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11-22-16
Section 11-22-16 Dissolution. Whenever the board of directors of the corporation shall by resolution
determine that the purposes for which the corporation was formed have been substantially complied
with and all bonds theretofore issued and all obligations theretofore incurred by the corporation
have been fully paid, the then members of the board of directors of the corporation shall
thereupon execute and file for record in the office of the judge of probate of the county
in which the corporation is organized a certificate of dissolution reciting such facts and
declaring the corporation to be dissolved. Such certificate of dissolution shall be executed
under the corporate seal of the corporation. Upon the filing of such certificate of dissolution,
the corporation shall stand dissolved, the title to all funds and properties owned by it at
the time of such dissolution shall vest in the county, and possession of such funds and properties
shall forthwith be delivered to such county. (Acts...
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16-17A-23
Section 16-17A-23 Dissolution of authority. (a) At any time when an authority does not have
any indebtedness or other contractual or legal obligations outstanding, an authority may be
dissolved by filing articles of dissolution with the Secretary of State, but only with the
approval of both the board of the authority and the sponsoring university in the manner provided
in this section. (b) In order to dissolve an authority, the following steps shall be completed:
(1) The board shall first adopt a resolution proposing dissolution of the authority. (2) After
the adoption by the board of a resolution approving articles of dissolution, the authority
shall file with the sponsoring university a written request to the sponsoring university for
adoption of a resolution approving dissolution of the authority. (3) As promptly as may be
practicable after the receipt of the application from the authority, the sponsoring university
shall review the application, and its governing body shall adopt a...
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4-3-61
Section 4-3-61 Procedure for dissolution. At any time when no bonds of the authority are outstanding,
the authority may be dissolved upon the filing with the judge of probate in the county in
which is filed the certificate of incorporation of an application for dissolution, which shall
be subscribed by each of the members of the authority and sworn to by each member before an
officer authorized to take acknowledgments to deeds and shall have appended thereto a certified
copy of a resolution of the authorizing subdivision or authorizing subdivisions consenting
to such dissolution. Upon the filing of such application for dissolution, the authority shall
cease to exist. Said probate judge shall receive and record the application for dissolution
in an appropriate book of record in his office. Upon dissolution, all rights, title and interests
of the authority in property shall be vested in the authorizing subdivisions pursuant to the
provisions of the certificate of incorporation or, in the...
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45-49-90.12
Section 45-49-90.12 Dissolution of corporation. (a) Whenever the board of directors of the
corporation shall by resolution determine that the purposes for which the corporation was
formed have been substantially complied with and all bonds theretofore issued and all obligations
theretofore incurred by the corporation have been fully paid, the then members of the board
of directors of the corporation shall thereupon execute and file for record in the office
of the Judge of Probate of Mobile County a certificate of dissolution reciting such facts
and declaring the corporation to be dissolved. Such certificate of dissolution shall be executed
under the corporate seal of the corporation. (b) Upon the filing of such certificate of dissolution,
the corporation shall stand dissolved, the title to all funds and properties owned by it at
the time of such dissolution shall be disposed of or distributed in accordance with the articles
of incorporation. (Act 88-626, p. 976, ยง 13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49-90.12.htm - 1K - Match Info - Similar pages
11-95-17
Section 11-95-17 Transfer of 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...
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22-21-311
Section 22-21-311 Definitions. (a) The following words and phrases used in this article, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of a county, municipality,
or educational institution, or two or more thereof, in accordance with the provisions of Section
22-21-313. (2) AUTHORITY. A public corporation organized, and any public hospital corporation
reincorporated, pursuant to the provisions hereof. (3) AUTHORIZING RESOLUTION. The resolution
adopted by the governing body of an authorizing subdivision, in accordance with the provisions
of Section 22-21-313 or Section 22-21-341, that authorizes the incorporation of an authority
or the reincorporation of a public hospital corporation. (4) AUTHORIZING SUBDIVISION. Each
county, municipality, and educational institution with...
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11-47-215
Section 11-47-215 Certificate of incorporation of authorities - Contents. The certificate of
incorporation of the authority shall state: (1) The names of the persons forming the authority,
together with the residence of each person, and that each of them is a duly qualified elector
of at least one of the subdivisions. (2) The name of the authority, which may be a name indicating
in a general way the area proposed to be served by the authority and shall include the words
"Public Park Authority" (e.g., "The _____ Public Park Authority," or "The
Public Park Authority of _____," the blank spaces to be filled in with the name of one
or more of the authorizing subdivisions or other geographically descriptive word or words,
the descriptive word or words shall not, however, preclude the authority from locating facilities
or otherwise exercising its powers in other geographical areas), unless the Secretary of State
shall determine that the name is identical to the name of any other corporation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-215.htm - 3K - Match Info - Similar pages
11-101A-4
Section 11-101A-4 Incorporation of authority. (a) Within 60 days following the adoption of
the authorizing resolution, or, if there is more than one, the last adopted thereof, the applicants
shall proceed to incorporate an authority by filing for record, in the office of the judge
of probate of the county in which the principal office of the authority is to be located,
a certificate of incorporation complying in form and substance with this action, being in
the form and executed in the manner herein provided and being in the form approved by the
governing body of each authorizing subdivision. (b) In addition to any other provisions required
by this chapter to be included therein, the certificate of incorporation of an authority shall
state: (1) The names of the incorporators, together with the address of the residence of each
thereof, and that each of them is a duly qualified elector of the authorizing subdivision,
or, if there is more than one, at least one thereof. (2) The name of...
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11-50A-27
Section 11-50A-27 Dissolution of authority. When all bonds, bond anticipation notes and notes
issued by the authority under the provisions of this chapter shall have been paid in full
or otherwise satisfied, or when its obligations cease under every contract described in this
chapter, whichever is later, the then chairman of the authority may, upon authorization of
two-thirds of the membership of the board, thereupon execute and deliver in the name of and
in behalf of the authority an appropriate deed, or deeds, or other appropriate instruments
of conveyance, to which the seal of the authority shall be affixed and attested by the secretary-treasurer
of the authority, whereby there shall be conveyed to the municipalities at that time represented
on the election committee, in the proportion that each municipality's then existing voting
power on the election committee bears to the total then existing voting power of all municipalities
represented on the election committee, all the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-27.htm - 2K - Match Info - Similar pages
45-37-90.06
Section 45-37-90.06 Civic Center Authority - Revenue bonds. (a) Subject to the conditions,
qualifications, and restrictions set forth in subsection (e), the authority shall have the
power to borrow money and to issue revenue bonds as evidence of money so borrowed, which bonds
shall be payable solely from taxes made payable to the authority by any act of the Legislature
heretofore or hereafter adopted and from the revenues of the authority derived from the activities,
operations, 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, in its discretion, 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 taxes payable to the authority under any act...
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