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39-7-23
Section 39-7-23 Authorization for issuance of bonds by authority; terms, denominations,
sale, redemption, etc., of bonds; issuance of interim receipts, certificates, etc. Bonds of
an authority shall be authorized by resolution of the board of trustees of such authority
and 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 semiannually, 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,
be subject to such terms of redemption, with or without premium, and be subject to being declared
or becoming due before the maturity date thereof as such resolution or resolutions may provide.
Said bonds may be issued for money or property, either at public or private sale, and for
such price or prices as such authority shall determine. Pending the...
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4-3-51
Section 4-3-51 Bonds - Issuance and sale generally; payment of principal and interest
generally; form, denominations, terms, etc. The authority shall have the power and is hereby
authorized at any time and from time to time to issue and sell its interest-bearing revenue
bonds for any of its corporate purposes. The principal of and the interest on all such bonds
shall be payable solely from, and may be secured by a pledge of, the revenues derived by the
authority from the operation of any or all of its airports, heliports, facilities and other
property. None of the bonds issued or contracts entered into by the authority shall ever constitute
or create an obligation or debt of the state or of any county or municipality within the state,
or a charge against the credit or taxing powers of the state or of any county or municipality
within the state. Bonds of the authority may be issued at any time and from time to time,
may be in such form and denominations, may be of such tenor, may be...
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4-3-14
Section 4-3-14 Issuance and sale of bonds by authority; form, denominations, terms,
etc., of bonds. The authority shall have the power and is hereby authorized at any time and
from time to time to issue and sell its interest-bearing revenue bonds for any of its corporate
purposes. The principal of and the interest on all such bonds shall be payable solely from,
and may be secured by a pledge of, the revenues derived by the authority from the operation
of any or all of its airports, heliports, facilities and other property. None of the bonds
issued or contracts entered into by the authority shall ever constitute or create an obligation
or debt of the state or of any county, city or town within the state, or a charge against
the credit or taxing powers of the state or of any county, city or town within the state.
Bonds of the authority may be issued at any time and from time to time, may be in such form
and denominations, may be of such tenor, may be payable in such installments and at...
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11-56-10
Section 11-56-10 Bonds - Authority for issuance; security for payment of principal and
interest generally; form, terms, denominations, etc.; sale, redemption, etc. The corporation
is authorized at any time and from time to time to issue its interest-bearing revenue bonds
for the purpose of acquiring, constructing, improving, enlarging, completing and equipping
one or more projects. The principal of and the interest on any such bonds shall be payable
solely out of the revenues derived from the project with respect to which such bonds are issued.
None of the bonds of the corporation shall ever constitute an obligation or debt of the state,
the county or the municipality or a charge against the credit or taxing powers of the state,
the county or the municipality. Bonds of the corporation may be issued at any time and from
time to time, may be in such form and denominations, may be of such tenor, may be payable
in such installments and at such time or times, not exceeding 40 years from...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-56-10.htm - 2K - Match Info - Similar pages
41-10-93
Section 41-10-93 Authority for issuance of bonds by corporation; liability upon bonds;
form, terms, denominations, etc.; redemption; sale; payment of expenses in connection with
authorization, sale and issuance; bonds to contain recital as to authority for issuance; bonds
to be deemed negotiable instruments. The corporation is authorized at any time and from time
to time to issue its interest-bearing revenue bonds for the purpose of acquiring, constructing,
improving, enlarging, completing and equipping one or more projects. The principal of and
interest on any such bonds shall be payable solely out of the rent, revenues and income derived
from the project with respect to which such bonds are issued. None of the bonds of the corporation
shall ever constitute an obligation or debt of the state, the county or the municipality or
a charge against the credit or taxing power of the state, the county or municipality. The
bonds of the corporation may be in such form and denomination, may be...
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11-9-22
Section 11-9-22 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county shall have
the power from time to time to sell and issue interest-bearing warrants of such county for
the purpose of paying costs to that county of acquiring and providing one or more waterworks
systems for the purpose of rendering water service in any part of the county; provided, that
the county shall not render water service within any municipality except pursuant to franchise
granted to the county by such municipality. Any warrants issued under the provisions of this
article may be in such denomination or denominations, may have such maturity or maturities
not exceeding 30 years from their date, may bear interest from their date at such rate or
rates payable at such times, may be payable at such place or places within or without the
state, may be sold at such time or times and in such manner, whether publicly...
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22-23B-2
Section 22-23B-2 Definitions. The following words and phrases, whenever used in this
chapter, shall have the following respective meanings unless the context clearly indicates
otherwise: AUTHORITY. The corporation organized pursuant to the provisions of this chapter
as a public corporation, agency and instrumentality of the state and known as the "Alabama
Drinking Water Finance Authority." AUTHORIZING RESOLUTION. A resolution, order or other
proceedings adopted by the board of directors of the authority authorizing the issuance of
bonds, agreements and related matters. BOARD OF DIRECTORS. The board of directors of the authority.
BOND PROCEEDS. The net proceeds of sale of bonds or notes, and the income derived from the
investment of such proceeds. BONDS. The bonds, notes or obligations or other evidences of
indebtedness issued by the authority under the provisions of this chapter. DEPARTMENT. The
Alabama Department of Environmental Management or any successor. FEDERAL ACT. The Act of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23B-2.htm - 6K - Match Info - Similar pages
41-10-44.6
Section 41-10-44.6 Project obligations generally. (a) Issuance of project obligations.
The authority is authorized and empowered to issue its project obligations from time to time
for the purpose of financing one or more projects in such aggregate principal amount as the
board of directors shall determine to be necessary to provide for all or a portion of the
project costs of the project or projects being financed and to pay the expenses of issuing
the project obligations. (b) Source of payment. All project obligations issued by the authority
shall be limited obligations of the authority payable solely from any combination of the following:
(1) The revenues and receipts of the authority derived from the financing agreement or agreements
entered into by the authority with respect to the project or projects financed by such project
obligations; (2) the income or proceeds realized by the authority under any mortgage or other
security granted to the authority; (3) amounts derived from any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.6.htm - 7K - Match Info - Similar pages
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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2-3A-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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