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23-6-7
without time limit; (2) To sue and be sued and to prosecute and defend, at law or in equity,
in any court having jurisdiction of the subject matter and of the parties; (3) To have and
to use a corporate seal and to alter the same at pleasure; (4) To construct, reconstruct,
and relocate industrial access roads and bridges within the state or to cause the same to
be constructed, reconstructed, and relocated; (5) To receive, take and hold by sale, gift,
lease, devise or otherwise, real and personal estate of every description, and to manage
the same; (6) 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 construction,
reconstruction, or relocation of industrial access roads and bridges in the state; (7) To
exercise the right of eminent domain as freely and completely as, and in the same...
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41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST FUND.
The trust fund of the state created under Amendment 450 to the Constitution of Alabama of
1901, and appearing as ยง219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-759.
(3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established pursuant
to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued pursuant to
this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement of
economic damages claims of the state against BP Exploration and Production, Inc. and any of
its corporate affiliates arising out of the Deepwater Horizon oil spill...
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16-17A-8
Section 16-17A-8 Powers of authority. (a) An authority shall have and may exercise any power
granted nonprofit corporations under Title 10A, together with all powers incidental thereto
or necessary or desirable to the discharge thereof, including, without limitation, the following
specific powers: (1) To adopt, maintain, and amend bylaws and a corporate seal. (2) To sue
and, subject to the limitations herein, be sued; provided, however, that no authority entitled
to sovereign immunity shall be denied such immunity. (3) To acquire, construct, equip, and
operate those health care facilities it considers necessary or desirable. (4) To enter into
contracts and agreements, borrow money, incur indebtedness, and issue bonds, notes, debt securities,
or any other evidence of indebtedness. (5) To pledge the general credit of the authority or
any revenues or income of the authority to repayment of any of its indebtedness. (6) To mortgage
or pledge its health care facilities or its other assets or...
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23-1-155
and of the parties. (3) To have and to use a corporate seal and to alter the same at pleasure.
(4) To construct, reconstruct, and relocate, or to cause to be constructed, reconstructed,
and relocated, public roads, bridges, and approaches thereto, tunnels, and other public roadway
improvements, including work incidental or related thereto, in the State of Alabama. (5) To
acquire by purchase, gift or condemnation or any other lawful means and to convey, or cause
to be conveyed, any real, personal, or mixed property or materials necessary or convenient
in connection with the construction, reconstruction, or relocation of public roads, bridges
and approaches thereto, tunnels and other public roadway improvements in the State of Alabama.
(6) To exercise the right of eminent domain as freely and completely as, and in the same manner
that, the State of Alabama is empowered to exercise such right. (7) To borrow money for its
corporate purposes and, in evidence of such borrowing, to sell...
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9-18-1
this compact any and all donations, and grants of money, equipment, supplies, materials, and
services (conditional or otherwise) from any state or the United States or any subdivision
or agency thereof, or interstate agency, or from any institution, person, firm, or corporation,
and may receive, utilize and dispose of the same. "(i) The board may establish and maintain
such facilities as may be necessary for the transacting of its business. The board may acquire,
hold, and convey real and personal property and any interest therein. "(j) The
board shall adopt bylaws, rules, and regulations for the conduct of its business, and shall
have the power to amend and rescind these bylaws, rules, and regulations. The board shall
publish its bylaws, rules, and regulations in convenient form and shall file a copy thereof,
and shall also file a copy of any amendment thereto, with the appropriate agency or officer
in each of the party states. "(k) The board annually shall make to the governor of...
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9-18A-1
under this compact any and all donations and grants of money, equipment, supplies, materials
and services (conditional or otherwise) from any state or the United States or any subdivision
or agency thereof, or interstate agency, or from any institution, person, firm or corporation,
and may receive, utilize and dispose of the same. "(i) The board may establish and maintain
such facilities as may be necessary for the transacting of its business. The board may acquire,
hold and convey real and personal property and any interest therein. "(j) The
board shall adopt bylaws, rules and regulations in convenient form, and shall also file a
copy of any amendment thereto, with the appropriate agency or officer in each of the party
states. "(k) The board annually shall make to the governor of each party state, a report
covering the activities of the board for the preceding year, and embodying such recommendations
as may have been adopted by the board, which report shall be transmitted to the...
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37-6-42
contrary to the provisions of Sections 37-14-1 through 37-14-17 or Sections 37-14-30 through
37-14-40. (2) To construct, purchase, take, receive, lease as lessee or otherwise acquire,
and to own, hold, use, equip, maintain, and operate, to sell, assign, transfer, convey, exchange,
lease as lessor, mortgage, pledge or otherwise dispose of or encumber telephone lines, facilities,
or systems, lands, buildings and structures, plants and equipment, and any and all kinds and
classes of real or personal property whatsoever which shall be deemed necessary, convenient,
or appropriate to accomplish the purpose for which the cooperative is organized; provided,
however, that no electric cooperative organized and no corporation converted into an electric
cooperative, under Article 1 of this chapter, shall construct, purchase, take, receive, lease
as lessee, or otherwise acquire or maintain or operate any telephone lines, facilities, plants,
or systems, other than telephone lines, facilities,...
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9-10-5
of its powers under this article; (5) To sue and be sued in its own name; (6) To enter into
agreements with the United States government or its agencies or political subdivisions thereof,
with municipalities and with public corporations concerning the sale and use of the water
impounded by the United States government, management of the project, collection of charges
for water issued to users and repayment costs of the project construction costs; (7) To acquire,
hold and dispose of real and personal property or any interests therein; (8) To provide
a water supply by impounding a stream or by development and use of wells by either construction,
lease or purchase; (9) To develop and operate an irrigation project, including the facilities
necessary thereto, either by construction, lease or purchase; (10) To provide for the control
of floods by impounding surplus water or by other means to the extent that such work is economically
feasible and desirable and not opposed to the need of water...
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16-18B-6
in any court having jurisdiction of the subject matter and of the parties; (3) To have and
to use a corporate seal and to alter the same at pleasure; (4) To acquire, provide, construct,
improve, renovate, equip, and maintain, or transfer to public institutions in the state, forensic
sciences laboratories and educational facilities for the provision of instruction and research
in the field of forensic sciences; (5) To receive, take and hold by sale, gift, lease, devise
or otherwise, real and personal estate of every description, and to manage the same;
(6) 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, or transfer to public institutions in
the state, forensic sciences laboratories and educational...
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2-6-105
of its property and affairs. (5) To enter into agreements of any nature with any public or
private entity regarding the construction, renovation, restoration, improvement, maintenance,
management, or operation of the project or any properties or facilities constituting a part
of the project. (6) To take all actions and enter into all agreements necessary or appropriate
to complete the project work. (7) To acquire, purchase, lease, receive, hold, transmit, and
convey title to real and personal property to or from any person or legal entity, public
or private. (8) To borrow money and issue its bonds in evidence thereof, subject to this article.
(9) As security for payment of the principal of and interest on its bonds, to pledge any funds
or revenues from which its bonds may be made payable and to arrange for and provide additional
security for its bonds, including letters of credit, bond insurance policies, surety bonds
and the like, as the board of directors shall determine to be...
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