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41-14A-6
Section 41-14A-6 Establishment of SAFE board of directors; powers and duties of the board of
directors. (a) There is hereby established a Board of Directors of the SAFE Program charged
with responsibility and authority to assess and manage the sufficiency of the collateral pool
and the SAFE Program to provide adequate protection from losses to public depositors. In exercising
its powers and performing its responsibilities, the board of directors shall constitute a
body politic under the laws of the state performing the public function of assuring the safety
of public deposits. (b) The State Treasurer shall be a permanent, standing, voting member
of the board of directors and shall serve as its chair. The Superintendent of Banks shall
be a permanent, standing, non-voting member of the board of directors. The remaining six members
shall each possess knowledge, skill, and experience in one or more of the following areas:
(1) Financial analysis. (2) Trend analysis. (3) Accounting. (4)...
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45-49A-10.03
Section 45-49A-10.03 Board of directors. All powers of the corporation shall be exercised by
the board of directors or pursuant to its authority. The directors shall be elected by the
governing body of the City of Bayou La Batre for staggered terms of office as follows: Two
years for the first appointee; three years for the second appointee; four years for the third
appointee; five years for the fourth appointee; six years for the fifth appointee; and thereafter
the term of office of each director shall be six years. If any director resigns or dies or
becomes incapable of acting as a director or ceases to reside in the city or is otherwise
disqualified to act, the governing body of the City of Bayou La Batre shall elect a successor
to serve for the unexpired term. Directors shall be eligible for reelection to succeed themselves
in office. A majority of the members of the board shall constitute a quorum for the transaction
of business. The corporation shall have a president, vice...
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11-56-6
Section 11-56-6 Board of directors; record of proceedings of board. The corporation shall have
a board of directors composed of the number of directors provided in the certificate of incorporation.
All powers of the corporation shall be exercised by the board or pursuant to its authorization.
The directors shall be residents of the municipality and shall be elected by the governing
body for staggered terms of office as follows: The first term of one third of the directors
shall be two years; of another one third, four years; and of the remaining one third, six
years. Thereafter the term of office of each director shall be six years. If any director
resigns, dies, becomes incapable of acting as a director or ceases to reside in the municipality,
the governing body shall elect a successor to serve for the unexpired period of his term.
Directors shall be eligible for reelection by the governing body to succeed themselves in
office. No director shall be an officer of the state or the...
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11-57-6
Section 11-57-6 Board of directors; record of proceedings of board. The authority shall have
a board of directors composed of the number of directors provided in the certificate of incorporation.
All powers of the authority shall be exercised by the board or pursuant to its authorization.
The directors shall be residents of the municipality and shall be elected by the governing
body for staggered terms of office as follows: The first term of one third of the directors
shall be two years; the first term of the second one third of the directors shall be four
years and the first term of the remaining one third of the directors shall be six years. Upon
the expiration of the initial term of each director, each subsequent term shall be six years.
If any director resigns, dies, becomes incapable of acting as a director, or ceases to reside
in the municipality, the governing body shall elect a successor to serve for the unexpired
portion of his term of office. Directors shall be eligible to...
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11-85-107
Section 11-85-107 Bonds - Authentication; redemption; sale; refunding; use of proceeds; security;
investment of funds. The bonds of the authority shall be signed by its president and attested
by its secretary and the seal of the authority shall be affixed thereto or a facsimile of
such seal shall be printed or otherwise reproduced thereon; provided, that a facsimile of
the signature of one, but not both, of said officers may be printed or otherwise reproduced
on any such bonds in lieu of being manually subscribed thereon and a facsimile of the signatures
of both of the officers may be printed or otherwise reproduced on such bonds in lieu of being
manually affixed thereof if the authority, in its proceedings with respect to issuance of
the bonds, provides for manual authentication of such bonds. The State Treasurer shall be
registrar, transfer agent, and paying agent for the bonds. The State Treasurer may designate
named individuals who are employees of the state and who are assigned to...
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34-37-4
Section 34-37-4 Meetings, compensation, and expenses of board. (a) The board shall meet when
necessary for the proper performance of its duties, but in no case less than once a year.
Meetings shall be held at places in the state as the board deems necessary. At its first meeting
next following May 2, 1989, and every two years thereafter, the board shall organize itself
by electing from its membership a chair, vice-chair, and a recording secretary. The board
shall appoint, employ, or contract with an executive director for the board, and may appoint,
employ, or contract with a deputy director, neither of whom shall be subject to the state
Merit System. The executive director shall serve as treasurer of the board, but the deputy
director may serve as treasurer of the board in the absence of the executive director or when
otherwise directed by the board. The executive director and the deputy director shall not
be a member of the board and shall not be engaged or otherwise connected with...
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34-9-41
Section 34-9-41 Officers of board; seal; meetings; compensation; disposition of funds. The
board shall annually elect from its membership a president, vice-president, and secretary-treasurer
and may employ staff members who are not members of the board. The board shall have a common
seal. The board shall hold an annual meeting for the purpose of transacting its business and
examinations, and additional meetings at such times and places as the board may designate.
A majority of the board shall constitute a quorum for the transaction of business at any meeting
except that in conducting hearings involving any of the penalties outlined in Section 34-9-18,
no less than five members of the board shall be present. In conducting hearings involving
any of the penalties outlined in Section 34-9-18, a majority of the board may appoint any
former member of the board who for such purposes shall have all the powers and privileges
of such office as a regular board member possesses. In conducting or...
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45-49A-83
Section 45-49A-83 Prichard Communication Authority. (a) There is created the Prichard Communication
Authority. (b)(1) The authority shall be governed by a board of directors consisting of five
members who shall be appointed by the mayor. Vacancies on the board shall be appointed by
the mayor. (2) The initial terms of the directors shall be staggered. Two members shall serve
for a term of two years, two members shall serve for a term of three years, and one member
shall serve for a term of four years. Within 30 days following July 28, 1995, the appointing
authority shall submit in writing the name and address of the members of the board of directors
to the judge of probate and a record of the appointments shall be filed and maintained in
the office of the judge of probate. At the organizational meeting of the members of the board
of directors of the authority, the members shall select the initial term for which each member
shall serve. The term of each member shall be filed with the...
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24-1A-3
Section 24-1A-3 Incorporation of authority authorized; application; filing; fees. (a) The nine
persons initially designated as members of the authority may become a corporation with the
power and authority provided in this chapter by proceeding according to the provisions of
this chapter. To become a corporation, the persons so designated shall present to the Secretary
of State an application signed by them which shall state: (1) That the applicants propose
to incorporate the authority pursuant to this chapter; (2) The name and official residence
of each of the applicants; (3) The date on which each applicant was appointed as a member
by the Governor and the expiration date of the term for which he was appointed; (4) The name
of the proposed corporation, which shall be "Alabama Housing Finance Authority";
(5) The location of the principal office of the proposed corporation, which shall be in the
City of Montgomery; and (6) Any other matter relating to the authority which the applicants...
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24-7A-2
Section 24-7A-2 Establishment of authority. There is created and established an Indian housing
authority for the jurisdiction of the State of Alabama, to be styled the Alabama Indian Housing
Authority. Its purpose shall be to provide safe and decent dwelling places for low-income
persons and families in Indian areas. The authority shall consist of five members who shall
be appointed by the commission from nominations submitted to the commission from the tribal
councils of the following tribal governments: (1) Cherokees of Southeast Alabama. (2) Cherokees
of Northeast Alabama. (3) Echota Cherokees. (4) Machis Creeks. (5) Star Clan of Muscogee (Creeks).
No person shall be barred from serving as a member of the authority because the person is
a tenant or home buyer in a tribal housing project. Members of the authority shall serve a
term of three years from their appointment, and may serve an unlimited number of terms. In
the event of a vacancy on the authority, the commission shall...
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