11-86A-12
and recreation purposes to other public persons and to any organization which is described
in Section 501(c)(3) of the Internal Revenue Code of 1986, as in effect from time to time,
or as recodified, or any corresponding provision of any future revenue law. (9) To accept
gifts, grants, bequests, or devises. (10) To accept grants of money from public persons and
to enter into binding agreements with those entities, with or without consideration. (11)
To accept donations of money or real or personal or mixed property. (12) To invest
in bank deposits, U.S. Treasury obligations, instruments, real, personal, or mixed
property, and other investments as the board of directors may determine to be appropriate
and convenient to accomplish any purpose for which an authority is organized, including works
of internal improvement. (13) To appoint, contract with, and employ officers, employees, and
agents including, but not limited to, engineers, accountants, attorneys, architects, construction...

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41-10-330
Section 41-10-330 Dissolution. When all bonds and securities issued by the authority and all
obligations assumed by it under the provisions of this article shall have been paid in full,
the then president of the authority may thereupon execute and deliver in the name of, and
in behalf of, the authority an appropriate deed or deeds, to which the seal of the authority
shall be affixed and attested by the secretary of the authority, conveying all facilities,
properties and other assets then owned by the authority to the commission, or such agency
of the state as shall at the time have succeeded to the rights and duties of the commission.
The then directors of the authority may at such time file with the Secretary of State a written
statement, subscribed and sworn to by each of them, reciting the payment in full of all bonds
theretofore issued by the authority and the execution and delivery of such deed or deeds,
which statement shall be filed by the Secretary of State and recorded with...
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41-10-521
Section 41-10-521 Dissolution. When all bonds and securities issued by the authority and all
obligations assumed by it under the provisions of this article shall have been paid in full,
the then president of the authority may thereupon execute and deliver in the name of, and
in behalf of, the authority an appropriate deed or deeds, to which the seal of the authority
shall be affixed and attested by the secretary of the authority, conveying all facilities,
properties and other assets then owned by the authority to such agency of the state as shall
be designated by the Governor. The then directors of the authority may at such time file with
the Secretary of State a written statement, subscribed and sworn to by each of them, reciting
the payment in full of all bonds theretofore issued by the authority and the execution and
delivery of such deed or deeds, which statement shall be filed by the Secretary of State and
recorded with the certificate of incorporation of the authority, and...
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41-10-69
Section 41-10-69 Conveyance of lands, buildings, properties, etc., of authority to state upon
payment in full of bonds, etc.; dissolution of authority. (a) When all bonds issued by the
authority and all obligations assumed by it under the provisions of this article shall have
been paid in full, the president of the authority shall thereupon execute and deliver in the
name of and in behalf of the authority an appropriate deed or deeds, to which the seal of
the authority shall be affixed and attested by the secretary of the authority, whereby there
shall be conveyed to the state all the lands, buildings, fixtures, properties and other assets
then owned by the authority. (b) The then officers and directors of the authority shall at
such time file with the Secretary of State a written statement, subscribed and sworn to by
each of them, reciting the payment in full of all bonds theretofore issued by the authority
and the execution and delivery of such deed or deeds to the state, which...
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11-88-5
Section 11-88-5 Authorization and procedure for amendment of certificate of incorporation.
(a) The certificate of incorporation of any authority incorporated under the provisions of
this article may at any time and from time to time be amended in the manner provided in this
section. (b)(1) The board of directors of the authority shall first adopt a resolution proposing
an amendment to the certificate of incorporation which shall be set forth in full in the resolution
and which amendment may include: a. A change in the name of the authority; b. The addition
to the service area of the authority of new territory lying within the determining county;
c. Provisions for the operation of a system or facility the operation of which is not then
provided for in the certificate of incorporation of the authority and which the authority
is authorized by this article to operate; d. Any matters which might have been included in
the original certificate of incorporation; e. Provisions for the addition...
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45-41A-10.08
prosecute and defend civil actions in any court having jurisdiction of the subject matter and
of the parties. (3) To adopt and make use of a corporate seal and to alter the same at pleasure.
(4) To adopt and alter bylaws for the regulation and conduct of its affairs and business.
(5) To acquire, whether by purchase, construction, exchange, gift, lease, or otherwise and
to refinance existing indebtedness on, improve, maintain, equip, and furnish one or more projects,
including all real and personal properties which the board of the authority may deem
necessary in connection therewith, regardless of whether or not any such projects shall then
be in existence. (6) To lease to others any or all of its projects and to charge and collect
rent therefor, and to terminate any such lease upon the failure of the lessee to comply with
any of the obligations thereof. (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its...
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10A-2A-14.05
Section 10A-2A-14.05 Effect of dissolution. (a) A dissolved corporation continues its existence
as a corporation but may not carry on any business except as is appropriate to wind up and
liquidate its business and affairs, including: (1) collecting its assets; (2) disposing of
its properties that will not be distributed in kind to stockholders; (3) discharging or making
provisions for discharging its liabilities; (4) distributing its remaining property among
its stockholders according to their interests; and (5) doing every other act necessary to
wind up and liquidate its business and affairs. (b) In winding up its business and affairs,
a corporation may: (1) preserve the corporation's business and affairs and property as a going
concern for a reasonable time; (2) prosecute, defend, or settle actions or proceedings whether
civil, criminal, or administrative; (3) transfer the corporation's assets; (4) resolve disputes
by mediation or arbitration; (5) merge or convert in accordance with...
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11-54A-9
prosecute and defend civil actions in any court having jurisdiction of the subject matter and
of the parties. (3) To adopt and make use of a corporate seal and to alter the same at pleasure.
(4) To adopt and alter bylaws for the regulation and conduct of its affairs and business.
(5) To acquire, whether by purchase, construction, exchange, gift, lease, or otherwise and
to refinance existing indebtedness on, improve, maintain, equip, and furnish one or more projects,
including all real and personal properties which the board of the authority may deem
necessary in connection therewith, regardless of whether or not any such projects shall then
be in existence. (6) To lease to others any or all of its projects and to charge and collect
rent therefor, and to terminate any such lease upon the failure of the lessee to comply with
any of the obligations thereof. (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its...
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11-92C-8
in Chapter 93 of this title for the purpose of limiting the damages for which the authority
may be liable. (3) To adopt and make use of a corporate seal and to alter the seal at its
pleasure. (4) To adopt and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, whether by purchase, construction, exchange, gift, lease, or otherwise,
and to refinance existing indebtedness on, improve, maintain, equip, and furnish one or more
projects, including all real and personal properties which the board of the authority
may deem necessary in connection therewith, regardless of whether or not the projects shall
then be in existence. (6) To lease to others any or all of its projects and to share and collect
rent thereof, and to terminate any lease upon the failure of the lessee to comply with any
of the obligations thereof. (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its properties if...
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45-23A-91.08
prosecute and defend civil actions in any court having jurisdiction of the subject matter and
of the parties. (3) To adopt and make use of a corporate seal and to alter the same at pleasure.
(4) To adopt and alter bylaws for the regulation and conduct of its affairs and business.
(5) To acquire, whether by purchase, construction, exchange, gift, lease, or otherwise and
to refinance existing indebtedness on, improve, maintain, equip, and furnish one or more projects,
including all real and personal properties which the board of the authority may deem
necessary in connection therewith, regardless of whether or not any such projects shall then
be in existence. (6) To lease to others any or all of its projects and to charge and collect
rent therefor, and to terminate any such lease upon the failure of the lessee to comply with
any of the obligations thereof. (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its...
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