45-41A-40.11
Section 45-41A-40.11 Refunding bonds. (a) Any bonds issued by the 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...
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45-8A-111.11
Section 45-8A-111.11 Refunding bonds. (a) Any bonds issued by the 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...
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11-47-221
Section 11-47-221 Bonds of an authority - Execution and delivery; form and denominations; rate
of interest; redemption; issuance and sale. Bonds of an authority may be executed and delivered
by it at any time, shall be in the form and denominations and of the tenor and maturity or
maturities not exceeding 30 years from their date, shall bear the rate or rates of interest,
which may be fixed or which may float or vary based on some index or other standard deemed
appropriate by the board or pursuant to periodic determinations made by an agent of the authority,
shall be payable and evidenced in the manner, may contain provisions for redemption prior
to maturity, and may contain other provisions not inconsistent with the provisions of this
article, all as may be provided by the resolution of the board authorizing the bonds or by
the indenture whereunder the bonds are authorized to be issued. A bond of any authority having
a specified maturity date more than 10 years after its date shall be...
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11-97-12
Section 11-97-12 Refunding bonds. (a) Any bonds issued or assumed by a corporation 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 such refunding
including, without limitation to, attorneys' fees, costs of printing the refunding bonds,
financial advisors' fees and accountants' fees; provided, that unless such bonds are duly
called for redemption pursuant to provisions contained therein, the...
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2-5A-35
Section 2-5A-35 Refunding bonds. (a) Any bonds issued by the Department of Agriculture and
Industries pursuant to this article may from time to time thereafter be refunded by the issuance
of refunding bonds of the Department of Agriculture and Industries; provided, however, that
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 issuance expenses, shall not be greater
than 97 percent of the present value of all debt service on the bonds to be refunded, computed
using the same discount rate and taking into account the underwriting discount and other issuance
expenses originally applicable to such bonds, determined as if such bonds to be refunded were
paid and retired in accordance with the schedule of maturities, considering mandatory redemption
as a scheduled maturity, provided at the time of...
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14-2-10
Section 14-2-10 Temporary loans in anticipation of issuance of bonds. In anticipation of issuance
of bonds under this chapter, the authority may, from time to time, borrow such sums as may
be needed, not exceeding $1,000,000.00 in aggregate principal amount, for any of the purposes
for which bonds are authorized to be issued under this chapter and in evidence of the moneys
so borrowed may issue its promissory notes. The authorized principal amount of notes that
may be issued under this section shall be reduced to the extent that bonds may be issued under
this chapter. The principal of and the interest on notes so issued may, from time to time,
be refunded by refunding notes or by bonds in anticipation of the issuance of which such notes
were issued. All such notes, whether initial issues or refunding issues, may bear interest
from their dates until their maturities at such rate or rates as may be deemed acceptable
by the board of directors, not to exceed 10 percent per annum, shall...
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11-57-11
Section 11-57-11 Bonds - Authority for issuance; security for payment of principal and interest
generally; form, terms, denominations, etc.; sale, redemption, etc. The authority is empowered
at any time and from time to time to sell and issue its revenue bonds for the purpose of providing
funds to acquire, construct, improve, enlarge, complete and equip one or more projects and
for payment of obligations incurred for any such purpose. The principal of and interest on
any such bonds shall be payable solely out of the revenues derived from the project with respect
to which such bonds were issued. Any bonds of the authority may be delivered by it at any
time and from time to time, shall be in such form and denominations and of such tenor and
maturities, shall bear such rate or rates of interest, payable and evidenced in such manner,
may contain provisions for redemption prior to maturity and may contain other provisions not
inconsistent with this chapter as may be provided by the...
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41-10-93
Section 41-10-93 Authority for issuance of bonds by corporation; liability upon bonds; form,
terms, denominations, etc.; redemption; sale; payment of expenses in connection with authorization,
sale and issuance; bonds to contain recital as to authority for issuance; bonds to be deemed
negotiable instruments. The corporation is authorized at any time and from time to time to
issue its interest-bearing revenue bonds for the purpose of acquiring, constructing, improving,
enlarging, completing and equipping one or more projects. The principal of and interest on
any such bonds shall be payable solely out of the rent, revenues and income derived from the
project with respect to which such bonds are issued. None of the bonds of the corporation
shall ever constitute an obligation or debt of the state, the county or the municipality or
a charge against the credit or taxing power of the state, the county or municipality. The
bonds of the corporation may be in such form and denomination, may be...
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11-58-10
Section 11-58-10 Refunding bonds. Any bonds issued by a corporation organized under this chapter
and at any time outstanding may at any time and from time to time be refunded by the corporation
by the issuance of its refunding bonds in such amount as the board of directors may deem necessary
but not exceeding the principal amount of the bonds to be refunded, any expenses estimated
to be incurred in connection with such refunding and interest (accrued or to accrue) to the
respective maturities of the bonds to be refunded or, if the bonds to be refunded are to be
called for redemption, either on the earliest date on which under their terms they may be
redeemed or some other date or dates, the interest (accrued or to accrue) on the bonds to
be refunded to the date or dates on which they are to be called for redemption plus the amount
of any redemption premium required by their terms to be paid as a condition to their redemption
prior to their respective maturities. Any such refunding may...
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11-20-8
Section 11-20-8 Refunding bonds. Any bonds issued under this article and at any time outstanding
may at any time and from time to time be refunded by a county by the issuance of its refunding
bonds in such amount as the county commission may deem necessary but not exceeding an amount
sufficient to refund the principal of the bonds so to be refunded, together with any unpaid
interest thereon and any premiums and commissions necessary to be paid in connection therewith.
Any such refunding may be effected whether the bonds to be refunded shall have then matured
or shall thereafter mature, either by sale of the refunding bonds and the application of the
proceeds thereof for the payment of the bonds to be refunded thereby or by exchange of the
refunding bonds for the bonds to be refunded thereby; provided, that the holders of any bonds
so to be refunded shall not be compelled without their consent to surrender their bonds for
payment or exchange prior to the date on which they are payable...
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