11-15-9
Section 11-15-9 Warrants - Authority for issuance; form, terms, denominations, redemption,
etc.; sale. The corporation is authorized to issue its interest-bearing revenue warrants for
the purpose of acquiring, constructing, improving, enlarging, completing and equipping one
or more projects. All warrants issued by the corporation shall be limited obligations of the
corporation, the principal of and interest on which shall be payable solely out of the revenues
derived from the projects with respect to which they are issued. None of the warrants of the
corporation shall ever constitute an obligation or debt of the state or of the county or a
charge against the credit or taxing powers of the state or the county. Warrants of the corporation
may be issued at any time and from time to time, 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...
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11-56-10
Section 11-56-10 Bonds - Authority for issuance; security for payment of principal and interest
generally; form, terms, denominations, etc.; sale, redemption, etc. The corporation is authorized
at any time and from time to time to issue its interest-bearing revenue bonds for the purpose
of acquiring, constructing, improving, enlarging, completing and equipping one or more projects.
The principal of and the interest on any such bonds shall be payable solely out of the revenues
derived from the project with respect to which such bonds are issued. None of the bonds of
the corporation shall ever constitute an obligation or debt of the state, the county or the
municipality or a charge against the credit or taxing powers of the state, the county or the
municipality. Bonds of the corporation may be issued at any time and from time to time, 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 40 years from...
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9-14A-2
Section 9-14A-2 Legislative findings. The Legislature hereby finds and declares that it is
necessary, desirable and in the public interest that the state parks system, public historical
sites, and public historical parks be maintained and improved. It is the intention of the
Legislature by the passage of this chapter to authorize the formation of two public corporations
for the purposes of providing for the acquisition, provision, construction, improvement, renovation,
equipping, and maintenance of the state parks system, public historical sites, and public
historical parks, and to authorize the corporations to provide for payment of the costs of
accomplishing the stated purposes by implementing Amendment 617 to the Constitution of Alabama
of 1901 authorizing the issuance by the state of up to $110,000,000 in aggregate principal
amount of general obligation bonds, which amendment was proposed by Act 98-413 and ratified
by the electors of the state at the 1998 General Election, and by...
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11-50-316
Section 11-50-316 Execution, sale, etc., of bonds and refunding bonds of corporation; terms,
denominations, etc., thereof; charge, application, etc., of revenues from systems for payment
of bonds, etc., generally; vesting of title to systems in municipality and dissolution of
corporation upon payment of bonds in full, etc. (a) All bonds issued by any such corporation
organized or the certificate of incorporation of which is amended under this article shall
be signed by the chairman of the board of directors or other chief executive officer and attested
by its secretary, and the seal of such corporation shall be affixed thereto; provided that,
if authorized by the board of directors of such corporation, said bonds may be executed with
an engraved, imprinted, stamped, or otherwise reproduced facsimile of any signature or seal
in lieu of a manually made signature or manually made impressment of the seal; provided further,
that at least one signature required or permitted to be placed...
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11-98-2
Section 11-98-2 Districts; creation; composition; powers and duties. The creating authority
may by ordinance or resolution, as may be appropriate, create within its respective jurisdiction
districts composed of the territory lying wholly within the municipality or of any part or
all of the territory lying wholly within the county. The districts shall be political and
legal subdivisions of the state, with power to sue and be sued in their corporate names and
to incur debt and issue bonds. The bonds shall be negotiable instruments and shall be solely
the obligations of the district and not the State of Alabama. The bonds and the income thereof
shall be exempt from all taxation in the State of Alabama. The bonds shall be payable out
of the income, revenues, and receipts of the district. The bonds shall be authorized and issued
by resolution or ordinance of the creating authority of the district and shall be of such
series, bear such date or dates, mature at such time or times, not to...
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16-16-14
Section 16-16-14 Use of bond proceeds for loans to local boards of education. The proceeds
derived from the sale of any bonds issued pursuant to subsection (b) of Section 3 of Act 98-373
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the authority, which shall pay therefrom the expenses of issuance thereof.
The proceeds from the sale of the bonds remaining after payment of the expenses of issuance
thereof shall be retained in such fund and, until they are paid out, shall be invested by
the State Treasurer at the direction of the authority in permitted investments which mature
at such time or times as the authority shall direct. Monies in the fund (whether original
proceeds from the sale of the bonds or principal proceeds of matured permitted investments)
shall be available for loan by the authority. The authority is hereby authorized to loan,
and each local board of education is hereby authorized to borrow, such monies under...
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41-9-44
Section 41-9-44 Powers of council generally; liability upon debts or obligations incurred by
council. (a) The council is hereby authorized and empowered: (1) To hold public and private
hearings; (2) To enter into contracts, within the limits of funds available therefor, with
individuals, organizations and institutions, for services furthering the educational objectives
of the council's program; (3) To enter into contracts, within the limit of funds available
therefor, with local and regional associations, for cooperative endeavors furthering the educational
objectives of the council's programs; (4) To accept public or private gifts, grants, donations
or bequests of unrestricted funds; (5) To acquire real property by lease or gift but not by
purchase; (6) To renovate, furnish and maintain such real property and to lease or sublease
the same; (7) To allocate and expend funds from all donations, income and revenue from any
source whatsoever coming into the Treasury, for the fulfillment...
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11-28-2
Section 11-28-2 Authorization of issuance of warrants. In addition to all other warrants which
any county shall have the power to issue pursuant to laws other than this chapter, the county
shall have the power from time to time to sell and issue warrants of the county for the purpose
of paying costs of public facilities. In the proceedings pursuant to which warrants are authorized
to be issued the county commission of the county may, in its discretion, provide that the
warrants shall evidence general obligation debt of such county, in which case the full faith
and credit of the county shall be irrevocably pledged for the payment of the principal of
and interest on the warrants or, alternatively, that the warrants shall evidence limited obligation
debt of the county payable solely from specified pledged funds, in which case the pledged
funds shall be irrevocably pledged for the payment of the principal of and interest on such
warrants as provided in Section 11-28-3. The warrants may be...
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22-23A-11
Section 22-23A-11 Establishment of dedicated source of revenue by community water system for
funding of loan by authority; powers of water system; default; repayment guidelines; project
accounts. (a) In order to provide for the funding of the loan by the authority for a project
to a community water system, such water system shall establish a dedicated source of revenue
to repay only the monies received from the authority and to provide for operation, maintenance
and equipment replacement expenses. Such water system is hereby authorized and empowered,
any existing statute to the contrary notwithstanding, to do and perform any one or more of
the following: (1) To obligate itself to pay to the authority at periodic intervals a sum
sufficient to provide bond debt service with respect to the bonds of the authority issued
to fund the loan for such project and to pay over such debt service to the account of the
project for deposit to the Water Supply Assistance Fund; (2) To levy, collect and...
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22-23B-8
Section 22-23B-8 Funding of a loan. (a) In order to provide for the funding of a loan by the
authority for a project to the public body, such public body shall, to the extent required
by the authority as a condition precedent to the making of a loan, establish a dedicated source
of revenue to repay the moneys received from the authority and to provide for operation, maintenance
and equipment replacement expenses. Such public body is hereby authorized and empowered, any
existing statute to the contrary notwithstanding, to do and perform any one or more of the
following: To obligate itself to pay to the authority at periodic intervals a sum sufficient
to provide bond debt service with respect to the bonds of the authority issued to fund the
loan for such project; To levy, collect and pay over to the authority and to obligate itself
to continue to levy, collect and pay over to the authority the proceeds of any one or more
of the following: Any fee or charge for services from any one or...
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