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41-9-355
Section 41-9-355 Loan from State Docks Department; commission may borrow from banks pending
such loan and pledge loan as security; $50,000.00 outstanding indebtedness forgiven. (a) At
such time as existing revenue bond covenants of the Alabama State Docks Department are satisfied
as a result of any refunding of revenue bond issues of the Alabama State Docks Department
that are outstanding as of August 1, 1963, the Alabama State Docks Department shall loan $50,000.00
to the USS Alabama Battleship Commission from the trust fund that will be released to the
Alabama State Docks Department as a result of said refunding. This loan shall be repaid to
the Alabama State Docks Department from the proceeds of the first revenue issue authorized
under this article. Pending said loan from the Alabama State Docks Department from the released
trust fund, the USS Alabama Battleship Commission is hereby authorized to borrow from any
bank or banks in the state of Alabama such sums up to $50,000.00 as are...
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33-2-9
Section 33-2-9 Application of proceeds of facilities; payment of deficiency where proceeds
are insufficient to cover expenses. The proceeds of the handling and operation of improvements
and facilities constructed pursuant to this article shall be applied as follows: All expenses
of carrying out the purposes of this article shall be paid from said proceeds. Not less than
30 days before each semiannual date upon which interest matures on the bonds hereby authorized,
or any installment of principal matures, the Secretary-Treasurer of the State Docks Department
shall pay to the state treasury from receipts of facilities constructed pursuant to this article
an amount sufficient to cover such installment of interest or principal, and therefrom the
State Treasurer shall pay such interest or principal. If the receipts of the State Docks Department
from facilities constructed pursuant to this article are insufficient to cover any expenses
herein provided for or any installment of interest or...
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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...
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16-18B-16
Section 16-18B-16 Appropriation and allocation of funds. There is hereby appropriated so much
of the bond proceeds and interest income thereon as may be necessary for the acquisition,
provision, construction, improvement, renovation, equipping and maintenance of forensic sciences
laboratories and educational facilities for the provision of instruction and research in the
field of forensic sciences. Moneys in the fund (whether original proceeds from the sale of
the bonds or principal proceeds of matured permitted investments) shall be paid out from time
to time in orders or warrants issued by or on the direction of the corporation for the purposes
specified in this article that may be deemed by the corporation to be most advantageous to
the state, and such moneys shall be allocated and expended by the corporation, subject to
all the provisions of this article, in the amounts set out as follows: (1) $10,000,000 to
plan, design, inspect, construct, reconstruct, enlarge, improve, repair,...
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40-23-24
Section 40-23-24 Itinerant vendors to file bond. For the purpose of securing the payment of
any tax, penalties or interest due or which may become due under the provisions of this division,
every itinerant vendor engaged in the business of selling tangible personal property at retail
in this state is required to file a bond with the Department of Revenue, conditioned upon
the payment of any tax, penalty or interest due or to become due under this division and upon
faithful observance of the provisions of the division. Such bond shall be effective for a
period of one year from date of issuance and shall be fixed by the department in an amount
equal to the tax estimated due or to become due under the provisions of this division, but
not less than $100 nor more than $1,000, and shall have a surety or sureties satisfactory
to the department. It shall be filed with the department within 10 days after notice in writing
has been issued by the commissioner or any person designated by him in...
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41-10-318
Section 41-10-318 Security for bonds. The principal of, premium, if any, and interest on the
bonds of the authority shall be secured by any or all of the following, as the authority may
determine: (1) The rent and revenues from the lease or use of one or more facilities of the
authority; (2) The proceeds from any sale of any facilities of the authority; (3) Any bond
proceeds remaining unexpended upon completion of all facilities to be constructed with such
bond proceeds and the payment of the cost thereof; (4) Any insurance proceeds which the authority
may receive by reason of its ownership of any of the facilities; and (5) Any mortgage upon
or security interest in one or more facilities of the authority, granted in connection with
the issuance of such bonds. The authority shall have authority to transfer and assign any
lease or mortgage of any of its facilities as security for the payment of such principal,
premium, if any, and interest. The bonds may be issued under, and secured by,...
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41-10-508
Section 41-10-508 Security. The principal of, premium, if any, and interest on the bonds of
the authority shall be secured by any or all of the following, as the authority may determine:
(1) The rent and revenues from the lease or use of one or more facilities of the authority;
(2) The proceeds from any sale of any facilities of the authority; (3) Any bond proceeds remaining
unexpended upon completion of all facilities to be constructed with such bond proceeds and
the payment of the cost thereof; (4) Any insurance proceeds which the authority may receive
by reason of its ownership of any of the facilities; and (5) Any mortgage upon or security
interest in one or more facilities of the authority, granted in connection with the issuance
of such bonds. The authority shall have authority to transfer and assign any lease or mortgage
of any of its facilities as security for the payment of such principal, premium, if any, and
interest. The bonds may be issued under, and secured by, a...
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41-10-593
Section 41-10-593 Use of bond proceeds. The proceeds derived from the sale of bonds issued
by the authority to finance Y2K expenditures shall be deposited in the State Treasury and
shall be carried in a separate fund therein for the account of the authority, which shall
pay therefrom the expenses of issuance thereof. The proceeds from the sale of bonds remaining
after payment of the expenses of issuance thereof shall be retained in the fund and, until
they are paid out, shall be invested by the State Treasurer at the direction of the authority
in eligible investments which mature at such time or times as the state Finance Director shall
direct. Monies in the fund, whether original proceeds from the sale of bonds or the proceeds
of or earnings on the eligible investments, shall be paid out from time to time for the purposes
of this division in orders or warrants issued by or on the direction of the state Finance
Director. After the Finance Director has certified to the State Treasurer...
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33-2-10
Section 33-2-10 Cost of each unit to be ascertained, etc.; sinking fund. Immediately upon the
completion of each unit of development along its inland waterway system acquired or erected
pursuant to this article, the director of the Alabama State Docks Department shall ascertain
the cost of such unit, which cost shall be entered in the accounts kept by the State Docks
Department as a charge against capital account for that unit. After the first 12 months from
the completion of each unit pursuant to this article, one half of one percent of the cost
thereof, not exceeding one half of the gross income thereof during each month, shall at the
end of the month be credited to an account designated "sinking fund" and shall be
used from time to time only for the purpose of paying interest charges and of retiring, by
repurchase, bonds issued pursuant to this article at not more than par or by paying them off
as the same mature, until all bonds issued pursuant to this article shall have been...
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40-13-1
Section 40-13-1 Definitions. For the purposes of this article, the following terms shall have
the respective meanings ascribed to them by this section: (1) BONDS. Any revenue bonds or
notes that may at any time be issued by the Alabama State Docks Department pursuant to authorization
in Act No. 64, p. 115, of the Alabama Legislature of 1971 (First Special Session), as same
may be amended from time to time, for the purpose of constructing any seaport facility. (2)
COMMISSIONER. The Commissioner of Revenue of the Department of Revenue of the State of Alabama.
(3) PERSON. Any individual, firm, partnership, corporation, association, or any combination
thereof. (4) PRODUCER. Any person engaging in the business of severing coal from the soil
within this state. (5) PURCHASER. Any person acquiring title, outright or conditionally, to
any interest in severed coal. (6) SEVER. Cutting, mining, stripping, or otherwise taking or
removing from the soil within Alabama. (7) SEAPORT FACILITY. Any...
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