Code of Alabama

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11-50-405
Section 11-50-405 Bonds - Authorization for issuance; form, terms, denominations, etc.; execution
and delivery; sale; refunding and exchange; issuance of interim receipts or temporary bonds.
The bonds of a district incorporated under this article shall be authorized by resolution
of the board of directors of the district and may be issued in one or more series, may bear
such date or dates, mature at such time or times, bear interest at such rate or rates, be
in such denominations, be in such form, either coupon or registered or both, be executed in
such manner, be payable in such medium of payment, at such place or places, be nonredeemable
or subject to such terms of redemption, with or without premium and be subject to being declared
or becoming due before the maturity date thereof as such resolution or resolutions may provide.
Said bonds may be issued for money or property, either at public or private sale and for such
price or prices as the board of directors shall determine. Such...
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2-3A-55
Section 2-3A-55 Refunding bonds. Pursuant to the provisions of Amendment 619 and this article,
the authority may, at any time and from time to time, issue for the state refunding bonds
of the state for the purpose of refunding any or all of the bonds authorized by the aforesaid
amendment then outstanding (including any refunding bonds that may have been previously issued),
whether such refunding shall occur before, at or after the maturity of the bonds to be refunded.
In the discretion of the authority, refunding bonds may be issued in exchange for such outstanding
bonds or they may be sold and the proceeds thereof applied to the purchase, redemption or
payment of such outstanding bonds. Refunding bonds to be issued in exchange for such outstanding
bonds shall not be issued in a principal amount greater than the principal amount of the bonds
to be refunded. Refunding bonds to be sold pursuant hereto may be issued in such principal
amount or amounts as shall be determined by said...
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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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11-89B-2
Section 11-89B-2 Form, terms, denominations, etc. of bonds; execution and delivery; interest;
sale; issuance of refunding bonds; liability on bonds; source of payment; use of proceeds;
mortgage, deed of trust, etc., containing certain agreements. All bonds issued pursuant to
the provisions of this chapter shall be signed by the chairman of the board of directors or
other governing body or other chief executive officer of such public corporation and attested
by its secretary and the seal of such public corporation shall be affixed thereto; provided,
that a facsimile of the signatures of both of the officers whose signatures will appear on
the bonds may be imprinted or otherwise reproduced thereon in lieu of being manually signed
if the proceedings in which the bonds are authorized to be issued provide for the manual authentication
of such bonds by a trustee, registrar or paying agent; provided further, that a facsimile
of the seal of such public corporation may be imprinted or otherwise...
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24-1-32
Section 24-1-32 Form, denominations, terms, etc., of bonds; sale of bonds; issuance of interim
certificates, etc. The bonds of the authority shall be authorized by its resolution and shall
be issued in one or more series and shall bear such date or dates, mature at such time or
times, not exceeding 60 years from their respective dates, bear interest at such rate or rates,
per annum payable at the time or times, be in such denominations, which may be made interchangeable,
be in such form, either coupon or registered, carry such registration privileges, be executed
in such manner, be payable in such medium of payment, at such place or places, and be subject
to such terms of redemption, with or without premium, as such resolution or its trust indenture
or mortgage may provide. The bonds shall be sold by public or private sale as determined by
the authority. Any public sale of bonds shall be conducted after notice published, at least
10 days prior to the sale in a newspaper published in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-32.htm - 3K - Match Info - Similar pages

11-99B-8
Section 11-99B-8 Bonds of district - Form, terms, denominations; sale; execution and delivery;
refunding; liability thereon; security for payment of principal and interest and payment thereof
generally; provisions in trust indentures executed as security for payment of bonds generally.
All bonds issued by the district shall be signed by the chairman of its board or other chief
executive officer and attested by its secretary and the seal of the district shall be affixed
thereto, and any interest coupons applicable to the bonds of the district shall be signed
by the chairman of its board or other chief executive officer. Any such bonds may be executed
and delivered by the district at any time and from time to time, shall be in such form and
denominations and of such tenor and maturities, shall contain such provisions not inconsistent
with the provisions of this chapter, and shall bear such rate or rates of interest, or no
interest, payable and evidenced in such manner, as may be provided...
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24-1-71
Section 24-1-71 Form, denominations, terms, etc., of bonds; sale of bonds; issuance of interim
certificates, etc. (a) The bonds of the authority shall be authorized by its resolution and
shall be issued in one or more series and shall bear such date or dates, mature at such time
or times, not exceeding 60 years from their respective dates, bear interest at such rate or
rates, payable semiannually, be in such denominations, which may be made interchangeable,
be in such form, either coupon or registered, carry such registration privileges, be executed
in such manner, be payable in such medium of payment, at such place or places, and be subject
to such terms of redemption, with or without premium, as such resolution or its trust indenture
or mortgage may provide. The bonds may be sold at public sale held after both of the following:
(1) A notice shall be published once at least 10 days prior to the sale in a newspaper circulating
in the county. (2) In addition, a notice shall be published...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-71.htm - 3K - Match Info - Similar pages

11-50-237
Section 11-50-237 Execution, sale, etc., of bonds and refunding bonds of corporation generally;
terms, denominations, etc., thereof; charge, application, etc., of revenues from systems to
payment of bonds, etc., generally; vesting of title to systems in municipality and dissolution
of corporation upon payment of bonds in full. (a) All bonds issued by any corporation organized
under this division shall be signed by the chairman of its board of directors or other chief
executive officer and attested by its secretary, and the seal of such corporation shall be
affixed thereto. Any interest coupons applicable to the bonds of such corporation shall be
signed by the chairman of the board of directors or other chief executive officer, but a facsimile
of such signature may be impressed on any such interest coupon in lieu of his manually signing
the same. Any such bonds may be executed and delivered by such corporation at any time and
from time to time, shall be in such form and denominations...
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39-7-23
Section 39-7-23 Authorization for issuance of bonds by authority; terms, denominations, sale,
redemption, etc., of bonds; issuance of interim receipts, certificates, etc. Bonds of an authority
shall be authorized by resolution of the board of trustees of such authority and may be issued
in one or more series, may bear such date or dates, mature at such time or times not exceeding
40 years from their respective dates, bear interest at such rate or rates, payable semiannually,
be in such denominations, be in such form, either coupon or registered, be executed in such
manner, be payable in such medium of payment, at such place or places, be subject to such
terms of redemption, with or without premium, and be subject to being declared or becoming
due before the maturity date thereof as such resolution or resolutions may provide. Said bonds
may be issued for money or property, either at public or private sale, and for such price
or prices as such authority shall determine. Pending the...
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11-101A-11
Section 11-101A-11 Sale of securities. Securities of an authority may be executed and delivered
by it at any time and from time to time, shall be in such form and denominations and of such
tenor and maturity or maturities not exceeding 40 years from their date, shall bear such rate
or rates of interest, which may be fixed or which may float or vary based on some index or
other standard deemed appropriate by the board, shall be payable and evidenced in such manner,
may contain provisions for redemption prior to maturity and may contain other provisions not
inconsistent with this chapter, all as may be provided by the resolution of the board authorizing
the same or by the indenture under which those securities are authorized to be issued. Any
borrowing may be effected by the issuance and sale of securities at either public or private
sale in such manner, at such price or prices, at such time or times, and on such other terms
and conditions as may be determined by the board to be most...
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