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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
16-65-10
Section 16-65-10 Investment in bonds. The State Treasurer may invest any idle or surplus moneys
of the state in bonds of the authority. The governing body of any county or municipality is
authorized in its discretion to invest any idle or surplus money held in its treasury in bonds
of the authority. Such bonds shall be legal investments for executors, administrators, trustees,
and other fiduciaries, unless otherwise directed by the court having jurisdiction of the fiduciary
relation or by the document that is the source of the fiduciary's authority, and for savings
banks and insurance companies organized under the laws of the state. (Acts 1997, No. 97-388,
p. 632, §10.)...
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22-23A-12
Section 22-23A-12 Investment in bonds of authority. The State Treasurer may invest any idle
or surplus moneys of the state in bonds of the authority. The governing body of any county
or municipality is authorized in its discretion to invest any idle or surplus money held in
its treasury in bonds of the authority. Such bonds shall be legal investments for executors,
administrators, trustees and other fiduciaries, unless otherwise directed by the court having
jurisdiction of the fiduciary relation or by the document that is the source of the fiduciary's
authority, and for savings banks and insurance companies organized under the laws of the state.
(Acts 1988, 1st Ex. Sess., No. 88-857, p. 338, §12.)...
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22-34-12
Section 22-34-12 Investment in authority bonds. The State Treasurer may invest any idle or
surplus moneys of the state in bonds of the authority. The governing body of any county or
municipality is authorized in its discretion to invest any idle or surplus money held in its
treasury in bonds of the authority. Such bonds shall be legal investments for executors, administrators,
trustees and other fiduciaries, unless otherwise directed by the court having jurisdiction
of the fiduciary relation or by the document that is the source of the fiduciary's authority,
and for savings banks and insurance companies organized under the laws of the state. (Acts
1987, No. 87-226, p. 317, §12.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-34-12.htm - 995 bytes - Match Info - Similar pages
11-9-4
Section 11-9-4 Investment of trust funds in warrants or certificates of indebtedness. Unless
otherwise directed by the court having jurisdiction thereof or by the document that is the
source of authority, a trustee, executor, administrator, guardian or one acting in any other
fiduciary capacity may, in addition to any other investment powers conferred by law and with
the exercise of reasonable business prudence, invest trust funds in warrants and certificates
of indebtedness issued under the provisions of this article. (Acts 1955, No. 263, p. 610,
§4.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-9-4.htm - 864 bytes - Match Info - Similar pages
24-1A-10
Section 24-1A-10 Bonds eligible for investment by state and local governments and by executors,
trustees, etc. The State Treasurer may invest any idle or surplus moneys of the state in bonds
of the authority. The governing body of any county or municipality is authorized in its discretion
to invest any idle or surplus money held in its treasury in bonds of the authority. Such bonds
shall be legal investments for executors, administrators, trustees and other fiduciaries,
unless otherwise directed by the court having jurisdiction of the fiduciary relation or by
the document that is the source of the fiduciary's authority, and for savings banks and insurance
companies organized under the laws of the state. (Acts 1980, No. 80-585, p. 899, §12.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-10.htm - 1K - Match Info - Similar pages
45-46-90.08
Section 45-46-90.08 Bonds of the authority. (a) All bonds issued by the authority shall be
signed by the chair of its board, or other chief executive officer, and attested by its secretary,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to the bonds of the authority shall be signed by the chair of its board, or other chief executive
officer; provided, that a facsimile of the signature of one, but not both, of the officers
may be printed or otherwise reproduced on any such bonds in lieu of his or her manually signing
the same, a facsimile of the seal of the authority may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto, and a facsimile of the signature
of the chair of its board, or other chief executive officer, may be printed or otherwise reproduced
on any such interest coupons in lieu of his or her manually signing the same. (b) Any such
bonds may be executed and delivered by the authority at...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46-90.08.htm - 5K - Match Info - Similar pages
11-86A-16
Section 11-86A-16 Application of proceeds from the sale of bonds; source of payment; pledge
of county's or municipality's credit; negotiability; exemption from taxation; pledge as security
for funds belonging to a public person; investment in bonds by fiduciaries; no public hearing
required; investment in bonds by Teachers' Retirement System of Alabama, the Employees' Retirement
System of Alabama, and the State Insurance Fund; investment in bonds by public persons. (a)
The proceeds from the sale of any bonds shall be applied as provided in the proceedings in
which the bonds are authorized to be issued, including, without limitation, the payment of
all legal, fiscal, and recording fees and expenses incurred in connection with the authorization,
sale, and issuance of the bonds and, if provided in the proceedings authorizing their issuance,
interest on the bonds (or if only a part of any issue of bonds is issued for acquisition purposes,
interest on that portion of the bonds of that issue...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-86A-16.htm - 3K - Match Info - Similar pages
11-92A-16
Section 11-92A-16 Use of bonds, proceeds, etc. (a) The proceeds from the sale of any bonds
shall be applied as provided in the proceedings in which the bonds are authorized to be issued,
including without limitation, the payment of all legal, fiscal, and recording fees and expenses
incurred in connection with the authorization, sale, and issuance of the bonds and, if so
provided in the proceedings authorizing their issuance, interest on said bonds (or if only
a part of any issue of bonds is issued for acquisition purposes, interest on that portion
of the bonds of that issue that is issued to pay acquisition costs) for a reasonable period
prior to and during the time required for the acquisition, construction, and equipping of
the project. An authority may provide in the proceedings authorizing the issuance of bonds
for the funding of a debt service reserve and/or a replacement and extension reserve from
the proceeds of its bonds. (b) All contracts made by an authority and all bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92A-16.htm - 3K - Match Info - Similar pages
10A-1-1.03
Section 10A-1-1.03 Definitions. As used in this title, unless the context otherwise requires,
the following terms mean: (1) AFFILIATE. A person who controls, is controlled by, or is under
common control with another person. An affiliate of an individual includes the spouse, or
a parent or sibling thereof, of the individual, or a child, grandchild, sibling, parent, or
spouse of any thereof, of the individual, or an individual having the same home as the individual,
or a trust or estate of which an individual specified in this sentence is a substantial beneficiary;
a trust, estate, incompetent, conservatee, protected person, or minor of which the individual
is a fiduciary; or an entity of which the individual is director, general partner, agent,
employee or the governing authority or member of the governing authority. (2) ASSOCIATE. When
used to indicate a relationship with: (A) a domestic or foreign entity for which the person
is: (i) an officer or governing person; or (ii) a beneficial...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-1.03.htm - 25K - Match Info - Similar pages
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