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41-4-11
Section 41-4-11 Use of funds in sinking fund - Sale of bonds; reinvestment of funds;
cancellation of paid bonds. With the consent of the Governor, said bonds so purchased and
held in trust may be sold from time to time by the Department of Finance, if it is deemed
for the best interest of the sinking fund that said transactions be had, and the proceeds
held or reinvested from time to time, provided always said fund be kept intact and be used
at the maturity of the said bonds for the retirement of the same. Bonds in said sinking fund
on maturity dates shall be cancelled and destroyed as other bond obligations of the state
are handled when paid at maturity. (Acts 1935, No. 311, p. 743; Acts 1939, No. 112, p. 144;
Code 1940, T. 55, ยง76.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-4-11.htm - 1K - Match Info - Similar pages
22-23A-8
Section 22-23A-8 Bonds - Procedure for sale. The bonds and other evidences of indebtedness
of the authority may be sold at such time or times as the board of directors may deem advantageous.
The bonds shall be sold by competitive sale unless because of market conditions and/or credit
structures such a sale would be disadvantageous to the state. In the event such a determination
is made by the board of directors, the bonds shall be sold through a negotiated sale and the
managing underwriter(s) shall be selected based on criteria, which shall include but not be
limited to, experience, ability, responsiveness, and fee structure. Said criteria shall be
established by the board of directors and shall be included in a request for proposals for
the managing underwriter(s). Bonds sold at public sale shall be awarded to the bidder whose
bid reflects the lowest true interest cost to the authority for the bonds being sold, computed
to their respective absolute maturities; provided, that if no bid...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23A-8.htm - 1K - Match Info - Similar pages
22-3A-11
Section 22-3A-11 Sale of bonds. Bonds of the authority (including refunding bonds) may
be sold at such price(s) and at such time(s) as the directors may consider advantageous, either
at public sale through competitive bidding or by private sale through negotiation with the
prospective purchaser. The authority may fix the terms and conditions under which each sale
of bonds may be held. The authority may pay out of the proceeds from the sale of the bonds
all expenses, including, but not limited to, fees, premiums, discounts, insurance premiums
and commissions and letters of credit or other credit enhancement fees, as the directors may
deem necessary or advantageous. Neither a public hearing nor consent by the State Department
of Finance or any other department or agency shall be a prerequisite to the issuance of any
of the bonds. All bonds issued by the authority shall contain a recital that they are issued
pursuant to the provisions of this chapter, which recital shall be conclusive...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-11.htm - 1K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-113.htm - 1K - Match Info - Similar pages
16-13-96
Section 16-13-96 Sale - Generally. All warrants issued hereunder shall be sold to the
highest bidder at public sale unless sold at a better price within 30 days after failure to
receive any acceptable bid at a duly advertised public sale in accordance with this section.
A public sale shall be either on sealed bids or at auction. Bidders may be invited to name
the rate or rates of interest which the warrants are to bear or the board of education may
name a rate or rates of interest and invite bids thereon. The notice of a public sale shall
state whether the sale is to be on sealed bids or at auction and shall also state the amount
of the warrants to be sold, the maturities thereof, whether county or district tax is to be
pledged, the amount payable at each maturity and either the rate or rates of interest which
the warrants are to bear or that the bidders are invited to name the rate or rates of interest
and shall also state the time and place of the meeting of the board of education at...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-96.htm - 3K - Match Info - Similar pages
22-23B-7
Section 22-23B-7 Purpose; issuing, selling and refunding of bonds. For the purpose of
providing funds for the authority to make loans to public bodies for a project or projects,
or for the payment of obligations incurred or temporary loans made for any of said purposes,
the authority is hereby authorized, from time to time, to issue and sell its bonds or other
evidences of indebtedness. Such bonds may be issued in one or more series; shall be in such
form and denominations and of such terms and maturities, not exceeding 30 years from the date
of issue of each series; shall bear such rate or rates of interest, payable and evidenced
in such manner; may contain such provisions for registration or for redemption prior to maturity;
and may contain such other provisions not inconsistent herewith, all as may be provided by
the authorizing resolution. As security for the payment of the principal of and interest on
its bonds, the authority is authorized to pledge, transfer and assign any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23B-7.htm - 4K - Match Info - Similar pages
45-15-230
Section 45-15-230 Sale of abandoned, stolen, and unclaimed property. (a) The Sheriff
of Cleburne County, Alabama, shall sell at public auction, in the manner provided in this
section, abandoned and stolen personal property recovered by the Sheriff's Department
of Cleburne County which property has remained unclaimed by the rightful owner thereof for
a period of six consecutive months. (b) The Sheriff of Cleburne County shall keep and maintain
a permanent record of all abandoned and stolen personal property recovered by the Sheriff's
Department of Cleburne County, which records shall state the description of the property,
the date of recovery of the property, the serial or other identifying number of the property,
and the place of recovery of the property. Such records shall be open to public inspection
at all reasonable times. All abandoned or stolen property recovered by the Sheriff's Department
of Cleburne County shall be stored in a suitable place to protect the same from...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-15-230.htm - 3K - Match Info - Similar pages
16-16-14.1
Section 16-16-14.1 Sale of bonds and other details of bonds. From and after August 14,
2009, bonds issued by the authority under subsection (b) of Section 3 of Act 98-373
may be sold by negotiated sale or by competitive bid at such price or prices and at such time
or times as the authority may consider advantageous. In addition, bonds hereafter issued by
the authority under subsection (b) of Section 3 of Act 98-373 may bear such maturities,
may be subject to redemption, or may not be subject to redemption, all on such terms as the
authority may consider advantageous. Notwithstanding any other provision of law, bonds, notes,
or other debt obligations issued under the provisions of the American Recovery and Reinvestment
Act of 2009 or other governmental program providing cost-savings or conditions acceptable
to the authority may be issued by the authority after review by the Alabama Public School
and College Education Incentive Fund Council created in Section 16-16-15. The council
shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16-14.1.htm - 2K - Match Info - Similar pages
45-45-232
Section 45-45-232 Sale of abandoned, stolen, and unclaimed property. (a) The Sheriff
of Madison County, Alabama, is hereby authorized to sell at public auction, in the manner
provided in this section, abandoned and stolen personal property recovered by the Sheriff's
Department of Madison County which has remained unclaimed by the rightful owner thereof for
a period of six consecutive months. (b) The Sheriff of Madison County shall keep and maintain
a permanent record of all abandoned and stolen personal property recovered by the Sheriff's
Department of Madison County which shall state the description of the property, the date of
recovery of the property, the serial or other identifying number of the property, and the
place of recovery of the property. Such records shall be open to public inspection at all
reasonable times. All abandoned or stolen property recovered by the Sheriff's Department of
Madison County shall be stored in a suitable place to protect the same from deterioration;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-45-232.htm - 3K - Match Info - Similar pages
35-12-80
Section 35-12-80 Public sale of abandoned property. (a) Except as otherwise provided
in this section, the Treasurer, within three years after the receipt of abandoned property,
shall sell it to the highest bidder at public sale. The Treasurer may decline the highest
bid and reoffer the property for sale if the Treasurer considers the bid to be insufficient.
The Treasurer need not offer the property for sale, if the Treasurer considers that the probable
cost of sale will exceed the proceeds of the sale. A sale held under this section shall
be preceded by a single publication of notice, at least three weeks before sale, in a newspaper
of general circulation in the county in which the property is to be sold. (b) Securities listed
on an established stock exchange must be sold at prices prevailing on the exchange at the
time of sale. Other securities may be sold over the counter at prices prevailing at the time
of sale or by any reasonable method selected by the Treasurer. All securities...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-12-80.htm - 2K - Match Info - Similar pages
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