22-21-154
Section 22-21-154 Dissolution. At any time when the authority does not have any bonds 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, the authority shall, thereupon,
stand dissolved, and in the event that it owned any assets or property at the time of its
dissolution, the title to all its assets and property shall thereupon vest in the municipality.
In the event the authority shall at any time have outstanding bonds issued under this article
payable out of the revenues of different projects, then as and when the principal of and interest
on all bonds payable from the revenues derived from any project shall have been paid in full,
title to the project, with respect to which the bonds so paid in full have been paid, shall
thereupon vest in the municipality, but such vesting of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-154.htm - 1K - Match Info - Similar pages

22-29-23
Section 22-29-23 Dissolution. When all bonds issued by the authority and all obligations made
or assumed by it under the provisions of this chapter shall have been paid in full, the then
officers and directors of the authority shall at such time file with the Secretary of State
a written statement, subscribed and sworn to by each of them, reciting the payment in full
of all such bonds and obligations. Such statement shall be filed with the Secretary of State
and recorded with the certificate of incorporation of the authority, and thereupon, the authority
shall stand dissolved. Any property owned by the authority but leased to a local public body
shall become the property of such local public body and any property owned by the authority
and not leased to any local public body shall become the property of the state. (Acts 1971,
No. 42, p. 279, §23.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-29-23.htm - 1K - Match Info - Similar pages

11-61A-24
Section 11-61A-24 Dissolution. When no bonds of the authority are outstanding, the authority
may be dissolved upon the filing with the judge of probate, in the county in which is filed
the certificate of incorporation, an application for dissolution. The application for dissolution
shall be subscribed by each member of the board and sworn to by each member before an officer
authorized to take acknowledgments to deeds. Upon the filing of an application for dissolution,
the authority shall cease to exist. The judge of probate shall receive and record the application
for dissolution in an appropriate book of record in his or her office. Upon dissolution, all
rights, title, and interest of the authority in property shall be vested in the municipality.
(Acts 1994, No. 94-254, p. 470, §24.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-61A-24.htm - 1K - Match Info - Similar pages

37-13-21
Section 37-13-21 Dissolution of authority. At any time when no bonds of an authority are outstanding,
such authority may be dissolved upon the filing, with the judge of probate of the county in
which is filed the certificate of incorporation, of an application for dissolution, which
shall be subscribed by each director and sworn to by each director before an officer authorized
to take acknowledgments to deeds. Upon the filing of such application for dissolution, the
authority shall cease to exist. Said probate judge shall receive and record the application
for dissolution in an appropriate book of record in his office. Upon dissolution, all rights,
title and interests of the authority in property shall be vested in the authorizing subdivisions
pursuant to the provisions of the certificate of incorporation, or, in the absence of such
provisions, shall be vested in the authorizing subdivisions in the same proportion as their
contributions to the authority over the life thereof. (Acts...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-13-21.htm - 1K - Match Info - Similar pages

4-3-22
Section 4-3-22 Procedure for dissolution of authority. At any time when no bonds of the authority
are outstanding, the authority may be dissolved upon the filing with the judge of probate
in the county in which is filed the certificate of incorporation of an application for dissolution,
which shall be subscribed by each of the members of the authority and sworn to by each member
before an officer authorized to take acknowledgments to deeds. Upon the filing of such application
for dissolution, the authority shall cease to exist. Said probate judge shall receive and
record the application for dissolution in an appropriate book of record in his office. Upon
dissolution, all rights, title and interests of the authority in property shall be vested
in the authorizing subdivisions pursuant to the provisions of the certificate of incorporation
or, in the absence of such provisions, shall be vested in the authorizing subdivisions, share
and share alike. (Acts 1963, No. 265, p. 696, §21.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-22.htm - 1K - Match Info - Similar pages

4-3-61
Section 4-3-61 Procedure for dissolution. At any time when no bonds of the authority are outstanding,
the authority may be dissolved upon the filing with the judge of probate in the county in
which is filed the certificate of incorporation of an application for dissolution, which shall
be subscribed by each of the members of the authority and sworn to by each member before an
officer authorized to take acknowledgments to deeds and shall have appended thereto a certified
copy of a resolution of the authorizing subdivision or authorizing subdivisions consenting
to such dissolution. Upon the filing of such application for dissolution, the authority shall
cease to exist. Said probate judge shall receive and record the application for dissolution
in an appropriate book of record in his office. Upon dissolution, all rights, title and interests
of the authority in property shall be vested in the authorizing subdivisions pursuant to the
provisions of the certificate of incorporation or, in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-61.htm - 1K - Match Info - Similar pages

45-46-90.18
Section 45-46-90.18 Dissolution of authority. At any time when the authority has no bonds or
other obligations 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
of incorporation, 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 authorizing county or municipality. (Act 86-547, p. 1106, § 19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46-90.18.htm - 940 bytes - Match Info - Similar pages

45-37A-56.44
Section 45-37A-56.44 Dissolution of authority. At any time when no bonds of the authority are
outstanding, the authority may be dissolved upon the filing with the judge of probate, in
the county in which is filed the certificate of incorporation, of an application for dissolution,
which shall be subscribed by each of the members of the board and sworn to by each member
before an officer authorized to take acknowledgments to deeds. Upon the filing of such application
for dissolution, the authority shall cease to exist. The judge of probate shall receive and
record the application for dissolution in an appropriate book of record in his or her office.
Upon dissolution, all rights, title, and interest of the authority in property shall be vested
in the city. (Acts 1971, No. 2079, p. 3335, §25.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-56.44.htm - 1K - Match Info - Similar pages

11-54A-5
Section 11-54A-5 Procedure to incorporate; contents and execution of certificate of incorporation.
Within 40 days following the adoption of the authorizing resolution, the applicants shall
proceed to incorporate the authority by filing for record in the office of the judge of probate
of the county wherein the city is located a certificate of incorporation which shall comply
in form and substance with the requirements of this section and which shall be in the form
and executed in the manner herein provided. The certificate of incorporation of the authority
shall state all of the following: (1) The names of the persons forming the authority, and
that each of them is a duly qualified elector of the city. (2) The name of the authority,
which shall include the name of the city in its title as follows: The ___ Redevelopment Authority.
(3) The period for the duration of the authority (if the duration is to be perpetual, subject
to the provisions of Section 11-54A-20 hereof, that fact...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-5.htm - 2K - Match Info - Similar pages

11-95-19
Section 11-95-19 Dissolution of corporation; passage of title to property of corporation. At
any time when a corporation has no bonds or other obligations outstanding, its board may adopt
a resolution, which shall be duly entered upon its minutes, declaring that the corporation
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 corporation's certificate of incorporation is
filed, 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 properties shall thereupon pass to the
authorizing subdivisions as tenants in common. (Acts 1981, No. 81-338, p. 480, §19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-95-19.htm - 1K - Match Info - Similar pages