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11-94-9
Section 11-94-9 Powers of authority; location of projects. (a) An authority organized and existing
under this chapter shall have the following powers, together with all powers incident thereto
or necessary for the performance of those stated herein: (1) To adopt bylaws for the regulation
of its affairs and the conduct of its business; (2) To adopt an official seal and alter the
same at pleasure; (3) To maintain a principal office in the municipality which is an authorizing
subdivision and sub-offices at such other place or places within the county which is an authorizing
subdivision as its board may designate; (4) To sue and be sued in its own name, excepting
actions in tort against the authority; (5) To acquire, whether by purchase, construction,
exchange, gift, lease, or otherwise and to improve, equip, and furnish and to own and maintain
one or more projects or parts thereof, including all real and personal properties and interests
therein which its board may deem necessary in...
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24-9-10
Section 24-9-10 Incorporation of local authority. (a) If the number of tax delinquent properties
in a municipality exceeds 1,000, then the governing body of a municipality may adopt a resolution
declaring that it is wise, expedient, and necessary that a local authority be formed by the
municipality by the filing for record of a certificate of incorporation in accordance with
the provisions of subsection (c). (b) If the number of tax delinquent properties in a municipality
exceeds 1,000, then the governing body of a county may adopt a resolution declaring that it
is wise, expedient, and necessary that a local authority be formed by the county by the filing
for record of a certificate of incorporation in accordance with the provisions of subsection
(c). (c) Upon the adoption of the authorizing resolution, the municipality or county, as the
case may be, shall proceed to incorporate the local authority by filing for record in the
office of the judge of probate of the county a certificate...
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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the agency
shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in its corporate
name. b. May sue and be sued in its corporate name. c. May adopt, use and alter a corporate
seal, which shall be judicially noticed. d. May enter into such contracts and cooperative
agreements with the federal, state and local governments, with agencies of such governments,
with private individuals, corporations, associations, trusts and other organizations as the
board may deem necessary or convenient to enable it to carry out the purposes of this chapter,
including the planned, orderly residential development of the area. e. May adopt, amend and
repeal bylaws. f. May appoint such managers, officers, employees, attorneys and agents as
the board deems necessary for the transaction of its business, fix their compensation, define
their duties, require bonds of such of them as the board may...
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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...
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10A-2A-1.40
Section 10A-2A-1.40 Chapter definitions. Notwithstanding Section 10A-1-1.03, as used in this
chapter, unless otherwise specified or unless the context otherwise requires, the following
terms have the following meanings: (1) AUTHORIZED STOCK means the stock of all classes and
series a corporation or foreign corporation is authorized to issue. (2) BENEFICIAL STOCKHOLDER
means a person who owns the beneficial interest in stock, which is either a record stockholder
or a person on whose behalf shares of stock are registered in the name of an intermediary
or nominee. (3) CERTIFICATE OF INCORPORATION means the certificate of incorporation described
in Section 10A-2A-2.02, all amendments to the certificate of incorporation, and any other
documents permitted or required to be delivered for filing by a corporation with the Secretary
of State under this chapter or Chapter 1 that modify, amend, supplement, restate, or replace
the certificate of incorporation. After an amendment of the certificate...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-1.40.htm - 13K - Match Info - Similar pages
11-54-127
Section 11-54-127 Additional powers of boards. (a) In addition to all other powers conferred
on it by law, and subject to any express provisions of its certificate of incorporation to
the contrary, any industrial development board shall have all of the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To create or establish one or more endowment trust funds. (2) To receive and accept from
any private source, for the account of any endowment trust fund so created or established
by it, contributions in the form of gifts of money, stocks, bonds, and other debt securities,
other personal property, whether tangible or intangible, and real property of any description,
subject, in the case of any such contribution, to any lawful condition to the use thereof
that is specified by the donor thereof and that is not inconsistent with the provisions of
this division. (3) To deposit, or to cause to be deposited, into any...
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45-25-250.04
Section 45-25-250.04 Powers of authority. (a) The 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 specified in its
certificate of incorporation. (2) To sue and be sued in its own name in civil actions, 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 adopt and alter
bylaws for the regulation and conduct of its affairs and business. (5) To acquire, receive,
and take, by purchase, gift, lease, devise, or otherwise, and to hold property of every description,
real, personal, or mixed, whether located in one or more counties and whether located within
or outside the service area. (6) To make, enter into, and execute such contracts, agreements,
leases, and other instruments and to take such other actions...
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45-30-250.05
Section 45-30-250.05 Powers of authority. (a) The authority shall have the following corporate
powers, and all incidental or necessary powers thereto, either separately or in combination
with any other system, service, or facility referred to in this section: (1) To have succession
by its corporate name for the duration of time specified in its certificate of incorporation.
(2) To sue and be sued in its own name in civil actions, except as otherwise provided in this
act, 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 adopt and alter bylaws for the regulation and conduct
of its affairs and business. (5) To acquire, receive, or take, by purchase, gift, lease, devise,
or otherwise, and to hold property of every description, real, personal, or mixed, whether
located in one or more counties and whether located within or outside the service area. (6)
To make, enter into, and execute contracts, agreements,...
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45-37A-56.29
Section 45-37A-56.29 Powers of the authority. (a) The 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 sue and be sued in its
own name in civil suits and actions. (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, receive, take, and hold, whether by purchase, gift,
lease, devise, eminent domain, or otherwise, property of every description, whether real,
personal, or mixed, and to manage the property, and to develop any undeveloped property owned,
leased, or controlled by it, provided, however, that no such authority shall acquire or lease
real property located outside the boundaries of the city. (6) To...
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45-49A-64.07
Section 45-49A-64.07 Powers of authority. The 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 perpetual,
subject to Section 45-49A-64.19) specified in its certificate of incorporation. (2) To sue
and be sued in its own name in civil suits and actions and to defend suits against it. (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,
receive, and take, by purchase, gift, lease, devise, or otherwise, and to hold property of
every description, real, personal, or mixed, whether located in one or more counties or municipalities
and whether located within or outside the authorizing municipality. (6) To make, enter into,
and execute such contracts, agreements, leases, and other...
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