41-10-459
Section 41-10-459 Refunding bonds. The authority may from time to time sell and issue its refunding
bonds without limit as to principal amount for the purpose of refunding any bonds of the authority
at the time outstanding, paying the expenses of issuance thereof and paying any premiums necessary
to be paid to redeem any bonds so to be refunded; provided, however, that no refunding bonds
(other than refunding bonds issued to refund those bonds of the authority designated Building
Renovation Revenue Bonds, Series 1990, originally issued in the aggregate principal amount
of $29,500,000) shall be issued unless the present value of all debt service on the refunding
bonds (computed with a discount rate equal to the true interest rate of the refunding bonds
and taking into account all underwriting discount and other issuance expenses) shall not be
greater than 99 percent of the present value of all debt service on the bonds to be refunded
(computed using the same discount rate and taking...
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11-20-8
Section 11-20-8 Refunding bonds. Any bonds issued under this article and at any time outstanding
may at any time and from time to time be refunded by a county by the issuance of its refunding
bonds in such amount as the county commission may deem necessary but not exceeding an amount
sufficient to refund the principal of the bonds so to be refunded, together with any unpaid
interest thereon and any premiums and commissions necessary to be paid in connection therewith.
Any such refunding may be effected whether the bonds to be refunded shall have then matured
or shall thereafter mature, either by sale of the refunding bonds and the application of the
proceeds thereof for the payment of the bonds to be refunded thereby or by exchange of the
refunding bonds for the bonds to be refunded thereby; provided, that the holders of any bonds
so to be refunded shall not be compelled without their consent to surrender their bonds for
payment or exchange prior to the date on which they are payable...
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11-54-27
Section 11-54-27 Refunding bonds. Any bonds issued under this article and at any time outstanding
may at any time and from time to time be refunded by a municipality by the issuance of its
refunding bonds in such amount as the governing body may deem necessary but not exceeding
an amount sufficient to refund the principal of the bonds so to be refunded, together with
any unpaid interest thereon and any premiums and commissions necessary to be paid in connection
therewith. Any such refunding may be effected whether the bonds to be refunded shall have
then matured or shall thereafter mature, either by sale of the refunding bonds and the application
of the proceeds thereof for the payment of the bonds to be refunded thereby or by exchange
of the refunding bonds for the bonds to be refunded thereby; provided, that the holders of
any bonds so to be refunded shall not be compelled without their consent to surrender their
bonds for payment or exchange prior to the date on which they are...
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11-54-57
Section 11-54-57 Refunding bonds. Any bonds issued under this article and at any time outstanding
may at any time and from time to time be refunded by a municipality by the issuance of its
refunding bonds in such amount as the governing body may deem necessary but not exceeding
an amount sufficient to refund the principal of the bonds so to be refunded, together with
any unpaid interest thereon, any premiums and commissions necessary to be paid in connection
therewith and the expenses incurred in connection with such refunding. Any such refunding
may be effected whether the bonds to be refunded shall have then matured or shall thereafter
mature either by sale of the refunding bonds and the application of the proceeds thereof for
the payment, redemption or retirement of the bonds to be refunded thereby or by exchange of
the refunding bonds for the bonds to be refunded thereby or by any combination thereof; provided,
that the holders of any bonds so to be refunded shall not be compelled...
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11-55-6
Section 11-55-6 Refunding bonds. Any bonds issued under this chapter and at any time outstanding
may at any time and from time to time be refunded by a municipality by the issuance of its
refunding bonds in such amount as the governing body may deem necessary but not exceeding
an amount sufficient to refund the principal of the bonds so to be refunded, together with
any unpaid interest thereon and any premiums and commissions necessary to be paid in connection
therewith. Any such refunding may be effected whether the bonds to be refunded shall have
then matured or shall thereafter mature, either by sale of the refunding bonds and the application
of the proceeds thereof for the payment of the bonds to be refunded thereby or by exchange
of the refunding bonds for the bonds to be refunded thereby; provided, that the holders of
any bonds so to be refunded shall not be compelled without their consent to surrender their
bonds for payment or exchange prior to the date on which they are...
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11-58-10
Section 11-58-10 Refunding bonds. Any bonds issued by a corporation organized under this chapter
and at any time outstanding may at any time and from time to time be refunded by the corporation
by the issuance of its refunding bonds in such amount as the board of directors may deem necessary
but not exceeding the principal amount of the bonds to be refunded, any expenses estimated
to be incurred in connection with such refunding and interest (accrued or to accrue) to the
respective maturities of the bonds to be refunded or, if the bonds to be refunded are to be
called for redemption, either on the earliest date on which under their terms they may be
redeemed or some other date or dates, the interest (accrued or to accrue) on the bonds to
be refunded to the date or dates on which they are to be called for redemption plus the amount
of any redemption premium required by their terms to be paid as a condition to their redemption
prior to their respective maturities. Any such refunding may...
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41-10-627
Section 41-10-627 Refunding bonds. (a) Any bonds issued by the authority may from time to time
be refunded by the issuance, sale, or exchange of refunding bonds for the purpose of paying
the following items: (1) All or any part of the principal of the bonds to be refunded. (2)
Any redemption premium required to be paid as a condition to the redemption prior to maturity
of any such bonds that are to be so redeemed in connection with such refunding. (3) Any accrued
and unpaid interest on the bonds to be refunded. (4) Any interest to accrue on each bond to
be refunded to the date on which it is to be paid, whether at maturity or by redemption prior
to maturity. (5) The expenses incurred in connection with the refunding. (b) Any refunding
bonds may be sold by the authority at public or private sale at such price or prices as may
be determined by the authority to be most advantageous, or may be exchanged for the bonds
to be refunded. Any such refunding bonds may be executed and delivered by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-627.htm - 2K - Match Info - Similar pages

2-5A-35
Section 2-5A-35 Refunding bonds. (a) Any bonds issued by the Department of Agriculture and
Industries pursuant to this article may from time to time thereafter be refunded by the issuance
of refunding bonds of the Department of Agriculture and Industries; provided, however, that
no refunding bonds shall be issued unless the present value of all debt service on the refunding
bonds, computed with a discount rate equal to the true interest rate of the refunding bonds
and taking into account all underwriting discount and issuance expenses, shall not be greater
than 97 percent of the present value of all debt service on the bonds to be refunded, computed
using the same discount rate and taking into account the underwriting discount and other issuance
expenses originally applicable to such bonds, determined as if such bonds to be refunded were
paid and retired in accordance with the schedule of maturities, considering mandatory redemption
as a scheduled maturity, provided at the time of...
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41-10-363
Section 41-10-363 Refunding bonds; proceeds of sale of refunding bonds. Any bonds issued by
the authority under this article may from time to time thereafter be refunded by the issuance
of refunding bonds of the authority. Any such refunding bonds may be issued whether the bonds
to be refunded shall have then matured or shall thereafter mature, and such refunding may
be effected either by sale of the refunding bonds and the applications of the proceeds thereof
to the payment or redemption of the bonds so refunded or by exchange of the refunding bonds
for those to be refunded thereby; provided, that the holders of any bonds so to be refunded
shall not be compelled without their consent to surrender their bonds for payment or exchange
prior to the date on which they are payable or, if they are called for redemption, prior to
the date on which they may be redeemed by the authority according to their terms. Any refunding
bonds may be issued in such aggregate principal amount as the...
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11-11A-3
Section 11-11A-3 Issuance of refunding warrants. Any county in the state of Alabama may from
time to time authorize, sell and issue refunding warrants for the purpose of refunding any
outstanding warrants theretofore issued under the provisions of this chapter (whether or not
the principal of the outstanding warrants to be refunded shall have matured at the time of
the issuance of the refunding warrants). Refunding warrants may not, however, be issued in
a principal amount that will result in the principal proceeds to be derived by the issuing
county therefrom exceeding the sum of (a) the outstanding principal of the warrants being
refunded, (b) the interest thereon accrued to the date of issuance of such refunding warrants,
(c) the interest to accrue on such outstanding warrants to their respective maturities or
to the earliest date on which they may, under their terms, be redeemed (whichever is earlier),
(d) any premium necessary to redeem or retire the outstanding warrants being...
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