4-3-17
Section 4-3-17 Security for bonds. In the discretion of the authority, any bonds may be issued
under and secured by an indenture between the authority and a trustee. Said trustee may be
a private person or corporation, including but not limited to any trust company or bank having
trust powers, whether such bank or trust company is located within or without the state. In
any such indenture or resolution providing for the issuance of bonds, the authority may pledge,
for payment of the principal of and the interest on such bonds, any of its revenues to which
its right then exists or may thereafter come into existence and may assign as security for
such payment, any of its leases, franchises, permits and contracts; and, in any such indenture
the authority may mortgage any of its properties, including any that may be thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received by the authority...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-17.htm - 4K - Match Info - Similar pages

41-10-44.11
Section 41-10-44.11 Publication of notice; time limitation on actions questioning bonds or
proceedings. Upon the adoption by the board of directors of the authority of any resolution
providing for the issuance of project obligations, the authority may, in its discretion, cause
to be published once a week for two consecutive weeks, in newspapers published or having a
general circulation in the Cities of Birmingham, Montgomery, Huntsville and Mobile, a notice
in substantially the following form (the blanks being properly filled in) at the end of which
shall be printed the name and title of either the president or the secretary of the authority:
"The State Industrial Development Authority, a public corporation under the laws of the
State of Alabama, on the ______ day of ___, authorized the issuance of $___ principal amount
of bonds or other obligations of the said public corporation for purposes authorized in Title
41, Chapter 10, Article 2A. The proceeds from the sale of the said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.11.htm - 2K - Match Info - Similar pages

45-23A-91.05
Section 45-23A-91.05 Amendments to certificate of incorporation. (a) The certificate of incorporation
of the authority incorporated under this part may at any time and from time to time be amended
in the manner provided in this section. The board shall first adopt a resolution proposing
an amendment to the certificate of incorporation which shall be set forth in full in the resolution
and which amendment may include any matters which might have been included in the original
certificate of incorporation. (b) After the adoption by the board of a resolution proposing
an amendment to the certificate of incorporation of the authority, the chair of the board
and the secretary of the authority shall sign and file a written application in the name of
and on behalf of the authority, under its seal, with the governing body of the city, requesting
such governing body to adopt a resolution approving the proposed amendment, and accompanied
by a certified copy of the resolution adopted by the board...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-23A-91.05.htm - 2K - Match Info - Similar pages

45-27A-31.05
Section 45-27A-31.05 Amendments to certificate of incorporation. (a) The certificate of incorporation
of the authority incorporated under this part may at any time and from time to time be amended
in the manner provided in this section. The board shall first adopt a resolution proposing
an amendment to the certificate of incorporation which shall be set forth in full in the resolution
and which amendment may include any matters which might have been included in the original
certificate of incorporation. (b) After the adoption by the board of a resolution proposing
an amendment to the certificate of incorporation of the authority, the chair of the board
and the secretary of the authority shall sign and file a written application in the name of
and on behalf of the authority, under its seal, with the governing body of the city, requesting
such governing body to adopt a resolution approving the proposed amendment, and accompanied
by a certified copy of the resolution adopted by the board...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27A-31.05.htm - 2K - Match Info - Similar pages

45-35A-52.05
Section 45-35A-52.05 Amendments to certificate of incorporation. (a) The certificate of incorporation
of the authority incorporated under this part may at any time and from time to time be amended
in the manner provided in this section. The board shall first adopt a resolution proposing
an amendment to the certificate of incorporation which shall be set forth in full in the resolution
and which amendment may include any matters which might have been included in the original
certificate of incorporation. (b) After the adoption by the board of a resolution proposing
an amendment to the certificate of incorporation of the authority, the chair of the board
and the secretary of the authority shall sign and file a written application in the name of
and on behalf of the authority, under its seal, with the governing body of the city, requesting
such governing body to adopt a resolution approving the proposed amendment, and accompanied
by a certified copy of the resolution adopted by the board...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-35A-52.05.htm - 2K - Match Info - Similar pages

45-37A-56.35
Section 45-37A-56.35 Security of bonds. In the discretion of the authority any bonds may be
issued under and secured by an indenture between the authority and a trustee. The trustee
may be a private person or corporation, including, but not limited to, any trust company or
bank having trust powers, whether such bank or trust company is located within or without
the state. In any such indenture or resolution providing for the issuance of bonds the authority
may pledge, for payment of the principal of and the interest on such bonds, any of its revenues
to which its right then exists or may thereafter come into existence and may assign, as security
for such payment, any of its leases, franchises, permits, and contracts; and in any such indenture
the authority may mortgage any of its properties, including any properties thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-56.35.htm - 4K - Match Info - Similar pages

45-41A-10.05
Section 45-41A-10.05 Amendments to certificate of incorporation. (a) The certificate of incorporation
of the authority incorporated under this part may at any time and from time to time be amended
in the manner provided in this section. The board shall first adopt a resolution proposing
an amendment to the certificate of incorporation which shall be set forth in full in the resolution
and which amendment may include any matters which might have been included in the original
certificate of incorporation. After the adoption by the board of a resolution proposing an
amendment to the certificate of incorporation of the authority, the chair of the board and
the secretary of the authority shall sign and file a written application in the name of and
on behalf of the authority, under its seal, with the governing body of the city, requesting
such governing body to adopt a resolution approving the proposed amendment, and accompanied
by a certified copy of the resolution adopted by the board...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-41A-10.05.htm - 2K - Match Info - Similar pages

45-41A-10.12
Section 45-41A-10.12 Notice of bond resolution. Upon the adoption by the board of the authority
of any resolution providing for the issuance of bonds, such authority, in its discretion,
may cause to be published once a week for two consecutive weeks, in a newspaper published
or having a general circulation in the city, a notice in substantially the following form
(the blanks being properly filled in) at the end of which shall be printed the name and title
of either the chair or secretary of such authority: "The Auburn Downtown Redevelopment
Authority, a public corporation organized and existing under the laws of the State of Alabama
(the 'Authority'), after notice published on the ______ day of ______, 20__ , in ______, a
newspaper of general circulation in the City of Auburn, Alabama, held a public hearing on
the ______ day of ______, 20__ , regarding its proposed issuance of $_____ principal amount
of bonds of the Authority for purposes authorized in the act of the Legislature of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-41A-10.12.htm - 2K - Match Info - Similar pages

45-41A-40.05
Section 45-41A-40.05 Amendments to certificate of incorporation. (a) The certificate of incorporation
of the authority incorporated under this part may at any time and from time to time be amended
in the manner provided in this section. The board shall first adopt a resolution proposing
an amendment to the certificate of incorporation which shall be set forth in full in the resolution
and which amendment may include any matters which might have been included in the original
certificate of incorporation. (b) After the adoption by the board of a resolution proposing
an amendment to the certificate of incorporation of the authority, the chair of the board
and the secretary of the authority shall sign and file a written application in the name of
and on behalf of the authority, under its seal, with the governing body of the city, requesting
such governing body to adopt a resolution approving the proposed amendment, and accompanied
by a certified copy of the resolution adopted by the board...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-41A-40.05.htm - 2K - Match Info - Similar pages

45-8A-111.05
Section 45-8A-111.05 Amendments to certificate of incorporation. (a) The certificate of incorporation
of the authority incorporated under this part may at any time and from time to time be amended
in the manner provided in this section. The board shall first adopt a resolution proposing
an amendment to the certificate of incorporation which shall be set forth in full in the resolution
and which amendment may include any matters which might have been included in the original
certificate of incorporation. (b) After the adoption by the board of a resolution proposing
an amendment to the certificate of incorporation of the authority, the chairman of the board
and the secretary of the authority shall sign and file a written application in the name of
and on behalf of the authority, under its seal, with the governing body of the city, requesting
such governing body to adopt a resolution approving the proposed amendment, and accompanied
by a certified copy of the resolution adopted by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-111.05.htm - 2K - Match Info - Similar pages