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11-64-4
Section 11-64-4 Securities; maturity; total principal amount; denomination and tenor; execution;
coupons for interest. Securities issued under the authority of this chapter shall mature at
such time or times as the governing body of the issuer shall determine, not later than the
date on which the last installment of the grant is reasonably expected to be received. The
total principal amount of securities which may be issued in respect of a grant shall not exceed
the reasonably estimated proceeds of the grant. The determination of the governing body of
the issuer of the date on which the last installment of the grant will be received and the
amounts of the proceeds of any grant to be received shall be conclusive. Securities issued
under the authority of this chapter shall be of such denomination and tenor, shall contain
such covenants and restrictions and provisions and shall be payable at such place or places,
within or without the state, as the governing body of the issuer shall...
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11-89A-2
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 construction, acquisition, alteration, enlargement,
extension, reconstruction, improvement, and remodeling of a facility, including all lands,
structures, real or personal property, rights, rights-of-way, franchises, easements,
permits, approvals, licenses, and certificates and interests acquired or used for, in connection
with or with respect to a facility, the cost of demolishing or removing any buildings or structures
on land so acquired, including the cost of acquiring lands to which such buildings or structures
may be moved, the cost of all machinery and equipment, financing charges, underwriters' commissions
or discounts, interest prior to, during, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89A-2.htm - 7K - Match Info - Similar pages
11-89C-3
Section 11-89C-3 Public corporation - Procedure for incorporation. (a) Three or more natural
persons who are either the mayor of a municipality or the chair of a county governing body
of a county or counties in which a municipality is wholly or partially situated, may file
with their respective governing bodies a written application to incorporate a public corporation
pursuant to this chapter. If each of the governing bodies adopts a resolution declaring that
the formation of a public corporation is wise, expedient, and necessary, and approves the
proposed certificate of incorporation, the incorporators shall proceed to incorporate the
public corporation pursuant to this chapter by executing and filing for record in either the
office of the judge of probate of the participating county having the largest population according
to the last federal decennial census, or, if there is not a participating county, in any county
in which the municipality with the largest population according to...
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22-21-132
Section 22-21-132 Incorporation - Application; resolution. Whenever any number of natural persons,
not less than three, shall file with the governing body an application in writing for permission
to incorporate a public corporation under the provisions of this article, if it shall be made
to appear to the governing body that each of the said persons is a duly qualified elector
of, and property owner in, the municipality and if the governing body shall duly adopt a resolution
wherein it shall be declared that it will be wise, expedient and necessary that such a public
corporation be formed and that the persons filing such application shall be authorized to
proceed to form such public corporation, then the said persons shall become the incorporators
of and shall proceed to incorporate the authority in the manner provided in this article.
No corporation shall be formed under this article unless the application provided for in this
section shall be made and unless the resolution provided...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-132.htm - 1K - Match Info - Similar pages
4-3-45
Section 4-3-45 Board of directors of authority. Each authority shall be governed by a board
of directors of either three, five, or seven members as provided in the certificate of incorporation
or the bylaws. If the sole authorizing subdivision is a county, the county commission of the
county shall elect all directors. If the sole authorizing subdivision is a municipality, the
governing body of such municipality shall elect all directors. The directors initially elected
shall be elected for terms of office of two, four, and six years, respectively, and their
successors shall be elected for terms of six years. If a county and a municipality are both
authorizing subdivisions, the governing body of the municipality shall elect one director
for an initial term of two years if three directors are to be elected, and one director for
an initial term of two years and one director for an initial term of four years if five directors
are to be elected, and one for an initial term of two years and...
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11-57-6
Section 11-57-6 Board of directors; record of proceedings of board. The authority shall have
a board of directors composed of the number of directors provided in the certificate of incorporation.
All powers of the authority shall be exercised by the board or pursuant to its authorization.
The directors shall be residents of the municipality and shall be elected by the governing
body for staggered terms of office as follows: The first term of one third of the directors
shall be two years; the first term of the second one third of the directors shall be four
years and the first term of the remaining one third of the directors shall be six years. Upon
the expiration of the initial term of each director, each subsequent term shall be six years.
If any director resigns, dies, becomes incapable of acting as a director, or ceases to reside
in the municipality, the governing body shall elect a successor to serve for the unexpired
portion of his term of office. Directors shall be eligible to...
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11-94-6
Section 11-94-6 Certificate of incorporation - Amendment procedure; recordation of amendment
as conclusive evidence. The certificate of incorporation may at any time and from time to
time be amended so as to make any changes therein and add any provisions thereto which might
have been included in the certificate of incorporation in the first instance. Such an amendment
shall be effected in the following manner: The board of the authority shall file with the
governing body of each authorizing subdivision a resolution seeking permission to amend the
certificate of incorporation, specifying in such resolution the amendment proposed to be made.
The governing body of each authorizing subdivision shall consider such resolution and, if
each of them shall by appropriate resolution duly find and determine that it is wise, expedient,
necessary, or advisable that the proposed amendment be made and shall authorize the same to
be made and shall approve the form of the proposed amendment, then the...
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22-21-135
Section 22-21-135 Board of directors. (a) The authority shall have a board of directors composed
of the number of directors provided in the certificate of incorporation, as most recently
amended. All powers of the authority shall be exercised by the board or pursuant to its authorization.
The directors shall be residents of the municipality (except, that any director required to
be elected from among persons nominated by the county commission need not be a resident of
the municipality, but must be a resident of the county) and shall be elected by the governing
body for staggered terms of office. In order to accomplish this purpose, the governing body
shall, at the time of the election of the first board, divide the board into three groups
containing as near equal whole numbers as possible. The first term of board members included
in the first group shall be two years, the first term of the board members included in the
second group shall be four years and the first term of the board...
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41-10-141
by all of the directors of the authority setting forth the details of the amendment, such certificate
to be acknowledged in the same manner as the certificate of incorporation; (5) To adopt and
alter bylaws for the regulation and conduct of its affairs and business; (6) 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 authority, to any person; (7) To undertake and to make or cause
to be made, either singly or in conjunction and cooperation with others, appropriate studies,
surveys, arrangements, undertakings and construction designs and plans and supervision having
to do, directly or indirectly, with the restoration, renovation, preservation, improvement,
protection or maintenance of, or interest in, any public or...
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45-46-90.01
This article as an entirety and not solely to the particular section or portion thereof in
which any such word is used. (13) INCORPORATORS. The persons forming a public corporation
organized pursuant to this article. (14) MUNICIPALITY. An incorporated city or town in Marengo
County, Alabama. (15) PERSON. Unless limited to a natural person by the context in which it
is used, includes a public or private corporation, a municipality, the county, or an agency,
department, or instrumentality of the state or of the county or of a municipality therein.
(16) PRINCIPAL OFFICE. The place at which the certificate of incorporation and amendments
thereto, the by-laws, and the minutes of the proceedings of the board of an authority are
kept. (17) PROPERTY. Includes real and personal property, and interests therein. (18)
STATE. The State of Alabama. (b) The definitions set forth in this section shall be deemed
to include both singular and plural and to cover all genders. (Act 86-547, p. 1106, ยง 2.)...
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