Code of Alabama

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11-101A-24
Section 11-101A-24 Dissolution. At any time when the authority does not have any securities
outstanding, and when there shall be no other obligations assumed by the authority that are
then outstanding, the board may adopt a resolution, which shall be duly entered upon its minutes,
declaring that the authority shall be dissolved. Upon the filing for record of a certified
copy of the resolution in the office of the judge of probate of the county in which the certificate
of incorporation of the authority was filed, the authority shall thereupon stand dissolved.
In the event that the authority owned any assets or property at the time of its dissolution,
the title to all its assets and property shall, subject to any constitutional provision to
the contrary, vest in one or more counties or municipalities in such manner and interests
as may be provided in the certificate of incorporation. If the certificate of incorporation
contains no provision respecting the vesting of title to the assets...
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22-21-339
Section 22-21-339 Dissolution of authority. At any time when the authority does not
have any securities outstanding, and when there shall be no other obligations assumed by the
authority that are then outstanding, the board may adopt a resolution, which shall be duly
entered upon its minutes, declaring that the authority shall be dissolved. Upon the filing
for record of a certified copy of said resolution in the office of the judge of probate in
which the certificate of incorporation of the authority was filed, the authority shall thereupon
stand dissolved, and in the event that it owned any assets or property at the time of its
dissolution, the title to all its assets and property shall, subject to any constitutional
provision or inhibition to the contrary, thereupon vest in one or more counties, municipalities,
or educational institutions in such manner and interests as may be provided in the said certificate
of incorporation; provided however, that if the said certificate of...
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11-47-219
Section 11-47-219 Authority and procedure for dissolution of authorities; vesting of
title, etc., to properties thereof upon dissolution. At any time when an authority has no
bonds or other obligations outstanding, its board may adopt a resolution, which shall be duly
entered upon its minutes, declaring that the authority shall be dissolved. Upon filing for
record of a certified copy of the resolution in the office of the judge of probate with which
the authority's certificate of incorporation is filed, the authority shall thereupon stand
dissolved and in the event it owned any property at the time of its dissolution, the title
to all its properties shall, subject to any constitutional provision or inhibitions to the
contrary, thereupon vest in one or more counties or municipalities in the manner and interests
as may be provided in the certificate of incorporation. Notwithstanding the foregoing, if
the certificate of incorporation contains no provision respecting the vesting of title...

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11-89A-21
Section 11-89A-21 Dissolution of authority; vesting of title to authority's property.
At any time when an authority has no bonds or other obligations outstanding, its board may
adopt a resolution, which shall be duly entered upon its minutes, declaring that the authority
shall be dissolved. Upon filing for record of a certified copy of the said resolution in the
office of the judge of probate with which the authority's certificate of incorporation is
filed, the authority shall thereupon stand dissolved and in the event it owned any property
at the time of its dissolution, the title to all its properties shall, subject to any constitutional
prohibition or inhibitions to the contrary, thereupon vest in one or more counties or municipalities
in such manner and interests as may be provided in the said certificate of incorporation;
provided, however, that if said certificate of incorporation contains no provision respecting
the vesting of title to the properties of the authority, title to...
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11-62-17
Section 11-62-17 Authority and procedure for dissolution of authority; vesting of title
to assets and properties of authority upon dissolution of authority; effect of dissolution
of authority upon formation of other such authorities. (a) At any time when any authority
does not have any bonds, notes, or other obligations outstanding and when there shall be no
other obligations assumed by such authority that are then outstanding, the board of such authority
may adopt a resolution, which shall be duly entered upon its minutes, declaring that the authority
shall be dissolved. (b) Upon the filing for record of a certified copy of said resolution
in the office of the judge of probate in which the authority's certificate of incorporation
was filed, the authority shall thereupon stand dissolved and, in the event it owned any assets
or property at the time of its dissolution, the title to all such assets or property shall
thereupon vest in the determining municipality. (c) The formation or...
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11-88-18
Section 11-88-18 Authorization and procedure for dissolution of authority; vesting of
title to properties of authority and apportionment thereof upon dissolution of authority.
At any time when no bonds theretofore issued by the authority or obligations theretofore assumed
by the authority are outstanding, the board may adopt a resolution, which shall be duly entered
upon its minutes, declaring that the authority shall be dissolved. Upon the filing for record
of a certified copy of the said resolution in the office of the judge of probate of the determining
county, the authority shall thereupon stand dissolved and, in the event it owned any property
at the time of its dissolution, the title to all its properties shall thereupon pass to and
be divided and apportioned among the determining county and any other county or counties in
which any part of the service area may be located, all in such manner and to such extent as
may be provided in the authority's certificate of incorporation, as...
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45-25-250.13
Section 45-25-250.13 Dissolution of authority. At any time when no bonds or obligations
theretofore assumed by the authority are outstanding, the board may adopt a resolution, which
shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon
the filing for record of a certified copy of the resolution in the office of the judge of
probate of the county, the authority shall thereupon stand dissolved and, in the event it
owned any property at the time of its dissolution, the title to all its properties shall thereupon
pass to and be divided and apportioned among DeKalb County and any other county or counties
in which any part of the service area may be located, all in such manner and to such extent
as may be provided in the authority's certificate of incorporation, as amended; provided,
however, that in the absence of a contrary provision in the certificate of incorporation,
as amended, title to real estate and tangible personal property, other than cash,...
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45-29-140.14
Section 45-29-140.14 Dissolution of authority. At any time when no bonds or obligations
theretofore assumed by the authority are outstanding, the board may adopt a resolution, which
shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon
the filing for record of a certified copy of the resolution in the office of the judge of
probate of the county, the authority shall thereupon stand dissolved and, in the event it
owned any property at the time of its dissolution, the title to all its properties shall thereupon
pass to and be divided and apportioned among Fayette County and any other county or counties
in which any part of the service area may be located, all in such manner and to such extent
as may be provided in the authority's certificate of incorporation, as amended; provided,
however, that in the absence of a contrary provision in the certificate of incorporation,
as amended, title to real estate and tangible personal property, other than...
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45-36-252.13
Section 45-36-252.13 Dissolution of authority. At any time when no bonds or obligations
theretofore assumed by the authority are outstanding, the board may adopt a resolution, which
shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon
the filing for record of a certified copy of the resolution in the office of the judge of
probate of the county, the authority shall thereupon stand dissolved and, in the event it
owned any property at the time of its dissolution, the title to all its properties shall thereupon
pass to and be divided and apportioned among Jackson County and any other county or counties
in which any part of the service area may be located, all in such manner and to such extent
as may be provided in the authority's certificate of incorporation, as amended; provided,
however, that in the absence of a contrary provision in the certificate of incorporation,
as amended, title to real estate and tangible personal property, other than...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.13.htm - 2K - Match Info - Similar pages

45-47-250.14
Section 45-47-250.14 Dissolution of authority. At any time when no bonds or obligations
theretofore assumed by the authority are outstanding, the board may adopt a resolution, which
shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon
the filing for record of a certified copy of the resolution in the office of the judge of
probate of the county, the authority shall thereupon stand dissolved and, in the event the
authority owned any property at the time of its dissolution, the title to all its properties
shall thereupon pass to and be divided and apportioned among Marion County and any other county
or counties in which any part of the service area may be located, all in such manner and to
such extent as may be provided in the authority's certificate of incorporation, as amended;
provided, however, that in the absence of a contrary provision in the certificate of incorporation,
as amended, title to real estate and tangible personal property, other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-47-250.14.htm - 2K - Match Info - Similar pages

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