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11-81-21
Section 11-81-21 Investment of funds obligation in which sinking funds may be invested. Any
municipal funds or county funds not presently needed for other purposes may be invested in
any obligations in which sinking funds are now authorized to be invested, pursuant to Section
11-81-19, and in addition in any of the following: (1) Direct obligations of (including obligations
issued or held in book entry form on the books of) the Department of the Treasury of the United
States of America; (2) Obligations of any of the following federal agencies, which obligations
represent the full faith and credit of the United States of America: a. Farmers Home Administration.
b. General Services Administration. c. U. S. Maritime Administration. d. Small Business Administration.
e. Government National Mortgage Association (GNMA). f. U. S. Department of Housing and Urban
Development (HUD). g. Federal Housing Administration (FHA). (3) U. S. dollar denominated deposit
accounts and certificates of deposit...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-21.htm - 6K - Match Info - Similar pages
14-2-26
Section 14-2-26 Kilby property - Sale or lease by authority. (a) The authority shall have the
power to sell, convey and lease all or any part of the Kilby property and, as an aid to such
sale or lease, to cause to be prepared by competent real estate experts a land use map and
plan. No such sale or lease shall be made, however, except at public offering, on sealed bids
or at auction, and upon such published notice as the authority shall determine to be necessary
or desirable in order to attract the greatest interest from prospective bidders. Notice of
any public sale or lease shall, in any event, be given by publication in at least three newspapers
of general circulation published in the state at least three times, the first notice to be
published not less than 60 days before the date of such public offering, the second notice
to be published not less than 30 days nor more than 40 days before such public offering and
the third notice to be published not less than 10 days nor more than...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-2-26.htm - 4K - Match Info - Similar pages
16-1-41.1
Section 16-1-41.1 School board governance improvement. (a) This section shall be known and
may be cited as the School Board Governance Improvement Act of 2012. (b) The Legislature finds
and declares all of the following: (1) That the purpose of this section is to enhance the
effectiveness of public education governance in Alabama through the establishment of training
requirements, boardsmanship standards, and accountability measures that are designed to promote
informed deliberations and decisions, to revise the qualifications for serving as a member
of a local board of education, to provide for a code of conduct for each member of a local
board of education in order to better ensure that any decision or action of a local board
of education is based on the interests of students or the system, and to foster the development
and implementation of organizational practices that are designed to promote broad support
of the public schools. (2) A local board of education is the legally...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-1-41.1.htm - 11K - Match Info - Similar pages
16-13B-4
Section 16-13B-4 Notice of proposed purchase; bids; reverse auction procedures. (a) All proposed
purchases in excess of fifteen thousand dollars ($15,000) shall be advertised by posting notice
thereof on a bulletin board maintained outside the purchasing office and in any other manner
and for any length of time as may be determined. Sealed bids or bids to be submitted by a
reverse auction procedure shall also be solicited by sending notice by mail or other electronic
means to all persons, firms, or corporations who have filed a request in writing that they
be listed for solicitation on bids for the particular items that are set forth in the request.
If any person, firm, or corporation whose name is listed fails to respond to any solicitation
for bids after the receipt of three solicitations, the listing may be cancelled. (b) Except
as provided in subsection (c), all bids shall be sealed when received and shall be opened
in public at the hour stated in the notice. (c) The awarding...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13B-4.htm - 3K - Match Info - Similar pages
23-6-1
Section 23-6-1 Definitions. Where used in this chapter the following words and terms shall
be given the following respective meanings unless the context hereof clearly indicates otherwise:
(1) BOARD OF DIRECTORS. The board of directors of the corporation. (2) CODE. The Code of Alabama
1975, as amended. (3) CORPORATION. The public corporation authorized to be created by this
chapter. (4) GOVERNMENT SECURITIES. Any bonds or other obligations which as to principal and
interest constitute direct obligations of, or are unconditionally guaranteed by, the United
States of America, including obligations of any federal agency to the extent such obligations
are unconditionally guaranteed by the United States of America and any certificates or any
other evidences of an ownership interest in such obligations of, or unconditionally guaranteed
by, the United States of America or in specified portions thereof (which may consist of the
principal thereof or the interest thereon). (5) INDUSTRIAL ACCESS...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-6-1.htm - 5K - Match Info - Similar pages
27-28-2
Section 27-28-2 Plan for exchange of stock, etc., between domestic stock insurer and holding
company - Procedure for exchange. A plan of exchange shall be adopted and become effective
in the following manner: (1) APPROVAL OF THE BOARDS OF DIRECTORS. - The boards of directors
of each corporate party to the plan of exchange by resolution shall adopt the plan of exchange
which shall set forth the terms and conditions of the exchange and the mode of carrying the
same into effect and such other provisions with respect to the exchange as may be deemed necessary
or desirable. (2) APPROVAL OF COMMISSIONER. - Every plan of exchange, before being submitted
to vote of the stockholders pursuant to subdivision (3) of this section, shall be submitted
for approval to the commissioner in accordance with the following procedure: a. After the
approval required by subdivision (1) of this section is obtained, the domestic company shall
submit to the commissioner three copies of the plan of exchange and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-28-2.htm - 13K - Match Info - Similar pages
27-29-10
Section 27-29-10 Violations and penalties; criminal proceedings. (a) Any insurer failing, without
just cause, to file any registration statement as required in this chapter shall be required,
after notice and hearing, to pay a penalty of up to one thousand dollars ($1,000) for each
day's delay, to be recovered by the commissioner and the penalty so recovered shall be paid
into the state General Fund. The maximum penalty under this section is fifty thousand dollars
($50,000). The commissioner may reduce the penalty if the commissioner, in the commissioner's
sole discretion, determines it is equitable to do so or the insurer demonstrates to the commissioner
that the imposition of the penalty would constitute a financial hardship to the insurer. (b)
Every director or officer of an insurance holding company system who knowingly violates, participates
in, or permits any of the officers or agents of the insurer to engage in transactions or make
investments that have not been properly...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-29-10.htm - 4K - Match Info - Similar pages
33-15-6
Section 33-15-6 Powers, duties and functions generally. The general powers, duties and functions
of the authority shall be as follows: (1) GENERAL. The authority: a. Shall have perpetual
succession in its corporate name; b. May bring civil actions and have civil actions brought
against it in its corporate name; c. May adopt, use, and alter a corporate seal, which shall
be judicially noticed; d. May enter into such contracts and cooperative agreements with federal,
state and local governments, with agencies of such governments and with private individuals,
corporations, associations and other organizations, including the Bear Creek Watershed Association,
Inc., whether organized under the laws of Alabama or of another state, as the board may deem
necessary or convenient to enable it to carry out the purposes of this article, which authorization
shall include without limitation contracts and cooperative arrangements with any of the several
states and with counties and municipalities in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-15-6.htm - 9K - Match Info - Similar pages
41-9-249
Section 41-9-249 Powers and duties of commission generally. The commission shall have the following
duties and powers: (1) To promote and increase knowledge and understanding of the history
of this state from the earliest time to the present, including the archaeological, Indian,
Spanish, British, French, Colonial, Confederate and American eras, by adopting and executing
general plans, methods and policies for permanently preserving and marking objects, sites,
structures and ruins as defined in Section 41-9-242; (2) To promote and assist in the publicizing
of the historic resources of the state by preparing and furnishing information to public mass
media and to governmental agencies charged with publicity and to coordinate any of its objectives,
efforts or functions with any agency or agencies of the federal government, of the State of
Alabama and of other states or local governments having objectives similar or related to those
of the commission; (3) To accept for renovation,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-249.htm - 8K - Match Info - Similar pages
9-15-38
Section 9-15-38 Sales of timber or minerals from school or swamp and overflowed lands. The
Commissioner of Conservation and Natural Resources may sell or cause to be sold timber from
school lands, swamp and overflowed lands, and other lands under the jurisdiction of the State
Lands Division, or minerals from school lands or swamp and overflowed lands, when in his or
her opinion the timber or minerals is of merchantable quality and quantity. Notice of the
sale of the timber or minerals shall be first advertised once a week for two successive weeks
in a newspaper published in the county where the timber or minerals are to be sold, and the
notice shall also be posted in a public place in the county. The notice shall describe the
timber or minerals to be sold and the amount and quality of the timber or minerals to be sold
and shall call for bids for the purchase price thereof. The notice shall further contain the
date upon which the bids shall be received and the date of the sale. If there...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-15-38.htm - 2K - Match Info - Similar pages
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