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37-7-13
Section 37-7-13 Bonds or obligations - Manner of sale or issuance. A corporation formed under
this chapter shall have power and is authorized, from time to time, to issue its obligation
in anticipation of its revenues for any corporate purpose. Said obligations may be authorized
by resolution or resolutions of the board and 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 not exceeding six percent per annum, payable semiannually, be in such denominations,
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, not exceeding par and accrued interest, as such resolution or
resolutions may provide. Such obligations may be sold in such manner and upon such terms as
the board may determine at not less than par and accrued interest. Any...
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2-6-76
Section 2-6-76 Powers of corporation - Issuance and sale of securities. (a) The corporation
is authorized to issue and sell its interest-bearing or noninterest-bearing securities, in
one or more series, not exceeding $6,000,000.00, in aggregate principal amount, to provide
funds to be used by the Board of Agriculture and Industries in the construction, acquisition
and installation of a market facility and to be used by the Agricultural Center Board in the
renovation of the coliseum. (b) The principal of, premium, if any, and interest on any securities
or series of securities of the corporation the proceeds of which are devoted to the construction,
acquisition and installation of the market facility shall be payable from and secured by a
pledge of all rents, leases, charges or other revenues derived or realized from leases to
the public of said market facility after deduction of costs of operation. The principal of,
premium, if any, and interest on any securities or series of securities...
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37-5-6
Section 37-5-6 Bonds - Authorization to issue; manner of issuance; repurchase; interim receipts,
etc. Each district shall have power and is authorized from time to time to issue its negotiable
bonds in anticipation of the revenues from an enterprise. Said bonds may be issued for any
corporate purpose or purposes of such district. Said bonds shall be authorized by resolution
of the board of such district 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, not exceeding six percent per annum, 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 and be subject to such
terms of redemption, with or without premium, be declared or become due before the maturity
date thereof, as such resolution or resolutions may provide. Said...
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16-17A-10
Section 16-17A-10 Indebtedness. (a) An authority from time to time may borrow money or incur
indebtedness and issue bonds, notes, or other evidence of indebtedness in such principal amounts
as the board determines by resolution to be necessary, desirable, and in the best interests
of the authority in order to provide funds to carry out its corporate powers. Indebtedness
may be incurred for any lawful purpose of the authority, including, without limitation, any
of the following: (1) Indebtedness to finance the acquisition or construction of health care
facilities. (2) Indebtedness to provide working capital or funds for operating expenses. (3)
Indebtedness to refund, extend, refinance, or restructure any indebtedness of the authority
or any indebtedness assumed or guaranteed by the authority. (b) Indebtedness may be any of
the following or any combination thereof: (1) A general obligation of the authority to the
payment of which its full faith and credit is pledged. (2) Payable solely...
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11-61A-13
Section 11-61A-13 Bonds. (a) The authority may issue and sell its interest-bearing revenue
bonds for any corporate purpose at any time or times. The principal of and the interest on
the bonds shall be payable solely from, and may be secured by a pledge of, the revenues derived
by the authority from the operation of any or all of its parking facilities and other property,
or by mortgage of any property of the authority. The bonds issued or contracts entered by
the authority shall not constitute or create an obligation, debt, or charge against the credit
or taxing power of the state, any county, or municipality within the state. (b) The board
may provide for each of the following regarding the bonds: (1) Issuance time or times. (2)
Form and denominations. (3) Tenor. (4) Payment installments, which shall be at a time or times
not exceeding 40 years from their date. (5) Place or places of payment, whether within or
without the state. (6) Interest rate or rates payable and evidenced in a...
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16-13-304
Section 16-13-304 Terms and conditions; sale; use of proceeds. (a)(1) Warrants issued pursuant
to this article may be in the denomination or denominations; shall have a maturity or maturities
not exceeding 30 years from their date; may bear interest from their date at the rate or rates
payable in the manner and at the times; may be payable at the place or places within or without
the State of Alabama; may be sold for such price and in the manner as provided in this article;
and may contain the terms not in conflict with the provisions of this article; all as the
board may provide in the proceedings pursuant to which the warrants are authorized to be issued.
(2)(i) The board may provide that the warrants shall bear interest at a rate or rates fixed
at the time of the issuance thereof. (ii) With the prior, specific approval of the State Superintendent,
given as provided in this article, the board may provide that the warrants shall bear interest
at rates which may be changed from time to...
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11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution; bond resolution
covenants. (a) The authority shall, prior to the adoption by the board of a resolution authorizing
the issuance of any bonds, enter into one or more contracts with two or more municipalities
which are authorized to contract with the authority pursuant to Section 11-50A-17. Any resolution
of the board authorizing the issuance of bonds may authorize those bonds to be issued in more
than one series, and the issuance of each series of bonds so authorized by that resolution
need not be preceded by the entering into by the authority of additional contracts pursuant
to Section 11-50A-17. (b) The board may by resolution or resolutions authorize the issuance
of bonds. Unless otherwise provided therein, the resolution or resolutions shall take effect
immediately and need not be published or posted. The board may authorize such types of bonds
as it may determine, subject only to any agreement with...
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9-10A-15
Section 9-10A-15 Issuance of bonds. Bonds authorized by Section 9-10A-14 shall not be issued
until proposed by order or resolution of the board of directors of the watershed management
authority specifying the purpose for which the funds are to be used and the proposed undertaking,
the amount of bonds to be issued and the rate of interest they are to bear and are approved
by the Director of the state Department of Finance. An authority, with such approval, shall
have power and is authorized from time to time to issue its negotiable bonds. Said bonds 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
in such manner, 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 and
be subject to such terms of redemption, with or without premium, be...
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22-21-182
Section 22-21-182 Borrowing by corporation generally; debts not obligations of state, counties
or municipalities; tax exemptions. (a) All securities of the corporation shall be signed in
the name and behalf of the corporation by its chairman and attested by its secretary, but
a facsimile of the signature of one, but not both, of such officers may be printed thereon
in lieu of the manual signature of such officer, and the seal of the corporation shall be
affixed thereto or a facsimile thereof printed thereon. Any interest coupons applicable to
any securities of the corporation shall be signed by its chairman, but a facsimile of such
chairman's signature may be printed on any such interest coupons in lieu of his manually signing
the same. Any securities of the corporation may be executed and delivered by it at any time
and from time to time, shall be in such form and denomination and of such tenor and maturity
or maturities not exceeding 40 years from their date, shall contain such...
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22-23B-2
Section 22-23B-2 Definitions. The following words and phrases, whenever used in this chapter,
shall have the following respective meanings unless the context clearly indicates otherwise:
AUTHORITY. The corporation organized pursuant to the provisions of this chapter as a public
corporation, agency and instrumentality of the state and known as the "Alabama Drinking
Water Finance Authority." AUTHORIZING RESOLUTION. A resolution, order or other proceedings
adopted by the board of directors of the authority authorizing the issuance of bonds, agreements
and related matters. BOARD OF DIRECTORS. The board of directors of the authority. BOND PROCEEDS.
The net proceeds of sale of bonds or notes, and the income derived from the investment of
such proceeds. BONDS. The bonds, notes or obligations or other evidences of indebtedness issued
by the authority under the provisions of this chapter. DEPARTMENT. The Alabama Department
of Environmental Management or any successor. FEDERAL ACT. The Act of...
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