10A-20-7.01
Section 10A-20-7.01 Definitions. For the purposes of this article, the following terms shall
have the meanings respectively ascribed to them by this section: (1) BOARD OF DIRECTORS. The
board of directors of the corporation created under this article. (2) CORPORATION. An Alabama
industrial development corporation created under this article. (3) FINANCIAL INSTITUTION.
Any banking, mortgaging corporation or trust company, savings and loan association, insurance
company or related corporation, partnership, foundation, pension funds or other institution
engaged primarily in lending or investing funds. (4) LOAN LIMIT. For any member, the maximum
amount permitted to be outstanding at one time on loans made by the member to the corporation,
as determined under the provision of this article. (5) MEMBER. Any financial institution authorized
to do business within this state which shall undertake to lend money to a corporation created
under this article, upon its call and in accordance with the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-7.01.htm - 1K - Match Info - Similar pages

11-20-33
Section 11-20-33 Certificate of incorporation - Contents; execution and acknowledgment. (a)
The certificate of incorporation of any corporation organized under this article shall set
forth: (1) The names and residences of the applicants together with a recital that each of
them is an elector of and taxpayer in the county; (2) The name of the corporation, which shall
be The Industrial Development Board of _____ County (the blank space to be filled in with
the name of the county) if such name shall be available for use by the corporation and if
not available, then the incorporators shall designate some other similar name that is available;
(3) A recital that permission to organize the corporation has been granted by a resolution
duly adopted by the governing body of the county and the date of the adoption of such resolution;
(4) The location of the principal office of the corporation (which shall be in the county);
(5) The purposes for which the corporation is proposed to be organized;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-20-33.htm - 1K - Match Info - Similar pages

11-54-127
Section 11-54-127 Additional powers of boards. (a) In addition to all other powers conferred
on it by law, and subject to any express provisions of its certificate of incorporation to
the contrary, any industrial development board shall have all of the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To create or establish one or more endowment trust funds. (2) To receive and accept from
any private source, for the account of any endowment trust fund so created or established
by it, contributions in the form of gifts of money, stocks, bonds, and other debt securities,
other personal property, whether tangible or intangible, and real property of any description,
subject, in the case of any such contribution, to any lawful condition to the use thereof
that is specified by the donor thereof and that is not inconsistent with the provisions of
this division. (3) To deposit, or to cause to be deposited, into any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-127.htm - 4K - Match Info - Similar pages

11-62-5
Section 11-62-5 Board of directors. (a) Every authority shall be governed by a board of directors.
All powers of the authority shall be exercised by the board or pursuant to its authorization.
The board shall consist of three directors elected in the manner hereinafter prescribed, as
soon as may be practicable after the organization of the authority, by the governing body
of the determining municipality for staggered terms as follows: The first term of one director
shall begin immediately upon his election and shall end at noon on the second Monday of November
of the next succeeding odd-numbered calendar year following his election; the first term of
another director shall begin immediately upon his election and shall end at noon on the second
Monday of November of the second succeeding odd-numbered calendar year following his election;
and the first term of the remaining director shall begin immediately upon his election and
shall end at noon on the second Monday of November of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-5.htm - 4K - Match Info - Similar pages

41-10-395
Section 41-10-395 Board of directors; composition; actions of the authority; record of proceedings.
(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 the 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-395.htm - 4K - Match Info - Similar pages

45-25-250
Section 45-25-250 Definitions. When used in this article, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise.
(1) AUTHORITY. The DeKalb County Water Authority, a public corporation organized pursuant
to this article. (2) BOARD. The Board of Directors of the DeKalb County Water Authority. (3)
BONDS. Bonds, notes, and certificates representing an obligation to pay money. (4) COUNTY.
DeKalb County. (5) DIRECTOR. A member of the Board of Directors of the DeKalb County Water
Authority. (6) GARBAGE PICK-UP AND DISPOSAL. All services involved in the pick-up and disposal
of garbage from residents, businesses, and factories. (7) SEWER SERVICE. The construction,
operation, and maintenance of sewer disposal facilities and lines in areas of the county not
served by any other public sewer facility. (8) INCORPORATORS. The persons forming a public
corporation organized pursuant to this article. (9) MUNICIPALITY. An...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-25-250.htm - 3K - Match Info - Similar pages

45-27-90.04
Section 45-27-90.04 Powers of authority. The authority or its agents and employees may do all
of the following: (1) Investigate, study, and engage in basic research relative to the natural
resources of land, water, minerals, and people in the county and apply its findings in efforts
to promote a sound and balanced agricultural, industrial, and economic development of the
county. (2) Cooperate with municipal, regional, state, or federal planning or other industrial
development authorities. (3) Publicize and advertise the industrial, commercial, and agricultural
resources and opportunities in the county. (4) Collect, compile, and distribute literature
concerning the facilities, advantages, and attractions of the county, the educational, historic,
recreational, and scenic places of interest within the county, and the air, water, and highway
transportation facilities. (5) Contract with other agencies, individuals, or corporations
to promote the purposes of this article, and expressly to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27-90.04.htm - 2K - Match Info - Similar pages

45-28-220.03
Section 45-28-220.03 Etowah County Mega Sports Complex Authority. (a) This section shall only
apply in Etowah County. (b) The Etowah County Mega Sports Complex Authority is created. (c)(1)
The authority shall consist of the following members: a. The legislative sponsor of the act
creating the authority. b. A member appointed by each member of the local legislative delegation.
c. The Director of the Etowah County Chamber of Commerce. d. Three members appointed by the
Director of the Etowah County Chamber of Commerce. (2) The authority may appoint additional
members to the authority upon a majority vote of its members. (d) The authority shall evaluate
the development of a sports complex for Etowah County for implementation and administration
by the authority. The evaluation shall include, but is not limited to, the following considerations
and issues: (1) The feasibility of a mega sports complex for the county. (2) What should be
included in such a complex. (3) The location of such a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-28-220.03.htm - 2K - Match Info - Similar pages

45-32-90.04
Section 45-32-90.04 Powers of authority. The authority or its agents and employees may do all
of the following: (1) Investigate, study, and engage in basic research relative to the natural
resources of land, water, minerals, and people in the county and apply its findings in efforts
to promote a sound and balanced agricultural, industrial, and economic development of the
county. (2) Cooperate with municipal, regional, state, or federal planning or other industrial
development authorities. (3) Publicize and advertise the industrial, commercial, and agricultural
resources and opportunities in the county. (4) Collect, compile, and distribute literature
concerning the facilities, advantages, and attractions of the county, the educational, historic,
recreational, and scenic places of interest within the county and the air, water, and highway
transportation facilities. (5) Contract with other agencies, individuals, or corporations
to promote the purposes of this article, and expressly to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-32-90.04.htm - 1K - Match Info - Similar pages

45-36-162
Section 45-36-162 Distribution of payments. (a) Any payments coming into the treasury of Jackson
County that are derived, directly or indirectly, from payments by the Tennessee Valley Authority
in lieu of payment of taxes shall be appropriated as follows: (1) One percent to the Jackson
County Economic Development Fund paid to the fund monthly until it reaches a balance of one
million dollars ($1,000,000); the payments shall continue whenever the balance in the fund
drops below one million dollars ($1,000,000). The county commission may invest the funds to
the benefit of local governments and entities in the county, and expend the same for disaster
relief in the county or for any economic purpose that benefits the county, including, but
not limited to, any activity or purpose which provides an incentive for the creation or retention
of jobs and employment opportunities in the county. Participating local governments or entities
may apply for the funds for these purposes. It is the intent...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-162.htm - 8K - Match Info - Similar pages