11-89A-21
Section 11-89A-21 Dissolution of authority; vesting of title to authority's property. At any
time when an 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 with which the authority's certificate of incorporation is 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 properties shall, subject to any constitutional
prohibition or inhibitions to the contrary, thereupon vest in one or more counties or municipalities
in such manner and interests as may be provided in the said certificate of incorporation;
provided, however, that if said certificate of incorporation contains no provision respecting
the vesting of title to the properties of the authority, title to...
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11-47-219
Section 11-47-219 Authority and procedure for dissolution of authorities; vesting of title,
etc., to properties thereof upon dissolution. At any time when an 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 of the judge of probate with which the
authority's certificate of incorporation is 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
properties shall, subject to any constitutional provision or inhibitions to the contrary,
thereupon vest in one or more counties or municipalities in the manner and interests as may
be provided in the certificate of incorporation. Notwithstanding the foregoing, if the certificate
of incorporation contains no provision respecting the vesting of title...
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11-88-18
of its dissolution, the title to all its properties shall thereupon pass to and be divided
and apportioned among the determining 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 said certificate of incorporation, as amended, title
to real estate and tangible personal property, other than cash, shall vest in the county
in which the said 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 said cash and intangible
items as a tenant in common thereof, the fractional interest of each such...
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45-8-90
as security therefor its assets, and anticipated revenues; (8) to maintain civil actions and
have civil actions maintained against it and to defend civil actions against it; (9) to adopt
and alter bylaws for the regulation and conduct of its affairs and business; (10) to acquire,
receive, and take title to, by purchase, gift, lease, devise, or otherwise, to hold, keep,
and develop and to transfer, convey, lease, assign, or otherwise dispose of property of every
kind and character, real, personal, and mixed, and any and every interest therein,
located within the area of operation of the council, to any person; (11) to make, enter into,
and execute such contracts, agreements, leases, and other legal arrangements and to take such
steps and actions as may be necessary or convenient in the furtherance of any purpose or the
exercise of any power provided or granted to it by law; (12) to borrow money for any council
purpose, function, or use and to issue in evidence of the borrowing,...
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16-18-21
Section 16-18-21 Dissolution of authority and vesting of title to its properties. At any time
when the authority does not have any bonds outstanding and when there shall be no obligations
assumed by the authority that are then 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 in which the authority's original 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 thereupon vest in the determining
municipality. In the event the authority shall at any time have outstanding bonds issued hereunder
payable out of the revenues from various ancillary improvements, then, as and when the principal
of and the interest on all bonds payable, in whole or in...
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16-17-19
Section 16-17-19 Dissolution of authority and vesting of title to its properties. At any time
when the authority does not have any bonds outstanding and when there shall be no obligations
assumed by the authority that are then 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 in which the authority's original 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 thereupon vest in the determining
municipality. In the event the authority shall at any time have outstanding bonds issued hereunder
payable out of the revenues from various ancillary improvements, then, as and when the principal
of and the interest on all bonds payable, in whole or...
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22-21-339
Section 22-21-339 Dissolution of authority. At any time when the authority does not have any
securities outstanding, and when there shall be no other obligations assumed by the authority
that are then 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 in which the certificate
of incorporation of the authority was filed, 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, subject to any constitutional provision or inhibition
to the contrary, thereupon vest in one or more counties, municipalities, or educational institutions
in such manner and interests as may be provided in the said certificate of incorporation;
provided however, that if the said certificate of...
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45-25-250.13
at the time of its dissolution, the title to all its properties shall thereupon pass to and
be divided and apportioned among DeKalb 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 cash and intangible items as
a tenant in common thereof, the fractional interest of each such tenant in...
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45-29-140.14
at the time of its dissolution, the title to all its properties shall thereupon pass to and
be divided and apportioned among Fayette 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-29-140.14.htm - 2K - Match Info - Similar pages

45-36-252.13
at the time of its dissolution, the title to all its properties shall thereupon pass to and
be divided and apportioned among Jackson 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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