23-1-318
Section 23-1-318 Dissolution. At any time when no securities of any kind of the authority,
whether issued under this article or under authorization contained in any other act, are outstanding,
the authority 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 authority 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 authority 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 authority is dissolved and shall record the said certificate with the
application for dissolution. (Acts 1976, No. 565, p. 764, §19.)...
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45-49A-64.06
Section 45-49A-64.06 Board of directors. (a) Each authority shall be governed by a board
of directors. All powers of the authority shall be exercised by the board pursuant to its
authorization. The board shall consist of six directors. Each director shall be elected by
the governing body of the authorizing municipality. The initial term of office of three of
the directors elected by the governing body of the authorizing municipality shall begin immediately
upon their election and shall end at 12:01 a.m., on the second anniversary of the date of
the filing for record of the certificate of incorporation of the authority. The initial term
of office of the remaining directors elected by the governing body of the municipality shall
begin immediately upon their election and shall end at 12:01 a.m. on the fourth anniversary
date of such filing. Thereafter, the term of office of each such director shall be six years.
If at any time there should be a vacancy on the board, a successor director...
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22-21-352
Section 22-21-352 Further provision for amendment of certificates of incorporation or
reincorporation. (a) Except as otherwise provided in the last sentence of this subsection,
any authority that now exists, or that is hereafter organized or reincorporated (as the case
may be) pursuant to the provisions of the enabling statute, shall have the power to amend
its certificate of incorporation or certificate of reincorporation, in the manner hereinafter
provided, so as to provide: (1) That the governing body of an authorizing subdivision empowered
(either alone or jointly with the governing body or bodies of one or more other authorizing
subdivisions) to elect or appoint one or more directors shall so elect or appoint all or any
of such directors only from a list of nominees, as provided in subdivision (2) below, proposed
by the board and otherwise qualified, in accordance with law and with the terms of such certificate
of incorporation or certificate of reincorporation (as the case may...
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33-16-15
Section 33-16-15 Dissolution of authority. At any time when no duties or obligations
of the authority shall remain to be discharged, or when all duties and obligations remaining
to be discharged have been effectively delegated to public corporations, agencies and departments
of the state in accordance with Section 33-16-10, the authority 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 authority, 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 authority shall cease and any property owned by it at the time of its
dissolution shall pass to the state. The Secretary of State shall file and record the application
for dissolution, in an appropriate book of record in his office, and shall make an issue,
under the Great Seal of the State, a certificate that the authority is...
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33-17-15
Section 33-17-15 Dissolution of authority. At any time when no duties or obligations
of the authority shall remain to be discharged, or when all duties and obligations remaining
to be discharged shall have been effectively delegated to public corporations, agencies and
departments of the state in accordance with Section 33-17-10, the authority 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 authority 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 authority shall cease and any property owned by it
at the time of its dissolution shall pass to the state. 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...
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41-10-284
Section 41-10-284 Dissolution of authority. At any time when the bonds and other obligations
of the authority have been paid in full, the authority may be dissolved upon the filing with
the Secretary of State of a written statement for dissolution, reciting payment in full of
all bonds and other obligations of the authority, which statement shall be subscribed by each
of the members of the authority and which shall be sworn to by each such member before an
officer authorized to take acknowledgments to deeds. Upon the filing of said written statement
for dissolution, the authority shall cease and any property owned by it at the time of its
dissolution shall pass to the state. The Secretary of State shall file and record the written
statement 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 authority is dissolved, and
shall record the said certificate with the written statement for...
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41-10-369
Section 41-10-369 Dissolution of authority; disposition of property upon dissolution
of authority. At any time when the bonds and other obligations of the authority have been
paid in full, the authority may be dissolved upon the filing with the Secretary of State of
a written statement for dissolution, reciting payment in full of all bonds and other obligations
of the authority and which shall be sworn to by each such member before an officer authorized
to take acknowledgments to deeds. Upon the filing of said written statement for dissolution,
the authority shall cease and any property owned by it at the time of its dissolution shall
pass to the state. The Secretary of State shall file and record the written statement 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 authority is dissolved, and shall record
the said certificate with the written statement for dissolution. (Acts 1988, No....
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45-46-90.05
Section 45-46-90.05 Board of directors. Each authority shall be governed by a board
of directors, who shall be appointed by the authorizing governing body. All powers of the
authority, except as herein restricted, shall be exercised by the board or pursuant to its
authorization. The board shall consist of seven directors, who shall be appointed for staggered
terms as hereinafter provided. The positions on the board shall be numbered from one to seven,
inclusive. The initial term of office of the members of the board in positions one, two, three,
and seven shall begin immediately upon their respective appointments and shall end at 12:01
o'clock a.m. on the second anniversary date of the filing for record of the certificate of
incorporation of the authority. The initial terms of office of the directors in positions
numbered four, five, and six shall begin immediately upon their respective appointments and
shall end at 12:01 o'clock a.m. on the fourth anniversary date of the filing for...
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16-17A-4
Section 16-17A-4 Articles of incorporation - Requirements. (a) In addition to any other
matters relating to the authority that the sponsoring university may choose to insert and
that are not inconsistent with state law, the articles of incorporation of an authority shall
include the following provisions: (1) The name of the authority, which shall include the word
Authority and shall include words identifying the sponsoring university. (2) The name of the
sponsoring university and the date on which the governing body of the sponsoring university
adopted a resolution authorizing the organization of the authority. (3) The name and address
of the registered agent of the authority. (4) A statement that the authority is organized
pursuant to the provisions of this chapter. (5) A statement that the authority shall exercise
all powers provided by law, unless the exercise by the authority of any of its powers hereunder
is limited in any way, in which case a statement of such limitations on the...
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11-62-3
Section 11-62-3 Application for authority to form corporation; adoption of resolution
by governing body authorizing incorporation; execution, acknowledgement, filing, recordation
and contents of certificate of incorporation; effect of granting of authority for incorporation
upon incorporation of other such corporations. (a) By proceeding in the manner set forth herein,
any number of natural persons, not less than three, may incorporate a special care facilities
financing authority in any municipality of the state. Such authority shall be organized as
a public corporation and instrumentality of the state with the powers hereinafter set forth.
The incorporators shall first file with the governing body of such municipality a written
application seeking permission to incorporate such authority, which application shall be accompanied
by a proposed form of certificate of incorporation for such authority and such supporting
documents or evidence as the incorporators may consider appropriate...
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