45-37-170.22
Section 45-37-170.22 Board of directors. (a) The board of directors of the authority shall
consist of 11 members residing in Jefferson County. Three members, two of whom shall reside
in the unincorporated areas of Jefferson County and one who shall reside in the Bessemer cutoff
area, shall be chosen for six, eight, and 10-year terms, respectively, commencing with their
appointment by the County Commission of Jefferson County; three members for six, eight, and
10-year terms commencing with their appointment by the governing body of the City of Birmingham;
three members each for four-year terms commencing with their appointment by the Jefferson
County Mayor's Association, or its successor; one member for a two-year term commencing with
the appointment by the Jefferson County Senate Delegation in the Legislature of Alabama; and
one member for a two-year term commencing with the appointment by the Jefferson County House
Delegation in the Legislature of Alabama. Upon completion of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-170.22.htm - 1K - Match Info - Similar pages

45-37-210
Section 45-37-210 Metropolitan Rapid Rail Study Commission. (a) There is created a rapid rail
authority in Jefferson County to be called the Metropolitan Rapid Rail Study Commission, hereinafter
referred to as the commission. The commission shall be a body corporate and politic, shall
be governed and managed as provided for in this section, and shall have the powers and duties
provided for by this section, and other applicable provisions of law. (b) The commission shall
be composed of five members as follows: (1) One member appointed by the Jefferson County State
Senate Delegation. (2) One member appointed by the Jefferson County State House Delegation.
(3) One member appointed by the Board of Directors of the Birmingham-Jefferson County Transit
Authority. (4) One member appointed by the Mayor of the City of Birmingham. (5) One member
appointed by the Jefferson County commissioner in charge of roads and transportation. (c)(1)
The members shall be appointed to four-year terms and may be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-210.htm - 5K - Match Info - Similar pages

10A-20-7.01
Section 10A-20-7.01 Definitions. For the purposes of this article, the following terms shall
have the meanings respectively ascribed to them by this section: (1) BOARD OF DIRECTORS. The
board of directors of the corporation created under this article. (2) CORPORATION. An Alabama
industrial development corporation created under this article. (3) FINANCIAL INSTITUTION.
Any banking, mortgaging corporation or trust company, savings and loan association, insurance
company or related corporation, partnership, foundation, pension funds or other institution
engaged primarily in lending or investing funds. (4) LOAN LIMIT. For any member, the maximum
amount permitted to be outstanding at one time on loans made by the member to the corporation,
as determined under the provision of this article. (5) MEMBER. Any financial institution authorized
to do business within this state which shall undertake to lend money to a corporation created
under this article, upon its call and in accordance with the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-7.01.htm - 1K - Match Info - Similar pages

10A-2A-1.45
Section 10A-2A-1.45 Definitions. In this article: (1) "Corporate action" means any
action taken by or on behalf of the corporation, including any action taken by the incorporator,
the board of directors, a committee of the board of directors, an officer or agent of the
corporation or the stockholders. (2) "Date of the defective corporate action" means
the date (or the approximate date, if the exact date is unknown) the defective corporate action
was purported to have been taken. (3) "Defective corporate action" means (i) any
corporate action purportedly taken that is, and at the time such corporate action was purportedly
taken would have been, within the power of the corporation, but is void or voidable due to
a failure of authorization, and (ii) an overissue. (4) "Failure of authorization"
means the failure to authorize, approve, or otherwise effect a corporate action in compliance
with the provisions of this chapter, the certificate of incorporation or bylaws, a corporate
resolution,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-1.45.htm - 3K - Match Info - Similar pages

10A-2A-6.01
Section 10A-2A-6.01 Authorized stock. (a) The certificate of incorporation must set forth any
classes of stock and series of stock within a class, and the number of shares of stock of
each class and series, that the corporation is authorized to issue. If more than one class
or series of stock is authorized, the certificate of incorporation must prescribe a distinguishing
designation for each class or series and, before the issuance of stock of a class or series,
describe the terms, including the preferences, rights, and limitations, of that class or series.
Except to the extent varied as permitted by this section, all shares of stock of a class or
series must have terms, including preferences, rights, and limitations, that are identical
with those of other shares of stock of the same class or series. (b) The certificate of incorporation
must authorize: (1) one or more classes or series of stock that together have full voting
rights, and (2) one or more classes or series of stock (which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-6.01.htm - 3K - Match Info - Similar pages

10A-3-4.01
Section 10A-3-4.01 Procedure to amend certificate of formation of a nonprofit corporation.
(a) Amendments to the certificate of formation of a nonprofit corporation shall be made in
the following manner: (1) If there are members entitled to vote thereon, the board of directors
shall adopt a resolution setting forth the proposed amendment and directing that it be submitted
to a vote at a meeting of members entitled to vote thereon, which may be either an annual
or a special meeting. Written notice setting forth the proposed amendment or a summary of
the changes to be effected thereby shall be given to each member entitled to vote at the meeting
within the time and in the manner provided in this chapter for the giving of notice of meetings
of members. The proposed amendment shall be adopted upon receiving at least two-thirds of
the votes entitled to be cast by members present or represented by proxy at the meeting. (2)
If there are no members, or no members entitled to vote thereon, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-3-4.01.htm - 1K - Match Info - Similar pages

11-86A-10
Section 11-86A-10 Members of the board of directors; terms; meetings; removal from office.
(a) Except as provided in Section 11-86A-6, the board of directors shall be composed of the
number of directors provided for in the articles, appointed as provided in the articles for
the terms designated therein. (b) All directors shall serve until their successors are appointed
or until they cease to be qualified. Vacancies on the board of directors shall be filled as
provided for in the articles, but any person appointed to fill a vacancy shall serve only
for the unexpired portion of the term. In the event any uncertainty arises as to the terms
of office of a director, the governing body or person authorized to appoint a director to
the board of directors may clarify the term by adoption of an appropriate resolution or by
execution of an appropriate certificate. (c) A majority of the directors shall constitute
a quorum for the transaction of business, but any meeting of the board of directors...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-86A-10.htm - 2K - Match Info - Similar pages

11-92A-10
Section 11-92A-10 Directors. (a) Except as provided in Section 11-92A-5, the board of directors
shall be composed of the number of directors provided for in the articles, appointed as provided
in the articles for the terms designated therein. (b) All directors shall serve until their
successors are duly appointed or until they cease to be qualified. Vacancies on the board
of directors shall be filled as provided for in the articles, but any person appointed to
fill a vacancy shall serve only for the unexpired portion of the term. In the event any uncertainty
arises as to the terms of office of the directors, the governing body or person authorized
to appoint such directors to the board of directors may clarify such term by adoption of an
appropriate resolution or by execution of an appropriate certificate, and such term of office
shall be as so clarified. (c) A majority of the directors shall constitute a quorum for the
transaction of business, but any meeting of the board of directors...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92A-10.htm - 2K - Match Info - Similar pages

22-21-358
Section 22-21-358 Powers of authorities. In addition to all other powers at any time conferred
on it by law, and subject to any express provisions of its certificate of incorporation or
certificate of reincorporation to the contrary, an authority shall (to the extent at the time
not prohibited by the Constitution of Alabama) have the following powers, together with all
powers incidental thereto or necessary to the discharge thereof in corporate form: (1) To
participate as a shareholder in a corporation, as a joint venturer in a joint venture, as
a general or limited partner in a limited partnership or a general partnership, as a member
in a nonprofit corporation or as a member of any other lawful form of business organization,
which provides health care or engages in activities related thereto; (2) To make or arrange
for loans, contributions to capital and other debt and equity financing for the activities
of any corporation of which such authority is a shareholder, any joint venture...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-358.htm - 5K - Match Info - Similar pages

25-5-255
Section 25-5-255 Insolvency fund. Upon receipt of the funds assessed on members, the association
may set aside funds for the administration of its affairs, and the balance of the funds shall
be deposited to an insolvency fund under the following terms: (1) The fund is created for
the purpose of assuring payment of workers' compensation claims against members of the association
who become insolvent; but only those claims which accrue while the insolvent employer is a
member of the association and accrue prior to the determination of insolvency or within 30
days thereafter. The obligation of the fund shall be limited to the obligation of the insolvent
employer under the Workers' Compensation Act, in an amount not to exceed 150 percent of the
amount of security as determined by the department as of the last annual financial review.
The fund shall have all defenses of and shall be subrogated to all rights of the insolvent
employer. The fund shall not be liable for any penalties or interest...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-255.htm - 2K - Match Info - Similar pages