45-35A-52.12
Section 45-35A-52.12 Notice of bond resolution. (a) 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 Dothan Downtown 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 of the public corporation
for purposes authorized in Act 82-303, 1982 Regular Session (Acts 1982, p. 393). 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 authorizing...
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45-37A-56.33
Section 45-37A-56.33 Bonds of the authority. The authority shall have the power and is hereby
authorized at any time and from time to time to issue and sell its interest bearing 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 of any or all of its parking facilities and other property, or
by mortgage of any property of the authority. None of the 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 at any time and from time to time, may be in such form and denominations, may
be of such tenor, may be payable in such installments and at such time or...
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45-41A-40.12
Section 45-41A-40.12 Notice of bond resolution. (a) 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 Opelika Downtown 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 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 secure the...
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45-8A-111.12
Section 45-8A-111.12 Notice of bond resolution. (a) Upon the adoption by the board of the authority
of any resolution providing for the issuance of bonds, such authority may, in its discretion,
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 chairman or secretary of such authority: "The Oxford Downtown 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 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 secure...
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45-8A-20.12
Section 45-8A-20.12 Notice of bond resolution. Upon the adoption by the board of the authority
of any resolution providing for the issuance of bonds, such authority may, in its discretion,
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 chairman or secretary of such authority: "The Anniston Downtown 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 of the public corporation for purpose 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 secure the...
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11-50A-13
Section 11-50A-13 Immunity from liability; credit not pledged. (a) Neither the members of the
election committee, the members of the board nor any individual executing bonds, bond anticipation
notes or notes on behalf of the authority shall be personally liable thereon by reason of
the issuance thereof. (b) Neither the bonds, bond anticipation notes nor notes issued under
provisions of this chapter nor the instruments evidencing the obligations which constitute
the security therefor shall constitute a debt or a loan or pledge of the full faith and credit
of the state or of any municipality, but all bonds, bond anticipation notes and notes shall
be payable solely from the sources described in Section 11-50A-19 as provided in the resolutions
or trust agreements or indentures authorizing or securing the issuance and payment of the
bonds, bond anticipation notes or notes, as the case may be. The issuance of bonds, bond anticipation
notes or notes shall not obligate the state or any...
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11-54-182
Section 11-54-182 Notice of bond resolution; limitation on proceedings questioning or attacking
bonds. Upon the adoption by the board of any authority of any resolution providing for the
issuance of bonds, such authority may, in its discretion, cause to be published once a week
for two consecutive weeks, in a newspaper published or having a general circulation in the
authorizing municipality, 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: "___, 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 said public corporation for purposes authorized in the act of the Legislature
of Alabama under which the said public corporation was organized. Any action or proceeding
questioning the validity of the said bonds, or the pledge and the...
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41-10-94
Section 41-10-94 Notice of resolution authorizing issuance of bonds; limitation period for
actions contesting validity of bonds, etc. (a) Upon the adoption by the board of any resolution
providing for the issuance of bonds, the corporation may, in its discretion, cause to be published
once a week for two consecutive weeks in a newspaper published in the county 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 the corporation: "Notice of
proposed issuance of revenue bonds of _____ (name of corporation). The above named public
corporation which is a political subdivision of the State of Alabama on the _____ day of _____,
adopted a resolution authorizing the issuance of $_____ principal amount of the revenue bonds
of said corporation for ______, which is a project authorized and permitted by the act of
the Legislature of Alabama under which said corporation was...
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11-81-166
Section 11-81-166 Revenue bonds - Authority for issuance; authorization proceedings generally;
form, terms, denominations, etc.; execution and delivery generally; maturity and sale; payment
generally; trust indentures. (a) Any borrower may issue its revenue bonds for the purpose
of: (1) Financing the acquisition, improvement, enlargement, extension and repair, or any
of them, of a system or systems; (2) Refunding the principal of and the interest on any bonds
of such borrower theretofore issued under this article and then outstanding, whether or not
such principal and interest shall have matured at the time of such refunding; or (3) Financing
any such acquisition, improvement, enlargement, extension and repair, or any of them, and
refunding any such principal and interest. (b) Any bonds issued under this article shall be
made payable solely out of the revenues from the operation of a system or systems of the borrower
and may be made payable from any such revenues without regard to...
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11-92A-12
of revenues or grants of money from public persons and to enter into binding agreements with
those entities, with or without consideration; (13) To enter into deeds, mortgages, leases,
loan agreements, or other agreements with any person; (14) To require and/or accept lease
payments, loan repayments, or other compensation to or for the authority or other public persons
in lieu of sales, use, mortgage, lease, ad valorem, and/or other taxes; (15) To accept donations
of money or real or personal or mixed property from any person; (16) To invest in bank
deposits, U.S. Treasury bills, projects, instruments, real, personal, or mixed property,
and such other investments as the board of directors may from time to time determine to be
appropriate and convenient to accomplish any purpose for which an authority is organized,
including works of internal improvement, interests in private or corporate enterprises, loans
of money or credit to individuals, associations, or corporations, or the...
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