11-9-2
Section 11-9-2 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county which is
now levying or may hereafter levy a special sanitary tax shall have the power from time to
time to sell and issue, in addition to all other securities which it may now or hereafter
be authorized to issue, interest-bearing warrants or certificates of indebtedness of such
county for the purpose of paying the costs of acquiring, providing, constructing, enlarging
or extending a sanitary sewer system or systems or any part or parts thereof, including sanitary
sewers, outfall lines, a sewage disposal plant or plants and appurtenances to any thereof;
provided, that the maximum principal amount of warrants and certificates of indebtedness that
may be issued under the provisions of this article shall not exceed $1,500,000.00. Any such
warrants or certificates of indebtedness may be in such denomination or...
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11-9-22
Section 11-9-22 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county shall have
the power from time to time to sell and issue interest-bearing warrants of such county for
the purpose of paying costs to that county of acquiring and providing one or more waterworks
systems for the purpose of rendering water service in any part of the county; provided, that
the county shall not render water service within any municipality except pursuant to franchise
granted to the county by such municipality. Any warrants issued under the provisions of this
article may be in such denomination or denominations, may have such maturity or maturities
not exceeding 30 years from their date, may bear interest from their date at such rate or
rates payable at such times, may be payable at such place or places within or without the
state, may be sold at such time or times and in such manner, whether publicly...
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41-10-143
Section 41-10-143 Bonds - Contracts to secure payment of principal and interest. As security
for payment of the principal and interest on bonds issued or obligations assumed by it, an
authority may enter into a contract or contracts binding itself for the proper application
of the proceeds of bonds and other funds, for the continued operation, leasing and maintenance
of any property and facilities owned or controlled and operated by it or under its authority
or any part or parts thereof, for the imposition and collection of reasonable rates and rentals
for and the promulgation of reasonable regulations respecting the use of property and facilities
of the authority and any service furnished therefrom, for the disposition and application
of its gross revenues or any part thereof and for any other act or series of acts not inconsistent
with the provisions of this article for the protection of the bonds and other obligations
being secured and the assurance that revenues from such property...
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11-88-10
Section 11-88-10 Bonds of authority - Statutory mortgage lien to secure payment of principal
and interest. Any resolution of the board or trust indenture under which bonds may be issued
pursuant to the provisions of this article may contain provisions creating a statutory mortgage
lien, in favor of the holders of such bonds and of the interest coupons applicable thereto,
on the water systems, sewer systems and fire protection facilities or any thereof (including
any after-acquired property) out of the revenues from which such bonds are made payable. The
said resolution of the board or the said trust indenture may provide for the filing for record
in the office of the judge of probate of each county in which any part of such water systems,
sewer systems and fire protection facilities or any thereof may be located of a notice containing
a brief description of such systems and facilities or either, a brief description of such
bonds and a declaration that said statutory mortgage lien has...
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41-10-28
Section 41-10-28 Execution of bonds and interest coupons; form, terms, denominations, etc.,
of bonds; sale; refunding bonds; liability upon bonds; pledges of certain funds as security
for payment of principal and interest on bonds generally; bonds to be deemed negotiable instruments;
bonds and income therefrom exempt from taxation; use of bonds as security for deposits of
funds of state, etc.; investment of certain state funds and private trust funds in bonds;
public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of
bonds. The bonds of the authority shall be signed by its president and attested by its secretary,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to such bonds shall be signed by the president; provided, that a facsimile of the signature
of one, but not both, of said officers may be printed or otherwise reproduced on any such
bonds in lieu of being manually subscribed thereon, a facsimile of the...
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16-18A-6
Section 16-18A-6 Revenue bonds - Contracts to secure payment. As security for payment of the
principal and interest on bonds issued or obligations assumed by it, the authority may enter
into a contract or contracts binding itself for the proper application of the proceeds of
bonds and other funds, for the continued operation and maintenance of any property and facilities,
owned or controlled and operated by it or under its authority or any part or parts thereof,
for the imposition and collection of reasonable rates and rentals for and the promulgation
of reasonable regulations respecting the use of property and facilities of the authority and
any service furnished therefrom, for the disposition and application of its gross revenues
or any part thereof and for any other act or series of acts not inconsistent with the provisions
of this chapter for the protection of the bonds and other obligations being secured and the
assurance that revenues from such property and facilities will be...
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22-3A-8
Section 22-3A-8 Issuance of bonds. For the purposes of acquiring, constructing, installing
and equipping public health facilities, the authority is hereby authorized to issue and sell
from time to time its bonds, which bonds may be in the form of interest-bearing bonds or noninterest-bearing
bonds. Other than refunding bonds, the aggregate principal amount of bonds issued under this
chapter shall not exceed $45,000,000.00; provided, however, that, if the authority determines
that the total net amount of bond proceeds available to provide funds for paying the costs
of acquiring, constructing, improving, and equipping public health facilities (excluding underwriting
discount, other issuance expenses and 10 percent of the principal amount of such bonds to
be used to capitalize or fund a debt service reserve fund as authorized by Section 22-3A-16(b)),
plus the interest income, not exceeding $2,000,000.00, earned on such net amount of bond proceeds
pending expenditure thereof, will be less...
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9-6-10
Section 9-6-10 Bonds - Contracts to secure payment. As security for payment of the principal
and interest on bonds issued or obligations assumed by it, the authority may enter into a
contract or contracts binding itself for the proper application of the proceeds of bonds and
other funds, for the continued operation and maintenance of any equipment, facilities, apparatus
or systems owned or controlled and operated by it or under its authority or any part or parts
thereof, for the imposition and collection of reasonable rates and rentals for and the promulgation
of reasonable regulations respecting the use of equipment, facilities, apparatus and systems
of the authority and any service furnished therefrom, for the disposition and application
of its gross revenues or any part thereof and for any other act or series of acts not inconsistent
with the provisions of this chapter for the protection of the bonds and other obligations
being secured and the assurance that revenues from such...
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41-10-516
Section 41-10-516 Special funds. For the purpose of providing funds for the payment of the
principal of and interest on the bonds issued by the authority under the provisions of this
article, there is hereby created and irrevocably pledged to the payment of such obligations
a special and continuing trust fund which shall consist of all receipts and income from rents
contracted for and received by the authority under leases of the facility or facilities constructed
with the proceeds from the sale of the bonds. There shall be created within said special and
continuing trust fund a reserve fund account of said authority in the State Treasury in which
shall be placed as trust fund and held separate and apart from all other moneys of the state
or of the authority, (1) any moneys left after the completion of the facility and the payment
of all costs in connection therewith and in connection with the issuance of the bonds, and,
(2) all excess rentals and other surplus income from the facility...
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11-50A-19
Section 11-50A-19 Pledge of revenues. All or any part of the gross or net revenues derived
from any particular project or projects, whether or not such revenues were produced by a particular
project for which bonds have been issued, and any income and earnings otherwise received by
the authority from whatever source, and any other funds of the authority, may be pledged by
the authority to the payment of the principal of and interest on bonds as may be provided
in any resolution authorizing the issuance of any bonds or in any trust agreement or indenture
pertaining to those bonds. The funds so pledged may include funds received from one or more
or all sources and may be set aside at regular intervals into sinking funds for which provision
may be made in any resolution, trust agreement or indenture pertaining to the bonds. These
sinking funds may be pledged to and charged with the payment of (i) the interest on the bonds
as it shall become due, (ii) the principal of the bonds as they...
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