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41-10-141
Section 41-10-141 Powers and duties of authority generally. An authority shall have the following
powers, together with all powers incidental thereto or necessary to the discharge thereof
in corporate form: (1) To have succession by its corporate name for the duration of time (which
may be in perpetuity) specified in its certificate of incorporation; (2) To maintain civil
actions and have civil actions maintained against it in its corporate name, except as otherwise
provided in this article, and to defend civil actions against it; (3) To adopt and make use
of a corporate seal and to alter the same at pleasure; (4) To amend its certificate of incorporation
by filing in the office of the Secretary of State a certificate signed by all of the directors
of the authority setting forth the details of the amendment, such certificate to be acknowledged
in the same manner as the certificate of incorporation; (5) To adopt and alter bylaws for
the regulation and conduct of its affairs and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-141.htm - 5K - Match Info - Similar pages
45-37-140.13
Section 45-37-140.13 Annexation; referendum; hearing; reestablishment of boundaries. (a) Whenever
any municipal corporation in Jefferson County annexes any portion of a district and a petition
is filed with the clerk of the municipality requesting annexation of the remaining portion
of the district, the petition containing the following: (1) signatures of 20 percent of the
qualified electors residing within the district or signatures of 200 qualified electors, whichever
is less, and (2) a written statement signed by at least two members of the board of trustees
of the district reciting that those signing the petition constitute either 10 percent of the
qualified electors residing within the district or 100 qualified electors residing within
the district, whichever is applicable, and (3) a description of the district; then the governing
body of such municipal corporation shall provide for and finance the cost of a referendum
election wherein the remaining qualified voter residents of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-140.13.htm - 12K - Match Info - Similar pages
9-6-8
Section 9-6-8 Powers and duties generally. The authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To have succession by its corporate name for the duration of time (which may be in perpetuity)
specified in its certificate of incorporation; (2) To maintain civil actions and have civil
actions maintained against it in its corporate name, except as otherwise provided in this
chapter, and to defend civil actions against it; (3) To adopt and make use of a corporate
seal and to alter the same at pleasure; (4) To amend its certificate of incorporation by filing
in the office of the Secretary of State a certificate signed by all of the directors of the
authority setting forth the details of the amendment, such certificate to be acknowledged
in the same manner as the certificate of incorporation; (5) To adopt and alter bylaws for
the regulation and conduct of its affairs and business; (6) To...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-6-8.htm - 6K - Match Info - Similar pages
10A-2-14.21
Section 10A-2-14.21 Procedure for and effect of administrative dissolution. REPEALED IN THE
2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. (a) If the Secretary of State determines that one or more grounds exist under
Section 10A-2-14.20 for dissolving a corporation, he or she shall serve the corporation with
written notice of his or her determination under Section 10A-1-5.31(b), 10A-1-5.35, or 10A-1-5.36.
(b) If the corporation does not correct each ground for dissolution or demonstrate to the
reasonable satisfaction of the Secretary of State that each ground determined by the Secretary
of State does not exist within 60 days after service of the notice is perfected under Section
10A-1-5.31(b), 10A-1-5.35, or 10A-1-5.36, the Secretary of State shall administratively dissolve
the corporation by signing a certificate of dissolution that recites the ground or grounds
for dissolution and its effective date. The Secretary of State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-14.21.htm - 2K - Match Info - Similar pages
10A-2A-7.04
Section 10A-2A-7.04 Action without meeting. (a) Unless otherwise provided in the certificate
of incorporation, any action required or permitted by this chapter to be taken at any meeting
of the stockholders may be taken without a meeting, and without prior notice, if one or more
consents in writing setting forth the action so taken are signed by the holders of outstanding
stock having not less than the minimum number of votes that would be required to authorize
or take the action at a meeting at which all shares of stock entitled to vote on the action
were present and voted; provided, however, that if a corporation's certificate of incorporation
authorizes stockholders to cumulate their votes when electing directors pursuant to Section
10A-2A-7.28, directors may not be elected by less than unanimous written consent. The action
must be evidenced by one or more written consents describing the action taken, signed by the
stockholders approving the action and delivered to the corporation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-7.04.htm - 4K - Match Info - Similar pages
11-97-23
Section 11-97-23 Dissolution of corporation; vesting of title to corporation's property in
determining subdivision. At any time when any corporation has no bonds or other obligations
outstanding and when there shall be no other obligations assumed by such corporation that
are then outstanding, the board of such corporation may adopt a resolution, which shall be
duly entered upon its minutes, declaring that the corporation shall be dissolved. Upon filing
for record of a certified copy of the said resolution in the office of the judge of probate
with which the corporation's certificate of incorporation was filed, the corporation shall
thereupon stand dissolved and, in the event it owned any assets or property at the time of
its dissolution, the title to all such assets or property shall thereupon vest in the determining
subdivision. (Acts 1984, No. 84-314, p. 695, ยง23.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-23.htm - 1K - Match Info - Similar pages
14-6A-38
Section 14-6A-38 Dissolution. At any time when a regional jail authority has no bonds or other
obligations outstanding, its board may by affirmative vote of a majority of its members, and
with the prior approval of the city council of each municipality participating in the regional
jail authority, adopt a resolution declaring its intent that the authority shall be dissolved.
Written notice of intent to dissolve shall be immediately delivered to the municipal council
of each municipality participating in the regional jail authority. Dissolution shall not take
place less than 60 days following the written notice. At the expiration of 60 days and upon
the filing for record of a certified copy of the dissolution resolution in the office of the
judge of probate of the municipality in which the authority's certificate of incorporation
was filed, the authority shall thereupon stand dissolved and, in the event it owned any property
at the time of its dissolution, the title to all its property...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-6A-38.htm - 1K - Match Info - Similar pages
14-6A-9
Section 14-6A-9 Dissolution. At any time when a regional jail authority has no bonds or other
obligations outstanding, its board may by affirmative vote of a majority of its members, and
with the prior approval of the county commission of each county participating in the regional
jail authority, adopt a resolution declaring its intent that the authority shall be dissolved.
Written notice of intent to dissolve shall be immediately delivered to the county commission
of each county participating in the regional jail authority. Dissolution shall not take place
less than 60 days following the written notice. At the expiration of 60 days and upon the
filing for record of a certified copy of the dissolution resolution in the office of the judge
of probate of the county in which the authority's certificate of incorporation was filed,
the authority 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-6A-9.htm - 1K - Match Info - Similar pages
10A-2A-12.02
Section 10A-2A-12.02 Stockholder approval of certain dispositions. (a) A sale, lease, exchange,
or other disposition of assets, other than a disposition described in Section 10A-2A-12.01,
requires approval of the corporation's stockholders if the disposition would leave the corporation
without a significant continuing business activity. A corporation will conclusively be deemed
to have retained a significant continuing business activity if it retains a business activity
that represented, for the corporation and its subsidiaries on a consolidated basis, at least
(i) 25 percent of total assets at the end of the most recently completed fiscal year, and
(ii) either 25 percent of either income from continuing operations before taxes or 25 percent
of revenues from continuing operations, in each case for the most recently completed fiscal
year. (b) To obtain the approval of the stockholders under subsection (a) the board of directors
shall first adopt a resolution authorizing the disposition....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-12.02.htm - 4K - Match Info - Similar pages
11-62-17
Section 11-62-17 Authority and procedure for dissolution of authority; vesting of title to
assets and properties of authority upon dissolution of authority; effect of dissolution of
authority upon formation of other such authorities. (a) At any time when any authority does
not have any bonds, notes, or other obligations outstanding and when there shall be no other
obligations assumed by such authority that are then outstanding, the board of such authority
may adopt a resolution, which shall be duly entered upon its minutes, declaring that the authority
shall be dissolved. (b) Upon the filing for record of a certified copy of said resolution
in the office of the judge of probate in which the authority's certificate of incorporation
was filed, the authority shall thereupon stand dissolved and, in the event it owned any assets
or property at the time of its dissolution, the title to all such assets or property shall
thereupon vest in the determining municipality. (c) The formation or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-17.htm - 1K - Match Info - Similar pages
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