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41-10-60
Section 41-10-60 Disposition of proceeds from sale of bonds and refunding bonds. (a) The authority
shall pay out of the proceeds from the sale of any of the bonds all expenses, including fees
of agents and attorneys and other charges, which said board of directors may deem necessary
or advantageous in connection with the issuance of the bonds. The proceeds of the bonds, other
than refunding bonds, remaining after paying the expenses of their issuance shall be turned
over to the State Treasurer and shall be carried by him in a special account to the credit
of the authority and shall be subject to be drawn on by the authority solely for the purposes
of acquiring real estate suitable for the purpose of the authority in Jefferson County, Alabama,
including all expenses reasonably necessary in connection with such acquisition, and erecting,
constructing and equipping on such real estate exhibition halls, buildings, warehouses, storage
facilities, parking areas and other structures and...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
14-2-19
Section 14-2-19 Bonds - Disposition of proceeds. (a) All proceeds derived from the sale of
any bonds, except refunding bonds, sold by the authority, remaining after payment of the expenses
of issuance thereof, shall be turned over to the State Treasurer, shall be carried in a special
account to the credit of the authority, and shall be subject to be drawn on by the authority
solely for the purposes of: (1) Acquiring land for and constructing, reconstructing and equipping
thereon one or more facilities; (2) Constructing additional improvements on property currently
owned by the Department of Corrections or the authority in order to provide for additional
bedspace; (3) Paying all reasonable and necessary expenses incidental thereto, including filing,
recording, surveying, legal and engineering fees and expenses; (4) Paying the interest which
will accrue on the said bonds during the period required for the construction and equipment
of the said facilities and for a period not exceeding...
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41-10-506
Section 41-10-506 Disposition of proceeds of bonds. (a) All proceeds derived from the sale
of any bonds, except refunding bonds, sold by the authority, remaining after payment of the
expenses of issuance thereof, shall be turned over to the State Treasurer, shall be carried
by him in a special account to the credit of the authority, and shall be subject to be drawn
on by the authority solely for the purposes of: (1) Acquiring land for and constructing, reconstructing
and equipping thereon one or more facilities; (2) Paying all reasonable and necessary expenses
incidental thereto, including filing, recording, surveying, legal and engineering fees and
expenses; (3) Paying the interest which will accrue on the said bonds during the period required
for the construction and equipment of the said facilities and for a period not exceeding six
months after the completion thereof; and (4) Paying the principal of and interest on all then
outstanding notes theretofore issued by the authority...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-506.htm - 2K - Match Info - Similar pages
41-10-270
Section 41-10-270 Use of proceeds from sale of bonds. All proceeds derived from the sale of
any bonds (except refunding bonds) by the authority remaining after payment of the expenses
of issuance thereof shall be turned over to the State Treasurer, shall be carried in a special
account of the State Treasury to the credit of the authority, and shall be subject to be drawn
on by the authority solely for the purposes of funding any required reserve fund, acquiring,
constructing, installing and equipping judicial facilities and paying all reasonable and necessary
expenses incidental thereto, including interest which shall accrue on said bonds during the
construction of said judicial facilities. Any balance of said proceeds thereafter remaining
shall, upon completion of said judicial facilities and the payment of all costs in connection
therewith, be used for the redemption of bonds of the authority at the earliest permissible
date. (Acts 1986, No. 86-420, p. 627, ยง11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-270.htm - 1K - Match Info - Similar pages
41-10-468
Section 41-10-468 Use of proceeds from sale of bonds. All proceeds derived from the sale of
any bonds (except refunding bonds) sold by the authority remaining after payment of the expenses
of issuance thereof and the funding of any required reserve or replacement fund shall be turned
over to the State Treasurer, shall be carried by the State Treasurer in a special account
to the credit of the authority, and shall be subject to be drawn on by the authority solely
for the purposes of constructing, renovating, reconstructing, improving, altering, adding
to, demolishing, and equipping one or more public office buildings (including the State Capitol),
surfacing and resurfacing of land for parking and other uses to produce revenue, and all reasonable
and necessary expenses incidental thereto, including interest which shall accrue on said bonds
during the construction, renovation, reconstruction, improvement, alteration, addition, demolition,
and equipping of said buildings, surfacing and...
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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
16-16B-8
Section 16-16B-8 (Implementation Conditioned on Separate Legislative Enactment.) Refunding
bonds. For the purpose of refunding any Bonds or Refunding Bonds of the Authority issued under
the provisions of this chapter, the 1965 Act, the 1971 Acts, the 1973 Act, the 1978 Act, the
1985 Act, the 1990 Act, the 1995 Act, the 1998 Act, the 1999 Act, the 2001 Act, the 2002 Act,
the 2003 Act, the 2007 Act or any other act previously enacted, or any combination thereof,
whether such refunding shall occur before, at or after the maturity of the Bonds refunded
and for the purpose of paying all premiums and expenses of such refunding (including, but
not limited to, attorneys' fees, costs of printing the Refunding Bonds, fiscal agents' fees,
and accountants' fees), the Authority is hereby authorized to sell and issue its Refunding
Bonds. Such Refunding Bonds may be sold and issued from time to time, at public sale, on sealed
bids and on such other terms and conditions as the Authority shall...
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11-50A-1
Section 11-50A-1 Definitions. As used in this chapter, the following words shall have the following
meanings unless the context clearly indicates otherwise: (1) AUTHORITY. Alabama Municipal
Electric Authority created pursuant to this chapter and any successor or successors thereto.
(2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by the authority
under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION NOTES.
Short term obligations issued by the authority in anticipation of the issuance of bonds. (5)
COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment, alteration,
repair, or extension of any project; all costs of real and personal property required for
the purposes of any project, including any rights or undivided interest therein; all costs
of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates,
and all costs of securing any permits, approvals, licenses,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-1.htm - 9K - Match Info - Similar pages
11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution, sale,
delivery, redemption, etc.; security for payment of principal or interest; remedies upon default;
liability of municipalities, board, etc., thereupon. (a) Any authority shall have power to
issue from time to time its bonds and notes in such principal amount as its board shall determine
to be necessary to provide sufficient funds for achieving any of its corporate purposes, including
the payment of interest on any of its notes and bonds, the establishment of reserves to secure
any such notes and bonds and all other expenditures of such authority incident to and necessary
or convenient to carry out its corporate purposes and powers. Any authority shall also have
the power to issue from time to time notes to renew notes and bonds to pay notes, including
interest thereon and, whenever it deems refunding expedient, to refund any bonds by the issuance
of new bonds, whether the bonds to be refunded...
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