11-56-15
Section 11-56-15 Bonds - Remedies upon default in payment of principal or interest on
bonds. If there shall be any default in the payment of the principal of or interest on any
bonds issued under this chapter, then the holder of any of the bonds and of any of the interest
coupons applicable thereto and the trustee under any indenture, or any one or more of them,
may by civil action, mandamus or other proceeding compel performance of all duties of the
officers and directors of the corporation with respect to the use of funds for the payment
of the bonds and for the performance of the agreements of the corporation contained in the
proceedings under which they were issued and compel performance of the duties of all officials
of each local subdivision and public corporation which is a lessee under any lease pledged
as security for the bonds so in default with respect to payment of the rentals provided to
be paid under any such lease and, regardless of the sufficiency of the security for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-56-15.htm - 2K - Match Info - Similar pages

5-19-33
Section 5-19-33 Account maintenance fee. (a) In addition to other lawful charges permitted
under various state or federal laws, except under open-end credit plans, a creditor may, if
provided in the contract, charge an account maintenance fee of not more than three dollars
($3) for each month of the scheduled period of repayment of the credit transaction. The account
maintenance fee shall be determined at the date of the credit transaction and may be charged
in full at that time. The account maintenance fee as so determined shall not bear interest
and shall constitute a part of the finance charge. In the event of the renewal, refinance,
or payment in full of the credit transaction, the debtor shall be entitled to a refund or
credit of any unearned portion of the account maintenance fee under subsection (c) of Section
5-19-4, as of the date of such renewal, refinancing, or payment in full. (b) This section
shall not repeal, amend, modify, or diminish any right or power to charge and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-19-33.htm - 1K - Match Info - Similar pages

7-9A-322
Section 7-9A-322 Priorities among conflicting security interests in and agricultural
liens on same collateral. (a) General priority rules. Except as otherwise provided in this
section, priority among conflicting security interests and agricultural liens in the
same collateral is determined according to the following rules: (1) Conflicting perfected
security interests and agricultural liens rank according to priority in time of filing or
perfection. Priority dates from the earlier of the time a filing covering the collateral is
first made or the security interest or agricultural lien is first perfected, if there is no
period thereafter when there is neither filing nor perfection. (2) A perfected security interest
or agricultural lien has priority over a conflicting unperfected security interest or agricultural
lien. (3) The first security interest or agricultural lien to attach or become effective has
priority if conflicting security interests and agricultural liens are unperfected. (b)...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-322.htm - 3K - Match Info - Similar pages

11-57-20
Section 11-57-20 Remedies upon default on bonds, lease agreements, etc. (a) In event
of default on the bonds. If there should be any default in the payment of the principal of
or interest on any bonds issued under this chapter, then the holder of any of the bonds and
of any of the interest coupons applicable thereto and the trustee under any indenture, or
any one or more of them, may by mandamus, injunction or other proceedings compel performance
of all duties of the officers and directors of the authority with respect to the use of funds
for the payment of the bonds and for the performance of the agreements of the authority contained
in the proceedings under which they were issued, shall be entitled to a judgment against the
authority for the principal of and interest on the bonds so in default and, regardless of
the sufficiency of the security for the bonds in default and as a matter of right, shall be
entitled to the appointment of a receiver to make lease agreements respecting the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-57-20.htm - 3K - Match Info - Similar pages

22-21-150
Section 22-21-150 Bonds - Default. (a) In event of default on bonds. If there should
be any default in the payment of the principal of, or interest on, any bonds issued under
this article, then the holder of any of the bonds, and of any of the interest coupons applicable
thereto, and the trustee under any indenture, or any one or more of them: (1) May, by mandamus,
injunction or other proceedings, compel performance of all duties of the officers and directors
of the authority with respect to the use of funds for the payment of the bonds and for the
performance of the agreements of the authority contained in the proceedings under which they
were issued; (2) Shall be entitled to a judgment against the authority for the principal of,
and interest on, the bonds so in default; and (3) Regardless of the sufficiency of the security
for the bonds in default and as a matter of right, shall be entitled to the appointment of
a receiver: a. To make lease agreements respecting the project out of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-150.htm - 3K - Match Info - Similar pages

11-47-224
Section 11-47-224 Bonds of an authority - Payment out of revenues; security for payment;
mortgages, security interests, or assignments as security for payment. (a) Any bonds issued
by an authority shall be revenue bonds and shall be payable solely out of the revenues of
the authority as may be designated in the proceedings of the board under which the bonds are
authorized to be issued. (b) As security for payment of the principal of and interest on any
bonds issued or assumed by it, an authority may enter into a contract or contracts, and adopt
resolutions or other proceedings containing provisions constituting a part of the contract
or contracts with the holders of the bonds, pertaining to, among other things, the following:
(1) Pledging all or any part of the revenues of the authority to secure the payment of the
bonds. (2) Pledging, assigning, or mortgaging all or any part of the assets of the authority
to secure the payment of the bonds. (3) The creation of reserve, sinking, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-224.htm - 5K - Match Info - Similar pages

35-11-233
Section 35-11-233 Assignment of lien; transfer of lien on real property to other security.
(a) Any claim for which a lien is provided in this division may be assigned; and the assignee
shall thereby be invested with all the rights of the original holder of the lien, and be entitled
to all his remedies to enforce them. The assignee shall have the right to consolidate all
such claims in one statement to be filed as herein provided; and the length of time for the
filing of said claim shall be measured by the greatest length of time for the filing of any
class of claims held by the assignee. (b) Any lien claimed on real property under this division
may be transferred by any person having an interest in the real property upon which the lien
is imposed or the contract under which the lien is claimed, from such real property to other
security by first filing with the court in which the action is brought, a copy of the lien
which has been duly filed and recorded as required by law, and by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-11-233.htm - 4K - Match Info - Similar pages

10A-1-6.31
Section 10A-1-6.31 Insurance and other arrangements. (a) Notwithstanding any other provision
of this article, an enterprise may purchase or procure or establish and maintain insurance
or another arrangement to indemnify or hold harmless an existing or former governing person,
delegate, officer, employee, or agent against any liability: (1) asserted against and incurred
by the person in that capacity; or (2) arising out of the person's status in that capacity.
(b) The insurance or other arrangement established under subsection (a) may insure or indemnify
against the liability described by subsection (a) without regard to whether the enterprise
otherwise would have had the power to indemnify the person against that liability under this
chapter. (c) Insurance or another arrangement that involves self-insurance or an agreement
to indemnify made with the enterprise or a person that is not regularly engaged in the business
of providing insurance coverage may provide for payment of a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-6.31.htm - 3K - Match Info - Similar pages

11-11B-3
Section 11-11B-3 Power and authority of counties and public corporations. Each county
and each public corporation shall have the power and, when approved by its governing body,
the authority, to do or perform any one or more of the following: (1) To anticipate the receipt
of any grant either by loan or by assignment or both; to issue securities to evidence such
loan or assignment; to make such securities the general obligation indebtedness of the issuer
or the obligation of the issuer limited or restricted as to source of payment and security
to all or a portion of the proceeds of the grant or to any revenue, receipts or income or
any special tax or license of the issuer, or any one or more thereof. (2) To pledge to the
holders of any securities issued pursuant to this chapter the full faith and credit of the
issuer and in addition to, or instead of such pledge, to pledge and grant a security interest
in all or a portion of the proceeds of the grant or any revenue, receipts or income...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-11B-3.htm - 1K - Match Info - Similar pages

11-64-3
Section 11-64-3 Power and authority of municipalities and public corporations. Each
municipality and each public corporation shall have the power and, when approved by its governing
body, the authority, to do or perform any one or more of the following: (1) To anticipate
the receipt of any grant either by loan or by assignment or both; to issue securities to evidence
such loan or assignment; to make such securities the general obligation indebtedness of the
issuer or the obligation of the issuer limited or restricted as to source of payment and security
to all or a portion of the proceeds of the grant or to any revenue, receipts, or income or
any special tax or license of the issuer, or any one or more thereof. (2) To pledge to the
holders of any securities issued pursuant to this chapter the full faith and credit of the
issuer and in addition to, or instead of such pledge, to pledge and grant a security interest
in all or a portion of the proceeds of the grant or any revenue,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-64-3.htm - 1K - Match Info - Similar pages