45-47-250.05
Section 45-47-250.05 Powers of authority. (a) The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time specified in its
certificate of incorporation. (2) To sue and be sued in its own name in civil actions, except
as otherwise provided in this article, and to defend civil actions against it. (3) To adopt
and make use of a corporate seal and to alter the same at pleasure. (4) To adopt and alter
bylaws for the regulation and conduct of its affairs and business. (5) To acquire, receive,
and take, by purchase, gift, lease, devise, or otherwise, and to hold property of every description,
real, personal, or mixed, whether located in one or more counties and whether located within
or outside the service area. (6) To make, enter into, and execute such contracts, agreements,
leases, and other instruments and to take such other actions...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-47-250.05.htm - 8K - Match Info - Similar pages

41-10-32
Section 41-10-32 Dissolution of authority; title to property of authority to vest in state
upon dissolution of authority. At any time when no bonds of the authority are outstanding,
the authority may be dissolved upon the filing with the Secretary of State of an application
for dissolution, which shall be subscribed by each of the members of the authority and sworn
to by each such member before an officer authorized to take acknowledgments to deeds. Upon
the filing of such application for dissolution, the authority shall cease to exist. The Secretary
of State shall file and record the application for dissolution in an appropriate book of record
in his office and shall make and issue, under the Great Seal of the State, a certificate that
the authority is dissolved and shall record such certificate with the application for dissolution.
Title to all property held in the name of the authority shall be vested in the state upon
dissolution of the authority. (Acts 1965, No. 662, p. 1187,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-32.htm - 1K - Match Info - Similar pages

11-86A-21
Section 11-86A-21 Dissolution of authority; title to property of authority to vest in county
of incorporation upon dissolution of authority unless otherwise provided. (a) At any time
when no bonds of an authority are outstanding, the authority may be dissolved by the adoption
of a resolution by the board of directors recommending dissolution and by the approval of
the dissolution by the governing body of the county of incorporation and each participating
municipality and the adoption of a resolution to the effect that the county and each participating
municipality concur. The resolution need not be published or posted and need not be offered
for more than one reading. Upon the dissolution the chair and secretary of the dissolved authority
shall execute articles of dissolution reciting that the resolutions have been adopted and
that the authority has been dissolved. The articles of dissolution shall be filed with the
probate judge, who shall record the dissolution. (b) Upon dissolution...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-86A-21.htm - 1K - Match Info - Similar pages

11-59-14
Section 11-59-14 Authority and procedure for dissolution of corporations; vesting of title
to facilities thereof in municipalities upon dissolution. When the principal of and interest
on all bonds issued by the corporation shall have been paid, the title to all facilities then
owned by the corporation shall thereupon vest in the municipality with respect to which the
corporation shall have been organized, and all rights and powers of the corporation with respect
to said facilities shall thereupon terminate and the corporation shall thereupon stand dissolved.
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 certificate
of incorporation of the corporation was filed an appropriate certificate reciting the payment
of the principal of and interest on the bonds of the corporation, which certificate shall
also describe the facilities owned by the corporation at the time of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-59-14.htm - 2K - Match Info - Similar pages

11-92C-20
Section 11-92C-20 Dissolution of authority and vesting of title to property. At any time when
an authority has no bonds or other obligations outstanding, its board may adopt a resolution,
which shall be duly entered upon its minutes, declaring that the authority shall be dissolved.
Upon filing for record of a certified copy of the resolution in the office of the judge of
probate of the county in which the authority was formed pursuant to Section 11-92C-4, the
authority shall 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 the authorizing subdivision
or private user as required by any agreement with any private user. (Act 2020-72, §20.)...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-20.htm - 1K - Match Info - Similar pages

24-1A-17
Section 24-1A-17 Dissolution of authority; vesting title to property in state. At any time
when an authority has no bonds or other obligations outstanding, its board of directors may
by the unanimous vote of all directors present adopt a resolution declaring that the authority
shall be dissolved. Upon filing for record of a certified copy of the said resolution in the
office of the Secretary of State, the authority shall thereupon stand dissolved and in the
event it shall own any property at the time of its dissolution, the title of all its properties
shall thereupon pass to the state. (Acts 1980, No. 80-585, p. 899, §19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-17.htm - 938 bytes - Match Info - Similar pages

11-54-189
Section 11-54-189 Dissolution of authority and vesting of title to property in authorizing
municipality. At any time when an authority has no bonds or other obligations outstanding,
its board may adopt a resolution, which shall be duly entered upon its minutes, declaring
that the authority shall be dissolved. Upon filing for record of a certified copy of the said
resolution in the office of the judge of probate of the county with which the authority's
certificate of incorporation is filed, 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 the authorizing municipality. (Acts 1980, No. 80-648, p. 1235, §20.)...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-189.htm - 1K - Match Info - Similar pages

11-54A-20
Section 11-54A-20 Dissolution of corporation and vesting of title to property in city. At any
time when the authority has no bonds or other obligations outstanding, its board may adopt
a resolution, which shall be duly entered upon its minutes, declaring that the authority shall
be dissolved. Upon filing for record of a certified copy of the said 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 the city. (Acts 1985, No. 85-683, §20.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-20.htm - 934 bytes - Match Info - Similar pages

2-3A-14
Section 2-3A-14 Dissolution of authority and vesting of title to its property. At any time
when the authority has no bonds or other obligations outstanding, its board may adopt a resolution,
which shall be duly entered upon its minutes, declaring that the authority shall be dissolved.
Upon filing for record of a certified copy of the said resolution in the office of the Secretary
of State, 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 the
state. (Acts 1980, No. 80-586, p. 913, §14.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-14.htm - 920 bytes - Match Info - Similar pages

45-23A-91.19
Section 45-23A-91.19 Dissolution of the corporation; vesting of title to property in the city.
At any time when the authority has no bonds or other obligations outstanding, its board may
adopt a resolution, which shall be duly entered upon its minutes, declaring that the authority
shall be dissolved. Upon filing for record a certified copy of the resolution in the office
of the Judge of Probate of Dale 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 the city. (Act 84-395, p. 904, §20.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-23A-91.19.htm - 934 bytes - Match Info - Similar pages