45-35A-52.09
Section 45-35A-52.09 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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45-41A-10.09
Section 45-41A-10.09 Boards of the authority. (a) 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)(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 insurance of the property covered by the mortgage and deed of trust...
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45-41A-40.09
Section 45-41A-40.09 Bonds of the 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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33-2-8
Section 33-2-8 General provisions relative to inland waterways improvement bonds and temporary
loans. In order to provide funds for the purposes herein authorized, the Governor is hereby
empowered to execute, with the concurrence of the director of state docks, and to sell the
state's bonds in such amounts, not exceeding in the aggregate the sum of $3,000,000.00 as
may be necessary for said purposes, all under and subject to the following provisions: Said
bonds shall be appropriately designated as inland waterways improvement bonds of the state.
The bonds may be issued from time to time in one or more series and the bonds of each series
shall be payable in substantially equal annual installments of principal and interest at such
times as may be designated by the State Docks Department with approval of the Governor; provided,
that the first installment of principal of the bonds of each series must mature not later
than 10 years from the date of such series and the last installment of...
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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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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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11-101A-13
Section 11-101A-13 Signature and seal. All securities of an authority shall be signed in the
name and on behalf of the authority by the chair or vice-chair of the board, and the seal
of the authority shall be affixed thereto and attested by its secretary or an assistant secretary.
Notwithstanding the foregoing, a facsimile of the signature of one or both of the officers
whose signature will appear on the securities may be imprinted or otherwise reproduced on
any thereof in lieu of manually signing the same, but in the event both signatures are imprinted
or otherwise reproduced thereon in facsimile, the securities shall be authenticated on behalf
of the registrar therefor by a manual signature. A facsimile of the seal of the authority
may be imprinted, or otherwise reproduced, on any securities in lieu of being manually affixed
thereto. If after any securities shall be so signed, whether manually or by facsimile, and
any officer shall, for any reason, vacate office, the securities so...
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41-10-95
Section 41-10-95 Execution and delivery of bonds and interest coupons. All bonds shall be signed
by the chairman or vice-chairman of the corporation, and the seal of the corporation shall
be affixed thereto and attested by its secretary. A facsimile of the seal of the corporation
and of the signature of either of said officers, but not both of them, may be impressed on
the bonds in lieu of their manually signing the same. Coupons shall be signed by the chairman
or vice-chairman of the corporation, but a facsimile of the signature of such chairman or
such vice-chairman may be impressed on any such coupons in lieu of his manually signing the
same. Bonds so executed shall be valid and may be delivered, notwithstanding any changes in
the officers or the seal of the corporation after the signing and sealing of the bonds. (Acts
1965, 1st Ex. Sess., No. 174, p. 224, §19.)...
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11-56-12
Section 11-56-12 Bonds - Execution and delivery. All bonds shall be signed by the chairman
or vice-chairman of the corporation, and the seal of the corporation shall be affixed thereto
and attested by its secretary. Coupons shall be signed by the chairman or vice-chairman of
the corporation, but a facsimile of the signature of such chairman or vice-chairman may be
impressed on any such interest coupons in lieu of his manually signing the same. Delivery
of bonds so executed shall be valid notwithstanding any changes in officers or in the seal
of the corporation after the signing and sealing of the bonds. (Acts 1955, No. 493, p. 1116,
§11.)...
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41-10-359
Section 41-10-359 Execution and delivery of bonds; designation of bonds for community facilities.
The bonds shall be signed by the president of the authority and attested by its secretary;
provided, that a facsimile of the signatures of both of said officers may be printed or otherwise
reproduced on any of the bonds in lieu of their being manually signed if the proceedings under
which the bonds are issued provide for the manual authentication of such bonds by officers
or employees of the state designated by the authority. The seal of the authority shall be
impressed on the bonds; provided, that a facsimile of said seal may be printed or otherwise
reproduced on any of the bonds in lieu of being manually impressed thereon. Delivery of bonds
so executed shall be valid notwithstanding any changes in officers subsequent to the signing
of such bonds. Fifty percent of the bonds issued under the provisions of this article shall
be designated for community mental illness, mental retardation,...
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