22-34-16
Section 22-34-16 Negotiable instruments. All bonds issued by the authority, while registered,
shall be construed to be negotiable instruments even though they are payable from a limited
source. All coupons applicable to any bonds issued by the authority, while the applicable
bonds are registered as to both principal and interest, shall likewise be construed to be
negotiable instruments although payable from a limited source. (Acts 1987, No. 87-226, p.
317, §18.)...
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41-10-280
Section 41-10-280 Bonds constitute negotiable instruments; registration of transfers.
All bonds (and income therefrom) issued by the authority shall be construed to be negotiable
instruments subject to the registration provisions pertaining to transfers, even though they
are payable from a limited source. (Acts 1986, No. 86-420, p. 627, §21.)...
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41-10-320
Section 41-10-320 Bonds and coupons deemed negotiable instruments. All bonds issued
by the authority, while not registered, shall be construed to be negotiable instruments even
though they are payable from a limited source. All coupons applicable to any bonds issued
by the authority, while the applicable bonds are not registered as to both principal and interest,
shall likewise be construed to be negotiable instruments although payable from a limited source
(Acts 1986, No. 86-546, p. 1093, §21.)...
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41-10-465
Section 41-10-465 Bonds constitute negotiable instruments. All bonds issued by the authority
shall be construed to have all the qualities and incidents of negotiable instruments subject
to the registration provisions pertaining to transfers. (Acts 1990, No. 90-602, p. 1079, §16.)...

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41-10-626
Section 41-10-626 Bonds of the authority. (a) General. The authority is authorized from
time to time to sell and issue its bonds in limited amounts and for the purpose of promoting
economic development and industrial recruitment as specified by the Legislature from time
to time by separate act, provided that refunding bonds may be issued by the authority pursuant
to Section 41-10-627 without first obtaining separate authorization from the Legislature.
(b) Sources of payment. Bonds issued by the authority shall be solely and exclusively an obligation
of the authority and shall not create an obligation or debt of the state. Such bonds shall
not be general obligations of the authority but shall be payable solely from one or more of
the following sources: (1) Appropriated funds. (2) The income or proceeds realized by the
authority under any mortgage or security granted to the authority. (3) Amounts derived from
any letter of credit, insurance policy, or other form of credit enhancement...
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41-10-755
Section 41-10-755 Bonds of the authority. (a) General. The authority is authorized from
time to time to sell and issue its bonds for the purpose of providing funds to be transferred
to and deposited in the Alabama Trust Fund and the Rainy Day Account, to provide additional
funds to the Alabama Medicaid Agency, for paying the costs of transportation projects, and
for the purpose of refunding any or all of the authority's outstanding bonds. (b) Sources
of payment. Bonds issued by the authority shall be solely and exclusively an obligation of
the authority and shall not create an obligation or debt of the state. Such bonds shall not
be general obligations of the authority but shall be payable solely from one or more of the
following sources: (1) Appropriated funds. (2) The income or proceeds realized by the authority
under any mortgage or security granted to the authority. (3) Amounts derived from any letter
of credit, insurance policy, or other form of credit enhancement applicable to...
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45-37-90.04
Section 45-37-90.04 Civic Center Authority - Powers; officers; contracts; conflicts
of interest. (a) The power of the authority shall be vested in and exercised by a majority
of the members of the board of directors. The board may delegate to one or more of its members
or its officers, agents, and employees such duties as it may deem proper. The board of directors
shall elect a vice chair of the board, who shall serve as chair in the event of the chair's
absence. The board of directors shall also elect a treasurer and a secretary. The same person
may serve as secretary and treasurer. The secretary and treasurer may or may not be a member
of the board. The treasurer shall act as custodian of all the funds, from whatever sources
derived, received by the authority. The treasurer shall deposit the monies in a separate account
or accounts in one or more bank or banks or trust companies which are duly qualified and doing
business in the State of Alabama. The authority may by resolution or by...
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45-39A-11.03
Section 45-39A-11.03 Civic Center Authority - Powers; officers, contracts. (a) The power
of the authority shall be vested in and exercised by a majority of the members of the board
of directors; however, the board may delegate to one or more of its members or its officers,
agents, and employees such duties as it may deem proper. The board of directors shall elect
a vice chair of the board, who shall serve as chair in the event of the chair's absence. The
board of directors shall also elect a treasurer and a secretary. The same person may serve
as secretary and treasurer. The secretary and treasurer may or may not be a member of the
board. The treasurer shall act as custodian of all the funds, from whatever sources derived,
received by the authority. The treasurer shall deposit the monies in a separate account or
accounts in one or more bank or banks or trust companies which are duly qualified and doing
business in the State of Alabama; provided, however, that the authority may by...
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45-39A-11.04
Section 45-39A-11.04 Civic Center Authority - Construction, maintenance, etc., of civic
center; powers. (a) The authority shall be authorized to construct, maintain, control, operate,
and manage a civic center in the City of Florence. The authority shall be authorized to construct,
maintain, control, operate, and manage all or any of the following to be situated in the civic
center: Buildings to provide offices to be used by the State of Alabama or by any agency,
subdivision, or public corporation thereof or by the county or by one or more municipalities
thereof for any municipal purpose otherwise authorized by law and buildings to house or accommodate
public facilities of the State of Alabama or of any agency, subdivision, or public corporation
thereof or of the county or of any one or more of the municipalities for any municipal purpose
otherwise authorized by law; streets, boulevards, walkways, parkways, and parks; monuments,
statues, and other structures beautifying the civic...
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11-47-227
Section 11-47-227 Construction of bonds as negotiable instruments. Bonds issued by an
authority shall be construed to be negotiable instruments although payable solely from a specified
or limited source. (Acts 1996, No. 96-320, p. 361, §9.)...
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