33-2-192
Section 33-2-192 Docks facilities revenue bonds and refunding bonds - Pledge. All moneys
hereby pledged shall constitute a sinking fund for the purpose of paying the principal of,
premium, if any, and the interest on the docks facilities revenue bonds and refunding bonds.
As security for the payment of the principal of, premium, if any, and interest on the docks
facilities revenue bonds and the refunding bonds issued under this article, the department
is authorized to pledge the proceeds of the pledge herein provided for, including moneys on
deposit in any interest account or reserve account herein authorized to be created and the
interest income from the investment of moneys on deposit in such interest account or reserve
account, and the docks facilities construction and acquisition account. Any pledge made pursuant
to this section shall be valid and binding from the time the pledge is made. The income
or revenue so pledged shall immediately be subject to the lien of the pledge...
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33-2-188
Section 33-2-188 Docks facilities revenue bonds and refunding bonds - Disposition of
proceeds of refunding bonds. The proceeds of refunding bonds shall be applied, together with
any other moneys legally available therefor to the payment of the expenses authorized by this
article and to the payment of the principal of, premium, if any, and interest due and to become
due on any outstanding bonds to be refunded thereby and, if so required by order of the director,
shall be deposited by the department, with one or more trustees or escrow agents, which trustees
or escrow agents shall be trust companies or national or state banks, located either within
or without the state, having powers of a trust company, in an interest account to pay interest
on refunding bonds, and in a reserve account to further secure the payment of the principal
of, premium, if any, and interest on any refunding bonds. Proceeds of refunding bonds may
also be applied to repay the department's lease obligations with...
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33-2-190
Section 33-2-190 Docks facilities revenue bonds and refunding bonds - Defeasance. Any
docks facilities revenue bond or refunding bond issued pursuant to the provisions of this
article shall no longer be deemed to be outstanding, shall no longer be secured by the docks
facilities revenues that may have been pledged therefor, shall no longer constitute a limited
obligation of the department, and shall be secured solely by and payable solely from moneys
and government securities deposited in trust with one or more trustees or escrow agents as
provided herein, whenever there shall be deposited in trust with one or more trustees or escrow
agents, as provided herein, either moneys or government securities the principal of and interest
on which when due will provide moneys which, together with the moneys, if any, deposited with
one or more trustees or escrow agents, at the same time, shall be sufficient to pay when due
the principal of, premium, if any, and interest due and to become due on...
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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...
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33-2-189
Section 33-2-189 Docks facilities revenue bonds and refunding bonds - Disposition of
proceeds of docks facilities revenue bonds. The department shall pay out of the proceeds from
the sale of any of the docks facilities revenue bonds all expenses that the director may deem
necessary or advantageous in connection with the sale and issuance of such docks facilities
revenue bonds (including any discount reflected in the purchase price thereof paid to the
department), including fees and disbursements of attorneys, accountants, financial advisors,
consulting engineers, and other consultants, fees and disbursements of trustees and escrow
agents, bond insurance premiums, printing costs, and other customary bond issuance expenses.
Proceeds of any of the docks facilities revenue bonds may also be applied to pay the costs
of any surety bonds or bonds that the department may cause to be deposited in a reserve account
to further secure the payment of principal of, premium, if any, and interest on...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state,
shall execute a compact, in substantially the following form, with the State of Mississippi,
and the Legislature approves and ratifies the compact in the form substantially as follows:
Northeast Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states
solemnly agree: Article I. The purpose of this compact is to promote and develop trade, commerce,
industry, and employment opportunities for the public good and welfare in northeast Mississippi
and northwest Alabama through the establishment of a joint interstate authority to acquire
certain railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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41-9-682
Section 41-9-682 Function and powers generally. (a) It shall be the function and main
purpose of the board to honor those, living or dead, who, by achievement or service, have
made outstanding and lasting contributions to music in Alabama or elsewhere. The board may
adopt such rules, regulations and bylaws as may be needed to carry out its functions. Also,
it may conduct surveys and polls and may appoint such committees and representatives as it
may determine necessary or desirable. The board may acquire, construct, install, equip, lease,
manage and operate buildings and other facilities consisting of any one or more of the following
to be located in Colbert County, Alabama: (i) a music hall of fame and exhibition facility
for the display of busts, statues, plaques, books, papers, computerized figures, memorabilia,
records, films, audio tapes, video tapes, compact disks, recordings, pictures and other exhibits
relating to music and musicians, (ii) a library, research and educational...
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45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other
powers now or hereafter granted by law, the authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by
the Jackson County Commission which are required by law to be deposited to the credit of the
Jackson County Water Authority. c. The revenues derived from any water, sewer, or garbage
system or facility of the authority. (2) To pledge for payment of any bonds issued...
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33-2-185
Section 33-2-185 Docks facilities revenue bonds and refunding bonds - Sale. Docks facilities
revenue bonds and refunding bonds may be sold by the department from time to time in series,
and if sold in more than one series may all be authorized in one initial order of the director
with the pledges therefor made in such initial order, notwithstanding that details applicable
to each series may be specified in the respective orders under which such series are issued.
Each series of the docks facilities revenue bonds or refunding bonds may be sold at public
or private sale, as determined by the director, at such price or prices as the director shall
determine, and if sold at public sale either on sealed bids or at public auction, to the bidder
whose bid reflects the lowest true interest cost to the department for the series of the docks
facilities revenue bonds or refunding bonds being sold, computed from the date of those at
the time being sold to their respective maturities and taking...
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33-2-191
Section 33-2-191 Docks facilities revenue bonds and refunding bonds - Continuation of
special charges. The department is hereby authorized to continue to impose and collect all
charges and other fees presently imposed and collected, pursuant to statutory authorization,
by the department for the use of docks facilities or the handling or processing of cargo and
commodities, irrespective of any statutory provisions providing for the termination of such
charges and fees upon the happening of certain events, including specifically the special
handling charge on coal handled by the department authorized to be imposed by Act No. 64 enacted
at the 1971 Special Session of the Legislature, as amended, and the special processing charge
on coal processed by the department authorized to be imposed by Act No. 703 enacted at the
1976 Regular Session of the Legislature, as amended, and all statutory provisions respecting
or requiring the termination of such charges and fees in certain events are...
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