45-47-250.14
at the time of its dissolution, the title to all its properties shall thereupon pass to and
be divided and apportioned among Marion County and any other county or counties in which any
part of the service area may be located, all in such manner and to such extent as may be provided
in the authority's certificate of incorporation, as amended; provided, however, that in the
absence of a contrary provision in the certificate of incorporation, as amended, title to
real estate and tangible personal property, other than cash, shall vest in the county
in which the real estate or tangible personal property is located and the title to
cash on hand and in banks, accounts receivable, choses in action, and other intangible property,
other than intangible interest in land, shall vest in all of the counties in which any part
of the service area lies. Each such county shall have title to the cash and intangible items
as a tenant in common thereof, the fractional interest of each such tenant in...
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11-62-17
Section 11-62-17 Authority and procedure for dissolution of authority; vesting of title to
assets and properties of authority upon dissolution of authority; effect of dissolution of
authority upon formation of other such authorities. (a) At any time when any authority does
not have any bonds, notes, or other obligations outstanding and when there shall be no other
obligations assumed by such authority that are then outstanding, the board of such authority
may adopt a resolution, which shall be duly entered upon its minutes, declaring that the authority
shall be dissolved. (b) Upon the filing for record of a certified copy of said resolution
in the office of the judge of probate in which the authority's certificate of incorporation
was filed, the authority shall thereupon stand dissolved and, in the event it owned any assets
or property at the time of its dissolution, the title to all such assets or property shall
thereupon vest in the determining municipality. (c) The formation or...
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11-50-524
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
connection therewith, provided that it shall not do any such acts in any territory served
by an existing utility without the consent of such existing utility; (5) To acquire by purchase
the entire stock of any private corporation owning and operating a utility within the power
district, but only as a step in the acquisition of title to such utility, and any such private
corporation shall be dissolved immediately upon acquisition of such...
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11-85-111
Section 11-85-111 Dissolution of authority. At any time when no authority bonds or refunding
bonds 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 directors
of the authority and sworn to by each director before an officer authorized to take acknowledgments
to deeds. Upon the filing of the 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 or her office, and shall make and issue, under the Great
Seal of the State, a certificate that the authority is dissolved, and shall record the 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. (Act 98-195, p. 338, §13.)...

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11-50-520
Section 11-50-520 Definitions. The following words and phrases and others importing the same
meaning, where used in this chapter, shall be given the following respective interpretations
and meanings: (1) THE CORPORATION. Any corporation organized under this chapter. (2) APPLICANTS.
Those persons who organize the corporation. (3) POWER DISTRICT. The territory proposed to
be served by the corporation as specified in its certificate of incorporation as originally
filed or any amendment thereto made pursuant to the provisions of this chapter. (4) MUNICIPALITY
or MUNICIPALITIES. Any city or town incorporated under the laws of Alabama. (5) COUNTY or
COUNTIES. Any county organized under the laws of Alabama. (6) GOVERNING BODY. Whenever used
in relation to any municipality, the city or town council, city commission or the body or
board, by whatsoever name known, having charge of the governing of a municipality, and shall
be held to include the mayor or other chief executive officer of the...
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14-2-34
Section 14-2-34 Dissolution. When all bonds and securities issued by the authority and all
obligations assumed by it under the provisions of this chapter shall have been paid in full,
the then president of the authority shall thereupon execute and deliver in the name of, and
in behalf of, the authority an appropriate deed or deeds, to which the seal of the authority
shall be affixed and attested by the secretary of the authority, conveying all facilities
and other assets then owned by the authority to the state. The then officers and directors
of the authority may at such time file with the Secretary of State a written statement, subscribed
and sworn to by each of them, reciting the payment in full of all bonds theretofore issued
by the authority and the execution and delivery of such deed or deeds, which statement shall
be filed by the Secretary of State and recorded with the certificate of incorporation of the
authority, and thereupon the authority shall stand dissolved. (Acts 1965,...
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41-10-635
Section 41-10-635 Dissolution. 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 directors of the authority and sworn
to by each director before an officer authorized to take acknowledgments to deeds. Upon the
filing of the 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 or her office, and shall make and issue, under the Great Seal of the State, a certificate
that the authority is dissolved, and shall record the 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. (Act 99-353, p. 538, §16.)...
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41-10-764
Section 41-10-764 Dissolution. 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 directors of the authority and sworn
to by each director before an officer authorized to take acknowledgments to deeds. Upon the
filing of the 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 or her office, and shall make and issue, under the Great Seal of the State, a certificate
that the authority is dissolved, and shall record the 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. (Act 2016-469, 1st Sp Sess., §15.)...
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11-22-8
the period specified in the certificate of incorporation unless sooner dissolved as hereinafter
provided; (2) To sue and be sued and to prosecute and defend in any court having jurisdiction
of the subject matter and of the parties; (3) To have and to use a corporate seal and to alter
the same at pleasure; (4) To acquire, whether by purchase, construction, exchange, gift, lease,
or otherwise, to improve, maintain, equip, furnish, own, and operate one or more projects,
including all real and personal properties which the board of directors of the corporation
may deem necessary in connection therewith and regardless of whether or not any such projects
or any part thereof shall then be in existence; (5) To fix, prescribe and collect rates, fees,
tolls, charges, or rentals for the use of any of its facilities and for services, facilities,
and accommodations furnished by it or any of its facilities; (6) To adopt and enforce rules
and regulations relative to the use or occupancy of any of...
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11-56-1
Section 11-56-1 Definitions. The following words and phrases, whenever used in this chapter,
shall, in the absence of clear implication otherwise, have the following respective meanings:
(1) CORPORATION OR THE CORPORATION. A corporation organized pursuant to the provisions of
this chapter. (2) BOARD. The board of directors of the corporation. (3) THE STATE. The State
of Alabama. (4) THE MUNICIPALITY. That incorporated city or town in the state which authorized
the organization of the corporation. (5) THE COUNTY. That county in which the certificate
of incorporation of the corporation shall be filed for record. (6) LOCAL SUBDIVISION. The
municipality or the county. (7) PUBLIC CORPORATION. a. Any public corporation (other than
a corporation organized under this chapter) now or hereafter organized or created in the state
pursuant to the authorization or determination by the municipality, by the municipality and
one or more other cities and towns in the state, by the county, by the county...
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