37-13-11
Section 37-13-11 Bonds of authority - Generally. Each authority shall have the power and is
hereby authorized at any time and from time to time to issue and sell its revenue bonds for
any of its corporate purposes. The principal of and the interest on all such bonds shall be
payable solely from, and may be secured by a pledge of, the revenues derived by the authority
from the operation, leasing or sale of any or all of its railroad properties and facilities,
and other property. No bonds issued or contracts entered into by the authority shall ever
constitute or create an obligation or debt of the state, or of any county, city or town within
the state, or a charge against the credit or taxing powers of the state, or of any county,
city or town within the state. Bonds of the authority may be issued by any time and from time
to time, may be in such form, either in bearer form with appurtenant coupons (and subject
to registration as to principal or interest, or both, all as the board may...
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41-10-358
Section 41-10-358 Form, terms, denominations, etc., of bonds; limitation on maturity date,
redemption. The bonds, which may be issued in one or more series, shall be in such forms and
denominations and of such tenor and maturities, shall, if issued as interest-bearing bonds,
bear such rate or rates of interest payable and evidenced in such manner, shall be payable
in such installments, at such time or times and at such place or places, and may contain other
provisions not inconsistent with this article, all as may be provided in the resolution or
resolutions of the directors wherein the bonds are authorized to be issued; provided, that
none of the bonds shall have a specified maturity date later than 30 years after its date.
The authority may at its election retain in the resolution or resolutions under which any
of the bonds are issued an option to redeem all or any thereof and at such redemption price
or prices and after such notice or notices and on such dates and on such terms and...
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9-14A-9
Section 9-14A-9 Bonds - Generally. The bonds issued pursuant to this act shall not be obligations
of said corporations but shall be general obligations of the state with the full faith and
credit and taxing power of the state to be pledged to the prompt and faithful payment of the
principal thereof and the interest and redemption premium (if any) thereon. The proceeds from
the sale of the bonds shall be used exclusively for the purposes described in the aforesaid
constitutional amendment. The bonds may be sold and issued in one or more series at any time
and from time to time, may have such series designations, may be in such forms, principal
amounts, denominations and numbers, may be of such tenor and maturities, may bear such date
or dates, may be payable in such installments and at such time or times, may be payable at
such place or places within or without the state, may bear interest at such rate or rates
payable and evidenced in such manner, may contain provisions for redemption...
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41-10-312
Section 41-10-312 Specifications and priority of bonds. Any bonds of the 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 maturities, shall bear such rate or rates of interest, fixed or floating,
payable and evidenced in such manner, may contain provisions for redemption prior to maturity
and may contain other provisions not inconsistent with this section, all as may be provided
by the resolution of the board of directors whereunder such bonds are authorized to be issued;
provided that no bond of the authority shall have a specified maturity date later than 30
years after its date. In the event that the authority shall make more than one pledge of the
same revenues, such pledges shall, unless otherwise provided in the resolution or resolutions
authorizing the earlier issued bonds, take precedence in the order of the adoption of the
resolutions in which the pledges are made; provided, that each...
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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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41-10-627
Section 41-10-627 Refunding bonds. (a) Any bonds issued by the authority may from time to time
be refunded by the issuance, sale, or exchange of refunding bonds for the purpose of paying
the following items: (1) All or any part of the principal of the bonds to be refunded. (2)
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. (3) Any accrued
and unpaid interest on the bonds to be refunded. (4) 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. (5) The expenses incurred in connection with the refunding. (b) Any refunding
bonds may be sold by the authority at public or private sale at such price or prices as may
be determined by the authority to be most advantageous, or may be exchanged for the bonds
to be refunded. Any such refunding bonds may be executed and delivered by...
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8-6-115
Section 8-6-115 Notifications of intent to issue bonds. On and after May 27, 1978, any issuer
proposing to issue any industrial revenue bonds under authority of the authorizing act shall,
at least 20 days prior to the date of delivery of the industrial revenue bonds, deliver to
the director a notification in writing of its intention to issue the bonds. The director may
for good cause shown, waive, shorten, or, with the consent of the issuer, extend the 20-day
requirement. The notifications shall contain the name and address of the issuer, the lessee,
the guarantor, if any, the trustee, the underwriter, purchaser, fiscal agent, or agents, legal
counsel for each of the above named parties and bond counsel, the estimated face amount of
the bond issue, the estimated capital budget for the project to the extent that the information
is available to the issuer when it files the notification, and any other information prescribed
by the rules and regulations issued by the commission to advise...
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2-6-114
Section 2-6-114 Form and contents of bonds; redemption. (a) Any bonds of the corporation 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 maturities, shall bear such rate or rates of interest,
payable and evidenced in such manner, may contain provisions for redemption prior to maturity,
and may contain other provisions not inconsistent herewith, all as may be provided by the
resolution of the board of directors whereunder such bonds are authorized to be issued; provided,
that no bond of the corporation shall have a specified maturity date later than 30 years after
its date. Each bond of the corporation may be made subject to redemption at the option of
the corporation under such terms and conditions and at such premiums, if any, as may be provided
in the resolution under which the bond is authorized to be issued. The corporation may pay
out of the proceeds of the sale of its bonds all expenses,...
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33-2-156
Section 33-2-156 General provisions relative to inland facilities bonds. In order to provide
funds for the purposes of this article, there are hereby authorized to be sold and issued
bonds of the state not exceeding $10,000,000.00 in aggregate principal amount, under and subject
to the provisions hereinafter set forth. The bonds shall be designated as inland facilities
bonds of the state, series 1970. The bonds shall be general obligations of the state for payment
of the principal of and interest on which the full faith and credit of the state are hereby
irrevocably pledged. The bonds may be issued from time to time in one or more series, shall
bear an appropriate series designation, shall be in such form and denominations and of such
tenor and maturities, shall bear such rate of interest payable in such manner, may contain
provisions for redemption prior to maturity, and may contain other provisions not inconsistent
herewith, all as shall be set forth in an order or resolution of the...
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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant to
this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which the
payment of debt service referable to bonds, notes, or other evidences of indebtedness of a
development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of the
authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes, or
other evidences of indebtedness of a development agency that are issued solely for the purpose
in financing a project and that are guaranteed, in whole or in part,...
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