|
11-95-2
Section 11-95-2 Definitions. The following words and phrases used in this chapter, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein and shall, except
where the context otherwise requires, be deemed to cover both singular and plural: (1) ALTERNATING
DIRECTOR. The director initially elected by the governing body of the authorizing municipality
and thereafter alternately by the governing bodies of the authorizing county and the authorizing
municipality. (2) APPLICANT. A natural person who files a written application with the governing
body of any county and with the governing body of any municipality located wholly or partially
within such county in accordance with the provisions of Section 11-95-3. (3) AUTHORIZING
COUNTY. Any county the governing body of which shall have adopted an authorizing resolution.
(4) AUTHORIZING MUNICIPALITY. Any municipality the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-95-2.htm - 4K - Match Info - Similar pages
16-18A-5
Section 16-18A-5 Revenue bonds - Issuance; negotiable, forms, terms, etc.; refunding
bonds; security. The authority shall have power and is hereby authorized from time to time
to provide by resolution for the issuance of negotiable revenue bonds for the purpose of paying
all or any part of the cost as herein defined of any of its projects. Such bonds may also
be issued to pay off, refund or refinance any outstanding bonds or other obligation of any
nature owed by the authority, whether or not such revenue bonds or other obligations shall
then be subject to redemption, and the authority may provide for such arrangements as it may
determine for the payment and security of the revenue bonds being issued or for the payment
and security of the revenue bonds or other obligations to be paid off, refunded or refinanced.
The principal, premium, if any, and interest of such revenue bonds shall be payable solely
from the revenues, receipts and earnings to be received by the authority in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18A-5.htm - 5K - Match Info - Similar pages
11-101A-8
Section 11-101A-8 Powers of authority. (a) In addition to all other powers granted elsewhere
in this chapter, and subject to the express provisions of its certificate of incorporation,
an authority shall have the following powers, together with all powers incidental thereto
or necessary to the discharge thereof in corporate form: (1) To have succession by its corporate
name for the duration of time, which may be in perpetuity, specified in its certificate of
incorporation, or until dissolved as provided in Section 11-101A-24. (2) To sue and
be sued in its own name in civil suits and actions, and to defend suits and actions against
it, subject, however, to Chapter 93 of this title, which chapter is hereby made applicable
to the authority. (3) To adopt, alter, amend, and repeal bylaws, regulations, and rules for
the regulation and conduct of its affairs and business. (4) To adopt and make use of a corporate
seal and to alter the same at pleasure. (5) To acquire, whether by purchase,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-101A-8.htm - 8K - Match Info - Similar pages
11-47-221
Section 11-47-221 Bonds of an authority - Execution and delivery; form and denominations;
rate of interest; redemption; issuance and sale. Bonds of an authority may be executed and
delivered by it at any time, shall be in the form and denominations and of the tenor and maturity
or maturities not exceeding 30 years from their date, shall bear the rate or rates of interest,
which may be fixed or which may float or vary based on some index or other standard deemed
appropriate by the board or pursuant to periodic determinations made by an agent of the authority,
shall be payable and evidenced in the manner, may contain provisions for redemption prior
to maturity, and may contain other provisions not inconsistent with the provisions of this
article, all as may be provided by the resolution of the board authorizing the bonds or by
the indenture whereunder the bonds are authorized to be issued. A bond of any authority having
a specified maturity date more than 10 years after its date shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-221.htm - 1K - Match Info - Similar pages
11-50-237
Section 11-50-237 Execution, sale, etc., of bonds and refunding bonds of corporation
generally; terms, denominations, etc., thereof; charge, application, etc., of revenues from
systems to payment of bonds, etc., generally; vesting of title to systems in municipality
and dissolution of corporation upon payment of bonds in full. (a) All bonds issued by any
corporation organized under this division shall be signed by the chairman of its board of
directors or other chief executive officer and attested by its secretary, and the seal of
such corporation shall be affixed thereto. Any interest coupons applicable to the bonds of
such corporation shall be signed by the chairman of the board of directors or other chief
executive officer, but a facsimile of such signature may be impressed on any such interest
coupon in lieu of his manually signing the same. Any such bonds may be executed and delivered
by such corporation at any time and from time to time, shall be in such form and denominations...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-237.htm - 4K - Match Info - Similar pages
11-20-5
Section 11-20-5 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; applicability of usury, etc., laws. All bonds issued by a county under authority
of this article shall be limited obligations of the county, the principal of and interest
on which shall be payable solely out of the revenues derived from the leasing of the project
to finance which the bonds are issued. Bonds and interest coupons issued under authority of
this article shall never constitute an indebtedness of the county within the meaning of any
state constitutional provision or statutory limitation and shall never constitute nor give
rise to a pecuniary liability of the county or a charge against its general credit or taxing
powers, and such fact shall be plainly stated on the face of each such bond. Such bonds may
be executed and delivered at any time and from time to time, may be in such form and denominations,
may be of such tenor, may be in registered or bearer form either as to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-20-5.htm - 2K - Match Info - Similar pages
11-32-9
Section 11-32-9 Bonds - Form and execution; sale; obligations; notice. (a) All bonds
issued by the authority shall be signed by the chair, vice chair, or executive director and
attested by its secretary or assistant secretary, and the seal of the authority shall be affixed
thereto except that a facsimile of the signature of the officers may be printed or otherwise
reproduced on any of the bonds in lieu of being manually subscribed on the bonds, a facsimile
of the seal of the authority may be printed or otherwise produced on the bonds in lieu of
being manually affixed thereto, if the bonds have been manually authenticated by a transfer
agent of the bond issue. Delivery of executed bonds shall be valid notwithstanding any changes
in officers or in the seal of the authority after the signing and sealing of the bonds. The
bonds may be executed and delivered by the authority at any time and from time to time, shall
be in the form and denominations and of the tenor and maturities, shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-32-9.htm - 6K - Match Info - Similar pages
11-54-143
Section 11-54-143 Bonds issued to finance projects. All bonds issued by a municipality
under authority of this article shall be limited obligations of the municipality the principal
of and interest on which shall be payable solely out of the revenues derived from the leasing
of the project to finance which the bonds are issued. Bonds and interest coupons issued under
authority of this article shall never constitute an indebtedness of the municipality within
the meaning of any state constitutional provision or statutory limitation, and shall never
constitute nor give rise to a pecuniary liability of the municipality or a charge against
its general credit or taxing powers, and such fact shall be plainly stated in the face of
each such bond. Such bonds may be executed and delivered at any time and from time to time,
may be in such form and denominations, may be of such tenor, may be in registered or bearer
form either as to principal or interest or both, may be payable in such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-143.htm - 2K - Match Info - Similar pages
11-54-24
Section 11-54-24 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc. All bonds issued by a municipality under authority of this article shall
be limited obligations of the municipality, the principal of and interest on which shall be
payable solely out of the revenues derived from the leasing of the project to finance which
the bonds are issued. Bonds and interest coupons issued under authority of this article shall
never constitute an indebtedness of the municipality within the meaning of any state constitutional
provision or statutory limitation and shall never constitute nor give rise to a pecuniary
liability of the municipality or a charge against its general credit or taxing powers, and
such fact shall be plainly stated in the face of each such bond. Such bonds may be executed
and delivered at any time and from time to time, may be in such form and denominations, may
be of such tenor, may be in registered or bearer form either as to principal or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-24.htm - 2K - Match Info - Similar pages
11-55-3
Section 11-55-3 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc. All bonds issued by a municipality under authority of this chapter shall
be limited obligations of the municipality, the principal of and interest on which shall be
payable solely out of the revenues derived from the leasing of the project to finance which
the bonds are issued. Bonds and interest coupons issued under authority of this chapter shall
never constitute an indebtedness of the municipality within the meaning of any state constitutional
provisions or statutory limitation and shall never constitute nor give rise to a pecuniary
liability of the municipality or a charge against its general credit or taxing powers, and
such fact shall be plainly stated in the face of each such bond. Such bonds may be executed
and delivered at any time and from time to time, may be in such form and denominations, may
be of such tenor, may be in registered or bearer form either as to principal or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-55-3.htm - 2K - Match Info - Similar pages
|