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23-1-155
Section 23-1-155 Powers. The corporation shall have all of the following powers: (1)
To have perpetual succession by its corporate name unless sooner dissolved pursuant to Section
23-1-160. (2) To maintain actions and have actions maintained against it and to prosecute
and defend in any court having jurisdiction of the subject matter and of the parties. (3)
To have and to use a corporate seal and to alter the same at pleasure. (4) To construct, reconstruct,
and relocate, or to cause to be constructed, reconstructed, and relocated, public roads, bridges,
and approaches thereto, tunnels, and other public roadway improvements, including work incidental
or related thereto, in the State of Alabama. (5) To acquire by purchase, gift or condemnation
or any other lawful means and to convey, or cause to be conveyed, any real, personal, or mixed
property or materials necessary or convenient in connection with the construction, reconstruction,
or relocation of public roads, bridges and approaches...
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40-15B-3
Section 40-15B-3 Apportionment by will or other dispositive instrument. (a) Except as
otherwise provided in subsection (c), the following rules apply: (1) To the extent that a
provision of a decedent's will expressly and unambiguously directs the apportionment of an
estate tax, the tax must be apportioned accordingly. (2) Any portion of an estate tax not
apportioned pursuant to paragraph (1) must be apportioned in accordance with any provision
of a revocable trust of which the decedent was the settlor which expressly and unambiguously
directs the apportionment of an estate tax. If conflicting apportionment provisions appear
in two or more revocable trust instruments, the provision in the most recently dated instrument
prevails. For purposes of this paragraph: (A) a trust is revocable if it was revocable immediately
after the trust instrument was executed, even if the trust subsequently becomes irrevocable;
and (B) the date of an amendment to a revocable trust instrument is the date of...
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40-9-14.1
Section 40-9-14.1 Certificates of exemption to governmental entities, contractors, etc.,
for certain tax exempt projects. (a) For the purposes of this section, the term governmental
entity means the State of Alabama and its political subdivisions, including a county, a municipality,
an industrial or economic development board or authority, and any public water or sewer authority,
district, system, or board that otherwise is sales and use tax exempt. A governmental entity
shall also include an educational institution of any of the foregoing Alabama political subdivisions
including a public college or university, a county or city board of education, and the State
Board of Education. (b)(1) The Department of Revenue shall issue a certificate of exemption
to the governmental entity for each tax exempt project. (2) The Department of Revenue shall
grant a certificate of exemption from state and local sales and use taxes to any contractor
licensed by the State Licensing Board for General...
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5-18-10
Section 5-18-10 Examinations of licensees; investigations; enforcement powers of supervisor.
(a) Annual examinations of licensees. At least once each year and at such other time as may
be deemed necessary by the Supervisor of the Bureau of Loans, an examination shall be made
of the place of business of each licensee and of the loans, transactions, books, papers, and
records of the licensee so far as they pertain to the business licensed under this chapter.
As cost of examination, the licensee shall pay to the Bureau of Loans the actual cost of each
examination, the amount of which shall be reasonably prescribed under rules and regulations
promulgated by the Superintendent of Banks; provided, however, the cost for each day of examination
by each examiner shall not exceed eight times the average hourly rate for auditing purposes
as charged by three recognized certified public accountancy firms in the City of Montgomery,
Alabama. In addition thereto, the licensee shall pay as per diem the...
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9-17-33
Section 9-17-33 Disposition of proceeds from sale of oil or gas production. (a) As used
in this section, the following terms shall have the following meanings: (1) CHECK STUB.
The financial record attached to a check, included with a check, or mailed separately at or
near the time the check is mailed. (2) DIVISION ORDER. A contract between the interest owner
and the purchaser, operator, or the owner of the right to drill and to produce, directing
the distribution of the value from the sale of the oil, gas, and other liquid hydrocarbons
in the proportions set out in the division order, which division order is prepared by the
purchaser, operator, and/or the owner of the right to drill and to produce on the basis of
the ownership shown in a title opinion prepared after examination of abstracts or based on
other generally acceptable legal ownership documentation and which is executed by the interest
owners or others having an interest in the production. (3) INTEREST OWNER. A person owning...
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11-51-90
Section 11-51-90 Municipal business licenses; branch offices; application. (a) All municipalities
shall have the following powers: (1) To license any exhibition, trade, business, vocation,
occupation, or profession not prohibited by the Constitution or laws of the state which may
be engaged in or carried on in the municipality. (2) To fix the amount of licenses, the time
for which they are to run, not exceeding one license year, to provide a penalty for doing
business without a license, and to charge a fee not exceeding ten dollars ($10) for issuing
each license. The issuance fee shall be increased every five license years by the Department
of Revenue by an amount equal to the percentage increase, if any, in the U.S. Department of
Labor's Producer Price Index during that five-year period, rounded to the nearest dollar,
with the base year being 2006. The Department of Revenue shall notify all municipalities and
the Alabama League of Municipalities of any such fee increase no later than...
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23-1-158
Section 23-1-158 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other
than refunding bonds, issued by the corporation, remaining after paying the expenses of their
issuance, shall be turned in to the Treasury or shall be deposited into such account or accounts
as specified in the resolution of the board of directors whereunder such bonds are authorized
to be issued, and shall be subject to be drawn on upon the approval of the Department of Transportation
solely for the purpose of constructing, reconstructing, and relocating public roads, bridges
and approaches thereto, tunnels, other public roadway improvements, or work incidental or
related thereto, in the State of Alabama, including the acquisition of property necessary
for such construction, reconstruction, and relocation and incidental and related work. If
action is necessary in order to comply with any federal legislation relating to federal aid
in construction of roads, the corporation may authorize the...
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41-4-97
Section 41-4-97 Annual report by certain state agencies regarding receipt of federal
funds. (a) For the purposes of this section, the following terms shall have the following
meanings: (1) FEDERAL RECEIPTS. Federal financial assistance received or administered from
federal entities in the form of grants, loans, loan guarantees, property, cooperative agreements,
interest subsidies, insurance, food commodities, direct appropriations, other assistance,
and amounts received as reimbursement for services rendered to individuals, that is reported
as part of a single audit. (2) SINGLE AUDIT. An audit, as described under 31 U.S.C. ยง 7502(d),
of a non-federal entity that includes the entity's financial statements and federal awards.
(3) STATE AGENCY. An agency, department, authority, bureau, commission, or other administrative
office of the state, including the legislative and judicial branches of state government.
This term does not include a professional licensing board of the state. (b) A...
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6-12-2
Section 6-12-2 Definitions. As used in this chapter, the following terms shall have
the following meanings: (1) ADJUSTED FOR INFLATION. Increased in accordance with the formula
for inflation adjustment set forth in Exhibit C to the Master Settlement Agreement. (2) AFFILIATE.
A person who directly or indirectly owns or controls, is owned or controlled by, or is under
common ownership or control with, another person. Solely for purposes of this definition,
the terms "owns," "is owned," and "ownership" mean ownership
of an equity interest, or the equivalent thereof, of ten percent or more, and the term "person"
means an individual, partnership, committee, association, corporation, or any other organization
or group of persons. (3) ALLOCABLE SHARE. Allocable share as that term is defined in the Master
Settlement Agreement. (4) CIGARETTE. Any product that contains nicotine, is intended to be
burned or heated under ordinary conditions of use, and consists of or contains (i) any roll
of...
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27-14-3
Section 27-14-3 Insurable interest - Personal insurance; preneed contracts. (a) Insurable
interest with reference to personal insurance is an interest based upon a reasonable expectation
of pecuniary advantage through the continued life, health, or bodily safety of another person
and consequent loss by reason of his or her death or disability or a substantial interest
engendered by love and affection in the case of individuals closely related by blood or by
law. (b) An individual has an unlimited insurable interest in his or her own life, health,
and bodily safety and may lawfully take out a policy of insurance on his or her own life,
health, or bodily safety and have the same made payable to whomsoever he or she pleases, regardless
of whether the beneficiary so designated has an insurable interest. (c) A corporation, foreign
or domestic, has an insurable interest in the life or physical or mental ability of any of
its directors, officers, or employees, or the directors, officers, or...
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