11-61A-15
Section 11-61A-15 Issuance of bonds. (a) The authority may issue bonds under and secured by
an indenture between the authority and a trustee. The trustee may be a private person or corporation,
including, but not limited to, any trust company or bank having trust powers, whether the
bank or trust company is located within or without the state. (b) In any indenture or resolution
providing for the issuance of bonds, the authority may pledge, for payment of the principal
of and the interest on the bonds, any of its revenues to which its right then exists or may
subsequently come into existence and may assign, as security for the payment, any of its leases,
franchises, permits, and contracts. In any such indenture the authority may mortgage any of
its properties, including any properties subsequently acquired by it. Any pledge of revenues
shall be valid and binding from the time it is made, and the revenues pledged and subsequently
received by the authority, and any property of the...
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11-94-12
Section 11-94-12 Bonds of authority - Indenture; lien; remedies of bondholders. In the discretion
of its board, any bonds issued by an authority may be secured by an indenture between an authority
and a trustee, which may be any trust company or bank having trust powers, whether such bank
or trust company is located within or without the state. In any such indenture or resolution
providing for the issuance of bonds an authority may pledge, for payment of the principal
of and the interest on such bonds, any of its revenues to which its right then exists or may
thereafter come into existence and may assign, as security for such payment, any of its leases,
franchises, permits and contracts; and in any such indenture, an authority may mortgage any
of its properties, including any that may be thereafter acquired by it, and may provide that
in the event of a default in payment of the bonds secured thereby or in the event of default
with respect to any agreement contained therein, such...
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23-1-315
Section 23-1-315 Investment of funds; pledge of interest from investments. Any funds held as
the proceeds of obligations issued by the authority under this article and any funds held
by the State Treasurer in the sinking fund provided for the payment of such obligations shall
be invested in obligations of the United States of America or in certificates of deposit secured
by a deposit of obligations of the United States of America to the full amount of such certificates
of deposit, and in investment agreements, repurchase agreements, or other investment arrangements
fully collateralized by any of the foregoing, and the interest to be earned on such investment
of funds may be pledged by the authority to the payment of the principal of and interest on
the obligations issued by the authority under this article. (Acts 1976, No. 565, p. 764, §16;
Act 2014-105, p. 169, §1.)...
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37-13-13
Section 37-13-13 Bonds of authority - Security. In the discretion of the authority any bonds
may be issued under and secured by an indenture between the authority and a trustee. Said
trustee may be a private person or corporation, including (but not limited to) any trust company
or bank having trust powers, whether such bank or trust company is located within or without
the state. In any such indenture or resolution providing for the issuance of bonds, the authority
may pledge, for payment of the principal of and the interest on such bonds, any of its revenues
to which its right then exists or may thereafter come into existence and may assign, as security
for such payment, any of its leases, franchises, permits and contracts; and in any such indenture,
the authority may mortgage any of its properties, including any that may be thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received...
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45-29-90.14
Section 45-29-90.14 Contracts to secure bonds and assumed obligations. As security for payment
of the principal of and interest on bonds issued or obligations assumed by it, the authority
may enter into a contract or contracts binding itself for the proper application of the proceeds
of bonds or other funds, for the continued operation and maintenance of any facilities owned
by it, or any part or parts thereof, for the imposition and collection of reasonable rates
for and the promulgation of reasonable regulations respecting any service furnished from such
facilities, for the disposition and application of its gross revenues or any part thereof,
and for any other act or series of acts not inconsistent with this article for the protection
of the bonds and other obligations being secured and the assurance that the revenues from
such facilities will be sufficient to operate such facilities, maintain the same in good repair
and in good operating condition, pay the principal of and interest...
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45-37A-56.35
Section 45-37A-56.35 Security of bonds. In the discretion of the authority any bonds may be
issued under and secured by an indenture between the authority and a trustee. The trustee
may be a private person or corporation, including, but not limited to, any trust company or
bank having trust powers, whether such bank or trust company is located within or without
the state. In any such indenture or resolution providing for the issuance of bonds the authority
may pledge, for payment of the principal of and the interest on such bonds, any of its revenues
to which its right then exists or may thereafter come into existence and may assign, as security
for such payment, any of its leases, franchises, permits, and contracts; and in any such indenture
the authority may mortgage any of its properties, including any properties thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received by the...
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45-46-90.09
Section 45-46-90.09 Power to contract. As security for payment of the principal of and the
interest on bonds issued or obligations assumed by it, the authority may enter into a contract
or contracts binding itself for the proper application of the proceeds of bonds and other
funds, for the continued operation and maintenance of any industrial or commercial facility,
or port, dock, wharf, or related facilities owned by it, or any part or parts thereof, for
the imposition and collection of reasonable fees, rents, tolls, and other charges for, and
the promulgation of reasonable regulations respecting the use of any such facilities, for
the disposition and application of its gross revenues or any part thereof, and for any other
act or series of acts, not inconsistent with this article for the protection of the bonds
and other obligations being secured and the assurance that the revenues from such facilities
will be sufficient to operate such system, maintain the same in good repair and in...
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41-29-506
Section 41-29-506 Revenues of the authority. For the purpose of providing funds to enable the
authority to pay at their respective maturities the principal of and interest on any bonds
issued by it under the provisions of this article and to accomplish the objects of this article,
there are hereby irrevocably pledged to such purpose and there are hereby appropriated so
much as may be necessary for such purpose of: (a) the residue of the receipts from the tax
levied by Sections 40-25-2 and 40-25-41 after there shall have been taken therefrom the amount
necessary for the purposes specified in Section 40-25-23(1)b.1., as in existence prior to
the effective date of Act 91-635; and (b) any other revenues or receipts dedicated to the
payment of bonds of the authority, issued by it under the provisions of Act 91-635 or any
subsequent authorizing legislation. All moneys hereby appropriated and pledged shall constitute
a sinking fund for the purpose of paying the principal of and the interest...
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33-2-186
Section 33-2-186 Docks facilities revenue bonds and refunding bonds - Nature of; pledge; negotiable
instruments. The docks facilities revenue bonds and refunding bonds shall not be general obligations
of the department but shall be payable solely out of docks facilities revenues. As security
for the payment of the principal of, premium, if any, and interest on the docks facilities
revenue bonds and refunding bonds issued by it under this article, the department is hereby
authorized and empowered to pledge for payment of the said principal, premium, if any, and
interest all or any part of the docks facilities revenues. All contracts made and all docks
facilities revenue bonds and refunding bonds issued by the department pursuant to the provisions
of this article shall be solely and exclusively obligations of the department and shall not
be an obligation or debt of the state. The docks facilities revenue bonds and refunding bonds,
except while registered, shall be construed to be...
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22-3A-12
Section 22-3A-12 Nature of bonds. The bonds shall not be general obligations of the authority
but shall be limited obligations payable solely from one or more specified sources, including,
but not limited to, the revenues and funds appropriated and pledged therefor or authorized
to be pledged therefor in Section 22-3A-16 as security for the payment of the principal of
and the interest and premium (if any) on the bonds issued by it under this chapter. All series
of bonds issued pursuant to this chapter, including refunding bonds, shall be issued on a
parity, without preference or priority between the bonds of any series, with respect to the
security for the payment of the principal of and the interest on such bonds. All bonds issued
by the authority pursuant to the provisions of this chapter shall be solely and exclusively
obligations of the authority and shall not be an obligation or debt of the state. The bonds
shall be construed to be negotiable instruments although payable solely...
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