11-100-3
Section 11-100-3 Definitions. As used in this chapter, the following words and phrases shall
have the following meanings respectively ascribed to them unless the context clearly indicates
otherwise: (1) BONDS. Either general obligation bonds, limited obligation, or revenue bonds,
or a combination thereof, issued after the effective date of this act by a city, county, or
entities or authorities thereof in connection with the financing, in whole or in part, of
eligible facilities. The term "bonds" shall also refer to any bonds, warrants, or
other certificates of indebtedness authorized under the laws of the State of Alabama. (2)
CITY. Any city in this state. (3) COUNTY. Any county in this state. (4) AUTHORITY. Any authority
created pursuant to Act No. 547, H. 1176, 1965 Regular Session. (5) DELEGATE. A person attending
a national or regional convention or meeting in this state. (6) ELIGIBLE FACILITIES. Any convention
facilities owned by a city, county, or entities or authorities thereof...
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11-47-223
Section 11-47-223 Bonds of an authority - Signature and seal. All bonds of an authority shall
be signed in the name and behalf of the authority by its chair or vice-chair, and the seal
of the authority shall be affixed thereto and attested by its secretary or an assistant secretary.
Notwithstanding the foregoing, facsimiles of the signatures of the officers may be imprinted
or otherwise reproduced on any of the bonds in lieu of the officers manually signing the same
so long as the related indenture or other authorizing proceedings provide for the manual authentication
of the bonds by a trustee or paying agent, and provided further that a facsimile of the seal
of the authority may be imprinted, or otherwise reproduced, on any of the bonds in lieu of
being manually affixed thereto. If, after any of the bonds are so signed, whether manually
or by facsimile, any officer shall, for any reason, vacate his or her office, the bonds so
signed may nevertheless be delivered at any time thereafter...
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11-81-92
Section 11-81-92 Execution and delivery of bonds. Bonds of a county shall be signed by the
manually subscribed or facsimile signature of any two or more officers of the county holding
office at the time of such signing as shall be designated by the county commission of the
county by whose authority the bonds are issued; provided, that at least one signature required
or permitted to be inscribed on such bonds shall be manually subscribed thereon. The seal
of the county or of the county commission thereof or of the probate court thereof as shall
be designated by the county commission shall be affixed to the bonds; provided, that when
so authorized by the county commission the seal designated by it to be used may be imprinted
or otherwise reproduced on the bonds. Interest coupons attached to the bonds may be executed
with the facsimile signatures of the officers whose signatures appear on the bonds. The delivery
of bonds so executed shall be valid notwithstanding any change in officers or...
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23-1-309
Section 23-1-309 Bonds and notes - Execution. The obligations authorized by this article shall
be signed by the president or vice-president of the authority, as the board of directors shall
designate, and attested by its secretary or an assistant secretary, as the board of directors
shall designate; provided, that a facsimile of the signature of one but not of both of the
said officers may be printed or otherwise reproduced on any of the obligations authorized
by this article in lieu of their being manually signed. The seal of the authority shall be
impressed on the bonds and temporary bonds authorized by this article; provided, that a facsimile
of the said seal may be printed or otherwise reproduced in lieu of being manually impressed
thereon. (Acts 1976, No. 565, p. 764, §10; Acts 1981, No. 81-387, p. 574, §6; Act 2014-105,
p. 169, §1.)...
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11-50-526
Section 11-50-526 Bonds - Sale or issuance generally. The corporation may issue bonds at any
time and from time to time as the board may determine to be most advantageous for the purpose
of paying the purchase price of and all expenses incurred in connection with the acquisition
of any properties or other assets of the corporation and for the purpose of furnishing adequate
working capital for the corporation. Such bonds shall be revenue bonds payable solely out
of the revenues derived from the operation of all or any part of any utility owned by the
corporation as may be provided at the time of the authorization of such bonds. All bonds shall
be signed by such officer or officers as the board may direct, but the facsimile of any signature
may be impressed on any interest coupons in lieu of the original signature. The bonds shall
be in such form, whether registered or bearer, shall be in such denominations, shall bear
such dates and have such maturities not exceeding 40 years from their...
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11-54A-10
Section 11-54A-10 Bonds of authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of an interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance of the...
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11-92C-9
Section 11-92C-9 Bonds of authority. (a) Source of payment. All bonds issued by an authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects, or from any other source as may be designated in the proceedings
of the board under which the bonds are authorized to be issued. (b) Pledge of revenues, receipts,
and other security. The principal and interest on any bonds issued by an authority shall be
secured by a pledge of the revenues and receipts out of which the principal and interest may
be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for the bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (c) Resolutions. The resolution under which
the bonds of an authority are authorized to be issued and any mortgage and deed of trust or
trust indenture may contain any agreements and provisions respecting the...
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11-54-179
Section 11-54-179 Bonds of authority generally. (a) Source of payment. All bonds issued by
an authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of and interest on any bonds issued by an authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance...
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2-5A-32
Section 2-5A-32 Execution and other details of bonds. The bonds shall be signed by the chair
or vice chair of the Board of Agriculture and Industries, and the seal of the Department of
Agriculture and Industries shall be affixed thereto, or a facsimile thereof imprinted thereon,
and attested by the secretary of the board. All signatures of the chair, vice chair, and secretary
may be facsimile signatures if the proceedings under which the bonds are issued provide for
the manual authentication of such bonds by a trustee or paying agent or by named individuals
who are employees of the State of Alabama and who are assigned to the Department of Finance
or office of the State Treasurer. The seal of the Department of Agriculture and Industries
shall be impressed on the bonds and a facsimile of such 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...
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45-27A-31.09
Section 45-27A-31.09 Bonds of authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. (1) The principle of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
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