41-10-431
Section 41-10-431 Authority as nonprofit corporation. The authority shall be a nonprofit corporation,
and no part of its net earnings remaining after payment of its expenses shall inure to the
benefit of any private person or entity. (Acts 1990, No. 90-293, p. 396, §12.)...
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41-10-44.15
Section 41-10-44.15 Earnings of the authority. The authority is a nonprofit corporation and
no part of its net earnings remaining after payment of its expenses shall inure to the benefit
of any individual, firm or corporation. (Acts 1993, 1st Ex. Sess., No. 93-851, p. 79, §1.)...

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11-50-234
Section 11-50-234 Board of directors. (a) Each corporation formed under this division shall
have a board of directors which shall constitute the governing body of the corporation, which
board shall consist of at least three members. All members of the board of directors shall
be reimbursed for actual expenses incurred in and about the performance of their duties under
this division, and the chairman of said board may, at the discretion of the board of directors,
be paid a director's fee in an amount not exceeding $15.00 each month, and each member of
the board of directors other than the chairman may be paid a director's fee in an amount not
exceeding $10.00 each month. Any officer of the municipality shall be eligible for appointment
and may serve as a member of the board of directors but shall not receive a fee for his services;
provided, that at no time shall the board consist of more than two officers of the municipality.
The directors of the corporation shall be elected by the...
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11-50-313
Section 11-50-313 Board of directors. (a) Each corporation formed or the certificate of incorporation
of which is amended under this article shall have a board of directors which shall constitute
the governing body of the corporation, which board shall consist of at least three members.
In any Class 4 municipality which has adopted a mayor-council form of government pursuant
to Chapter 43B (commencing with Section 11-43B-1) of this title, any corporation formed pursuant
to this chapter may have a governing body which shall consist of seven members. Any corporation,
located in any Class 5 municipality, which is governed by a local law enacted in the 1995
Regular Session may have a governing body which shall consist of seven members. No fee shall
be paid to any director for services rendered with respect to a sanitary sewer system. In
any instance where the system or systems owned and operated by the corporation are any one
or more of a water system, a gas system, and an electric system,...
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11-59-7
Section 11-59-7 Board of directors. The corporation shall have a board of directors in which
all powers of the corporation shall be vested and which shall consist of any number of directors,
not less than three, all of whom shall be duly qualified electors of and taxpayers in the
municipality. The directors shall serve as such without compensation, except that they shall
be reimbursed for their actual expenses incurred in and about the performance of their duties
under this chapter; and, in the discretion of the board of directors, the members thereof
may be paid a director's fee not exceeding $5.00 for each directors' meeting attended by them
not exceeding one meeting during each calendar month. No director shall be an officer or employee
of the municipality. The directors shall be elected by the governing body of the municipality,
and they shall be so elected that they shall hold office for staggered terms. At the time
of the election of the first board of directors, the governing...
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9-8A-16
Section 9-8A-16 Use of earnings of commission. The commission shall be a political subdivision
of the state and no part of its net earnings remaining after payment of its expenses shall
inure to the benefit of any individual, firm or corporation, except through the cost-share
grants herein provided for. (Acts 1985, 1st Ex. Sess., No. 85-123, p. 169, §18; Acts 1986,
No. 86-426, p. 775, §17.)...
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11-60-7
Section 11-60-7 Board of directors. The corporation shall have a board of directors in which
all powers of the corporation shall be vested and which shall consist of any number of directors,
not less than three, all of whom shall be duly qualified electors of and taxpayers in the
municipality. The directors shall serve as such without compensation, except that they shall
be reimbursed for their actual expenses incurred in and about the performance of their duties
under this chapter. No director shall be an officer or employee of the municipality. The directors
shall be elected by the governing body of the municipality, and they shall be so elected that
they shall hold office for staggered terms. At the time of the election of the first board
of directors, the governing body of the municipality shall divide the directors into three
groups containing as near equal whole numbers as may be possible. The first term of the directors
included in the first group shall be two years; the first...
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11-58-4
Section 11-58-4 Board of directors. Each corporation formed under this chapter shall have a
board of directors which shall constitute the governing body of the corporation, consisting
of three members who shall serve without compensation, except that they shall be reimbursed
for actual expenses incurred in the performance of their duties under this chapter and, at
the discretion of the board of directors, may be paid a director's fee of ten dollars ($10)
for each director's meeting attended by them not to exceed a total of one hundred twenty dollars
($120) per member per year. No member of the board shall be an officer of the municipality
or county. The directors of the corporation shall be elected by the governing body of the
respective municipality or county and they shall be so elected that they shall hold office
for staggered terms. The first term of office of one director shall be two years, of another
director shall be four years, and of a third director shall be six years, as...
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2-3A-34
Section 2-3A-34 Expenses; disposition of proceeds. Upon order of the board of directors of
said authority, all expenses incurred in connection with the authorization, preparation, sale,
and issuance of bonds authorized herein and by Amendment 618 shall be paid out of the proceeds
thereof. The proceeds thereof remaining after payment of such expenses, together with the
income derived from the investment and reinvestment of such proceeds (including income derived
from the investment and reinvestment of previously derived income) shall be disbursed from
time to time on the order of said authority for payment of costs incurred in carrying out
the purposes authorized in said amendment, as follows: (1) the sum of $13,000,000 shall be
used for providing and improving animal diagnostic laboratories in the state in order to provide
improved animal health testing for livestock and poultry producers, veterinarians, animal
owners and animal-related businesses generally; (2) the sum of $18,200,000...
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2-3A-54
Section 2-3A-54 Expenses; disposition of proceeds. Upon order of the board of directors of
said authority, all expenses incurred in connection with the authorization, preparation, sale,
and issuance of bonds authorized herein and by Amendment 619 shall be paid out of the proceeds
thereof. The proceeds thereof remaining after payment of such expenses, together with the
income derived from the investment and reinvestment of such proceeds (including income derived
from the investment and reinvestment of previously derived income) shall be disbursed from
time to time on the order of said authority for payment of costs incurred in carrying out
the purposes authorized in said amendment, as follows: The sum of five million seven hundred
thousand dollars ($5,700,000) shall be used for the purpose of providing and the equipping
of a center for cotton, cotton products technology, and for its use as an educational, applied
research, and promotional facility in the field of textile and apparel...
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