41-10-424
Section 41-10-424 Board of directors. (a) The authority shall be governed by a board of directors,
constituted as provided for in this section. All powers of the authority shall be exercised
by said board or pursuant to its authorization. The directors shall elect officers of the
board. The presence of a majority of the members of the board of directors, or their designees,
shall constitute a quorum for the transaction of business. No vacancy on the board of directors
or the voluntary disqualification or abstention of any director thereof shall impair the right
of a quorum of the board of directors to act. Any action which may be taken at a meeting of
the directors or committee of directors may be taken without a meeting if a consent in writing,
setting forth the action so taken, is signed by all the directors or all the members of the
committee of directors, as the case may be. Such consent shall have the same force and effect
as a unanimous vote and may be stated as such in any...
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45-17-90.02
Section 45-17-90.02 Board of directors; meetings; compensation. (a) The 24 members of the authority
shall constitute the board of directors of the authority. The authority shall hold an organizational
meeting within 30 days after the appointment of all its members and shall elect a chair, vice
chair, and treasurer from among its members. (b) Terms of office and the duties and responsibilities
of the officers shall be set forth in the bylaws of the authority. The board of directors
shall oversee the affairs and management of the authority. (c) The authority shall meet at
the time and place designated by the chair of the board or, in the absence of the chair, by
the vice chair. The chair or a majority of the members of the board may call a meeting of
the authority, and at least four meetings shall be held annually. The chair shall preside
at each meeting of the authority. In the absence of the chair, the vice chair shall preside.
A majority of the members of the authority shall...
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45-39-92.02
Section 45-39-92.02 Board of directors; meetings; compensation. (a) The 24 members of the authority
shall constitute the board of directors of the authority. The authority shall hold an organizational
meeting within 30 days after the appointment of all its members and shall elect a chair, vice
chair, and treasurer from among its members. (b) Terms of office and the duties and responsibilities
of the officers shall be set forth in the bylaws of the authority. The board of directors
shall oversee the affairs and management of the authority. (c) The authority shall meet at
the time and place designated by the chair of the board or, in the absence of the chair, by
the vice chair. The chair, or a majority of the members of the board, may call a meeting of
the authority, and at least four meetings shall be held annually. The chair shall preside
at each meeting of the authority. In the absence of the chair, the vice chair shall preside.
A majority of the members of the authority shall...
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33-12-4
Section 33-12-4 Election of officers; designating time and place for meetings; compensation
and expenses of directors. (a) Upon completion of the membership of the baord and incorporation
as provided in Sections 33-12-2 and 33-12-3, the appointees and ex officio members shall meet
and organize at Athens, Alabama, elect a chairman, vice-chairman and secretary-treasurer,
and set a regular time and place for meetings of the board. (b) Directors shall serve without
compensation, except reimbursement for actual traveling expenses and other necessary expenses
incurred in the performance of their official duties, such expenses to be reimbursed from
such funds as may be available to the agency. (Acts 1965, No. 627, p. 1142, §4.)...
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9-10-4
Section 9-10-4 Election of officers; board meetings; records and copies of board proceedings;
exercise of corporate powers; compensation of board members. Upon completion of the membership
of the board of directors and incorporation as provided in this article, the board members
shall meet in an organizational session at the place of its main office and elect a chairman,
vice-chairman, a secretary and a treasurer, but the office of secretary and treasurer may
be held by the same person. The board shall set a regular time and place for its meetings,
and a majority of its members shall constitute a quorum for the transaction of its business.
All proceedings of the board shall be reduced to writing by the secretary of the corporation
and recorded in a well-bound book. Copies of such proceedings, when certified by the secretary
of the corporation, shall be received in all courts as evidence of the matters and things
therein certified. All powers of the corporation shall be exercised by the...
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10A-30-2.08
Section 10A-30-2.08 Management by shareholders; applicable to corporations formed as close
corporations or electing close corporation status prior to January 1, 1995. The certificate
of formation of a close corporation may provide that the business of the corporation shall
be managed by the shareholders of the corporation rather than by a board of directors. So
long as this provision continues in effect: (1) No meeting of shareholders need be called
to elect directors; (2) Unless the context clearly requires otherwise, the shareholders of
the corporation shall be deemed to be directors for purposes of applying provisions of this
article; and (3) The shareholders of the corporation shall be subject to all liabilities of
directors. Such a provision may be inserted in the certificate of formation by amendment if
all incorporators and subscribers or all holders of record of all of the outstanding shares,
whether or not having voting power, authorize such a provision. An amendment to the...
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23-1-158
Section 23-1-158 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the corporation, remaining after paying the expenses of their issuance,
shall be turned in to the Treasury or shall be deposited into such account or accounts as
specified in the resolution of the board of directors whereunder such bonds are authorized
to be issued, and shall be subject to be drawn on upon the approval of the Department of Transportation
solely for the purpose of constructing, reconstructing, and relocating public roads, bridges
and approaches thereto, tunnels, other public roadway improvements, or work incidental or
related thereto, in the State of Alabama, including the acquisition of property necessary
for such construction, reconstruction, and relocation and incidental and related work. If
action is necessary in order to comply with any federal legislation relating to federal aid
in construction of roads, the corporation may authorize the...
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41-9-721
Section 41-9-721 Meetings; composition; appointment, terms, etc., of members; expenses; organization.
The board shall meet annually by the first day of March each year and at such other times
as called either by the chairman or upon petition for such meeting submitted by three or more
members. The board shall be composed of seven Alabama residents, who shall serve for terms
as herein prescribed until a successor is named or they are reappointed. Two members shall
be appointed by the Governor of Alabama for terms of four years and six years, one shall be
appointed by the trustees of the Southern Museum of Flight for a term of six years, and one
each by the Mayors or chief executives of Mobile, Montgomery, Huntsville and Birmingham. The
first members appointed by the Governor shall serve for a term of four years, and the first
members appointed by the Mayors of Montgomery, Huntsville, Birmingham and Mobile shall serve
for four years. Members of the board shall not be compensated for...
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11-50-525
Section 11-50-525 Board of directors. The government of the corporation shall be vested in
the board, which may by resolution exercise or provide for the exercise of all the powers
of the corporation. The board shall be composed of one director from each municipality located
in the power district having a population of 1,000 or more inhabitants according to the last
or any future federal census, whose election shall be certified to the corporation by the
clerk of such municipality as hereinafter provided. The governing body of each such municipality
having such population may elect a director from such municipality. The election of each such
director shall be certified to the corporation by the clerk of the municipality whose governing
body shall make such election, as and when any such election shall be so made. The directors
so certified shall constitute the board, and a majority thereof at any time existing shall
constitute a quorum of the board for the transaction of business. The...
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33-17-8
Section 33-17-8 Powers enumerated. The authority shall have the following powers: (1) To have
succession by its corporate name without time limit; (2) To bring civil actions and have civil
actions brought against it and to prosecute and defend 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 receive, take and hold by sale, gift, lease, devise or otherwise
real and personal property of every kind and description, and to manage the same; (5) To acquire
by purchase, gift or the exercise of the power of eminent domain, or by any other lawful means,
any property, whether real, personal or mixed, the acquisition of which is found by the board
to be necessary or convenient to the authority in the carrying out of the purposes for which
the authority is authorized to be organized, and to lease or convey any such property or to
cause any such property to be leased or conveyed to the United...
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