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11-88-8
Section 11-88-8 Bonds of authority - Form, terms, denominations, etc.; sale; execution and
delivery; refunding; liability thereon; security for payment of principal and interest and
payment thereof generally; provisions in mortgages, deeds of trust or trust indentures executed
as security for payment of bonds generally. 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-8.htm - 5K - Match Info - Similar pages
11-9-22
Section 11-9-22 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county shall have
the power from time to time to sell and issue interest-bearing warrants of such county for
the purpose of paying costs to that county of acquiring and providing one or more waterworks
systems for the purpose of rendering water service in any part of the county; provided, that
the county shall not render water service within any municipality except pursuant to franchise
granted to the county by such municipality. Any warrants issued under the provisions of this
article 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 payable at such times, may be payable at such place or places within or without the
state, may be sold at such time or times and in such manner, whether publicly...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-9-22.htm - 2K - Match Info - Similar pages
45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other powers
now or hereafter granted by law, the authority shall have the following powers, together with
all powers incidental thereto or necessary to the discharge thereof in corporate form: (1)
To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by the Jackson
County Commission which are required by law to be deposited to the credit of the Jackson County
Water Authority. c. The revenues derived from any water, sewer, or garbage system or facility
of the authority. (2) To pledge for payment of any bonds issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.06.htm - 13K - Match Info - Similar pages
22-23B-7
Section 22-23B-7 Purpose; issuing, selling and refunding of bonds. For the purpose of providing
funds for the authority to make loans to public bodies for a project or projects, or for the
payment of obligations incurred or temporary loans made for any of said purposes, the authority
is hereby authorized, from time to time, to issue and sell its bonds or other evidences of
indebtedness. Such bonds may be issued in one or more series; shall be in such form and denominations
and of such terms and maturities, not exceeding 30 years from the date of issue of each series;
shall bear such rate or rates of interest, payable and evidenced in such manner; may contain
such provisions for registration or for redemption prior to maturity; and may contain such
other provisions not inconsistent herewith, all as may be provided by the authorizing resolution.
As security for the payment of the principal of and interest on its bonds, the authority is
authorized to pledge, transfer and assign any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23B-7.htm - 4K - Match Info - Similar pages
11-86A-16
Section 11-86A-16 Application of proceeds from the sale of bonds; source of payment; pledge
of county's or municipality's credit; negotiability; exemption from taxation; pledge as security
for funds belonging to a public person; investment in bonds by fiduciaries; no public hearing
required; investment in bonds by Teachers' Retirement System of Alabama, the Employees' Retirement
System of Alabama, and the State Insurance Fund; investment in bonds by public persons. (a)
The proceeds from the sale of any bonds shall be applied as provided in the proceedings in
which the bonds are authorized to be issued, including, without limitation, the payment of
all legal, fiscal, and recording fees and expenses incurred in connection with the authorization,
sale, and issuance of the bonds and, if provided in the proceedings authorizing their issuance,
interest on the bonds (or if only a part of any issue of bonds is issued for acquisition purposes,
interest on that portion of the bonds of that issue...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-86A-16.htm - 3K - Match Info - Similar pages
33-2-8
Section 33-2-8 General provisions relative to inland waterways improvement bonds and temporary
loans. In order to provide funds for the purposes herein authorized, the Governor is hereby
empowered to execute, with the concurrence of the director of state docks, and to sell the
state's bonds in such amounts, not exceeding in the aggregate the sum of $3,000,000.00 as
may be necessary for said purposes, all under and subject to the following provisions: Said
bonds shall be appropriately designated as inland waterways improvement bonds of the state.
The bonds may be issued from time to time in one or more series and the bonds of each series
shall be payable in substantially equal annual installments of principal and interest at such
times as may be designated by the State Docks Department with approval of the Governor; provided,
that the first installment of principal of the bonds of each series must mature not later
than 10 years from the date of such series and the last installment of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-8.htm - 10K - Match Info - Similar pages
41-10-469
Section 41-10-469 Use of proceeds of refunding bonds. The proceeds of refunding bonds shall
be applied, together with any other moneys legally available therefor, to the payment of the
expenses authorized by this article and to the payment of the principal of, premium, if any,
and interest due and to become due on any outstanding bonds to be refunded thereby and, if
so required by resolution of the authority, shall be deposited in the State Treasury in an
interest account to pay interest on refunding bonds, and in the State Treasury in a reserve
account to further secure the payment of the principal of, premium, if any, and interest on
any refunding bonds. The expenses authorized by this article shall include, in addition to
expenses authorized by other sections hereof, all expenses that the board of directors may
deem necessary or advantageous in connection with the sale and issuance of such refunding
bonds, including without limitation, the expenses of selling and issuing such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-469.htm - 7K - Match Info - Similar pages
41-10-756
Section 41-10-756 Refunding bonds. (a) Any bonds issued by the authority may from time to time
be refunded by the issuance, sale, or exchange of refunding bonds for the purpose of paying
the following items: (1) All or any part of the principal of the bonds to be refunded. (2)
Any redemption premium required to be paid as a condition to the redemption prior to maturity
of any such bonds that are to be so redeemed in connection with such refunding. (3) Any accrued
and unpaid interest on the bonds to be refunded. (4) Any interest to accrue on each bond to
be refunded to the date on which it is to be paid, whether at maturity or by redemption prior
to maturity. (5) The expenses incurred in connection with the refunding. (b) Refunding bonds
of the authority may be sold, in the discretion of the authority, either (1) at public sale
or sales, based on sealed bids received either electronically or on paper, after advertisement
as may be prescribed by the authority, to the bidder whose bid...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-756.htm - 2K - Match Info - Similar pages
11-54-179
Section 11-54-179 Bonds of authority generally. (a) Source of payment. All bonds issued by
an authority shall be payable solely out of the revenues and receipts derived from the leasing
or sale by the board of its projects or of any thereof as may be designated in the proceedings
of the board under which the bonds shall be authorized to be issued. (b) Pledge of revenues,
receipts and other security. The principal of and interest on any bonds issued by an authority
shall be secured by a pledge of the revenues and receipts out of which the same may be payable
and may be secured by a mortgage and deed of trust or trust indenture conveying as security
for such bonds all or any part of the property of the authority from which the revenues or
receipts so pledged may be derived. The resolution under which the bonds are authorized to
be issued and any such mortgage and deed of trust or trust indenture may contain any agreements
and provisions respecting the operation, maintenance and insurance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-179.htm - 5K - Match Info - Similar pages
11-9-2
Section 11-9-2 Authority for issuance; form, terms, denominations, etc.; sale and disposition
of proceeds; pledge for payment of principal and interest generally. Each county which is
now levying or may hereafter levy a special sanitary tax shall have the power from time to
time to sell and issue, in addition to all other securities which it may now or hereafter
be authorized to issue, interest-bearing warrants or certificates of indebtedness of such
county for the purpose of paying the costs of acquiring, providing, constructing, enlarging
or extending a sanitary sewer system or systems or any part or parts thereof, including sanitary
sewers, outfall lines, a sewage disposal plant or plants and appurtenances to any thereof;
provided, that the maximum principal amount of warrants and certificates of indebtedness that
may be issued under the provisions of this article shall not exceed $1,500,000.00. Any such
warrants or certificates of indebtedness may be in such denomination or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-9-2.htm - 2K - Match Info - Similar pages
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