24-9-6
Section 24-9-6 Acquisition of tax delinquent properties. (a) The authority, at such
times as it deems to be appropriate, may submit a written request to the Land Commissioner
of the Alabama Department of Revenue for the transfer of the state's interest in certain properties
to the authority. Upon receipt of such request, the Land Commissioner shall issue a tax deed
conveying the state's interest in the property to the authority. The authority shall not be
required to pay the amount deemed to have been bid to cover delinquent taxes or any other
amount in order to obtain the tax deed. (b) (1) Delinquent property which may be transferred
by the Land Commissioner to the authority shall be limited to parcels which have been bid
in for the state pursuant to Chapter 10 of Title 40 for at least five years and the state's
interest in real property acquired pursuant to Chapter 29 of Title 40 for delinquent taxes
administered by the state and held for at least five years. (2) The Land...
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24-9-7
Section 24-9-7 Disposition of tax delinquent properties. (a) The authority shall adopt
rules and regulations for the disposition of property in which the authority holds a legal
interest, which rules and regulations shall address the conditions set forth in this section.
(b) The authority may manage, maintain, protect, rent, repair, insure, alter, convey, sell,
transfer, exchange, lease as lessor, or otherwise dispose of property or rights or interests
in property in which the authority holds a legal interest to any public or private person
for value determined by the authority on terms and conditions, and in a manner and for an
amount of consideration the authority considers proper, fair, and valuable, including for
no monetary consideration. The transfer and use of property under this section and
the exercise by the authority of powers and duties under Act 2013-249 shall be considered
a necessary public purpose and for the benefit of the public. (c) Before the authority may
sell,...
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24-9-8
Section 24-9-8 Quiet title and foreclosure action. (a) The authority may initiate a
quiet title action under this section to quiet title to real property held by the authority
or interests in tax delinquent property held by the authority by recording with the office
of the judge of probate in the county in which the property subject to quiet title action
is located a notice of pending quiet title action. The notice shall include the name of the
taxpayer whose interest was affected by the tax sale; the name of any other party as revealed
by a search and examination of the title to the property who may claim an interest in the
property; a legal description of the property; the street address of the property if available;
the name, address, and telephone number of the authority; a statement that the property is
subject to the quiet title proceedings under Act 2013-249; and a statement that any legal
interests in the property may be extinguished by a circuit court order vesting title to...

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24-9-5
Section 24-9-5 Alabama Land Bank Authority Board. (a) There is created the Alabama Land
Bank Authority Board which shall govern the authority to administer and enforce this chapter.
(b) The board shall consist of the following members: (1) Four residents of the state appointed
by the Governor. (2) Two representatives from nonprofit organizations engaged in low-income
housing appointed by the Governor. (3) The Presiding Officer of the Senate or his or her designee.
(4) The Speaker of the House of Representatives or his or her designee. (5) The Chair of the
Senate Finance and Taxation General Fund Committee or his or her designee. (6) The Chair of
the House Ways and Means General Fund Committee or his or her designee. (7) The State Revenue
Commissioner or his or her designee. (8) The Superintendent of the State Banking Department
or his or her designee. (9) The Director of the Alabama Department of Economic and Community
Affairs or his or her designee. (10) The Secretary of the Alabama...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state,
shall execute a compact, in substantially the following form, with the State of Mississippi,
and the Legislature approves and ratifies the compact in the form substantially as follows:
Northeast Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states
solemnly agree: Article I. The purpose of this compact is to promote and develop trade, commerce,
industry, and employment opportunities for the public good and welfare in northeast Mississippi
and northwest Alabama through the establishment of a joint interstate authority to acquire
certain railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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11-92C-8
Section 11-92C-8 Powers of authority. (a) The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time, which may be
in perpetuity, subject to Section 11-92C-20, specified in its certificate of incorporation.
(2) To sue and be sued in its own name and to prosecute and defend civil actions in any court
having jurisdiction of the subject matter and of the parties; provided that the authority
shall be deemed to be a governmental entity as defined in Chapter 93 of this title for the
purpose of limiting the damages for which the authority may be liable. (3) To adopt and make
use of a corporate seal and to alter the seal at its pleasure. (4) To adopt and alter bylaws
for the regulation and conduct of its affairs and business. (5) To acquire, whether by purchase,
construction, exchange, gift, lease, or otherwise, and to refinance existing...
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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the
agency shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in
its corporate name. b. May sue and be sued in its corporate name. c. May adopt, use and alter
a corporate seal, which shall be judicially noticed. d. May enter into such contracts and
cooperative agreements with the federal, state and local governments, with agencies of such
governments, with private individuals, corporations, associations, trusts and other organizations
as the board may deem necessary or convenient to enable it to carry out the purposes of this
chapter, including the planned, orderly residential development of the area. e. May adopt,
amend and repeal bylaws. f. May appoint such managers, officers, employees, attorneys and
agents as the board deems necessary for the transaction of its business, fix their compensation,
define their duties, require bonds of such of them as the board may...
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45-23A-91.08
Section 45-23A-91.08 Powers of the authority. (a) The authority shall have the following
powers, together with all powers incidental thereto or necessary to the discharge thereof
in corporate form: (1) To have succession by its corporate name for the duration of time (which
may be perpetuity, subject to Section 45-23A-91.19) specified in its certificate of
incorporation. (2) To sue and be sued in its own name and to prosecute and defend civil actions
in any court having jurisdiction of the subject matter and of the parties. (3) To adopt and
make use of a corporate seal and to alter the same at pleasure. (4) To adopt and alter bylaws
for the regulation and conduct of its affairs and business. (5) To acquire, whether by purchase,
construction, exchange, gift, lease, or otherwise and to refinance existing indebtedness on,
improve, maintain, equip, and furnish one or more projects, including all real and personal
properties which the board of the authority may deem necessary in connection...
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45-41A-40.08
Section 45-41A-40.08 Powers of the authority. (a) The authority shall have all of the
following powers, together with all powers incidental thereto or necessary to the discharge
thereof in corporate form: (1) To have succession by its corporate name for the duration of
time which may be perpetuity, subject to Section 45-41A-40.19, specified in its certificate
of incorporation. (2) To sue and be sued in its own name and to prosecute and defend civil
actions in any court having jurisdiction of the subject matter and of the parties. (3) To
adopt and make use of a corporate seal and to alter the same at pleasure. (4) To adopt and
alter bylaws for the regulation and conduct of its affairs and business. (5) To acquire, whether
by purchase, construction, exchange, gift, lease, or otherwise and to refinance existing indebtedness
on, improve, maintain, equip, and furnish one or more projects, including all real and personal
properties which the board of the authority may deem necessary in...
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24-9-10
Section 24-9-10 Incorporation of local authority. (a) If the number of tax delinquent
properties in a municipality exceeds 1,000, then the governing body of a municipality may
adopt a resolution declaring that it is wise, expedient, and necessary that a local authority
be formed by the municipality by the filing for record of a certificate of incorporation in
accordance with the provisions of subsection (c). (b) If the number of tax delinquent properties
in a municipality exceeds 1,000, then the governing body of a county may adopt a resolution
declaring that it is wise, expedient, and necessary that a local authority be formed by the
county by the filing for record of a certificate of incorporation in accordance with the provisions
of subsection (c). (c) Upon the adoption of the authorizing resolution, the municipality or
county, as the case may be, shall proceed to incorporate the local authority by filing for
record in the office of the judge of probate of the county a certificate...
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