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11-50A-16
Section 11-50A-16 Bonds as legal investments. The bonds, bond anticipation notes and notes
authorized in this chapter shall be securities in which all public officers and bodies of
this state and all political subdivisions, all insurance companies and associations, and other
persons carrying on an insurance business, all banks, bankers, trust companies, savings banks,
and savings associations, including savings and loan associations, building and loan associations,
investment companies, and other persons carrying on a banking business, all administrators,
guardians, executors, trustees, and other fiduciaries and all other persons whatsoever who
are now or may hereafter be authorized to invest in bonds or other obligations of the state,
may properly and legally invest funds. The bonds, bond anticipation notes and notes shall
also be securities which may be deposited with and shall be received by all public officers
and bodies of this state and all political subdivisions for any purpose...
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41-10-467
Section 41-10-467 Bonds may be used to secure deposit and for investment of fiduciary funds.
The state and all public officers, municipal corporations, political subdivisions, and public
bodies, all banks, bankers, trust companies, savings banks and institutions, building and
loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees
and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging
to them or within their control in any bonds of the authority, and such bonds shall be authorized
security for all public deposits, it being the purpose of this article to authorize any persons,
firms, corporations, associations, political subdivisions, bodies, and officers, public or
private, to use any funds owned or controlled by them, including,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-467.htm - 1K - Match Info - Similar pages
24-1-36
Section 24-1-36 Investment by state, fiduciaries, banks, etc., in bonds, etc., issued by authorities.
Notwithstanding any restrictions on investments contained in any laws of this state, the state
and all public officers, municipal corporations, political subdivisions other than county
and public bodies, all banks, bankers, trust companies, savings banks and institutions, building
and loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations, and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees,
and other fiduciaries may legally invest any sinking funds, moneys, or other funds belonging
to them or within their control in any bonds or other obligations issued by a housing authority
pursuant to this article or issued by any public housing authority or agency in the United
States, when such bonds or other obligations are...
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11-47-231
Section 11-47-231 Bonds as legal investments. The bonds of an authority shall be legal investments
in which the state and its agencies and instrumentalities, all counties, municipalities, and
other political subdivisions of the state and public corporations organized under the laws
thereof, all insurance companies and associations and other persons carrying on an insurance
business, all banks, savings banks, savings and loan associations, trust companies, credit
unions, and investments companies of any kind, all administrators, guardians, executors, trustees
and other fiduciaries, and all other persons whosoever are now or may hereafter be authorized
to invest in bonds or other obligations of the state, may properly and legally invest funds
in their control or belonging to them. (Acts 1996, No. 96-320, p. 361, §13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-231.htm - 1K - Match Info - Similar pages
11-62-11
Section 11-62-11 Investment in bonds and notes by state, counties, municipalities, etc. The
notes and bonds of any authority shall be legal investments in which the state and its agencies
and instrumentalities, all counties, municipalities, and other political subdivisions of the
state and public corporations organized under the laws thereof, all insurance companies and
associations and other persons carrying on an insurance business, all banks, savings banks,
savings and loan associations, trust companies, credit unions, and investment companies of
any kind, all administrators, guardians, executors, trustees, and other fiduciaries and all
other persons whatsoever who are now or may hereafter be authorized to invest in bonds or
other obligations of the state may properly and legally invest funds in their control or belonging
to them. (Acts 1979, No. 79-332, p. 506, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-11.htm - 1K - Match Info - Similar pages
11-89A-20
Section 11-89A-20 Bonds of authority as legal investments. The bonds of any authority shall
be legal investments in which the state and its agencies and instrumentalities, all counties,
municipalities and other political subdivisions of the state and public corporations organized
under the laws thereof, all insurance companies and associations and other persons carrying
on an insurance business, all banks, savings banks, savings and loan associations, trust companies,
credit unions and investment companies of any kind, all administrators, guardians, executors,
trustees and other fiduciaries, and all other persons whosoever are now or may hereafter be
authorized to invest in bonds or other obligations of the state, may properly and legally
invest funds in their control or belonging to them. (Acts 1980, No. 80-278, p. 368, §21.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89A-20.htm - 1K - Match Info - Similar pages
11-97-22
Section 11-97-22 Bonds of corporation as legal investments. The bonds of any corporation shall
be legal investments in which the state and its agencies and instrumentalities, all counties,
municipalities, and other political subdivisions of the state and public corporations organized
under the laws thereof, all insurance companies and associations and other persons carrying
on an insurance business, all banks, savings banks, savings and loan associations, trust companies,
credit unions, and investment companies of any kind, all administrators, guardians, executors,
trustees, and other fiduciaries, and all other persons whatsoever are now or may hereafter
be authorized to invest in bonds or other obligations of the state, may properly and legally
invest funds in their control or belonging to them. (Acts 1984, No. 84-314, p. 695, §22.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-22.htm - 1K - Match Info - Similar pages
2-6-124
Section 2-6-124 Investments. The state and all public officers, municipal corporations, political
subdivisions and public bodies, all banks, bankers, trust companies, savings banks and institutions,
building and loan associations, savings and loan associations, investment companies, and other
persons carrying on a banking business, all insurance companies, insurance associations and
other persons carrying on an insurance business and all executors, administrators, guardians,
trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds
belonging to them or within their control in any bonds of the corporation, and the bonds shall
be authorized security for all public deposits, it being the purpose of this article to authorize
any persons, firms, corporations, associations, political subdivisions, bodies and officers,
public or private, to use any funds owned or controlled by them, including, but not limited
to, sinking, insurance, investment, retirement,...
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24-1A-2
or the state; interest bearing bank and savings and loan association deposits; obligations
of any agency of the United States of America; any obligations in which a state chartered
savings and loan association may invest its funds; any agreement to repurchase any of the
foregoing; or any combination thereof. (3) BOARD OF DIRECTORS. The board of directors of the
authority. (4) BONDS. Bonds or other securities representing an obligation to pay money. (5)
ELIGIBLE HOUSING UNIT. Real and personal properties located in the state constituting
a single family dwelling unit for occupancy by low and moderate income families or a multi-family
dwelling unit for occupancy by any persons and families without restriction as to the income
of such persons or families other than any applicable federal restrictions imposed upon multi-family
dwelling units financed from the proceeds of bonds the interest on which is exempt from federal
income taxes. (6) LOW AND MODERATE INCOME FAMILIES. Persons...
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45-30-250.05
of time specified in its certificate of incorporation. (2) To sue and be sued in its own name
in civil actions, except as otherwise provided in this act, and to defend civil actions against
it. (3) To adopt and make use of a corporate seal and to alter the same at pleasure. (4) To
adopt and alter bylaws for the regulation and conduct of its affairs and business. (5) To
acquire, receive, or take, by purchase, gift, lease, devise, or otherwise, and to hold property
of every description, real, personal, or mixed, whether located in one or more counties
and whether located within or outside the service area. (6) To make, enter into, and execute
contracts, agreements, leases, and other instruments and to take any other actions necessary
or convenient to accomplish any purpose for which the authority was organized or to exercise
any power expressly granted under this section. (7) To plan, establish, develop, acquire,
purchase, lease, construct, reconstruct, enlarge, improve, maintain, equip,...
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