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11-49A-8
subject to the provisions of Section 11-49A-20) specified in its certificate of incorporation;
(2) To sue and be sued in its own name in civil suits and actions and to defend suits against
it; (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, receive, and take, by purchase, gift, lease, devise, or otherwise, and to hold property
of every description, real, personal, or mixed, whether located in one or more counties
or municipalities and whether located within or outside the authorizing municipality; (6)
To make, enter into, and execute such contracts, agreements, leases, and other instruments
and to take other actions as may be necessary or convenient to accomplish any purpose for
which the authority was organized or to exercise any power expressly granted hereunder; (7)
To plan, establish, develop, acquire, purchase, lease, construct, reconstruct,...
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23-1-50.1
Section 23-1-50.1 Road machinery and equipment management program; Equipment Management Surplus
Reserve Account. (a) It is the intent of the Legislature to give the State Department of Transportation
authority to accumulate depreciation, equipment replacement allowances, and salvage value
on road machinery and equipment sufficient to upgrade, replace, or make extraordinary repairs
to the road machinery and equipment of the State Department of Transportation, as determined
by a road machinery and equipment management program to be developed by the department. (b)
Unless the context clearly indicates otherwise, the following words and phrases will have
the following meanings: (1) STATE DEPARTMENT OF TRANSPORTATION DIVISIONS. Those divisions
of the Department of Transportation responsible for road construction and maintenance over
a specified geographic area of the state. (2) DEPRECIATION. That process of allocating the
original cost per fixed asset over the productive life of the asset...
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37-1-15
and boards of managers of such homes; necessary caretakers of livestock, poultry and fruit;
employees on sleeping cars, express cars and buses; linemen of telegraph and telephone companies;
railway mail service employees; post-office inspectors; custom inspectors; immigration inspectors;
newsboys on trains; baggage agents; witnesses attending any legal investigation or civil action
in which such carrier is interested; persons injured in wrecks, when being transported from
the place of injury to their homes or places of treatment and physicians and nurses
attending such persons. Members of the Public Service Commission and its agents and employees,
when traveling on official business, may pass free of charge on all the railroads and all
other common carriers and may receive free tickets, passes and transportation from such carriers.
Also, all such carriers may interchange passes, free tickets and transportation for the officers,
agents and employees and their immediate families...
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40-11-1
and all capital invested in bonds or currency which are exempt from taxation shall be liable
to be taxed under this section should such capital at any time during the year be reconverted
into money, bonds, or property which is taxable, unless it is made to appear that the money,
bonds, or property into which such reconversion may be made has been assessed for taxes for
such year; (8) All roadbed, track, engines, cars, derricks, cranes, signals, crossties, and
other property, real and personal, of railroads, of mining and manufacturing plants,
and all tramroads, pole-roads, canals, ditches, and channels used for transporting or moving
mineral ore, lumber, timber, logs, minerals, coal, ore, sand, gravel, or other commodities,
whether raw or manufactured, which are not taxed as improvements on the land or plant or main
property, of the owner of such tramroads, pole-roads, canals, ditches, or channels; (9) Repealed
by Act 99-665, 2nd Sp. Sess., ยง 9. As to effective date, see the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-11-1.htm - 11K - Match Info - Similar pages
11-54-129
Section 11-54-129 Use of assets. (a) Subject to succeeding provisions hereof with respect to
the investment of moneys held in and forming a part of an endowment trust fund, and the management,
use, and disposition of other properties, whether real or personal, tangible or intangible,
contributed to such fund, all moneys held in and forming a part of an endowment trust fund,
whether such moneys may be characterized as either principal or income of such fund, may be
expended, and all other properties contributed to a trust fund may be used only to induce
new business, manufacturing, industrial, commercial, service, and research enterprises, whether
or not any such enterprise, or any property to be utilized in connection therewith, would
constitute a "project" within the meaning of either industrial development board
act, to locate within the statutory service area of the board that created such fund, and
to foster activities and policies conducive to the continuing prosperity of such...
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23-1-273
Section 23-1-273 Erection or maintenance of signs - Prohibited in adjacent areas; exceptions.
No sign shall, subject to the provisions of Section 23-1-274, be erected or maintained in
an adjacent area after February 10, 1972, nor shall any outdoor advertising sign, display,
or device with the purpose of its message being read from the main-traveled way of an interstate
highway or primary highway be erected after April 11, 1978, outside of an urban area beyond
660 feet of the nearest edge of right-of-way of an interstate or primary highway, except the
following: (1) Directional and official signs, including, but not limited to, signs pertaining
to natural wonders, scenic and historical attractions, safety rest areas, and information
centers, which are authorized by the director, under promulgated rule, and which comply with
regulations promulgated by the director relative to their lighting, size, number, spacing,
and other such requirements as may be appropriate to implement this...
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23-1-306
office of the corporation is located. (3) To have and to use a corporate seal and to alter
the same at pleasure. (4) To construct, reconstruct and relocate or to cause to be constructed,
reconstructed and relocated federal aid projects, including work incidental or related thereto,
in the State of Alabama. (5) To acquire by purchase, gift or condemnation or any other lawful
means or any combination of such means and to convey or cause to be conveyed to the State
of Alabama any real, personal, or mixed property necessary or convenient in connection
with the construction of federal aid projects and approaches thereto in the State of Alabama
or the reconstruction or relocation of federal aid projects in said state. (6) To exercise
the right of eminent domain as freely and completely as, and in the same manner that, the
State of Alabama is empowered to exercise such right. (7) To borrow money for its corporate
purposes and in evidence of such borrowing to sell and issue its...
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23-6-7
without time limit; (2) To sue and be sued and to prosecute and defend, at law or in equity,
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 construct, reconstruct,
and relocate industrial access roads and bridges within the state or to cause the same to
be constructed, reconstructed, and relocated; (5) To receive, take and hold by sale, gift,
lease, devise or otherwise, real and personal estate of every description, and to manage
the same; (6) To acquire by purchase, gift, or the exercise of the power of eminent domain,
or any other lawful means, and to transfer, convey or cause to be conveyed to the state, any
real, personal or mixed property necessary or convenient in connection with the construction,
reconstruction, or relocation of industrial access roads and bridges in the state; (7) To
exercise the right of eminent domain as freely and completely as, and in the same...
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37-13-7
corporate name for the duration of time (which may be in perpetuity) specified in its certificate
of incorporation; (2) To sue and be sued in its own name in civil suit and actions; (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, receive,
take and hold, whether by purchase, gift, lease, devise, or otherwise, property of every description,
whether real, personal or mixed, whether in one or more counties and whether within
or without the boundaries or corporate limits (as the case may be) of any authorizing subdivision,
and to manage said property, and to develop any undeveloped property owned, leased or controlled
by it in a manner necessary or convenient to carry out the purposes of this chapter; (6) To
execute such contracts and other instruments and to take such other action as may be necessary
or convenient to carry out the purposes of this...
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37-8-28
discharge and boards of managers of such homes; to necessary caretakers of livestock, poultry
and fruit, to employees on sleeping cars and express cars, and to linemen of telegraph and
telephone companies, to railway mail service employees, postoffice inspectors, custom inspectors,
and immigration inspectors, to newsboys on trains, baggage agents, witnesses attending any
legal investigation in which the carrier is interested, persons injured in wrecks when being
transported from the place of injury to their homes and places of treatment and physicians
and nurses attending such persons; and members of the public service commission, and its agents
and employees when traveling on official business only; but this section shall not be construed
to prohibit the interchange of passes for the officers, agents, and employees of railroads
and other common carriers and their immediate families, nor prohibit any such carrier from
carrying passengers free with the object of providing relief in...
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