|
41-10-630
Section 41-10-630 Pledge and appropriation of tobacco revenues to redeem bonds. There is hereby
irrevocably pledged and appropriated such amounts of tobacco revenues retained in the special
fund, and earnings thereon, as shall be necessary to pay and to redeem prior to their respective
maturities the principal, interest, and premium, if any, on the authority's bonds and to pay
the principal of and the interest on any refunding bonds issued to refund such bonds. (Act
99-353, p. 538, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-630.htm - 800 bytes - Match Info - Similar pages
41-10-570
Section 41-10-570 Pledge and appropriation of state revenues from TVA payments to pay and redeem
bonds prior to maturity. There is hereby irrevocably pledged and appropriated such amounts
as may be necessary to pay and to redeem prior to their respective maturities the principal
of and the interest on any issue of bonds or to pay the principal of and the interest on any
refunding bonds issued to refund any revenue bonds that shall be issued by the Alabama Incentives
Finance Authority from the revenues retained by the State of Alabama from the in-lieu-of-taxes
payments made by the Tennessee Valley Authority (which are herein called the "TVA payments")
following the distribution of a portion of such TVA payments to certain counties in the State
of Alabama as provided in Section 40-28-2, and following the pledge and appropriation of TVA
payments pursuant to Section 41-9-783, for the Tennessee Valley Exhibit Commission Bonds outstanding
on July 20, 1995. (Acts 1995, No. 95-372, p. 746,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-570.htm - 1K - Match Info - Similar pages
41-10-759
Section 41-10-759 Pledge and appropriation of BP settlement revenue to pay bonds. There is
hereby irrevocably pledged and appropriated such amounts of the BP settlement revenues retained
in the special fund, and earnings thereon, as shall be necessary to pay the principal, interest,
and premium, if any, on the authority's bonds, to redeem such bonds prior to maturity if called
for redemption by the authority, and to pay the principal of, the interest, and premium, if
any, on any refunding bonds issued to refund such bonds. (Act 2016-469, 1st Sp Sess., §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-759.htm - 872 bytes - Match Info - Similar pages
41-10-675
Section 41-10-675 Pledge and appropriation of pledged revenues. There is hereby irrevocably
pledged and appropriated such amount of pledged revenues deposited in the special fund, and
earnings thereon, as may be necessary to pay and to redeem prior to their respective maturities
the principal, interest, and premium, if any, on the bonds; provided, however that the bonds
may not be issued in principal amounts and maturities such that the debt service payable on
such bonds may ever be greater than the amounts permitted by the Enabling Act. (Act 2001-691,
p. 1430, §6.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-675.htm - 880 bytes - Match Info - Similar pages
11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution, sale,
delivery, redemption, etc.; security for payment of principal or interest; remedies upon default;
liability of municipalities, board, etc., thereupon. (a) Any authority shall have power to
issue from time to time its bonds and notes in such principal amount as its board shall determine
to be necessary to provide sufficient funds for achieving any of its corporate purposes, including
the payment of interest on any of its notes and bonds, the establishment of reserves to secure
any such notes and bonds and all other expenditures of such authority incident to and necessary
or convenient to carry out its corporate purposes and powers. Any authority shall also have
the power to issue from time to time notes to renew notes and bonds to pay notes, including
interest thereon and, whenever it deems refunding expedient, to refund any bonds by the issuance
of new bonds, whether the bonds to be refunded...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-8.htm - 12K - Match Info - Similar pages
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
39-7-22
Section 39-7-22 Powers generally; consent of Department of Finance required for issuance or
sale of bonds or other evidence of indebtedness by authority. (a) Subject only to the Constitution
of the State of Alabama, each authority incorporated under this chapter shall have power:
(1) To sue and be sued; (2) To have a seal and alter the same at pleasure; (3) To acquire,
by purchase, gift, devise, lease or exercise of the power of eminent domain or other mode
of acquisition, hold and dispose of property real and personal, tangible and intangible, and
interests therein in its own name, subject to mortgages or other liens or otherwise, and to
pay therefor in cash or on credit and to secure and procure payment of all or any part of
the purchase price thereof on such terms and conditions as it shall determine; (4) To make
and enter into contracts, indentures of trust, leases and bonds; (5) To borrow money and to
issue negotiable bonds and provide for the rights of the holders thereof; (6) To...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-7-22.htm - 4K - Match Info - Similar pages
23-1-175.1
Section 23-1-175.1 Infrastructure improvements. (a) In order to accomplish infrastructure improvements
contemplated for the benefit of the Alabama State Docks, the Alabama Highway Finance Corporation
shall have the following powers, in addition to all powers set forth in this article. (1)
To borrow money and issue its bonds in evidence thereof, in a principal amount not to exceed
one hundred fifty million dollars ($150,000,000), for the purpose of financing the widening
and deepening of the Mobile Ship Channel and improvements related thereto. No bond issued
by the corporation for this purpose shall have a specified maturity date later than twenty
years after its issuance date. (2) To issue from time to time one or more series of refunding
bonds for the purpose of refunding any bonds issued pursuant to subdivision (1) or bonds previously
issued to refund such bonds, in any case, however, having a final maturity that is not later
than the final maturity of the bonds being refunded. (3)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-175.1.htm - 3K - Match Info - Similar pages
23-2-144
Section 23-2-144 Powers of the authority. (a) The authority shall have the following powers:
(1) To adopt bylaws for the regulation of its affairs and the conduct of its business. (2)
To adopt an official seal and alter the same at pleasure. (3) To maintain a principal office
and branch offices at the place or places within the state as it may designate. (4) To sue
and be sued in its own name, including suits in tort. (5) With the consent and approval of
the department, to acquire and construct toll road, bridge, or tunnel projects at locations
as the authority may determine to be desirable, practicable, and economically feasible and
to maintain, repair, and operate the projects. (6) To issue toll road, bridge, or tunnel revenue
bonds of the authority for any of its corporate purposes, payable solely from its tolls, other
revenues, and proceeds of the bonds, and to refund its bonds, all as provided in this article.
No bonds issued under the provisions of this article shall constitute a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-2-144.htm - 9K - Match Info - Similar pages
11-22-9
Section 11-22-9 Bond issues - Funds for payment; execution; form; redemption; sale; refunding;
negotiable instruments. (a) All bonds issued by the corporation shall be payable solely out
of the revenues and receipts derived from the operation, leasing or sale by the corporation
of its projects or of any thereof as may be designated in the proceedings of the board of
directors under which the bonds shall be authorized to be issued. (b) Such bonds may be executed
and delivered by the corporation at any time and from time to time, may be in such form and
denominations and of such tenor and maturities, may be in registered or bearer form either
as to principal or interest or both, may be payable at such time or times not exceeding 40
years from the date thereof, may be payable at such place or places whether within or without
the State of Alabama, may bear interest at such rate or rates payable at such time or times
and at such place or places and evidenced in such manner, may be executed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-22-9.htm - 4K - Match Info - Similar pages
|