Code of Alabama

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41-10-58
Section 41-10-58 Sale of bonds; public hearing or consent of Department of Finance, etc., not
a prerequisite to issuance of bonds. (a) Any of the bonds may be sold at any time and from
time to time as said board of directors may deem advantageous. The bonds must be sold only
at public sale, either on sealed bids or at public auction, to the bidder whose bid reflects
the lowest net interest cost to the authority for the bonds being sold, computed from the
date of those at the time being sold to their respective maturities; provided, that if no
bid acceptable to the authority is received, it may reject all bids. Notice of each such sale
must be given by publication in either a financial journal or a financial newspaper published
in the City of New York, New York, and also by publication in a newspaper published in this
state which is customarily published not less often than six days during each calendar week,
each of which notices must be published at least one time not less than 10...
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11-61A-13
Section 11-61A-13 Bonds. (a) The authority may issue and sell its interest-bearing revenue
bonds for any corporate purpose at any time or times. The principal of and the interest on
the bonds shall be payable solely from, and may be secured by a pledge of, the revenues derived
by the authority from the operation of any or all of its parking facilities and other property,
or by mortgage of any property of the authority. The bonds issued or contracts entered by
the authority shall not constitute or create an obligation, debt, or charge against the credit
or taxing power of the state, any county, or municipality within the state. (b) The board
may provide for each of the following regarding the bonds: (1) Issuance time or times. (2)
Form and denominations. (3) Tenor. (4) Payment installments, which shall be at a time or times
not exceeding 40 years from their date. (5) Place or places of payment, whether within or
without the state. (6) Interest rate or rates payable and evidenced in a...
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11-89A-9
Section 11-89A-9 Bonds of authority, generally. (a) Any authority shall have the power to issue,
sell, and deliver at any time and from time to time its bonds in such principal amount or
amounts as its board shall determine to be necessary to provide funds: (1) To finance the
costs of a facility or facilities; (2) To refund bonds theretofore issued or assumed by the
authority; (3) To provide funds to enable it to achieve any of its other corporate purposes;
or (4) To accomplish any one or more of the objectives referred to in subdivisions (1) through
(4). (b) Any such bonds may be executed and delivered by the authority 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
in such installments and at such time or times, not exceeding 45 years from the date thereof,
may be payable at such place or places whether within or without the State...
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22-29-8
Section 22-29-8 Bonds - Authorization to issue and sell; security for payment. For the purpose
of providing funds for the state to make grants to local public bodies for a project or projects
or for the payment of obligations incurred or a temporary loan made for any of said purposes,
the authority is hereby authorized, from time to time, to issue and sell its bonds, not exceeding
in the aggregate principal amount, however, $30,000,000.00. Such bonds may be issued in one
or more series, shall be in such form and denominations and of such tenor and maturities,
not exceeding 40 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
with this section as may be provided by the authorizing resolution. As security for the payment
of the principal of and interest on its bonds, the...
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24-1A-7
Section 24-1A-7 Proceeds from sale of bonds; use; issuance procedures; distribution percentages;
allocation of proceeds available for single family mortgage loans. (a) All moneys derived
from the sale of any bonds issued by the authority shall be used solely for the purpose or
purposes for which the same are authorized, including costs and expenses of issue. Such costs
and expenses may include but shall not be limited to: (1) The fiscal, legal and other expenses
incurred in connection with the issuance of the bonds; and (2) Except in the case of refunding
bonds, interest to accrue on such bonds for a period ending not later than two years from
their date. (b) Bonds shall be issued in series, each of which shall be separately designated
in the proceedings authorizing their issuance. The board of directors in the proceedings authorizing
a series of bonds (other than refunding bonds) shall specify the purposes for which the proceeds
of such series shall be used. The proceeds of a series...
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41-29-504
Section 41-29-504 Details respecting the bonds. The bonds of the authority shall be signed
by its president and attested by its secretary, and the seal of the authority shall be affixed
thereto or a facsimile of such seal shall be printed or otherwise reproduced thereon; provided,
that: (a) a facsimile of the signature of one, but not both, of the officers may be printed
or otherwise reproduced on any such bonds in lieu of being manually subscribed thereon, and
(b) a facsimile of the signatures of both of the officers may be printed or otherwise reproduced
on such bonds in lieu of being manually affixed thereof if the authority, in its proceedings
with respect to issuance of the bonds, provides for manual authentication of such bonds and
the secretary designates a trustee or paying agent or named individuals who are employees
of the state and who are assigned to the finance department or the state treasurer's office
of the state to authenticate the bonds. Any bonds of the authority may...
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41-10-55
Section 41-10-55 Issuance and sale of bonds authorized generally; form, terms, denominations,
etc., thereof; bonds to be deemed negotiable instruments; redemption. Bonds of the authority
may be sold from time to time as the board of directors may deem advantageous; provided, that
the aggregate principal amount of bonds of the authority which may be issued under this article
shall be limited to $20,000,000.00, but the said limitation shall not apply to refunding bonds
which may be issued under this article and also shall not apply to bonds of the authority
which may be issued under any other act which may at any time hereafter be enacted. The bonds
shall be in such forms and denominations and of such tenor and maturities, shall bear such
rate or rates of interest payable and evidenced in such manner and may contain other provisions
not inconsistent with this article as may be provided in the resolution or resolutions of
the board of directors of the authority wherein the bonds are...
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16-16-9
Section 16-16-9 Execution, form, terms and conditions of bonds; sale; refunding bonds; bonds
to be limited obligations; security for payment; bonds as negotiable instruments; exemption
from taxation; bonds as security for deposits and for investment of fiduciary funds. (a) The
bonds of the authority shall be signed by its president and attested by its secretary, and
the seal of the authority shall be affixed thereto, and any interest coupons applicable to
such bonds shall be signed by the president; provided, that a facsimile of the signature of
one, but not both, of the said officers may be printed or otherwise reproduced on any such
bonds in lieu of his manually signing the same, a facsimile of the seal of the authority may
be printed or otherwise reproduced on any such bonds in lieu of being manually affixed thereto
and a facsimile of the president's signature may be printed or otherwise reproduced on any
such interest coupons in lieu of his manually signing the same. (b) Any bonds...
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11-11-3
Section 11-11-3 Authority for issuance; form, terms, denominations, retirement, etc.; security
for payment of principal and interest on warrants generally. The county commission of each
such county, in addition to all other powers which it may now have, is hereby empowered from
time to time to authorize, sell and issue interest-bearing warrants of the county in anticipation
of and payable solely out of that portion of the highway gasoline tax required by law to be
distributed to that county. The said warrants may be in such denomination or denominations,
may have such maturity or maturities not exceeding 20 years from their date, may bear interest
at such rate or rates and payable at such times, may be made payable at such place or places
whether within or without this state and may be sold at such time or times and in such manner,
whether publicly or privately, all as the county commission of the county shall determine
most advisable by resolution duly adopted at any lawful meeting of...
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11-56-10
Section 11-56-10 Bonds - Authority for issuance; security for payment of principal and interest
generally; form, terms, denominations, etc.; sale, redemption, etc. The corporation is authorized
at any time and from time to time to issue its interest-bearing revenue bonds for the purpose
of acquiring, constructing, improving, enlarging, completing and equipping one or more projects.
The principal of and the interest on any such bonds shall be payable solely out of the revenues
derived from the project with respect to which such bonds are issued. None of the bonds of
the corporation shall ever constitute an obligation or debt of the state, the county or the
municipality or a charge against the credit or taxing powers of the state, the county or the
municipality. Bonds of the corporation may be issued at any time and from time to time, may
be in such form and denominations, may be of such tenor, may be payable in such installments
and at such time or times, not exceeding 40 years from...
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