45-49-90.07
period specified in the certificate of incorporation unless sooner dissolved as provided in
this part. (2) To sue and be sued and to prosecute and defend civil actions in any court having
jurisdiction of the subject matter and of the parties. (3) To have and to use a corporate
seal and to alter the same at pleasure. (4) To acquire, whether by purchase, construction,
exchange, gift, lease or otherwise, improve, maintain, equip, and furnish one or more industrial
parks, including all real and personal properties which the board of directors of the
corporation may deem necessary in connection therewith and regardless of whether or not any
such industrial parks or any part thereof shall then be in existence. (5) To sell, exchange,
donate, and convey, to contract to sell, exchange, and convey, and to grant, with or without
additional consideration, options to acquire any or all of its properties whenever its board
of directors shall find any such action to be in furtherance of the purposes...
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11-22-8
the period specified in the certificate of incorporation unless sooner dissolved as hereinafter
provided; (2) To sue and be sued and to prosecute and defend in any court having jurisdiction
of the subject matter and of the parties; (3) To have and to use a corporate seal and to alter
the same at pleasure; (4) To acquire, whether by purchase, construction, exchange, gift, lease,
or otherwise, to improve, maintain, equip, furnish, own, and operate one or more projects,
including all real and personal properties which the board of directors of the corporation
may deem necessary in connection therewith and regardless of whether or not any such projects
or any part thereof shall then be in existence; (5) To fix, prescribe and collect rates, fees,
tolls, charges, or rentals for the use of any of its facilities and for services, facilities,
and accommodations furnished by it or any of its facilities; (6) To adopt and enforce rules
and regulations relative to the use or occupancy of any of...
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11-54B-11
Section 11-54B-11 District management corporation limits, powers, and duties. (a) District
management corporations shall be incorporated under the Alabama Nonprofit Corporation Act
(Chapter 3A of Title 10) and shall exercise their powers in a manner consistent with such
act. (b) To qualify for designation by ordinance to manage a self-help business improvement
district, the articles of incorporation of a proposed district management corporation must
provide the following: (1) That the property, business, and affairs of the corporation shall
be managed by a board of directors. (2) The names and addresses of the initial members of
the board of directors. (3) That the initial members of the board shall be divided into three
groups which are as equal in number as is possible, that such groups will serve for initial
terms of one (1), two (2) and three (3) years respectively, and that all directors thereafter
elected by the board of directors shall serve for a term of three (3) years. (4)...
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11-60-8
in the certificate of incorporation unless sooner dissolved as provided in this chapter; (2)
To sue and be sued and to prosecute and defend civil actions in any court having jurisdiction
of the subject matter and of the parties; (3) To have and to use a corporate seal and to alter
the same at pleasure; (4) To acquire, whether by purchase, construction, exchange, gift, lease,
or otherwise to improve, maintain, equip, furnish, own, and operate one or more projects,
including all real and personal properties which the board of directors of the corporation
may deem necessary in connection therewith, regardless of whether or not any such projects
or any part thereof shall then be in existence; (5) To fix, prescribe, and collect rates,
fees, tolls, charges, or rentals for the use of any of its facilities and for services, facilities,
and accommodations furnished by it or any of its facilities; (6) To adopt and enforce rules
and regulations relative to the use or occupancy of any of its...
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11-80-1
Section 11-80-1 Condemnation of lands for public building sites, roads, streets, construction
materials, etc. (a) Counties and municipal corporations may condemn lands for public building
sites or additions thereto, or for enlargements of sites already owned, or for public roads
or streets or alleys, or for material for the construction of public roads or streets or for
any other public use. (b) Notwithstanding any other provision of law, a municipality or county
may not condemn property for the purposes of private retail, office, commercial, industrial,
or residential development; primarily for enhancement of tax revenue; for transfer to a person,
nongovernmental entity, public-private partnership, corporation, or other business entity;
or for the primary purpose of acquiring a mortgage or deed of trust. Provided, however, the
provisions of this subsection shall not apply to the use of eminent domain by any municipality,
housing authority, or other public entity based upon a finding...
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37-6-21
Section 37-6-21 Sale, lease or encumbrance of property; offeror's disclosure statement; invitations
for competing or alternative proposals; exceptions; effect of violation. A cooperative may
not sell or lease all or any substantial portion of its property, unless such sale or lease
is authorized at a duly held meeting of the members thereof by the affirmative vote of not
less than two thirds of all the members of the cooperative and unless the notice of such sale
or lease shall have been contained in the notice of the meeting. A cooperative acting through
its board of trustees may mortgage, by mortgage or deed of trust, pledge or otherwise encumber,
to secure any indebtedness of the cooperative, all or any portion of its property, assets
and the revenues and income therefrom, from time to time, when authorized by the affirmative
vote of a majority of its members at a duly held meeting after proper notice thereof. The
board of trustees of a cooperative, without authorization of the...
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10A-20-5.01
having the power to appoint or elect the trustees, and if the amendment is approved by the
Governor, he or she shall endorse his or her approval upon the resolution; and (4) It must
then be filed in the Office of the Secretary of State, and when so approved and filed, it
shall become a part of the original charter of the institution. (b) The amendment of the charter
provided for in this section may include a change of name, power to confer degrees and grant
diplomas, to hold real and personal property, to borrow money, mortgage or pledge property
of the corporation, to change the number of trustees and the manner of appointing or electing
the same; but if authorized to mortgage property and stock is owned in the institution, it
must be only upon the consent of the holders of three fourths in value of the capital stock
of the corporation, which must be expressed in writing and recorded as a deed or mortgage
and executed in the form required for deeds, mortgages, or other...
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11-50-530
Section 11-50-530 Rates and charges for services rendered. The rates and charges for the services
rendered by or from any utility owned or operated by the corporation shall at all times be
reasonable for the services so rendered and as low as consistent with good service and prudent
management, but shall be sufficient to pay all expenses necessary for the operation of its
properties and the maintenance thereof in good operating condition, the payment of the principal
of and interest on all bonds issued by it and the creation and maintenance of such reserves
for improvements, new construction, depreciation, and contingencies as the board may from
time to time prescribe in the exercise of sound judgment and prudent management. In the event
the revenues of the corporation shall be in excess of those necessary for said purposes, the
corporation shall reduce its said rates and charges as the board may prescribe. All schedules
of such rates and charges shall be uniform throughout the power...
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9-8-25
duly made available to it by law, to furnish financial or other aid to any agency, governmental
or otherwise, or any owner or occupier of lands within the district in the carrying on of
erosion control and prevention operations within the district, subject to such conditions
as the supervisors may deem necessary to advance the purposes of this article. (5) To obtain
options upon and to acquire by purchase, exchange, lease, gift, grant, bequest, devise, or
otherwise, any property, real or personal, or rights or interests therein; to maintain,
administer, and improve any properties acquired, to receive income from such properties, and
to expend such income in carrying out the purposes and provisions of this article; and to
sell, lease, or otherwise dispose of any of its property or interests therein in furtherance
of the purposes and of this article. (6) To make available on such terms as it shall prescribe
to landowners within the district agricultural and engineering machinery...
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11-50-532
Section 11-50-532 Dissolution. When all obligations incurred by the corporation and all bonds
issued by it shall have been paid in full or provision for payment thereof shall have been
made by appropriate, segregation and deposit of funds sufficient for such purposes, then and
in such event the corporation may be dissolved by resolution adopted by vote of a majority
of the board, which resolution shall set out the plan of dissolution and shall designate three
directors who shall act as trustees in dissolution of the corporation. A copy of such resolution,
duly certified by the secretary of the corporation under its seal, shall be filed with the
Secretary of State, and, if it shows compliance with the foregoing requirements, it shall
be recorded by the Secretary of State with the certificate of incorporation. Upon such filing
and recording the corporation shall thereupon stand dissolved, and the trustees in dissolution
named in such resolution shall thereupon proceed to wind up the...
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