37-13-13
Section 37-13-13 Bonds of authority - Security. In the discretion of the authority any bonds
may be issued under and secured by an indenture between the authority and a trustee. Said
trustee may be a private person or corporation, including (but not limited to) any trust company
or bank having trust powers, whether such bank or trust company is located within or without
the state. In any such indenture or resolution providing for the issuance of bonds, the authority
may pledge, for payment of the principal of and the interest on such bonds, any of its revenues
to which its right then exists or may thereafter come into existence and may assign, as security
for such payment, any of its leases, franchises, permits and contracts; and in any such indenture,
the authority may mortgage any of its properties, including any that may be thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-13-13.htm - 4K - Match Info - Similar pages

4-3-17
Section 4-3-17 Security for bonds. In the discretion of the authority, any bonds may be issued
under and secured by an indenture between the authority and a trustee. Said trustee may be
a private person or corporation, including but not limited to any trust company or bank having
trust powers, whether such bank or trust company is located within or without the state. In
any such indenture or resolution providing for the issuance of bonds, the authority may pledge,
for payment of the principal of and the interest on such bonds, any of its revenues to which
its right then exists or may thereafter come into existence and may assign as security for
such payment, any of its leases, franchises, permits and contracts; and, in any such indenture
the authority may mortgage any of its properties, including any that may be thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received by the authority...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-17.htm - 4K - Match Info - Similar pages

4-3-54
Section 4-3-54 Bonds - Security for payment of principal and interest. In the discretion of
the authority, any bonds may be issued under and secured by an indenture between the authority
and a trustee. Said trustee may be a private person or corporation, including, but not limited
to, any trust company or bank having trust powers, whether such bank or trust company is located
within or without the state. In any such indenture or resolution providing for the issuance
of bonds, the authority may pledge for payment of the principal of and the interest on such
bonds any of its revenues, rents, income or funds to which its right then exists or may thereafter
come into existence and may assign, as security for such payment, any of its leases, franchises,
permits and contracts and, in any such indenture, the authority may mortgage any of its properties,
including any that may be thereafter acquired by it. Any such pledge of revenues shall be
valid and binding from the time it is made, and the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-54.htm - 4K - Match Info - Similar pages

45-29-90.13
Section 45-29-90.13 Execution of bonds; pledge of revenues, receipts, and other security. All
bonds issued by the authority shall be signed by the chair of its board of directors and attested
by its secretary-treasurer, and the seal of the authority shall be affixed thereto, and any
interest coupons applicable to the bonds of the authority shall be signed by the chair; provided,
that a facsimile of the signature of one, but not both, of the officers may be printed or
otherwise reproduced on any such bonds in lieu of his or her manually signing the same, a
facsimile of the seal of the authority may be printed or otherwise reproduced on any such
bonds in lieu of being manually affixed thereto, and a facsimile of the signature of the chair
of its board of directors may be printed or otherwise reproduced on any such interest coupons
in lieu of his or her manually signing the same. Any such bonds may be executed and delivered
by the authority at any time, and from time to time, shall be in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-90.13.htm - 4K - Match Info - Similar pages

45-37A-56.35
Section 45-37A-56.35 Security of bonds. In the discretion of the authority any bonds may be
issued under and secured by an indenture between the authority and a trustee. The trustee
may be a private person or corporation, including, but not limited to, any trust company or
bank having trust powers, whether such bank or trust company is located within or without
the state. In any such indenture or resolution providing for the issuance of bonds the authority
may pledge, for payment of the principal of and the interest on such bonds, any of its revenues
to which its right then exists or may thereafter come into existence and may assign, as security
for such payment, any of its leases, franchises, permits, and contracts; and in any such indenture
the authority may mortgage any of its properties, including any properties thereafter acquired
by it. Any such pledge of revenues shall be valid and binding from the time it is made, and
the revenues so pledged and thereafter received by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-56.35.htm - 4K - Match Info - Similar pages

45-46-90.09
Section 45-46-90.09 Power to contract. As security for payment of the principal of and the
interest on bonds issued or obligations assumed by it, the authority may enter into a contract
or contracts binding itself for the proper application of the proceeds of bonds and other
funds, for the continued operation and maintenance of any industrial or commercial facility,
or port, dock, wharf, or related facilities owned by it, or any part or parts thereof, for
the imposition and collection of reasonable fees, rents, tolls, and other charges for, and
the promulgation of reasonable regulations respecting the use of any such facilities, for
the disposition and application of its gross revenues or any part thereof, and for any other
act or series of acts, not inconsistent with this article for the protection of the bonds
and other obligations being secured and the assurance that the revenues from such facilities
will be sufficient to operate such system, maintain the same in good repair and in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46-90.09.htm - 1K - Match Info - Similar pages

11-32-10
Section 11-32-10 Bonds - Contracts as security for payment. (a) As security for payment of
the principal of and the interest on bonds issued or obligations assumed by it, the authority
may enter into one or more contracts binding itself for the following: (1) The proper application
of the proceeds of bonds and other funds, for the continued operation and maintenance of any
transit system owned by it, or any part or parts of a transit system. (2) The imposition and
collection of reasonable rates for and the promulgation of reasonable regulations respecting
any service furnished from a transit system. (3) The disposition and application of its gross
revenues or any part of a transit system. (4) For any other act or series of acts not inconsistent
with this chapter for the protection of the bonds and other obligations being secured and
the assurance that the revenues from the transit system, when added to all other moneys of
the authority available for the transit system, will be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-32-10.htm - 1K - Match Info - Similar pages

11-88-9
Section 11-88-9 Bonds of authority - Contracts to secure payment of principal and interest.
As security for payment of the principal of and interest on bonds issued or obligations assumed
by it, the authority may enter into a contract or contracts binding itself for the proper
application of the proceeds of bonds and other funds, for the continued operation and maintenance
of any water system, sewer system or fire protection facility owned by it or any part or parts
thereof, for the imposition and collection of reasonable rates for and the promulgation of
reasonable regulations respecting any service furnished from such system or facility, for
the disposition and application of its gross revenues or any part thereof and for any other
act or series of acts not inconsistent with the provisions of this article for the protection
of the bonds and other obligations being secured and the assurance that the revenues from
such system or facility will be sufficient to operate such system or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-9.htm - 2K - Match Info - Similar pages

11-89-9
Section 11-89-9 Bonds of district - Contracts to secure payment of principal and interest.
As security for payment of the principal of and the interest on bonds issued or obligations
assumed by it, the district may enter into a contract or contracts binding itself for the
proper application of the proceeds of bonds and other funds, for the continued operation and
maintenance of any water system, sewer system, or fire protection facility owned by it or
any part or parts thereof, for the imposition and collection of reasonable rates for and the
promulgation of reasonable regulations respecting any service furnished from such system or
facility, for the disposition and application of its gross revenues or any part thereof and
for any other act or series of acts not inconsistent with the provisions of this chapter for
the protection of the bonds and other obligations being secured and the assurance that the
revenues from such system or facility will be sufficient to operate such system or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-9.htm - 1K - 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