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5-6A-3
Section 5-6A-3 Meeting of board of directors; bonds of officers and employees of banks. (a)
The board of directors of any bank shall hold regular meetings at such time as may be fixed
by the bylaws, at least once every two months, and shall at all times be subject to call by
the president or by any two members of the board. Notwithstanding contrary provision in the
certificate of incorporation or bylaws of a bank, meetings of the board of directors may be
called by the superintendent and held at any place he requires. (b) The board of directors,
at their first meeting after election, shall fix and prescribe the amount of bond that shall
be required of each officer and employee of the bank, and shall not be less than the amount
that may have been fixed or that may be hereafter fixed by the superintendent for officers
and employees of banks of the class to which it belongs. They shall require bonds, either
individual or in blanket form, from each and every officer and employee handling...
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11-81-51
Section 11-81-51 Purposes for which bonds may be issued. All municipalities shall have full
and continuing power and authority within the limits of the Constitution now in effect or
that may be hereafter provided to issue and sell bonds (when such issue is authorized by an
election as provided in this article if such election is required by the Constitution, but
without an election if an election is not so required) for the following named purposes: (1)
For the purpose of constructing, reconstructing, enlarging or extending public buildings,
sewers, streets, alleys, bridges and public schoolhouses and buildings and of constructing
or acquiring by purchase or otherwise water, electric light, electric power and gas plants
and systems or any two or more such plants or systems combined, including transmission and
distribution systems, and of constructing enlargements and extensions to any such plants or
systems; (2) For the purchase of real estate necessary for any improvement authorized...
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15-13-203
Section 15-13-203 Alabama Professional Bail Bonding Board - Creation; composition; adoption
and enforcement of rules; compensation. (a) The Alabama Professional Bail Bonding Board is
created to administer and enforce this article. The board shall consist of all of the following
members: (1) Seven professional bondsmen, one from each of the seven congressional districts
of the state, nominated by the Alabama Bail Bond Association and appointed by the Governor
from a list of not more than four nominees for each position on the board. For the initial
terms of office, the President of the Alabama Bail Bond Association shall be the professional
bondsman member of the board who represents the congressional district in which he or she
resides. The nominating and appointing authorities shall coordinate their nominations and
appointments to ensure that one of the professional bondsman members is the owner of a professional
bail bond company with at least 10 years of experience. Except as...
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16-13-304
Section 16-13-304 Terms and conditions; sale; use of proceeds. (a)(1) Warrants issued pursuant
to this article may be in the denomination or denominations; shall have a maturity or maturities
not exceeding 30 years from their date; may bear interest from their date at the rate or rates
payable in the manner and at the times; may be payable at the place or places within or without
the State of Alabama; may be sold for such price and in the manner as provided in this article;
and may contain the terms not in conflict with the provisions of this article; all as the
board may provide in the proceedings pursuant to which the warrants are authorized to be issued.
(2)(i) The board may provide that the warrants shall bear interest at a rate or rates fixed
at the time of the issuance thereof. (ii) With the prior, specific approval of the State Superintendent,
given as provided in this article, the board may provide that the warrants shall bear interest
at rates which may be changed from time to...
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19-3B-802
Section 19-3B-802 Duty of loyalty. (a) A trustee shall administer the trust solely in the interests
of the beneficiaries. (b) Subject to the rights of persons dealing with or assisting the trustee
as provided in Section 19-3B-1012, a sale, encumbrance, or other transaction involving the
investment or management of trust property entered into by the trustee for the trustee's own
personal account or which is otherwise affected by a conflict between the trustee's fiduciary
and personal interests is voidable by a beneficiary affected by the transaction unless: (1)
the transaction was authorized by the terms of the trust; (2) the transaction was approved
by the court; (3) the beneficiary did not commence a judicial proceeding within the time allowed
by Section 19-3B-1005; (4) the beneficiary consented to the trustee's conduct, ratified the
transaction, or released the trustee in compliance with Section 19-3B-1009; or (5) the transaction
involves a contract entered into or claim acquired by...
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2-27-14
Section 2-27-14 Prohibited acts. (a) It shall be unlawful for any person to distribute, sell,
offer for sale or keep for sale within the state or deliver for transportation or transport
in intrastate commerce or between points within this state through any point outside this
state any of the following: (1) Any pesticide or device which has not been registered pursuant
to the provisions of Section 2-27-9, or any pesticide if any of the claims made for it or
any of the directions for its use differ in substance from the representations made in connection
with the registration or if the composition of a pesticide differs from its composition as
represented in connection with its registration; provided, that in the discretion of the commissioner,
a change in the labeling of a pesticide may be made within a registration period without requiring
reregistration of the pesticide. (2) Any pesticide or device, unless it is in the registrant's
or the manufacturer's unbroken immediate container...
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27-17A-14
Section 27-17A-14 Surety bond. (a) As an alternative to the trust requirement of Section 27-17A-13,
the details of which are set forth in Articles 3 and 4, a preneed provider may, with the prior
approval of the commissioner, purchase a surety bond in an amount not less than the aggregate
value of outstanding liabilities on undelivered preneed contracts for merchandise, services,
and cash advances. For the purposes of this section, the term outstanding liabilities means
the original retail amount of services and cash advances and the actual cost to the entity
to provide the undelivered merchandise sold on each contract written after April 30, 2002.
The surety bond shall be in an amount sufficient to cover the outstanding liability at the
time each contract is executed. (b) The bond shall be made payable to the State of Alabama
for the benefit of the commissioner and of all purchasers of preneed merchandise, services,
and cash advances. The bond shall be issued by an insurance company...
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35-8A-410
Section 35-8A-410 Escrow of deposits. (a) As used in this section, except as otherwise provided,
the following terms shall have the following meanings: (1) HARD COSTS. Any and all costs associated
with the actual building and construction of the condominium project, including, but not limited
to, site preparation, building materials, shell features, interior enclosures, fit-out costs,
mechanical and electrical systems, and fixtures. The term hard costs does not include financing
costs, compensation paid to architects, engineers, consultants, sales persons, or attorneys
or for advertising or other marketing costs. (2) QUALIFIED PURCHASER. a. An individual, a
group of individuals, or an entity owned directly or indirectly solely by individuals where
each individual shall have an income of more than two hundred thousand dollars ($200,000)
for the calendar year immediately preceding the date of the purchaser's signing of the purchase
contract, or a joint income with his or her spouse of...
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37-14-36
Section 37-14-36 Special rules for elimination of duplication. The separate agreements listed
below which have heretofore been entered into between, or negotiated between retail electric
suppliers, have been reviewed by the legislature, determined to be in the public interest
and found not to be inconsistent with the purposes and policies set forth in this article.
In areas to which these agreements are applicable, the procedures for elimination and prevention
of duplication of electric distribution facilities set forth in these agreements shall govern.
The following agreements are therefore mandated by the State of Alabama to be applicable:
(1) Agreement between Cherokee Electric Cooperative (successor to Cherokee County Electric
Membership Corporation) and Alabama Power Company dated June 5, 1940. (2) Agreement among
the City of Bessemer, Alabama, Alabama Power Company and the Tennessee Valley Authority dated
August 12, 1971. (3) Agreement between the City of Tarrant City, Alabama...
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37-2-4.1
Section 37-2-4.1 Owners of land proposed to be acquired by utility or telephone company to
be given notice of filing of application for certificate of convenience and necessity. Any
utility or telephone company that is required to obtain a certificate of convenience and necessity
under Section 37-2-4 or Section 37-4-28 from the Alabama Public Service Commission for the
construction or operation of any facility must give notice of the filing of such application
with said commission to the reasonably identifiable owners of all lands which are proposed
to be acquired for such construction or operation for which the certificate of convenience
and necessity is sought; except, that such notice requirement shall not apply to the acquisition
of lands or interest in lands for utility or telephone transmission or distribution lines
or to the purchase, lease or other acquisition of an existing utility or telephone system.
Such notice must be given in writing, and proof of service thereof must be...
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