41-10-150
Section 41-10-150 Dissolution of authority; title to property vests in state. At any time when
no bonds or obligations assumed by an authority are outstanding, the board of directors of
an authority may adopt a resolution, which shall be entered upon its minutes, declaring that
the authority shall be dissolved. Upon the filing for record of a certified copy of the said
resolution in the office of the Secretary of State, the authority shall thereupon stand dissolved
and, in the event it owned any property at the time of its dissolution, the title to all of
its properties shall thereupon pass to and vest in the state. (Acts 1979, No. 79-441, p. 710,
§16.)...
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24-1A-17
Section 24-1A-17 Dissolution of authority; vesting title to property in state. At any time
when an authority has no bonds or other obligations outstanding, its board of directors may
by the unanimous vote of all directors present adopt a resolution declaring that the authority
shall be dissolved. Upon filing for record of a certified copy of the said resolution in the
office of the Secretary of State, the authority shall thereupon stand dissolved and in the
event it shall own any property at the time of its dissolution, the title of all its properties
shall thereupon pass to the state. (Acts 1980, No. 80-585, p. 899, §19.)...
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2-3A-14
Section 2-3A-14 Dissolution of authority and vesting of title to its property. At any time
when the authority has no bonds or other obligations outstanding, its board may adopt a resolution,
which shall be duly entered upon its minutes, declaring that the authority shall be dissolved.
Upon filing for record of a certified copy of the said resolution in the office of the Secretary
of State, the authority shall thereupon stand dissolved and in the event it owned any property
at the time of its dissolution, the title to all its properties shall thereupon pass to the
state. (Acts 1980, No. 80-586, p. 913, §14.)...
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16-17-19
Section 16-17-19 Dissolution of authority and vesting of title to its properties. At any time
when the authority does not have any bonds outstanding and when there shall be no obligations
assumed by the authority that are then outstanding, the board may adopt a resolution, which
shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon
the filing for record of a certified copy of said resolution in the office of the judge of
probate of the county in which the authority's original certificate of incorporation was filed,
the authority shall thereupon stand dissolved, and in the event it owned any property at the
time of its dissolution, the title to all its property shall thereupon vest in the determining
municipality. In the event the authority shall at any time have outstanding bonds issued hereunder
payable out of the revenues from various ancillary improvements, then, as and when the principal
of and the interest on all bonds payable, in whole or...
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11-47-219
Section 11-47-219 Authority and procedure for dissolution of authorities; vesting of title,
etc., to properties thereof upon dissolution. At any time when an authority has no bonds or
other obligations outstanding, its board may adopt a resolution, which shall be duly entered
upon its minutes, declaring that the authority shall be dissolved. Upon filing for record
of a certified copy of the resolution in the office of the judge of probate with which the
authority's certificate of incorporation is filed, the authority shall thereupon stand dissolved
and in the event it owned any property at the time of its dissolution, the title to all its
properties shall, subject to any constitutional provision or inhibitions to the contrary,
thereupon vest in one or more counties or municipalities in the manner and interests as may
be provided in the certificate of incorporation. Notwithstanding the foregoing, if the certificate
of incorporation contains no provision respecting the vesting of title...
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16-18-21
Section 16-18-21 Dissolution of authority and vesting of title to its properties. At any time
when the authority does not have any bonds outstanding and when there shall be no obligations
assumed by the authority that are then outstanding, the board may adopt a resolution, which
shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon
the filing for record of a certified copy of said resolution in the office of the judge of
probate of the county in which the authority's original certificate of incorporation was filed,
the authority shall thereupon stand dissolved, and in the event it owned any property at the
time of its dissolution the title to all its property shall thereupon vest in the determining
municipality. In the event the authority shall at any time have outstanding bonds issued hereunder
payable out of the revenues from various ancillary improvements, then, as and when the principal
of and the interest on all bonds payable, in whole or in...
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45-8-90
Section 45-8-90 Economic Development Council - Creation; composition; powers and duties. (a)(1)
For the purposes of promoting industry and trade and economic development and to assist Calhoun
County and the municipalities located therein in their pursuits therefor and to provide for
the exercise by the county and the municipalities of certain powers and authority proposed
to be granted to them by an amendment to the Constitution of Alabama, the act proposing such
amendment being adopted at the same session of the Legislature at which the act adding this
section was adopted, there is hereby created an economic development council for Calhoun County,
which council shall constitute a public corporation under the name Calhoun County Economic
Development Council. (2) This section shall be liberally construed in conformity with the
purposes. (b)(1) The powers and authorities of the Calhoun County Economic Development Council
shall be vested in and performed by a board of directors. (2) The...
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11-88-18
Section 11-88-18 Authorization and procedure for dissolution of authority; vesting of title
to properties of authority and apportionment thereof upon dissolution of authority. At any
time when no bonds theretofore issued by the authority or obligations theretofore assumed
by the authority are outstanding, the board may adopt a resolution, which shall be duly entered
upon its minutes, declaring that the authority shall be dissolved. Upon the filing for record
of a certified copy of the said resolution in the office of the judge of probate of the determining
county, the authority shall thereupon stand dissolved and, in the event it owned any property
at the time of its dissolution, the title to all its properties shall thereupon pass to and
be divided and apportioned among the determining county and any other county or counties in
which any part of the service area may be located, all in such manner and to such extent as
may be provided in the authority's certificate of incorporation, as...
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11-89A-21
Section 11-89A-21 Dissolution of authority; vesting of title to authority's property. At any
time when an authority has no bonds or other obligations outstanding, its board may adopt
a resolution, which shall be duly entered upon its minutes, declaring that the authority shall
be dissolved. Upon filing for record of a certified copy of the said resolution in the office
of the judge of probate with which the authority's certificate of incorporation is filed,
the authority shall thereupon stand dissolved and in the event it owned any property at the
time of its dissolution, the title to all its properties shall, subject to any constitutional
prohibition or inhibitions to the contrary, thereupon vest in one or more counties or municipalities
in such manner and interests as may be provided in the said certificate of incorporation;
provided, however, that if said certificate of incorporation contains no provision respecting
the vesting of title to the properties of the authority, title to...
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11-62-17
Section 11-62-17 Authority and procedure for dissolution of authority; vesting of title to
assets and properties of authority upon dissolution of authority; effect of dissolution of
authority upon formation of other such authorities. (a) At any time when any authority does
not have any bonds, notes, or other obligations outstanding and when there shall be no other
obligations assumed by such authority that are then outstanding, the board of such authority
may adopt a resolution, which shall be duly entered upon its minutes, declaring that the authority
shall be dissolved. (b) Upon the filing for record of a certified copy of said resolution
in the office of the judge of probate in which the authority's certificate of incorporation
was filed, the authority shall thereupon stand dissolved and, in the event it owned any assets
or property at the time of its dissolution, the title to all such assets or property shall
thereupon vest in the determining municipality. (c) The formation or...
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