37-6-3
Section 37-6-3 Enumerated powers. A cooperative shall have the power: (1) To sue and be sued
in its corporate name. (2) To adopt a corporate seal and alter the same at its pleasure. (3)
To generate, manufacture, purchase, acquire and transmit electric energy and to distribute,
sell, supply and dispose of electric energy to its members, to governmental agencies and political
subdivisions and to other persons; provided, however, that should a cooperative acquire any
electric facilities dedicated or devoted to the public use, it may continue to serve the persons
served directly from such facilities at the time of such acquisition without requiring that
such persons become members, and, provided further, that such nonmembers shall have the right
to become members upon nondiscriminatory terms. Cooperatives may not condition membership
or provision of service on compliance by the member with requirements not directly related
to the electric or other service to be provided by the cooperative....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-6-3.htm - 19K - Match Info - Similar pages

41-10-32
Section 41-10-32 Dissolution of authority; title to property of authority to vest in state
upon dissolution of authority. At any time when no bonds of the authority are outstanding,
the authority may be dissolved upon the filing with the Secretary of State of an application
for dissolution, which shall be subscribed by each of the members of the authority and sworn
to by each such member before an officer authorized to take acknowledgments to deeds. Upon
the filing of such application for dissolution, the authority shall cease to exist. The Secretary
of State shall file and record the application 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 such certificate with the application for dissolution.
Title to all property held in the name of the authority shall be vested in the state upon
dissolution of the authority. (Acts 1965, No. 662, p. 1187,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-32.htm - 1K - Match Info - Similar pages

11-81-64
Section 11-81-64 Bonds for refunding or funding of bonds outstanding - Authority for issuance;
sale or exchange; rights, etc., of holders thereof. The governing body of any municipality
may, without any election, issue bonds of the municipality for the purpose of refunding a
like or greater face amount of the principal of any matured or unmatured bonds of such municipality
then outstanding whether the bonds to be refunded belong to one class or to two or more classes
or to one issue or to two or more issues. The proceedings authorizing any refunding bonds
shall clearly identify the bonds to be refunded thereby. Without limiting the generality of
any of the foregoing, it is specifically declared that serial bonds shall be included in the
classes and issues of bonds which may be refunded hereunder. Bonds which any municipality
is legally obligated to pay, although not issued in the name of such municipality, shall be
considered bonds of such municipality for the purposes of this section....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-64.htm - 3K - Match Info - Similar pages

16-17-8
Section 16-17-8 Location of ancillary improvements. Any ancillary improvements of the authority
may be located within or without or partially within and partially without the determining
municipality, subject to the following conditions: (1) No such ancillary improvements, or
part thereof, shall be located more than 15 miles from the corporate limits of the determining
municipality; (2) In no event shall any ancillary improvements or part thereof be located
within the corporate limits or the police jurisdiction of a municipality in this state other
than the determining municipality, unless the governing body of such other municipality has
first adopted a resolution consenting to the location of such ancillary improvements or part
thereof in the corporate limits or in the police jurisdiction of such municipality; and (3)
No such ancillary improvements or part thereof shall be located in a county other than that
(or those) in which the determining municipality (or part thereof) is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17-8.htm - 1K - Match Info - Similar pages

16-18-8
Section 16-18-8 Location of ancillary improvements. Any ancillary improvements of the authority
may be located within or without or partially within and partially without the determining
municipality, subject to the following conditions: (1) No such ancillary improvements, or
part thereof, shall be located more than 15 miles from the corporate limits of the determining
municipality; (2) In no event shall any ancillary improvements or part thereof be located
within the corporate limits or the police jurisdiction of a municipality in this state other
than the determining municipality, unless the governing body of such other municipality has
first adopted a resolution consenting to the location of such ancillary improvements or part
thereof in the corporate limits or in the police jurisdiction of such municipality; and (3)
No such ancillary improvements or part thereof shall be located in a county other than that
(or those) in which the determining municipality (or part thereof) is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18-8.htm - 1K - Match Info - Similar pages

11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution; bond resolution
covenants. (a) The authority shall, prior to the adoption by the board of a resolution authorizing
the issuance of any bonds, enter into one or more contracts with two or more municipalities
which are authorized to contract with the authority pursuant to Section 11-50A-17. Any resolution
of the board authorizing the issuance of bonds may authorize those bonds to be issued in more
than one series, and the issuance of each series of bonds so authorized by that resolution
need not be preceded by the entering into by the authority of additional contracts pursuant
to Section 11-50A-17. (b) The board may by resolution or resolutions authorize the issuance
of bonds. Unless otherwise provided therein, the resolution or resolutions shall take effect
immediately and need not be published or posted. The board may authorize such types of bonds
as it may determine, subject only to any agreement with...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-9.htm - 8K - Match Info - Similar pages

11-95-19
Section 11-95-19 Dissolution of corporation; passage of title to property of corporation. At
any time when a corporation has no bonds or other obligations outstanding, its board may adopt
a resolution, which shall be duly entered upon its minutes, declaring that the corporation
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 corporation's certificate of incorporation is
filed, 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 properties shall thereupon pass to the
authorizing subdivisions as tenants in common. (Acts 1981, No. 81-338, p. 480, §19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-95-19.htm - 1K - Match Info - Similar pages

11-61A-24
Section 11-61A-24 Dissolution. When no bonds of the authority are outstanding, the authority
may be dissolved upon the filing with the judge of probate, in the county in which is filed
the certificate of incorporation, an application for dissolution. The application for dissolution
shall be subscribed by each member of the board and sworn to by each member before an officer
authorized to take acknowledgments to deeds. Upon the filing of an application for dissolution,
the authority shall cease to exist. The judge of probate shall receive and record the application
for dissolution in an appropriate book of record in his or her office. Upon dissolution, all
rights, title, and interest of the authority in property shall be vested in the municipality.
(Acts 1994, No. 94-254, p. 470, §24.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-61A-24.htm - 1K - Match Info - Similar pages

11-92A-22
Section 11-92A-22 Dissolution of authority. (a) At any time when no bonds of an authority are
outstanding, an authority may be dissolved by the adoption by its board of directors of a
resolution recommending its dissolution and the approval of such dissolution and the proposed
articles of dissolution by the governing body of each county within an authority's authorized
operational area by the adoption of a resolution to the effect that the governing body of
such county concurs with the proposed dissolution of the authority. All counties within the
authorized operational area of an authority must approve the articles of dissolution of an
authority, or such articles of dissolution shall be invalid. Such resolution need not be published
or posted and need not be offered for more than one reading. Upon receiving necessary approval
under this section, the chairman and secretary of the dissolved authority shall execute articles
of dissolution reciting that such resolutions have been adopted...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92A-22.htm - 1K - Match Info - Similar pages

11-50-237
Section 11-50-237 Execution, sale, etc., of bonds and refunding bonds of corporation generally;
terms, denominations, etc., thereof; charge, application, etc., of revenues from systems to
payment of bonds, etc., generally; vesting of title to systems in municipality and dissolution
of corporation upon payment of bonds in full. (a) All bonds issued by any corporation organized
under this division shall be signed by the chairman of its board of directors or other chief
executive officer and attested by its secretary, and the seal of such corporation shall be
affixed thereto. Any interest coupons applicable to the bonds of such corporation shall be
signed by the chairman of the board of directors or other chief executive officer, but a facsimile
of such signature may be impressed on any such interest coupon in lieu of his manually signing
the same. Any such bonds may be executed and delivered by such corporation at any time and
from time to time, shall be in such form and denominations...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-237.htm - 4K - Match Info - Similar pages