45-29-140.05
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 as
may be necessary or convenient to accomplish any purpose for which the authority was organized
or to exercise any power expressly granted under this section. (7) To plan, establish, develop,
acquire, purchase, lease, construct, reconstruct, enlarge, improve,...
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45-38-141.05
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 part, 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 as
may be necessary or convenient to accomplish any purpose for which the authority was organized
or to exercise any power expressly granted under this section. (7) To plan, establish, develop,
acquire, purchase, lease, construct, reconstruct, enlarge, improve,...
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11-62-8
any authority may enter into contracts with the holders of any of its bonds or notes preventing
such authority from thereafter issuing general obligation bonds or notes or limiting the amount
of such bonds or notes that may thereafter be issued. To the extent permitted by any contracts
with the holders of outstanding bonds and notes and any other contractual obligations or requirements,
any authority may pledge any of its revenues or mortgage or assign any of its assets, whether
real or personal and whether tangible or intangible, to secure the payment of any of
its bonds or notes. (d) All obligations created or assumed by any authority and all bonds
or notes issued thereby shall be solely and exclusively an obligation of such authority and
shall not create an obligation or debt of the state, the determining municipality or any other
political subdivision of the state or public corporation or governmental agency existing under
the laws thereof; provided, that the provisions of this...
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45-46-90.06
45-46-90.18, specified in its certificate of incorporation. (2) To sue and be sued in its own
name in civil suits and actions, excepting actions in tort, and to defend suits 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. (6) To make, enter into, and execute such
contracts, agreements, leases, and other instruments and to take such other actions as may
be necessary or convenient to accomplish any purpose for which the authority was organized
or to exercise any power expressly granted hereunder. (7) To plan, establish, develop, acquire,
purchase, lease, construct, reconstruct, enlarge, improve, maintain, equip, operate, regulate,
and protect industrial and commercial facilities and port or dock...
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41-10-108
Section 41-10-108 Dissolution of corporation and vesting of title to properties thereof upon
dissolution; vesting of title to projects upon payment in full of bonds pertaining thereto;
formation of corporation not to prevent subsequent formation of other corporations by same
county. (a) At any time when the corporation does not have any bonds outstanding, the board
may adopt a resolution, which shall be duly entered upon its minutes, declaring that the corporation
shall be dissolved. Upon the filing for record of a certified copy of said resolution in the
office of the judge of probate of the county, the corporation shall thereupon stand dissolved
and, in the event that it owns any property at the time of its dissolution, the title to all
its property shall thereupon vest in the county. (b) In the event that the corporation shall
at any time have outstanding bonds issued under this article payable out of the revenues from
different projects, then as and when the principal of and...
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11-57-24
Section 11-57-24 Authority and procedure for dissolution of authorities; vesting of title to
assets or properties thereof in municipalities upon dissolution; formation of authorities
not to prevent subsequent formation of other authorities by same municipalities. (a) At any
time when the authority does not have any bonds 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 of the county, 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 thereupon vest in the municipality. In the event the authority shall
at any time have outstanding bonds issued hereunder payable out of the revenues of different
projects, then as and when the principal of and interest on all bonds...
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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.)...
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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.)...
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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.)...
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45-27A-31.19
Section 45-27A-31.19 Dissolution of the corporation and 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 of a certified copy of the resolution in the office
for the Judge of Probate of Escambia 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 82-740, p. 196, §20.)...
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