Code of Alabama

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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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45-37A-51.03
Section 45-37A-51.03 Board of managers. (a)(1) In order to assure representation of all participants
of this system, there shall be a board of managers of five members for the administration,
management, and control of the supplemental pension system, including administration, management,
control, acquisition, and disbursement of the fund. The board shall consist of the president
of the governing body of the city, who shall be chair of the board, and four associate members,
designated respectively as Member No. 1, Member No. 2, Member No. 3, and Member No. 4. (2)
Member No. 1 shall be appointed by the Jefferson County Personnel Board and shall be a person
who at the time of appointment has had five or more consecutive years immediately preceding
his or her appointment and has been an officer of, or the occupant of an executive position
in insurance, actuarial, investment, banking, or as a certified public accountant and shall
serve for a term of four years. Should the appointed Member...
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11-99A-49
Section 11-99A-49 Investments in bonds. Bonds issued under this chapter are legal and authorized
investments for banks, trust companies, savings and loan associations, savings banks, insurance
companies, fiduciaries, trustees, guardians, and any public person. Bonds issued under this
chapter may be security for deposits of public funds of any public person. (Act 99-446, p.
1013, §1.)...
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9-10-39
Section 9-10-39 Investment in bonds by state, banks, insurance companies, etc.; deposit of
bonds, etc., with state or municipal officers or agencies. Bonds issued by the corporation
under the provisions of this article are hereby made securities in which the state and all
political subdivisions of this state, their officers, boards, commissions, departments or
other agencies, all banks, bankers, savings banks, trust companies, savings and loan associations,
investment companies and other persons carrying on a banking business, all insurance companies,
insurance associations, and other persons carrying on an insurance business and all administrators,
executors, guardians, trustees and other fiduciaries and all other persons whatsoever who
now are or may hereafter be authorized to invest in bonds or other obligations of the state
may properly and legally invest any funds including capital belonging to them or within their
control. The bonds or other securities or obligations are hereby...
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11-20-10
Section 11-20-10 Investment in bonds by savings banks and insurance companies. Bonds issued
under the provisions of this article shall be legal investments for savings banks and insurance
companies organized under the laws of this state. (Acts 1961, Ex. Sess., No. 178, p. 2147,
§10.)...
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11-54-29
Section 11-54-29 Investment in bonds by savings banks and insurance companies. Bonds issued
under the provisions of this article shall be legal investments for savings banks and insurance
companies organized under the laws of this state. (Acts 1951, No. 756, p. 1307, §10.)...

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11-54-59
Section 11-54-59 Investment in bonds by savings banks and insurance companies. Bonds issued
under the provisions of this article shall be legal investments for savings banks and insurance
companies organized under the laws of this state. (Acts 1973, No. 812, p. 1251, §10.)...

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11-55-8
Section 11-55-8 Investment in bonds by savings banks and insurance companies. Bonds issued
under the provisions of this chapter shall be legal investments for savings banks and insurance
companies organized under the laws of this state. (Acts 1955, No. 491, p. 1107, §9.)...
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11-56-18
Section 11-56-18 Investment in bonds - By executors, savings banks, insurance companies, etc.
Bonds issued under the provisions of this chapter are hereby made legal investments for executors,
administrators, trustees and other fiduciaries and for savings banks and insurance companies
organized under the laws of the state. (Acts 1955, No. 493, p. 1116, §18.)...
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11-58-11
Section 11-58-11 Investment in bonds by savings banks and insurance companies. Bonds issued
under the provisions of this chapter shall be legal investments for savings banks and insurance
companies organized under the laws of this state. (Acts 1955, No. 516, p. 1160, §10.)...

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