9-6-11
Section 9-6-11 Bonds - Creation of statutory mortgage lien. 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 equipment, facilities, apparatus
and systems 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 of record in the office of the judge of probate of each
county in which any part of such equipment, facilities, apparatus and systems or any part
thereof may be located of a notice containing a brief description of such bonds and a declaration
that said statutory mortgage lien has been created for the benefit of the holders of such
bonds and the interest coupons applicable thereto upon such equipment,...
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11-99A-14
Section 11-99A-14 Payment of assessments. (a) Each assessment shall constitute a lien
on the property assessed in the amount of the assessment with respect to that parcel of land,
as provided in the final assessment, forecloseable as provided in this chapter. The assessment
shall be payable either within 30 days after the final assessment or over such term as may
be determined by the board. If the assessment is to be paid over a term, the assessment shall
accrue interest and be payable periodically, monthly, quarterly, semiannually, annually, or
as otherwise provided by the board, with interest at a rate as may be considered reasonable
by the board. In particular, the assessment may bear interest at the same rate or yield borne
by the bonds issued to obtain funds to acquire, construct, or install the improvements, but
interest may be at a higher rate in the discretion of the board. Once the amount of a final
assessment allocated with respect to a tract is paid in full, with all...
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14-2-31
Section 14-2-31 Special funds. In the resolution or proceedings authorizing the issuance
of any bonds, any temporary loans or in any indenture of trust, the authority may provide
for the establishment of one or more special funds for the payment of the principal of, or
interest on, the bonds, certificates or notes, one or more reserve funds therefor and a fund,
or funds, for the payment of insurance premiums or other expenses with respect to the ownership
and leasing of the facilities or for the expense of selling and leasing the Kilby property.
Any such special funds shall be held as trust funds by the State Treasurer separate and apart
from all other moneys. The State Treasurer is authorized and directed to pay, solely from
the special fund, or funds, provided therefor, the principal of and interest on all bonds
issued under this chapter as such principal and interest respectively mature and come due
and the redemption price of any bonds called prior to maturity. He shall establish...
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16-17-12
Section 16-17-12 Statutory mortgage lien. 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 ancillary improvements 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 part of such ancillary improvements
may be located of a notice containing a brief description of such ancillary improvements and
of the land relating thereto, a brief description of such bonds and a declaration that the
said statutory mortgage lien has been created upon such ancillary improvements (and upon such
land as shall be made subject to the lien) for the benefit of...
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16-18-13
Section 16-18-13 Statutory mortgage lien. 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 ancillary improvements 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 part of such ancillary improvements
may be located of a notice containing a brief description of such ancillary improvements and
of the land relating thereto, a brief description of such bonds, and a declaration that the
said statutory mortgage lien has been created upon such ancillary improvements (and upon such
land as shall be made subject to the lien) for the benefit of...
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22-37A-3
Section 22-37A-3 Scope of chapter; functions of board. (a) With regard to facilities,
the scope of this chapter shall not exceed the requirements of Title IV of the Federal Toxic
Substances Control Act. (b) The board may develop a statewide program to identify and reduce
the threat to human health posed by exposure to lead. In furtherance of this purpose, the
board may perform each of the following functions: (1) Conduct and supervise development programs
and studies to determine the source, effect, and hazards of lead. (2) Conduct research or
participate in research within the state. (3) Collect and disseminate information. (4) Make
contracts and execute instruments that are necessary or convenient to the exercise of its
powers or the performance of its duties under this chapter. (5) Encourage voluntary cooperation
by persons or affected groups to achieve the purposes of this chapter. (6) Assist persons
in evaluating existing or potential health hazards from lead, including, but not...
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41-10-316
Section 41-10-316 Disposition of proceeds of bonds. (a) All proceeds derived from the
sale of any bonds, except refunding bonds, sold by the authority, remaining after payment
of the expenses of issuance thereof, shall be held by the authority and used solely for the
purposes of: (1) Acquiring land for and constructing, reconstructing and equipping thereon
one or more facilities; (2) Paying all reasonable and necessary expenses incidental thereto,
including filing, recording, surveying, legal and engineering fees and expenses; (3) Paying
the interest which will accrue on the said bonds during the period required for the construction
and equipment of the said facilities and for a period not exceeding six months after the completion
thereof; and (4) Paying the principal of and interest on all then outstanding notes theretofore
issued by the authority pursuant to the provisions hereof. The balance of the said proceeds
thereafter remaining shall be set aside as additional security for the...
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41-10-60
Section 41-10-60 Disposition of proceeds from sale of bonds and refunding bonds. (a)
The authority shall pay out of the proceeds from the sale of any of the bonds all expenses,
including fees of agents and attorneys and other charges, which said board of directors may
deem necessary or advantageous in connection with the issuance of the bonds. The proceeds
of the bonds, other than refunding bonds, remaining after paying the expenses of their issuance
shall be turned over to the State Treasurer and shall be carried by him in a special account
to the credit of the authority and shall be subject to be drawn on by the authority solely
for the purposes of acquiring real estate suitable for the purpose of the authority in Jefferson
County, Alabama, including all expenses reasonably necessary in connection with such acquisition,
and erecting, constructing and equipping on such real estate exhibition halls, buildings,
warehouses, storage facilities, parking areas and other structures and...
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9-10A-15
Section 9-10A-15 Issuance of bonds. Bonds authorized by Section 9-10A-14 shall
not be issued until proposed by order or resolution of the board of directors of the watershed
management authority specifying the purpose for which the funds are to be used and the proposed
undertaking, the amount of bonds to be issued and the rate of interest they are to bear and
are approved by the Director of the state Department of Finance. An authority, with such approval,
shall have power and is authorized from time to time to issue its negotiable bonds. Said bonds
may be issued in one or more series, may bear such date or dates, mature at such time or times
not exceeding 40 years from their respective dates, bear interest at such rate or rates, payable
in such manner, be in such denominations, be in such form, either coupon or registered, be
executed in such manner, be payable in such medium of payment, at such place or places and
be subject to such terms of redemption, with or without premium, be...
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11-86A-16
Section 11-86A-16 Application of proceeds from the sale of bonds; source of payment;
pledge of county's or municipality's credit; negotiability; exemption from taxation; pledge
as security for funds belonging to a public person; investment in bonds by fiduciaries; no
public hearing required; investment in bonds by Teachers' Retirement System of Alabama, the
Employees' Retirement System of Alabama, and the State Insurance Fund; investment in bonds
by public persons. (a) The proceeds from the sale of any bonds shall be applied as provided
in the proceedings in which the bonds are authorized to be issued, including, without limitation,
the payment of all legal, fiscal, and recording fees and expenses incurred in connection with
the authorization, sale, and issuance of the bonds and, if provided in the proceedings authorizing
their issuance, interest on the bonds (or if only a part of any issue of bonds is issued for
acquisition purposes, interest on that portion of the bonds of that issue...
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