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41-10-461
Section 41-10-461 Sale of bonds. Bonds may be sold by the authority from time to time
in series, and if sold in more than one series may all be authorized in one initial resolution
of the board of directors with the pledges therefor made in such initial resolution although
some of the details applicable to each series may be specified in the respective resolutions
under which the different series are issued; provided, however, that no bonds of the authority
that are authorized under Act 98-245 shall be sold or counsel hired prior to February 1, 1999.
Each series of the bonds may be sold at public or private sale, as determined by the authority,
at such price or prices as the authority shall determine, and, if sold at public sale either
on sealed bids or at public auction, on a basis determined by the authority to enable it to
effect the sale of the bonds being sold at the lowest effective borrowing cost to the authority;
provided, that if in the event of public sale of the bonds no bid...
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16-16B-5
Section 16-16B-5 (Implementation Conditioned on Separate Legislative Enactment.) Sale
of the bonds. The Bonds may be sold by the Authority from time to time in series, and if sold
in more than one series, may all be authorized in one initial resolution of the Authority
with the pledges therefor made by the Authority in such initial resolution although some of
the details applicable to each series may be specified in the respective resolutions under
which the different series are issued. The Authority, in the course of establishing, by resolution,
a principal amount of Bonds to be authorized for sale at any given time, or to be sold in
any series, may take into account the existence of any unexpended proceeds of prior issues
of bonds of the Authority (and of any other issuer, if such should be deemed by the Authority
to be relevant), and may structure the portions of the allocations provided for in Section
16-16B-9 to be distributed from the proceeds of a particular series (constituting...
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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature
finds that the number of students attending the several school systems located in those areas
of North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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33-13-9
Section 33-13-9 Bonds - Generally. There are hereby authorized to be issued bonds of
the state in aggregate principal amount not exceeding $45,000,000.00 for the purpose of paying
costs of the development, construction, improvements, expansion and modernization (or any
of them) of the State Docks Department at the Port of Mobile. The bonds hereby authorized
shall be general obligations of the state, and the full faith, credit and taxing powers of
the state are hereby irrevocably pledged for the prompt and faithful payment of the principal
thereof and the interest thereon. The bonds may be sold from time to time as the board of
directors may deem advantageous; provided, that no bonds (other than refunding bonds) may
be sold or issued unless the Governor shall have first determined that the issuance of the
bonds proposed to be issued will be necessary to enable the authority to promote, develop,
construct, improve, expand and modernize the state docks facilities. Except as hereinafter...
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33-16-12
Section 33-16-12 Bonds - Generally. There are hereby authorized to be issued bonds of
the state in aggregate principal amount not exceeding $10,000,000.00. The bonds hereby authorized
shall be general obligations of the state, and the full faith and credit of the state are
hereby irrevocably pledged for the prompt and faithful payment of the principal of and the
interest on the bonds. The bonds may be sold from time to time as the board of directors may
deem advantageous; provided, that no bonds (other than refunding bonds) may be sold or issued
unless the Governor shall have first determined that the issuance of the bonds proposed to
be issued will be necessary to enable the authority to fulfill the requirements of local contribution,
participation and cooperation established by the United States in connection with the waterway
project. Except as hereinafter limited, the bonds may be executed and delivered at any time
and from time to time, may be in such forms, denominations, series...
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33-17-12
Section 33-17-12 Bonds - Generally. There are hereby authorized to be issued bonds of
the state in aggregate principal amount not exceeding $10,000,000.00. The bonds hereby authorized
shall be general obligations of the state, and the full faith and credit of the state are
hereby irrevocably pledged for the prompt and faithful payment of the principal of and the
interest on the bonds. The bonds may be sold from time to time as the board of directors may
deem advantageous; provided, that no bonds (other than refunding bonds) may be sold or issued
unless the Governor shall have first determined that the issuance of the bonds proposed to
be issued will be necessary to enable the authority to fulfill the requirements of local contribution,
participation and cooperation established by the United States in connection with the waterway
and the flood control project. Except as hereinafter limited, the bonds may be executed and
delivered at any time and from time to time, may be in such forms,...
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45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other
powers now or hereafter granted by law, the authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by
the Jackson County Commission which are required by law to be deposited to the credit of the
Jackson County Water Authority. c. The revenues derived from any water, sewer, or garbage
system or facility of the authority. (2) To pledge for payment of any bonds issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.06.htm - 13K - Match Info - Similar pages
23-6-8
Section 23-6-8 Bonds of corporation; annual appropriation from state Public Road and
Bridge Fund. (a) The bonds of the corporation shall be signed by its president and attested
by its secretary and the seal of the corporation shall be affixed thereto or a facsimile thereof
printed or otherwise reproduced thereon. The signatures of both the president and the secretary
on any bonds may be facsimile signatures if the board of directors, in its proceedings with
respect to issuance of the bonds, provides for manual authentication thereof, or manual execution
of certificates of registration thereon, by a trustee, registrar, or paying agent or by named
individuals who are employees of the state assigned to the Finance Department or the State
Treasurer's office. Any bonds of the corporation may be executed and delivered by it at any
time and shall be in the form and denominations and of the tenor and maturities, shall bear
the rate or rates of interest payable and evidenced in such manner, may...
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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the
agency shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in
its corporate name. b. May sue and be sued in its corporate name. c. May adopt, use and alter
a corporate seal, which shall be judicially noticed. d. May enter into such contracts and
cooperative agreements with the federal, state and local governments, with agencies of such
governments, with private individuals, corporations, associations, trusts and other organizations
as the board may deem necessary or convenient to enable it to carry out the purposes of this
chapter, including the planned, orderly residential development of the area. e. May adopt,
amend and repeal bylaws. f. May appoint such managers, officers, employees, attorneys and
agents as the board deems necessary for the transaction of its business, fix their compensation,
define their duties, require bonds of such of them as the board may...
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2-6-113
Section 2-6-113 Sale of bonds. Bonds may be sold by the corporation in series, and if
sold in more than one series may all be authorized in one initial resolution of the board
of directors with the pledges made in such initial resolution, although some of the details
applicable to each series may be specified in the respective resolutions under which the different
series are issued. Each series of the bonds may be sold at public or private sale, as determined
by the corporation, at such price or prices as the corporation shall determine, and, if sold
at public sale either on sealed bids or at public auction, on a basis determined by the corporation
to enable it to effect the sale of the bonds being sold at the lowest effective borrowing
cost to the corporation; provided, that if in the event of public sale of the bonds no bid
acceptable to the corporation is received it may reject all bids. Notice of each public sale
or summary notice of sale or both shall be given by publication in...
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