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10A-10-1.15
Section 10A-10-1.15 Merger. (a) For purposes of this section, the following words
shall have the respective meanings ascribed to them: (1) ALABAMA REAL ESTATE INVESTMENT TRUST.
A real estate investment trust organized in compliance with the provisions of this chapter.
(2) BUSINESS TRUST. a. An entity described in Section 10A-16-1.01. b. An unincorporated
trust or association, including an Alabama real estate investment trust, a common-law trust,
or a Massachusetts trust, which is engaged in business and in which property is acquired,
held, managed, administered, controlled, invested, or disposed of for the benefit and profit
of any person who may become a holder of a transferable unit of beneficial interest in the
trust. (3) DOMESTIC LIMITED LIABILITY COMPANY. A limited liability company as defined under
the Alabama Limited Liability Company Law. (4) DOMESTIC LIMITED PARTNERSHIP. A limited partnership
as defined under the Alabama Limited Partnership Law. (5) FOREIGN BUSINESS TRUST. A...
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23-1-155
Section 23-1-155 Powers. The corporation shall have all of the following powers: (1)
To have perpetual succession by its corporate name unless sooner dissolved pursuant to Section
23-1-160. (2) To maintain actions and have actions maintained against it and to prosecute
and defend in any court having jurisdiction of the subject matter and of the parties. (3)
To have and to use a corporate seal and to alter the same at pleasure. (4) To construct, reconstruct,
and relocate, or to cause to be constructed, reconstructed, and relocated, public roads, bridges,
and approaches thereto, tunnels, and other public roadway improvements, including work incidental
or related thereto, in the State of Alabama. (5) To acquire by purchase, gift or condemnation
or any other lawful means and to convey, or cause to be conveyed, any real, personal, or mixed
property or materials necessary or convenient in connection with the construction, reconstruction,
or relocation of public roads, bridges and approaches...
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34-27C-4
Section 34-27C-4 License application; renewal; fee. (a) Commencing on May 21, 2009,
any security officer, armed security officer, or contract security company providing private
security services in this state shall apply to the board for a license or certification. Any
security officer, armed security officer, or contract security company providing security
services in this state before May 21, 2009, may continue to engage in business operations
pending a final determination by the board, provided such security officer, armed security
officer, or contract security company files an application for license. This chapter shall
not abrogate the terms of a contract existing on May 21, 2009. (b) An application for licensure
or certification shall include all of the following information: (1) The full name, home address,
post office box, and actual street address of the business of the applicant. (2) The name
under which the applicant intends to do business. (3) The full name and address of...
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41-10-44.6
Section 41-10-44.6 Project obligations generally. (a) Issuance of project obligations.
The authority is authorized and empowered to issue its project obligations from time to time
for the purpose of financing one or more projects in such aggregate principal amount as the
board of directors shall determine to be necessary to provide for all or a portion of the
project costs of the project or projects being financed and to pay the expenses of issuing
the project obligations. (b) Source of payment. All project obligations issued by the authority
shall be limited obligations of the authority payable solely from any combination of the following:
(1) The revenues and receipts of the authority derived from the financing agreement or agreements
entered into by the authority with respect to the project or projects financed by such project
obligations; (2) the income or proceeds realized by the authority under any mortgage or other
security granted to the authority; (3) amounts derived from any...
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11-92A-12
Section 11-92A-12 Powers of authority. An authority shall have the following powers,
which it may exercise in any county within such authority's authorized operational area: (1)
To have succession by its corporate name until dissolved as provided in this chapter; (2)
To institute and defend legal proceedings in any court of competent jurisdiction and proper
venue; provided, however, that an authority may not be sued in any trial court other than
the courts of a county within the authorized operational area of the authority; provided,
further, that the officers, directors, agents, and employees of an authority may not be sued
for their actions in behalf of the authority except for actions that are known by such person
to be unlawful or are performed with reckless disregard for the lawfulness of such actions;
(3) To have and to use a corporate seal and to alter the seal at its pleasure; (4) To establish
a fiscal year; (5) To anticipate by the issuance of its bonds the receipt of any...
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16-17A-8
Section 16-17A-8 Powers of authority. (a) An authority shall have and may exercise any
power granted nonprofit corporations under Title 10A, together with all powers incidental
thereto or necessary or desirable to the discharge thereof, including, without limitation,
the following specific powers: (1) To adopt, maintain, and amend bylaws and a corporate seal.
(2) To sue and, subject to the limitations herein, be sued; provided, however, that no authority
entitled to sovereign immunity shall be denied such immunity. (3) To acquire, construct, equip,
and operate those health care facilities it considers necessary or desirable. (4) To enter
into contracts and agreements, borrow money, incur indebtedness, and issue bonds, notes, debt
securities, or any other evidence of indebtedness. (5) To pledge the general credit of the
authority or any revenues or income of the authority to repayment of any of its indebtedness.
(6) To mortgage or pledge its health care facilities or its other assets or...
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23-7-5
Section 23-7-5 Powers and functions. (a) In addition to the powers contained in other
provisions of this chapter, the bank has all power necessary, useful, or appropriate to fund,
operate, and administer the bank, and to perform its other functions including, but not limited
to, the following power to: (1) Have perpetual succession. (2) Adopt, promulgate, amend, and
repeal bylaws, not inconsistent with this chapter for the administration of the bank's affairs
and the implementation of its functions including the right of the board to select qualifying
projects and to provide loans and other financial assistance. (3) Sue and be sued in its own
name. (4) Have a seal and alter it at pleasure, although the failure to affix the seal does
not affect the validity of an instrument executed on behalf of the bank. (5) Make loans to
qualified borrowers to finance the eligible costs of qualified projects and to acquire, hold,
and sell loan obligations at prices and in a manner as the board...
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41-10-44.2
Section 41-10-44.2 Additional definitions. In addition to the definitions contained
in Sections 41-10-20 and 41-10-36, the following terms shall have the following meanings,
respectively, when used in this Article 2A unless the context clearly requires otherwise:
(1) APPROVED COMPANY. Any corporation, partnership, trust or other form of business entity
approved by the authority pursuant to the provisions hereof. (2) FINANCING AGREEMENT. Any
loan, agreement, financing agreement, credit agreement, security agreement, mortgage, guaranty
agreement or other type of agreement entered into by the authority and an approved company
in connection with the financing of a project by the authority. (3) INDUSTRIAL or RESEARCH
ENTERPRISE. Any trade or business described in 1987 Standard Industrial Classification Major
Group 07, Major Groups 20 through 39, inclusive, 50 and 51, Industrial Group Number 737, and
Industry Numbers 8731, 8733 and 8734, as set forth in the Standard Industrial Classification...
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11-45-8
Section 11-45-8 Publication and recordation of ordinances; when ordinances take effect;
adoption of certain technical codes by reference. (a) All ordinances shall as soon as practicable
after their passage be recorded in a book kept for that purpose and be authenticated by the
signature of the clerk. (b)(1) All ordinances of a general or permanent nature, except as
provided in subdivision (2) and in subsection (d) of this section, shall be published
in some newspaper of general circulation published in the municipality, but if no such newspaper
is published in the municipality such ordinances may be published by posting a copy of the
ordinance in three public places within the municipality, one of which shall be at the mayor's
office in the city or town. In the event there is no newspaper published in the municipality
and there is a newspaper published in the county in which the municipality is located having
general circulation in the municipality, at the option of the governing body...
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27-27-7
Section 27-27-7 Solicitation permit - Issuance; contents; compliance with terms. (a)
Upon the filing of any bond required by Sections 27-27-10 or 27-27-16, after notice by the
commissioner provided for in subsection (a) of Section 27-27-6, or upon his decision
to grant a solicitation permit if such a bond is not so required, the commissioner shall issue
to the applicant or to the newly formed corporation, if the application is on behalf of a
newly formed incorporated domestic insurer, a solicitation permit. Every solicitation permit
issued by the commissioner shall contain provisions in substance as follows: (1) State the
securities or other rights or interests for which subscriptions are to be solicited, the number,
classes, par value, and selling price thereof, or identify the insurance contract, or contracts,
for which applications and advance premiums or deposits of premium are to be solicited in
the case of mutual or reciprocal insurers; (2) Require that any particular class of...
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