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,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-25-250.13.htm - 2K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-140.14.htm - 2K - Match Info - Similar pages

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

45-38-141.14
Section 45-38-141.14 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 Lamar 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. 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, shall vest in the county...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-38-141.14.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

22-21-181
Section 22-21-181 Transfer of funds and assets by counties and municipalities. The county
in which the corporation is organized, any municipality located, in whole or in part, within
such county, whether or not a member of such corporation, 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 the county are hereby authorized to transfer and convey
to the corporation, with or without consideration, any hospital and other properties, real
or personal, and all funds and assets, tangible or intangible, relative to the ownership or
operation of any hospital 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-181.htm - 1K - Match Info - Similar pages

41-10-472
Section 41-10-472 Pledge and lien for benefit of bonds. In the proceedings authorizing
the issuance of any of its bonds, the authority is authorized and empowered to pledge for
the payment of the principal of and interest on such bonds at the respective maturities of
said principal and interest, and to agree to use solely for such purpose, all the revenues
which under the provisions of Section 41-10-471 are provided for the payment of the
said principal and interest, subject to prior pledges thereof as and to the extent the authority
may provide. In said proceedings the authority may further provide and create, as security
for the payment of said principal and interest, a statutory lien upon the buildings and properties,
other than the State Capitol, for the acquisition and construction or renovation of which
the bonds are issued. Such statutory lien shall not be subject to foreclosure and, in the
event of default in the payment of any such principal or interest, the remedies...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-472.htm - 2K - Match Info - Similar pages

45-49A-64.19
Section 45-49A-64.19 Dissolution of authority and vesting of property. At any time when
the authority has no bonds or other obligations 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 authorizing municipality is located, the authority shall
thereupon stand dissolved and in the event it owned any property at the time of its dissolution,
the title to all is properties shall thereupon pass to, and be divided and apportioned as
follows: Title to real estate shall vest in the county or municipality, as the case may be,
in which the real estate is located, and the title to tangible personal property (including
cash on hand and in banks), accounts receivable, choses in action, and other intangible property
(other than intangible interest in land) shall vest in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-64.19.htm - 1K - Match Info - Similar pages

11-101A-14
Section 11-101A-14 Securities payable out of revenues from projects, properties, etc.,
indenture may contain agreements; liens. (a) Securities issued by an authority shall not be
general obligations of the authority but shall be payable solely out of the revenues from
any project or other properties or assets, including, without limitation, proceeds from the
securities, investment income and insurance, and condemnation proceeds, owned by it, all as
may be provided or specified in the resolution of the board authorizing the securities or
the indenture under which issued. The principal of and interest, and premium, if any, on any
securities issued by the authority shall be secured by a pledge of the revenues out of which
the same are payable and may be secured by an indenture conveying as security for the securities
all or any part of its property, which indenture may be subject to foreclosure. (b) Any indenture
executed on behalf of the authority and any resolution of the board...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-101A-14.htm - 4K - Match Info - Similar pages

11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution,
sale, delivery, redemption, etc.; security for payment of principal or interest; remedies
upon default; liability of municipalities, board, etc., thereupon. (a) Any authority shall
have power to issue from time to time its bonds and notes in such principal amount as its
board shall determine to be necessary to provide sufficient funds for achieving any of its
corporate purposes, including the payment of interest on any of its notes and bonds, the establishment
of reserves to secure any such notes and bonds and all other expenditures of such authority
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
authority shall also have the power to issue from time to time notes to renew notes and bonds
to pay notes, including interest thereon and, whenever it deems refunding expedient, to refund
any bonds by the issuance of new bonds, whether the bonds to be refunded...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-8.htm - 12K - Match Info - Similar pages