41-10-626
Section 41-10-626 Bonds of the authority. (a) General. The authority is authorized from
time to time to sell and issue its bonds in limited amounts and for the purpose of promoting
economic development and industrial recruitment as specified by the Legislature from time
to time by separate act, provided that refunding bonds may be issued by the authority pursuant
to Section 41-10-627 without first obtaining separate authorization from the Legislature.
(b) Sources of payment. Bonds issued by the authority shall be solely and exclusively an obligation
of the authority and shall not create an obligation or debt of the state. Such bonds shall
not be general obligations of the authority but shall be payable solely from one or more of
the following sources: (1) Appropriated funds. (2) The income or proceeds realized by the
authority under any mortgage or security granted to the authority. (3) Amounts derived from
any letter of credit, insurance policy, or other form of credit enhancement...
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22-34-17
Section 22-34-17 Obligations solely of authority. All bonds, notes and certificates
issued by the authority shall be solely and exclusively obligations of the authority, payable
solely from the revenues, income, fees or charges which may pursuant to the provisions of
this chapter, be pledged to the payment thereof, and no such bonds, notes or certificates
shall create an obligation or debt of the state. Provided, however, that an agreement by the
authority to make a loan to a public body for a project shall impose an obligation on the
state to make such loan from any funds which are then or may thereafter become available regardless
of the funding of the loan by the public body and subject only to any terms and conditions
set forth in such agreement. (Acts 1987, No. 87-226, p. 317, §19.)...
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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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41-10-277
Section 41-10-277 Refunding bonds. Any bonds issued by the authority may from time to
time thereafter be refunded by the issuance of refunding bonds of the authority. Any such
refunding bonds may be issued regardless of whether the bonds to be refunded shall have then
matured or shall thereafter mature, and such refunding may be effected either by sale of the
refunding bonds and the application of the proceeds thereof to the payment or redemption of
the bonds so refunded or by exchange of the refunding bonds for those to be refunded thereby;
provided, that the holders of any bonds so to be refunded shall not be compelled without their
consent to surrender their bonds for payment or exchange prior to the date on which they are
payable or, if they are called for redemption, prior to the date on which they may be redeemed
by the authority according to their terms. Any refunding bonds of the authority shall be payable
solely from and secured by the revenues out of which the bonds to be...
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11-32-9
Section 11-32-9 Bonds - Form and execution; sale; obligations; notice. (a) All bonds
issued by the authority shall be signed by the chair, vice chair, or executive director and
attested by its secretary or assistant secretary, and the seal of the authority shall be affixed
thereto except that a facsimile of the signature of the officers may be printed or otherwise
reproduced on any of the bonds in lieu of being manually subscribed on the bonds, a facsimile
of the seal of the authority may be printed or otherwise produced on the bonds in lieu of
being manually affixed thereto, if the bonds have been manually authenticated by a transfer
agent of the bond issue. Delivery of executed bonds shall be valid notwithstanding any changes
in officers or in the seal of the authority after the signing and sealing of the bonds. The
bonds may be executed and delivered by the authority at any time and from time to time, shall
be in the form and denominations and of the tenor and maturities, shall...
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24-1A-6
Section 24-1A-6 Bonds. (a) General. The authority may from time to time issue its negotiable
bonds in such principal amounts as, in the opinion of the authority, shall be necessary to
provide sufficient funds for achieving the corporate purposes thereof, the payment of interest
on bonds of the authority, establishment of reserves to secure such bonds and all other expenditures
of the authority incident to, and necessary or convenient to, carrying out its corporate purposes
and powers. (b) Sources of Payment. Bonds issued by the authority shall be payable solely
out of revenues or property of the authority specified in the resolutions authorizing the
issuance of such bonds. To the extent permitted by any contracts with the holders of outstanding
bonds and any other contractual obligations or requirements, the authority may pledge any,
or all, of its revenues or mortgages or assign any, or all, of its assets (whether real or
personal and whether tangible or intangible) to secure the...
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11-20-5
Section 11-20-5 Bonds - Form, terms, denominations, etc.; execution, sale, delivery,
redemption, etc.; applicability of usury, etc., laws. All bonds issued by a county under authority
of this article shall be limited obligations of the county, 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 county within the meaning of any
state constitutional provision or statutory limitation and shall never constitute nor give
rise to a pecuniary liability of the county or a charge against its general credit or taxing
powers, and such fact shall be plainly stated on 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...
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11-54-143
Section 11-54-143 Bonds issued to finance projects. 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 interest or both, may be payable in such...
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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...
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