Code of Alabama

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41-10-269
Section 41-10-269 Execution of bonds. All bonds of the authority shall be signed by its chairman
or vice chairman, and the seal of the authority shall be affixed thereto and attested by its
secretary or assistant secretary. The signatures of the chairman, vice chairman, secretary
and assistant secretary may be facsimile signatures and a facsimile of the seal of the authority
may be imprinted on the bonds if the board of directors, in its proceedings with respect to
issuance of such bonds, provides for manual authentication of such bonds by a trustee or paying
agent or by named individuals who are employees of the state and who are assigned to the Department
of Finance or office of the State Treasurer. Delivery of bonds so executed shall be valid
notwithstanding any changes in officers or in the seal of the authority after the signing
and sealing of such bonds. (Acts 1986, No. 86-420, p. 627, ยง10.)...
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2-3A-32
Section 2-3A-32 Execution. The bonds of each series thereof issued pursuant to this article
shall be sold by said authority at public sale as provided in Amendment 618. Said bonds shall
be executed in the name of the state by the Governor and countersigned by the chairman of
the authority, and the Great Seal of the State shall be impressed thereon and attested by
the Secretary of State. A facsimile of the signature of each such official may be imprinted
on any of said bonds in lieu of being manually inscribed thereon, and a facsimile of the Great
Seal of the State may be printed on said bonds in lieu of such seal being manually impressed
thereon. Each such facsimile signature shall be valid in all respects as if the officials
whose facsimile signatures are so used had signed said bonds in person, and any facsimile
of the Great Seal of the State so used shall be valid in all respects as if such seal had
been manually impressed on said bonds. In the event any official who shall sign any...
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2-3A-52
Section 2-3A-52 Execution. The bonds of each series thereof issued pursuant to this article
shall be sold by said authority at public sale as provided in Amendment 619. Said bonds shall
be executed in the name of the state by the Governor and countersigned by the chairman of
the authority, and the Great Seal of the State shall be impressed thereon and attested by
the Secretary of State. A facsimile of the signature of each such official may be imprinted
on any of said bonds in lieu of being manually inscribed thereon, and a facsimile of the Great
Seal of the State may be printed on said bonds in lieu of such seal being manually impressed
thereon. Each such facsimile signature shall be valid in all respects as if the officials
whose facsimile signatures are so used had signed said bonds in person, and any facsimile
of the Great Seal of the State so used shall be valid in all respects as if such seal had
been manually impressed on said bonds. In the event any official who shall sign any...
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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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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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11-54A-10
Section 11-54A-10 Bonds of authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of an interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance of the...
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37-13-12
Section 37-13-12 Bonds of authority - Execution. All bonds shall be signed by the chairman
or vice-chairman and the secretary or treasurer of the authority and the seal of the authority
shall be affixed thereto. A facsimile of the signature of one, but not both, of the officers
whose signatures will appear on the bonds may be imprinted or otherwise reproduced thereon
in lieu of his manually signing the same; provided, however, that a facsimile of the signature
of both such officers may be imprinted or reproduced on such bonds if such bonds are required
to be authenticated by the manual signature of the duly designated registrar of such bonds,
or an authorized officer of such registrar; and provided further, that a facsimile of the
seal of the authority may be imprinted or otherwise reproduced on the bonds in lieu of being
manually affixed thereto. Coupons shall be signed by the chairman or vice-chairman and the
secretary or treasurer of the authority, but a facsimile of the signature...
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4-3-16
Section 4-3-16 Execution and delivery of bonds. All bonds shall be signed by the chairman or
vice-chairman and the secretary or treasurer of the authority and the seal of the authority
shall be affixed thereto; provided, that a facsimile of the signature of one, but not both,
of the officers whose signatures will appear on the bonds may be imprinted or otherwise reproduced
thereon in lieu of his manually signing the same; provided further, that a facsimile of the
seal of the authority may be imprinted or otherwise reproduced on the bonds in lieu of being
manually affixed thereto. Coupons shall be signed by the chairman or vice-chairman and the
secretary or treasurer of the authority, but a facsimile of the signature of such chairman
or vice-chairman and such secretary or treasurer may be impressed or otherwise reproduced
on any such interest coupons in lieu of their manually signing the same. Delivery of bonds
so executed shall be valid notwithstanding any changes in officers or in the...
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4-3-53
Section 4-3-53 Bonds - Execution and delivery. All bonds shall be signed by the chairman or
vice-chairman and the secretary or treasurer of the authority and the seal of the authority
shall be affixed thereto; provided, that a facsimile of the signature of one, but not both,
of the officers whose signatures will appear on the bonds may be imprinted or otherwise reproduced
thereon in lieu of his manually signing the same; provided further, that a facsimile of the
seal of the authority may be imprinted or otherwise reproduced on the bonds in lieu of being
manually affixed thereto. Coupons shall be signed by the chairman or vice-chairman and the
secretary or treasurer of the authority, but a facsimile of the signature of such chairman
or vice-chairman and such secretary or treasurer may be impressed or otherwise reproduced
on any such interest coupons in lieu of their manually signing the same. Delivery of bonds
so executed shall be valid notwithstanding any changes in officers or in the...
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11-92A-14
Section 11-92A-14 Bonds of authority. (a) Bonds of an authority shall be signed by its chairman
and attested by its secretary, the seal of the authority shall be affixed thereto, and any
interest coupons applicable to said bonds shall be signed by the chairman; provided that a
facsimile of the signature of said officers may be printed or otherwise reproduced on any
such bonds in lieu of being manually subscribed thereon, a facsimile of the seal of the authority
may be printed or otherwise produced on any such bonds in lieu of being manually affixed thereto,
and a facsimile of the chairman's signature may be printed or otherwise reproduced on any
such interest coupons in lieu of being manually subscribed thereon, provided that the bonds
have been manually authenticated by a transfer agent of the bond issue. Delivery of the bonds
so executed shall be valid notwithstanding any changes in officers or in the seal of the authority
after the signing and sealing of the bonds. (b) Any bonds may...
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