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37-13-1
Section 37-13-1 Definitions. When used in this chapter, unless the context plainly indicates
otherwise, the present tense shall include the future tense, the singular shall include the
plural, the plural shall include the singular and the following words and phrases shall have
the meanings respectively ascribed to them by this section. (1) ADDITIONAL RAIL SERVICE AREA.
Any territory that is outside the boundaries or corporate limits, as the case may be, of any
of its authorizing subdivisions and that the governing body of the county, and of any city
or town, in which such territory is located has by resolution designated as an area in which
the authority may render rail transportation service. (2) AUTHORITY. Any public corporation
organized pursuant to this chapter or any law amendatory thereof or supplemental thereto.
(3) AUTHORIZING SUBDIVISION. Any county, city, or town in this state in which there are located
railroad properties and facilities and whose governing body receives an...
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10A-2-2.02
Section 10A-2-2.02 Supplemental provisions required or permitted in articles of incorporation.
REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT
IN THE CURRENT CODE SUPPLEMENT. (a) In addition to the information required to be set forth
in a certificate of formation by Section 10A-1-3.05, articles of incorporation of a corporation
formed under this chapter must set forth: (1) The number of shares the corporation is authorized
to issue; (2) The names and addresses of the individuals who are to serve as the initial directors;
and (3) The purpose or purposes for which the corporation is organized, which may be stated
to be or to include the transaction of any lawful business for which corporations may be incorporated
under this chapter. (b) The articles of incorporation may set forth: (1) Provisions not inconsistent
with law regarding: (i) Reservation to the shareholders of the right to adopt the initial
bylaws of the corporation; (ii) Managing the...
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11-54-171
Section 11-54-171 Definitions. The following words and phrases used in this article shall,
in the absence of clear implication otherwise, be given the following interpretations: (1)
APPLICANT. A person who files a written application with the governing body of any municipality
in accordance with Section 11-54-173. (2) AUTHORITY. A public corporation organized pursuant
to this article. (3) AUTHORIZING MUNICIPALITY. Any municipality the governing body of which
shall have adopted an authorizing resolution. (4) AUTHORIZING RESOLUTION. A resolution adopted
by the governing body of any municipality in accordance with Section 11-54-173, that authorizes
the incorporation of an authority. (5) BOARD. The board of directors of an authority. (6)
BONDS. Includes bonds, notes, and certificates representing an obligation to pay money. (7)
COUNTY. Any county in the state. (8) DIRECTOR. A member of the board of an authority. (9)
GOVERNING BODY. With respect to a municipality, its city or town council,...
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5-5A-28
Section 5-5A-28 Pledge of assets. No bank may pledge assets as security for deposits, except
any bank is authorized to pledge acceptable assets as security for deposits of trust funds
deposited by its trust department and of public funds, heretofore or hereafter deposited,
by the United States or any agency or governmental instrumentality of the United States or
by a state or any political subdivision of a state or any agency or other governmental instrumentality
of such subdivision, including any county, municipal corporation, county, city, or other public
board of education, including any custodian or treasurer of county, city, or other public
school funds, any improvement authority heretofore or hereafter incorporated or any public
corporation, including each board, authority, or district heretofore or hereafter organized
or created in a state pursuant to authorization or determination by any municipality or municipalities
or by any county or counties or the governing body of any...
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10A-1-1.03
Section 10A-1-1.03 Definitions. As used in this title, unless the context otherwise requires,
the following terms mean: (1) AFFILIATE. A person who controls, is controlled by, or is under
common control with another person. An affiliate of an individual includes the spouse, or
a parent or sibling thereof, of the individual, or a child, grandchild, sibling, parent, or
spouse of any thereof, of the individual, or an individual having the same home as the individual,
or a trust or estate of which an individual specified in this sentence is a substantial beneficiary;
a trust, estate, incompetent, conservatee, protected person, or minor of which the individual
is a fiduciary; or an entity of which the individual is director, general partner, agent,
employee or the governing authority or member of the governing authority. (2) ASSOCIATE. When
used to indicate a relationship with: (A) a domestic or foreign entity for which the person
is: (i) an officer or governing person; or (ii) a beneficial...
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11-89A-13
Section 11-89A-13 Freedom of authority from supervision and control of state; applicability
of Article 1 of Chapter 27 of Title 22. (a) This chapter is intended to aid the state through
the furtherance of the purposes of the chapter by providing appropriate and independent instrumentalities
with full and adequate powers to fulfill their functions. Except as expressly provided in
this chapter, no proceeding, notice, or approval shall be required for the incorporation of
any authority or the amendment of its certificate of incorporation, the purchase of any note
or other instrument secured by a mortgage, deed of trust, note, or other security interest,
the issuance of any bonds, the execution of any mortgage and deed of trust or trust indenture,
or the exercise of any other of its powers by an authority. Neither a public hearing nor the
consent of the State Department of Finance or any other department, agency, bureau, board,
or corporation of the state shall be prerequisite to the...
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41-10-81
Section 41-10-81 Definitions. When used in this article, the following terms shall have the
following meanings, respectively, unless the context clearly indicates otherwise: (1) CORPORATION.
A corporation organized pursuant to the provisions of this article. (2) BOARD. The board of
directors of the corporation. (3) STATE. The State of Alabama. (4) COUNTY. That county in
the state which authorized the organization of the corporation. (5) MUNICIPALITY. The incorporated
cities or towns located in the county which authorized the organization of the corporation.
(6) PUBLIC CORPORATION. Any public corporation now or hereafter organized or created in the
state pursuant to the authorization or determination by the municipality or by the municipality
and any one or more other cities and towns in the state or by the county or by the county
and any one or more counties in the state. (7) STATE AGENCY. Any public corporation now or
hereafter organized or created in the state pursuant to the...
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45-30-250
Section 45-30-250 Definitions. When used in this article, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) AUTHORITY. The Franklin County Water Service Authority, a public corporation organized
pursuant to this article. (2) BOARD. The Board of Directors of the Franklin County Water Service
Authority. (3) BONDS. Bonds, notes, and certificates representing an obligation to pay money.
(4) CONCISE LEGAL DESCRIPTION. A reasonably concise description of a particular geographic
area by metes and bounds, reference to government surveys, recorded maps or plats, municipal,
county, or state boundary lines, well-defined landmarks, other monuments, or any combination
of the foregoing. (5) COUNTY. Franklin County. (6) DIRECTOR. A member of the Board of Directors
of the Franklin County Water Service Authority. (7) INCORPORATORS. The persons forming a public
corporation organized pursuant to this article. (8)...
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10A-3-2.11
Section 10A-3-2.11 Quorum of directors. (a) A majority of the number of directors fixed by
the bylaws, or in the absence of a bylaw fixing the number of directors, then of the number
stated in the certificate of formation, shall constitute a quorum for the transaction of business,
unless otherwise provided in the governing documents of the nonprofit corporation; but in
no event shall a quorum consist of less than one-third of the number of directors so fixed
or stated. The act of the majority of the directors present at a meeting at which a quorum
is present shall be the act of the board of directors, unless the act of a greater number
is required by this title or this chapter or by the nonprofit corporation's governing documents.
(b) If a quorum is present when the meeting is convened, the directors present may continue
to do business, taking action by a vote of a majority of a quorum as fixed above, until adjournment,
notwithstanding the withdrawal of enough directors to leave less...
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11-58-13
Section 11-58-13 Authority and procedure for dissolution of corporations; vesting of title
to funds and properties thereof in municipalities or counties upon dissolution; effect of
dissolution of corporation upon other such corporations. (a) Whenever the principal of and
interest on all bonds of a corporation payable from the revenues derived from the operation
of one or more medical clinics owned by the corporation have been paid in full, its board
of directors of the corporation may, by resolution, determine that the purposes for which
the corporation was formed have been substantially complied with, and 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 those facts and declaring the corporation
to be dissolved. The certificate of dissolution shall be executed under the corporate seal
of the corporation. (b) Upon the filing of the certificate of dissolution, the...
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