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16-17-10
Section 16-17-10 Bonds of authority. (a) All bonds issued by the authority shall be signed
by its chairman 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 said chairman; 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 facsimile of the signature
of the chairman of the authority may be printed or otherwise reproduced on any such interest
coupons in lieu of his manually signing the same. (b) Any such bonds may be executed and delivered
by the authority at any time and from time to time, shall be in such form and denominations
and of such tenor and maturities, shall contain such provisions...
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16-18-11
Section 16-18-11 Bonds of authority. (a) All bonds issued by the authority shall be signed
by its chairman 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 said chairman; 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 facsimile of the signature
of the chairman of the authority may be printed or otherwise reproduced on any such interest
coupons in lieu of his manually signing the same. (b) Any such bonds may be executed and delivered
by the authority at any time and from time to time, shall be in such form and denominations
and of such tenor and maturities, shall contain such provisions...
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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant to
this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which the
payment of debt service referable to bonds, notes, or other evidences of indebtedness of a
development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of the
authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes, or
other evidences of indebtedness of a development agency that are issued solely for the purpose
in financing a project and that are guaranteed, in whole or in part,...
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45-29-90.12
Section 45-29-90.12 Rates, fees, and charges for services. (a) Rates, fees, and charges for
services rendered by the authority from any of its facilities shall be fixed and from time
to time revised by the authority; provided, that such rates, fees, and charges shall be so
fixed as at all times to provide funds at least sufficient to do all of the following: (1)
To pay the cost of operating, maintaining, repairing, replacing, extending, and improving
the facilities and other property from which such services are rendered. (2) To pay the principal
of and the interest on all bonds issued and obligations assumed by it, the authority, that
are payable out of the revenues derived from the operation of those facilities, as the principal
and interest become due and payable. (3) To create and maintain such reserves for the foregoing
purposes or any of them as may be provided in any mortgage and deed of trust or trust indenture
executed by the authority hereunder or in any resolutions of the...
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11-58-7
Section 11-58-7 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, etc.;
dissolution of corporation. (a) All bonds issued by a corporation organized under authority
of this chapter shall be solely and exclusively obligations of the corporation and shall not
create an obligation or debt of any municipality or county. No county or municipality shall
pledge its faith or credit for the payment of any debt incurred or bonds issued by the corporation.
(b) Bonds may be executed and delivered at any time and from time to time, may be in the form
and denominations, may be of the tenor, may be in registered or bearer form, either as to
principal or interest or both, may be payable in installments and at a time or times, not
exceeding 40 years from their issuance date, may be payable at a place or places, may bear
interest at a rate or rates payable at a place or places and evidenced in a manner, and may
contain provisions not inconsistent with this chapter as may be provided by...
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11-88-12
Section 11-88-12 Establishment and revision of rates, fees, and charges for services rendered
by authority; applicability of provisions of section to authority organized to construct and
operate sewer system. (a) Rates, fees, and charges for water service, sewer service, and fire
protection service rendered by the authority from any of its water systems, sewer systems,
or fire protection facilities shall be so fixed and from time to time revised as at all times
to provide funds at least sufficient to: (1) Pay the cost of operating, maintaining, repairing,
replacing, extending and improving the systems and facilities, or either, from which such
services are rendered; (2) Pay the principal of and the interest on all bonds issued and obligations
assumed by the authority that are payable out of the revenues derived from operation of those
systems and facilities as the said principal and interest become due and payable; (3) Create
and maintain such reserves for the foregoing purposes or any...
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11-92C-22
Section 11-92C-22 Establishment and revision of rentals, licenses, rates, fees, and charges
for services or facilities rendered by authority. Rates, fees, charges, rentals, and licenses
for services rendered by an authority, a cooperative district of which the authority is a
member, or a private user or facilities provided by the authority, a cooperative district
of which the authority is a member, or a private user from any of their projects shall be
so fixed and, from time to time, revised as at all times to provide funds at least sufficient,
taking into account other sources for the payment thereof, to: (1) Pay the cost of operating,
maintaining, repairing, replacing, extending, and improving the project or projects of the
authority, a cooperative district of which the authority is a member, or any private user.
(2) Pay the principal of and the interest on all bonds issued and obligations assumed by the
authority, a cooperative district of which the authority is a member, or any...
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11-89-8
Section 11-89-8 Bonds of district - 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 district shall be signed by the chairman
of its board or other chief executive officer and attested by its secretary and the seal of
the district shall be affixed thereto, and any interest coupons applicable to the bonds of
the district 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 district may be printed or otherwise reproduced on any such
bonds in lieu of being manually affixed thereto and a facsimile of...
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11-97-10
Section 11-97-10 Security for payment of bonds; contracts and agreements to secure. (a) Bonds
issued by any corporation may, as its board may deem advisable, be either general obligations
of such corporation or limited obligations payable only out of certain specified revenues
or assets of such corporation; provided, that any corporation may enter into contracts with
the holders of any of its bonds preventing such corporation from thereafter issuing general
obligation bonds or limiting the amount of such bonds that may thereafter be issued. To the
extent permitted by any contracts with the holders of outstanding bonds and any other contractual
obligations or requirements, any corporation may pledge any of its revenues or mortgage or
assign any of its assets, whether real or personal and whether tangible or intangible, to
secure the payment of any of its bonds. (b) As security for payment of the principal of and
the interest and premium, if any, on any bonds issued or assumed by it, any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-10.htm - 8K - Match Info - Similar pages
16-17A-10
Section 16-17A-10 Indebtedness. (a) An authority from time to time may borrow money or incur
indebtedness and issue bonds, notes, or other evidence of indebtedness in such principal amounts
as the board determines by resolution to be necessary, desirable, and in the best interests
of the authority in order to provide funds to carry out its corporate powers. Indebtedness
may be incurred for any lawful purpose of the authority, including, without limitation, any
of the following: (1) Indebtedness to finance the acquisition or construction of health care
facilities. (2) Indebtedness to provide working capital or funds for operating expenses. (3)
Indebtedness to refund, extend, refinance, or restructure any indebtedness of the authority
or any indebtedness assumed or guaranteed by the authority. (b) Indebtedness may be any of
the following or any combination thereof: (1) A general obligation of the authority to the
payment of which its full faith and credit is pledged. (2) Payable solely...
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