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22-23B-7
Section 22-23B-7 Purpose; issuing, selling and refunding of bonds. For the purpose of providing
funds for the authority to make loans to public bodies for a project or projects, or for the
payment of obligations incurred or temporary loans made for any of said purposes, the authority
is hereby authorized, from time to time, to issue and sell its bonds or other evidences of
indebtedness. Such bonds may be issued in one or more series; shall be in such form and denominations
and of such terms and maturities, not exceeding 30 years from the date of issue of each series;
shall bear such rate or rates of interest, payable and evidenced in such manner; may contain
such provisions for registration or for redemption prior to maturity; and may contain such
other provisions not inconsistent herewith, all as may be provided by the authorizing resolution.
As security for the payment of the principal of and interest on its bonds, the authority is
authorized to pledge, transfer and assign any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23B-7.htm - 4K - Match Info - Similar pages
41-10-28
Section 41-10-28 Execution of bonds and interest coupons; form, terms, denominations, etc.,
of bonds; sale; refunding bonds; liability upon bonds; pledges of certain funds as security
for payment of principal and interest on bonds generally; bonds to be deemed negotiable instruments;
bonds and income therefrom exempt from taxation; use of bonds as security for deposits of
funds of state, etc.; investment of certain state funds and private trust funds in bonds;
public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of
bonds. 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 said officers may be printed or otherwise reproduced on any such
bonds in lieu of being manually subscribed thereon, a facsimile of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-28.htm - 7K - Match Info - Similar pages
41-10-99
Section 41-10-99 Refunding bonds. The corporation may at any time and from time to time issue
refunding bonds for the purpose of refunding the principal of and interest on any bonds of
the corporation theretofore issued under this article and then outstanding, whether or not
such principal and interest shall have matured at the time of such refunding, and for the
payment of any expenses incurred in connection with such refunding and such premium as is
necessary to be paid in order to redeem or retire the bonds to be refunded. The proceeds derived
from the sale of any refunding bonds shall be used only for the purposes for which the refunding
bonds were authorized to be issued. Any such refunding may be effected either by sale of the
refunding bonds, in the manner provided for in this article with respect to bonds, the application
of the proceeds thereof or by exchange of the refunding bonds for the bonds or interest coupons
to be refunded thereby; provided, that the holders of any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-99.htm - 1K - Match Info - Similar pages
5-19-3
Section 5-19-3 Maximum finance charges; contracting for minimum finance charge; alternate per
month computed finance charge. (a) Except under open-end credit plans, the maximum finance
charge for any credit transaction where the original amount financed is less than two thousand
dollars ($2,000), may equal but may not exceed the total of the following: (1) Fifteen dollars
($15) per one hundred dollars ($100) per year for the first seven hundred fifty dollars ($750)
of the original amount financed; and (2) Ten dollars ($10) per one hundred dollars ($100)
per year for that portion of the original amount financed exceeding seven hundred fifty dollars
($750) and less than two thousand dollars ($2,000). The maximum finance charge under this
subsection shall be determined by computing the maximum rates authorized by this subsection
on the original amount financed for the full term of the contract without regard to scheduled
payments and the maximum finance charge so determined, or any lesser...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-19-3.htm - 4K - Match Info - Similar pages
5-8A-33
Section 5-8A-33 Negotiation of loans, granting of security, etc., on behalf of closed bank.
(a) The receiver is authorized to borrow money and pledge the assets of a bank in liquidation
for protecting and preserving its assets, for paying secured claims, for aiding in the reorganization
or reopening of such bank or for making distribution to depositors and creditors when, in
the judgment of the receiver, the borrowing of such funds would be to the interest of the
depositors and creditors. (b) For any loan negotiated under the authority vested by this article,
the receiver may execute a note therefor, renew the same from time to time and do all things
he considers necessary until the same has been paid. Such note or renewal or any mortgage
or contract to be executed for the purpose hereof shall be signed by giving the name of the
bank, followed by the words: "In liquidation," "By ___ (the name of the receiver)
receiver." Any note or other contract executed for the purpose hereof...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-8A-33.htm - 2K - Match Info - Similar pages
6-5-254
Section 6-5-254 Payment of value of permanent improvements; how value of improvements ascertained.
(a) Any person offering to redeem must pay to the then holder of the legal title the value
of all permanent improvements made on the land since the sale, and if the holder of the legal
title cannot be ascertained, payment may be made to the circuit court of the county having
jurisdiction of the subject matter when the complaint is filed to redeem. In response to written
demand made under Section 6-5-252, the then holder of the legal title shall, within 10 days
from the receipt of such demand, furnish the proposed redemptioner with the amount claimed
as the value of such permanent improvements; and within 10 days after receipt of such response,
the proposed redemptioner either shall accept the value so stated by the then holder of the
legal title or, disagreeing therewith, shall appoint a referee to ascertain the value of such
permanent improvements and in writing notify the then holder of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-5-254.htm - 2K - Match Info - Similar pages
7-9-302
Section 7-9-302 When filing is required to perfect security interest; security interests to
which filing provisions of this article do not apply. THIS SECTION WAS REPEALED IN THE 2001
REGULAR SESSION, BY ACT 2001-481, EFFECTIVE JAN. 1, 2002. (1) A financing statement must be
filed to perfect all security interests except the following: (a) A security interest in collateral
in possession of the secured party under Section 7-9-305; (b) A security interest temporarily
perfected in instruments, certificated securities, or documents without delivery under Section
7-9-304 or in proceeds for a 20-day period under Section 7-9-306; (c) A security interest
created by an assignment of a beneficial interest in a trust or a decedent's estate; (d) A
purchase money security interest in consumer goods; but filing is required for a motor vehicle
required to be registered; and fixture filing is required for priority over conflicting interests
in fixtures to the extent provided in Section 7-9-313; (e) An...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9-302.htm - 5K - Match Info - Similar pages
11-11A-3
Section 11-11A-3 Issuance of refunding warrants. Any county in the state of Alabama may from
time to time authorize, sell and issue refunding warrants for the purpose of refunding any
outstanding warrants theretofore issued under the provisions of this chapter (whether or not
the principal of the outstanding warrants to be refunded shall have matured at the time of
the issuance of the refunding warrants). Refunding warrants may not, however, be issued in
a principal amount that will result in the principal proceeds to be derived by the issuing
county therefrom exceeding the sum of (a) the outstanding principal of the warrants being
refunded, (b) the interest thereon accrued to the date of issuance of such refunding warrants,
(c) the interest to accrue on such outstanding warrants to their respective maturities or
to the earliest date on which they may, under their terms, be redeemed (whichever is earlier),
(d) any premium necessary to redeem or retire the outstanding warrants being...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-11A-3.htm - 2K - Match Info - Similar pages
11-50-406
Section 11-50-406 Bonds - Disposition of proceeds from sale. All moneys derived from the sale
of any bonds issued by any district incorporated under this article shall be used solely for
the purpose or purposes for which the same are authorized, including any engineering, legal
or other expenses incident thereto and, in the case of bonds issued in whole or in part for
the construction of a gas system or systems or any part thereof, interest on such bonds (or,
if a part only of the bonds are issued for the purpose of such construction, on the part of
such bonds issued for that purpose) prior to and during such construction and, in the case
of bonds issued by a district for the purpose of refunding outstanding bonds of such district,
any premium which it may deem necessary to pay in order to redeem or retire the bonds to be
refunded and any interest (accrued and to accrue) on the bonds to be so refunded. The treasurer
or other officer designated by the board of directors shall give a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-406.htm - 1K - Match Info - Similar pages
11-61A-17
Section 11-61A-17 Refunding bonds. The authority may at any time and from time to time issue
refunding bonds for the purpose of refunding the principal of and the interest on any bonds
of the authority issued under this chapter and then outstanding. The refunding bonds may be
issued regardless if the principal and interest have matured at the time of the refunding.
The refunding bonds may be issued for the payment of any expenses incurred in connection with
the refunding and any premium necessary to be paid in order to redeem, retire, or purchase
for retirement the bonds to be refunded. The proceeds derived from the sale of any refunding
bonds shall be used only for the purposes for which the refunding bonds were issued. Any refunding
may be effected either by sale of the refunding bonds and the application of the proceeds,
or by exchange of the refunding bonds for the bonds or interest coupons to be refunded. The
holders of any bonds or coupons to be refunded shall not be compelled to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-61A-17.htm - 2K - Match Info - Similar pages
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