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11-9-26
Section 11-9-26 Issuance of warrants deemed to constitute audit and allowance of claim. The
issuance of warrants and any interest coupons applicable thereto pursuant to the provisions
of this article and in accordance with the authorization of the county commission of the county
issuing such warrants shall be deemed to constitute an audit and allowance by such county
commission of a claim, in the aggregate principal amount of such warrants and interest coupons,
against the county and against any tax proceeds and any revenues or either thereof pledged
for payment of such warrants pursuant to the provisions of this article. No proof of registration
or other audit or allowance of such claim shall be required and such warrants and interest
coupons shall, from and after the date of their lawful issuance, be deemed to be allowed claims
against the county by which they were issued and against any tax proceeds and revenues or
either so pledged therefor. (Acts 1973, No. 1128, p. 1901, §7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-9-26.htm - 1K - Match Info - Similar pages
16-18B-7
Section 16-18B-7 Bonds - Issuance and sale. The bonds issued pursuant to this article shall
not be obligations of said corporation but shall be general obligations of the state with
the full faith and credit and taxing power of the state to be pledged to the prompt and faithful
payment of the principal thereof and the interest and redemption premium (if any) thereon.
The proceeds from the sale of the bonds shall be used exclusively for the purposes described
in the aforesaid constitutional amendment. The bonds may be sold and issued in one or more
series at any time and from time to time, may have such series designations, may be in such
forms, principal amounts, denominations and numbers, may be of such tenor and maturities,
may bear such date or dates, may be payable in such installments and at such time or times,
may be payable at such place or places within or without the state, may bear interest at such
rate or rates payable and evidenced in such manner, may contain provisions for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18B-7.htm - 1K - Match Info - Similar pages
22-27-26
Section 22-27-26 Warrants and interest coupons as claims against county. The issuance of warrants
and any interest coupons applicable thereto, pursuant to the provisions of this article and
in accordance with the authorization of the county commission issuing such warrants, shall
be deemed to constitute an audit and allowance by such county commission of a claim, in the
aggregate principal amount of such warrants and interest coupons, against the county and against
any tax proceeds and any revenues, or either thereof, pledged for payment of such warrants
pursuant to the provisions of this article. No proof of registration or other audit or allowance
of such claim shall be required, and such warrants and interest coupons shall, from and after
the date of their lawful issuance, be deemed to be allowed claims against the county by which
they were issued and against any tax proceeds and revenues, or either, so pledged therefor.
(Acts 1971, No. 1197, p. 2068, §7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-27-26.htm - 1K - Match Info - Similar pages
11-89B-2
Section 11-89B-2 Form, terms, denominations, etc. of bonds; execution and delivery; interest;
sale; issuance of refunding bonds; liability on bonds; source of payment; use of proceeds;
mortgage, deed of trust, etc., containing certain agreements. All bonds issued pursuant to
the provisions of this chapter shall be signed by the chairman of the board of directors or
other governing body or other chief executive officer of such public corporation and attested
by its secretary and the seal of such public corporation shall be affixed thereto; provided,
that a facsimile of the signatures of both of the officers whose signatures will appear on
the bonds may be imprinted or otherwise reproduced thereon in lieu of being manually signed
if the proceedings in which the bonds are authorized to be issued provide for the manual authentication
of such bonds by a trustee, registrar or paying agent; provided further, that a facsimile
of the seal of such public corporation may be imprinted or otherwise...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89B-2.htm - 6K - 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-221.htm - 1K - Match Info - Similar pages
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
16-13-70
Section 16-13-70 Issuance authorized; purposes; source of payment. (a) Any county board of
education and any city board of education may issue and sell interest-bearing tax anticipation
warrants for the purpose of paying the costs of erecting, acquiring, providing, constructing,
purchasing, altering, enlarging, improving, repairing and equipping school buildings, school
playgrounds and buildings for housing and repairing school buses, and for the purpose of purchasing
school buses, or for any one or more of such purposes. (b) Warrants issued under the provisions
of this article shall not be general obligations of the board of education issuing such warrants
but shall be payable, as to both principal and interest, solely out of one of the following:
(1) The proceeds of any ad valorem tax voted under the constitution for the purpose of paying
such warrants, or for school purposes generally, and paid, apportioned or allocated to or
for the benefit of the board of education issuing such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-70.htm - 4K - Match Info - Similar pages
4-5-2
Section 4-5-2 Issuance and sale; form; denominations; terms; disposition of proceeds of sale.
Each county shall have the power from time to time to sell and issue interest-bearing warrants
of such county or interest-bearing certificates of indebtedness of such county for the purpose
of paying the cost of acquiring and providing county airports, including lands, structures,
runways and all other airport facilities whatsoever. Such warrants and certificates may be
in such denomination or denominations, may have such maturity or maturities not exceeding
30 years from their date, may bear interest from their date at such rate or rates not exceeding
six percent per annum, payable semiannually, may be payable at such place or places within
or without this state, may be sold at such time or times and in such manner, may be executed
in such manner and may contain such terms not in conflict with the provisions of this chapter,
all as the governing body of such county may provide in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-5-2.htm - 1K - Match Info - Similar pages
16-13-90
Section 16-13-90 Purposes for which warrants issued. In any county in which a special county
tax shall have been voted under the constitution for such purpose or for school purposes generally,
and in any school district in which a special district tax shall have been voted under the
constitution for such purpose or for school purposes generally, the county board of education
or the city board of education, as the case may be, with the approval of the State Superintendent
of Education may issue and sell capital outlay warrants for the purposes of erecting, purchasing,
altering, enlarging, improving, repairing and equipping school buildings and school playgrounds,
and buildings for housing and repairing school buses, including sites for any such buildings
and playgrounds; and for the purpose of purchasing school buses; and for the purpose of acquiring
a school building already erected by another government body, which building is being transferred
to the use and jurisdiction of the board...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-90.htm - 3K - Match Info - Similar pages
2-6-119
Section 2-6-119 Pledge for payment of principal and interest on bonds; filing with Judge of
Probate. In the proceedings authorizing the issuance of any of its bonds, the corporation
is authorized and empowered to pledge for the payment of the principal of and interest on
bonds at the respective maturities of the principal and interest, and to agree to use solely
for such purpose, all the revenues which under the provisions of Section 2-6-118 are provided
for the payment of the principal and interest, subject to prior pledges as and to the extent
the corporation may provide. Upon the issuance of any bonds pursuant to this article, the
corporation may file in the office of the Judge of Probate of Montgomery County, Alabama,
an instrument reciting the issuance of the bonds and the pledge of the revenues as security,
and the filing of the instrument shall constitute constructive notice of the pledge. The instrument
shall be received and recorded by the judge of probate upon the payment of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-119.htm - 1K - Match Info - Similar pages
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