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11-80-7
Section 11-80-7 Authority of municipalities, counties, public corporations, boards of education,
etc., with respect to letters of credit as security for bonds, notes, etc. Any municipality,
county, public corporation, city or county board of education, the State Board of Education,
or any other entity organized pursuant to authorization, determination finding or other action
by any municipality or municipalities, or county or counties, or the governing body of any
one or more thereof, or any public officer or officers of the State of Alabama, is hereby
authorized: (1) To acquire a letter or letters of credit as security for any bonds, notes,
warrants, or other evidences of indebtedness or securities; (2) To pledge such letter or letters
for the benefit of such bonds, notes, warrants, or other evidences of indebtedness or securities;
(3) To pay the premium or premiums on such letter or letters from the proceeds of any such
bonds, notes, warrants, or other evidences of indebtedness or...
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22-21-100
Section 22-21-100 Definitions. For the purposes of this division, the following terms shall
have the meanings respectively ascribed to them by this section: (1) HOSPITAL CORPORATION.
A hospital association heretofore or hereafter organized under and pursuant to the provisions
of Act No. 211, General Acts of Alabama 1945, or Article 3 of this chapter, or a hospital
board heretofore or hereafter organized under and pursuant to the provisions of Division 1
of this article. (2) SECURITIES. Notes, bonds, certificates of indebtedness, warrants or other
evidences of indebtedness. (3) PUBLIC HOSPITAL PURPOSES. Such term includes the acquisition
by purchase, lease or otherwise and the construction, equipment, operation and maintenance
of public hospital facilities or any one or more of such purposes. (4) PUBLIC HOSPITAL FACILITIES.
Such term includes public hospitals, public clinics, public health centers, nurses' homes
and training facilities of any kind. (Acts 1949, No. 640, p. 981, §1.)...
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45-37-162.01
Section 45-37-162.01 Definitions. For purposes of this part, the following terms have the following
meanings: (1) COUNTY. Jefferson County, Alabama. (2) DEBT. Indebtedness for borrowed money,
whether in the form of bonds, warrants, notes, or other similar instruments or capitalized
leases. (3) OFFICIAL STATEMENT. An official statement, offering memorandum, placement memorandum,
or a similar document prepared for distribution to investors or purchasers of debt. A preliminary
official statement refers to an official statement prepared for distribution to prospective
investors or purchasers, and a final official statement refers to an official statement prepared
for distribution after the final terms of issuance have been determined. (4) QUALIFIED SWAP
PROVIDER. A counterparty as defined in Section 41-1-41. (5) SWAP AGREEMENT. Either of the
following: a. Any interest rate swap agreement, interest rate cap agreement, interest rate
floor agreement, interest rate collar agreement, or any...
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11-63-1
Section 11-63-1 Definitions. The words and phrases hereinafter defined, wherever used in this
chapter, shall be deemed to have the respective meanings ascribed to them in this section.
(1) MUNICIPALITY. An incorporated city or town in the State of Alabama. (2) RELATED PUBLIC
CORPORATION. Such term, when used with respect to a municipality, means and includes each
of the following: a. A public corporation organized pursuant to an Alabama statute that requires
all the directors of such corporation to be elected by the governing body of the municipality;
or b. A public corporation organized pursuant to an Alabama statute that requires that at
least one-half of the directors of such corporation be elected by the governing body of the
municipality and that any directors thereof other than those elected by the governing body
of the municipality be appointed by the Governor of Alabama. (3) SECURITIES. Bonds, warrants,
notes, and certificates of indebtedness or any of them. (4) MUNICIPAL...
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11-8A-1
Section 11-8A-1 Definitions. As used in this chapter, the following words shall have the following
meanings: (1) BOND FINANCING AGREEMENT. An agreement or other document relating to the sale
or issuance of bonds including, but not limited to, a bond purchase agreement, a loan agreement,
a refinancing agreement, or documents providing for bonds sold or issued on a competitive
sale basis. (2) BONDS. Bonds, bond anticipation notes, warrants, warrant anticipation notes,
or indebtedness issued or entered into on behalf of the county or by the county commission
for a term of at least three years or more. (3) BUSINESS DAY. A day, other than a Saturday
or a Sunday, on which commercial banking institutions are open for business in the State of
Alabama and a day on which the payment system of the Federal Reserve System is operational.
(4) CAPITAL EXPENDITURE. Any cost or expense of a type that is properly chargeable to a capital
account under general federal income tax principles. (5) GENERAL...
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27-41-10
Section 27-41-10 Particular investments - Bonds, etc., issued by states, counties, municipalities,
etc., to provide funds for public projects, etc. An insurer may invest in bonds and other
evidences of indebtedness which are obligations of any state, county, city, town, village,
municipality, district, or other political subdivision of any state or of any instrumentality
or board thereof or of the United States of America issued to provide funds for public projects,
or for refunding of bonds issued for such purposes, which are revenue producing and self-supporting
if such obligations are secured by a lien on such revenues to pay principal and interest and
the issuing body is required to charge adequate rates for the services so provided to pay
all charges against the project, including principal and interest on all indebtedness outstanding
against the project. (Acts 1977, No. 408, p. 530, §10.)...
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5-13B-111
Section 5-13B-111 Asset maintenance. (a) Each foreign bank which is licensed to establish and
maintain an Alabama state branch or Alabama state agency shall hold in this state currency,
bonds, notes, debentures, drafts, bills of exchange, or other evidences of indebtedness, including
loan participation agreements or certificates, or other obligations payable in the United
States or in United States funds or, with the prior approval of the superintendent, in funds
freely convertible into United States funds, or such other assets as the superintendent shall
by regulation or order permit, in an amount which shall bear such relationship as the superintendent
shall by regulation or order prescribe to liabilities of such foreign bank payable at or through
its Alabama state branch or Alabama state agency, including acceptances, but excluding amounts
due and other liabilities to other offices, agencies, or branches of, and wholly owned, except
for a nominal number of directors' shares,...
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11-89-1
any thereof. (17) PERSON. Unless limited to a natural person by the context in which it is
used, such term includes a public or private corporation, a municipality, a county, a cooperative,
or an agency, department or instrumentality of the state or of a county or municipality or
cooperative. (18) PRINCIPAL OFFICE. The place at which the certificate of incorporation and
amendments thereto, the bylaws and the minutes of proceedings of the board of a district are
kept. (19) PROPERTY. Real and personal property and interests therein. (20) PUBLIC
CORPORATION. Any public corporation organized under the laws of the state. (21) PUBLIC FIRE
PROTECTION FACILITY. A fire protection facility which is owned or operated by the United States
of America, the state, a county, a municipality, a public corporation, any combination of
any thereof or any agency or instrumentality of any one or more thereof or in which any one
or more thereof or any agency or instrumentality of any one or more thereof holds...
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11-99B-1
incorporated city or town of the state. (13) PERSON. Unless limited to a natural person by
the context in which it is used, such term includes a public or private corporation, a municipality,
a county or an agency, department or instrumentality of the state, or of a county or municipality.
(14) PRINCIPAL OFFICE. The place at which the certificate of incorporation and amendments
thereto, the bylaws, and the minutes of proceedings of the board of a district are kept. (15)
PROPERTY. Real and personal property and interests therein. (16) PROJECT. Any capital
improvement, facility, structure, building, property, or appurtenances thereto of any nature,
type, or description which any member is authorized by any law of the state to own, acquire,
construct, or finance. (17) PUBLIC CORPORATION. Any public corporation organized under the
laws of the state. (18) PUBLIC REVENUES. Any one or more of the items of tax proceeds and
other revenues that a municipality or county is authorized to pledge...
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27-41-30
Section 27-41-30 Particular investments - Loans, notes, etc., secured by mortgages and leases
on real property. An insurer may invest in loans, notes, bonds, or other evidences of indebtedness
of any person up to the fair value of real property securing said indebtedness, upon compliance
with the following conditions and provisions: (1) The indebtedness must be secured by a first
mortgage lien on real property having a fair value of not less than the principal amount of
the loan, except as provided in subdivision (8) of this section; (2) The indebtedness must
be additionally secured by a lease on said real property, which lease must be assigned and
transferred by the lessor to the lender or to a trustee of the lender under a trust instrument;
(3) The lease so assigned as additional security must be noncancellable and may be terminated
only upon such conditions as are generally provided in commercial leases, such as, for example,
destruction by fire, tornado, or similar hazard or...
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