|
11-89-10
Section 11-89-10 Bonds of district - Statutory mortgage lien to secure payment of principal
and interest. Any resolution of the board or trust indenture under which bonds may be issued
pursuant to the provisions of this chapter may contain provisions creating a statutory mortgage
lien, in favor of the holders of such bonds and of the interest coupons applicable thereto,
on the water systems, sewer systems, and fire protection facilities or any thereof (including
any after-acquired property) out of the revenues from which such bonds are made payable. The
said resolution of the board or the said trust indenture may provide for the filing for record
in the office of the judge of probate of each county in which any part of such water systems,
sewer systems, and fire protection facilities or any thereof may be located of a notice containing
a brief description of such systems and facilities or either, a brief description of such
bonds and a declaration that said statutory mortgage lien has...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-10.htm - 1K - Match Info - Similar pages
33-2-189
Section 33-2-189 Docks facilities revenue bonds and refunding bonds - Disposition of
proceeds of docks facilities revenue bonds. The department shall pay out of the proceeds from
the sale of any of the docks facilities revenue bonds all expenses that the director may deem
necessary or advantageous in connection with the sale and issuance of such docks facilities
revenue bonds (including any discount reflected in the purchase price thereof paid to the
department), including fees and disbursements of attorneys, accountants, financial advisors,
consulting engineers, and other consultants, fees and disbursements of trustees and escrow
agents, bond insurance premiums, printing costs, and other customary bond issuance expenses.
Proceeds of any of the docks facilities revenue bonds may also be applied to pay the costs
of any surety bonds or bonds that the department may cause to be deposited in a reserve account
to further secure the payment of principal of, premium, if any, and interest on...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-189.htm - 3K - Match Info - Similar pages
45-37A-54.07
Section 45-37A-54.07 Petition for election in issuance of bonds. If, in the opinion
of the park and recreation board of any such city, the funds available for such purposes be
inadequate to provide ample, appropriate, and suitable grounds, buildings, and equipment for
all the needed parks, park areas, park boulevards, playgrounds, park and playground systems,
recreation centers, and other recreational facilities and activities of such city, the park
and recreation board may petition the governing body of such city to call an election for
the issuance of bonds on the credit of the city in an amount sufficient to provide the necessities
of such city in these respects, subject to the limitations set out in the constitution of
the state, and the governing body of such city shall call or cause to be called the election
at the time requested in the petition. (Acts 1923, No. 529, p. 707, ยง8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-54.07.htm - 1K - Match Info - Similar pages
11-89A-9
Section 11-89A-9 Bonds of authority, generally. (a) Any authority shall have the power
to issue, sell, and deliver at any time and from time to time its bonds in such principal
amount or amounts as its board shall determine to be necessary to provide funds: (1) To finance
the costs of a facility or facilities; (2) To refund bonds theretofore issued or assumed by
the authority; (3) To provide funds to enable it to achieve any of its other corporate purposes;
or (4) To accomplish any one or more of the objectives referred to in subdivisions (1) through
(4). (b) Any such bonds may be executed and delivered by the authority at any time and from
time to time, may be in such form and denominations and of such tenor and maturities, may
be in registered or bearer form either as to principal or interest or both, may be payable
in such installments and at such time or times, not exceeding 45 years from the date thereof,
may be payable at such place or places whether within or without the State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89A-9.htm - 3K - Match Info - Similar pages
11-99A-15
Section 11-99A-15 Issuance of bonds by districts; terms and assessments. (a) A district
may borrow money by the issuance of bonds, which bonds shall be revenue obligations, payable
exclusively out of assessments levied on land within the district, and the bonds shall not
be supported by the full faith and credit of the appointing government. However, the bonds
may be secured by additional revenues, guarantees, pledges, letters of credit, or other credit
enhancements as may be provided by the district, the owner of any property within the district,
or any other person, to the extent provided in the proceedings of the board with respect to
the issuance of the bonds. (b) Bonds of a district shall be signed by its chair and attested
by its secretary, the seal of the district may be affixed thereto, and any interest coupons
applicable to the bonds shall be signed by the chair; provided that: (1) a facsimile of the
signature of the officers may be printed or otherwise reproduced on any bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99A-15.htm - 4K - Match Info - Similar pages
16-18A-5
Section 16-18A-5 Revenue bonds - Issuance; negotiable, forms, terms, etc.; refunding
bonds; security. The authority shall have power and is hereby authorized from time to time
to provide by resolution for the issuance of negotiable revenue bonds for the purpose of paying
all or any part of the cost as herein defined of any of its projects. Such bonds may also
be issued to pay off, refund or refinance any outstanding bonds or other obligation of any
nature owed by the authority, whether or not such revenue bonds or other obligations shall
then be subject to redemption, and the authority may provide for such arrangements as it may
determine for the payment and security of the revenue bonds being issued or for the payment
and security of the revenue bonds or other obligations to be paid off, refunded or refinanced.
The principal, premium, if any, and interest of such revenue bonds shall be payable solely
from the revenues, receipts and earnings to be received by the authority in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18A-5.htm - 5K - Match Info - Similar pages
22-3A-8
Section 22-3A-8 Issuance of bonds. For the purposes of acquiring, constructing, installing
and equipping public health facilities, the authority is hereby authorized to issue and sell
from time to time its bonds, which bonds may be in the form of interest-bearing bonds or noninterest-bearing
bonds. Other than refunding bonds, the aggregate principal amount of bonds issued under this
chapter shall not exceed $45,000,000.00; provided, however, that, if the authority determines
that the total net amount of bond proceeds available to provide funds for paying the costs
of acquiring, constructing, improving, and equipping public health facilities (excluding underwriting
discount, other issuance expenses and 10 percent of the principal amount of such bonds to
be used to capitalize or fund a debt service reserve fund as authorized by Section
22-3A-16(b)), plus the interest income, not exceeding $2,000,000.00, earned on such net amount
of bond proceeds pending expenditure thereof, will be less...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-8.htm - 1K - Match Info - Similar pages
41-10-144
Section 41-10-144 Bonds - Statutory mortgage lien to secure payment of principal and
interest; recording notice. Any resolution of the board or trust indenture under which bonds
may be issued pursuant to the provisions of this article may contain provisions creating a
statutory mortgage lien in favor of the holders of such bonds and of the interest coupons
applicable thereto on the property and facilities, or any part thereof (including any after-acquired
property) out of the revenues from which such bonds are made payable. The said resolution
of the board or the said trust indenture may provide for the filing for record in the office
of the judge of probate of each county in which any property and facilities, or any part thereof,
may be located of a notice containing a brief description of such bonds and a declaration
that the said statutory mortgage lien has been created for the benefit of the holders of such
bonds and the interest coupons applicable thereto upon such property and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-144.htm - 1K - Match Info - Similar pages
41-10-273
Section 41-10-273 Security for bonds; collection and application of revenues pledged
to payment of bonds; terms of leases of judicial facilities; maintenance and insurance of
judicial facilities; reserve and other funds; rights of holders of bonds upon default. Any
resolution of the board of directors authorizing the issuance of bonds may contain any provision
or agreement customarily contained in instruments securing evidences of indebtedness, including,
without limiting the generality of the foregoing, a pledge, transfer or assignment of any
leases of any judicial facilities out of the revenues from which such bonds are payable and
a pledge of such revenues. Any such resolution may also contain provisions respecting the
collection and application of any revenues pledged to the payment of the authority's bonds,
the terms to be incorporated in lease agreements respecting judicial facilities out of the
revenues from which such bonds are payable, the maintenance of and insurance on such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-273.htm - 2K - 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-10-36.htm - 5K - Match Info - Similar pages
|