Code of Alabama

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11-88-106
Section 11-88-106 Maintenance of sinking fund accounts by official charged with duty of collecting
assessments; institution of mandamus proceedings against officer failing to maintain separate
sinking fund accounts, pay bonds or interest thereon, etc. The official charged with the duty
of collecting assessments shall keep all sinking funds in some bank or banks paying interest
on time deposits to be designated by the board, and shall provide and keep a separate sinking
fund account for each bond issued. If the said officer shall fail to provide and keep the
said separate sinking fund account for each such bond issue in the said bank or banks or shall
divert any of such funds to other uses or shall fail to pay any bond or bonds or the interest
thereon properly payable from the said funds when available, any user of the improvements
financed thereby or any holder of bonds of the series affected by such diversion or failure
shall have the right to apply to any court of competent...
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16-31-2
Section 16-31-2 Fund paid to institution designated. At the time such sum or sums of money
amounting to $1,250.00 shall be donated to the state and paid over to the Treasurer, the said
American Legion or American Legion Auxiliary donating the same shall designate in writing
signed by its commander or president and countersigned by its chairman of the scholarship
committee, and filed with the Comptroller, the particular institutions of learning, among
those enumerated in Section 16-31-1, in which the scholarship is desired. Thereupon it shall
be the duty of the Comptroller to issue a warrant drawn upon the treasurer, in due form, and
to deliver the same to the treasurer of such institution of learning for the said sum of $1,250.00,
or for such several sums of $1,250.00 which shall be donated in this manner to the state,
which warrant or warrants the treasurer shall pay on presentation. Such sum or several sums
of $1,250.00 shall be received by such treasurer of such institution of...
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41-4-14
Section 41-4-14 Use of funds in sinking fund - Books to be kept showing full entries as to
sinking fund. The Director of Finance shall keep a separate book in which separate and full
entries shall be made as to all deposits of sinking funds, which entries shall show with what
bank deposited, or from whom bonds or other obligations are purchased and the terms of the
deposit or the purchase. In the event any sinking fund is used for the purchase of any interest-bearing
bonds or other obligations of the state, the book entries shall show the amount of the funds
so used and from whom the bonds or obligations were purchased. In the event any sinking fund
or part thereof is used for the purchase of any bond or obligation under Section 41-4-12,
for which the particular sinking fund so used was intended and created, which is authorized
to be cancelled and retired when so purchased, the book entries shall show the particular
fund so used, the amount thereof and the time, character and...
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11-92A-23
Section 11-92A-23 Special reserve funds and applications for appropriations. (a) In addition
to all other powers at any time conferred upon an authority by law, an authority may, in connection
with the issuance of any bonds hereunder, create and establish one or more special debt service
reserve funds (a "debt service reserve fund"), and may pay or cause to be paid into
each debt service reserve fund (i) proceeds from bonds issued pursuant hereto to the extent
provided by the authority authorizing the issuance thereof; (ii) any moneys appropriated and
made available by the Legislature for the purpose of such fund; and (iii) any other moneys
that may be made available to the authority from any other source for the purpose of such
fund. All moneys held in a debt service reserve fund shall be used solely for the payment
of the principal of, premium, if any, and interest on bonds secured, in whole or in part,
by that fund when and as the same become due and payable as provided in the...
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11-81-82
Section 11-81-82 Notice of election. Notice of such election shall be given by publication
in a newspaper published in the county in which the election is to be held once a week for
three successive weeks, the first publication to be made at least 30 days before the election,
which notice shall state the purpose for which the election is to be held, the time and places
for holding the same, the amount of the proposed bond issue, the maximum rate of interest
proposed to be paid, the time or times when the bonds are to mature and the amount that is
to mature at each such time, and the purpose for which the bonds are to be issued, and such
notice shall be signed by the probate judge or chairman of the county commission or by such
other person as the governing body may designate, and if no newspaper is published in the
county the notice must be posted in five public places in the county at least 30 days before
the time of holding the election. (Acts 1927, No. 478, p. 534; Code 1940, T. 12,...
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16-13-72
Section 16-13-72 Refunding warrants. Any county board of education and any city board of education
may from time to time sell and issue refunding warrants for the purpose of refunding the principal
of warrants then outstanding that were issued by the said board of education under the provisions
of either this article or any other act or statute, and the interest accrued on the warrants
to be refunded, whether or not the principal of the said outstanding warrants shall have matured
at the time of the issuance of the refunding warrants and regardless of the date on which
the warrants to be refunded shall have a stated maturity or shall be subject to redemption
or cancellation. Any premium necessary to redeem or retire the warrants to be so refunded
may be paid out of the proceeds from the refunding warrants; and the total principal amount
of the refunding warrants shall not exceed the sum of (i) the principal of the warrants to
be refunded, (ii) the interest accrued and unpaid thereon...
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31-2-14
Section 31-2-14 Bonds of persons responsible for public or military property or public funds.
(a) Persons required to give bond. Any person to whom public or military property is issued
at any time, or to whom any public money is paid or who disburses any such funds, may be required
to give bond in a surety company conditioned faithfully to perform the duties of his office,
in such amounts and under such rules and regulations established by the Adjutant General,
to use all care in the safekeeping of military stores and property committed to his custody,
to account for the same and to deliver to his successor, or to any other person authorized
to receive the same, all such military property and to properly account for all public money
received by him, and for all public money disbursed, the bonds to be approved by the Adjutant
General, and the premiums thereon to be paid by the state; provided, that no person shall
be held liable for loss of public money deposited in any state or...
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11-54-181
Section 11-54-181 Refunding bonds. Any bonds issued by an authority may from time to time be
refunded by the issuance, by sale or exchange, of refunding bonds payable from the same or
different sources for the purpose of paying all or any part of the principal of the bonds
to be refunded, any redemption premium required to be paid as a condition to the redemption
prior to maturity of any such bonds that are to be so redeemed in connection with such refunding,
any accrued and unpaid interest on the bonds to be refunded, any interest to accrue on each
bond to be refunded to the date on which it is to be paid, whether at maturity or by redemption
prior to maturity, and the expenses incurred in connection with refunding; provided, that
unless duly called for redemption pursuant to provisions contained therein, the holders of
any such bonds then outstanding and proposed to be refunded shall not be compelled without
their consent to surrender their outstanding bonds for such refunding. Any...
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11-54A-12
Section 11-54A-12 Refunding bonds. Any bonds issued by the authority may from time to time
be refunded by the issuance, by sale or exchange, of refunding bonds payable from the same
or different sources for the purpose of paying all or any part of the principal of the bonds
to be refunded, any redemption premium required to be paid as a condition to the redemption
prior to maturity of any such bonds that are to be so redeemed in connection with such refunding,
any accrued and unpaid interest on the bonds to be refunded, any interest to accrue on each
bond to be refunded to the date on which it is to be paid, whether at maturity or by redemption
prior to maturity, and the expenses incurred in connection with refunding; provided, that
unless duly called for redemption pursuant to provisions contained therein; the holders of
any such bonds then outstanding and proposed to be refunded shall not be compelled without
their consent to surrender their outstanding bonds for such refunding. Any...
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11-89A-12
Section 11-89A-12 Refunding bonds. Any bonds issued or assumed by an authority may from time
to time be refunded by the issuance, by sale or exchange, of refunding bonds payable from
the same or different sources for the purpose of paying all or any part of the principal of
the bonds to be refunded, any redemption premium required to be paid as a condition to the
redemption prior to maturity of any such bonds that are to be so redeemed in connection with
such refunding, any accrued and unpaid interest on the bonds to be refunded, any interest
to accrue on each bond to be refunded to the date on which it is to be paid, whether at maturity
or by redemption prior to maturity, and the expenses incurred in connection with such refunding;
provided, that unless duly called for redemption pursuant to provisions contained therein,
the holders of any such bonds then outstanding and proposed to be refunded shall not be compelled
without their consent to surrender their outstanding bonds for such...
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