24-1A-10
Section 24-1A-10 Bonds eligible for investment by state and local governments and by executors,
trustees, etc. The State Treasurer may invest any idle or surplus moneys of the state in bonds
of the authority. The governing body of any county or municipality is authorized in its discretion
to invest any idle or surplus money held in its treasury in bonds of the authority. Such bonds
shall be legal investments for executors, administrators, trustees and other fiduciaries,
unless otherwise directed by the court having jurisdiction of the fiduciary relation or by
the document that is the source of the fiduciary's authority, and for savings banks and insurance
companies organized under the laws of the state. (Acts 1980, No. 80-585, p. 899, §12.)...

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27-41-7
Section 27-41-7 Particular investments - Bonds, notes, etc., of United States. An insurer may
invest in bonds, notes, warrants, debentures, and other evidences of indebtedness which are
direct obligations of the United States of America for which the full faith and credit of
the United States of America is pledged for the payment of principal and interest. (Acts 1977,
No. 408, p. 530, §7.)...
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27-41-28
Section 27-41-28 Particular investments - Bonds, etc., guaranteed or insured by United States
under federal law or secured by mortgages on ships, barges, etc. An insurer may invest in
bonds, debentures, notes, or other evidences of indebtedness which are: (1) Guaranteed by
the United States of America, represented by the Secretary of Commerce acting pursuant to
Title 11 of the Merchant Marine Act, 1936, as amended, and the Federal Ship Financing Act
of 1972; (2) Insured by the United States of America, represented by the Secretary of Commerce
acting pursuant to Title 11 of the Merchant Marine Act, 1936, as amended, and the Federal
Ship Mortgage Insurance Act, as amended; provided, that such indebtedness is secured by mortgages
on ships, barges, tugboats, or other shipping vessels; or (3) Secured by mortgages on ships,
barges, tugboats, or other shipping vessels which are under lease or charter to the United
States government or an agency or department of the United States government or...
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41-9-475
Section 41-9-475 Bonds not obligation of state, counties or municipalities. All revenue bonds
issued by the commission shall be solely and exclusively the obligations of the commission
and shall not create an obligation or debt of the state or any county or of any municipality
within the state. (Acts 1975, No. 1137, §6.)...
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11-89-16
Section 11-89-16 Exemption from taxation of district and property, leases, bonds, etc., thereof;
payment of fees, taxes, or costs to probate judge for incorporation, etc. The district, the
property and income of the district, all bonds issued by the district, the income from such
bonds, conveyances by or to the district, and leases, mortgages, and deeds of trust by or
to the district shall be exempt from all taxation in the State of Alabama. The district shall
be exempt from all taxes levied by any county, municipality, or other political subdivision
of the state, including, but without limitation to, license and excise taxes imposed in respect
of the privilege of engaging in any of the activities that a district may engage in. The district
shall not be obligated to pay or allow any fees, taxes, or costs to the judge of probate of
any county in respect of its incorporation, the amendment of its certificate of incorporation,
or the recording of any document. (Acts 1970, Ex. Sess., No....
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41-10-366
Section 41-10-366 Contracts, etc., do not create obligations of state. All contracts made,
obligations incurred and bonds issued by the authority shall be solely and exclusively obligations
of the authority and shall not create obligations or debts of the state. (Acts 1988, No. 88-475,
p. 739, §17.)...
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8-8-7
Section 8-8-7 Maximum rates of interest - Exemption of bonds, notes, etc., of state, instrumentalities,
localities, etc. Any bonds, notes, warrants, other evidences of indebtedness, or securities
issued by the State of Alabama or any department, agency, or instrumentality thereof, by any
not-for-profit public or private corporation at any time organized or created pursuant to
act of the Legislature or executive order of the Governor for the purpose of acting as an
instrumentality of the State of Alabama or otherwise acting in the public interest and by
any board of water and sewer commissioners created under the provisions of Article 10, Chapter
50, Title 11, and authorized to issue bonds under Section 11-50-345 by any municipality, by
any county, by any public corporation heretofore or hereafter organized or created in the
State of Alabama pursuant to authorization, determination, finding, or other action of any
municipality or municipalities or county or counties or the governing...
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11-81-33
Section 11-81-33 Execution of bonds, etc., with engraved or otherwise reproduced facsimile
of signature, seal or other means of authentication, etc. Any bonds, notes or other obligations
for the payment of money heretofore or hereafter authorized to be issued and delivered by
any city or town of this state may be executed with an engraved, imprinted, stamped or otherwise
reproduced facsimile of any signature, seal or other means of authentication, certification
or endorsement required or permitted to be recorded thereon if so authorized by the governing
body of such city or town; provided, that at least one signature required or permitted to
be placed thereon shall be manually subscribed. This section shall not repeal any other law
authorizing the execution of such bonds, notes or other obligations for the payment of money
or interest coupons attached thereto with facsimile signatures or seals. (Acts 1955, No. 94,
p. 340.)...
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11-89-13
Section 11-89-13 Loans, sales, grants, etc., of money, property, etc., to district by counties,
municipalities, public corporations, etc. For the purpose of securing water service, sewer
service, or fire protection service or aiding or cooperating with the district in the planning,
development, undertaking, construction, extension, improvement, operation, or protection of
water systems, sewer systems, and fire protection facilities, any county, municipality, or
other political subdivision, public corporation, agency, or instrumentality of this state
may, upon such terms and with or without consideration, as it may determine: (1) Lend or donate
money to, guarantee all or any part of the indebtedness of, or perform services for the benefit
of the district; (2) Donate, sell, convey, transfer, lease, or grant to the district, without
the necessity of authorization at any election of qualified voters, any property of any kind,
including, but without limitation, any water system, sewer...
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11-89-19
Section 11-89-19 Provisions of chapter as to incorporation of district, acquisition of property,
issuance of bonds, etc., exclusive; jurisdiction over and regulation of district, etc., by
State Board of Health, Public Service Commission, etc. Except as expressly otherwise provided
in this chapter, no proceeding, notice, or approval shall be required for the incorporation
of any district or the amendment of its certificate of incorporation, the acquisition of any
property, water system, sewer system, or fire protection facility or the issuance of any bonds,
mortgage and deed of trust or trust indenture; provided, however, that nothing contained in
this section shall be construed to exempt any district from the jurisdiction of the State
Board of Health. The district, every water system, sewer system, or fire protection facility
of the district and the rates and charges thereof shall be exempt from all jurisdiction of
and all regulation and supervision by the Public Service Commission and...
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