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41-10-141
Section 41-10-141 Powers and duties of authority generally. An authority shall have
the following powers, together with all powers incidental thereto or necessary to the discharge
thereof in corporate form: (1) To have succession by its corporate name for the duration of
time (which may be in perpetuity) specified in its certificate of incorporation; (2) To maintain
civil actions and have civil actions maintained against it in its corporate name, except as
otherwise provided in this article, and to defend civil actions against it; (3) To adopt and
make use of a corporate seal and to alter the same at pleasure; (4) To amend its certificate
of incorporation by filing in the office of the Secretary of State a certificate signed by
all of the directors of the authority setting forth the details of the amendment, such certificate
to be acknowledged in the same manner as the certificate of incorporation; (5) To adopt and
alter bylaws for the regulation and conduct of its affairs and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-141.htm - 5K - Match Info - Similar pages
41-10-725
Section 41-10-725 Alabama Construction Recruitment Institute - Powers. The institute
shall have the following powers: (1) To design, implement, and amend a program or programs
to provide for the recruitment of, and the promotion of training programs and opportunities
for, new craft trade workers for the construction industry and the users of the construction
industry. (2) To educate the public about career opportunities as craft trade workers in the
construction industry. (3) To acquire, receive, and take title to, by purchase, gift, lease,
license, devise, or otherwise, to hold, keep, improve, maintain, equip, furnish, develop,
and to transfer, convey, donate, sell, lease, license, grant options to, assign, or otherwise
dispose of property of every kind and character, real, personal, mixed, tangible and intangible,
and any and every interest therein, to any person or entity. (4) To accept gifts, grants,
bequests, or devises of money and tangible and intangible property. (5) To make...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-725.htm - 5K - Match Info - Similar pages
45-37A-54.67
Section 45-37A-54.67 Borrowing; revenue bonds. The authority shall have the power to
borrow money and to issue revenue bonds as evidence of any money so borrowed, which bonds
shall be payable solely from the revenues derived from the fairs, exhibitions, amusements,
and other activities and enterprises in which the authority is hereby authorized to engage.
As security for any money so borrowed, together with interest thereon and any obligations
incurred or assumed, the authority may mortgage, pledge, or otherwise transfer and convey
its real, personal, and mixed property, or any part or parts thereof, whether then owned or
thereafter acquired, including any franchises then owned or thereafter acquired, and all or
any part of the revenues derived from the fairs, exhibitions, amusements, and other activities
and enterprises in which the authority is hereby authorized to engage. The instrument whereunder
such mortgage or pledge shall be made may contain such agreements as the authority...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-54.67.htm - 3K - Match Info - Similar pages
45-49A-10.05
Section 45-49A-10.05 Power to borrow money and issue revenue bonds. (a) The corporation
shall have the power to borrow money and to issue revenue bonds as evidence of any money borrowed,
which bonds shall be payable solely from the revenues derived from the activities and enterprises
in which the corporation is hereby authorized to engage. As security for any money so borrowed,
together with interest thereon, and any obligations incurred or assumed, the corporation in
its discretion may mortgage, pledge, or otherwise transfer and convey its real, personal,
and mixed property, or any part or parts thereof, whether then owned or thereafter acquired,
including any franchises then owned or thereafter acquired, and all or any part of the revenues
derived from the activities or enterprises in which the corporation is hereby authorized to
engage. (b) When the corporation deems it advisable, convenient, necessary, or expedient to
issue such bonds, it shall so resolve and all the provisions of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-10.05.htm - 4K - Match Info - Similar pages
10A-8A-8.06
Section 10A-8A-8.06 Known claims against dissolved partnership. Notwithstanding Sections
10A-1-9.01 and 10A-1-9.21: (a) A dissolved partnership may dispose of any known claims against
it by following the procedures described in subsection (b) at any time after the effective
date of the dissolution of the partnership. (b) A dissolved partnership may give notice of
the dissolution in writing to the holder of any known claim. The notice must: (1) identify
the dissolved partnership; (2) describe the information required to be included in a claim;
(3) provide a mailing address to which the claim is to be sent; (4) state the deadline, which
may not be fewer than 120 days from the effective date of the notice, by which the dissolved
partnership must receive the claim; (5) state that if not sooner barred, the claim will be
barred if not received by the deadline; and (6) unless the partnership has been throughout
its existence a limited liability partnership, state that the barring of a claim...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-8.06.htm - 2K - Match Info - Similar pages
11-50-171
Section 11-50-171 Publication of notice of adoption of resolution authorizing transfer,
certain terms thereof, etc.; limitation period for action to restrain proposed transfer, etc.
(a) After the adoption of proceedings providing for the transfer and conveyance of any water
system or systems, the public corporation and municipality or municipalities proposing to
make such transfer and conveyance shall cause to be published once a week for two successive
weeks in a newspaper having general circulation within the limits of such municipality or
municipalities a notice in substantially the following form (the blanks being first properly
filled in) with the names of the public corporation and the municipality or municipalities
appended thereto: "A resolution has been adopted by the board of directors of the _____
(herein insert the name of the public corporation proposing to make the transfer) and a resolution
(or resolutions) has (or have) been adopted by the governing body (or bodies) of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-171.htm - 4K - Match Info - Similar pages
22-21-260
Section 22-21-260 Definitions. As used in this article, the following words and terms,
and the plurals thereof, shall have the meanings ascribed to them in this section,
unless otherwise required by their respective context: (1) ACQUISITION. Obtaining the legal
equitable title to a freehold or leasehold estate or otherwise obtaining the substantial benefit
of such titles or estates, whether by purchase, lease, loan or suffrage, gift, devise, legacy,
settlement of a trust or means whatever, and shall include any act of acquisition. The term
"acquisition" shall not mean or include any conveyance, or creation of any lien
or security interest by mortgage, deed of trust, security agreement, or similar financing
instrument, nor shall it mean or include any transfer of title or rights as a result of the
foreclosure, or conveyance or transfer in lieu of the foreclosure, of any such mortgage, deed
of trust, security agreement, or similar financing instrument, nor shall it mean or include
any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-260.htm - 11K - Match Info - Similar pages
7-9A-203
Section 7-9A-203 Attachment and enforceability of security interest; proceeds; supporting
obligations; formal requisites. (a) Attachment. A security interest attaches to collateral
when it becomes enforceable against the debtor with respect to the collateral, unless an agreement
expressly postpones the time of attachment. (b) Enforceability. Except as otherwise provided
in subsections (c) through (i), a security interest is enforceable against the debtor and
third parties with respect to the collateral only if: (1) value has been given; (2) the debtor
has rights in the collateral or the power to transfer rights in the collateral to a secured
party; and (3) one of the following conditions is met: (A) the debtor has authenticated a
security agreement that provides a description of the collateral and, if the security interest
covers timber to be cut, a description of the land concerned; (B) the collateral is not a
certificated security and is in the possession of the secured party under...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-203.htm - 4K - Match Info - Similar pages
10A-8A-8.07
Section 10A-8A-8.07 Other claims against dissolved partnership. Notwithstanding Sections
10A-1-9.01 and 10A-1-9.22: (a) A dissolved partnership may publish notice of its dissolution
and request that persons with claims against the dissolved partnership present them in accordance
with the notice. (b) The notice authorized by subsection (a) must: (1) be published at least
one time in a newspaper of general circulation in the county in which the dissolved partnership's
principal office in this state is located, and if none, was last located; (2) describe the
information that must be included in a claim and provide a mailing address to which the claim
is to be sent; (3) state that if not sooner barred, a claim against the dissolved partnership
will be barred unless a proceeding to enforce the claim is commenced within two years after
the publication of the notice; and (4) unless the partnership has been throughout its existence
a limited liability partnership, state that the barring of a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-8.07.htm - 5K - Match Info - Similar pages
10A-9A-8.06
Section 10A-9A-8.06 Known claims against dissolved limited partnership. Notwithstanding
Sections 10A-1-9.01 and 10A-1-9.21: (a) A dissolved limited partnership may dispose of any
known claims against it by following the procedures described in subsection (b) at any time
after the effective date of the dissolution of the limited partnership. (b) A dissolved limited
partnership may give notice of the dissolution in a record to the holder of any known claim.
The notice must: (1) identify the dissolved limited partnership; (2) describe the information
required to be included in a claim; (3) provide a mailing address to which the claim is to
be sent; (4) state the deadline, which may not be fewer than 120 days from the effective date
of the notice, by which the dissolved partnership must receive the claim; (5) state that if
not sooner barred, the claim will be barred if not received by the deadline; and (6) unless
the limited partnership has been throughout its existence a limited liability...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-9A-8.06.htm - 2K - Match Info - Similar pages
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