4-5-4
Section 4-5-4 Refunding warrants and certificates. Each such county may in like manner from
time to time issue refunding warrants and certificates, either by sale or by exchange, for
the purpose of refunding a like or greater principal amount of warrants and certificates then
outstanding, which were issued under the provisions of this chapter and the interest thereon,
and paying any premium necessary to be paid to retire the outstanding warrants and certificates
refunded thereby. The provisions of this chapter applicable to the warrants and certificates
so refunded shall likewise be applicable to such refunding warrants and certificates. (Acts
1955, No. 363, p. 881, §4.)...
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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...
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17-7-5
Section 17-7-5 Warrants or certificates for purchase - Refunding authorized. Each such county
may in like manner from time to time issue refunding warrants and certificates, either by
sale or by exchange, for the purpose of refunding a like or greater principal amount of warrants
and certificates then outstanding which were issued under the provisions of this section and
Sections 17-7-2 through 17-7-4 and Sections 17-7-6 and 17-7-7 and the interest thereon and
paying any premium necessary to be paid to retire the outstanding warrants and certificates
refunded thereby. The provisions of this section and Sections 17-7-2 through 17-7-4 and Sections
17-7-6 and 17-7-7 applicable to the warrants and certificates so refunded shall likewise be
applicable to such refunding warrants and certificates. (Acts 1959, No. 603, p. 1492, §4;
§17-9-12; amended and renumbered by Act 2006-570, p. 1331, §37.)...
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11-28-4
Section 11-28-4 Authorization of refunding warrants. Each county may at any time and from time
to time issue refunding warrants for the purpose of refunding refundable debt then outstanding,
whether such refunding shall occur before, at or after the maturity of the refundable debt
to be refunded, and such refunding warrants shall be governed by the provisions of this chapter
as and to the same extent applicable to warrants authorized in Section 11-28-2. In the discretion
of the county commission of the issuing county, such refunding warrants may be issued in exchange
for the instruments evidencing the refundable debt to be refunded or they may be sold and
the proceeds thereof applied to the purchase, redemption or payment of such instruments. Refunding
warrants to be issued in exchange for outstanding instruments evidencing refundable debt shall
be issued in such principal amount and shall bear such interest that the combined total of
such principal amount and the interest accrued...
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11-9-5
Section 11-9-5 Issuance of refunding warrants and certificates of indebtedness. Each such county
may in like manner from time to time issue refunding warrants and refunding certificates of
indebtedness, either by sale or by exchange, for the purpose of refunding a like or greater
principal amount of warrants and certificates of indebtedness then outstanding which were
issued under the provisions of this article. The provisions of this article applicable to
the original issue of such warrants and certificates of indebtedness so refunded shall likewise
be applicable to any refunding warrants and refunding certificates of indebtedness; except,
that in the event such refunding warrants or refunding certificates of indebtedness are sold
the proceeds from such sale shall be used only to retire the warrants and certificates of
indebtedness refunded thereby; and except that said refunding warrants and refunding certificates
of indebtedness shall not be charged against the limitation on the...
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11-9-24
Section 11-9-24 Issuance of refunding warrants. Each such county may in like manner from time
to time issue refunding warrants, either by sale or by exchange, for the purpose of refunding
a like or greater principal amount of warrants then outstanding which were issued under the
provisions of this article and the interest thereon and paying any premium necessary to be
paid to retire the outstanding warrants refunded thereby. The provisions of this article applicable
to the warrants so refunded shall likewise be applicable to such refunding warrants. (Acts
1973, No. 1128, p. 1901, §5.)...
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22-27-24
Section 22-27-24 Refunding warrants. Each such county may, in like manner, from time to time,
issue refunding warrants, either by sale or by exchange, for the purpose of refunding a like
or greater principal amount of warrants then outstanding which were issued under the provisions
of this article and the interest thereon and paying any premium necessary to be paid to retire
the outstanding warrants refunded thereby. The provisions of this article applicable to the
warrants so refunded shall likewise be applicable to such refunding warrants. (Acts 1971,
No. 1197, p. 2068, §5.)...
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40-7-94
Section 40-7-94 Authorization to issue refunding warrants. Each such county may in like manner
from time to time issue refunding warrants, either by sale or by exchange, for the purpose
of refunding a like or greater principal amount of warrants then outstanding which were issued
under the provisions of this division and the interest thereon and paying any premium necessary
to be paid to retire the outstanding warrants refunded thereby. The provisions of this division
applicable to the warrants so refunded shall likewise be applicable to such refunding warrants.
(Acts 1973, No. 1092, p. 1855, §5.)...
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16-13-72
Section 16-13-72 Refunding warrants. Any county board of education and any city board of education
may from time to time sell and issue refunding warrants for the purpose of refunding the principal
of warrants then outstanding that were issued by the said board of education under the provisions
of either this article or any other act or statute, and the interest accrued on the warrants
to be refunded, whether or not the principal of the said outstanding warrants shall have matured
at the time of the issuance of the refunding warrants and regardless of the date on which
the warrants to be refunded shall have a stated maturity or shall be subject to redemption
or cancellation. Any premium necessary to redeem or retire the warrants to be so refunded
may be paid out of the proceeds from the refunding warrants; and the total principal amount
of the refunding warrants shall not exceed the sum of (i) the principal of the warrants to
be refunded, (ii) the interest accrued and unpaid thereon...
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11-101A-12
Section 11-101A-12 Refunding securities; limitations. (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 the securities 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 securities
so to be refunded. 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 respective...
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