2-3A-35
Section 2-3A-35 Refunding bonds. Pursuant to the provisions of Amendment 618 and this article,
the authority may, at any time and from time to time, issue for the state refunding bonds
of the state for the purpose of refunding any or all of the bonds authorized by Amendment
618 then outstanding (including any refunding bonds that may have been previously issued),
whether such refunding shall occur before, at or after the maturity of the bonds to be refunded.
In the discretion of the authority, refunding bonds may be issued in exchange for such outstanding
bonds or they may be sold and the proceeds thereof applied to the purchase, redemption or
payment of such outstanding bonds. Refunding bonds to be issued in exchange for such outstanding
bonds shall not be issued in a principal amount greater than the principal amount of the bonds
to be refunded. Refunding bonds to be sold pursuant hereto may be issued in such principal
amount or amounts as shall be determined by said authority....
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41-10-150
Section 41-10-150 Dissolution of authority; title to property vests in state. At any time when
no bonds or obligations assumed by an authority are outstanding, the board of directors of
an authority may adopt a resolution, which shall be entered upon its minutes, declaring that
the authority shall be dissolved. Upon the filing for record of a certified copy of the said
resolution in the office of the Secretary of State, the authority shall thereupon stand dissolved
and, in the event it owned any property at the time of its dissolution, the title to all of
its properties shall thereupon pass to and vest in the state. (Acts 1979, No. 79-441, p. 710,
§16.)...
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11-88-8
Section 11-88-8 Bonds of authority - Form, terms, denominations, etc.; sale; execution and
delivery; refunding; liability thereon; security for payment of principal and interest and
payment thereof generally; provisions in mortgages, deeds of trust or trust indentures executed
as security for payment of bonds 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 of the 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, a facsimile of the seal of the authority may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto and a...
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11-57-13
Section 11-57-13 Bonds - Execution and delivery. The bonds of the authority shall be signed
by either its president or its vice-president as shall be provided in the resolution under
which the bonds shall be issued, and the seal of the authority shall be affixed to the bonds
and attested by its secretary; 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 on any of the bonds 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
any of the bonds in lieu of being manually affixed thereto. Any interest coupons applicable
to the bonds shall be signed either manually by or with a facsimile of the signature of either
the president or the vice-president of the authority as shall be provided in the resolution
under which the bonds shall be issued. If, after any of the bonds or interest...
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2-3A-14
Section 2-3A-14 Dissolution of authority and vesting of title to its property. At any time
when the authority has no bonds or other obligations outstanding, its board may adopt a resolution,
which shall be duly entered upon its minutes, declaring that the authority shall be dissolved.
Upon filing for record of a certified copy of the said resolution in the office of the Secretary
of State, the authority shall thereupon stand dissolved and in the event it owned any property
at the time of its dissolution, the title to all its properties shall thereupon pass to the
state. (Acts 1980, No. 80-586, p. 913, §14.)...
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22-21-143
Section 22-21-143 Bonds - Execution. The bonds of the authority shall be signed by either its
president or its vice-president, as shall be provided in the resolution under which the bonds
shall be issued, and the seal of the authority shall be affixed to the bonds and attested
by its secretary; 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
on any of the bonds in lieu of his manually signing the same and provided further, that a
facsimile of the seal of the authority may be imprinted, or otherwise reproduced, on any of
the bonds in lieu of being manually affixed thereto. Any interest coupons applicable to the
bonds shall be signed either manually by, or with a facsimile of, the signature of either
the president or the vice-president of the authority, as shall be provided in the resolution
under which the bonds shall be issued. If after any of the bonds or interest...
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22-21-154
Section 22-21-154 Dissolution. At any time when the authority does not have any bonds outstanding,
the board may adopt a resolution, which shall be duly entered upon its minutes, declaring
that the authority shall be dissolved. Upon the filing for record of a certified copy of said
resolution in the office of the judge of probate of the county, the authority shall, thereupon,
stand dissolved, and in the event that it owned any assets or property at the time of its
dissolution, the title to all its assets and property shall thereupon vest in the municipality.
In the event the authority shall at any time have outstanding bonds issued under this article
payable out of the revenues of different projects, then as and when the principal of and interest
on all bonds payable from the revenues derived from any project shall have been paid in full,
title to the project, with respect to which the bonds so paid in full have been paid, shall
thereupon vest in the municipality, but such vesting of...
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22-29-13
Section 22-29-13 Execution of bonds, certificates and promissory notes. The bonds, certificates
and promissory notes of the authority shall be signed by either its president or its vice-president,
as shall be provided in the authorizing resolution, and the seal of the authority shall be
affixed to any bonds so issued and attested by its secretary; provided, that a facsimile of
the signature of one, but not both, of the officers whose signatures shall appear on the bonds
may be imprinted or otherwise reproduced on any of the bonds in lieu of his manually signing
the same and provided, further, that a facsimile of the seal of the authority may be imprinted
or otherwise reproduced on any of the bonds in lieu of being manually affixed thereto. Any
interest coupons applicable to the bonds shall be executed with a facsimile of the signature
of the president or the treasurer as shall be provided in the authorizing resolution. In the
event that, after any of the bonds or interest coupons...
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41-9-962
Section 41-9-962 Authority to issue revenue bonds; purposes; redemption; maturity date limitation;
public or private sale; obligations of project not state; security. (a) The commission shall
have the power and authority to issue and sell at any time its revenue bonds for the purpose
of providing funds to acquire, transport, outfit, renovate, maintain, improve, and berth the
items relevant to the Tuskegee Airmen and other related historic artifacts and to construct,
improve, enlarge, complete, maintain, operate, and equip the museum established in this article
and for the payment of obligations incurred. (b) The principal of and interest on any bonds
shall be payable solely out of the revenues derived from the project. All bond service payments
shall be subordinate to the acquisition, establishment, and maintenance of a reasonable maintenance
and operating fund. (c) Any bonds of the commission may be delivered by the commission at
any time and shall be in such form and denominations...
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11-49B-15
Section 11-49B-15 Freedom of authority from Public Service Commission and other state supervision
and control. (a) This chapter is intended to aid the state in the execution of its duties
by providing appropriate and independent instrumentalities of the state with full and adequate
powers to fulfill their functions. Except as otherwise provided by this chapter, no proceeding,
notice, or approval shall be required for the following: (1) Incorporation of any authority
or the amendment of its certificate of incorporation. (2) The acquisition of any property
or transit system, or the issuance of any bonds, mortgage and deed of trust, or trust indenture.
(b) The authority, every transit system of the authority, any public transportation service
provided by the authority, and the rates and charges of the authority 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...
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