45-8-90
as security therefor its assets, and anticipated revenues; (8) to maintain civil actions and
have civil actions maintained against it and to defend civil actions against it; (9) to adopt
and alter bylaws for the regulation and conduct of its affairs and business; (10) to acquire,
receive, and take title to, by purchase, gift, lease, devise, or otherwise, to hold, keep,
and develop and to transfer, convey, lease, assign, or otherwise dispose of property of every
kind and character, real, personal, and mixed, and any and every interest therein,
located within the area of operation of the council, to any person; (11) to make, enter into,
and execute such contracts, agreements, leases, and other legal arrangements and to take such
steps and actions as may be necessary or convenient in the furtherance of any purpose or the
exercise of any power provided or granted to it by law; (12) to borrow money for any council
purpose, function, or use and to issue in evidence of the borrowing,...
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4-3-45
Section 4-3-45 Board of directors of authority. Each authority shall be governed by a board
of directors of either three, five, or seven members as provided in the certificate of incorporation
or the bylaws. If the sole authorizing subdivision is a county, the county commission of the
county shall elect all directors. If the sole authorizing subdivision is a municipality, the
governing body of such municipality shall elect all directors. The directors initially elected
shall be elected for terms of office of two, four, and six years, respectively, and their
successors shall be elected for terms of six years. If a county and a municipality are both
authorizing subdivisions, the governing body of the municipality shall elect one director
for an initial term of two years if three directors are to be elected, and one director for
an initial term of two years and one director for an initial term of four years if five directors
are to be elected, and one for an initial term of two years and...
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11-62-5
Section 11-62-5 Board of directors. (a) Every authority shall be governed by a board of directors.
All powers of the authority shall be exercised by the board or pursuant to its authorization.
The board shall consist of three directors elected in the manner hereinafter prescribed, as
soon as may be practicable after the organization of the authority, by the governing body
of the determining municipality for staggered terms as follows: The first term of one director
shall begin immediately upon his election and shall end at noon on the second Monday of November
of the next succeeding odd-numbered calendar year following his election; the first term of
another director shall begin immediately upon his election and shall end at noon on the second
Monday of November of the second succeeding odd-numbered calendar year following his election;
and the first term of the remaining director shall begin immediately upon his election and
shall end at noon on the second Monday of November of the...
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22-21-175
Section 22-21-175 Board of directors. (a) The corporation shall have a board of directors in
which all powers of the corporation shall be vested. The board of directors shall consist
of (1) Two persons elected by the county commission of the county; (2) Two persons elected
by the governing body of 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; (3) One person elected by the governing body of each of the
other member municipalities; (4) Two persons, each of whom shall be, at the time of his appointment,
a physician licensed to practice the profession of medicine in the county, resident in the
county and engaged in the full-time private practice of medicine, elected at a mass meeting
of the licensed physicians resident in the county; (5) Two persons elected or appointed by
a majority vote of all the active circuit judges of the judicial circuit in...
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10A-1-1.03
limited liability company or association, a member; and (D) with respect to another foreign
or domestic entity, an owner of an equity interest in that entity. (69) OWNERSHIP INTEREST.
An owner's interest in an entity. The term includes the owner's share of profits and losses
or similar items and the right to receive distributions. The term does not include an owner's
right to participate in management or participate in the direction or oversight of the entity.
An ownership interest is personal property. (70) PARENT or PARENT ENTITY. An entity
that: (A) owns at least 50 percent of the ownership or membership interest of a subsidiary;
or (B) possesses at least 50 percent of the voting power of the owners or members of a subsidiary.
(71) PARTNER. A limited partner or general partner. (72) PARTNERSHIP. Includes a general partnership,
a limited liability partnership, a foreign limited liability partnership, a limited partnership,
a foreign limited partnership, a limited liability...
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14-2-7
Section 14-2-7 Resolutions and proceedings of board of directors. All resolutions adopted by
the board of directors shall constitute actions of the authority, and all proceedings of the
board of directors shall be reduced to writing by the secretary of the authority, shall be
signed by the members of the authority and shall be recorded in a substantially bound book
and filed in the office of the Secretary of State. Copies of such proceedings, when certified
by the secretary of the authority under the seal of the authority, shall be received in all
courts as prima facie evidence of the matters and things therein certified. (Acts 1965, No.
678, p. 1226, §6.)...
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41-10-306
Section 41-10-306 Resolutions and proceedings of board of directors. All resolutions adopted
by the board of directors shall constitute actions of the authority, and all proceedings of
the board of directors shall be reduced to writing by the secretary of the authority, shall
be signed by the members of the authority and shall be recorded in a substantially bound book
and filed in the office of the Secretary of State. Copies of such proceedings, when certified
by the secretary of the authority under the seal of the authority, shall be received in all
courts as prima facie evidence of the matters and things therein certified. (Acts 1986, No.
86-546, p. 1093, §7.)...
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41-10-496
Section 41-10-496 Resolutions and proceedings of board of directors. All resolutions adopted
by the board of directors shall constitute actions of the authority, and all proceedings of
the board of directors shall be reduced to writing by the secretary of the authority, shall
be signed by the members of the authority and shall be recorded in a substantially bound book
and filed in the office of the state Finance Director. Copies of such proceedings, when certified
by the secretary of the authority under the seal of the authority, shall be received in all
courts as prima facie evidence of the matters and things therein certified. (Acts 1990, No.
90-603, p. 1094, §7.)...
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41-10-428
Section 41-10-428 Resolutions adopted and all proceedings of board of directors to be recorded
and filed; copies received in all courts as prima facie evidence. All resolutions adopted
by the board of directors shall constitute actions of the authority, and all proceedings of
the board of directors shall be reduced to writing by the secretary of the authority, which
shall be signed by the members of the authority and shall be recorded in a substantially bound
book and filed in the office of the Secretary of State. Copies of such proceedings, when certified
by the secretary of the authority under the seal of the authority, shall be received in all
courts as prima facie evidence of the matters and things therein certified. (Acts 1990, No.
90-293, p. 396, §9.)...
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41-10-624
Section 41-10-624 Members, officers, and directors. The applicants named in the application
and their respective successors in office shall constitute the members of the authority. The
Governor shall be the president of the authority, the state Commissioner of Revenue shall
be the vice president, and the Director of Finance shall be the secretary. The State Treasurer
shall act as custodian of the authority's funds, and shall pay, out of appropriated funds
and any other monies and property available to the authority, debt service referable to bonds
of the authority issued pursuant to this division. The members of the authority shall constitute
all of the directors of the authority, and any two directors shall constitute a quorum for
the transaction of business. Should any person holding any state office named in this section
cease to hold the office by reason of death, resignation, expiration of the term of office,
or for any other reason, then his or her successor in office shall take...
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