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11-22-19
Section 11-22-19 Transfer of assets from other public corporations. Any public corporation
organized pursuant to the provisions of any other law of this state may, either with or without
the payment of pecuniary consideration, transfer, assign, or convey all or any part of its
assets, including, but without limitation, land, interests in land, improvements, buildings,
structures, roads, utility facilities, cash, and any facilities which would be a part of a
project, to any corporation organized pursuant to the provisions of this chapter, and any
corporation so organized under the provisions of this chapter is authorized to assume any
obligation or indebtedness of any such other public corporation making such a conveyance,
transfer, or assignment; provided, that such indebtedness is payable solely out of the revenues
and income of a project or of the facilities and assets so transferred, assigned, or conveyed.
(Acts 1975, 3rd Ex. Sess., No. 139, §19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-22-19.htm - 1K - Match Info - Similar pages
11-20-44
Section 11-20-44 Conveyances, etc., of assets to corporations by other public corporations;
assumption of obligations or indebtedness of corporations making conveyances, etc. Any public
corporation organized pursuant to the provisions of any other law of this state may, either
with or without the payment of pecuniary consideration, transfer, assign or convey all or
any part of its assets, including, but without limitation, land, interests in land, improvements,
buildings, structures, roads, utility facilities, cash and any facilities which would be a
part of a project, to any corporation organized pursuant to the provisions of this article,
and any corporation so organized under the provisions of this article is authorized to assume
any obligation or indebtedness of any such other public corporation making such a conveyance,
transfer or assignment, provided such indebtedness is payable solely out of the revenues and
income of a project or of the facilities and assets so transferred,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-20-44.htm - 1K - Match Info - Similar pages
37-6-3
pledge, or otherwise dispose of or encumber electric transmission and distribution lines or
systems, electric generating plants, electric refrigeration plants, water lines, sanitary
sewer lines, water systems, and sanitary sewer systems, television reception equipment through
the use of television program decryption equipment and subscriber owned, leased, or rented
satellite dishes, lands, buildings, structures, dams, plants, and equipment and any and all
kinds and classes of real or personal property whatsoever, which shall be deemed necessary,
convenient or appropriate to accomplish the purpose for which the cooperative was organized
or in which it subsequently lawfully engages. Electric generating plants, transmission, and
distribution lines or systems as referred to in this section shall include any arrangement
or agreement for the purchase, exchange, or transmission of electric power, capacity or energy,
whether sole or as joint owner of all or any part in common with one...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-6-3.htm - 19K - Match Info - Similar pages
37-6-42
contrary to the provisions of Sections 37-14-1 through 37-14-17 or Sections 37-14-30 through
37-14-40. (2) To construct, purchase, take, receive, lease as lessee or otherwise acquire,
and to own, hold, use, equip, maintain, and operate, to sell, assign, transfer, convey, exchange,
lease as lessor, mortgage, pledge or otherwise dispose of or encumber telephone lines, facilities,
or systems, lands, buildings and structures, plants and equipment, and any and all kinds and
classes of real or personal property whatsoever which shall be deemed necessary, convenient,
or appropriate to accomplish the purpose for which the cooperative is organized; provided,
however, that no electric cooperative organized and no corporation converted into an electric
cooperative, under Article 1 of this chapter, shall construct, purchase, take, receive, lease
as lessee, or otherwise acquire or maintain or operate any telephone lines, facilities, plants,
or systems, other than telephone lines, facilities,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-6-42.htm - 6K - 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
11-97-8
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, alter, and repeal bylaws, regulations, and rules, not inconsistent
with the provisions of this chapter, for the regulation and conduct of its affairs and business;
(5) To acquire, whether by gift, purchase, transfer, foreclosure, lease, or otherwise, to
construct and to expand, improve, operate, maintain, equip, and furnish one or more facilities,
including all real and personal properties that its board may deem necessary in connection
therewith, regardless of whether or not any such facility shall then be in existence and,
if in existence, regardless of whether or not any such facility is then owned or leased by
any person to which such facility may subsequently be sold or leased by such corporation;
(6) To borrow money and to sell and issue bonds as hereinafter provided for any corporate
use or purpose; (7) To lease to any person or persons all or any part of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-8.htm - 11K - Match Info - Similar pages
11-101A-8
subject, however, to Chapter 93 of this title, which chapter is hereby made applicable to the
authority. (3) To adopt, alter, amend, and repeal bylaws, regulations, and rules for the regulation
and conduct of its affairs and business. (4) To adopt and make use of a corporate seal and
to alter the same at pleasure. (5) To acquire, whether by purchase, construction, exchange,
gift, lease, or otherwise and to improve, maintain, equip, and furnish one or more projects,
including all real and personal properties which the board deems necessary in connection
therewith, regardless of whether any projects are then in existence, at such place or places,
within and without the boundaries of its authorizing subdivisions, as it considers necessary
or advisable. (6) To lease or otherwise make available its projects or other of its properties
or assets, with or without charge, to the United States or to one or more of its authorizing
subdivisions, for sublease to the United States, on such terms...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-101A-8.htm - 8K - Match Info - Similar pages
11-95-17
funds, assets, etc. to corporation. The authorizing county, any municipality located, in whole
or in part, within such county, whether or not the authorizing municipality, and any public
corporation in such county and any other public agency, authority or body, whether or not
incorporated, located or having its principal office in such county are hereby authorized
to transfer and convey to the corporation, with or without consideration, any hospital facilities
and other properties, real or personal, and all funds and assets, tangible or intangible,
relative to the ownership or operation of any hospital facilities that may be owned by such
county, municipality, public corporation or public agency, authority or body, as the case
may be, or that may be jointly owned by any one or more thereof, and any funds owned or controlled
by such county, municipality, public corporation or public agency, authority or body, as the
case may be, or jointly by any one or more thereof, that may have been...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-95-17.htm - 2K - Match Info - Similar pages
39-7-13
to do all acts necessary, proper or convenient in the exercise of the powers granted under
this chapter. (b) In addition to all other powers, the authority shall have and may exercise
the power to sell, transfer and convey to any public corporation having authority to carry
on the business of a water distribution system, including those organized under Division 1,
Article 6, Chapter 50, Subtitle 2 of Title 11, its entire water system, including all of its
property and assets, real, personal and mixed, for such consideration and upon such
terms and conditions as may be agreed upon by and between the authority and such purchaser;
provided, that the consideration therefor shall include and require, among others, the assumption
by such purchaser of the outstanding and unpaid bonded indebtedness, if any, of the authority
and shall include an agreement by such purchaser to supply water to the authority's then existing
water customers under the purchaser's rules and regulations...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-7-13.htm - 3K - Match Info - Similar pages
24-1-27
in connection with a project. (10) To lease or rent any of the dwelling or other accommodations
or any of the lands, buildings, structures, or facilities embraced in any housing project
and to establish and revise the rents or charges therefor. (11) To enter upon any building
or property in order to conduct investigations or to make surveys or soundings. (12) To purchase,
lease, obtain options upon, acquire by eminent domain, gift, grant, bequest, devise, or otherwise,
any property, real or personal, or any interest therein from any person, firm, corporation,
city, or government. (13) To sell, exchange, transfer, assign, or pledge any property, real
or personal, or any interest therein to any person, firm, corporation, city, or government.
(14) To own, hold, clear, and improve property. (15) To pay over to the city in which the
authority is organized all or any part of the proceeds received from the sale of any real
or personal property; provided, however, that an authority may pay...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-27.htm - 9K - Match Info - Similar pages
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