|
45-8-90
as security therefor its assets, and anticipated revenues; (8) to maintain civil actions and
have civil actions maintained against it and to defend civil actions against it; (9) to adopt
and alter bylaws for the regulation and conduct of its affairs and business; (10) to acquire,
receive, and take title to, by purchase, gift, lease, devise, or otherwise, to hold, keep,
and develop and to transfer, convey, lease, assign, or otherwise dispose of property of every
kind and character, real, personal, and mixed, and any and every interest therein,
located within the area of operation of the council, to any person; (11) to make, enter into,
and execute such contracts, agreements, leases, and other legal arrangements and to take such
steps and actions as may be necessary or convenient in the furtherance of any purpose or the
exercise of any power provided or granted to it by law; (12) to borrow money for any council
purpose, function, or use and to issue in evidence of the borrowing,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8-90.htm - 12K - Match Info - Similar pages
37-11A-1
by the Governor, or upon its otherwise becoming a law, and when the State of Mississippi ratifies
the compact. Article III. For purposes of this compact, the following terms shall have the
following meanings: (1) Person means an individual, a corporation, a partnership, or any other
entity. (2) Railroad means a common carrier by railroad as defined in Section 1(3) of Part
I of the Interstate Commerce Act [codified as 49 U.S.C. §1(3)]. (3) Railroad properties and
facilities mean any real or personal property or interest in property which is owned,
leased, or otherwise controlled by a railroad or other person, including, without limitation,
the authority, and which are used or are useful in rail transportation service, including,
without limiting the generality of the foregoing: a. Track, roadbed, and related structures,
including rail, ties, ballast, other track materials, grading, tunnels, bridges, trestles,
culverts, elevated structures, stations, office buildings used for operating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
10A-3-4.01
Section 10A-3-4.01 Procedure to amend certificate of formation of a nonprofit corporation.
(a) Amendments to the certificate of formation of a nonprofit corporation shall be made in
the following manner: (1) If there are members entitled to vote thereon, the board of directors
shall adopt a resolution setting forth the proposed amendment and directing that it be submitted
to a vote at a meeting of members entitled to vote thereon, which may be either an annual
or a special meeting. Written notice setting forth the proposed amendment or a summary of
the changes to be effected thereby shall be given to each member entitled to vote at the meeting
within the time and in the manner provided in this chapter for the giving of notice of meetings
of members. The proposed amendment shall be adopted upon receiving at least two-thirds of
the votes entitled to be cast by members present or represented by proxy at the meeting. (2)
If there are no members, or no members entitled to vote thereon, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-3-4.01.htm - 1K - Match Info - Similar pages
10A-3-5.03
Section 10A-3-5.03 Approval of merger or consolidation. (a) A plan of merger or consolidation
shall be adopted in the following manner: (1) If the members of any merging or consolidating
nonprofit corporation are entitled to vote thereon, the board of directors of the nonprofit
corporation shall adopt a resolution approving the proposed plan and directing that it be
submitted to a vote at a meeting of members entitled to vote thereon, which may be either
an annual or a special meeting. Written notice setting forth the proposed plan or a summary
thereof shall be given to each member entitled to vote at the meeting within the time and
in the manner provided in this chapter for the giving of notice of meeting of members. The
proposed plan shall be adopted upon receiving at least two-thirds of the votes entitled to
be cast by members present or represented by proxy at the meeting. (2) If any merging or consolidating
nonprofit corporation has no members, or no members entitled to vote...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-3-5.03.htm - 1K - Match Info - Similar pages
10A-3-6.01
Section 10A-3-6.01 Sale, lease, exchange, or mortgage of assets. A sale, lease, exchange, mortgage,
pledge or other disposition of all, or substantially all, the property and assets of a nonprofit
corporation may be made upon the terms and conditions and for the consideration, which may
consist in whole or in part of money or property, real or personal, including shares
of any corporation for profit, domestic or foreign, as may be authorized in the following
manner: (1) If there are members entitled to vote thereon, the board of directors shall adopt
a resolution recommending the sale, lease, exchange, mortgage, pledge or other disposition
and directing that it be submitted to a vote at a meeting of members entitled to vote thereon,
which may be either an annual or a special meeting. Written notice stating that the purpose,
or one of the purposes, of the meeting is to consider the sale, lease, exchange, mortgage,
pledge, or other disposition of all, or substantially all, the property...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-3-6.01.htm - 2K - Match Info - Similar pages
10A-2-14.02
Section 10A-2-14.02 Dissolution by board of directors and shareholders. REPEALED IN THE 2019
REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE
SUPPLEMENT. (a) A corporation's board of directors may propose dissolution for submission
to the shareholders. (b) For a proposal to dissolve to be adopted: (1) The board of directors
must recommend dissolution to the shareholders unless the board of directors determines that
because of conflict of interest or other special circumstances it should make no recommendation
and communicates the basis for its determination to the shareholders; and (2) The shareholders
entitled to vote must approve the proposal to dissolve as provided in subsection (e). (c)
Subject to the corporation's articles of incorporation, the board of directors may condition
its submission of the proposal for dissolution on any basis, except that the board of directors
may not decrease the vote required for approval under subsection (e)....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-14.02.htm - 2K - Match Info - Similar pages
2-19-130
Section 2-19-130 Certification by board of cotton growers' organization authorized; requirements.
(a) The board may certify a cotton growers' organization for the purpose of entering into
agreements with the State of Alabama, other states, the federal government, and other parties
as may be necessary to carry out the purposes of this article. (b) In order to be eligible
for certification by the board, the cotton growers' organization must demonstrate to the satisfaction
of the board that: (1) It is a nonprofit organization and could qualify as a tax-exempt organization
under Section 501(a) of the Internal Revenue Code of 1954 (26 U.S.C. § 501(a)). (2) Membership
in the organization shall be open to all cotton growers in this state. (3) The organization
shall have only one class of members with each member entitled to only one vote. (c) The organization's
board of directors shall be composed as follows: (1) Two Alabama cotton growers recommended
by the Alabama Cotton Commission, to be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-19-130.htm - 2K - Match Info - Similar pages
10A-21-2.13
Section 10A-21-2.13 Operation of railroads or canals without state and making extensions within
state by railroad, mining, manufacturing, and quarrying companies. Railroads, mining, manufacturing,
and quarrying companies may purchase, lease, or acquire in any other manner, hold and operate
a railroad or railroads or canals without this state for the purpose of making extensions
or connections, and within this state may extend their roads or may construct and operate
branch roads from any point or points on their lines and may also construct and operate second
tracks, roads, or branch roads connecting any two points on their lines. The purchase must
be made by resolution of the board of directors, which must be submitted to a meeting of the
stockholders, called for the purpose of its consideration; at the meeting the resolution must
be approved by the vote of holders of the larger amount in value of the stock, and if the
resolution is so approved, a copy thereof and of the proceedings...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-21-2.13.htm - 2K - Match Info - Similar pages
41-10-265
Section 41-10-265 Members, directors and officers of authority; quorum; vacancies; no additional
salary for service to authority; effect of resolutions; record of proceedings; establishment
of legislative oversight committee. The applicants named in the application and their respective
successors in office shall constitute the members of the authority. The Governor shall be
the chairman of the authority, the Chief Justice shall be the vice chairman of the authority
and the Director of Finance shall be the secretary of the authority. The State Treasurer shall
be the treasurer of the authority but shall not be a member of the authority. The authority,
at its option, may appoint an assistant secretary who shall not be a member of the authority.
The members of the authority shall constitute all the members of the board of directors of
the authority, which shall be the governing body of the authority. The presence of any three
members of the said board of directors shall constitute a quorum...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-265.htm - 3K - Match Info - Similar pages
11-91A-5
Section 11-91A-5 Meetings; quorum; reimbursement of expenses; board as body corporate. (a)
The organizational meeting of the board shall be set no later than October 1, 2014, by the
Chief Executive Officer of the SEIB. The first order of business at the organizational meeting
shall be the election of a chair and vice chair by majority vote of the membership of the
board. The Chief Executive Officer of the SEIB shall call the meeting to order and preside
only until the chair and vice chair are elected. Thereafter, the board shall annually elect
a chair and vice chair by majority vote of the membership of the board, provided that any
chair or vice chair may be re-elected and serve successive terms as chair or vice chair. (b)
A majority of the members of the board shall constitute a quorum for the transaction of business
and each member shall be entitled to one vote on all matters. Except where otherwise provided,
a majority vote of the board members present shall be necessary for a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-91A-5.htm - 2K - Match Info - Similar pages
|