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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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45-39-221.06
Section 45-39-221.06 Transfer of funds and assets to tourism board. (a) The county, any municipality,
and any other public agency, authority, bureau, or body that provides services of any kind
or otherwise operates in the county, are authorized to transfer and convey to the tourism
board, with or without consideration, both of the following: (1) Any properties, real or personal,
and any interest therein, and all funds and assets, tangible or intangible, relative to the
ownership or operation of any such that may be owned by the county, the municipality, or other
public agency, authority, bureau, or body, as the case may be, or that may be jointly owned
by any two or more thereof. (2) Any funds owned or controlled by the county, the municipality,
or other public agency, authority, bureau, or body, as the case may be, or jointly by any
two or more thereof, that may have been raised or allocated for any of the purposes for which
the tourism board shall have been organized, whether or not...
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11-50-238
Section 11-50-238 Transfer of systems to corporation; powers of corporation as to conveyance,
etc., of title to systems. Each municipality which may now or hereafter own a system or systems
and which shall have authorized a corporation to be incorporated under the provisions of this
division, is hereby authorized to transfer and convey any such system or systems to such corporation
without the necessity of authorization at an election of the qualified voters of such municipality;
provided, that an ordinance authorizing such transfer and conveyance shall have theretofore
been duly enacted by the governing body of such municipality; provided further, that such
corporation shall assume and agree to pay, as the same become due and payable, the principal
of and interest on any obligations of such municipality that are payable from or secured by
the revenues from the system or systems so transferred or shall pay to such municipality at
the time of the transfer an amount of money sufficient...
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45-35A-54.20
Section 45-35A-54.20 Transfer of waterworks, sewer, or electric plants and systems - Authorized.
Any waterworks plant and system, a sewer plant and system, an electric plant and system, and
a gas plant and system, or any one or more of such plants and systems now or hereafter owned
by the City of Dothan shall be authorized to transfer and convey one or more of such plants
or systems, or any part of such plants or systems, or any rights incidental thereto to any
board or public corporation organized under Chapter 50, Title 11, or under any subsequent
act providing for the incorporation of like boards to own and operate any waterworks plant
or system, any sewer plant or system, any electric plant or system, or any gas plant or system,
whether such board was incorporated with the approval of the city owning such plant or system,
or with the approval of some other city in Alabama, the governing body owning any such plant
or systems, or both, shall provide for an election at which the...
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45-35A-54.21
Section 45-35A-54.21 Transfer of waterworks, sewer, or electric plants and systems - Election.
Except as herein provided for, and at the time of holding the same, all elections herein required
shall be held according to the general laws of Alabama. At any such election the proposition
to be submitted to the voters shall be: "Shall the governing body of the City of ______
be authorized to transfer and convey the city owned waterworks plant and system, sewer plant
and system, electric plant and system, gas plant and system, or any one or more thereof, or
any part or parts of such plants or systems, or any rights incidental thereto to any board
or public corporation organized under Chapter 50, Title 11, or to any board created or established
by any subsequent act providing for the incorporation of like boards to own and operate any
such plant or systems or both, the members of which board will not be elected by the qualified
voters of the City of ______. "NO____ YES____ ." (Act 79-537, p....
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9-14A-7
powers of Alabama State Parks System Improvement Corporation. In addition to the powers provided
in the above Section 9-14A-6, the Alabama State Parks System Improvement Corporation shall
have the following powers: (a) To acquire, provide, construct, improve, renovate, equip and
maintain the state parks system. (b) To acquire by purchase, gift, or the exercise of the
power of eminent domain, or any other lawful means, and to transfer, convey or cause to be
conveyed to the state, any real, personal or mixed property necessary or convenient
in connection with the acquiring, providing, constructing, improving, renovating, equipping
and maintenance of parks and park facilities. (c) To enter into contracts with municipalities,
counties, the Alabama Department of Conservation and Natural Resources or other agencies or
political subdivisions of the state or any other state, private persons, firms, corporations
and any branch of the federal government, in furtherance of its public purposes...
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11-97-22
Section 11-97-22 Bonds of corporation as legal investments. The bonds of any corporation shall
be legal investments in which the state and its agencies and instrumentalities, all counties,
municipalities, and other political subdivisions of the state and public corporations organized
under the laws thereof, all insurance companies and associations and other persons carrying
on an insurance business, all banks, savings banks, savings and loan associations, trust companies,
credit unions, and investment companies of any kind, all administrators, guardians, executors,
trustees, and other fiduciaries, and all other persons whatsoever are now or may hereafter
be authorized to invest in bonds or other obligations of the state, may properly and legally
invest funds in their control or belonging to them. (Acts 1984, No. 84-314, p. 695, ยง22.)...
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22-21-183
Section 22-21-183 Disposition of proceeds from borrowing. (a) The principal proceeds derived
from any borrowing made by the corporation under Section 22-21-182, other than borrowings
made for refunding purposes, shall be used solely for: (1) The purpose or purposes for which
such borrowing was authorized to be made, including architects' and engineers' fees; (2) Legal,
fiscal and recording fees and expenses incurred in connection with such borrowing; (3) The
interest to accrue on any securities issued in evidence of such borrowing during a period
of not exceeding 36 months after the date of such borrowing; (4) The reimbursement to itself,
or to its general fund or any one or more of its other funds, to the county in which the corporation
is organized, to any municipality located, in whole or in part, in such county and to any
public agency, authority or body in such county, of any funds advanced to or for the benefit
of the corporation or any hospital owned by it and in anticipation of...
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45-17-91.23
authorized by law to do so, expend any moneys so appropriated to it out of the Shoals Economic
Development Fund without any further consent or other action on the part of the committee.
(c) Subject to succeeding provisions of this subpart, including particularly, but without
limitation, those provisions hereof respecting the investment of moneys held in and forming
a part of the Shoals Economic Development Fund, and the management, use, and disposition of
other properties, whether real or personal, tangible or intangible, contributed to
such fund, all moneys held in and forming a part of the Shoals Economic Development Fund,
whether such moneys may be characterized as either principal or income of such fund, may be
expended or appropriated, and all other properties contributed to such fund may be used, only
for the following purposes: (1) To induce the location, within either of the counties or any
city or town therein, of (i) new manufacturing, industrial, and research enterprises,...
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45-45-201.07
Section 45-45-201.07 Payment of tax required for issuance of license. To prevent motor vehicles,
as defined by Section 40-12-240, from escaping taxation and to provide for the more efficient
assessment and collection of taxes due on same, no license shall be issued to operate a motor
vehicle on the public highways of this state, nor shall any transfer be made by the director
of the department as provided under this part, until the ad valorem tax on such vehicle shall
have been paid in the county for the preceding year, as evidenced by a receipt of the director
of the department where the owner of the vehicle resides, if the vehicle is owned by an individual;
and if the vehicle is owned by a firm, corporation, or association, then as evidenced by the
receipt of the director of the department in the county in which the motor vehicle is used
or operated; provided, that this section shall not apply to motor vehicles owned by dealers,
the state, counties, and municipalities. Every person,...
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