Code of Alabama

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23-2-148
Section 23-2-148 Refunding bonds; purposes. The authority may provide by resolution for the
issuance of refunding bonds for the purpose of refunding any bonds then outstanding which
shall have been issued under the provisions of this article, including the payment of any
redemption premium thereon and any interest accrued or to accrue to the date of redemption
of such bonds, and, if deemed advisable by the authority, for the additional purpose of constructing
improvements, extensions or enlargements of the toll road, bridge or tunnel project or projects
in connection with which the bonds to be refunded shall have been issued. The authority is
further authorized to provide by resolution for the issuance of its bonds for the combined
purpose of: (1) Refunding any bonds then outstanding which shall have been issued under the
provisions of this article, including the payment of any redemption premium thereof and any
interest accrued or to accrue to the date of redemption of such bonds; and...
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22-34-7
Section 22-34-7 Authority authorized to issue bonds. For the purpose of providing funds for
the authority to make loans to public bodies for a project or projects, or for the payment
of obligations incurred or temporary loans made for any of said purposes, the authority is
hereby authorized, from time to time, to issue and sell its bonds or other evidences of indebtedness.
Such bonds may be issued in one or more series; shall be in such form and denominations and
of such terms and maturities, not exceeding 25 years from the date of issue of each series;
shall bear such rate or rates of interest, payable and evidenced in such manner; may contain
such provisions for registration or for redemption prior to maturity; and may contain such
other provisions not inconsistent herewith, all as may be provided by the authorizing resolution.
As security for the payment of the principal of and interest on its bonds, the authority is
authorized to pledge, transfer and assign any obligations of each...
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41-10-268
Section 41-10-268 Authorization, issuance and sale of bonds. The authority is hereby authorized
from time to time to sell and issue its interest-bearing or noninterest-bearing bonds, in
one or more series, not to exceed an aggregate principal amount of $40,000,000.00, excluding
refunding bonds described in Section 41-10-277, for the purpose of providing funds for the
acquisition, construction, installation and equipping of judicial facilities, and for payment
of obligations incurred for any of said purposes. Bonds of the authority may be in such form
and denominations, may be of such tenor, may be payable in such installments and at such time
or times not exceeding 30 years from their date, may be payable at such place or places, may
be redeemable at such times and under such conditions, may bear interest at such rate or rates
payable and evidenced in such manner or may be structured to bear no interest or to reflect
compound interest and may be secured in such manner, all as shall not...
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22-29-8
Section 22-29-8 Bonds - Authorization to issue and sell; security for payment. For the purpose
of providing funds for the state to make grants to local public bodies for a project or projects
or for the payment of obligations incurred or a temporary loan made for any of said purposes,
the authority is hereby authorized, from time to time, to issue and sell its bonds, not exceeding
in the aggregate principal amount, however, $30,000,000.00. Such bonds may be issued in one
or more series, shall be in such form and denominations and of such tenor and maturities,
not exceeding 40 years from the date of issue of each series, shall bear such rate or rates
of interest, payable and evidenced in such manner, may contain such provisions for registration
or for redemption prior to maturity and may contain such other provisions not inconsistent
with this section as may be provided by the authorizing resolution. As security for the payment
of the principal of and interest on its bonds, the...
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2-3A-31
Section 2-3A-31 Issuance and redemption. The bonds of each series issued pursuant to this article
may be issued as serial bonds payable in annual installments or as term bonds or as a combination
thereof, and the principal of the bonds of each such series shall mature or be subject to
mandatory redemption according to such schedule as the board of directors of said authority
shall determine in the resolution authorizing the issuance of such series. Provided, however,
no bonds shall be sold nor counsel or other professional hired or retained by the authority
prior to February 1, 1999. Such bonds may be made subject to redemption prior to their respective
maturities, at the option of the state, on such terms and conditions as shall be provided
by the board of directors of said authority in the resolution authorizing the issuance of
such series. Any or all of such bonds subject to redemption at the option of the state may
be called for redemption by the authority pursuant to a resolution...
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22-23A-7
Section 22-23A-7 Bonds - Authorization to issue and sell; security for payment. For the purpose
of providing funds for the authority to make loans to community water systems for a project
or projects, or to refinance debt of community water systems or for the payment of obligations
incurred or temporary loans made for any of said purposes, the authority is hereby authorized,
from time to time, to issue and sell its bonds or other evidences of indebtedness. Such bonds
may be issued in one or more series; shall be in such form and denominations and of such terms
and maturities, not exceeding 35 years from the date of issue of each series; shall bear such
rate or rates of interest, payable and evidenced in such manner; may contain such provisions
for registration or for redemption prior to maturity; and may contain such other provisions
not inconsistent herewith, all as may be provided by the authorizing resolution. As security
for the payment of the principal of and interest on its...
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11-97-12
Section 11-97-12 Refunding bonds. (a) Any bonds issued or assumed by a corporation may from
time to time be refunded by the issuance, by sale or exchange, of refunding bonds payable
from the same or different sources for the purpose of paying all or any part of the principal
of the bonds to be refunded, any redemption premium required to be paid as a condition to
the redemption prior to maturity of any such bonds that are to be so redeemed in connection
with such refunding, any accrued and unpaid interest on the bonds to be refunded, any interest
to accrue on each bond to be refunded to the date on which it is to be paid, whether at maturity
or by redemption prior to maturity, and the expenses incurred in connection with such refunding
including, without limitation to, attorneys' fees, costs of printing the refunding bonds,
financial advisors' fees and accountants' fees; provided, that unless such bonds are duly
called for redemption pursuant to provisions contained therein, the...
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2-3A-51
Section 2-3A-51 Issuance and redemption. The bonds of each series issued pursuant to this article
may be issued as serial bonds payable in annual installments or as term bonds or as a combination
thereof, and the principal of the bonds of each such series shall mature or be subject to
mandatory redemption according to such schedule as the board of directors of said authority
shall determine in the resolution authorizing the issuance of such series. Such bonds may
be made subject to redemption prior to their respective maturities, at the option of the state,
on such terms and conditions as shall be provided by the board of directors of said authority
in the resolution authorizing the issuance of such series. Any or all of such bonds subject
to redemption at the option of the state may be called for redemption by the authority pursuant
to a resolution adopted by the board of directors thereof if pursuant to appropriations theretofore
made by the Legislature, the moneys required for such...
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11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution, sale,
delivery, redemption, etc.; security for payment of principal or interest; remedies upon default;
liability of municipalities, board, etc., thereupon. (a) Any authority shall have power to
issue from time to time its bonds and notes in such principal amount as its board shall determine
to be necessary to provide sufficient funds for achieving any of its corporate purposes, including
the payment of interest on any of its notes and bonds, the establishment of reserves to secure
any such notes and bonds and all other expenditures of such authority incident to and necessary
or convenient to carry out its corporate purposes and powers. Any authority shall also have
the power to issue from time to time notes to renew notes and bonds to pay notes, including
interest thereon and, whenever it deems refunding expedient, to refund any bonds by the issuance
of new bonds, whether the bonds to be refunded...
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9-14A-16
Section 9-14A-16 Refunding bonds. Pursuant to the provisions of the aforesaid amendment and
this chapter, the corporations 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 the aforesaid amendment 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 corporations, 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...
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