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11-50-15
Section 11-50-15 Fees of directors. In any instance where a public corporation heretofore or
hereafter organized pursuant to the provisions of Sections 11-50-231 through 11-50-238, 11-50-240
and 11-50-241, or under the provisions of Sections 11-50-310 through 11-50-318 and 11-50-320
through 11-50-324 owns and operates one or more utility systems, the board of directors of
such corporation may at its election authorize the payment by such corporation of the following
directors' fees to the members of the board of directors in lieu of the directors' fees authorized
in the statute under which such corporation was organized. No fee shall be paid to any director
for services rendered with respect to a sanitary sewer system. In any instance when the system
or systems owned and operated by the corporation are any one or more of a water system, a
gas system, and an electric system, the chair of the board of directors may be paid a director's
fee in an amount not exceeding six hundred dollars...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-15.htm - 2K - Match Info - Similar pages
41-9-252
Section 41-9-252 Cahawba Historical Site - Advisory committee. (a)(1) There is established
an advisory committee to be known as the Cahawba Advisory Committee, composed of 16 members,
15 of whom shall be appointed by the Governor. The Judge of Probate of Dallas County shall
be the sixteenth member but shall be a member ex officio and shall not be entitled to a vote
on the advisory committee. The members shall serve for terms of seven years each, and the
judge of probate shall serve throughout his or her term of office. Members of the advisory
committee shall be appointed so that each congressional district is represented by one appointed
member on the advisory committee; except, that the congressional district in which Cahawba
is situated shall be represented by eight appointed members, five of whom shall be residents
of Dallas County and three of whom shall be from some other county in the congressional district.
The membership of the advisory committee shall reflect the racial,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-252.htm - 6K - Match Info - Similar pages
11-50-316
Section 11-50-316 Execution, sale, etc., of bonds and refunding bonds of corporation; terms,
denominations, etc., thereof; charge, application, etc., of revenues from systems for payment
of bonds, etc., generally; vesting of title to systems in municipality and dissolution of
corporation upon payment of bonds in full, etc. (a) All bonds issued by any such corporation
organized or the certificate of incorporation of which is amended under this article shall
be signed by the chairman of the board of directors or other chief executive officer and attested
by its secretary, and the seal of such corporation shall be affixed thereto; provided that,
if authorized by the board of directors of such corporation, said bonds may be executed with
an engraved, imprinted, stamped, or otherwise reproduced facsimile of any signature or seal
in lieu of a manually made signature or manually made impressment of the seal; provided further,
that at least one signature required or permitted to be placed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-316.htm - 5K - Match Info - Similar pages
2-10-98
Section 2-10-98 Organization with capital stock. Incorporated associations may be organized
under this article with capital stock at the option of the organizers. In that event the association
shall be organized by the same method and for the same recording fee as in the case of those
associations organized without capital stock, except that the articles of association shall
set forth also that the association is organized with capital stock and the amount of capital
stock authorized with particulars as to the class or classes thereof and the par value of
shares. There shall be no individual liability on the part of shareholders, members, officers
or directors for the obligations of the corporation. The articles of association may provide
for preferred stock as well as common stock, but all shares shall have a definite par value,
and all shares of the same class shall have the same par value. If so divided, the articles
of incorporation must contain a statement of the number of shares...
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41-10-424
Section 41-10-424 Board of directors. (a) The authority shall be governed by a board of directors,
constituted as provided for in this section. All powers of the authority shall be exercised
by said board or pursuant to its authorization. The directors shall elect officers of the
board. The presence of a majority of the members of the board of directors, or their designees,
shall constitute a quorum for the transaction of business. No vacancy on the board of directors
or the voluntary disqualification or abstention of any director thereof shall impair the right
of a quorum of the board of directors to act. Any action which may be taken at a meeting of
the directors or committee of directors may be taken without a meeting if a consent in writing,
setting forth the action so taken, is signed by all the directors or all the members of the
committee of directors, as the case may be. Such consent shall have the same force and effect
as a unanimous vote and may be stated as such in any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-424.htm - 3K - Match Info - Similar pages
45-18-90.01
Section 45-18-90.01 Conecuh County Reservoir Management Area Authority - Creation; board of
directors. (a) The Conecuh County Reservoir Management Area Authority is created, and may
incorporate under the general laws of this state as a public corporation and political subdivision
of the State of Alabama for the purpose of developing that part of Murder Creek and its tributaries
and watershed area located in Conecuh County and the area managed by the authority for purposes
of water conservation, flood management, industrial development, recreation, irrigation, and
related purposes. (b) The authority shall be governed by a board of directors which shall
consist of one member appointed by each of the county commission members, to serve at the
pleasure of the appointing members of the county commission. A board member is not required
to be a resident of Conecuh County. The board shall elect at its first meeting of each year
a chair to preside over meetings of the board. Meetings shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-18-90.01.htm - 2K - Match Info - Similar pages
45-39-221.01
Section 45-39-221.01 Organization of tourism board. (a)(1) The governing bodies of Florence
and the county may form a tourism board as a public corporation pursuant to this part by each
adopting a resolution that does both of the following: a. Recites that the county and the
City of Florence propose to form the tourism board pursuant to this part. b. States the name
of the tourism board, which may be a name indicating in a general way the function of the
tourism board and the geographical area proposed to be served by it, and shall include the
word authority, bureau, or board, unless the Secretary of State shall determine that such
name is identical to the name of another corporation organized under the laws of the state
or so nearly similar thereto as to lead to confusion and uncertainty, in which case there
may be inserted additional identifying words so as to eliminate the duplication or similarity
or to adopt some other similar name that is available. (2) While it shall not be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39-221.01.htm - 2K - Match Info - Similar pages
10A-1-1.03
Section 10A-1-1.03 Definitions. As used in this title, unless the context otherwise requires,
the following terms mean: (1) AFFILIATE. A person who controls, is controlled by, or is under
common control with another person. An affiliate of an individual includes the spouse, or
a parent or sibling thereof, of the individual, or a child, grandchild, sibling, parent, or
spouse of any thereof, of the individual, or an individual having the same home as the individual,
or a trust or estate of which an individual specified in this sentence is a substantial beneficiary;
a trust, estate, incompetent, conservatee, protected person, or minor of which the individual
is a fiduciary; or an entity of which the individual is director, general partner, agent,
employee or the governing authority or member of the governing authority. (2) ASSOCIATE. When
used to indicate a relationship with: (A) a domestic or foreign entity for which the person
is: (i) an officer or governing person; or (ii) a beneficial...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-1.03.htm - 25K - Match Info - Similar pages
11-54-171
Section 11-54-171 Definitions. The following words and phrases used in this article shall,
in the absence of clear implication otherwise, be given the following interpretations: (1)
APPLICANT. A person who files a written application with the governing body of any municipality
in accordance with Section 11-54-173. (2) AUTHORITY. A public corporation organized pursuant
to this article. (3) AUTHORIZING MUNICIPALITY. Any municipality the governing body of which
shall have adopted an authorizing resolution. (4) AUTHORIZING RESOLUTION. A resolution adopted
by the governing body of any municipality in accordance with Section 11-54-173, that authorizes
the incorporation of an authority. (5) BOARD. The board of directors of an authority. (6)
BONDS. Includes bonds, notes, and certificates representing an obligation to pay money. (7)
COUNTY. Any county in the state. (8) DIRECTOR. A member of the board of an authority. (9)
GOVERNING BODY. With respect to a municipality, its city or town council,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-171.htm - 5K - Match Info - Similar pages
27-44-5
Section 27-44-5 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ACCOUNT. Either
of the three accounts created under Section 27-44-6. (2) ASSOCIATION. The Alabama Life and
Disability Insurance Guaranty Association created under Section 27-44-6. (3) AUTHORIZED ASSESSMENT
or the term AUTHORIZED when used in the context of assessments. A resolution by the board
of directors has been passed whereby an assessment will be called immediately or in the future
from member insurers for a specified amount. An assessment is authorized when the resolution
is passed. (4) BENEFIT PLAN. A specific employee, union, or association of natural persons
benefit plan. (5) CALLED ASSESSMENT or the term CALLED when used in the context of assessments.
A notice that has been issued by the association to member insurers requiring that an authorized
assessment be paid within the time frame set forth within...
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