11-89A-2
Section 11-89A-2 Definitions. The following words and phrases used in this chapter, and others
evidently intended as the equivalent thereof, shall, in the absence of a clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of any county or
municipality in accordance with the provisions of Section 11-89A-3. (2) AUTHORITY. Any public
corporation organized pursuant to the provisions of this chapter. (3) AUTHORIZING RESOLUTION.
A resolution or ordinance adopted by the governing body of any county or municipality in accordance
with the provisions of Section 11-89A-3, that authorizes the incorporation of an authority.
(4) BOARD. The board of directors of an authority. (5) BONDS. Bonds, notes, or other obligations
representing an obligation to pay money. (6) COSTS. As applied to a facility or any portion
thereof, such term shall include all or any part of the cost of...
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41-10-37
Section 41-10-37 Allocation procedure. Allocations of the state ceiling shall be granted by
the authority in response to applications filed with the authority by any issuer in the following
manner: (1) Each application shall be made by an instrument in writing signed by an officer
or agent of the issuer and shall contain (i) the names and addresses of the issuer, the proposed
lessee, purchaser or user of the project to be financed (if applicable), and bond counsel,
(ii) the maximum principal amount of affected bonds proposed to be issued, (iii) a brief description
of the project to be financed, and (iv) a brief description of the affected bonds proposed
to be issued, identifying such bonds as "Exempt Facility Bonds," "Qualified
Mortgage Bonds", "Qualified Small Issue Bonds" (and if "Qualified Small
Issue Bonds," further indicating whether the project to be financed constitutes a "Manufacturing
Facility"), "Qualified Student Loan Bonds," or "Qualified Redevelopment
Bonds." In addition,...
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11-62-5
Section 11-62-5 Board of directors. (a) Every authority shall be governed by a board of directors.
All powers of the authority shall be exercised by the board or pursuant to its authorization.
The board shall consist of three directors elected in the manner hereinafter prescribed, as
soon as may be practicable after the organization of the authority, by the governing body
of the determining municipality for staggered terms as follows: The first term of one director
shall begin immediately upon his election and shall end at noon on the second Monday of November
of the next succeeding odd-numbered calendar year following his election; the first term of
another director shall begin immediately upon his election and shall end at noon on the second
Monday of November of the second succeeding odd-numbered calendar year following his election;
and the first term of the remaining director shall begin immediately upon his election and
shall end at noon on the second Monday of November of the...
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11-97-6
Section 11-97-6 Board of directors of corporation; election; terms of office; vacancies; qualifications;
expenses; impeachment. (a) Each corporation shall be governed by a board of directors. All
powers of the corporation shall be exercised by the board or pursuant to its authorization.
The board shall consist of three directors who shall be elected by the governing body of the
determining subdivision for staggered terms as hereinafter provided. The governing body of
the determining subdivision shall specify for which term each director is elected. The initial
term of office of one director shall begin immediately upon his election and shall end at
12:01 o'clock, A.M., on January 1 of the first succeeding odd-numbered calendar year following
his election. The initial term of office of another director shall begin immediately upon
his election and shall end at 12:01 o'clock, A.M., on January 1 of the second succeeding odd-numbered
calendar year following his election. The initial term...
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16-17-5
Section 16-17-5 Board of directors. Each authority shall be governed by a board of directors.
All powers of the authority shall be exercised by the board or pursuant to its authorization.
The board shall consist of three directors elected, as soon as may be practicable after the
organization of the authority, by the governing body of the determining municipality for staggered
terms as follows: The first term of one director shall begin immediately upon his election
and shall end at noon on the second Monday of November of the next succeeding odd-numbered
calendar year following his election; the first term of another director shall begin immediately
upon his election and shall end at noon on the second Monday of November of the second succeeding
odd-numbered calendar year following his election; and the first term of the remaining director
shall begin immediately upon his election and shall end at noon on the second Monday of November
of the third succeeding odd-numbered calendar year...
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16-17A-23
Section 16-17A-23 Dissolution of authority. (a) At any time when an authority does not have
any indebtedness or other contractual or legal obligations outstanding, an authority may be
dissolved by filing articles of dissolution with the Secretary of State, but only with the
approval of both the board of the authority and the sponsoring university in the manner provided
in this section. (b) In order to dissolve an authority, the following steps shall be completed:
(1) The board shall first adopt a resolution proposing dissolution of the authority. (2) After
the adoption by the board of a resolution approving articles of dissolution, the authority
shall file with the sponsoring university a written request to the sponsoring university for
adoption of a resolution approving dissolution of the authority. (3) As promptly as may be
practicable after the receipt of the application from the authority, the sponsoring university
shall review the application, and its governing body shall adopt a...
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16-18-5
Section 16-18-5 Board of directors. Each authority shall be governed by a board of directors.
All powers of the authority shall be exercised by the board or pursuant to its authorization.
The board shall consist of three directors elected, as soon as may be practicable after the
organization of the authority, by the governing body of the determining municipality for staggered
terms as follows: The first term of one director shall begin immediately upon his election
and shall end at noon on the second Monday of November of the next succeeding odd-numbered
calendar year following his election; the first term of another director shall begin immediately
upon his election and shall end at noon on the second Monday of November of the second succeeding
odd-numbered calendar year following his election; and the first term of the remaining director
shall begin immediately upon his election and shall end at noon on the second Monday of November
of the third succeeding odd-numbered calendar year...
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4-3-2
Section 4-3-2 Procedure for incorporation. Pursuant to the provisions of this article, airport
authorities may be organized as public corporations with the powers herein set forth. To organize
such a corporation, not less than three natural persons shall file with the governing body
of any one or more counties, cities or towns within this state an application in writing for
permission to incorporate a public corporation under the provisions of this article and shall
attach to such application a proposed form of certificate of incorporation for such corporation.
If each governing body with which the application is filed shall adopt a resolution (which
need not be published or posted) approving the form of such certificate of incorporation and
authorizing the formation of such a public corporation, then said applicants shall become
the incorporators of and shall proceed to incorporate the authority as a public corporation
in the manner hereinafter provided, using for that purpose the...
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45-23A-91.06
Section 45-23A-91.06 Board of directors. Each authority shall be governed by a board of directors.
All powers of the authority shall be exercised by the board or pursuant to its authorization.
The board shall consist of seven directors who shall be elected by the governing body of the
city for staggered terms as hereinafter provided. The governing body of the city shall specify
for which term each director is elected. The initial terms of office of two directors shall
be two years each. The initial terms of office of two directors shall be four years each.
The initial terms of office of three directors shall be six years. Thereafter, the term of
office of each such director shall be six years. If at the expiration of any term of office
of any director, a successor thereto shall not have been elected, then the director whose
term of office shall have expired shall continue to hold office until his or her successor
shall be so elected. If at any time there should be a vacancy on the...
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45-27A-31.06
Section 45-27A-31.06 Board of directors. Each authority shall be governed by a board of directors.
All powers of the authority shall be exercised by the board or pursuant to its authorization.
The board shall consist of seven directors who shall be elected by the governing body of the
city for staggered terms as hereinafter provided. The governing body of the city shall specify
for which term each director is elected. The initial terms of office of two directors shall
be two years each. The initial terms of office of two directors shall be four years each.
The initial term of office of three directors shall be six years. Thereafter, the term of
office of each such director shall be six years. If at the expiration of any term of office
of any director, a successor thereto shall not have been elected, then the director whose
term of office shall have expired shall continue to hold office until his or her successor
shall be so elected. If at any time there should be a vacancy on the...
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