11-32-9
Section 11-32-9 Bonds - Form and execution; sale; obligations; notice. (a) All bonds issued
by the authority shall be signed by the chair, vice chair, or executive director and attested
by its secretary or assistant secretary, and the seal of the authority shall be affixed thereto
except that a facsimile of the signature of the officers may be printed or otherwise reproduced
on any of the bonds in lieu of being manually subscribed on the bonds, a facsimile of the
seal of the authority may be printed or otherwise produced on the bonds in lieu of being manually
affixed thereto, if the bonds have been manually authenticated by a transfer agent of the
bond issue. Delivery of executed bonds shall be valid notwithstanding any changes in officers
or in the seal of the authority after the signing and sealing of the bonds. The bonds may
be executed and delivered by the authority at any time and from time to time, shall be in
the form and denominations and of the tenor and maturities, shall...
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11-89A-10
Section 11-89A-10 Security for payment of bonds; contracts and agreements to secure. (a) Any
bonds issued by the authority shall be revenue bonds and shall be payable solely out of such
revenues of the authority as may be designated in the proceedings of the board under which
they shall be authorized to be issued. Any such proceedings may provide that the bonds therein
authorized shall be payable solely out of the revenues derived from the operation of any facility
or facilities owned by the authority, regardless of the fact that those bonds may have been
issued with respect to or for the benefit of a certain facility or facilities of the authority.
(b) As security for payment of the principal and interest on any bonds issued or assumed by
it, any 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
such bonds, pertaining to, among other things, the...
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41-10-318
Section 41-10-318 Security for bonds. The principal of, premium, if any, and interest on the
bonds of the authority shall be secured by any or all of the following, as the authority may
determine: (1) The rent and revenues from the lease or use of one or more facilities of the
authority; (2) The proceeds from any sale of any facilities of the authority; (3) Any bond
proceeds remaining unexpended upon completion of all facilities to be constructed with such
bond proceeds and the payment of the cost thereof; (4) Any insurance proceeds which the authority
may receive by reason of its ownership of any of the facilities; and (5) Any mortgage upon
or security interest in one or more facilities of the authority, granted in connection with
the issuance of such bonds. The authority shall have authority to transfer and assign any
lease or mortgage of any of its facilities as security for the payment of such principal,
premium, if any, and interest. The bonds may be issued under, and secured by,...
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41-10-508
Section 41-10-508 Security. The principal of, premium, if any, and interest on the bonds of
the authority shall be secured by any or all of the following, as the authority may determine:
(1) The rent and revenues from the lease or use of one or more facilities of the authority;
(2) The proceeds from any sale of any facilities of the authority; (3) Any bond proceeds remaining
unexpended upon completion of all facilities to be constructed with such bond proceeds and
the payment of the cost thereof; (4) Any insurance proceeds which the authority may receive
by reason of its ownership of any of the facilities; and (5) Any mortgage upon or security
interest in one or more facilities of the authority, granted in connection with the issuance
of such bonds. The authority shall have authority to transfer and assign any lease or mortgage
of any of its facilities as security for the payment of such principal, premium, if any, and
interest. The bonds may be issued under, and secured by, a...
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41-10-755
Section 41-10-755 Bonds of the authority. (a) General. The authority is authorized from time
to time to sell and issue its bonds for the purpose of providing funds to be transferred to
and deposited in the Alabama Trust Fund and the Rainy Day Account, to provide additional funds
to the Alabama Medicaid Agency, for paying the costs of transportation projects, and for the
purpose of refunding any or all of the authority's outstanding bonds. (b) Sources of payment.
Bonds issued by the authority shall be solely and exclusively an obligation of the authority
and shall not create an obligation or debt of the state. Such bonds shall not be general obligations
of the authority but shall be payable solely from one or more of the following sources: (1)
Appropriated funds. (2) The income or proceeds realized by the authority under any mortgage
or security granted to the authority. (3) Amounts derived from any letter of credit, insurance
policy, or other form of credit enhancement applicable to...
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11-49A-10
Section 11-49A-10 Bonds - Signature and seal; form and terms; sale; from what sources payable;
trust indentures, mortgages, etc. All bonds issued by the authority shall be signed by the
chairman of its board or other chief executive officer and attested by its secretary, 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 chairman of its board or other chief executive
officer; provided, that a facsimile of the signature of one, but not both, of said officers
may be printed or otherwise reproduced on any such bonds in lieu of his 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 chairman of its board or other chief executive officer may be printed or otherwise reproduced
on any such interest coupons in lieu of his manually signing the same....
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11-49B-9
Section 11-49B-9 Bonds of authority. All bonds issued by the authority shall be signed by the
chair of its board or other chief executive officer and attested by its secretary, and the
seal of the authority shall be affixed to the bond, and any interest coupons applicable to
the bonds of the authority shall be signed by the chair of its board or other chief executive
officer. A facsimile of the signature of one, but not both, of the officers may be printed
or otherwise reproduced on any of the bonds in lieu of his or her manually signing the bonds,
a facsimile of the seal of the authority may be printed or otherwise reproduced on any of
the bonds in lieu of being manually affixed to the bonds, and a facsimile of the signature
of the chair of its board or other chief executive officer may be printed or otherwise reproduced
on any interest coupons in lieu of his or her manually signing the bonds. Bonds may be executed
and delivered by the authority and from time to time, shall be in such...
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41-10-44.6
Section 41-10-44.6 Project obligations generally. (a) Issuance of project obligations. The
authority is authorized and empowered to issue its project obligations from time to time for
the purpose of financing one or more projects in such aggregate principal amount as the board
of directors shall determine to be necessary to provide for all or a portion of the project
costs of the project or projects being financed and to pay the expenses of issuing the project
obligations. (b) Source of payment. All project obligations issued by the authority shall
be limited obligations of the authority payable solely from any combination of the following:
(1) The revenues and receipts of the authority derived from the financing agreement or agreements
entered into by the authority with respect to the project or projects financed by such project
obligations; (2) the income or proceeds realized by the authority under any mortgage or other
security granted to the authority; (3) amounts derived from any...
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45-49A-64.09
Section 45-49A-64.09 Bonds of authority. (a) All bonds issued by the authority shall be signed
by the chair of its board or other chief executive officer and attested by its secretary,
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 of its board or other chief executive
officer; 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 or other chief executive officer 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...
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41-10-142
Section 41-10-142 Bonds - Issuance; form, terms, denominations, etc.; sale; refunding bonds;
negotiable; security for payment. All bonds issued by an authority may be executed by such
officers of the authority and in such manner as shall be provided in the proceedings of the
board whereunder the bonds shall be authorized to be issued. Any such bonds may be executed
and delivered by an authority at any time and from time to time, shall be in such form and
denominations and of such tenor and maturities, shall contain such provisions not inconsistent
with the provisions of this article and shall bear such rate or rates of interest, payable
and evidenced in such manner as may be provided by resolution of its board. Bonds of an authority
may be sold at either public or private sale in such manner and at such price or prices and
at such time or times as may be determined by the board to be most advantageous. The principal
of or interest on any bonds issued or obligations assumed by an...
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