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16-60-54
Section 16-60-54 Donations; sale of property of college. The board of trustees is hereby invested
with full and ample authority to receive and accept for the use and benefit of the college
all gifts, donations, devises and bequests of any and all money and real and personal property
necessary and useful in carrying into effect the objectives and purposes of this article.
The board of trustees, in the name of such corporation, may sell and dispose of any such property
when, in the judgment of such board, such sale or other disposition thereof may aid in carrying
into effect the objectives of this article and the building up and sustaining of the college.
(Acts 1961, Ex. Sess., No. 151, p. 2095, §5.)...
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16-53-2
Section 16-53-2 Corporate powers. Such corporation shall have all the rights, privileges, and
franchises necessary to the promotion of the ends of its creation, and shall be charged with
all corresponding duties, liabilities, and responsibilities. Such corporation may hold and
may lease, sell, or, in any other manner not inconsistent with the object or terms of the
grant or grants under which it holds, dispose of any property, real or personal, or any estate
or interest therein remaining, of any grant by any governmental unit or by any person, or
accruing to the corporation from any source, as it may deem best for the purposes of the university.
The president with the approval of the board shall be authorized to execute any lease, deed,
or other instrument of conveyance on behalf of the corporation, without additional approval.
The board of trustees shall have the exclusive authority over and jurisdiction of land, buildings,
and other capital improvements now existing on or hereinafter...
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35-6-44
Section 35-6-44 Proceedings against unknown persons and certain other parties defendant. When
it is necessary to make any persons defendant to a petition in the probate court filed for
the partition of property or for a sale thereof because it cannot be equitably divided, and
the names of all or any of such persons are unknown to the petitioner and cannot be ascertained
on diligent inquiry, if the petitioner shall state in a petition, or in an affidavit thereto
annexed, that the names of such persons are unknown, and that he has made diligent inquiry
to ascertain the same, proceedings may be had against them without naming them; and the judge
of probate must make publication as in case of nonresident defendants, describing such unknown
parties as near as may be by the character in which they are sued, and with reference to their
title or interest in the property sought to be partitioned or to be sold for division of the
proceeds. Should petitioner, after exercising reasonable diligence...
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16-48-2
Section 16-48-2 Corporate powers. Such corporation shall have all the rights, privileges and
franchises necessary to a promotion of the end of its creation and shall be charged with all
corresponding duties, liabilities and responsibilities. Such corporation may hold and may
lease, sell or in any other manner not inconsistent with the object or terms of the grant
or grants under which it holds, dispose of any property, real or personal, or any estate or
interest therein, remaining of the original or any subsequent grant by Congress, or by this
state, or by any person, or accruing to the corporation from any source, as to it may seem
best for the purposes of its institution; and any and all sales of property, real or personal,
heretofore made pursuant to and by authority of action of the board of trustees of said institute
and written instruments of conveyance of title thereto purporting to have been made pursuant
to such action are hereby ratified and confirmed as acts of the...
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22-26-2
Section 22-26-2 Authority of boards of health to require installation of connections with sanitary
sewers, etc.; rules and regulations. The State Board of Health and/or county boards of health,
acting through its duly authorized agents or employees, shall require every person, firm or
corporation or municipal corporation, or agent thereof, owning or occupying property within
the state, to install the type and number of sewage collection, treatment, and disposal facilities
conforming to rules and regulations of the State Board of Health and/or county boards of health
and require connection to a sanitary sewer conforming to rules and regulations of the State
Board of Health and/or county boards of health where sanitary sewers are available and are
not regulated by the municipal corporation, or to dispose of sewage in such sanitary manner
as shall be approved by the State Board of Health. All required sewage treatment and disposal
facilities shall conform in every respect with the...
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45-49-91.01
Section 45-49-91.01 Election to establish district. An election on the establishment of the
district shall be held within the boundaries of the district if a written petition is submitted
to the county commission with signatures from 125 property owners of real property in the
proposed district. Only property owners who own property in the proposed district at the time
the petition is certified by the Judge of Probate of Mobile County shall be eligible to sign
the petition and be counted toward the required number necessary to call an election. If property
is owned by partnership, company, or corporation, the signature on the petition shall be that
of the person authorized to sign for the company or corporation under the articles of incorporation
or company structure. (Act 2005-75, p. 111, § 2.)...
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10A-2-12.02
Section 10A-2-12.02 Sale of assets other than in regular course of business. REPEALED IN THE
2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (a) Subject to the limitations of the Constitution of Alabama of 1901, as
the same may be amended from time to time, a corporation may sell, lease, exchange, or otherwise
dispose of all, or substantially all, of its property, with or without the good will, otherwise
than in the usual and regular course of business on the terms and conditions and for the consideration
determined by the corporation's board of directors, if the board of directors proposes and
its shareholders approve the proposed transaction. (b) For a transaction to be authorized:
(1) The board of directors must recommend the proposed transaction to the shareholders unless
the board of directors determines that because of a conflict of interest or other special
circumstances it should make no recommendation and communicates...
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10A-20-7.04
Section 10A-20-7.04 Powers of corporation. In furtherance of its purposes and in addition to
the powers now or hereafter conferred on business corporations by Alabama statutes, the corporation
shall, subject to the restrictions and limitations contained in this section, have the following
powers: (1) To elect, appoint, and employ officers, agents, and employees to make contracts
and incur liabilities for any of the purposes of the corporation; provided, that the corporation
shall not incur any secondary liability by way of guaranty or endorsement of the obligations
of any person, firm, corporation, joint stock company, association, or trust or in any other
manner. (2) To borrow money from its members and the small business administration and any
other similar federal agency for any of the purposes of the corporation, to issue therefor
its bonds, debentures, notes, or other evidences of indebtedness, whether secured or unsecured,
and to secure the same by mortgage, pledge, deed of...
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10A-2A-14.14
Section 10A-2A-14.14 Election to purchase in lieu of dissolution. (a) In a proceeding under
Section 10A-2A-14.10(a)(2) to dissolve a corporation, the corporation may elect or, if it
fails to elect, one or more stockholders may elect to purchase all stock owned by the petitioning
stockholder at the fair value of the stock. An election pursuant to this section shall be
irrevocable unless the court determines that it is equitable to set aside or modify the election.
(b) An election to purchase pursuant to this section may be filed with the court at any time
within 90 days after the filing of the petition under Section 10A-2A-14.10(a)(2) or at a later
time as the court in its discretion may allow. If the election to purchase is filed by one
or more stockholders, the corporation shall, within 10 days thereafter, give written notice
to all stockholders, other than the petitioner. The notice must state the name and number
of shares of stock owned by the petitioner and the name and number of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-14.14.htm - 5K - Match Info - Similar pages
16-47A-5
Section 16-47A-5 Board of Trustees - Powers and duties. (a) The board shall have all the rights,
privileges, and franchises necessary to the promotion of the ends of its creation, and shall
be charged with all corresponding duties, liabilities, and responsibilities. The board may
hold and may lease, sell, or, in any other manner not inconsistent with the object or terms
of the grant or grants under which it holds, dispose of any property, real or personal, or
any estate or interest therein remaining, of any grant by any governmental unit or by any
person, or accruing to the corporation from any source, as the board may deem best for the
purposes of the university. The president of the university, with the approval of the board,
may execute any lease, deed, or other instrument of conveyance on behalf of the corporation,
without additional approval. (b) The board shall have the exclusive authority over and jurisdiction
of land, buildings, and other capital improvements now existing on or...
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