45-37A-56.44
Section 45-37A-56.44 Dissolution of authority. At any time when no bonds of the authority are
outstanding, the authority may be dissolved upon the filing with the judge of probate, in
the county in which is filed the certificate of incorporation, of an application for dissolution,
which shall be subscribed by each of the members of the board and sworn to by each member
before an officer authorized to take acknowledgments to deeds. Upon the filing of such application
for dissolution, the authority shall cease to exist. The judge of probate shall receive and
record the application for dissolution in an appropriate book of record in his or her office.
Upon dissolution, all rights, title, and interest of the authority in property shall be vested
in the city. (Acts 1971, No. 2079, p. 3335, §25.)...
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11-71-10
Section 11-71-10 Dissolution and liquidation of authority. If at any time an authority has
no assessments outstanding, and has paid all its indebtedness, and distributed any excess
funds, the board may adopt a resolution recommending to the municipality that the authority
be dissolved and liquidated. Upon delivery of a copy of the resolution to the municipality,
if it considers it expedient, the municipality may adopt a resolution declaring the authority
dissolved. Upon declaring the authority dissolved, the authority shall dedicate the facilities
and revitalization projects to the municipality. The municipality must formally accept such
dedicated facilities and projects before it agrees to assume the legal obligation to maintain
the facilities and projects. (Act 2011-689, p. 2105, §10.)...
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16-17A-23
Section 16-17A-23 Dissolution of authority. (a) At any time when an authority does not have
any indebtedness or other contractual or legal obligations outstanding, an authority may be
dissolved by filing articles of dissolution with the Secretary of State, but only with the
approval of both the board of the authority and the sponsoring university in the manner provided
in this section. (b) In order to dissolve an authority, the following steps shall be completed:
(1) The board shall first adopt a resolution proposing dissolution of the authority. (2) After
the adoption by the board of a resolution approving articles of dissolution, the authority
shall file with the sponsoring university a written request to the sponsoring university for
adoption of a resolution approving dissolution of the authority. (3) As promptly as may be
practicable after the receipt of the application from the authority, the sponsoring university
shall review the application, and its governing body shall adopt a...
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11-15-18
Section 11-15-18 Dissolution. At any time when the corporation does not have any warrants outstanding,
the governing body may adopt a resolution, which shall be duly entered upon the minutes of
the governing body, declaring that the corporation shall be dissolved. Upon the filing for
record of a certified copy of said resolution in the office of the judge of probate of the
county, the corporation shall thereupon stand dissolved, and, in the event it owned any property
at the time of its dissolution, the title to all its property shall thereupon vest in the
county. In the event the corporation shall at any time have outstanding warrants issued under
this chapter payable out of the revenues from different projects, then, as and when the principal
of and interest on all warrants payable from the revenues derived from any project shall have
been paid in full, title to the project with respect to which the warrants so paid in full
have been paid shall thereupon vest in the county, but such...
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11-61A-24
Section 11-61A-24 Dissolution. When no bonds of the authority are outstanding, the authority
may be dissolved upon the filing with the judge of probate, in the county in which is filed
the certificate of incorporation, an application for dissolution. The application for dissolution
shall be subscribed by each member of the board and sworn to by each member before an officer
authorized to take acknowledgments to deeds. Upon the filing of an application for dissolution,
the authority shall cease to exist. The judge of probate shall receive and record the application
for dissolution in an appropriate book of record in his or her office. Upon dissolution, all
rights, title, and interest of the authority in property shall be vested in the municipality.
(Acts 1994, No. 94-254, p. 470, §24.)...
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22-21-82
Section 22-21-82 Dissolution of corporation. At any time when the corporation owns no property
and has no indebtedness outstanding, the county commission of the county in which the corporation
was organized may adopt a resolution, which shall be duly entered upon the minutes of said
county commission, declaring that the corporation shall be dissolved. Upon the filing for
record of a certified copy of said resolution in the office of the judge of probate of said
county, the corporation shall thereupon stand dissolved. The formation of one or more corporations
under the provisions of this division shall not prevent the subsequent formation under this
division of another corporation or corporations. (Acts 1949, No. 46, p. 68, §11; Acts 1967,
No. 401, p. 1010, §5.)...
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45-30-250.18
Section 45-30-250.18 Transfer of assets and liabilities upon dissolution of predecessor entitites.
Upon approval of this article by the Governor and the filing of the certificate of incorporation
by the authority, the Franklin County Water Coordinating and Fire Prevention Authority created
pursuant to Amendment 518 to the Constitution of Alabama of 1901, and Act 88-914, 1988 1st
Sp. Sess. (Acts 1982, p. 492) and the Franklin County Water and Fire Protection Authority,
incorporated pursuant to Title 11, shall be dissolved. Also, at that time the assets and liabilities,
including, but not limited to, outstanding bonded indebtedness, of the Franklin County Water
Coordinating and Fire Prevention Authority and the Franklin County Water and Fire Protection
Authority shall automatically be transferred to the Franklin County Water Service Authority
created by this article. (Act 93-376, p. 638, §19.)...
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11-49A-5
Section 11-49A-5 Certificate of incorporation - Filing; contents; signing and acknowledging;
additional documents; notice to Secretary of State. Within 40 days following the adoption
of an authorizing resolution by the governing body the applicants shall proceed to incorporate
an authority by filing for record in the office of the judge of probate of the county in which
the municipality is located, a certificate of incorporation which shall comply in form and
substance with the requirements of this section and which shall be in the form and executed
in the manner herein provided. The certificate of incorporation of the authority shall state:
(1) The names of the persons forming the authority, and that each of them is a duly qualified
elector of the authorizing municipality; (2) The name of the authority (which shall be "_____
Transit Authority", with the insertion of the name of the authorizing municipality);
(3) The period for the duration of the authority (if the duration is to be...
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22-29-23
Section 22-29-23 Dissolution. When all bonds issued by the authority and all obligations made
or assumed by it under the provisions of this chapter shall have been paid in full, the then
officers and directors of the authority shall at such time file with the Secretary of State
a written statement, subscribed and sworn to by each of them, reciting the payment in full
of all such bonds and obligations. Such statement shall be filed with the Secretary of State
and recorded with the certificate of incorporation of the authority, and thereupon, the authority
shall stand dissolved. Any property owned by the authority but leased to a local public body
shall become the property of such local public body and any property owned by the authority
and not leased to any local public body shall become the property of the state. (Acts 1971,
No. 42, p. 279, §23.)...
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45-49A-64.04
Section 45-49A-64.04 Procedure to incorporate; contents and execution of certificate of incorporation.
(a) Within 40 days following the adoption of an authorizing resolution by the governing body,
the applicants shall proceed to incorporate an authority by filing for record in the office
of the judge of probate of the county in which the municipality is located, a certificate
of incorporation which shall comply in form and substance with the requirements of this section
and which shall be in the form and executed in the manner herein provided. (b) The certificate
of incorporation of the authority shall state all of the following: (1) The names of the persons
forming the authority, and that each of them is a duly qualified elector of the authorizing
municipality. (2) The name of the authority (which shall be _____ Transit Authority, with
the insertion of the name of the authorizing municipality). (3) The period for the duration
of the authority (if the duration is to be perpetual,...
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