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45-49A-64.11
Section 45-49A-64.11 Statutory mortgage lien. Any resolution of the board or trust indenture
under which bonds may be issued pursuant to this part may contain provisions creating a statutory
mortgage lien, in favor of the holders of such bonds and of the interest coupons applicable
thereto, on the transit systems, or any thereof (including any after-acquired property) out
of the revenues from which such bonds are made payable. The resolution of the board or the
trust indenture may provide for the filing for record in the office of the judge of probate
of each county in which any part of such transit system, or any thereof, may be located of
a notice containing a brief description of such systems, a brief description of such bonds,
and a declaration that the statutory mortgage lien has been created for the benefit of the
holders of such bonds and the interest coupons applicable thereto, upon such systems, including
any additions thereto and extensions thereof. Each judge of probate...
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11-49A-12
Section 11-49A-12 Statutory mortgage lien; creation; filing of notice. Any resolution of the
board or trust indenture under which bonds may be issued pursuant to the provisions of this
chapter may contain provisions creating a statutory mortgage lien, in favor of the holders
of such bonds and of the interest coupons applicable thereto, on the transit systems, or any
thereof (including any after-acquired property) out of the revenues from which such bonds
are made payable. The said resolution of the board or the said trust indenture may provide
for the filing for record in the office of the judge of probate of each county in which any
part of such transit system, or any thereof, may be located of a notice containing a brief
description of such systems, a brief description of such bonds, and a declaration that said
statutory mortgage lien has been created for the benefit of the holders of such bonds and
the interest coupons applicable thereto, upon such systems, including any additions...
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11-89B-4
Section 11-89B-4 Resolution of board of directors, etc., or trust indenture containing provisions
creating statutory mortgage lien. Any resolution of the board of directors or other governing
body of such public corporation or trust indenture under which bonds may be issued pursuant
to the provisions of this chapter may contain provisions creating a statutory mortgage lien,
in favor of the holders of such bonds, on the water, sewer and garbage systems or other revenue-producing
and facilities or any thereof (including any after-acquired property) out of the revenues
from which such bonds are made payable. The said resolution of the board of directors or other
governing body of such public corporation or the said trust indenture may provide for the
filing for record in the office of the judge of probate of each county in which any part of
such water, sewer and garbage systems or other revenue-producing facilities or any thereof
may be located of a notice containing a brief description...
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45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other powers
now or hereafter granted by law, the authority shall have the following powers, together with
all powers incidental thereto or necessary to the discharge thereof in corporate form: (1)
To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by the Jackson
County Commission which are required by law to be deposited to the credit of the Jackson County
Water Authority. c. The revenues derived from any water, sewer, or garbage system or facility
of the authority. (2) To pledge for payment of any bonds issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.06.htm - 13K - Match Info - Similar pages
11-97-10
Section 11-97-10 Security for payment of bonds; contracts and agreements to secure. (a) Bonds
issued by any corporation may, as its board may deem advisable, be either general obligations
of such corporation or limited obligations payable only out of certain specified revenues
or assets of such corporation; provided, that any corporation may enter into contracts with
the holders of any of its bonds preventing such corporation from thereafter issuing general
obligation bonds or limiting the amount of such bonds that may thereafter be issued. To the
extent permitted by any contracts with the holders of outstanding bonds and any other contractual
obligations or requirements, any corporation may pledge any of its revenues or mortgage or
assign any of its assets, whether real or personal and whether tangible or intangible, to
secure the payment of any of its bonds. (b) As security for payment of the principal of and
the interest and premium, if any, on any bonds issued or assumed by it, any...
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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...
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11-81-178
Section 11-81-178 Statutory mortgage lien of bondholders - Creation generally; filing, recordation,
etc., of notice thereof. (a) In the authorizing proceedings or in the trust indenture, if
any, under which bonds may be issued pursuant to the provisions of this article, there shall
be created a statutory mortgage lien in favor of the holders of such bonds and of the interest
coupons applicable thereto on each system or systems (including any additions thereto and
extensions thereof that may be thereafter made) out of the revenues from which such bonds
are made payable. (b) The authorizing proceedings or such trust indenture may provide for
the filing for record in the office of the judge of probate of each county in which any part
of such system or systems may be located of a notice containing a brief description of such
system or systems, a brief description of such bonds and a declaration that said statutory
mortgage lien has been created for the benefit of the holders of such bonds...
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44-2-10
Section 44-2-10 Text of compact. The Interstate Compact for Juveniles is enacted into law and
entered into with all jurisdictions mutually adopting the compact in the form substantially
as follows: THE INTERSTATE COMPACT FOR JUVENILES Article I. Purpose. The compacting states
to this interstate compact recognize that each state is responsible for the proper supervision
or return of juveniles, delinquents and status offenders who are on probation or parole and
who have absconded, escaped or run away from supervision and control and in so doing have
endangered their own safety and the safety of others. The compacting states also recognize
that each state is responsible for the safe return of juveniles who have run away from home
and in doing so have left their state of residence. The compacting states also recognize that
Congress, by enacting the Crime Control Act, 4 U.S.C. Section 112 (1965), has authorized and
encouraged compacts for cooperative efforts and mutual assistance in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/44-2-10.htm - 39K - Match Info - Similar pages
11-49B-11
Section 11-49B-11 Statutory mortgage lien. The resolution of the board or trust indenture that
provides for the issuance of bonds may contain provisions creating a statutory mortgage lien,
in favor of the holders of the bonds and of the interest coupons on the transit systems, including
any after acquired property out of the revenues from which the bonds are made payable. The
resolution of the board or the trust indenture may provide for the filing for record in the
office of the judge of probate of each county in which any part of the transit system may
be located of a notice containing a brief description of the systems, a brief description
of the bonds, and a declaration that the statutory mortgage lien has been created for the
benefit of the holders of the bonds and the interest coupons applicable to the bonds upon
the systems, including any additions or extensions to the system. Each judge of probate shall
receive, record, and index the notice filed for record in his or her...
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41-10-63
Section 41-10-63 Authority and procedure for pledge of revenues of authority and creation of
statutory lien upon facilities and properties thereof for payment of principal and interest
on bonds; remedies upon default in payment of principal or interest on bonds. (a) In the proceedings
authorizing the issuance of any of its bonds, the authority is hereby authorized and empowered
to pledge for the payment of the principal of and interest on such bonds, as the said principal
and interest shall respectively mature, and to agree to use solely for such purpose all the
revenues which under the provisions of Section 41-10-65 are provided for the payment of the
said principal and interest. All such pledges made by the authority shall take precedence
in the order of the resolutions containing such pledge. (b) In said proceedings the authority
may further provide and create a statutory lien upon the facilities and properties of the
authority as security for the payment of said principal and...
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