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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
40-13-6
Section 40-13-6 Distribution of tax proceeds. (a) In each fiscal year when the funds then on
deposit in the special fund or funds created for retirement of the bonds equal the amount
needed to pay all the principal and interest becoming payable on the bonds within the succeeding
12 months and the funds then on deposit in the reserve fund or funds created for the bonds
equal the maximum principal and interest becoming due on the bonds in any one year, the severance
tax proceeds remaining in the Alabama State Docks Bulk Handling Facility Trust Fund, shall
be distributed as provided herein; provided however, that if at the end of any fiscal year
of the state, beginning with the fiscal year ending September 30, 1987, the Director of the
Alabama State Docks Department shall have notified the Director of Finance in writing, at
least five days prior to the close of the fiscal year, that the revenues to be derived by
the Alabama State Docks Department from the operations of its coal handling...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-13-6.htm - 13K - Match Info - Similar pages
11-100-4
Section 11-100-4 State assistance payments; application; procedures; determination of base
number of convention delegates; appropriations; quarterly requests; amount of payments. (a)
Any city, county, or entities or authorities thereof may apply to the State Director of Finance
for state assistance payments for any eligible facilities. The city, county, or entities or
authorities thereof shall file an initial application with the Director of Finance, which
shall be in writing and shall describe: (i) the eligible facilities; (ii) the need for said
facilities or the benefit therefrom; and (iii) the financing thereof, including the principal
and interest payments for the bonds. (b) The Director of Finance shall promptly review such
initial application and shall notify the applicant of any additional information that may
be necessary. (c) After reviewing the initial application and upon reasonable notice to the
applicant, the Director of Finance shall hold a public hearing on the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-100-4.htm - 7K - Match Info - Similar pages
33-2-186
Section 33-2-186 Docks facilities revenue bonds and refunding bonds - Nature of; pledge; negotiable
instruments. The docks facilities revenue bonds and refunding bonds shall not be general obligations
of the department but shall be payable solely out of docks facilities revenues. As security
for the payment of the principal of, premium, if any, and interest on the docks facilities
revenue bonds and refunding bonds issued by it under this article, the department is hereby
authorized and empowered to pledge for payment of the said principal, premium, if any, and
interest all or any part of the docks facilities revenues. All contracts made and all docks
facilities revenue bonds and refunding bonds issued by the department pursuant to the provisions
of this article shall be solely and exclusively obligations of the department and shall not
be an obligation or debt of the state. The docks facilities revenue bonds and refunding bonds,
except while registered, shall be construed to be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-186.htm - 1K - Match Info - Similar pages
33-13-10
Section 33-13-10 Bonds - State Docks Facilities Reserve Fund. There is hereby created a special
fund to be designated the State Docks Facilities Reserve Fund, which shall be held in and
constitute a part of the State Treasury and which shall be maintained until the principal
of and interest on the bonds (or any refunding bonds that may hereafter be issued to refund
any of the bonds) shall have been paid in full. As promptly as may be practicable following
each fiscal year of the state, commencing with the fiscal year ending September 30, 1976,
the state docks director shall determine the number of tons (each ton to be deemed to constitute
2,000 pounds) of general cargo that was handled by the State Docks Department during the said
fiscal year. Not later than 90 days after the end of each such fiscal year, the State Docks
Department shall pay into the said special fund whichever is the smaller of the following:
(1) An amount equal to $.03 for each ton (i.e., 2,000 pounds) of general...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-13-10.htm - 3K - Match Info - Similar pages
22-3A-10
Section 22-3A-10 Authentication of bonds. The bonds shall be signed by the president of the
authority and attested by its secretary; and a facsimile of the signatures of both of said
officers may be printed or otherwise reproduced on any of the bonds in lieu of being manually
signed if the proceedings under which the bonds are issued provides for the manual authentication
of such bonds by a trustee or paying agent or by named individuals who are employees of the
state and who are assigned to the Department of Finance or Office of the State Treasurer.
The seal of the authority shall be impressed on the bonds, and a facsimile of said seal may
be printed or otherwise reproduced on any of the bonds in lieu of being manually impressed
thereon. Delivery of bonds so executed shall be valid notwithstanding any changes in officers
subsequent to the signing of such bonds. (Acts 1990, No. 90-598, ยง10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-10.htm - 1K - Match Info - Similar pages
11-61A-14
Section 11-61A-14 Signature on bonds. All bonds shall be signed by the chair or vice-chair
and the secretary or treasurer of the authority and the seal of the authority shall be affixed.
A facsimile of the signature of one, but not both, of the officers whose signatures will appear
on the bonds may be imprinted or otherwise reproduced on the bond in lieu of his or her manually
signing. A facsimile of the seal of the authority may be imprinted or otherwise reproduced
on the bonds in lieu of being manually affixed. Coupons shall be signed by the chair or vice-chair
and the secretary or treasurer of the authority. A facsimile of the signature of the chair
or vice-chair and the secretary or treasurer may be impressed or otherwise reproduced on any
interest coupon in lieu of their manually signing. Delivery of executed bonds shall be valid
notwithstanding any changes in officers or in the seal of the authority after the signing
and sealing of the bonds. (Acts 1994, No. 94-254, p. 470,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-61A-14.htm - 1K - Match Info - Similar pages
11-92B-12
Section 11-92B-12 Bonds of the authority. (a) Bonds of an authority shall be signed by the
chair or vice chair and attested to by the secretary or assistant secretary. The seal of an
authority shall be affixed thereto. A facsimile of the signature of the officers may be printed
or otherwise reproduced on any such bonds in lieu of being manually subscribed thereon, and
a facsimile of the seal of an authority may be printed or otherwise produced on any such bonds
in lieu of being manually affixed thereto, provided that the bonds have been manually authenticated
by a transfer agent of the bonds issued. Delivery of the bonds so executed shall be valid
notwithstanding any subsequent changes in officers or in the seal of an authority. (b) Bonds
may be executed and delivered by an authority at any time. The bonds shall be in such form
and denominations and of such tenor and maturities, shall bear such rate or rates of interest
or no interest, shall be payable at such times, and shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92B-12.htm - 4K - Match Info - Similar pages
37-13-12
Section 37-13-12 Bonds of authority - Execution. All bonds shall be signed by the chairman
or vice-chairman and the secretary or treasurer of the authority and the seal of the authority
shall be affixed thereto. A facsimile of the signature of one, but not both, of the officers
whose signatures will appear on the bonds may be imprinted or otherwise reproduced thereon
in lieu of his manually signing the same; provided, however, that a facsimile of the signature
of both such officers may be imprinted or reproduced on such bonds if such bonds are required
to be authenticated by the manual signature of the duly designated registrar of such bonds,
or an authorized officer of such registrar; and provided further, that a facsimile of the
seal of the authority may be imprinted or otherwise reproduced on the bonds in lieu of being
manually affixed thereto. Coupons shall be signed by the chairman or vice-chairman and the
secretary or treasurer of the authority, but a facsimile of the signature...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-13-12.htm - 1K - Match Info - Similar pages
41-10-57
Section 41-10-57 Execution and delivery of bonds and interest coupons. The bonds shall be signed
by the president of the authority and attested by its secretary, and all interest coupons
applicable to the bonds shall be signed by the president of the authority; provided, that
a facsimile of the signature of one, but not of both, of said officers may be printed or otherwise
reproduced on any of the bonds in lieu of their being manually signed, and a facsimile of
the president's signature may be printed or otherwise reproduced on any of the interest coupons
in lieu of their being manually signed. The seal of the authority shall be impressed on the
bonds; provided, that a facsimile of said seal may be printed or otherwise reproduced on any
of the bonds in lieu of being manually impressed thereon. If any officer duly authorized thereunto,
after signing any of such bonds or the interest coupons thereunto appertaining, manually or
by facsimile, shall for any reason vacate said office, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-57.htm - 1K - Match Info - Similar pages
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