11-9-2
Section 11-9-2 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county which is
now levying or may hereafter levy a special sanitary tax shall have the power from time to
time to sell and issue, in addition to all other securities which it may now or hereafter
be authorized to issue, interest-bearing warrants or certificates of indebtedness of such
county for the purpose of paying the costs of acquiring, providing, constructing, enlarging
or extending a sanitary sewer system or systems or any part or parts thereof, including sanitary
sewers, outfall lines, a sewage disposal plant or plants and appurtenances to any thereof;
provided, that the maximum principal amount of warrants and certificates of indebtedness that
may be issued under the provisions of this article shall not exceed $1,500,000.00. Any such
warrants or certificates of indebtedness may be in such denomination or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-9-2.htm - 2K - Match Info - Similar pages

22-3A-12
Section 22-3A-12 Nature of bonds. The bonds shall not be general obligations of the authority
but shall be limited obligations payable solely from one or more specified sources, including,
but not limited to, the revenues and funds appropriated and pledged therefor or authorized
to be pledged therefor in Section 22-3A-16 as security for the payment of the principal of
and the interest and premium (if any) on the bonds issued by it under this chapter. All series
of bonds issued pursuant to this chapter, including refunding bonds, shall be issued on a
parity, without preference or priority between the bonds of any series, with respect to the
security for the payment of the principal of and the interest on such bonds. All bonds issued
by the authority pursuant to the provisions of this chapter shall be solely and exclusively
obligations of the authority and shall not be an obligation or debt of the state. The bonds
shall be construed to be negotiable instruments although payable solely...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-12.htm - 1K - Match Info - Similar pages

45-23A-91.10
Section 45-23A-91.10 Proceeds from the sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized, including, but without limitation to, the use of bond proceeds to establish
reserve funds as security for the payment of the principal of, and premium, if any, and interest
on the bonds, and any costs and expenses incidental thereto. Such costs and expenses may include
but shall not be limited to the fiscal, engineering, legal, and other expenses incurred in
connection with the issuance of the bonds, and except in the case of refunding bonds, interest
to accrue on such bonds for a period ending not later than two years from their date. (Act
84-395, p. 904, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-23A-91.10.htm - 1K - Match Info - Similar pages

45-27A-31.10
Section 45-27A-31.10 Proceeds from the sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized, including, but without limitation to, the use of bond proceeds to establish
reserve funds as security for the payment of the principal of, and premium, if any, and interest
on the bonds, and any costs and expenses incidental thereto. Such costs and expenses may include
but shall not be limited to (1) the fiscal, engineering, legal, and other expenses incurred
in connection with the issuance of the bonds, and (2) except in the case of refunding bonds,
interest to accrue on such bonds for a period ending not later than two years from their date.
(Act 82-740, p. 196, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27A-31.10.htm - 1K - Match Info - Similar pages

45-35A-52.10
Section 45-35A-52.10 Proceeds from the sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized, including, but without limitation to, the use of bond proceeds to establish
reserve funds as security for the payment of the principal of, and premium, if any, and interest
on the bonds, and any costs and expenses incidental thereto. Such costs and expenses may include,
but shall not be limited to, (1) the fiscal, engineering, legal, and other expenses incurred
in connection with the issuance of the bonds, and (2) except in the case of refunding bonds,
interest to accrue on such bonds for a period ending not later than two years from their date.
(Act 82-303, p. 393, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-35A-52.10.htm - 1K - Match Info - Similar pages

45-41A-10.10
Section 45-41A-10.10 Proceeds from sale of bonds. All moneys derived from the sale of any bonds
issued by the authority shall be used solely for the purpose or purposes for which the same
are authorized, including, but without limitation to, the use of bond proceeds to establish
reserve funds as security for the payment of the principal of (and premium, if any) and interest
on the bonds, and any costs and expenses incidental thereto. Such costs and expense may include,
but shall not be limited to, the fiscal, engineering, legal, and other expenses incurred in
connection with the issuance of the bonds, and except in the case of refunding bonds, interest
to accrue on such bonds for a period ending not later than two years from their date. (Act
85-185, p. 40, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-41A-10.10.htm - 1K - Match Info - Similar pages

45-41A-40.10
Section 45-41A-40.10 Proceeds from sale of bond. All moneys derived from the sale of any bonds
issued by the authority shall be used solely for the purpose or purposes for which the same
are authorized, including, but without limitation to, the use of bond proceeds to establish
reserve funds as security for the payment of the principal of, and premium, if any, and interest
on the bonds, and any costs and expenses incidental thereto. Such costs and expenses may include
but shall not be limited to the fiscal, engineering, legal, and other expenses incurred in
connection with the issuance of the bonds, and except in the case of refunding bonds, interest
to accrue on such bonds for a period ending not later than two years from their date. (Act
84-415, p. 981, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-41A-40.10.htm - 1K - Match Info - Similar pages

45-8A-111.10
Section 45-8A-111.10 Proceeds from the sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized, including, but without limitation to, the use of bond proceeds to establish
reserve funds as security for the payment of the principal of (and premium, if any) and interest
on the bonds, and any costs and expenses incidental thereto. Such costs and expenses may include
but shall not be limited to (1) the fiscal, engineering, legal, and other expenses incurred
in connection with the issuance of the bonds, and (2) except in the case of refunding bonds,
interest to accrue on such bonds for a period ending not later than two years from their date.
(Act 85-318, p. 223, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-111.10.htm - 1K - Match Info - Similar pages

45-8A-20.10
Section 45-8A-20.10 Proceeds from the sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized, including, but without limitation to, the use of bond proceeds to establish
reserve funds as security for the payment of the principal of (and premium, if any) and interest
on the bonds, and any costs and expenses incidental thereto. Such costs and expenses may include
but shall not be limited to (1) the fiscal, engineering, legal, and other expenses incurred
in connection with the issuance of the bonds, and (2) except in the case of refunding bonds,
interest to accrue on such bonds for a period ending not later than two years from their date.
(Act 85-319, p. 239, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-20.10.htm - 1K - Match Info - Similar pages

11-47-224
Section 11-47-224 Bonds of an authority - Payment out of revenues; security for payment; mortgages,
security interests, or assignments as security for payment. (a) Any bonds issued by an authority
shall be revenue bonds and shall be payable solely out of the revenues of the authority as
may be designated in the proceedings of the board under which the bonds are authorized to
be issued. (b) As security for payment of the principal of and interest on any bonds issued
or assumed by it, an authority may enter into a contract or contracts, and adopt resolutions
or other proceedings containing provisions constituting a part of the contract or contracts
with the holders of the bonds, pertaining to, among other things, the following: (1) Pledging
all or any part of the revenues of the authority to secure the payment of the bonds. (2) Pledging,
assigning, or mortgaging all or any part of the assets of the authority to secure the payment
of the bonds. (3) The creation of reserve, sinking, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-224.htm - 5K - Match Info - Similar pages