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24-1A-7
Section 24-1A-7 Proceeds from sale of bonds; use; issuance procedures; distribution
percentages; allocation of proceeds available for single family mortgage loans. (a) 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, including costs and expenses of issue. Such
costs and expenses may include but shall not be limited to: (1) The fiscal, legal and other
expenses incurred in connection with the issuance of the bonds; and (2) Except in the case
of refunding bonds, interest to accrue on such bonds for a period ending not later than two
years from their date. (b) Bonds shall be issued in series, each of which shall be separately
designated in the proceedings authorizing their issuance. The board of directors in the proceedings
authorizing a series of bonds (other than refunding bonds) shall specify the purposes for
which the proceeds of such series shall be used. The proceeds of a series...
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41-10-308
Section 41-10-308 Temporary loans in anticipation of issuance of bonds. In anticipation
of issuance of bonds under this article, the authority may, from time to time, borrow such
sums as may be needed for any of the purposes for which bonds are authorized to be issued
under this article, and in evidence of the moneys so borrowed may issue its promissory notes.
The principal of and the interest on notes so issued may, from time to time, be refunded by
refunding notes or by bonds in anticipation of the issuance of which such notes were issued.
All such notes, whether initial issues or refunding issues, may bear interest from their dates
until their maturities at such rate or rates as may be deemed acceptable by the board of directors,
not to exceed 15 percent per annum, shall mature within three years from their date, and the
principal thereof, premium, if any, and interest thereon shall be payable solely from the
proceeds of the refunding notes issued to refund any such notes...
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41-10-498
Section 41-10-498 Temporary loans in anticipation of issuance of bonds. In anticipation
of issuance of bonds under this article, the authority may, from time to time, borrow such
sums as may be needed for any of the purposes for which bonds are authorized to be issued
under this article, and in evidence of the moneys so borrowed by issue of its promissory notes.
The principal of and the interest on notes so issued may, from time to time, be refunded by
refunding notes or by bonds in anticipation of the issuance of which such notes were issued.
All such notes, whether initial issues or refunding issues, may bear interest from their dates
until their maturities at such rate or rates as may be deemed acceptable by the board of directors,
not to exceed 15 percent per annum, shall mature within three years from their date, and the
principal thereof, premium, if any, and interest thereon shall be payable solely from the
proceeds of the refunding notes issued to refund any such notes...
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11-85-107
Section 11-85-107 Bonds - Authentication; redemption; sale; refunding; use of proceeds;
security; investment of funds. The bonds of the authority shall be signed by its president
and attested by its secretary and the seal of the authority shall be affixed thereto or a
facsimile of such seal shall be printed or otherwise reproduced thereon; provided, that a
facsimile of the signature of one, but not both, of said officers may be printed or otherwise
reproduced on any such bonds in lieu of being manually subscribed thereon and a facsimile
of the signatures of both of the officers may be printed or otherwise reproduced on such bonds
in lieu of being manually affixed thereof if the authority, in its proceedings with respect
to issuance of the bonds, provides for manual authentication of such bonds. The State Treasurer
shall be registrar, transfer agent, and paying agent for the bonds. The State Treasurer may
designate named individuals who are employees of the state and who are assigned to...
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14-2-10
Section 14-2-10 Temporary loans in anticipation of issuance of bonds. In anticipation
of issuance of bonds under this chapter, the authority may, from time to time, borrow such
sums as may be needed, not exceeding $1,000,000.00 in aggregate principal amount, for any
of the purposes for which bonds are authorized to be issued under this chapter and in evidence
of the moneys so borrowed may issue its promissory notes. The authorized principal amount
of notes that may be issued under this section shall be reduced to the extent that
bonds may be issued under this chapter. The principal of and the interest on notes so issued
may, from time to time, be refunded by refunding notes or by bonds in anticipation of the
issuance of which such notes were issued. All such notes, whether initial issues or refunding
issues, may bear interest from their dates until their maturities at such rate or rates as
may be deemed acceptable by the board of directors, not to exceed 10 percent per annum, shall...
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22-29-11
Section 22-29-11 Temporary financing. In anticipation of the issuance of bonds, the
authority may borrow such sums as may be needed, not exceeding $500,000.00 to be outstanding
at any one time, for any of the purposes enumerated in this chapter and to obligate itself
by certificate or promissory note, bearing interest at a rate or rates to be specified by
the authority, and maturing within 18 months from date. Such certificates or promissory notes
shall be payable solely from the proceeds of the bonds of the authority and from the funds
from which such bonds are payable. In the event that state funds are not available for a state
grant for a project when application is made, in order to accelerate the completion of any
project, the local public body may, with the approval of the authority, obligate such local
public body to provide local funds to pay that portion of the cost of the project which the
state will make available by grant, and the state shall refund the amount expended on...
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11-62-9
Section 11-62-9 Bonds and notes generally - Notice of resolution authorizing issuance
of bonds or notes; limitation period for actions, etc., as to validity of proceedings for
issuance of bonds. (a) Upon the adoption by the board of any authority of any resolution providing
for the issuance of bonds or notes, such authority may, in the discretion of its board, cause
a notice respecting the issuance of such bonds or notes to be published once a week for two
consecutive weeks in each county in which shall be located any facility financed or in any
way assisted by the issuance of such bonds or notes, such publication in each such county
to be in a newspaper having general circulation therein. Such notice shall be in substantially
the following form (the blanks being properly filled in) at the end of which shall be printed
the name and title of either the chairman or secretary of such authority: "_____ a public
corporation and instrumentality of the State of Alabama, on the _____ day...
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22-23B-2
Section 22-23B-2 Definitions. The following words and phrases, whenever used in this
chapter, shall have the following respective meanings unless the context clearly indicates
otherwise: AUTHORITY. The corporation organized pursuant to the provisions of this chapter
as a public corporation, agency and instrumentality of the state and known as the "Alabama
Drinking Water Finance Authority." AUTHORIZING RESOLUTION. A resolution, order or other
proceedings adopted by the board of directors of the authority authorizing the issuance of
bonds, agreements and related matters. BOARD OF DIRECTORS. The board of directors of the authority.
BOND PROCEEDS. The net proceeds of sale of bonds or notes, and the income derived from the
investment of such proceeds. BONDS. The bonds, notes or obligations or other evidences of
indebtedness issued by the authority under the provisions of this chapter. DEPARTMENT. The
Alabama Department of Environmental Management or any successor. FEDERAL ACT. The Act of...
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32-13-3
Section 32-13-3 Authority to sell; notice; bill of sale; records; voiding of sale; title.
(a) A person, as defined in Section 40-12-240, in possession of a motor vehicle that
is considered an abandoned motor vehicle may sell the motor vehicle at a public auction. (b)(1)
Notice of the date, time, and place of the sale and a description of the motor vehicle to
be sold, including the year, make, model, and vehicle identification number, shall be given
by publication once a week for two successive weeks in a newspaper of general circulation
in the county in which the sale is to be held, provided the vehicle is currently registered
in the county. In counties in which no newspaper is published, notice shall be given by posting
such notice in a conspicuous place at the courthouse. The first publication or posting, as
the case may be, shall be at least 30 days before the date of sale. A person selling a motor
vehicle at public auction under subsection (a) shall give notice of the public...
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41-10-44.11
Section 41-10-44.11 Publication of notice; time limitation on actions questioning bonds
or proceedings. Upon the adoption by the board of directors of the authority of any resolution
providing for the issuance of project obligations, the authority may, in its discretion, cause
to be published once a week for two consecutive weeks, in newspapers published or having a
general circulation in the Cities of Birmingham, Montgomery, Huntsville and Mobile, a notice
in substantially the following form (the blanks being properly filled in) at the end of which
shall be printed the name and title of either the president or the secretary of the authority:
"The State Industrial Development Authority, a public corporation under the laws of the
State of Alabama, on the ______ day of ___, authorized the issuance of $___ principal amount
of bonds or other obligations of the said public corporation for purposes authorized in Title
41, Chapter 10, Article 2A. The proceeds from the sale of the said...
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