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11-101A-19
Section 11-101A-19 Authorization of securities. (a) Any resolution authorizing any securities
under this chapter may contain a recital that they are issued pursuant to this chapter, which
recital shall be conclusive evidence that the securities have been duly authorized pursuant
to this chapter, notwithstanding any other law now in force or hereafter enacted or amended.
Upon the adoption by the board of any resolution providing for the issuance of securities,
the authority may cause to be published once a week for two consecutive weeks in a newspaper
published in the county in which the principal office of the authority is located, or, if
there is no newspaper, then in a daily newspaper published in the state, a notice in substantially
the following form, with any appropriate changes, to the extent applicable and with the blanks
being properly filled in: " ___, a public corporation and instrumentality under the laws
of the State of Alabama, has authorized the...
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22-21-358
Section 22-21-358 Powers of authorities. In addition to all other powers at any time conferred
on it by law, and subject to any express provisions of its certificate of incorporation or
certificate of reincorporation to the contrary, an authority shall (to the extent at the time
not prohibited by the Constitution of Alabama) have the following powers, together with all
powers incidental thereto or necessary to the discharge thereof in corporate form: (1) To
participate as a shareholder in a corporation, as a joint venturer in a joint venture, as
a general or limited partner in a limited partnership or a general partnership, as a member
in a nonprofit corporation or as a member of any other lawful form of business organization,
which provides health care or engages in activities related thereto; (2) To make or arrange
for loans, contributions to capital and other debt and equity financing for the activities
of any corporation of which such authority is a shareholder, any joint venture...
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45-17-90.40
Section 45-17-90.40 Definitions. For the purposes of this subpart, the following terms shall
have the respective meaning ascribed by this section: (1) AUTHORIZED MUNICIPALITIES. The Cities
of Sheffield, Tuscumbia, Muscle Shoals, Cherokee, Littleville, Leighton, and Florence. (2)
COUNTY. Colbert County which is authorized to levy excise taxes pursuant to the provisions
of this subpart. (3) GASOLINE. Gasoline, naphtha and other liquid motor fuels or any device
or substitute therefor commonly used in internal combustion engines; provided, that such term
shall not be held to apply to those products known commercially as "kerosene oil,"
"fuel oil," or "crude oil" when used for lighting, heating, or industrial
purposes. (4) LOCAL PUBLIC CORPORATION. A public corporation incorporated in either Colbert
County or Lauderdale County pursuant to Chapter 99B of Title 11, Article 9, commencing with
Section 11-47-210, of Chapter 47 of Title 11, or any other public corporation organized under
the laws...
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45-45A-43
Section 45-45A-43 Levy of ad valorem tax. (a) In addition to any taxes now authorized or that
may hereafter be authorized by the constitution and laws of the State of Alabama, an increase
of the citywide general ad valorem tax presently being levied pursuant to Section 216 of the
Constitution of Alabama of 1901 and Amendment 56 to the constitution, from the rate of one
dollar twenty-five cents ($1.25) on each one hundred dollars ($100) worth of taxable property
in the City of Madison to the rate of two dollars thirty-five cents ($2.35) on each one hundred
dollars ($100) worth of taxable property in the municipality (an increase of one dollar ten
cents ($1.10) on each one hundred dollars ($100) worth of taxable property, or 11 mills) is
approved; such additional 11 mill tax for general public school purposes, to be levied and
collected by the governing body of the City of Madison for each year beginning with the levy
for the tax year October 1, 1993, to September 30, 1994 (the tax for...
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11-44B-6
Section 11-44B-6 Meetings; quorum; majority vote requirements; procedure for adoption of ordinances
and resolutions; approval or veto of mayor; record of proceedings; power of council as to
city employees; all powers of city vested in council. (a) The council shall hold regular public
meetings at least once a week at some regular hour to be fixed by the council. The council
may hold such adjourned, called, or other meetings as may be necessary or convenient. (b)
All council meetings shall comply with the applicable law concerning open or public meetings.
(c) A majority of the elected membership of the council shall constitute a quorum for the
transaction of any and every power conferred upon the council. For the purposes of determining
a quorum, the mayor shall not be counted. (d) The affirmative vote of a majority of the council
members present, and the mayor in the event of a tie, as provided by this article, shall be
sufficient for the passage of any resolution, bylaw, or ordinance,...
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11-65-10
Section 11-65-10 Powers and duties of commission. When authorized by one or more elections
as provided in Section 11-65-4, a commission shall have the powers and duties necessary to
license, regulate, and supervise horse racing and pari-mutuel wagering thereon and greyhound
racing and pari-mutuel wagering thereon within the commission municipal jurisdiction, including,
without limiting the generality of the foregoing, the powers and duties hereinafter set forth
in this section or in other sections of this chapter. (1) A commission shall have succession
in perpetuity, subject only to the provisions of this chapter as it may be amended from time
to time. (2) A commission shall have the power to sue and be sued in its own name in civil
suits and actions and to defend suits against it. (3) A commission shall have the power to
adopt and make use of an official seal and to alter the same at pleasure. (4) A commission
shall have the power to adopt, alter, and repeal bylaws, regulations and...
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40-29-22
Section 40-29-22 Lien for taxes - Validity and priority against certain persons. (a) Purchasers,
holders of security interests, mechanic's lienors, and judgment lien creditors. The lien imposed
by Section 40-29-20 shall not be valid as against any purchaser, holder of a security interest,
mechanic's lienor, or judgment lien creditor until notice thereof which meets the requirements
of subsection (f) has been filed by the Commissioner of Revenue or his delegate, and shall
not be perfected as against any purchaser, holder of a security interest, mechanic's lienor,
or judgment lien creditor until the date such notice is filed. (b) Protection for certain
interest even though notice filed. Even though notice of a lien imposed by Section 40-29-20
has been filed, such lien shall not be valid: (1) SECURITIES. With respect to a security (as
defined in subsection (g)(4)): a. As against a purchaser of such security who at the time
of purchase did not have actual notice or knowledge of the...
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45-29-90.05
Section 45-29-90.05 Powers, duties, and functions of authority. (a) The general powers, duties,
and functions of the authority shall be as follows: (1) Shall have perpetual succession in
its corporate name. (2) May sue and be sued in its corporate name. (3) May adopt, use, and
alter a corporate seal, which shall be judicially noticed. (4) May enter into such contracts
and cooperative agreements with federal, state, and local governments, with agencies of such
governments, and with private individuals, corporations, associations, and other organizations
whether organized under the laws of Alabama or of another state, as the board may deem necessary
or convenient to enable it to carry out the purposes of this article. (5) May adopt, amend,
and repeal bylaws. (6) May appoint managers, officers, employees, attorneys, and agents as
the board deems necessary for the transaction of its business, fix their compensation, define
their duties, and require bonds of such of them as the board may...
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5-17-21
Section 5-17-21 Voluntary dissolution. (a) Unless otherwise provided in the bylaws of the credit
union, the membership of the credit union may elect to dissolve the credit union upon an affirmative
vote of two thirds of the members of the credit union who participate in the vote. (b) The
vote to voluntarily dissolve a credit union shall be taken at a meeting held for that purpose.
Voting by mail ballot shall be permitted. Notice of the meeting must state that the purpose
of the meeting is to vote on the voluntary dissolution of the credit union and must be mailed
to the last known address of each member of the credit union at least 30 calendar days prior
to the date of the meeting. The notice, at a minimum, shall also contain all of the following
information: (1) A general description of the implications of the dissolution process on the
deposit shares of members. (2) A general description of the implications of the dissolution
process on members who have borrowings with the credit...
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11-54B-50
Section 11-54B-50 District management corporation limits, powers, and duties. (a) District
management corporations provided for in this article shall be incorporated under the Alabama
Nonprofit Corporation Act, Chapter 3 of Title 10A, and shall exercise their powers in a manner
consistent with that law. (b) To qualify for designation by ordinance to manage a self-help
business improvement district, the articles of incorporation of a proposed district management
corporation shall provide all of the following: (1) That a board of directors shall manage
the property, business, and affairs of the corporation. (2) The names and addresses of the
initial members of the board of directors. (3) That the initial members of the board shall
be divided into three groups which are as equal in number as is possible, that those groups
will serve for initial terms of one, two, and three years respectively, and that all directors
thereafter elected by the board of directors shall serve for a term of...
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