16-60-94
Section 16-60-94 Revenues of authority. For the purpose of providing funds to enable the authority
to pay at their respective maturities the principal of and interest on all bonds issued by
it under the provisions of this article, and to accomplish the objects of its creation, there
is hereby irrevocably pledged to such purpose and hereby appropriated such amount of money
as may be necessary for said purpose out of the residue of the receipts from the privilege
or excise tax levied by Section 28-3-181, after there shall have been taken from said receipts
the amounts necessary to meet all prior charges thereon, including the amounts specified in
subdivisions (1) and (2) of subsection (c) of Section 28-3-181, said residue constituting
that portion of the receipts from the said tax that is now required by law to be paid into
the Education Trust Fund. The moneys hereby appropriated and pledged shall constitute a sinking
fund for the purpose of paying the principal of and the interest on...
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23-1-159
Section 23-1-159 Bonds - Payments by State Treasurer. Out of the revenues appropriated and
pledged for such purpose, the State Treasurer is authorized and directed to pay the principal
of and interest on the bonds issued by the corporation under the provisions of this article,
as such principal and interest shall respectively mature, and he is further authorized and
directed to set up and maintain appropriate records pertaining thereto. (Acts 1955, 1st Ex.
Sess., No. 43, p. 66, §10.)...
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23-1-179
Section 23-1-179 Bonds - Payments by State Treasurer. Out of the revenues appropriated and
pledged for such purpose, the State Treasurer is authorized and directed to pay the principal
of and interest on the bonds issued by the corporation under the provisions of this article,
as such principal and interest shall respectively mature, and he is further authorized and
directed to set up and maintain appropriate records pertaining thereto. (Acts 1965, No. 228,
p. 327, §10.)...
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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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41-10-30
Section 41-10-30 Pledge and appropriation of certain tax receipts for sinking fund for payment
of principal and interest on bonds. 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 is hereby irrevocably pledged to such purpose and there is hereby appropriated so much
as may be necessary for such purpose of the receipts from the tax levied by Sections 40-25-2
and 40-25-41 and distributed in accordance with subparagraph (1) b. 1. i. of Section 40-25-23.
All moneys hereby appropriated and pledged shall constitute a sinking fund for the purpose
of paying the principal of and the interest on the bonds authorized by this article. (Acts
1965, No. 662, p. 1187, §11.)...
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23-1-314
Section 23-1-314 Bonds and notes - Payment generally. (a) For the purpose of providing funds
to enable the authority to pay at their respective maturities and due dates the principal
of and interest on the obligations that may be issued by it under this article at any time
after March 1, 2014, there hereby is irrevocably pledged and appropriated so much as shall
be necessary for the purpose of the state's share of net gasoline tax proceeds. (b) In addition,
for the purpose of providing funds to enable the authority to pay at their respective maturities
and due dates the principal of and interest on the obligations that may be issued by it under
this article, there hereby is irrevocably pledged and appropriated each year all federal aid
funds for federal aid projects to be received by the State Department of Transportation from
the United States government to the extent that such funds may be required to pay the principal
of and interest on such obligations. All federal aid funds for...
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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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11-95-10
Section 11-95-10 Refunding bonds. Any bonds issued 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 designated revenues 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;
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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45-17-90.52
Section 45-17-90.52 Disposition of funds. Expenditures from the special fund provided for in
Section 45-17-90.51 shall be made exclusively for the purposes of paying principal of, premium,
if any, and interest on securities evidencing obligations incurred for payment for the Shoals
Economic Development Project. All of the proceeds of the taxes herein authorized shall be
specifically pledged by the Colbert County Commission to the payment of principal of, premium,
if any, and interest on the securities, whether such securities are issued by the county or
by a local public corporation. The pledge of the taxes herein authorized for the payment of
the principal of, premium, if any, and interest on securities issued by Colbert County or
a local public corporation, together with any applicable covenants of the county and the local
public corporation relating to such pledge, shall have the force of contract between the county,
the local public corporation, and the holders of the securities....
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11-56-10
Section 11-56-10 Bonds - Authority for issuance; security for payment of principal and interest
generally; form, terms, denominations, etc.; sale, redemption, etc. 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 the interest on any such bonds shall be payable solely out of the revenues
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 powers of the state, the county or the
municipality. Bonds of the corporation may be issued at any time and from time to time, may
be in such form and denominations, may be of such tenor, may be payable in such installments
and at such time or times, not exceeding 40 years from...
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