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41-10-752
Section 41-10-752 Incorporation of authority authorized; application; filing. (a) To
become a public corporation and instrumentality of the state with the powers herein provided,
the Governor, the State Treasurer, the Speaker of the House of Representatives, the President
Pro Tempore of the Senate, the Secretary of Labor, and the Finance Director shall present
to the Secretary of State of Alabama an application signed by them which shall set forth all
of the following: (1) The name, official designation, and official residence of each of the
applicants, together with a certified copy of the commission evidencing each applicant's right
to office. (2) The date on which each applicant was inducted into office and the term of office
of each applicant. (3) The name of the proposed public corporation, which shall be Alabama
Economic Settlement Authority. (4) The location of the principal office of the proposed corporation,
which shall be in the City of Montgomery. (5) Any other matter...
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11-47-217
Section 11-47-217 Boards of directors of authorities. (a) Each authority shall have
a board of directors composed of the number of directors provided in the certificate of incorporation,
as most recently amended. Unless provided to the contrary in its certificate of incorporation,
all powers of the authority shall be exercised, and the authority shall be governed by the
board or pursuant to its authorization. Subject to the provisions of subdivision (8) of Section
11-47-215, the board shall consist of directors who have the qualifications and are elected
or appointed for certain terms of office as shall be specified in the certificate of incorporation
of the authority. Notwithstanding the foregoing, if the original directors are appointed by
the incorporators, the original directors shall be identified in the proposed form of the
certificate of incorporation submitted to the governing body of each of the authorizing subdivisions
together with the application for authority to...
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41-10-492
Section 41-10-492 Authority as public corporation. The state Finance Director, the state
Budget Officer and one person appointed by the Governor, one person appointed by the Speaker
of the House and one person appointed by the Lieutenant Governor, may become a public corporation
with the power and authority provided in this article by proceeding according to the provisions
hereof. Those persons appointed by the Governor, Lieutenant Governor and Speaker of the House
shall serve at the pleasure of the official appointing them and until their replacements have
been appointed. The State Treasurer shall be treasurer of the authority, shall act as custodian
of the funds of the authority, and shall pay the principal of and interest on the bonds of
the authority out of the funds hereinafter provided for; provided, that the State Treasurer
may designate one or more banks either within or without the state as the paying agent with
respect to any series of bonds issued under this article. (Acts...
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41-10-87
Section 41-10-87 Board of directors of corporation - Composition; qualifications, reelection,
etc., of members; vacancies; quorum; compensation and expenses of members; reduction to writing,
recordation and admissibility in evidence of proceedings of board. The corporation shall have
a board of directors composed of the number of directors provided for in the certificate of
incorporation and as otherwise provided in this article. All powers of the corporation shall
be exercised by its board or pursuant to its authorization. All directors shall be residents
of the county. No director shall be an officer of the state or of the county. If any director
resigns, dies, becomes incapable of acting as director or ceases to reside in the county,
the governing body shall elect a director to serve for the unexpired term of any director
elected by it, and the Governor shall appoint a successor to serve the unexpired term of any
director appointed by him. Directors shall be eligible for reelection...
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27-27-3
Section 27-27-3 Power of domestic insurers to indemnify directors, etc. Without limiting
the powers and authorities of domestic insurers, as provided in Section 27-27-61, a
domestic insurer shall have the power and is hereby authorized to indemnify any director,
officer, or employee, or former director, officer, or employee of the corporation, or any
person who may have served at its request as a director or officer of another corporation
in which it owns shares of capital stock or of which it is a creditor against expenses actually
and reasonably incurred by him in connection with the defense of any action or proceeding,
civil or criminal, in which he is made a party by reason of being, or having been, such director
or officer, except in relation to matters as to which he shall be adjudged in such action
or proceeding to be liable for negligence or misconduct in the performance of duty to the
corporation and to make any other indemnification that shall be authorized by the articles
of...
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11-88-5
Section 11-88-5 Authorization and procedure for amendment of certificate of incorporation.
(a) The certificate of incorporation of any authority incorporated under the provisions of
this article may at any time and from time to time be amended in the manner provided in this
section. (b)(1) The board of directors of the authority shall first adopt a resolution
proposing an amendment to the certificate of incorporation which shall be set forth in full
in the resolution and which amendment may include: a. A change in the name of the authority;
b. The addition to the service area of the authority of new territory lying within the determining
county; c. Provisions for the operation of a system or facility the operation of which is
not then provided for in the certificate of incorporation of the authority and which the authority
is authorized by this article to operate; d. Any matters which might have been included in
the original certificate of incorporation; e. Provisions for the addition...
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10A-2A-8.56
Section 10A-2A-8.56 Indemnification of officers. (a) A corporation may indemnify and
advance expenses under this Division E of this Article 8 to an officer who is a party to a
proceeding because he or she is an officer (1) to the same extent as a director; and (2) if
he or she is an officer but not a director, to such further extent as may be provided by the
certificate of incorporation or the bylaws, or by a resolution adopted or a contract approved
by the board of directors or stockholders, except for (i) liability in connection with a proceeding
by or in the right of the corporation other than for expenses incurred in connection with
the proceeding, or (ii) liability arising out of conduct that constitutes (A) receipt by the
officer of a financial benefit to which he or she is not entitled, (B) an intentional infliction
of harm on the corporation or the stockholders, or (C) an intentional violation of criminal
law. (b) Subsection (a)(2) shall apply to an officer who is also a...
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11-85-101
Section 11-85-101 Incorporation of authority. The Governor, or his or her designee,
the Finance Director, the Lieutenant Governor, or his or her designee, the Speaker of the
House of Representatives, or his or her designee, the Chairman of the Regional Revolving Loan
Policy Committee, and the President of the Alabama Association of Regional Councils, or his
or her designee shall become a public corporation with the powers provided for in this article
by proceeding according to Section 11-85-102. (Act 98-195, p. 338, ยง2.)...
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10A-4-5.02
Section 10A-4-5.02 Admission of foreign professional corporations. (a) A foreign professional
corporation shall be entitled to register under Article 7 of Chapter 1 for authority to render
professional services in Alabama only if: (1) A professional corporation incorporated under
this chapter would be allowed to register or procure a certificate of authority or equivalent
authorization to render professional services in the state under whose laws the foreign professional
corporation is organized; (2) The foreign professional corporation meets the requirements
of Section 10A-4-2.01; (3) The foreign professional corporation designates the Alabama
licensed individual or individuals through whom it will render professional services in Alabama
and the individual or individuals are not, at time of the designation, so designated by any
other foreign professional corporation; (4) The name of the foreign professional corporation
meets the requirements of Section 10A-1-5.08, provided that the...
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11-50-170
Section 11-50-170 Authorized; terms; adoption of resolutions authorizing transfer. (a)
Every public corporation heretofore or hereafter organized or created in this state pursuant
to authorization or determination by a municipality or its governing body, which public corporation
now or hereafter owns a water system or systems, and any municipality in this state in which
any part of such water system or systems is situated are each hereby authorized, without the
necessity of an election of qualified voters of any such municipality or of any other approval
or proceeding other than those specifically prescribed in this article, to transfer and convey
such system or systems and all right, title, and interest therein, including, without limitation,
all reversionary, residuary, or remainder rights provided by law to any other public corporation,
the certificate of incorporation of which was filed in the office of the probate judge of
the same county in which was filed the certificate of...
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