Code of Alabama

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4-3-51
Section 4-3-51 Bonds - Issuance and sale generally; payment of principal and interest
generally; form, denominations, terms, etc. The authority shall have the power and is hereby
authorized at any time and from time to time to issue and sell its interest-bearing revenue
bonds for any of its corporate purposes. The principal of and the interest on all such bonds
shall be payable solely from, and may be secured by a pledge of, the revenues derived by the
authority from the operation of any or all of its airports, heliports, facilities and other
property. None of the bonds issued or contracts entered into by the authority shall ever constitute
or create an obligation or debt of the state or of any county or municipality within the state,
or a charge against the credit or taxing powers of the state or of any county or municipality
within the state. Bonds of the authority may be issued at any time and from time to time,
may be in such form and denominations, may be of such tenor, may be...
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4-3-14
Section 4-3-14 Issuance and sale of bonds by authority; form, denominations, terms,
etc., of bonds. The authority shall have the power and is hereby authorized at any time and
from time to time to issue and sell its interest-bearing revenue bonds for any of its corporate
purposes. The principal of and the interest on all such bonds shall be payable solely from,
and may be secured by a pledge of, the revenues derived by the authority from the operation
of any or all of its airports, heliports, facilities and other property. None of the bonds
issued or contracts entered into by the authority shall ever constitute or create an obligation
or debt of the state or of any county, city or town within the state, or a charge against
the credit or taxing powers of the state or of any county, city or town within the state.
Bonds of the authority may be issued at any time and from time to time, may be in such form
and denominations, may be of such tenor, may be payable in such installments and at...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-14.htm - 3K - Match Info - Similar pages

41-10-93
Section 41-10-93 Authority for issuance of bonds by corporation; liability upon bonds;
form, terms, denominations, etc.; redemption; sale; payment of expenses in connection with
authorization, sale and issuance; bonds to contain recital as to authority for issuance; bonds
to be deemed negotiable instruments. The corporation is authorized at any time and from time
to time to issue its interest-bearing revenue bonds for the purpose of acquiring, constructing,
improving, enlarging, completing and equipping one or more projects. The principal of and
interest on any such bonds shall be payable solely out of the rent, revenues and income derived
from the project with respect to which such bonds are issued. None of the bonds of the corporation
shall ever constitute an obligation or debt of the state, the county or the municipality or
a charge against the credit or taxing power of the state, the county or municipality. The
bonds of the corporation may be in such form and denomination, may be...
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41-10-142
Section 41-10-142 Bonds - Issuance; form, terms, denominations, etc.; sale; refunding
bonds; negotiable; security for payment. All bonds issued by an authority may be executed
by such officers of the authority and in such manner as shall be provided in the proceedings
of the board whereunder the bonds shall be authorized to be issued. Any such bonds may be
executed and delivered by an authority at any time and from time to time, shall be in such
form and denominations and of such tenor and maturities, shall contain such provisions not
inconsistent with the provisions of this article and shall bear such rate or rates of interest,
payable and evidenced in such manner as may be provided by resolution of its board. Bonds
of an authority may be sold at either public or private sale in such manner and at such price
or prices and at such time or times as may be determined by the board to be most advantageous.
The principal of or interest on any bonds issued or obligations assumed by an...
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11-81-166
Section 11-81-166 Revenue bonds - Authority for issuance; authorization proceedings
generally; form, terms, denominations, etc.; execution and delivery generally; maturity and
sale; payment generally; trust indentures. (a) Any borrower may issue its revenue bonds for
the purpose of: (1) Financing the acquisition, improvement, enlargement, extension and repair,
or any of them, of a system or systems; (2) Refunding the principal of and the interest on
any bonds of such borrower theretofore issued under this article and then outstanding, whether
or not such principal and interest shall have matured at the time of such refunding; or (3)
Financing any such acquisition, improvement, enlargement, extension and repair, or any of
them, and refunding any such principal and interest. (b) Any bonds issued under this article
shall be made payable solely out of the revenues from the operation of a system or systems
of the borrower and may be made payable from any such revenues without regard to...
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11-54-143
Section 11-54-143 Bonds issued to finance projects. All bonds issued by a municipality
under authority of this article shall be limited obligations of the municipality the principal
of and interest on which shall be payable solely out of the revenues derived from the leasing
of the project to finance which the bonds are issued. Bonds and interest coupons issued under
authority of this article shall never constitute an indebtedness of the municipality within
the meaning of any state constitutional provision or statutory limitation, and shall never
constitute nor give rise to a pecuniary liability of the municipality or a charge against
its general credit or taxing powers, and such fact shall be plainly stated in the face of
each such bond. Such bonds may be executed and delivered at any time and from time to time,
may be in such form and denominations, may be of such tenor, may be in registered or bearer
form either as to principal or interest or both, may be payable in such...
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11-20-5
Section 11-20-5 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; applicability of usury, etc., laws. All bonds issued by a county under authority
of this article shall be limited obligations of the county, the principal of and interest
on which shall be payable solely out of the revenues derived from the leasing of the project
to finance which the bonds are issued. Bonds and interest coupons issued under authority of
this article shall never constitute an indebtedness of the county within the meaning of any
state constitutional provision or statutory limitation and shall never constitute nor give
rise to a pecuniary liability of the county or a charge against its general credit or taxing
powers, and such fact shall be plainly stated on the face of each such bond. Such bonds may
be executed and delivered at any time and from time to time, may be in such form and denominations,
may be of such tenor, may be in registered or bearer form either as to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-20-5.htm - 2K - Match Info - Similar pages

11-54-24
Section 11-54-24 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc. All bonds issued by a municipality under authority of this article shall
be limited obligations of the municipality, the principal of and interest on which shall be
payable solely out of the revenues derived from the leasing of the project to finance which
the bonds are issued. Bonds and interest coupons issued under authority of this article shall
never constitute an indebtedness of the municipality within the meaning of any state constitutional
provision or statutory limitation and shall never constitute nor give rise to a pecuniary
liability of the municipality or a charge against its general credit or taxing powers, and
such fact shall be plainly stated in the face of each such bond. Such bonds may be executed
and delivered at any time and from time to time, may be in such form and denominations, may
be of such tenor, may be in registered or bearer form either as to principal or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-24.htm - 2K - Match Info - Similar pages

11-54-54
Section 11-54-54 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc. All bonds issued by a municipality under authority of this article shall
be limited obligations of the municipality, the principal of and interest on which shall be
payable solely out of the revenues derived from the leasing of the project to finance which
the bonds are issued. Bonds and interest coupons issued under the authority of this article
shall never constitute an indebtedness of the municipality within the meaning of any state
constitutional provision or statutory limitation and shall never constitute nor give rise
to a pecuniary liability of the municipality or a charge against its general credit or taxing
powers, and such fact shall be plainly stated in the face of each such bond. Such bonds may
be executed and delivered at any time and from time to time, may be in such form and denominations,
may be of such tenor, may be in registered or bearer form either as to principal...
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11-85-107
Section 11-85-107 Bonds - Authentication; redemption; sale; refunding; use of proceeds;
security; investment of funds. 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 or a
facsimile of such seal shall be printed or otherwise reproduced thereon; 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 and a facsimile
of the signatures of both of the officers may be printed or otherwise reproduced on such bonds
in lieu of being manually affixed thereof if the authority, in its proceedings with respect
to issuance of the bonds, provides for manual authentication of such bonds. The State Treasurer
shall be registrar, transfer agent, and paying agent for the bonds. The State Treasurer may
designate named individuals who are employees of the state and who are assigned to...
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