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41-10-467
Section 41-10-467 Bonds may be used to secure deposit and for investment of fiduciary funds.
The state and all public officers, municipal corporations, political subdivisions, and public
bodies, all banks, bankers, trust companies, savings banks and institutions, building and
loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees
and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging
to them or within their control in any bonds of the authority, and such bonds shall be authorized
security for all public deposits, it being the purpose of this article to authorize any persons,
firms, corporations, associations, political subdivisions, bodies, and officers, public or
private, to use any funds owned or controlled by them, including,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-467.htm - 1K - Match Info - Similar pages
2-6-124
Section 2-6-124 Investments. The state and all public officers, municipal corporations, political
subdivisions and public bodies, all banks, bankers, trust companies, savings banks and institutions,
building and loan associations, savings and loan associations, investment companies, and other
persons carrying on a banking business, all insurance companies, insurance associations and
other persons carrying on an insurance business and all executors, administrators, guardians,
trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds
belonging to them or within their control in any bonds of the corporation, and the bonds shall
be authorized security for all public deposits, it being the purpose of this article to authorize
any persons, firms, corporations, associations, political subdivisions, bodies and officers,
public or private, to use any funds owned or controlled by them, including, but not limited
to, sinking, insurance, investment, retirement,...
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24-1-36
Section 24-1-36 Investment by state, fiduciaries, banks, etc., in bonds, etc., issued by authorities.
Notwithstanding any restrictions on investments contained in any laws of this state, the state
and all public officers, municipal corporations, political subdivisions other than county
and public bodies, all banks, bankers, trust companies, savings banks and institutions, building
and loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations, and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees,
and other fiduciaries may legally invest any sinking funds, moneys, or other funds belonging
to them or within their control in any bonds or other obligations issued by a housing authority
pursuant to this article or issued by any public housing authority or agency in the United
States, when such bonds or other obligations are...
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41-10-625
trustees, paying agents, investment bankers, and underwriters as the directors deem necessary
or desirable for the conduct of the business of the authority. (15) To make, enter into, and
execute financing agreements and other contracts, agreements, or other instruments, and to
take other actions as may be necessary or convenient to accomplish any purpose for which the
authority was organized or to exercise any power granted to it. (16) To sell, exchange, and
convey any or all real or personal property belonging to the authority whenever its
directors shall find any such action to be in furtherance of the purposes for which the authority
was organized. (17) To acquire, hold, and dispose of real and personal property. (18)
To exercise any power granted by the laws of the state to public or private corporations which
is not in conflict with the public purpose of this division. (19) To adopt and promulgate
administrative regulations necessary or appropriate to effectuate its...
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41-10-754
trustees, paying agents, investment bankers, and underwriters as the directors deem necessary
or desirable for the conduct of the business of the authority. (16) To make, enter into, and
execute financing agreements and other contracts, agreements, or other instruments, and to
take other actions as may be necessary or convenient to accomplish any purpose for which the
authority was organized or to exercise any power granted to it. (17) To sell, exchange, and
convey any or all real or personal property belonging to the authority whenever its
directors shall find any such action to be in furtherance of the purposes for which the authority
was organized. (18) To acquire, hold, and dispose of real and personal property. (19)
To sell, assign, or otherwise convey to another person or entity, for such consideration as
the directors of the authority shall determine, the authority's right to receive and collect
the appropriated revenues or any portion thereof that have not been...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-754.htm - 5K - Match Info - Similar pages
23-7-27
Section 23-7-27 Construction and use of bonds. (a) The bonds issued by the bank are legal investments
in which all public officers or public bodies of the state, its political subdivisions, all
municipalities and political subdivisions, all insurance companies and associations and other
persons carrying on insurance business, all banks, bankers, banking associations, trust companies,
savings banks, savings associations, including savings and loan association investment companies,
and other persons carrying on a banking business, all administrators, guardians, executors,
trustees, and other fiduciaries, and all other persons who are now or may be authorized in
the future to invest in bonds or other obligations of the state, may invest funds in their
control or belonging to them. (b) The bonds of the bank are also securities which may be deposited
with and received by all public officers and bodies of the state or any agency or political
subdivision of the state and all municipalities...
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11-50A-16
Section 11-50A-16 Bonds as legal investments. The bonds, bond anticipation notes and notes
authorized in this chapter shall be securities in which all public officers and bodies of
this state and all political subdivisions, all insurance companies and associations, and other
persons carrying on an insurance business, all banks, bankers, trust companies, savings banks,
and savings associations, including savings and loan associations, building and loan associations,
investment companies, and other persons carrying on a banking business, all administrators,
guardians, executors, trustees, and other fiduciaries and all other persons whatsoever who
are now or may hereafter be authorized to invest in bonds or other obligations of the state,
may properly and legally invest funds. The bonds, bond anticipation notes and notes shall
also be securities which may be deposited with and shall be received by all public officers
and bodies of this state and all political subdivisions for any purpose...
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9-10-39
Section 9-10-39 Investment in bonds by state, banks, insurance companies, etc.; deposit of
bonds, etc., with state or municipal officers or agencies. Bonds issued by the corporation
under the provisions of this article are hereby made securities in which the state and all
political subdivisions of this state, their officers, boards, commissions, departments or
other agencies, all banks, bankers, savings banks, trust companies, savings and loan associations,
investment companies and other persons carrying on a banking business, all insurance companies,
insurance associations, and other persons carrying on an insurance business and all administrators,
executors, guardians, trustees and other fiduciaries and all other persons whatsoever who
now are or may hereafter be authorized to invest in bonds or other obligations of the state
may properly and legally invest any funds including capital belonging to them or within their
control. The bonds or other securities or obligations are hereby...
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41-10-541
such obligations, and which meet the greater of 100% collateralization or the "AA"
collateral levels established by Standard & Poor's Rating Group for structured financings;
and h. Uncollateralized investment agreements with, or certificates of deposit issued by banks
or bank holding companies, the senior long-term securities of which are rated at least "AA"
by Standard & Poor's Rating Group and at least "Aa" by Moody's Investors Service.
(11) FINANCED PROPERTY. All property whether real, personal, or mixed, the costs of
which were or are to be paid or reimbursed in whole or in part with the proceeds of bonds
of the authority or the proceeds of authority-guaranteed obligations. (12) FINANCING AGREEMENT.
Any loan, lease, agreement, grant agreement, financing agreement, credit agreement, security
agreement, mortgage, indenture, guaranty agreement, or other type of agreement entered into
by the authority in connection with the incurring of authority obligations. (13) FUNDING AGREEMENT....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-541.htm - 13K - Match Info - Similar pages
11-97-2
The board of directors of a corporation. (4) BONDS. Bonds, notes, or other obligations representing
an obligation to pay money. (5) CORPORATION. Any public corporation organized pursuant to
the provisions of this chapter. (6) COSTS. As applied to a facility or any portion thereof,
shall include all or any part of the cost of construction, acquisition, alteration, enlargement,
extension, reconstruction, improvement, and remodeling of a facility, including all lands,
structures, real or personal property, rights, rights-of-way, franchises, easements,
permits, approvals, licenses, and certificates and interests acquired or used for, in connection
with or with respect to a facility, the cost of demolishing or removing any buildings or structures
on land so acquired, including the cost of acquiring lands to which such buildings or structures
may be moved, the cost of all machinery and equipment, financing charges, underwriters' commissions
or discounts, interest prior to, during, and...
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