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41-10-369
Section 41-10-369 Dissolution of authority; disposition of property upon dissolution of authority.
At any time when the bonds and other obligations of the authority have been paid in full,
the authority may be dissolved upon the filing with the Secretary of State of a written statement
for dissolution, reciting payment in full of all bonds and other obligations of the authority
and which shall be sworn to by each such member before an officer authorized to take acknowledgments
to deeds. Upon the filing of said written statement for dissolution, the authority shall cease
and any property owned by it at the time of its dissolution shall pass to the state. The Secretary
of State shall file and record the written statement for dissolution in an appropriate book
of record in his office, and shall make and issue, under the Great Seal of the State, a certificate
that the authority is dissolved, and shall record the said certificate with the written statement
for dissolution. (Acts 1988, No....
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11-32-20
Section 11-32-20 Dissolution of transit authority. 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 individual, firm, or corporation except as provided in this section. At any
time when the authority has no bonds or outstanding obligations, 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 authorizing county, the authority shall be dissolved and in the event it
owned any property at the time of its dissolution, the title to its properties shall pass
to, and vest equally in, the principal municipality and the authorizing county, as tenants
in common. (Act 2013-380, p. 1389, ยง20.)...
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11-95-4
Section 11-95-4 Certificate of incorporation - Contents; execution, acknowledgment, attachments,
recordation by probate judge. (a) Within 80 days following the adoption of the first adopted
of the two authorizing resolutions required by the provisions of Section 11-95-3 and within
40 days following the adoption of the last adopted of the said two authorizing resolutions,
the applicants may proceed to incorporate a corporation by filing for record in the office
of the judge of probate of the authorizing county a certificate of incorporation which shall
comply in form and substance with the requirements of this section and which shall be in the
form and executed in the manner herein provided. (b) The certificate of incorporation of the
corporation shall state: (1) The names of the persons forming the corporation, and that each
of them is a duly qualified elector of the authorizing county; (2) The name of the corporation
(which shall be _____ county-city (town) of _____ joint hospital...
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14-6A-38
Section 14-6A-38 Dissolution. At any time when a regional jail authority has no bonds or other
obligations outstanding, its board may by affirmative vote of a majority of its members, and
with the prior approval of the city council of each municipality participating in the regional
jail authority, adopt a resolution declaring its intent that the authority shall be dissolved.
Written notice of intent to dissolve shall be immediately delivered to the municipal council
of each municipality participating in the regional jail authority. Dissolution shall not take
place less than 60 days following the written notice. At the expiration of 60 days and upon
the filing for record of a certified copy of the dissolution resolution in the office of the
judge of probate of the municipality in which the authority's certificate of incorporation
was filed, 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 property...
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14-6A-9
Section 14-6A-9 Dissolution. At any time when a regional jail authority has no bonds or other
obligations outstanding, its board may by affirmative vote of a majority of its members, and
with the prior approval of the county commission of each county participating in the regional
jail authority, adopt a resolution declaring its intent that the authority shall be dissolved.
Written notice of intent to dissolve shall be immediately delivered to the county commission
of each county participating in the regional jail authority. Dissolution shall not take place
less than 60 days following the written notice. At the expiration of 60 days and upon the
filing for record of a certified copy of the dissolution resolution in the office of the judge
of probate of the county in which the authority's certificate of incorporation was filed,
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 property shall...
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24-9-10
Section 24-9-10 Incorporation of local authority. (a) If the number of tax delinquent properties
in a municipality exceeds 1,000, then the governing body of a municipality may adopt a resolution
declaring that it is wise, expedient, and necessary that a local authority be formed by the
municipality by the filing for record of a certificate of incorporation in accordance with
the provisions of subsection (c). (b) If the number of tax delinquent properties in a municipality
exceeds 1,000, then the governing body of a county may adopt a resolution declaring that it
is wise, expedient, and necessary that a local authority be formed by the county by the filing
for record of a certificate of incorporation in accordance with the provisions of subsection
(c). (c) Upon the adoption of the authorizing resolution, the municipality or county, as the
case may be, shall proceed to incorporate the local authority by filing for record in the
office of the judge of probate of the county a certificate...
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41-10-284
Section 41-10-284 Dissolution of authority. At any time when the bonds and other obligations
of the authority have been paid in full, the authority may be dissolved upon the filing with
the Secretary of State of a written statement for dissolution, reciting payment in full of
all bonds and other obligations of the authority, which statement shall be subscribed by each
of the members of the authority and which shall be sworn to by each such member before an
officer authorized to take acknowledgments to deeds. Upon the filing of said written statement
for dissolution, the authority shall cease and any property owned by it at the time of its
dissolution shall pass to the state. The Secretary of State shall file and record the written
statement for dissolution in an appropriate book of record in his office, and shall make and
issue, under the Great Seal of the State, a certificate that the authority is dissolved, and
shall record the said certificate with the written statement for...
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11-86A-5
Section 11-86A-5 Contents, signing, and filing of articles. (a) The articles of an authority
shall state all of the following: (1) The names of the incorporators and that each is a resident
of the county of incorporation. In addition, one of the incorporators shall also be a Class
4 municipality that has within 90 days of March 9, 2000, opted by ordinance to be a participating
municipality. (2) The name of the authority, which may be a name indicating in a general way
the geographic area proposed to be served by the authority and include the words "Park
and Recreation Authority" (e.g., "The ___ Park and Recreation Authority" or
"The Park and Recreation Authority of ___," the blank space to be filled in with
a geographically descriptive word or words, but the descriptive word or words shall not preclude
the authority from exercising its powers in other geographic areas). (3) The period of the
authority which may be perpetual. (4) The location of the principal office 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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11-56-20
Section 11-56-20 Authority and procedure for dissolution of corporations; vesting of title
to properties thereof in municipalities upon dissolution; formation of corporations not to
prevent subsequent formation of other corporations by same municipalities. (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
it owned any property at the time of its dissolution, the title to all its property shall
thereupon vest in the municipality. In the event the corporation shall at any time have outstanding
bonds issued under this chapter payable out of the revenues from different projects, then
as and when the principal of and the interest on all bonds payable in...
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