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41-4-12
Section 41-4-12 Use of funds in sinking fund - Purchase of state bonds in lieu of use of sinking
fund; cancellation and destruction of bonds purchased. Instead of, or in lieu of, using sinking
funds, as is provided for in this article, the Director of Finance, by and with the advice
and consent of the Governor, may purchase, upon the best terms obtainable, state bonds or
obligations for the payment of which the sinking fund was created, and when such bonds or
obligations are so purchased they may be cancelled and retired by the Treasurer, with the
advice and consent of the Governor, but no bond or obligation so purchased shall be cancelled
or destroyed unless it was purchased by and with the sinking funds which were created for
the ultimate payment of such bond or obligation so purchased and cancelled. Such bonds or
obligations, when so cancelled and retired, shall be cancelled and destroyed by the Treasurer
in the presence of the Governor and the Attorney General, and entry thereof...
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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, §76.)...
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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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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16A-7.htm - 24K - Match Info - Similar pages
37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
41-4-10
Section 41-4-10 Use of funds in sinking fund - Purchase and holding in trust of state bonds.
With the consent of the Governor, the funds in the sinking fund for retiring old bonded debt
may be used from time to time by the Department of Finance for the purpose of purchasing and
holding in trust in said fund bonds of the State of Alabama. It shall be the duty of the Department
of Finance to see that the funds coming into any sinking fund are applied in satisfaction
of the bonds against which said sinking fund was created. (Acts 1935, No. 311, p. 743; Acts
1939, No. 112, p. 144; Code 1940, T. 55, §75.)...
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41-4-13
Section 41-4-13 Use of funds in sinking fund - Deposit of funds in savings banks. If any state
sinking funds or any part thereof cannot be invested profitably in any of the other modes
provided for in this article, the Director of Finance, by and with the advice and consent
of the Governor, may direct the Treasurer to deposit any sinking fund or part thereof in a
reputable and solvent savings bank on the best terms obtainable. (Acts 1923, No. 436, p. 585;
Code 1923, §847; Acts 1939, No. 112, p. 144; Code 1940, T. 55, §78.)...
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33-2-8
Section 33-2-8 General provisions relative to inland waterways improvement bonds and temporary
loans. In order to provide funds for the purposes herein authorized, the Governor is hereby
empowered to execute, with the concurrence of the director of state docks, and to sell the
state's bonds in such amounts, not exceeding in the aggregate the sum of $3,000,000.00 as
may be necessary for said purposes, all under and subject to the following provisions: Said
bonds shall be appropriately designated as inland waterways improvement bonds of the state.
The bonds may be issued from time to time in one or more series and the bonds of each series
shall be payable in substantially equal annual installments of principal and interest at such
times as may be designated by the State Docks Department with approval of the Governor; provided,
that the first installment of principal of the bonds of each series must mature not later
than 10 years from the date of such series and the last installment of...
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28-3-40
Section 28-3-40 Composition; qualifications, appointment, term of office and bond of members;
conflicts of interest of members, employees, etc., of board; suspension or removal of members;
office; meetings; quorum. The Alcoholic Beverage Control Board shall consist of three persons,
appointed by the Governor with the advice and consent of the Senate, one of whom shall be
designated by the Governor to be the chair of the board. The membership of the board shall
be inclusive and reflect the racial, gender, geographic, urban/rural, and economic diversity
of the state. Each member of the board at the time of his or her appointment and qualification
shall be a resident of the State of Alabama and shall have resided in the state for a period
of at least 10 years next preceding his or her appointment and qualification, and he or she
shall also be a qualified voter therein. The term of office of each member appointed shall
be six years from the time of his or her appointment and qualification...
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36-17-15
Section 36-17-15 Conversion of coupon bonds into registered bonds and vice versa. (a) All bonds
of the State of Alabama of every kind and character heretofore issued which constitute a direct
obligation of the State of Alabama, and for the payment of which the full faith and credit
of the State of Alabama is pledged, may be converted or exchanged from coupon bonds into registered
bonds of the same series, denominations and maturities and may be converted or exchanged from
registered bonds into coupon bonds of the same series, denominations and maturities in such
manner that coupon bonds and registered bonds of the same series, denominations and maturities
shall be interchangeable, at the option of the holder thereof. (b) The Treasurer, with the
approval of the Governor, is authorized to prescribe regulations for the registration of bonds
and for the conversion or exchange of coupon bonds into registered bonds of the same series,
denominations and maturities and for the conversion or...
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