41-10-361
Section 41-10-361 Liability upon bonds of authority; authorization of authority to pledge for
payment of principal and interest of bonds; bonds deemed negotiable instruments. The bonds
shall not be general obligations of the authority but shall be payable solely out of the funds
appropriated and pledged therefor in Section 41-10-365 of this article. As security for the
payment of the principal of and interest on the bonds issued by it under this article, the
authority is hereby authorized and empowered to pledge for payment of the said principal and
interest the funds that are appropriated and pledged in Section 41-10-365 of this article
for payment of the said principal and interest. All such pledges made by the authority shall
take precedence in the order of the adoption of the resolutions containing such pledges. All
bonds issued by the authority pursuant to the provisions of this article shall be solely and
exclusively obligations of the authority and shall not be an obligation or...
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23-1-311
Section 23-1-311 Bonds and notes - Source of funds; pledge of funds for payment of principal
and interest thereon; negotiability. (a) The obligations authorized by this article shall
not be general obligations of the authority, but shall be payable solely out of the funds
appropriated and pledged in or permitted to be pledged pursuant to Sections 23-1-314 and 23-1-315.
(b) As security for the payment of the principal of and interest on the obligations issued
by it under this article, the authority is hereby authorized and empowered to pledge for payment
of the principal and interest the funds that are appropriated and pledged in or permitted
to be pledged pursuant to Sections 23-1-314 and 23-1-315 for payment of principal and interest,
and to pledge all of such funds or only certain of such funds for payment of principal and
interest, all within the discretion of the authority. (c) Any notes or temporary bonds issued
under this article shall also be payable from the proceeds of any...
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16-16B-7
Section 16-16B-7 (Implementation Conditioned on Separate Legislative Enactment.) Bonds to be
payable solely out of the revenues appropriated; authorization for authority to pledge such
revenues for the bonds. The Bonds shall not be general obligations of the Authority but shall
be limited obligations payable solely out of the residues of the tax receipts appropriated
and pledged in Section 16-16B-6. 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
constitute or create an obligation or debt of the State. As security for the payment of the
principal of, premium, if any, and interest on the Bonds, the Authority is hereby authorized
and empowered to pledge the residues of the tax receipts that are appropriated and pledged
in Section 16-16B-6 hereof for such purposes. All such pledges made by the Authority shall
take precedence in the order of the adoption of the resolutions containing the...
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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...
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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant to
this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which the
payment of debt service referable to bonds, notes, or other evidences of indebtedness of a
development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of the
authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes, or
other evidences of indebtedness of a development agency that are issued solely for the purpose
in financing a project and that are guaranteed, in whole or in part,...
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41-10-28
Section 41-10-28 Execution of bonds and interest coupons; form, terms, denominations, etc.,
of bonds; sale; refunding bonds; liability upon bonds; pledges of certain funds as security
for payment of principal and interest on bonds generally; bonds to be deemed negotiable instruments;
bonds and income therefrom exempt from taxation; use of bonds as security for deposits of
funds of state, etc.; investment of certain state funds and private trust funds in bonds;
public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of
bonds. The bonds of the authority shall be signed by its president and attested by its secretary,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to such bonds shall be signed by the president; 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 being manually subscribed thereon, a facsimile of the...
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41-10-44.6
Section 41-10-44.6 Project obligations generally. (a) Issuance of project obligations. The
authority is authorized and empowered to issue its project obligations from time to time for
the purpose of financing one or more projects in such aggregate principal amount as the board
of directors shall determine to be necessary to provide for all or a portion of the project
costs of the project or projects being financed and to pay the expenses of issuing the project
obligations. (b) Source of payment. All project obligations issued by the authority shall
be limited obligations of the authority payable solely from any combination of the following:
(1) The revenues and receipts of the authority derived from the financing agreement or agreements
entered into by the authority with respect to the project or projects financed by such project
obligations; (2) the income or proceeds realized by the authority under any mortgage or other
security granted to the authority; (3) amounts derived from any...
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16-60-91
Section 16-60-91 Execution, form, terms, sale, etc., of bonds; use of proceeds; security; bonds
legal investments. The bonds of the authority shall be signed by its president and attested
by its secretary and the seal of the authority shall be affixed thereto, and any interest
coupons applicable to such bonds shall be signed by the president; 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 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 facsimile of the president's signature may be printed or otherwise reproduced
on any such interest coupons in lieu of his signing the same. Any bonds of the authority may
be executed and delivered by it at any time and from time to time, shall be in such form and
denominations and of such tenor and maturities, shall bear such rate or...
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41-29-504
Section 41-29-504 Details respecting the bonds. The bonds of the authority shall be signed
by its president and attested by its secretary, and the seal of the authority shall be affixed
thereto or a facsimile of such seal shall be printed or otherwise reproduced thereon; provided,
that: (a) a facsimile of the signature of one, but not both, of the officers may be printed
or otherwise reproduced on any such bonds in lieu of being manually subscribed thereon, and
(b) a facsimile of the signatures of both of the officers may be printed or otherwise reproduced
on such bonds in lieu of being manually affixed thereof if the authority, in its proceedings
with respect to issuance of the bonds, provides for manual authentication of such bonds and
the secretary designates a trustee or paying agent or named individuals who are employees
of the state and who are assigned to the finance department or the state treasurer's office
of the state to authenticate the bonds. Any bonds of the authority may...
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16-16-9
Section 16-16-9 Execution, form, terms and conditions of bonds; sale; refunding bonds; bonds
to be limited obligations; security for payment; bonds as negotiable instruments; exemption
from taxation; bonds as security for deposits and for investment of fiduciary funds. (a) The
bonds of the authority shall be signed by its president and attested by its secretary, and
the seal of the authority shall be affixed thereto, and any interest coupons applicable to
such bonds shall be signed by the president; provided, that a facsimile of the signature of
one, but not both, of the 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 facsimile of the president's signature may be printed or otherwise reproduced on any
such interest coupons in lieu of his manually signing the same. (b) Any bonds...
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