23-1-177
Section 23-1-177 Bonds - Generally. (a) The bonds of the corporation shall be signed
by its president and attested by its secretary, and the seal of the corporation shall be affixed
thereto or printed or otherwise reproduced thereon; provided, that a facsimile of the signature
of one, but not both, of the officers may be printed or otherwise reproduced on any such bonds
in lieu of his or her signing the same. (b) Any bonds of the corporation may be executed and
delivered by it at any time and from time to time, shall be in such form and denominations
and of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced
in such manner, may contain provisions for redemption prior to maturity, and may contain such
other provisions not inconsistent with this article, all as may be provided by the resolution
of the board of directors under which such bonds are authorized to be issued; provided, that
no bond of the corporation shall have a specified maturity date...
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41-10-356
Section 41-10-356 Powers of authority. The authority shall have the following powers
among others specified in this article: (1) To have succession by its corporate name until
dissolved as provided in this article; (2) To sue and be sued and to prosecute and defend,
at law or in equity, in any court having jurisdiction of the subject matter and of the parties
thereto; (3) To have and to use a corporate seal and to alter the same at pleasure; (4) To
make and alter all needful bylaws, rules and regulations for the transaction of the authority's
business and the control of its property and affairs; (5) To provide for the acquisition,
construction, installation, equipping, operation and maintenance of mental health facilities,
including the equipping and improvement of existing mental health facilities; (6) To receive,
take and hold by sale, gift, lease, devise or otherwise, real and personal property of every
description, and to manage the same; (7) To acquire by purchase, gift, or any...
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16-16-9
Section 16-16-9 Execution, form, terms and conditions of bonds; sale; refunding bonds;
bonds to be limited obligations; security for payment; bonds as negotiable instruments; exemption
from taxation; bonds as security for deposits and for investment of fiduciary funds. (a) The
bonds of the authority shall be signed by its president and attested by its secretary, and
the seal of the authority shall be affixed thereto, and any interest coupons applicable to
such bonds shall be signed by the president; provided, that a facsimile of the signature of
one, but not both, of the said officers may be printed or otherwise reproduced on any such
bonds in lieu of his manually signing the same, a facsimile of the seal of the authority may
be printed or otherwise reproduced on any such bonds in lieu of being manually affixed thereto
and a facsimile of the president's signature may be printed or otherwise reproduced on any
such interest coupons in lieu of his manually signing the same. (b) Any bonds...
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23-1-158
Section 23-1-158 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other
than refunding bonds, issued by the corporation, remaining after paying the expenses of their
issuance, shall be turned in to the Treasury or shall be deposited into such account or accounts
as specified in the resolution of the board of directors whereunder such bonds are authorized
to be issued, and shall be subject to be drawn on upon the approval of the Department of Transportation
solely for the purpose of constructing, reconstructing, and relocating public roads, bridges
and approaches thereto, tunnels, other public roadway improvements, or work incidental or
related thereto, in the State of Alabama, including the acquisition of property necessary
for such construction, reconstruction, and relocation and incidental and related work. If
action is necessary in order to comply with any federal legislation relating to federal aid
in construction of roads, the corporation may authorize the...
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41-10-674
Section 41-10-674 Authorization to issue bonds. (a) General. The authority is authorized
from time to time to sell and issue the bonds in one or more series in an aggregate principal
amount of up to one hundred three million seven hundred sixty thousand dollars ($103,760,000)
in order to provide the funds to pay project costs, ancillary costs and training costs. In
addition, proceeds of the bonds in an amount up to four million six hundred fifty-five thousand
dollars ($4,655,000) shall be used to pay the cost of reconstructing and improving the flood
levee located in Elba, Alabama and proceeds in an amount up to five million eight hundred
ten thousand dollars ($5,810,000) shall be used to pay the cost of reconstructing and improving
the flood levee located in Geneva, Alabama. Of the proceeds of the bonds an amount up to seven
hundred sixty thousand dollars ($760,000) shall be allocated for the acquisition of high technology
and audio-visual equipment for an advanced aerospace training...
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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...

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45-23A-91.09
Section 45-23A-91.09 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 principal 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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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...
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45-37-170.26
Section 45-37-170.26 Powers of authority. The authority shall have the following powers
together with all powers incidental thereto or necessary for the performance of the powers
stated in this section: (1) To have succession by its corporate name without time limit.
(2) To sue and be sued and to prosecute and defend civil actions in any court having jurisdiction
of the subject matter and of the parties. (3) To have and to use a corporate seal and to alter
the same at its pleasure. (4) To receive and expend funds from federal, state, county, municipal,
and private sources for the purposes hereof. (5) To dig channels, build dikes, dams, and lakes
or ponds to contain flood waters as deemed useful by it to improve flood control, and whenever
practical to build any and all facilities which can contribute to the use of such flood control
channels for navigation. (6) To contract with municipalities and counties for the financing
and joint construction and operation of such facilities. (7) To...
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11-50A-17
Section 11-50A-17 Contracts for use of projects; purchase of electric power; payment
of charges; indemnity; enforcement of performance. (a) Any municipality, if authorized by
resolution or ordinance of its governing body, may contract with the authority for the payment
of any rates, tolls, fees, and other charges prescribed in this section and Section
11-50A-18 by the authority for the output, capacity, use or service by the municipality of
any projects or other resources of the authority or any of its facilities or undertakings.
The obligations to pay the amounts contracted to be paid by the municipality to the authority
under the contract or contracts entered into pursuant to the provisions of this section
shall be treated as expenses of operating the electric distribution system of the municipality
for the payment of which the revenues of the municipality derived from the operation of its
electric distribution system (together with any other revenues that may be lawfully pledged...

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