Code of Alabama

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16-17-13
Section 16-17-13 Proceeds from sale of bonds. All moneys derived from the sale of any bonds
issued by the authority shall be used solely for the purpose or purposes for which the same
are authorized and any costs and expenses incidental thereto. Such costs and expenses may
include but shall not be limited to: (1) The engineering, legal, architectural, fiscal and
other expenses incurred in connection with the issuance of the bonds; (2) In the case of bonds
issued to pay costs of construction, interest on such bonds (or, if a part only of any series
of bonds is issued for construction purposes, interest on that portion of the bonds of that
series that is issued to pay construction costs) prior to and during such construction and
for not exceeding one year after completion of such construction; and (3) In the case of bonds
issued for the purpose of refunding principal and interest, or either, with respect to bonds
issued or obligations assumed by the authority, any premium that it may be...
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16-18-14
Section 16-18-14 Proceeds from sale of bonds. All moneys derived from the sale of any bonds
issued by the authority shall be used solely for the purpose or purposes for which the same
are authorized and any costs and expenses incidental thereto. Such costs and expenses may
include but shall not be limited to: (1) The engineering, legal, architectural, fiscal and
other expenses incurred in connection with the issuance of the bonds; (2) In the case of bonds
issued to pay costs of construction, interest on such bonds (or, if a part only of any series
of bonds is issued for construction purposes, interest on that portion of the bonds of that
series that is issued to pay construction costs) prior to and during such construction and
for not exceeding one year after completion of such construction; and (3) In the case of bonds
issued for the purpose of refunding principal and interest, or either, with respect to bonds
issued or obligations assumed by the authority, any premium that it may be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18-14.htm - 1K - Match Info - Similar pages

16-18A-8
Section 16-18A-8 Use of proceeds from sale. All moneys derived from the sale of any bonds issued
by the authority shall be used solely for the purpose or purposes for which the same are authorized
and any costs and expenses incidental thereto. Such costs and expenses may include, but shall
not be limited to: (1) The fiscal, engineering, legal and other expenses incurred in connection
with the issuance and sale of the bonds; (2) In the case of bonds issued to pay costs of the
authority, interest on such bonds (or, if a part only of bonds of any series is issued for
construction purposes, interest on that portion of the bonds of that series that is issued
to pay construction costs) prior to and during such construction; and (3) In the case of bonds
issued for the purpose of refunding principal and interest or either with respect to bonds
issued or obligations assumed by the authority, any premium that it may be necessary to pay
in order to redeem or retire the bonds or other obligations...
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22-21-323
Section 22-21-323 Source of payment; security. (a) Securities issued by an authority shall
not be general obligations of the authority but shall be payable solely out of the revenues
from any health care facilities or other properties or assets (including, without limitation,
proceeds from such securities, investment income and insurance and condemnation proceeds)
owned or operated by it and the proceeds of any hospital tax appropriated, apportioned or
allocated to it or for its benefit, or any portion of either thereof, all as may be provided
or specified in the resolution of the board authorizing such securities or the indenture under
which issued. The principal of and interest (and premium, if any) on any securities issued
by the authority shall be secured by a pledge of the revenues or taxes (or both) out of which
the same are payable and may be secured by a trust indenture evidencing such pledge or by
a foreclosable mortgage, mortgage indenture or mortgage and trust indenture...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-323.htm - 4K - Match Info - Similar pages

45-29-90.16
Section 45-29-90.16 Disposition of funds. All moneys derived from the sale of any bonds issued
by the authority shall be used solely for the purpose or purposes for which the same are authorized
and any costs and expenses incidental thereto. Such costs and expenses may include, but shall
not be limited to: (1) The fiscal, engineering, legal, and other expenses incurred in connection
with the issuance of the bonds. (2) In the case of bonds issued to pay costs of construction,
interest on such bonds, or if a part only of any series of bonds is issued for construction
purposes, interest on that portion of the bonds of that series that is issued to pay construction
costs, prior to and during such construction and for not exceeding one year after completion
of such construction. (3) In the case of bonds issued for the purpose of refunding principal
and interest, or either, with respect to bonds issued or obligations assumed by the authority,
any premium that it may be necessary to pay in...
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9-6-12
Section 9-6-12 Bonds - Use of proceeds from sale. All moneys derived from the sale of any bonds
issued by the authority shall be used solely for the purpose or purposes for which the same
are authorized and any costs and expenses incidental thereto. Such costs and expenses may
include, but shall not be limited to: (1) The fiscal, engineering, legal and other expenses
incurred in connection with the issuance and sale of the bonds; (2) In the case of bonds issued
to pay costs of construction, interest on such bonds (or, if a part only of bonds of any series
is issued for construction purposes, interest on that portion of the bonds of that series
that is issued to pay construction costs) prior to and during such construction; and (3) In
the case of bonds issued for the purpose of refunding principal and interest or either with
respect to bonds issued or obligations assumed by the authority, any premium that it may be
necessary to pay in order to redeem or retire the bonds or other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-6-12.htm - 1K - Match Info - Similar pages

11-101A-14
Section 11-101A-14 Securities payable out of revenues from projects, properties, etc., indenture
may contain agreements; liens. (a) Securities issued by an authority shall not be general
obligations of the authority but shall be payable solely out of the revenues from any project
or other properties or assets, including, without limitation, proceeds from the securities,
investment income and insurance, and condemnation proceeds, owned by it, all as may be provided
or specified in the resolution of the board authorizing the securities or the indenture under
which issued. The principal of and interest, and premium, if any, on any securities issued
by the authority shall be secured by a pledge of the revenues out of which the same are payable
and may be secured by an indenture conveying as security for the securities all or any part
of its property, which indenture may be subject to foreclosure. (b) Any indenture executed
on behalf of the authority and any resolution of the board...
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11-20-5
Section 11-20-5 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc.; applicability of usury, etc., laws. All bonds issued by a county under authority of
this article shall be limited obligations of the county, the principal of and interest on
which shall be payable solely out of the revenues derived from the leasing of the project
to finance which the bonds are issued. Bonds and interest coupons issued under authority of
this article shall never constitute an indebtedness of the county within the meaning of any
state constitutional provision or statutory limitation and shall never constitute nor give
rise to a pecuniary liability of the county or a charge against its general credit or taxing
powers, and such fact shall be plainly stated on the face of each such bond. Such bonds may
be executed and delivered at any time and from time to time, may be in such form and denominations,
may be of such tenor, may be in registered or bearer form either as to...
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11-54-24
Section 11-54-24 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc. All bonds issued by a municipality under authority of this article shall be limited obligations
of the municipality, the principal of and interest on which shall be payable solely out of
the revenues derived from the leasing of the project to finance which the bonds are issued.
Bonds and interest coupons issued under authority of this article shall never constitute an
indebtedness of the municipality within the meaning of any state constitutional provision
or statutory limitation and shall never constitute nor give rise to a pecuniary liability
of the municipality or a charge against its general credit or taxing powers, and such fact
shall be plainly stated in the face of each such bond. Such bonds may be executed and delivered
at any time and from time to time, may be in such form and denominations, may be of such tenor,
may be in registered or bearer form either as to principal or...
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11-55-3
Section 11-55-3 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc. All bonds issued by a municipality under authority of this chapter shall be limited obligations
of the municipality, the principal of and interest on which shall be payable solely out of
the revenues derived from the leasing of the project to finance which the bonds are issued.
Bonds and interest coupons issued under authority of this chapter shall never constitute an
indebtedness of the municipality within the meaning of any state constitutional provisions
or statutory limitation and shall never constitute nor give rise to a pecuniary liability
of the municipality or a charge against its general credit or taxing powers, and such fact
shall be plainly stated in the face of each such bond. Such bonds may be executed and delivered
at any time and from time to time, may be in such form and denominations, may be of such tenor,
may be in registered or bearer form either as to principal or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-55-3.htm - 2K - Match Info - Similar pages

191 through 200 of 2,633 similar documents, best matches first.
<<previous   Page: 16 17 18 19 20