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11-58-10
Section 11-58-10 Refunding bonds. Any bonds issued by a corporation organized under this chapter
and at any time outstanding may at any time and from time to time be refunded by the corporation
by the issuance of its refunding bonds in such amount as the board of directors may deem necessary
but not exceeding the principal amount of the bonds to be refunded, any expenses estimated
to be incurred in connection with such refunding and interest (accrued or to accrue) to the
respective maturities of the bonds to be refunded or, if the bonds to be refunded are to be
called for redemption, either on the earliest date on which under their terms they may be
redeemed or some other date or dates, the interest (accrued or to accrue) on the bonds to
be refunded to the date or dates on which they are to be called for redemption plus the amount
of any redemption premium required by their terms to be paid as a condition to their redemption
prior to their respective maturities. Any such refunding may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-58-10.htm - 2K - Match Info - Similar pages
11-81-4
Section 11-81-4 Issuance of refunding interest-bearing certificates of indebtedness, warrants
or notes by municipalities; pledge of tax, revenues, etc., for payment of principal and interest
on same. The governing body of any municipality in this state is hereby authorized to issue,
without an election, refunding interest-bearing certificates of indebtedness or refunding
interest-bearing warrants or refunding interest-bearing notes maturing at such time or times
as the governing body may determine, not exceeding 30 years from their respective dates, for
the purpose of funding or refunding outstanding certificates of indebtedness or warrants or
notes of such municipality or any outstanding revenue bonds of such municipality issued under
the provisions of Article 5 of Chapter 81 of Title 11 as amended, or predecessor statute or
any combination thereof, whether the same are due at the time of such funding or refunding
or at a later date, in an aggregate principal amount not exceeding the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-4.htm - 2K - Match Info - Similar pages
33-13-11
Section 33-13-11 Bonds - Refunding Bonds. The authority may from time to time sell and issue
refunding bonds for the purpose of refunding any matured or unmatured bonds then outstanding
that were originally issued under this chapter. To the extent they may be applicable, the
provisions of this chapter pertaining to the authorization, sale, execution, redemption, maximum
interest rate, maturities, issuance and other details of the bonds, shall apply to such refunding
bonds. The total principal amount of bonds that may be initially issued hereunder under the
provisions of the first sentence of Section 33-13-9 is hereby expressly limited to $45,000,000.00;
and the total amount of refunding bonds that may be issued hereunder is hereby expressly limited
to the principal amount of the bonds that are to be refunded by any such refunding bonds.
(Acts 1975, 2nd Ex. Sess., No. 78, p. 206, ยง11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-13-11.htm - 1K - Match Info - Similar pages
22-21-321
Section 22-21-321 Refunding securities. (a) An authority may at any time and from time to time
sell and issue its refunding securities for the purpose of refunding the principal of and
interest on any then outstanding securities of the authority, whether or not such securities
shall have matured or be redeemable at the option of the authority at the time of such refunding,
and for the payment of any expenses incurred in connection with such refunding and any premium
or other sum necessary to be paid to redeem or retire the securities so to be refunded; provided
however, that the principal amount of securities that the authority may at any time issue
for refunding purposes shall not exceed the sum of the following: (1) The outstanding principal
or face amount of the securities refunded thereby; (2) The unpaid interest accrued or to accrue
thereon to their respective maturities (or, in the event the securities to be refunded, or
any part thereof, are to be retired prior to their...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-321.htm - 3K - Match Info - Similar pages
9-14A-16
Section 9-14A-16 Refunding bonds. Pursuant to the provisions of the aforesaid amendment and
this chapter, the corporations may, at any time and from time to time, issue for the state
refunding bonds of the state for the purpose of refunding any or all of the bonds authorized
by the aforesaid amendment then outstanding, including any refunding bonds that may have been
previously issued, whether such refunding shall occur before, at or after the maturity of
the bonds to be refunded. In the discretion of the corporations, refunding bonds may be issued
in exchange for such outstanding bonds or they may be sold and the proceeds thereof applied
to the purchase, redemption or payment of such outstanding bonds. Refunding bonds to be issued
in exchange for such outstanding bonds shall not be issued in a principal amount greater than
the principal amount of the bonds to be refunded. Refunding bonds to be sold pursuant hereto
may be issued in such principal amount or amounts as shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-14A-16.htm - 5K - Match Info - Similar pages
16-13-302
Section 16-13-302 Issuance authorized; purposes; refunding warrants; powers of the boards;
mandamus for payment. (a) In addition to all other notes, obligations, warrants, and other
forms or types of indebtedness which any board shall have the power to issue pursuant to laws
other than this article, each board shall have full and continuing power from time to time
to issue and sell warrants for educational and public school purposes, including, without
limitation, the following: (1) For the purpose of paying the costs of public school facilities.
(2) For the purpose of paying or refunding all or any portion (principal or interest or premium)
of any refundable debt then outstanding, whether such refunding shall occur before, at, or
after the maturity of the refundable debt to be refunded. (3) For the payment of extraordinary,
nonrecurring items that are not customarily payable from current revenues, including, without
limitation, casualty losses, legal judgments, and payments due upon...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-302.htm - 3K - Match Info - Similar pages
22-21-142
Section 22-21-142 Bonds - Refunding. The authority may at any time and from time to time sell
and issue its refunding revenue bonds for the purpose of refunding the principal of, and interest
on, any matured or unmatured bonds of the authority at the time outstanding and for the payment
of any expenses incurred in connection with such refunding and any premium necessary to be
paid to redeem or retire the bonds so to be refunded; provided, that the principal amount
of bonds the authority may issue for refunding purposes may not exceed the sum of the following:
the principal amount of the bonds refunded thereby, the interest to mature thereon from the
immediately preceding interest payment date to their respective maturities (or, in the event
the bonds to be refunded, or any part thereof, are to be retired prior to their respective
maturities, the interest to mature thereon from the immediately preceding interest payment
date until the date or dates on which they are to be retired), any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-142.htm - 3K - Match Info - Similar pages
22-21-184
Section 22-21-184 Refunding securities. (a) The corporation may, at any time and from time
to time, issue refunding securities for the purpose of refunding any securities of the corporation
theretofore issued under Section 22-21-182 and then outstanding, whether or not such securities
shall have matured or are redeemable at the option of the corporation at the time of such
refunding; provided, however, that the maximum principal of securities that the corporation
may at any time issue for refunding purposes shall not exceed the sum of: (1) The outstanding
principal or face amount of the securities being refunded; (2) The unpaid interest accrued
thereon to the date that such refunding securities are issued; (3) Any redemption premium
necessary to be paid in order to redeem the securities to be refunded; and (4) The expenses
estimated to be incurred in connection with such refunding. (b) The principal proceeds derived
by the corporation from the sale of any refunding securities shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-184.htm - 3K - Match Info - Similar pages
11-47-222
Section 11-47-222 Bonds of an authority - Sale and issuance of refunding bonds; maturity; limitation
on principal amount; use of proceeds; effectuation of refunding by sale or exchange of bonds.
(a) An authority may at any time and from time to time sell and issue its refunding bonds
for the purpose of refunding the principal of and interest on any then outstanding bonds of
the authority, whether or not the bonds shall have matured or be redeemable at the option
of the authority at the time of the refunding, and for the payment of any expenses incurred
in connection with the refunding and any premium or other sum necessary to be paid to redeem
or retire the bonds to be refunded. No refunding bonds shall be issued unless the present
value of all debt service on the refunding bonds (computed with a discount rate equal to the
true interest rate of the refunding bonds and taking into account all underwriting discount
and other issuance expenses) shall not be greater than 95 percent of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-222.htm - 5K - Match Info - Similar pages
4-3-19
Section 4-3-19 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
theretofore issued hereunder 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 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 authorized to be issued. Any such refunding may be effected either by sale of the refunding
bonds and 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 bonds
or coupons so to be refunded shall not be compelled...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-19.htm - 2K - Match Info - Similar pages
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