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11-11A-3
Section 11-11A-3 Issuance of refunding warrants. Any county in the state of Alabama
may from time to time authorize, sell and issue refunding warrants for the purpose of refunding
any outstanding warrants theretofore issued under the provisions of this chapter (whether
or not the principal of the outstanding warrants to be refunded shall have matured at the
time of the issuance of the refunding warrants). Refunding warrants may not, however, be issued
in a principal amount that will result in the principal proceeds to be derived by the issuing
county therefrom exceeding the sum of (a) the outstanding principal of the warrants being
refunded, (b) the interest thereon accrued to the date of issuance of such refunding warrants,
(c) the interest to accrue on such outstanding warrants to their respective maturities or
to the earliest date on which they may, under their terms, be redeemed (whichever is earlier),
(d) any premium necessary to redeem or retire the outstanding warrants being...
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45-5-130
Section 45-5-130 Duties; salary; bond; county commissioners employed as part-time officers.
(a) In addition to all other authority vested in the Blount County Commission, the county
commission shall set the necessary policies and priorities for the construction, maintenance,
and repair of all public roads, county highways, bridges, ferries, and public facilities within
the county, to insure the people a safe and adequate road system based on the county unit
system. Each member of the county commission shall inspect the roads of his or her district
from time to time, and hear the suggestions and complaints of the citizens, and report the
suggestions and complaints to the commission with his or her recommendations; confer with
the county engineer concerning the problems of his or her district; and to assist in securing
rights-of-ways, and assist in public service generally. The county engineer shall provide
the necessary equipment and personnel, in the absence of a county commissioner,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-5-130.htm - 8K - Match Info - Similar pages
22-21-108
Section 22-21-108 Issuance of securities - Execution and delivery; interest; payment;
refunding; status; tax exemption. Securities of the hospital corporation may be executed and
delivered by it at any time, and from time to time, shall be in such form and denomination
and of such tenor and maturities, shall contain such provisions not inconsistent with this
division and shall bear such rate or rates of interest payable and evidenced in such manner
as may be provided by resolution of the directors of the hospital corporation providing for
their issuance. Such securities shall be payable at such place or places, either within or
without the state, as shall be prescribed in the resolution of the directors of the hospital
corporation providing for their issuance. Such securities, and any interest coupons applicable
thereto, shall be executed in such manner and shall be substantially in the form provided
for in the authorizing resolution. Any securities issued by any hospital corporation...
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23-1-175.1
Section 23-1-175.1 Infrastructure improvements. (a) In order to accomplish infrastructure
improvements contemplated for the benefit of the Alabama State Docks, the Alabama Highway
Finance Corporation shall have the following powers, in addition to all powers set forth in
this article. (1) To borrow money and issue its bonds in evidence thereof, in a principal
amount not to exceed one hundred fifty million dollars ($150,000,000), for the purpose of
financing the widening and deepening of the Mobile Ship Channel and improvements related thereto.
No bond issued by the corporation for this purpose shall have a specified maturity date later
than twenty years after its issuance date. (2) To issue from time to time one or more series
of refunding bonds for the purpose of refunding any bonds issued pursuant to subdivision (1)
or bonds previously issued to refund such bonds, in any case, however, having a final maturity
that is not later than the final maturity of the bonds being refunded. (3)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-175.1.htm - 3K - Match Info - Similar pages
23-1-300
Section 23-1-300 Purpose and construction of article. (a) It is the intention of the
Legislature by the passage of this article to authorize the incorporation of the Director
of Finance, the Director of Transportation, the Attorney General, the State Treasurer, and
the Governor of Alabama for the purposes of establishing the program Roads and Bridges to
Alabama's Future and of anticipating and providing for the federal share of the cost of constructing
federal aid projects and thus to accelerate the construction of such federal aid projects
in the state by the issuance of the obligations of such corporation, which shall not be bonds
or debts of the state but shall be payable solely from federal aid highway funds and the tax
proceeds and investment income provided therefor by this article. (b) This article shall be
liberally construed in conformity with the said purpose. (Acts 1976, No. 565, p. 764, §1;
Acts 1981, No. 81-387, p. 574, §1; Acts 1988, No. 88-652, p. 1041, §1; Acts 1992,...
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45-4-130
Section 45-4-130 Appointment; powers and duties; bond. (a) The Bibb County Commission,
or any succeeding county governing body performing the functions of the county governing body
in the county, shall employ a county engineer, who shall be a thoroughly qualified and competent
civil engineer, possessing all of the qualifications as specified for county engineers under
the general laws of the State of Alabama. The engineer shall devote his or her entire time
and attention to the maintenance and construction of the Bibb County public roads, highways,
bridges, and ferries. (b) The county engineer shall be appointed by the county commission
from a nomination made by the State Director of Transportation. If the nomination is not acceptable
to the county commission, the State Director of Transportation shall be requested to make
additional nominations. Should the State Director of Transportation refuse, or fail to make
nominations, the county commission may fill the position of county...
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23-6-7
Section 23-6-7 Corporate powers. The corporation shall have the following powers: (1)
To have succession by its corporate name without time limit; (2) To sue and be sued and to
prosecute and defend, at law or in equity, in any court having jurisdiction of the subject
matter and of the parties; (3) To have and to use a corporate seal and to alter the same at
pleasure; (4) To construct, reconstruct, and relocate industrial access roads and bridges
within the state or to cause the same to be constructed, reconstructed, and relocated; (5)
To receive, take and hold by sale, gift, lease, devise or otherwise, real and personal estate
of every description, and to manage the same; (6) To acquire by purchase, gift, or the exercise
of the power of eminent domain, or any other lawful means, and to transfer, convey or cause
to be conveyed to the state, any real, personal or mixed property necessary or convenient
in connection with the construction, reconstruction, or relocation of industrial access...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-6-7.htm - 2K - Match Info - Similar pages
41-1-9
Section 41-1-9 Issuance of interest bearing securities, etc. In any instance where any
bond, warrant, note, certificate of indebtedness or other securities howsoever designated
is authorized to be issued by the state, or by any county, municipality, board of education,
political subdivision, public instrumentality, public corporation or other public entity howsoever
identified; any such security may bear one or more rates of interest, or no interest, or interest
may be payable through one or more payments which reflect compound interest computed at specified
intervals on accrued but unpaid interest, or through a discount in the sales price for such
security equivalent to compound interest on such security for all or part of the term thereof,
or through any combination of the foregoing methods of providing for the payment of interest,
and any such amounts shall be payable at such time or times as may be provided in the proceedings
authorizing any such security, regardless of the...
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45-36-246
Section 45-36-246 Levy and collection of tax. (a) There is levied from each producer
of coal in Jackson County a privilege or license tax to be known as a severance tax. The rate
of the tax shall be twenty cents ($.20) per ton of coal severed. (b) The tax herein levied
shall be in addition to any state tax heretofore or hereafter imposed on the severance of
coal, but shall be the only severance tax levied by the county on coal. One hundred percent
of the net proceeds from such tax shall be deposited in a special fund known as the Coal Severance
Tax Road Fund. Expenditures from this Coal Severance Tax Road Fund shall be made for the purpose
of repairs, maintenance, and construction of roads and bridges in Jackson County with preference
to be given, when possible, to roads and bridges which have been damaged by coal hauling and
mining activities but with the Jackson County Commission to have sole discretion in determining
and designating upon which roads and bridges such sums shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-246.htm - 3K - Match Info - Similar pages
9-10-36
Section 9-10-36 Issuance of bonds; issuance of notes and renewal notes; redemption of
notes or bonds; liability on notes or bonds; disposition of proceeds from sale of bonds; issuance
of interim receipts, etc. (a) Any such corporation is hereby authorized to provide by resolution
for the issuance of bonds of the corporation for any of its corporate purposes, including
the refunding of its bonds. The principal of and the interest on any issue of such bonds shall
be payable solely from, and may be secured by a pledge of, tolls, rentals, sales receipts
and other revenues of all or any part of the project or projects financed in whole or in part
with the proceeds of such bond issue or with the proceeds of bonds refunded or to be refunded
by such issue. The proceeds of any such bonds may be used or pledged for the payment or security
of the principal or of the interest on bonds and for the establishment of any or all reserves
for such payment or security or for other corporate purposes as...
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