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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-166.htm - 5K - Match Info - Similar pages
11-2-20
Section 11-2-20 Requirement of additional bonds of county officials, etc. - Authority. (a)
Except where otherwise specifically provided by law for county taxing officials and judges
of probate, the bond for each county official shall be one-half of one percent of the amount
budgeted in the then current county budget for activities conducted by or under the direction
of the individual county official, but the bond amount for any county official shall not exceed
fifty thousand dollars ($50,000). The bond for any county employee required to post bond shall
be set in an amount determined proper by the county commission. In the alternative, the county
commission may execute a blanket bond covering the performance of duties of all county employees
in an amount determined by the county commission to adequately protect all county funds and
revenue. (b) When in the judgment of the county commission, the bond provided for in this
chapter for a county official or county employee is insufficient...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-2-20.htm - 2K - Match Info - Similar pages
39-7-23
Section 39-7-23 Authorization for issuance of bonds by authority; terms, denominations, sale,
redemption, etc., of bonds; issuance of interim receipts, certificates, etc. Bonds of an authority
shall be authorized by resolution of the board of trustees of such authority and may be issued
in one or more series, may bear such date or dates, mature at such time or times not exceeding
40 years from their respective dates, bear interest at such rate or rates, payable semiannually,
be in such denominations, be in such form, either coupon or registered, be executed in such
manner, be payable in such medium of payment, at such place or places, be subject to such
terms of redemption, with or without premium, and be subject to being declared or becoming
due before the maturity date thereof as such resolution or resolutions may provide. Said bonds
may be issued for money or property, either at public or private sale, and for such price
or prices as such authority shall determine. Pending the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-7-23.htm - 1K - Match Info - Similar pages
24-1-32
Section 24-1-32 Form, denominations, terms, etc., of bonds; sale of bonds; issuance of interim
certificates, etc. The bonds of the authority shall be authorized by its resolution and shall
be issued in one or more series and shall bear such date or dates, mature at such time or
times, not exceeding 60 years from their respective dates, bear interest at such rate or rates,
per annum payable at the time or times, be in such denominations, which may be made interchangeable,
be in such form, either coupon or registered, carry such registration privileges, be executed
in such manner, be payable in such medium of payment, at such place or places, and be subject
to such terms of redemption, with or without premium, as such resolution or its trust indenture
or mortgage may provide. The bonds shall be sold by public or private sale as determined by
the authority. Any public sale of bonds shall be conducted after notice published, at least
10 days prior to the sale in a newspaper published in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-32.htm - 3K - Match Info - Similar pages
11-32-16
Section 11-32-16 Exemption from other state supervision and control. This chapter is intended
to aid the state in the execution of its duties by providing appropriate and independent instrumentalities
of the state with full and adequate powers to fulfill their functions. Except as in this chapter
expressly otherwise provided, no proceeding, notice, or approval shall be required for the
incorporation of any authority or the amendment of its certificate of incorporation, the acquisition
of any property or transit system, or the issuance of any bonds, mortgage and deed of trust,
or trust indenture. The authority, every transit system of the authority, any public transportation
service provided by the authority, and the rates and charges of the authority shall be exempt
from all jurisdiction of, and all regulation and supervision by, the Public Service Commission.
Neither a public hearing nor the consent of the state Department of Finance shall be prerequisite
to the issuance of bonds by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-32-16.htm - 1K - Match Info - Similar pages
11-89A-3
Section 11-89A-3 Filing of application for incorporation of authority; denial or authorization
of incorporation by governing body of county or municipality. A public corporation may be
organized pursuant to the provisions of this chapter in any county or municipality. In order
to incorporate such a public corporation, any number of natural persons, not less than three,
who are duly qualified electors of a proposed determining subdivision shall first file a written
application with the governing body of any county or municipality, or any two or more thereof,
which application shall: (1) Recite the name of each county and municipality with the governing
body of which such application is filed; (2) Contain a statement that the applicants propose
to incorporate an authority pursuant to the provisions of this chapter; (3) State the proposed
location of the principal office of the authority; (4) State that each of the applicants is
a duly qualified elector of the determining subdivision (or,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89A-3.htm - 3K - Match Info - Similar pages
45-47-250
Section 45-47-250 Definitions. When used in this article, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) AUTHORITY. The Marion County Public Water Authority, a public corporation organized pursuant
to this article. (2) BOARD. The Board of Directors of the Marion County Public Water Authority.
(3) BONDS. Bonds, notes, and certificates representing an obligation to pay money. (4) CONCISE
LEGAL DESCRIPTION. A reasonably concise description of a particular geographic area which
may be by metes and bounds or by reference to government surveys, recorded maps and plats,
municipal, county, or state boundary lines, well-defined landmarks and other monuments, or
any combination of the foregoing. (5) COUNTY. Marion County. (6) DIRECTOR. A member of the
Board of Directors of the Marion County Public Water Authority. (7) FIRE PROTECTION SERVICE.
All services involved in protecting property and life from fires...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-47-250.htm - 4K - Match Info - Similar pages
11-54-211
Section 11-54-211 Authority of municipalities to acquire real property for donation to United
States for defense purposes; issuance of bonds, etc., to fund purchase; conveyance to "related
public corporation." Each municipality in this state is hereby authorized (a) to acquire
any real property located within the corporate limits of any such municipality or within 25
miles thereof, and (b) to donate said real property so acquired or any real property heretofore
acquired by any such municipality to the United States of America for use by the said United
States for national defense and related purposes. Each such municipality is hereby authorized
to issue its bonds, warrants, or other securities for the purpose of providing funds to purchase
said real property for donation to the United States of America. Each such municipality is
hereby further authorized to convey any such real property to a "related public corporation"
pursuant to the provisions of Chapter 63 of Title 11 for the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-211.htm - 1K - Match Info - Similar pages
45-25-250
Section 45-25-250 Definitions. When used in this article, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise.
(1) AUTHORITY. The DeKalb County Water Authority, a public corporation organized pursuant
to this article. (2) BOARD. The Board of Directors of the DeKalb County Water Authority. (3)
BONDS. Bonds, notes, and certificates representing an obligation to pay money. (4) COUNTY.
DeKalb County. (5) DIRECTOR. A member of the Board of Directors of the DeKalb County Water
Authority. (6) GARBAGE PICK-UP AND DISPOSAL. All services involved in the pick-up and disposal
of garbage from residents, businesses, and factories. (7) SEWER SERVICE. The construction,
operation, and maintenance of sewer disposal facilities and lines in areas of the county not
served by any other public sewer facility. (8) INCORPORATORS. The persons forming a public
corporation organized pursuant to this article. (9) MUNICIPALITY. An...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-25-250.htm - 3K - Match Info - Similar pages
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