11-92C-4
Section 11-92C-4 Procedure to incorporate; contents and execution of certificate of incorporation.
(a) Within 40 days following the adoption of the authorizing resolution, the applicants shall
proceed to incorporate the authority by filing for record in the office of the judge of probate
of the county in which the proposed local redevelopment area is located a certificate of incorporation
which shall comply in form and substance with the requirements of this section and which shall
be in the form and executed in the manner provided in this section. (b) The certificate of
incorporation of an authority shall state all of the following: (1) The names of the persons
forming the authority, and that each of them is a duly qualified elector residing in the authorizing
subdivision. (2) The name of the authority, which shall include the local redevelopment authority.
(3) A general description of the proposed project. (4) The period for the duration of the
authority; subject to Section...
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11-92C-6
Section 11-92C-6 Board of directors to govern each authority. (a) All powers of an authority
shall be exercised by the board or pursuant to its authorization. The board shall consist
of three or more directors, who shall be elected by the governing body of the authorizing
subdivision for staggered terms as provided in this section. (b) At the time of the election
of the first board, the governing body of the authorizing subdivision shall divide the directors
into three groups containing as nearly equal whole numbers as may be possible. The governing
body of the authorizing subdivision shall specify for which term each director is elected.
The initial term of office of the first group shall be two years. The initial term of office
of the second group shall be four years. The initial term of office of the third group shall
be six years. (c) Thereafter, the term of office of each director shall be six years. If at
the expiration of any term of office of any director a successor has not...
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11-97-2
The board of directors of a corporation. (4) BONDS. Bonds, notes, or other obligations representing
an obligation to pay money. (5) CORPORATION. Any public corporation organized pursuant to
the provisions of this chapter. (6) COSTS. As applied to a facility or any portion thereof,
shall include all or any part of the cost of construction, acquisition, alteration, enlargement,
extension, reconstruction, improvement, and remodeling of a facility, including all lands,
structures, real or personal property, rights, rights-of-way, franchises, easements,
permits, approvals, licenses, and certificates and interests acquired or used for, in connection
with or with respect to a facility, the cost of demolishing or removing any buildings or structures
on land so acquired, including the cost of acquiring lands to which such buildings or structures
may be moved, the cost of all machinery and equipment, financing charges, underwriters' commissions
or discounts, interest prior to, during, and...
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22-3A-2
Section 22-3A-2 Definitions. The following words and phrases used in this chapter, unless the
context clearly indicates otherwise, shall have the following respective meanings: (1) AUTHORITY.
The public corporation organized pursuant to the provisions of this chapter. (2) BONDS. The
bonds issued under the provisions of this chapter. (3) COUNTY BOARD(S) OF HEALTH. County board(s)
of health provided for in Chapter 3 of Subtitle 1 of Title 22. (4) DIRECTORS. The board of
directors of the authority. (5) GOVERNMENT SECURITIES. Any bonds or other obligations which
as to principal and interest constitute direct obligations of, or are unconditionally guaranteed
by, the United States of America, including obligations of any federal agency to the extent
such obligations are unconditionally guaranteed by the United States of America and any certificates
or any other evidences of an ownership interest in such obligation of, or unconditionally
guaranteed by, the United States of America or in...
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45-23A-91.06
Section 45-23A-91.06 Board of directors. Each 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 seven directors who shall be elected by the governing body of the
city for staggered terms as hereinafter provided. The governing body of the city shall specify
for which term each director is elected. The initial terms of office of two directors shall
be two years each. The initial terms of office of two directors shall be four years each.
The initial terms of office of three directors shall be six years. Thereafter, the term of
office of each such director shall be six years. If at the expiration of any term of office
of any director, a successor thereto shall not have been elected, then the director whose
term of office shall have expired shall continue to hold office until his or her successor
shall be so elected. If at any time there should be a vacancy on the...
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45-27A-31.06
Section 45-27A-31.06 Board of directors. Each 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 seven directors who shall be elected by the governing body of the
city for staggered terms as hereinafter provided. The governing body of the city shall specify
for which term each director is elected. The initial terms of office of two directors shall
be two years each. The initial terms of office of two directors shall be four years each.
The initial term of office of three directors shall be six years. Thereafter, the term of
office of each such director shall be six years. If at the expiration of any term of office
of any director, a successor thereto shall not have been elected, then the director whose
term of office shall have expired shall continue to hold office until his or her successor
shall be so elected. If at any time there should be a vacancy on the...
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45-28-91.01
board shall be interested, directly or indirectly, in any contract of work, materials, or services.
(e) The board shall have the power to do all of the following: (1) To sue and be sued. (2)
To acquire property and rights and interests in property by gift, lease, or purchase. (3)
To have a seal and alter the same at pleasure. (4) To appoint officers, agents, or employees
as deemed necessary. (5) To make contracts and to execute all instruments necessary to lease
or purchase and own real or personal property to be used for the furtherance of the
purposes for the accomplishment of which the board is created. (6) To accept or receive gifts,
bequests, and devises. (7) To invest its funds not needed to meet disbursements in bonds or
obligations of the United States of America or deposit such funds in any bank or building
and loan association, provided the deposit is fully insured by a federal corporation or agency
of the federal government insuring deposits in financial institutions or...
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45-35A-52.06
Section 45-35A-52.06 Board of directors. Each 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 seven directors who shall be elected by the governing body of the
city for staggered terms as hereinafter provided. The governing body of the city shall specify
for which term each director is elected. The initial terms of office of two directors shall
be two years each. The initial terms of office of two directors shall be four years each.
The initial term of office of three directors shall be six years. Thereafter, the term of
office of each director shall be six years. If at the expiration of any term of office of
any director, a successor thereto shall not have been elected, then the director whose term
of office shall have expired shall continue to hold office until his or her successor shall
be so elected. If at any time there should be a vacancy on the board, a...
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45-41A-10.06
Section 45-41A-10.06 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 or pursuant to its
authorization. The board shall consist of seven directors who shall be elected by the governing
body of the city. The board shall consist of at least one each of the following qualified
persons: (1) A licensed and practicing attorney. (2) A registered surveyor or practicing civil
engineer. (3) A licensed and practicing accountant. (4) Three persons conducting day-to-day
services, or property owners within the downtown development area. (5) One at large director
residing within the corporate limits of the City of Auburn. (b) The board shall be appointed
for staggered terms as hereinafter provided. The governing body of the city shall specify
for which term each director is elected. The initial term of office of two directors shall
be two years each. The initial term of office of two directors shall be four...
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45-41A-40.06
Section 45-41A-40.06 Board of directors. Each 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 seven directors who shall be elected by the governing body of the
city for staggered terms as hereinafter provided. The governing body of the city shall specify
for which term each director is elected. The initial term of office of two directors shall
be two years each. The initial term of office of two directors shall be four years each. The
initial term of office of three directors shall be six years each. Thereafter, the term of
office of each director shall be six years. If at the expiration of any term of office of
any director, a successor thereto shall not have been elected, then the director whose term
of office shall have expired shall continue to hold office until his or her successor shall
be so elected. If at any time there should be a vacancy on the board,...
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