11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution;
bond resolution covenants. (a) The authority shall, prior to the adoption by the board of
a resolution authorizing the issuance of any bonds, enter into one or more contracts with
two or more municipalities which are authorized to contract with the authority pursuant to
Section 11-50A-17. Any resolution of the board authorizing the issuance of bonds may
authorize those bonds to be issued in more than one series, and the issuance of each series
of bonds so authorized by that resolution need not be preceded by the entering into by the
authority of additional contracts pursuant to Section 11-50A-17. (b) The board may
by resolution or resolutions authorize the issuance of bonds. Unless otherwise provided therein,
the resolution or resolutions shall take effect immediately and need not be published or posted.
The board may authorize such types of bonds as it may determine, subject only to any agreement
with...
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16-3-28
Section 16-3-28 Authority of board and trustees of institutions to borrow from federal
agencies or others; issuance of bonds, notes and other securities. (a) The State Board of
Education, acting for the respective educational institutions under its supervision, and each
public corporation that conducts one or more state educational institutions under its supervision,
acting through its board of trustees or other governing body, are hereby separately authorized
to exercise and perform any or all of the following powers: (1) To borrow money from the United
States of America or any department or agency thereof, or from any person, firm, corporation
or other lending agency for the purchase, construction, enlargement or alteration of any buildings
or other improvements, including dormitories, dining halls, classrooms, laboratories, libraries,
stadiums, administration buildings and any other buildings and appurtenances thereto suitable
for use by the institution with respect to which the...
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11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution,
sale, delivery, redemption, etc.; security for payment of principal or interest; remedies
upon default; liability of municipalities, board, etc., thereupon. (a) Any authority shall
have power to issue from time to time its bonds and notes in such principal amount as its
board shall determine to be necessary to provide sufficient funds for achieving any of its
corporate purposes, including the payment of interest on any of its notes and bonds, the establishment
of reserves to secure any such notes and bonds and all other expenditures of such authority
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
authority shall also have the power to issue from time to time notes to renew notes and bonds
to pay notes, including interest thereon and, whenever it deems refunding expedient, to refund
any bonds by the issuance of new bonds, whether the bonds to be refunded...
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24-1A-6
Section 24-1A-6 Bonds. (a) General. The authority may from time to time issue its negotiable
bonds in such principal amounts as, in the opinion of the authority, shall be necessary to
provide sufficient funds for achieving the corporate purposes thereof, the payment of interest
on bonds of the authority, establishment of reserves to secure such bonds and all other expenditures
of the authority incident to, and necessary or convenient to, carrying out its corporate purposes
and powers. (b) Sources of Payment. Bonds issued by the authority shall be payable solely
out of revenues or property of the authority specified in the resolutions authorizing the
issuance of such bonds. To the extent permitted by any contracts with the holders of outstanding
bonds and any other contractual obligations or requirements, the authority may pledge any,
or all, of its revenues or mortgages or assign any, or all, of its assets (whether real or
personal and whether tangible or intangible) to secure the...
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33-2-201
Section 33-2-201 Special purpose obligations. (a) The department, from time to time,
may issue special purpose obligations, which shall be limited obligations of the department
payable from and secured solely by a pledge of private facility payments made by or on behalf
of one or more commercial enterprises for the right to use the private facilities financed
thereby and shall not be payable from docks facilities revenues or otherwise give rise to
any liability on the part of the department other than the private facility payments pledged
as security therefor. No special purpose obligation shall give rise to any liability or constitute
a debt or obligation of the state or a charge against its credit or taxing powers. (b) Any
special purpose obligations shall be issued pursuant to a resolution of the board of directors
of the department. As security for the payment of any special purpose obligations, the department
is authorized to pledge for the payment of the obligations any private...
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9-6-9
Section 9-6-9 Bonds - Issuance; form, terms, denominations, etc.; sale; security for
payment generally. All bonds issued by the authority shall be signed by the chairman of its
board or other chief executive officer and attested by its secretary, and the seal of the
authority shall be affixed thereto and any interest coupons applicable to the bonds of the
authority shall be signed by the chairman of its board or other chief executive officer; provided,
that a facsimile signature of one, but not both, of said officers may be printed or otherwise
reproduced on any such bonds in lieu of his manually signing the same, and a facsimile of
the signature of the chairman of the board or other chief executive officer may be printed
or otherwise reproduced on any such interest coupons in lieu of his manually signing the same.
Any such bonds may be executed and delivered by the authority at any time and from time to
time, shall be in such form and denominations and of such tenor and maturities,...
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11-50-405
Section 11-50-405 Bonds - Authorization for issuance; form, terms, denominations, etc.;
execution and delivery; sale; refunding and exchange; issuance of interim receipts or temporary
bonds. The bonds of a district incorporated under this article shall be authorized by resolution
of the board of directors of the district and may be issued in one or more series, may bear
such date or dates, mature at such time or times, bear interest at such rate or rates, be
in such denominations, be in such form, either coupon or registered or both, be executed in
such manner, be payable in such medium of payment, at such place or places, be nonredeemable
or subject to such terms of redemption, with or without premium and be subject to being declared
or becoming due before the maturity date thereof as such resolution or resolutions may provide.
Said bonds may be issued for money or property, either at public or private sale and for such
price or prices as the board of directors shall determine. Such...
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11-99B-8
Section 11-99B-8 Bonds of district - Form, terms, denominations; sale; execution and
delivery; refunding; liability thereon; security for payment of principal and interest and
payment thereof generally; provisions in trust indentures executed as security for payment
of bonds generally. All bonds issued by the district shall be signed by the chairman of its
board or other chief executive officer and attested by its secretary and the seal of the district
shall be affixed thereto, and any interest coupons applicable to the bonds of the district
shall be signed by the chairman of its board or other chief executive officer. Any such bonds
may be executed and delivered by the district 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 chapter, and shall bear such rate or rates of
interest, or no interest, payable and evidenced in such manner, as may be provided...
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16-13-304
Section 16-13-304 Terms and conditions; sale; use of proceeds. (a)(1) Warrants issued
pursuant to this article may be in the denomination or denominations; shall have a maturity
or maturities not exceeding 30 years from their date; may bear interest from their date at
the rate or rates payable in the manner and at the times; may be payable at the place or places
within or without the State of Alabama; may be sold for such price and in the manner as provided
in this article; and may contain the terms not in conflict with the provisions of this article;
all as the board may provide in the proceedings pursuant to which the warrants are authorized
to be issued. (2)(i) The board may provide that the warrants shall bear interest at a rate
or rates fixed at the time of the issuance thereof. (ii) With the prior, specific approval
of the State Superintendent, given as provided in this article, the board may provide that
the warrants shall bear interest at rates which may be changed from time to...
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33-15-7
Section 33-15-7 Rates, fees and charges; user permits. (a) Rates, fees and charges for
services rendered by the authority from any of its facilities shall be fixed and from time
to time revised by the authority; provided, that such rates, fees and charges shall be so
fixed as at all times to provide funds at least sufficient: (1) To pay the cost of operating,
maintaining, repairing, replacing, extending and improving the facilities and other property
from which such services are rendered; (2) To pay the principal of and the interest on all
bonds issued and obligations assumed by the authority that are payable out of the revenues
derived from the operation of those facilities as the said principal and interest become due
and payable; (3) To create and maintain such reserves for the foregoing purposes or any of
them as may be provided in any mortgage and deed of trust or trust indenture executed by the
authority hereunder or in any resolutions of the board of directors authorizing the...
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