22-21-191
Section 22-21-191 Dissolution of corporation. If at any time the corporation shall have
outstanding no unpaid securities and if each member of the board of directors of the corporation
shall execute and file for record in the office of the judge of probate of the county in which
the corporation is organized a certificate of dissolution reciting the fact that the corporation
has outstanding no unpaid securities, stating that it is in the best interests of the public
for the corporation to be dissolved and declaring the corporation to be dissolved, the corporation
shall thereupon stand dissolved, and title to all funds and properties owned by it at the
time of such dissolution shall vest, jointly, in the county and the largest of the member
municipalities, according to the federal decennial census next preceding the date of the filing
of the certificate of incorporation of the corporation for record, whereupon possession of
such funds and properties shall forthwith be delivered to the...
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11-50-392
Section 11-50-392 Contents, acknowledgment, filing, and recordation of certificate of
incorporation; procedure for amendment thereof; dissolution of district and disposition of
systems, etc., upon payment of indebtedness of district in full. (a) The certificate of incorporation
of any gas district incorporated under this article shall state: (1) The name of the corporation,
which shall be a name indicating in a general way the area or municipalities proposed to be
served by the district (e.g., "The South Alabama Gas District" or "The _____
County Gas District" or "The _____, _____, and _____ (naming the municipalities
which are members thereof) Gas District"); (2) The names of all the municipalities which
are to be members of the district; (3) The location of the principal office of the district
and its post office address; (4) The period for the duration of the corporation (if the duration
is to be perpetual, this fact should be stated); and (5) The objects for which the district
is...
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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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23-1-160
Section 23-1-160 Dissolution. At any time when no securities of any kind of the corporation,
whether issued under this article or under authorization contained in any other statutes,
are outstanding, the corporation may be dissolved upon the filing with the Secretary of State
of an application for dissolution, which shall be subscribed by each of the members of the
corporation and which shall be sworn to by each such member before an officer authorized to
take acknowledgments to deeds. Upon the filing of said application for dissolution, the corporation
shall cease and any property owned by it at the time of its dissolution shall pass to the
State of Alabama. The Secretary of State shall file and record the application for dissolution,
in an appropriate book of record in his office, and shall make and issue, under the Great
Seal of the State, a certificate that the corporation is dissolved and shall record the said
certificate with the application for dissolution. (Acts 1955, 1st Ex....
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11-58-13
Section 11-58-13 Authority and procedure for dissolution of corporations; vesting of
title to funds and properties thereof in municipalities or counties upon dissolution; effect
of dissolution of corporation upon other such corporations. (a) Whenever the principal of
and interest on all bonds of a corporation payable from the revenues derived from the operation
of one or more medical clinics owned by the corporation have been paid in full, its board
of directors of the corporation may, by resolution, determine that the purposes for which
the corporation was formed have been substantially complied with, and shall thereupon execute
and file for record in the office of the judge of probate of the county in which the corporation
is organized a certificate of dissolution, reciting those facts and declaring the corporation
to be dissolved. The certificate of dissolution shall be executed under the corporate seal
of the corporation. (b) Upon the filing of the certificate of dissolution, the...
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11-56-20
Section 11-56-20 Authority and procedure for dissolution of corporations; vesting of
title to properties thereof in municipalities upon dissolution; formation of corporations
not to prevent subsequent formation of other corporations by same municipalities. (a) At any
time when the corporation does not have any bonds outstanding, the board may adopt a resolution
which shall be duly entered upon its minutes declaring that the corporation 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, the corporation 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 municipality. In the event the corporation shall at any time have outstanding
bonds issued under this chapter payable out of the revenues from different projects, then
as and when the principal of and the interest on all bonds payable in...
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11-60-15
Section 11-60-15 Authority and procedure for dissolution of corporations; vesting of
title to funds and properties thereof in municipalities upon dissolution. Whenever the board
of directors of the corporation shall by resolution determine that the purposes for which
the corporation was formed have been substantially complied with and all bonds theretofore
issued and all obligations theretofore incurred by the corporation have been fully paid, the
then members of the board of directors of the corporation shall thereupon execute and file
for record in the office of the judge of probate of the county in which the corporation is
organized a certificate of dissolution reciting such facts and declaring the corporation to
be dissolved. Such certificate of dissolution shall be executed under the corporate seal of
the corporation. Upon the filing of such certificate of dissolution, the corporation shall
stand dissolved, the title to all funds and properties owned by it at the time of such...

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11-101A-24
Section 11-101A-24 Dissolution. At any time when the authority does not have any securities
outstanding, and when there shall be no other 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 the resolution in the office of the judge of probate of the county in which the certificate
of incorporation of the authority was filed, the authority shall thereupon stand dissolved.
In the event that the authority owned any assets or property at the time of its dissolution,
the title to all its assets and property shall, subject to any constitutional provision to
the contrary, vest in one or more counties or municipalities in such manner and interests
as may be provided in the certificate of incorporation. If the certificate of incorporation
contains no provision respecting the vesting of title to the assets...
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11-89-17
Section 11-89-17 Authorization and procedure for dissolution of district; vesting of
title to properties of district and apportionment thereof upon dissolution of district. At
any time when the district has no bonds or other obligations outstanding, the board may adopt
a resolution, which shall be duly entered upon its minutes, declaring that the district 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 county in which the district's certificate of incorporation
was filed the district 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 pass to and
be divided and apportioned among the counties and municipalities in which any part of the
service area may be located, or, if it is a supply district, among its authorizing subdivisions,
all in such manner and to such extent as may be provided in the district's...
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11-99B-15
Section 11-99B-15 Authorization and procedure for dissolution of district; vesting of
title to properties of district and apportionment thereof upon dissolution of district. At
any time when the district has no bonds or other obligations outstanding, the board may adopt
a resolution, which shall be duly entered upon its minutes, declaring that the district 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 county in which the district's certificate of incorporation
was filed, the district 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 pass to and
be divided and apportioned among its members, all in such manner and to such extent as may
be provided in the district's certificate of incorporation, as last amended; provided, however,
that in the absence of a contrary provision in the said certificate of...
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