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16-13-302
Section 16-13-302 Issuance authorized; purposes; refunding warrants; powers of the boards;
mandamus for payment. (a) In addition to all other notes, obligations, warrants, and other
forms or types of indebtedness which any board shall have the power to issue pursuant to laws
other than this article, each board shall have full and continuing power from time to time
to issue and sell warrants for educational and public school purposes, including, without
limitation, the following: (1) For the purpose of paying the costs of public school facilities.
(2) For the purpose of paying or refunding all or any portion (principal or interest or premium)
of any refundable debt then outstanding, whether such refunding shall occur before, at, or
after the maturity of the refundable debt to be refunded. (3) For the payment of extraordinary,
nonrecurring items that are not customarily payable from current revenues, including, without
limitation, casualty losses, legal judgments, and payments due upon...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-302.htm - 3K - Match Info - Similar pages
11-15-9
Section 11-15-9 Warrants - Authority for issuance; form, terms, denominations, redemption,
etc.; sale. The corporation is authorized to issue its interest-bearing revenue warrants for
the purpose of acquiring, constructing, improving, enlarging, completing and equipping one
or more projects. All warrants issued by the corporation shall be limited obligations of the
corporation, the principal of and interest on which shall be payable solely out of the revenues
derived from the projects with respect to which they are issued. None of the warrants of the
corporation shall ever constitute an obligation or debt of the state or of the county or a
charge against the credit or taxing powers of the state or the county. Warrants of the corporation
may be issued at any time and from time to time, may be in such form and denominations, may
be of such tenor, may be payable in such installments and at such time or times not exceeding
30 years from their date, may be payable at such place or places...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-15-9.htm - 2K - Match Info - Similar pages
11-57-11
Section 11-57-11 Bonds - Authority for issuance; security for payment of principal and interest
generally; form, terms, denominations, etc.; sale, redemption, etc. The authority is empowered
at any time and from time to time to sell and issue its revenue bonds for the purpose of providing
funds to acquire, construct, improve, enlarge, complete and equip one or more projects and
for payment of obligations incurred for any such purpose. The principal of and interest on
any such bonds shall be payable solely out of the revenues derived from the project with respect
to which such bonds were issued. Any bonds of the authority may be delivered by it 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 chapter as may be provided by the...
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22-29-1
Section 22-29-1 Definitions. For the purposes of this chapter, unless otherwise indicated,
the following terms shall have the meanings respectively ascribed to them by this section:
(1) AUTHORITY. The public corporation organized pursuant to the provisions of this chapter
as a public corporation, agency and instrumentality of the state. (2) AUTHORIZING RESOLUTION.
A resolution or order adopted by the board of directors authorizing the issuance of bonds
by the authority or providing for an indenture of trust under and pursuant to which its bonds
are to be issued. (3) BOARD OF DIRECTORS. The board of directors of the authority. (4) BOARD.
The State Board of Health of the State of Alabama or the State Committee of Public Health
or the State Health Officer, whichever at the time has the authority to act in health matters
pursuant to Sections 22-1-3, 22-2-1, 22-2-2, 22-2-6 and 22-2-8. (5) BONDS. The bonds issued
by the authority under the provisions of this chapter. (6) BOND SERVICE...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-29-1.htm - 3K - Match Info - Similar pages
23-1-158
Section 23-1-158 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the corporation, remaining after paying the expenses of their issuance,
shall be turned in to the Treasury or shall be deposited into such account or accounts as
specified in the resolution of the board of directors whereunder such bonds are authorized
to be issued, and shall be subject to be drawn on upon the approval of the Department of Transportation
solely for the purpose of constructing, reconstructing, and relocating public roads, bridges
and approaches thereto, tunnels, other public roadway improvements, or work incidental or
related thereto, in the State of Alabama, including the acquisition of property necessary
for such construction, reconstruction, and relocation and incidental and related work. If
action is necessary in order to comply with any federal legislation relating to federal aid
in construction of roads, the corporation may authorize the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-158.htm - 5K - 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
24-1-71
Section 24-1-71 Form, denominations, terms, etc., of bonds; sale of bonds; issuance of interim
certificates, etc. (a) 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, payable semiannually, 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 may be sold at public sale held after both of the following:
(1) A notice shall be published once at least 10 days prior to the sale in a newspaper circulating
in the county. (2) In addition, a notice shall be published...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-71.htm - 3K - Match Info - Similar pages
27-27-7
Section 27-27-7 Solicitation permit - Issuance; contents; compliance with terms. (a) Upon the
filing of any bond required by Sections 27-27-10 or 27-27-16, after notice by the commissioner
provided for in subsection (a) of Section 27-27-6, or upon his decision to grant a solicitation
permit if such a bond is not so required, the commissioner shall issue to the applicant or
to the newly formed corporation, if the application is on behalf of a newly formed incorporated
domestic insurer, a solicitation permit. Every solicitation permit issued by the commissioner
shall contain provisions in substance as follows: (1) State the securities or other rights
or interests for which subscriptions are to be solicited, the number, classes, par value,
and selling price thereof, or identify the insurance contract, or contracts, for which applications
and advance premiums or deposits of premium are to be solicited in the case of mutual or reciprocal
insurers; (2) Require that any particular class of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-7.htm - 5K - Match Info - Similar pages
10A-2A-1.45
Section 10A-2A-1.45 Definitions. In this article: (1) "Corporate action" means any
action taken by or on behalf of the corporation, including any action taken by the incorporator,
the board of directors, a committee of the board of directors, an officer or agent of the
corporation or the stockholders. (2) "Date of the defective corporate action" means
the date (or the approximate date, if the exact date is unknown) the defective corporate action
was purported to have been taken. (3) "Defective corporate action" means (i) any
corporate action purportedly taken that is, and at the time such corporate action was purportedly
taken would have been, within the power of the corporation, but is void or voidable due to
a failure of authorization, and (ii) an overissue. (4) "Failure of authorization"
means the failure to authorize, approve, or otherwise effect a corporate action in compliance
with the provisions of this chapter, the certificate of incorporation or bylaws, a corporate
resolution,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-1.45.htm - 3K - Match Info - Similar pages
11-47-221
Section 11-47-221 Bonds of an authority - Execution and delivery; form and denominations; rate
of interest; redemption; issuance and sale. Bonds of an authority may be executed and delivered
by it at any time, shall be in the form and denominations and of the tenor and maturity or
maturities not exceeding 30 years from their date, shall bear the rate or rates of interest,
which may be fixed or which may float or vary based on some index or other standard deemed
appropriate by the board or pursuant to periodic determinations made by an agent of the authority,
shall be payable and evidenced in the manner, may contain provisions for redemption prior
to maturity, and may contain other provisions not inconsistent with the provisions of this
article, all as may be provided by the resolution of the board authorizing the bonds or by
the indenture whereunder the bonds are authorized to be issued. A bond of any authority having
a specified maturity date more than 10 years after its date shall be...
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