2-3A-30
Section 2-3A-30 Issuance of bonds; obligation of state; proceeds; specifications. In order
to implement Constitutional Amendment 618 authorizing the issuance by the state of $52,000,000
in principal amount of its general obligation bonds, which amendment was proposed by Act 98-378
of the 1998 Regular Session of the Legislature, the Alabama Agricultural Development Authority
shall, in addition to all other powers that may be exercised by said authority, have the power
to issue and sell for the state, subject to the approval of the Governor, interest bearing
general obligation bonds of the state not in excess of $52,000,000 in principal amount, as
authorized by said amendment. Such bonds shall not be obligations of said authority but shall
be general obligations of the State of Alabama with the full faith and credit and taxing power
of the state to be pledged to the prompt and faithful payment of the principal thereof and
the interest and redemption premium (if any) thereon. The proceeds...
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2-6-111
Section 2-6-111 Refunding bonds. The corporation may sell and issue its refunding bonds, without
limit as to principal amount, for the purpose of refunding any bonds of the corporation at
the time outstanding, paying the expenses of issuance, and paying any premiums necessary to
be paid to redeem any bonds to be refunded. (Act 2011-575, p. 1231, §13.)...
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11-54-91
Section 11-54-91 Borrowing of money for temporary use and issuance of temporary revenue bonds
as evidence thereof. (a) Any industrial development board organized under the provisions of
this division, as amended, may, in addition to the other powers granted in the other provisions
of this division, borrow money for temporary use for any of its corporate purposes and, in
evidence of such borrowing, issue from time to time revenue bonds or notes maturing not later
than 18 months from the date of issuance. (b) Any such temporary borrowing may be made in
anticipation of the sale and issuance of long-term revenue bonds; and, in such event, the
principal proceeds from the sale of such long-term revenue bonds shall, to the extent necessary,
be used for payment of the principal of and the interest on the temporary revenue bonds or
notes issued in anticipation of the sale and issuance of such long-term revenue bonds. (c)
Any such temporary borrowing may also be made with respect to a project...
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2-3A-50
Section 2-3A-50 Issuance of bonds; obligation of state; proceeds; specifications. In order
to implement Constitutional Amendment 619 authorizing the issuance by the state of five million
seven hundred thousand dollars ($5,700,000) principal amount of its general obligation bonds,
which amendment was proposed by Act 98-412 of the 1998 Regular Session of the Legislature,
the Alabama Agricultural Development Authority shall, in addition to all other powers that
may be exercised by said authority, have the power to issue and sell for the state, subject
to the approval of the Governor, interest bearing general obligation bonds of the state not
in excess of five million seven hundred thousand dollars ($5,700,000) in principal amount,
as authorized by said amendment. Such bonds shall not be obligations of said authority but
shall be general obligations of the State of Alabama with the full faith and credit and taxing
power of the state to be pledged to the prompt and faithful payment of the...
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11-15-14
Section 11-15-14 Refunding warrants. All or any warrants issued by the corporation may from
time to time thereafter be refunded by the issuance of refunding revenue warrants of the corporation,
but the amount of any refunding warrants so issued shall not exceed the principal of the warrants
refunded thereby together with any unpaid interest thereon and any premiums, commissions and
expenses necessary to be paid in connection with such refunding. Any such refunding may be
done regardless of whether the warrants to be refunded shall have then matured or shall thereafter
mature and may be effected either by sale of the refunding warrants and the application of
the proceeds thereof or by exchange of the refunding warrants for the warrants to be refunded
thereby; provided, that the holders of any warrants so to be refunded shall not be compelled
without their consent to surrender their warrants for payment or exchange prior to the date
on which they may be redeemed by the corporation under...
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11-28-6
Section 11-28-6 Issuance of warrants constitutes audit and allowance of claim. The issuance
of warrants and any interest coupons applicable thereto, pursuant to the provisions of this
chapter and in accordance with the authorization of the county commission of the county issuing
such warrants, shall be deemed to constitute an audit and allowance by such county commission
of a claim, in the aggregate amount of such warrants and the interest thereon, against such
county and against any pledged funds pledged for the payment of the principal of and interest
on such warrants pursuant to the provisions of this chapter. No proof of registration or other
audit or allowance of such claim shall be required and such warrants and the interest thereon
shall, from and after the date of their lawful issuance, be deemed to be allowed claims against
the county by which they were issued and against any pledged funds so pledged therefor. (Acts
1983, 1st Ex. Sess., No. 83-75, p. 78, §6; Acts 1983, 4th...
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11-9-26
Section 11-9-26 Issuance of warrants deemed to constitute audit and allowance of claim. The
issuance of warrants and any interest coupons applicable thereto pursuant to the provisions
of this article and in accordance with the authorization of the county commission of the county
issuing such warrants shall be deemed to constitute an audit and allowance by such county
commission of a claim, in the aggregate principal amount of such warrants and interest coupons,
against the county and against any tax proceeds and any revenues or either thereof pledged
for payment of such warrants pursuant to the provisions of this article. No proof of registration
or other audit or allowance of such claim shall be required and such warrants and interest
coupons shall, from and after the date of their lawful issuance, be deemed to be allowed claims
against the county by which they were issued and against any tax proceeds and revenues or
either so pledged therefor. (Acts 1973, No. 1128, p. 1901, §7.)...
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22-27-26
Section 22-27-26 Warrants and interest coupons as claims against county. The issuance of warrants
and any interest coupons applicable thereto, pursuant to the provisions of this article and
in accordance with the authorization of the county commission issuing such warrants, shall
be deemed to constitute an audit and allowance by such county commission of a claim, in the
aggregate principal amount of such warrants and interest coupons, against the county and against
any tax proceeds and any revenues, or either thereof, pledged for payment of such warrants
pursuant to the provisions of this article. No proof of registration or other audit or allowance
of such claim shall be required, and such warrants and interest coupons shall, from and after
the date of their lawful issuance, be deemed to be allowed claims against the county by which
they were issued and against any tax proceeds and revenues, or either, so pledged therefor.
(Acts 1971, No. 1197, p. 2068, §7.)...
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40-7-96
Section 40-7-96 Issuance of warrants deemed to constitute audit and allowance of claim. The
issuance of warrants and any interest coupons applicable thereto, pursuant to the provisions
of this division and in accordance with the authorization of the governing body of the county
issuing such warrants, shall be deemed to constitute an audit and allowance by such governing
body of a claim, in the aggregate principal amount of such warrants and interest coupons,
against the county and against any tax proceeds and any revenues or funds, or any thereof,
pledged for payment of such warrants pursuant to the provisions of this division. No proof
of registration or other audit or allowance of such claim shall be required, and such warrants
and interest coupons shall, from and after the date of their lawful issuance, be deemed to
be allowed claims against the county by which they were issued and against any tax proceeds,
revenues and funds, or any of them, so pledged thereof. (Acts 1973, No....
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41-10-55
Section 41-10-55 Issuance and sale of bonds authorized generally; form, terms, denominations,
etc., thereof; bonds to be deemed negotiable instruments; redemption. Bonds of the authority
may be sold from time to time as the board of directors may deem advantageous; provided, that
the aggregate principal amount of bonds of the authority which may be issued under this article
shall be limited to $20,000,000.00, but the said limitation shall not apply to refunding bonds
which may be issued under this article and also shall not apply to bonds of the authority
which may be issued under any other act which may at any time hereafter be enacted. The bonds
shall be in such forms and denominations and of such tenor and maturities, shall bear such
rate or rates of interest payable and evidenced in such manner and may contain other provisions
not inconsistent with this article as may be provided in the resolution or resolutions of
the board of directors of the authority wherein the bonds are...
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