7-9A-502
Section 7-9A-502 Contents of financing statement; record of mortgage as financing statement;
time of filing financing statement. (a) Sufficiency of financing statement. Subject to subsection
(b), a financing statement is sufficient only if it: (1) provides the name of the debtor;
(2) provides the name of the secured party or a representative of the secured party; and (3)
indicates the collateral covered by the financing statement. (b) Real-property-related financing
statements. Except as otherwise provided in Section 7-9A-501(b), to be sufficient, a financing
statement that covers as-extracted collateral or timber to be cut, or which is filed as a
fixture filing and covers goods that are or are to become fixtures, must satisfy subsection
(a) and also: (1) indicate that it covers this type of collateral; (2) indicate that it is
to be filed in the real property records; (3) provide a description of the real property to
which the collateral is related sufficient to give constructive...
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41-10-143
Section 41-10-143 Bonds - Contracts to secure payment of principal and interest. As security
for payment of the principal and interest on bonds issued or obligations assumed by it, an
authority may enter into a contract or contracts binding itself for the proper application
of the proceeds of bonds and other funds, for the continued operation, leasing and maintenance
of any property and facilities owned or controlled and operated by it or under its authority
or any part or parts thereof, for the imposition and collection of reasonable rates and rentals
for and the promulgation of reasonable regulations respecting the use of property and facilities
of the authority and any service furnished therefrom, for the disposition and application
of its gross revenues or any part thereof and for any other act or series of acts not inconsistent
with the provisions of this article for the protection of the bonds and other obligations
being secured and the assurance that revenues from such property...
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11-100-4
Section 11-100-4 State assistance payments; application; procedures; determination of base
number of convention delegates; appropriations; quarterly requests; amount of payments. (a)
Any city, county, or entities or authorities thereof may apply to the State Director of Finance
for state assistance payments for any eligible facilities. The city, county, or entities or
authorities thereof shall file an initial application with the Director of Finance, which
shall be in writing and shall describe: (i) the eligible facilities; (ii) the need for said
facilities or the benefit therefrom; and (iii) the financing thereof, including the principal
and interest payments for the bonds. (b) The Director of Finance shall promptly review such
initial application and shall notify the applicant of any additional information that may
be necessary. (c) After reviewing the initial application and upon reasonable notice to the
applicant, the Director of Finance shall hold a public hearing on the...
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41-10-318
Section 41-10-318 Security for bonds. The principal of, premium, if any, and interest on the
bonds of the authority shall be secured by any or all of the following, as the authority may
determine: (1) The rent and revenues from the lease or use of one or more facilities of the
authority; (2) The proceeds from any sale of any facilities of the authority; (3) Any bond
proceeds remaining unexpended upon completion of all facilities to be constructed with such
bond proceeds and the payment of the cost thereof; (4) Any insurance proceeds which the authority
may receive by reason of its ownership of any of the facilities; and (5) Any mortgage upon
or security interest in one or more facilities of the authority, granted in connection with
the issuance of such bonds. The authority shall have authority to transfer and assign any
lease or mortgage of any of its facilities as security for the payment of such principal,
premium, if any, and interest. The bonds may be issued under, and secured by,...
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41-10-508
Section 41-10-508 Security. The principal of, premium, if any, and interest on the bonds of
the authority shall be secured by any or all of the following, as the authority may determine:
(1) The rent and revenues from the lease or use of one or more facilities of the authority;
(2) The proceeds from any sale of any facilities of the authority; (3) Any bond proceeds remaining
unexpended upon completion of all facilities to be constructed with such bond proceeds and
the payment of the cost thereof; (4) Any insurance proceeds which the authority may receive
by reason of its ownership of any of the facilities; and (5) Any mortgage upon or security
interest in one or more facilities of the authority, granted in connection with the issuance
of such bonds. The authority shall have authority to transfer and assign any lease or mortgage
of any of its facilities as security for the payment of such principal, premium, if any, and
interest. The bonds may be issued under, and secured by, a...
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45-29-90.09
Section 45-29-90.09 Bonds authorized. The authority may: (1) Sell and issue its bonds from
time to time in order to provide funds for any corporate function, use, or purpose, all such
bonds to be payable solely out of the revenues derived from the facilities and other property
of the authority or out of the revenues of any particular facilities and other property of
the authority; and (2) Secure such bonds by a pledge of all or any of the revenues which may
now or hereafter come to the authority from any source, by a mortgage or deed of trust covering
the authority's land or any part thereof, or under the provisions of a trust indenture, or
by a combination of one or more thereof; provided, that all obligations created or assumed
and all bonds issued by the authority shall be solely and exclusively obligations of the authority
and shall not create an obligation or debt of the state or of any county or municipality.
(Act 91-277, p. 517, §10.)...
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45-37A-56.33
Section 45-37A-56.33 Bonds of the authority. 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 parking facilities and other property, or
by mortgage of any property of the authority. 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 such time or...
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24-1-71
Section 24-1-71 Form, denominations, terms, etc., of bonds; sale of bonds; issuance of interim
certificates, etc. (a) The bonds of the authority shall be authorized by its resolution and
shall be issued in one or more series and shall bear such date or dates, mature at such time
or times, not exceeding 60 years from their respective dates, bear interest at such rate or
rates, payable semiannually, be in such denominations, which may be made interchangeable,
be in such form, either coupon or registered, carry such registration privileges, be executed
in such manner, be payable in such medium of payment, at such place or places, and be subject
to such terms of redemption, with or without premium, as such resolution or its trust indenture
or mortgage may provide. The bonds may be sold at public sale held after both of the following:
(1) A notice shall be published once at least 10 days prior to the sale in a newspaper circulating
in the county. (2) In addition, a notice shall be published...
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33-15-14
Section 33-15-14 Freedom of authority from supervision and control. This chapter is intended
to aid the State of Alabama in the execution of its duties by providing an appropriate and
independent political subdivision of the state with full and adequate powers to fulfill the
functions herein authorized. Except as in this chapter expressly otherwise provided, no proceeding,
notice or approval shall be required for the incorporation of the authority or the amendment
of its certificate of incorporation, the acquisition of any property or facilities or the
issuance of any bonds, mortgage and deed of trust or trust indenture. The authority, its facilities
and other property and the rates and charges thereof shall be exempt from all jurisdiction
of, and all regulation and supervision by, the Public Service Commission. Neither a public
hearing nor the consent of the State Department of Finance shall be prerequisite to the issuance
of bonds by the authority. Nothing herein shall be construed...
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41-10-472
Section 41-10-472 Pledge and lien for benefit of bonds. In the proceedings authorizing the
issuance of any of its bonds, the authority is authorized and empowered to pledge for the
payment of the principal of and interest on such bonds at the respective maturities of said
principal and interest, and to agree to use solely for such purpose, all the revenues which
under the provisions of Section 41-10-471 are provided for the payment of the said principal
and interest, subject to prior pledges thereof as and to the extent the authority may provide.
In said proceedings the authority may further provide and create, as security for the payment
of said principal and interest, a statutory lien upon the buildings and properties, other
than the State Capitol, for the acquisition and construction or renovation of which the bonds
are issued. Such statutory lien shall not be subject to foreclosure and, in the event of default
in the payment of any such principal or interest, the remedies...
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