11-50-8
Section 11-50-8 Execution of mortgages or deeds of trust as security for debts, etc., incurred
in construction, acquisition, etc., of waterworks, electric lighting, or power plants, etc.
All cities and towns, in order to secure the prompt and faithful payment of the principal
and interest of all debts, bonds, or other evidence of indebtedness heretofore or hereafter
incurred or issued by such cities or towns for the construction, acquisition, extension, or
maintenance of waterworks systems or plants, electric lighting plants or systems or power
plants or systems, whether such plants or systems are owned and operated separately or in
conjunction, may execute a mortgage or deed of trust upon any or all of any such plants or
systems and all property used in connection therewith, including the franchise or any part
thereof, whether such property is now owned or hereafter acquired by such city or town. (Acts
1921, Ex. Sess., No. 8, p. 6; Code 1923, §2006; Acts 1933, Ex. Sess., No. 9, p. 6;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-8.htm - 1K - Match Info - Similar pages

11-54-179
Section 11-54-179 Bonds of authority generally. (a) Source of payment. All bonds issued by
an authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of and interest on any bonds issued by an authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-179.htm - 5K - Match Info - Similar pages

11-54A-10
Section 11-54A-10 Bonds of authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of an interest on any bonds issued by the authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-10.htm - 5K - Match Info - Similar pages

11-54A-13
Section 11-54A-13 Notice of bond resolution; 30 days to bring action to question bond validity.
Upon the adoption by the board of the authority of any resolution providing for the issuance
of bonds, the authority may cause to be published once a week for two consecutive weeks, in
a newspaper published or having 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 chairman or secretary of such authority. "The _____
Redevelopment Authority, a public corporation under the laws of the State of Alabama, on the
_____ day of _____ authorized the issuance of $_____ principal amount of bonds of the public
corporation for purposes authorized in the act of the Legislature of Alabama under which the
public corporation was organized. Any action or proceeding questioning the validity of the
bonds, or the pledge and the mortgage and deed of trust or trust indenture to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-13.htm - 2K - Match Info - Similar pages

11-92C-12
Section 11-92C-12 Notice of bond resolution. (a) Upon the adoption by the board of an authority
of any resolution providing for the issuance of bonds, the authority may publish once a week
for two consecutive weeks, in a newspaper published and having general circulation in the
geographical area of the authorizing subdivision, a notice in substantially the following
form, the blanks properly filled in, at the end of which shall be printed the name and title
of either the chair or secretary of the authority. "The _____ Local Redevelopment Authority,
a public corporation under the laws of the State of Alabama, on the _____ day of _____ authorized
the issuance of $_____ principal amount of bonds of the public corporation for purposes authorized
by the state law under which the public corporation was organized. Any action or proceeding
questioning the validity of the bonds, or the pledge and the mortgage and deed of trust or
trust indenture to secure the same, or the proceedings...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-12.htm - 2K - Match Info - Similar pages

11-92C-9
Section 11-92C-9 Bonds of authority. (a) Source of payment. All bonds issued by an authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects, or from any other source as may be designated in the proceedings
of the board under which the bonds are authorized to be issued. (b) Pledge of revenues, receipts,
and other security. The principal and interest on any bonds issued by an authority shall be
secured by a pledge of the revenues and receipts out of which the principal and interest may
be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for the bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (c) Resolutions. The resolution under which
the bonds of an authority are authorized to be issued and any mortgage and deed of trust or
trust indenture may contain any agreements and provisions respecting the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-9.htm - 7K - Match Info - Similar pages

11-95-8
Section 11-95-8 Bonds of corporation - From what source payable; pledge of revenues; execution;
form, interest rate, maturity, sale, and negotiability; nature of obligation and source of
payment; investment eligibility. (a) All bonds issued by a corporation shall be payable solely
from one or more of the following sources as may be designated in the proceedings of the board
under which such bonds shall be authorized to be issued: (1) Hospital taxes; and (2) Revenues
from any hospital facilities owned or operated by it. (b) The principal of and interest on
any bonds issued by a corporation shall be secured by a pledge of the designated revenues
and may be secured by a trust indenture evidencing such pledge or by a non-foreclosable mortgage
and deed of trust conveying as security for such bonds all or any part of the property of
the corporation from which any part of the designated revenues so pledged may be derived.
The resolution of the board under which the bonds are authorized to be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-95-8.htm - 4K - Match Info - Similar pages

45-27A-31.09
Section 45-27A-31.09 Bonds of authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts, and other security. (1) The principle of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27A-31.09.htm - 5K - Match Info - Similar pages

45-35A-52.09
Section 45-35A-52.09 Bonds of authority. (a) Source of payment. All bonds issued by the authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects or of any thereof as may be designated in the proceedings of
the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. (1) The principal of and interest on any bonds issued by the
authority shall be secured by a pledge of the revenues and receipts out of which the same
may be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for such bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (2) The resolution under which the bonds are
authorized to be issued and any such mortgage and deed of trust or trust indenture may contain
any agreements and provisions respecting the operation, maintenance, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-35A-52.09.htm - 5K - Match Info - Similar pages

45-41A-10.09
Section 45-41A-10.09 Boards of the authority. (a) All bonds issued by the authority shall be
payable solely out of the revenues and receipts derived from the leasing or sale by the board
of its projects or of any thereof as may be designated in the proceedings of the board under
which the bonds shall be authorized to be issued. (b)(1) The principal of and interest on
any bonds issued by the authority shall be secured by a pledge of the revenues and receipts
out of which the same may be payable and may be secured by a mortgage and deed of trust or
trust indenture conveying as security for such bonds all or any part of the property of the
authority from which the revenues or receipts so pledged may be derived. (2) The resolution
under which the bonds are authorized to be issued and any such mortgage and deed of trust
or trust indenture may contain any agreements and provisions respecting the operation, maintenance,
and insurance of the property covered by the mortgage and deed of trust...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-41A-10.09.htm - 5K - Match Info - Similar pages