11-94-18
Section 11-94-18 Dissolution of authority; vesting of title to funds and property of authority.
Whenever the board of any authority shall by resolution determine that the purposes for which
the authority was formed have been substantially complied with and any bonds theretofore issued
and all obligations theretofore incurred by the authority have been paid, the authority shall
thereupon execute and file for record in the office of the judge of probate of the county
in which its certificate of incorporation was filed a certificate of dissolution reciting
such facts and declaring the authority to be dissolved. Such certificate of dissolution shall
be signed by the president or vice president of the authority under its corporate seal. Upon
the filing of such certificate of dissolution the authority shall stand dissolved, the title
to all funds and properties owned by it at the time of such dissolution shall vest in equal
shares in its authorizing subdivisions and the possession of such...
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11-101A-24
Section 11-101A-24 Dissolution. At any time when the authority does not have any securities
outstanding, and when there shall be no other obligations assumed by the authority that are
then 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 certificate
of incorporation of the authority was filed, the authority shall thereupon stand dissolved.
In the event that the authority owned any assets or property at the time of its dissolution,
the title to all its assets and property shall, subject to any constitutional provision to
the contrary, vest in one or more counties or municipalities in such manner and interests
as may be provided in the certificate of incorporation. If the certificate of incorporation
contains no provision respecting the vesting of title to the assets...
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22-21-339
Section 22-21-339 Dissolution of authority. At any time when the authority does not have any
securities outstanding, and when there shall be no other obligations assumed by the authority
that are then 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 said resolution in the office of the judge of probate in which the certificate
of incorporation of the authority was filed, the authority shall thereupon stand dissolved,
and in the event that it owned any assets or property at the time of its dissolution, the
title to all its assets and property shall, subject to any constitutional provision or inhibition
to the contrary, thereupon vest in one or more counties, municipalities, or educational institutions
in such manner and interests as may be provided in the said certificate of incorporation;
provided however, that if the said certificate of...
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11-20-45
Section 11-20-45 Authority and procedure for dissolution of corporations; disposition of funds
and properties thereof upon 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...
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11-50-316
Section 11-50-316 Execution, sale, etc., of bonds and refunding bonds of corporation; terms,
denominations, etc., thereof; charge, application, etc., of revenues from systems for payment
of bonds, etc., generally; vesting of title to systems in municipality and dissolution of
corporation upon payment of bonds in full, etc. (a) All bonds issued by any such corporation
organized or the certificate of incorporation of which is amended under this article shall
be signed by the chairman of the board of directors or other chief executive officer and attested
by its secretary, and the seal of such corporation shall be affixed thereto; provided that,
if authorized by the board of directors of such corporation, said bonds may be executed with
an engraved, imprinted, stamped, or otherwise reproduced facsimile of any signature or seal
in lieu of a manually made signature or manually made impressment of the seal; provided further,
that at least one signature required or permitted to be placed...
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11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution; bond resolution
covenants. (a) The authority shall, prior to the adoption by the board of a resolution authorizing
the issuance of any bonds, enter into one or more contracts with two or more municipalities
which are authorized to contract with the authority pursuant to Section 11-50A-17. Any resolution
of the board authorizing the issuance of bonds may authorize those bonds to be issued in more
than one series, and the issuance of each series of bonds so authorized by that resolution
need not be preceded by the entering into by the authority of additional contracts pursuant
to Section 11-50A-17. (b) The board may by resolution or resolutions authorize the issuance
of bonds. Unless otherwise provided therein, the resolution or resolutions shall take effect
immediately and need not be published or posted. The board may authorize such types of bonds
as it may determine, subject only to any agreement with...
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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division, 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) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant to
this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which the
payment of debt service referable to bonds, notes, or other evidences of indebtedness of a
development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of the
authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes, or
other evidences of indebtedness of a development agency that are issued solely for the purpose
in financing a project and that are guaranteed, in whole or in part,...
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11-92C-8
Section 11-92C-8 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, which may be in perpetuity,
subject to Section 11-92C-20, specified in its certificate of incorporation. (2) To sue and
be sued in its own name and to prosecute and defend civil actions in any court having jurisdiction
of the subject matter and of the parties; provided that the authority shall be deemed to be
a governmental entity as defined in Chapter 93 of this title for the purpose of limiting the
damages for which the authority may be liable. (3) To adopt and make use of a corporate seal
and to alter the seal at its pleasure. (4) To adopt and alter bylaws for the regulation and
conduct of its affairs and business. (5) To acquire, whether by purchase, construction, exchange,
gift, lease, or otherwise, and to refinance existing...
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45-30-250.05
Section 45-30-250.05 Powers of authority. (a) The authority shall have the following corporate
powers, and all incidental or necessary powers thereto, either separately or in combination
with any other system, service, or facility referred to in this section: (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
act, 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, or 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 contracts, agreements,...
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11-92B-10
Section 11-92B-10 Powers and duties of authority. An authority shall have the following powers
and duties together with all powers and duties incidental thereto or necessary to the discharge
thereof: (1) To sue or be sued and to prosecute and defend in any court of competent jurisdiction.
(2) To adopt and to use a corporate seal and to alter the seal at pleasure. (3) To adopt and
alter bylaws for the regulation and conduct of its affairs and business. (4) With respect
to property within the operational area of the authority, to acquire, receive, and take title
to by purchase, gift, lease, devise, or otherwise, to hold, keep, improve, maintain, and impose
restrictive covenants and land use controls, to engage in environmental remediation and restoration
efforts as required under applicable agreements with the United States Department of Defense,
to equip, furnish, develop, and to transfer, convey, donate, sell, lease, grant options to,
assign, encumber with easements and mortgages and...
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