterworks board which borrows money under the authority of this division
may evidence the loan by revenue bonds in such form and of such tenor and maturities as may
be agreed upon between the lender and the board. Any such bonds so issued may thereafter from
time to time be refunded by the issuance by sale or exchange of refunding bonds at such times
and in such form and of such tenor and maturities as may be agreed on by the board and the
holders of the bonds so refunded if such refunding is by exchange and as may be determined
by the board if such refunding is by sale of refunding bonds. Such waterworks board may restrict
the source of payment of such bonds and the security given therefor to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-264.htm - 3K - Match Info - Similar pages

11-54-179
Section 11-54-179 Bonds of authority generally. (a) Source of payment. All bonds issued
by an authority shall be payable solely out of the revenues and receipts derived from the
leasing or sale by the board of its projects or of any thereof as may be designated in the
proceedings of the board under which the bonds shall be authorized to be issued. (b) Pledge
of revenues, receipts and other security. The principal of and interest on any bonds issued
by an authority shall be secured by a pledge of the revenues and receipts out of which the
same may be payable and may be secured by a mortgage and deed of trust or trust indenture
conveying as security for such bonds all or any part of the property of the authority from
which the revenues or receipts so pledged may be derived. The resolution under which the bonds
are authorized to be issued and any such mortgage and deed of trust or trust indenture may
contain any agreements and provisions respecting the operation, maintenance and insurance...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-179.htm - 5K - Match Info - Similar pages

11-54-181
Section 11-54-181 Refunding bonds. Any bonds issued by an authority may from time to
time be refunded by the issuance, by sale or exchange, of refunding bonds payable from the
same or different sources for the purpose of paying all or any part of the principal of the
bonds to be refunded, any redemption premium required to be paid as a condition to the redemption
prior to maturity of any such bonds that are to be so redeemed in connection with such refunding,
any accrued and unpaid interest on the bonds to be refunded, any interest to accrue on each
bond to be refunded to the date on which it is to be paid, whether at maturity or by redemption
prior to maturity, and the expenses incurred in connection with refunding; provided, that
unless duly called for redemption pursuant to provisions contained therein, the holders of
any such bonds then outstanding and proposed to be refunded shall not be compelled without
their consent to surrender their outstanding bonds for such refunding. Any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-181.htm - 2K - Match Info - Similar pages