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41-10-541
such obligations, and which meet the greater of 100% collateralization or the "AA"
collateral levels established by Standard & Poor's Rating Group for structured financings;
and h. Uncollateralized investment agreements with, or certificates of deposit issued by banks
or bank holding companies, the senior long-term securities of which are rated at least "AA"
by Standard & Poor's Rating Group and at least "Aa" by Moody's Investors Service.
(11) FINANCED PROPERTY. All property whether real, personal, or mixed, the costs of
which were or are to be paid or reimbursed in whole or in part with the proceeds of bonds
of the authority or the proceeds of authority-guaranteed obligations. (12) FINANCING AGREEMENT.
Any loan, lease, agreement, grant agreement, financing agreement, credit agreement, security
agreement, mortgage, indenture, guaranty agreement, or other type of agreement entered into
by the authority in connection with the incurring of authority obligations. (13) FUNDING AGREEMENT....
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27-44-12
Section 27-44-12 Duties of commissioner and board with regard to detection and prevention of
insolvencies or impairment. To aid in the detection and prevention of insurer insolvencies
or impairment: (1) It shall be the duty of the commissioner: a. To notify the commissioners
of those states, territories of the United States and the District of Columbia where such
member company is licensed when he takes any of the following actions against a member insurer:
1. Revocation of license; 2. Suspension of license; 3. Makes any formal order that such company
restrict its premium writing or obtain additional contributions to capital or surplus. Such
notice shall be mailed to all commissioners within 30 days following the action taken or the
date on which such action occurs. b. To report to the board of directors when he has taken
any of the actions set forth in paragraph a. of this subdivision or has received a report
from any other commissioner indicating that any such action has been taken...
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11-47-218
own name in civil actions and to defend actions against it. (3) To adopt and make use of a
corporate seal and to alter the same at pleasure. (4) To adopt, alter, and repeal bylaws,
regulations, and rules, not inconsistent with this article or its certificate of incorporation,
for the regulation and conduct of the affairs and business of the authority. (5) To acquire,
receive, take, and hold, whether by purchase, gift, lease, devise or otherwise, property of
every description, whether real, personal or mixed, and to manage the property and
to develop any undeveloped property owned, leased, or controlled by it. (6) To borrow money
and to sell and issue bonds for any corporate use or purposes. (7) To acquire, whether by
gift, purchase, transfer, foreclosure, lease, or otherwise, to construct and to expand, improve,
operate, maintain, equip, and furnish one or more projects, including all real and personal
properties that its board may deem necessary in connection therewith. (8) To lease...
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27-29-3.1
Section 27-29-3.1 Acquisition involving change in control of insurer authorized to do business
in Alabama; pre-acquisition notification; violation of competitive standards. (a) The following
definitions shall apply for the purposes of this section only: (1) ACQUISITION. Any agreement
or arrangement the consummation of which results in a person acquiring directly or indirectly
the control of another person, and includes, but is not limited to, the acquisition of voting
securities, the acquisition of assets, bulk reinsurance, and mergers. (2) INVOLVED INSURER.
Includes an insurer which either acquires or is acquired, is affiliated with an acquirer or
acquired, or is the result of a merger. (b)(1) Except as exempted in subdivision (2), this
section applies to any acquisition in which there is a change in control of an insurer authorized
to do business in this state. (2) This section shall not apply to the following: a. A purchase
of securities solely for investment purposes so long as the...
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22-21-77
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 Section 22-21-82; (2) To maintain actions and have actions maintained against
it and to defend action maintained against it; (3) To make use of a corporate seal and to
alter the same at pleasure; (4) To receive, acquire, take and hold, whether by purchase, gift,
lease, devise or otherwise, real and personal estate of every description and to manage
and dispose of same by any form of legal conveyance or transfer; (5) To acquire, construct,
equip, enlarge, improve, maintain and operate a hospital and to do all things necessary to
that end; (6) With the approval of the board of directors, to design, construct, purchase
or otherwise acquire hospitals, clinics and other hospital facilities, and to lease or otherwise
make available such facilities to such persons, firms, partnerships, associations...
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37-8-28
discharge and boards of managers of such homes; to necessary caretakers of livestock, poultry
and fruit, to employees on sleeping cars and express cars, and to linemen of telegraph and
telephone companies, to railway mail service employees, postoffice inspectors, custom inspectors,
and immigration inspectors, to newsboys on trains, baggage agents, witnesses attending any
legal investigation in which the carrier is interested, persons injured in wrecks when being
transported from the place of injury to their homes and places of treatment and physicians
and nurses attending such persons; and members of the public service commission, and its agents
and employees when traveling on official business only; but this section shall not be construed
to prohibit the interchange of passes for the officers, agents, and employees of railroads
and other common carriers and their immediate families, nor prohibit any such carrier from
carrying passengers free with the object of providing relief in...
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11-3-11
to the extent required to make such connection. The cost to the county of connecting to such
system any facility used in the collection or disposal of sewage shall be reimbursed to the
county by the owner of the property on which such facility is located, and the obligation
of the owner of such property to pay such cost to the county shall be secured by a lien on
such property to be collected as other debts are collected or liens enforced. The notice required
by this subdivision shall be by personal service or by posting a notice on the premises.
Any other provisions of this subdivision to the contrary notwithstanding, no county commission
shall have the power to require any owner of property to connect to a county sewer system
if (i) the property of such owner is served by any other sewer system as of the date (the
"prospective connection date") that the construction of such county sewer system
has advanced to the point that operational sewer lines belonging to such system are...
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19-3B-816
Section 19-3B-816 Specific powers of trustee. (a) Without limiting the authority conferred
by Section 19-3B-815, a trustee may: (1) collect trust property and accept or reject additions
to the trust property from a settlor or any other person, including, but not being limited
to, the authority to receive, collect, hold, and retain common or preferred stock or other
interests in the trustee or any related party; (2) acquire or sell property, for cash or on
credit, at public or private sale; (3) exchange, partition, or otherwise change the character
of trust property; (4) deposit trust money in an account in a regulated financial-service
institution; (5) borrow money, with or without security, and mortgage or pledge trust property
for a period within or extending beyond the duration of the trust; (6) with respect to an
interest in a proprietorship, partnership, limited liability company, business trust, corporation,
or other form of business or enterprise, continue the business or other...
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40-23-4
sales of materials, equipment, and machinery that, at any time, enter into and become a component
part of ships, vessels, towing vessels or barges, or drilling ships, rigs or barges, or seismic
or geophysical vessels, other watercraft and commercial fishing vessels of over five tons
load displacement as registered with the U.S. Coast Guard and licensed by the State of Alabama
Department of Conservation and Natural Resources. Additionally, the gross proceeds from the
sale or sales of lifeboats, personal flotation devices, ring life buoys, survival craft
equipment, distress signals, EPIRB's, fire extinguishers, injury placards, waste management
plans and logs, marine sanitation devices, navigation rulebooks, navigation lights, sound
signals, navigation day shapes, oil placard cards, garbage placards, FCC SSL, stability instructions,
first aid equipment, compasses, anchor and radar reflectors, general alarm systems, bilge
pumps, piping, and discharge and electronic position fixing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-23-4.htm - 34K - Match Info - Similar pages
9-16-73
Section 9-16-73 Surface Mining Commission - Creation; composition; officers; compensation;
meetings; offices; funds; removal of members. (a) There is continued as previously established
the Alabama Surface Mining Reclamation Commission under the name of the Alabama Surface Mining
Commission for the purpose of transition in implementing and enforcing this article and carrying
out the intent and policy stated in Section 9-16-71. All members of the commission appointed
under authority of Section 9-16-33, shall continue their terms as created under that section
until all reappointments and filling of vacancies have been filled in the manner as provided
in this section. At the expiration of any term, that member shall continue in office until
an appointment occurs as provided in this section. After February 25, 1994, no member shall
serve more than two full consecutive terms of office. (b) The commission shall be composed
of seven members, who are fair and reasonable citizens of the state...
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