45-41A-10.12
Section 45-41A-10.12 Notice of bond resolution. Upon the adoption by the board of the authority
of any resolution providing for the issuance of bonds, such authority, in its discretion,
may cause to be published once a week for two consecutive weeks, in a newspaper published
or having a general circulation in the city, a notice in substantially the following form
(the blanks being properly filled in) at the end of which shall be printed the name and title
of either the chair or secretary of such authority: "The Auburn Downtown Redevelopment
Authority, a public corporation organized and existing under the laws of the State of Alabama
(the 'Authority'), after notice published on the ______ day of ______, 20__ , in ______, a
newspaper of general circulation in the City of Auburn, Alabama, held a public hearing on
the ______ day of ______, 20__ , regarding its proposed issuance of $_____ principal amount
of bonds of the Authority for purposes authorized in the act of the Legislature of...
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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...
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41-10-38
Section 41-10-38 Allocation formulae. (a) The state ceiling for calendar year 1989 and thereafter
is hereby allocated in its entirety to the state, and no other governmental unit, issuer,
or other entity of any type shall have or utilize any portion of the state ceiling for such
year except in accordance with this division. The state ceiling for calendar year 1989 and
thereafter shall be redistributed by the authority to issuers of affected bonds in the chronological
order of receipt of completed applications, subject to the limitations, reservations and further
provisions of this subsection. (1) There is hereby reserved for Alabama Housing Finance Authority
25 percent of the state ceiling for each calendar year, to be used for the issuance of exempt
facility bonds for qualified residential rental projects and for the issuance of qualified
mortgage bonds, in such relative principal amounts as shall be determined by the Board of
Directors of Alabama Housing Finance Authority. The...
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9-9-36
Section 9-9-36 Payment of tax to district treasurer - Failure deemed consent to issuance of
bonds and waiver of defenses. Each and every person owning land in the district who shall
fail to pay to the district treasurer the full amount for which his land is liable, as aforesaid,
within the time above specified shall be deemed as consenting to the issuance of water management
bonds; and, in consideration of the right to pay his proportion in installments, he thereby
waives his right of defense to the payment of any tax which may be levied for the payment
of bonds because of any irregularity, illegality or defect in the prior proceedings except
in case of an appeal as provided in this article, which is not affected by this waiver. (Acts
1965, No. 685, p. 1246, §29.)...
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41-10-674
Section 41-10-674 Authorization to issue bonds. (a) General. The authority is authorized from
time to time to sell and issue the bonds in one or more series in an aggregate principal amount
of up to one hundred three million seven hundred sixty thousand dollars ($103,760,000) in
order to provide the funds to pay project costs, ancillary costs and training costs. In addition,
proceeds of the bonds in an amount up to four million six hundred fifty-five thousand dollars
($4,655,000) shall be used to pay the cost of reconstructing and improving the flood levee
located in Elba, Alabama and proceeds in an amount up to five million eight hundred ten thousand
dollars ($5,810,000) shall be used to pay the cost of reconstructing and improving the flood
levee located in Geneva, Alabama. Of the proceeds of the bonds an amount up to seven hundred
sixty thousand dollars ($760,000) shall be allocated for the acquisition of high technology
and audio-visual equipment for an advanced aerospace training...
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45-46-90.11
Section 45-46-90.11 Proceeds from the sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized and any costs and expenses incidental thereto; provided, however, site
preparation grants for industrial development shall not be included as a part of such costs
and expenses. Such costs and expenses may include, but shall not be limited to, all of the
following: (1) The fiscal, engineering, legal, and other expenses incurred in connection with
the issuance of the bonds. (2) In the case of bonds issued to pay costs of acquiring or constructing
all or any part of any facility, interest on such bonds (or if a part only of any series of
bonds is issued for acquisition or construction purposes, interest on that portion of the
bonds of the series that is issued to pay such acquisition or construction costs) prior to
and during such acquisition or construction and for not exceeding one...
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11-89A-8
Section 11-89A-8 Powers of authority; location of facilities of authority. (a) Every authority
shall have all of the powers necessary and convenient to carry out and effectuate the purposes
and provisions of this chapter, including (without limiting the generality of the foregoing)
the following powers: (1) To have succession in its corporate name for the duration of time
(which may be in perpetuity, subject to the provisions of Section 11-89A-21 specified in its
certificate of incorporation); (2) To sue and be sued in its own name in civil suits and actions
and to defend suit against it; (3) To adopt and make use of a corporate seal and to alter
the same at pleasure; (4) To adopt, alter, and repeal bylaws, regulations, and rules, not
inconsistent with the provisions of this chapter, for the regulation and conduct of its affairs
and business; (5) To acquire, whether by gift, purchase, transfer, foreclosure, lease, or
otherwise, to construct and to expand, improve, operate, maintain,...
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11-92A-14
Section 11-92A-14 Bonds of authority. (a) Bonds of an authority shall be signed by its chairman
and attested by its secretary, the seal of the authority shall be affixed thereto, and any
interest coupons applicable to said bonds shall be signed by the chairman; provided that a
facsimile of the signature of said officers may be printed or otherwise reproduced on any
such bonds in lieu of being manually subscribed thereon, a facsimile of the seal of the authority
may be printed or otherwise produced on any such bonds in lieu of being manually affixed thereto,
and a facsimile of the chairman's signature may be printed or otherwise reproduced on any
such interest coupons in lieu of being manually subscribed thereon, provided that the bonds
have been manually authenticated by a transfer agent of the bond issue. Delivery of the bonds
so executed shall be valid notwithstanding any changes in officers or in the seal of the authority
after the signing and sealing of the bonds. (b) Any bonds may...
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22-3A-15
Section 22-3A-15 Disposition of proceeds of bonds; Public Health Facilities Building Fund;
powers of authority; improvement and construction defined; supervision; bidding. (a) The proceeds
of the bonds, other than refunding bonds, remaining after paying the expenses of their sale
and issuance shall be turned in to the State Treasury and all income derived from the investment
of said proceeds (including income from the investment of proceeds held in the Debt Service
Reserve Fund to the extent provided in the resolution, trust indenture or other documents
pursuant to which the bonds shall be issued) shall be carried in a special fund to be designated
the Public Health Facilities Building Fund, and shall be subject to be drawn on by the authority
for the purpose of paying the costs of acquiring, constructing, improving and equipping such
public health facilities in the state as shall be determined by the authority. Subject to
the provisions of Section 22-3A-19, the authority shall have...
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11-86A-14
Section 11-86A-14 Execution of bonds and interest coupons; form, terms, denominations, etc.,
of bonds; validation of bonds; sale; refunding bonds. (a) Bonds of an authority shall be signed
by the chair and attested by the secretary, the seal of the authority shall be affixed thereto,
and any interest coupons applicable to the bonds shall be signed by the chair; provided that
a facsimile of the signature of the officers may be printed or otherwise reproduced on any
bonds in lieu of being manually subscribed. A facsimile of the seal of the authority may be
printed or otherwise produced on any bonds in lieu of being manually affixed thereto, and
a facsimile of the chair's signature may be printed or otherwise reproduced on any interest
coupons in lieu of being manually subscribed, provided, that the bonds have been manually
authenticated by a transfer agent of the bond issue. Delivery of the bonds executed shall
be valid notwithstanding any changes in officers or in the seal of the...
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