11-54-24
Section 11-54-24 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc. All bonds issued by a municipality under authority of this article shall
be limited obligations of the municipality, the principal of and interest on which shall be
payable solely out of the revenues derived from the leasing of the project to finance which
the bonds are issued. Bonds and interest coupons issued under authority of this article shall
never constitute an indebtedness of the municipality within the meaning of any state constitutional
provision or statutory limitation and shall never constitute nor give rise to a pecuniary
liability of the municipality or a charge against its general credit or taxing powers, and
such fact shall be plainly stated in the face of each such bond. Such bonds may be executed
and delivered at any time and from time to time, may be in such form and denominations, may
be of such tenor, may be in registered or bearer form either as to principal or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-24.htm - 2K - Match Info - Similar pages

11-81-172.1
Section 11-81-172.1 Revenue bonds - Issuance of bonds for refunding of principal of
general or limited obligation warrants, etc. Any county or incorporated municipality in the
State of Alabama may issue revenue bonds under the provisions of this article not only for
the purposes specified in Section 11-81-166, but also for the purpose of refunding
the principal of any outstanding general or limited obligation warrants of any such county
or incorporated municipality that were issued (directly or indirectly) for the purpose of
financing the acquisition, improvement, enlargement, extension or repair of any waterworks
system, gas system, electric system or sanitary sewer system or that were issued to refund
any general or limited obligation warrant or warrants initially issued by such county or incorporated
municipality (directly or indirectly) for the purpose of financing the acquisition, improvement,
enlargement, extension or repair of any waterworks system, gas system, electric system...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-172.1.htm - 1K - Match Info - Similar pages

16-3-28
Section 16-3-28 Authority of board and trustees of institutions to borrow from federal
agencies or others; issuance of bonds, notes and other securities. (a) The State Board of
Education, acting for the respective educational institutions under its supervision, and each
public corporation that conducts one or more state educational institutions under its supervision,
acting through its board of trustees or other governing body, are hereby separately authorized
to exercise and perform any or all of the following powers: (1) To borrow money from the United
States of America or any department or agency thereof, or from any person, firm, corporation
or other lending agency for the purchase, construction, enlargement or alteration of any buildings
or other improvements, including dormitories, dining halls, classrooms, laboratories, libraries,
stadiums, administration buildings and any other buildings and appurtenances thereto suitable
for use by the institution with respect to which the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-3-28.htm - 5K - Match Info - Similar pages

4-3-54
Section 4-3-54 Bonds - Security for payment of principal and interest. In the discretion
of the authority, any bonds may be issued under and secured by an indenture between the authority
and a trustee. Said trustee may be a private person or corporation, including, but not limited
to, any trust company or bank having trust powers, whether such bank or trust company is located
within or without the state. In any such indenture or resolution providing for the issuance
of bonds, the authority may pledge for payment of the principal of and the interest on such
bonds any of its revenues, rents, income or funds to which its right then exists or may thereafter
come into existence and may assign, as security for such payment, any of its leases, franchises,
permits and contracts and, in any such indenture, the authority may mortgage any of its properties,
including any that may be thereafter acquired by it. Any such pledge of revenues shall be
valid and binding from the time it is made, and the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-54.htm - 4K - Match Info - Similar pages

11-47-222
Section 11-47-222 Bonds of an authority - Sale and issuance of refunding bonds; maturity;
limitation on principal amount; use of proceeds; effectuation of refunding by sale or exchange
of bonds. (a) An authority may at any time and from time to time sell and issue its refunding
bonds for the purpose of refunding the principal of and interest on any then outstanding bonds
of the authority, whether or not the bonds shall have matured or be redeemable at the option
of the authority at the time of the refunding, and for the payment of any expenses incurred
in connection with the refunding and any premium or other sum necessary to be paid to redeem
or retire the bonds to be refunded. No refunding bonds shall be issued unless the present
value of all debt service on the refunding bonds (computed with a discount rate equal to the
true interest rate of the refunding bonds and taking into account all underwriting discount
and other issuance expenses) shall not be greater than 95 percent of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-222.htm - 5K - Match Info - Similar pages

2-5A-35
Section 2-5A-35 Refunding bonds. (a) Any bonds issued by the Department of Agriculture
and Industries pursuant to this article may from time to time thereafter be refunded by the
issuance of refunding bonds of the Department of Agriculture and Industries; provided, however,
that no refunding bonds shall be issued unless the present value of all debt service on the
refunding bonds, computed with a discount rate equal to the true interest rate of the refunding
bonds and taking into account all underwriting discount and issuance expenses, shall not be
greater than 97 percent of the present value of all debt service on the bonds to be refunded,
computed using the same discount rate and taking into account the underwriting discount and
other issuance expenses originally applicable to such bonds, determined as if such bonds to
be refunded were paid and retired in accordance with the schedule of maturities, considering
mandatory redemption as a scheduled maturity, provided at the time of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-5A-35.htm - 3K - Match Info - Similar pages

33-2-126
Section 33-2-126 General provisions relative to inland facilities bonds. In order to
provide funds for the purposes of this article, there are hereby authorized to be sold and
issued bonds of the state not exceeding $2,000,000.00 in aggregate principal amount, under
and subject to the provisions hereinafter set forth. The bonds shall be designated as inland
facilities bonds of the state. The bonds shall be general obligations of the state for payment
of the principal of and interest on which the full faith and credit of the state are hereby
irrevocably pledged. The bonds may be issued from time to time in one or more series, shall
bear an appropriate series designation, shall be in such form and denominations and of such
tenor and maturities, shall bear such rate or rates of interest payable in such manner, may
contain provisions for redemption prior to maturity, and may contain other provisions not
inconsistent herewith, all as shall be set forth in an order or resolution of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-126.htm - 4K - Match Info - Similar pages

33-2-156
Section 33-2-156 General provisions relative to inland facilities bonds. In order to
provide funds for the purposes of this article, there are hereby authorized to be sold and
issued bonds of the state not exceeding $10,000,000.00 in aggregate principal amount, under
and subject to the provisions hereinafter set forth. The bonds shall be designated as inland
facilities bonds of the state, series 1970. The bonds shall be general obligations of the
state for payment of the principal of and interest on which the full faith and credit of the
state are hereby irrevocably pledged. The bonds may be issued from time to time in one or
more series, shall bear an appropriate series designation, shall be in such form and denominations
and of such tenor and maturities, shall bear such rate of interest payable in such manner,
may contain provisions for redemption prior to maturity, and may contain other provisions
not inconsistent herewith, all as shall be set forth in an order or resolution of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-156.htm - 4K - Match Info - Similar pages

33-2-37
Section 33-2-37 General provisions relative to additional inland waterways improvement
bonds. In order to provide funds for the purposes of this article, there are hereby authorized
to be sold and issued bonds of the state not exceeding $3,500,000.00 in aggregate principal
amount, under and subject to the provisions hereinafter set forth. The bonds shall be designated
as inland waterways improvement bonds of the state. The bonds shall be general obligations
of the state, for payment of the principal of and interest on which the full faith and credit
of the state are hereby irrevocably pledged. The bonds may be issued from time to time in
one or more series, shall bear an appropriate series designation, shall be in such form and
denominations and of such tenor and maturities, shall bear such rate or rates of interest
payable in such manner, may contain provisions for redemption prior to maturity, and may contain
other provisions not inconsistent herewith, all as shall be set forth in an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-37.htm - 4K - Match Info - Similar pages

33-2-67
Section 33-2-67 General provisions relative to additional inland waterways improvement
bonds. In order to provide funds for the purposes of this article, there are hereby authorized
to be sold and issued bonds of the state not exceeding $1,500,000.00 in aggregate principal
amount, under and subject to the provisions hereinafter set forth. The bonds shall be designated
as inland waterway improvement bonds of the state. The bonds shall be general obligations
of the state, for payment of the principal of and interest on which the full faith and credit
of the state are hereby irrevocably pledged. The bonds may be issued from time to time in
one or more series, shall bear an appropriate series designation, shall be in such form and
denominations and of such tenor and maturities, shall bear such rate or rates of interest
payable in such manner, may contain provisions for redemption prior to maturity, and may contain
other provisions not inconsistent herewith, all as shall be set forth in an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-67.htm - 4K - Match Info - Similar pages