11-89A-10
Section 11-89A-10 Security for payment of bonds; contracts and agreements to secure.
(a) Any bonds issued by the authority shall be revenue bonds and shall be payable solely out
of such revenues of the authority as may be designated in the proceedings of the board under
which they shall be authorized to be issued. Any such proceedings may provide that the bonds
therein authorized shall be payable solely out of the revenues derived from the operation
of any facility or facilities owned by the authority, regardless of the fact that those bonds
may have been issued with respect to or for the benefit of a certain facility or facilities
of the authority. (b) As security for payment of the principal and interest on any bonds issued
or assumed by it, any authority may enter into a contract or contracts, and adopt resolutions
or other proceedings containing provisions constituting a part of the contract or contracts
with the holders of such bonds, pertaining to, among other things, the...
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27-37-1
Section 27-37-1 Assets - Generally. In any determination of the financial condition
of an insurer, there shall be allowed as assets only such assets as are owned by the insurer
and which consist of: (1) Cash in the possession of the insurer or in transit under its control,
and including the true balance of any deposit in a solvent bank or trust company; (2) Investments,
securities, properties, and loans acquired, or held, in accordance with this title and in
connection therewith the following items: a. Interest due or accrued on any bond or evidence
of indebtedness which is not in default and which is not valued on a basis including accrued
interest; b. Declared and unpaid dividends on stock and shares, unless such amount has otherwise
been allowed as an asset; c. Interest due or accrued upon a collateral loan in an amount not
to exceed one year's interest thereon; d. Interest due or accrued on deposits in solvent banks
and trust companies, and interest due or accrued on other assets,...
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33-2-8
Section 33-2-8 General provisions relative to inland waterways improvement bonds and
temporary loans. In order to provide funds for the purposes herein authorized, the Governor
is hereby empowered to execute, with the concurrence of the director of state docks, and to
sell the state's bonds in such amounts, not exceeding in the aggregate the sum of $3,000,000.00
as may be necessary for said purposes, all under and subject to the following provisions:
Said bonds shall be appropriately designated as inland waterways improvement bonds of the
state. The bonds may be issued from time to time in one or more series and the bonds of each
series shall be payable in substantially equal annual installments of principal and interest
at such times as may be designated by the State Docks Department with approval of the Governor;
provided, that the first installment of principal of the bonds of each series must mature
not later than 10 years from the date of such series and the last installment of...
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37-13-13
Section 37-13-13 Bonds of authority - Security. In the discretion of the authority any
bonds may be issued under and secured by an indenture between the authority and a trustee.
Said trustee may be a private person or corporation, including (but not limited to) any trust
company or bank having trust powers, whether such bank or trust company is located within
or without the state. In any such indenture or resolution providing for the issuance of bonds,
the authority may pledge, for payment of the principal of and the interest on such bonds,
any of its revenues to which its right then exists or may thereafter come into existence and
may assign, as security for such payment, any of its leases, franchises, permits and contracts;
and in any such indenture, the authority may mortgage any of its properties, including any
that may be thereafter acquired by it. Any such pledge of revenues shall be valid and binding
from the time it is made, and the revenues so pledged and thereafter received...
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4-3-17
Section 4-3-17 Security for bonds. In the discretion of the authority, any bonds may
be issued under and secured by an indenture between the authority and a trustee. Said trustee
may be a private person or corporation, including but not limited to any trust company or
bank having trust powers, whether such bank or trust company is located within or without
the state. In any such indenture or resolution providing for the issuance of bonds, the authority
may pledge, for payment of the principal of and the interest on such bonds, any of its revenues
to which its right then exists or may thereafter come into existence and may assign as security
for such payment, any of its leases, franchises, permits and contracts; and, in any such indenture
the authority may mortgage any of its properties, including any that may be thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received by the authority...
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45-37A-56.35
Section 45-37A-56.35 Security of bonds. In the discretion of the authority any bonds
may be issued under and secured by an indenture between the authority and a trustee. The trustee
may be a private person or corporation, including, but not limited to, any trust company or
bank having trust powers, whether such bank or trust company is located within or without
the state. In any such indenture or resolution providing for the issuance of bonds the authority
may pledge, for payment of the principal of and the interest on such bonds, any of its revenues
to which its right then exists or may thereafter come into existence and may assign, as security
for such payment, any of its leases, franchises, permits, and contracts; and in any such indenture
the authority may mortgage any of its properties, including any properties thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received by the...
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8-8-5
Section 8-8-5 Maximum rates of interest - Loans, credit sales, etc., of $2,000 or more
to individuals, corporations, trusts, partnerships, or associations. (a) Any person or persons,
corporations, trust, general partnership or partnerships, limited partnership or partnerships,
or association may agree to pay such rate or rates of interest for the loan or forbearance
of money and for any credit sales as such person, corporation, trust, general partnership,
limited partnership, or association may determine, notwithstanding any law of this state otherwise
prescribing or limiting such rate or rates of interest; provided, that the original principal
balance of the loan or forbearance of money or credit sales is not less than $2,000; provided
further, that all laws relating to unconscionability in consumer transactions including but
not limited to the provisions of Chapter 19 of Title 5, known as the Mini-Code, shall apply
to transactions covered by this section. (b) As to any such loan or...
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9-10-5
Section 9-10-5 Powers and duties generally. The corporation organized and established
under this article shall have the following powers, subject only to the limitations described
hereinafter: (1) To adopt bylaws for the regulation of its affairs and the conduct of its
business; (2) To adopt, use and alter a corporate seal which shall be judicially noticed;
(3) To maintain a principal office at a place named in its papers of incorporation and a suboffice
or suboffices at such places as it may deem necessary; (4) To enter into such contracts and
cooperative agreements with federal, state and local governments, with agencies of such governments,
with private individuals, corporations and associations and other organizations to do any
act necessary or incidental to the performance of its duties and execution of its powers under
this article; (5) To sue and be sued in its own name; (6) To enter into agreements with the
United States government or its agencies or political subdivisions...
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11-54B-50
Section 11-54B-50 District management corporation limits, powers, and duties. (a) District
management corporations provided for in this article shall be incorporated under the Alabama
Nonprofit Corporation Act, Chapter 3 of Title 10A, and shall exercise their powers in a manner
consistent with that law. (b) To qualify for designation by ordinance to manage a self-help
business improvement district, the articles of incorporation of a proposed district management
corporation shall provide all of the following: (1) That a board of directors shall manage
the property, business, and affairs of the corporation. (2) The names and addresses of the
initial members of the board of directors. (3) That the initial members of the board shall
be divided into three groups which are as equal in number as is possible, that those groups
will serve for initial terms of one, two, and three years respectively, and that all directors
thereafter elected by the board of directors shall serve for a term of...
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4-3-54
Section 4-3-54 Bonds - Security for payment of principal and interest. In the discretion
of the authority, any bonds may be issued under and secured by an indenture between the authority
and a trustee. Said trustee may be a private person or corporation, including, but not limited
to, any trust company or bank having trust powers, whether such bank or trust company is located
within or without the state. In any such indenture or resolution providing for the issuance
of bonds, the authority may pledge for payment of the principal of and the interest on such
bonds any of its revenues, rents, income or funds to which its right then exists or may thereafter
come into existence and may assign, as security for such payment, any of its leases, franchises,
permits and contracts and, in any such indenture, the authority may mortgage any of its properties,
including any that may be thereafter acquired by it. Any such pledge of revenues shall be
valid and binding from the time it is made, and the...
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