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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
41-10-55
Section 41-10-55 Issuance and sale of bonds authorized generally; form, terms, denominations,
etc., thereof; bonds to be deemed negotiable instruments; redemption. Bonds of the authority
may be sold from time to time as the board of directors may deem advantageous; provided, that
the aggregate principal amount of bonds of the authority which may be issued under this article
shall be limited to $20,000,000.00, but the said limitation shall not apply to refunding bonds
which may be issued under this article and also shall not apply to bonds of the authority
which may be issued under any other act which may at any time hereafter be enacted. The bonds
shall be in such forms and denominations and of such tenor and maturities, shall bear such
rate or rates of interest payable and evidenced in such manner and may contain other provisions
not inconsistent with this article as may be provided in the resolution or resolutions of
the board of directors of the authority wherein the bonds are...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-55.htm - 3K - Match Info - Similar pages
45-11-247.07
Section 45-11-247.07 Legislative findings. Act 96-631 of the 1996 Regular Session (Acts 1996,
p. 1002) authorized the Chilton County Commission to levy an additional sales and use tax
for the purpose of financing a new county jail. When the bonds to finance the jail were retired,
Act 96-631 provided for the tax to be levied for one year thereafter with the revenue placed
in a trust account with the interest used to operate and maintain the new jail. The Legislature
finds that at the current time the interest from the account is not sufficient to maintain
the county jail in a prudent manner to keep the county jail functional, safe, and secure.
Therefor, the Legislature, at the request of the Chilton County Commission, finds that there
is a need to allow both principal and interest in the account to be used for the maintenance
and repair of the county jail as provided in this part. (Act 2019-161, ยง2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-11-247.07.htm - 1K - Match Info - Similar pages
9-9-16
Section 9-9-16 Board of water management commissioners - Election of district treasurer. The
board of water management commissioners shall elect some competent person, corporation or
partnership as district treasurer, whose duty it shall be to receive all moneys derived from
tax collections, the sale of bonds or from any other source and to disburse the same in accordance
with the provisions of this article. The secretary shall also be eligible for the office of
treasurer. The said treasurer shall be required before entering upon the discharge of his
duties to give bond in such manner as shall be fixed by the board of water management commissioners,
payable to the water management district conditioned that he will well and truly account for
and pay out as provided by law all moneys received by him from whatever source, which bond
shall be signed by at least two sureties approved and accepted by said board of water management
commissioners. Said treasurer shall keep all funds received...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-9-16.htm - 1K - Match Info - Similar pages
11-9-2
Section 11-9-2 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county which is
now levying or may hereafter levy a special sanitary tax shall have the power from time to
time to sell and issue, in addition to all other securities which it may now or hereafter
be authorized to issue, interest-bearing warrants or certificates of indebtedness of such
county for the purpose of paying the costs of acquiring, providing, constructing, enlarging
or extending a sanitary sewer system or systems or any part or parts thereof, including sanitary
sewers, outfall lines, a sewage disposal plant or plants and appurtenances to any thereof;
provided, that the maximum principal amount of warrants and certificates of indebtedness that
may be issued under the provisions of this article shall not exceed $1,500,000.00. Any such
warrants or certificates of indebtedness may be in such denomination or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-9-2.htm - 2K - Match Info - Similar pages
2-3A-55
Section 2-3A-55 Refunding bonds. Pursuant to the provisions of Amendment 619 and this article,
the authority may, at any time and from time to time, issue for the state refunding bonds
of the state for the purpose of refunding any or all of the bonds authorized by the aforesaid
amendment then outstanding (including any refunding bonds that may have been previously issued),
whether such refunding shall occur before, at or after the maturity of the bonds to be refunded.
In the discretion of the authority, refunding bonds may be issued in exchange for such outstanding
bonds or they may be sold and the proceeds thereof applied to the purchase, redemption or
payment of such outstanding bonds. Refunding bonds to be issued in exchange for such outstanding
bonds shall not be issued in a principal amount greater than the principal amount of the bonds
to be refunded. Refunding bonds to be sold pursuant hereto may be issued in such principal
amount or amounts as shall be determined by said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-55.htm - 5K - Match Info - Similar pages
23-1-157
Section 23-1-157 Bonds - Generally. (a) The bonds of the corporation shall be signed by its
president or vice president and attested by its secretary; provided, that a facsimile of the
signature of the officers may be imprinted or otherwise reproduced on any such bonds in lieu
of his or her signing the same. The seal of the corporation shall be affixed to such bonds;
provided, that a facsimile of the seal may be imprinted or otherwise reproduced on any such
bonds in lieu of being manually affixed thereon. (b) Any bonds of the corporation may be executed
and delivered at any time and from time to time, shall be in such form and denominations and
of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced
in such manner, may contain provisions for redemption prior to maturity and may contain other
provisions not inconsistent with this article, all as may be provided by the resolution of
the board of directors whereunder such bonds are authorized to be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-157.htm - 6K - Match Info - Similar pages
4-3-19
Section 4-3-19 Refunding bonds. The authority may at any time and from time to time issue refunding
bonds for the purpose of refunding the principal of and the interest on any bonds of the authority
theretofore issued hereunder and then outstanding, whether or not such principal and interest
shall have matured at the time of such refunding and for the payment of any expenses incurred
in connection with such refunding and any premium necessary to be paid in order to redeem,
retire or purchase for retirement the bonds to be refunded. The proceeds derived from the
sale of any refunding bonds shall be used only for the purposes for which the refunding bonds
were authorized to be issued. Any such refunding may be effected either by sale of the refunding
bonds and the application of the proceeds thereof or by exchange of the refunding bonds for
the bonds or interest coupons to be refunded thereby; provided, that the holders of any bonds
or coupons so to be refunded shall not be compelled...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-19.htm - 2K - Match Info - Similar pages
41-10-26
Section 41-10-26 Powers of authority generally. The authority shall have the following powers:
(1) To have succession by its corporate name until dissolved as provided in this article;
(2) To institute and defend legal proceedings in any court of competent jurisdiction and proper
venue; provided, that the authority may not be sued in any trial court other than the courts
of the county in which is located the principal office of the authority; provided further,
that the officers, directors, agents and employees of the authority may not be sued for actions
in behalf of the authority in any trial court other than the courts of the county in which
is located the principal office of the authority; (3) To have and to use a corporate seal
and to alter the seal at pleasure; (4) To establish a fiscal year; (5) To anticipate by the
issuance of its bonds the receipt of the revenues appropriated and pledged in this article;
(6) To pledge the proceeds of the appropriations and pledges provided for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-26.htm - 2K - Match Info - Similar pages
41-10-356
seal and to alter the same at pleasure; (4) To make and alter all needful bylaws, rules and
regulations for the transaction of the authority's business and the control of its property
and affairs; (5) To provide for the acquisition, construction, installation, equipping, operation
and maintenance of mental health facilities, including the equipping and improvement of existing
mental health facilities; (6) To receive, take and hold by sale, gift, lease, devise or otherwise,
real and personal property of every description, and to manage the same; (7) To acquire
by purchase, gift, or any other lawful means, and to transfer, convey or cause to be conveyed
to the state, any real, personal or mixed property; (8) To borrow money and issue its
bonds in evidence thereof subject to the provisions of this article; (9) To anticipate by
the issuance of its bonds the receipt of the revenues herein appropriated and pledged, all
in the manner hereinafter provided; (10) As security for payment...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-356.htm - 4K - Match Info - Similar pages
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