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10A-2-14.21
Section 10A-2-14.21 Procedure for and effect of administrative dissolution. REPEALED IN THE
2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (a) If the Secretary of State determines that one or more grounds exist under
Section 10A-2-14.20 for dissolving a corporation, he or she shall serve the corporation with
written notice of his or her determination under Section 10A-1-5.31(b), 10A-1-5.35, or 10A-1-5.36.
(b) If the corporation does not correct each ground for dissolution or demonstrate to the
reasonable satisfaction of the Secretary of State that each ground determined by the Secretary
of State does not exist within 60 days after service of the notice is perfected under Section
10A-1-5.31(b), 10A-1-5.35, or 10A-1-5.36, the Secretary of State shall administratively dissolve
the corporation by signing a certificate of dissolution that recites the ground or grounds
for dissolution and its effective date. The Secretary of State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-14.21.htm - 2K - Match Info - Similar pages
11-54-127
Section 11-54-127 Additional powers of boards. (a) In addition to all other powers conferred
on it by law, and subject to any express provisions of its certificate of incorporation to
the contrary, any industrial development board shall have all of the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To create or establish one or more endowment trust funds. (2) To receive and accept from
any private source, for the account of any endowment trust fund so created or established
by it, contributions in the form of gifts of money, stocks, bonds, and other debt securities,
other personal property, whether tangible or intangible, and real property of any description,
subject, in the case of any such contribution, to any lawful condition to the use thereof
that is specified by the donor thereof and that is not inconsistent with the provisions of
this division. (3) To deposit, or to cause to be deposited, into any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-127.htm - 4K - Match Info - Similar pages
10A-20-4.01
Section 10A-20-4.01 Powers of conventions or associations. State conventions or state associations
of churches, generally known as congregational churches, which have been heretofore incorporated
under any general or special law of the state or which may be hereafter incorporated under
any general law of this state, shall have and are invested with the following powers in addition
to the powers heretofore conferred upon the corporations by general law or special acts of
the Legislature. The incorporated conventions or associations may: (1) In their corporate
capacity, act in the intervals between state conventions by, and through, trustees, directors,
or governing boards by whatever name called or designated; (2) Through its constitution and
bylaws or by resolution adopted by the convention confer upon the trustees, directors, or
governing boards the power to do any and all acts and exercise any and all corporate powers
conferred upon them by the convention which the convention itself...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-4.01.htm - 2K - Match Info - Similar pages
11-50-314
Section 11-50-314 Powers of corporation generally; provisions in mortgages, deeds of trust,
or pledge agreements executed by corporation as to rights of parties thereto, etc. (a) Each
corporation formed or the certificate of incorporation of which is amended under this article
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) specified in its certificate of incorporation
or until dissolved as provided in this article; (2) To sue and be sued and to defend civil
actions against it; (3) To make use of a corporate seal and to alter the same at pleasure;
(4) To acquire, purchase, construct, operate, maintain, enlarge, extend, and improve any system
or systems, the operation of which is provided for in the certificate of incorporation of
such corporation or in any amendment thereto (whether or not such system or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-314.htm - 5K - Match Info - Similar pages
11-81-163
Section 11-81-163 Adoption, amendment, recordation, etc., of ordinances or resolutions for
issuance of bonds, segregation of revenues, etc. For the purpose of this article, any borrower
is authorized to adopt ordinances providing for the issuance of revenue bonds as provided
in this article and any and all other appropriate ordinances and resolutions deemed necessary
to effectuate the full intent and purpose of this article, including the segregation of revenues
derived from the operation of any project named in Section 11-81-161, the determination, fixation
and revision from time to time of rates to be charged for services and any and all other necessary
ordinances and resolutions to protect the properties, to provide for the adequate operation
thereof and to insure the security of the bonds; provided, that in the case of counties, the
style of any ordinance or resolution adopted under this article shall be the same as is provided
by the laws of the state in the case of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-163.htm - 1K - Match Info - Similar pages
27-41-9
Section 27-41-9 Particular investments - Bonds, etc., of states or counties, municipalities,
school districts, etc., therein generally. An insurer may invest in bonds or other evidences
of indebtedness which are general obligations of or are adequately secured as to both principal
and interest by irrevocable pledge of specific revenues by this state or any other state of
the United States or any county, incorporated city or town, or duly organized school district
or other civil division, governmental unit, or public instrumentality of any such state. Obligations
payable solely out of special assessments on properties benefited by local improvements shall
not be eligible under this section. (Acts 1977, No. 408, p. 530, ยง9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-41-9.htm - 1K - Match Info - Similar pages
41-16-50
Section 41-16-50 Contracts for which competitive bidding required. (a) With the exception of
contracts for public works whose competitive bidding requirements are governed exclusively
by Title 39, all expenditure of funds of whatever nature for labor, services, work, or for
the purchase of materials, equipment, supplies, or other personal property involving fifteen
thousand dollars ($15,000) or more, and the lease of materials, equipment, supplies, or other
personal property where the lessee is, or becomes legally and contractually, bound under the
terms of the lease, to pay a total amount of fifteen thousand dollars ($15,000) or more, made
by or on behalf of any state trade school, state junior college, state college, or university
under the supervision and control of the Alabama Community College System, the Alabama Fire
College, the district boards of education of independent school districts, the county commissions,
the governing bodies of the municipalities of the state, and the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16-50.htm - 6K - Match Info - Similar pages
10A-20-7.02
Section 10A-20-7.02 Incorporation. (a) Five or more financial institutions or persons, a majority
of whom shall be residents of this state, who may desire to create an industrial development
corporation under the provisions of this article for the purpose of promoting, developing,
and advancing the prosperity and economic welfare of the state and, to that end, to exercise
the powers and privileges provided in this article may be incorporated by delivering to the
Secretary of State for filing a certificate of formation. The filing of the certificate shall
be accompanied by a filing fee in the amount prescribed to be paid to the Secretary of State
under Section 10A-1-4.31 in connection with the filing of a certificate of formation. The
certificate of formation shall contain: (1) The name of the corporation which shall include
the words "industrial development corporation of Alabama." (2) The location of the
principal office of the corporation, but the corporation may have offices in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-7.02.htm - 5K - Match Info - Similar pages
11-50-396
Section 11-50-396 Powers generally. Each district incorporated under this article shall have
each and all of the following powers, together with all powers incidental thereto or necessary
to the discharge thereof in corporate form: (1) To have succession in its corporate name for
the duration of time (which may be in perpetuity) specified in the certificate of incorporation,
or until dissolved as provided in subsection (c) of Section 11-50-392. (2) To sue and be sued
and to defend civil actions against it. (3) To have and use a corporate seal and alter the
same at pleasure. (4) To acquire, purchase, construct, receive, own, operate, maintain, enlarge,
extend, and improve any one or more gas systems the operation of which is provided for in
the certificate of incorporation of the district (whether or not such system or systems were
in existence or whether or not such system or systems were privately owned or municipally
owned prior to the acquisition by such district). (5) To receive,...
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11-50-524
Section 11-50-524 Corporate powers. (a) The corporation shall be entitled to all the exemptions
provided by the general laws of Alabama and of the United States for municipal corporations.
To carry out its purposes, the corporation shall have the following specific powers, but no
enumeration of powers granted in this chapter shall be construed to impair or limit any general
grant of power contained in this chapter nor to limit any such grant to a power or powers
of the same class or classes as those enumerated: (1) To have succession by its corporate
name perpetually unless dissolved and unless a shorter period of time shall be specified in
the certificate; (2) To sue and be sued and to prosecute and defend; (3) To have and to use
a corporate seal and to alter the same at will; (4) To acquire by purchase or lease and to
operate, maintain, extend, and improve any utility within the power district, including any
real and personal properties and any contract and franchise rights in...
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