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22-21-179
Section 22-21-179 Powers of corporation. The corporation shall have all the powers and authority
inhering in, or conferred upon, counties in the State of Alabama operating public hospitals,
except as otherwise provided, as well as the following specific 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 or until dissolved as provided in Section 22-21-191;
(2) Subject to the limitations contained in the provisions of this section, to maintain actions
and have actions maintained against it in its own name in civil, including ex delicto and
ex contractu, actions; (3) To adopt and make use of a corporate seal and to alter the same
at pleasure; (4) To adopt bylaws and amend the same; (5) To receive, acquire, take and hold,
whether by purchase, gift, lease, devise or otherwise, real and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-179.htm - 5K - Match Info - Similar pages
37-6-21
Section 37-6-21 Sale, lease or encumbrance of property; offeror's disclosure statement; invitations
for competing or alternative proposals; exceptions; effect of violation. A cooperative may
not sell or lease all or any substantial portion of its property, unless such sale or lease
is authorized at a duly held meeting of the members thereof by the affirmative vote of not
less than two thirds of all the members of the cooperative and unless the notice of such sale
or lease shall have been contained in the notice of the meeting. A cooperative acting through
its board of trustees may mortgage, by mortgage or deed of trust, pledge or otherwise encumber,
to secure any indebtedness of the cooperative, all or any portion of its property, assets
and the revenues and income therefrom, from time to time, when authorized by the affirmative
vote of a majority of its members at a duly held meeting after proper notice thereof. The
board of trustees of a cooperative, without authorization of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-6-21.htm - 5K - Match Info - Similar pages
11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution, sale,
delivery, redemption, etc.; security for payment of principal or interest; remedies upon default;
liability of municipalities, board, etc., thereupon. (a) Any authority shall have power to
issue from time to time its bonds and notes in such principal amount as its board shall determine
to be necessary to provide sufficient funds for achieving any of its corporate purposes, including
the payment of interest on any of its notes and bonds, the establishment of reserves to secure
any such notes and bonds and all other expenditures of such authority incident to and necessary
or convenient to carry out its corporate purposes and powers. Any authority shall also have
the power to issue from time to time notes to renew notes and bonds to pay notes, including
interest thereon and, whenever it deems refunding expedient, to refund any bonds by the issuance
of new bonds, whether the bonds to be refunded...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-8.htm - 12K - Match Info - Similar pages
5-20-4
Section 5-20-4 Establishment or acquisition of a credit card bank. Subject to the provisions
of this chapter and to the prior approval of the superintendent, any bank holding company,
bank holding company subsidiary, domestic lender or foreign lender may, either singly or jointly
with other bank holding companies, bank holding company subsidiaries, domestic lenders or
foreign lenders, establish or acquire, and own and control all the voting shares of a single
credit card bank located in Alabama when and for so long as the following conditions are satisfied:
(1) If the credit card bank is to be organized under the laws of this state, such bank shall
be organized as provided in this chapter and in the manner provided in Chapter 5A of this
title; (2) In connection with the application to organize, or to acquire control of a credit
card bank, the applicant or applicants shall pay one filing fee to the Alabama Department
of Banking in an amount not less than $15,000 to be set by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-20-4.htm - 3K - Match Info - Similar pages
5-13B-86
Section 5-13B-86 Powers of branch and agency. (a) Except as otherwise specifically provided
in this division or in regulations or orders adopted by the superintendent, and notwithstanding
any other law or regulation of this state to the contrary, operations of a foreign bank at
an Alabama state branch or Alabama state agency shall be conducted with the same rights, privileges,
and powers as an Alabama state bank at the same location, including, but not limited to, the
eligibility to exercise fiduciary or trust powers, and shall be subject to all the same duties,
restrictions, penalties, liabilities, conditions, and limitations that would apply under the
laws of this state to an Alabama state bank doing business at the same location. (b) Among
other exceptions to the provisions of subsection (a) that may be required or authorized by
the superintendent pursuant to the provisions of this division: (1) An Alabama state branch
that was not grandfathered as an "insured branch" within the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-86.htm - 4K - Match Info - Similar pages
5-7A-22
Section 5-7A-22 Conversion of national bank, etc., into state bank - Powers and duties of bank,
stockholders, officers, etc., upon issuance of certificate. (a) When the superintendent has
given to such bank a certificate that the provisions of this article have been complied with,
such bank and all its stockholders, officers and employees shall have the same powers and
privileges and shall be subject to the same duties, liabilities and regulations, in all respects,
as shall have been prescribed for banks originally organized as banking corporations under
the laws of Alabama. (b) At the time when such conversion of the national bank into a state
bank, under the charter of the latter, becomes effective, all the property of the national
bank, including all its rights, title and interest in and to all property of whatsoever kind,
whether real, personal or mixed, and things in action, and every right, privilege, interest
and asset of any conceivable value or benefit then existing, belonging...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-7A-22.htm - 4K - Match Info - Similar pages
41-1-60
Section 41-1-60 Acceptance of credit card payment. (a) Notwithstanding any other provision
of law to the contrary, any officer or unit of state government required or authorized to
receive or collect any payments to state government may accept a credit card payment of the
amount that is due. This section shall only apply to departments, agencies, boards, bureaus,
commissions, and authorities which are units of state government, and shall not apply to any
departments, agencies, boards, bureaus, commissions, or authorities which are units of county
or municipal government and come under the provisions of Chapter 103 of Title 11. (b) This
section shall be broadly construed to authorize acceptance of credit card payments by: (1)
All departments, agencies, boards, bureaus, commissions, authorities, and other units of state
government. (2) All officers, officials, employees, and agents of the state and units of state
government. (c) This section shall be broadly construed to authorize...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-1-60.htm - 5K - Match Info - Similar pages
24-2-3
Section 24-2-3 Powers of housing authorities or municipalities - Powers under other housing
laws; contracts; issuance of bonds and other obligations; eminent domain. In undertaking such
redevelopment projects a housing authority, or the governing body of any incorporated city
or town, shall have all the rights, powers, privileges, and immunities that such authority
has under Chapter 1 of this title, and any other provision of law relating to slum clearance
and housing projects for persons of low income, including, without limiting the generality
of the foregoing, the power to make and execute contracts, to issue bonds and other obligations
and give security therefor, to acquire real property by eminent domain or purchase, and to
do any and all things necessary to carry out projects in the same manner as though all the
provisions of law applicable to slum clearance and housing projects were applicable to redevelopment
projects undertaken under this chapter; provided, that nothing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-2-3.htm - 1K - Match Info - Similar pages
22-21-144
Section 22-21-144 Bonds - Security. The principal of, and the interest on, the bonds shall
be secured by a pledge of the revenues out of which the bonds shall be made payable, may be
secured by a pledge of the lease agreement (if any) covering the project from which revenues
so pledged shall be derived and by a pledge of the rental from such project and may be secured
by a nonforeclosable indenture covering the project or projects out of the revenues from which
the bonds are made payable. The trustee, under any indenture, may be a trust company or bank
having trust powers, whether located within or without the state, and may be selected by the
board without regard to the provisions of Chapter 25 of Title 36 of this code or other similar
law. The indenture may contain any agreements and provisions customarily contained in instruments
securing evidences of indebtedness including, without limiting the generality of the foregoing,
provisions respecting the collection, segregation and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-144.htm - 2K - Match Info - Similar pages
24-3-4
Section 24-3-4 Powers, rights, etc., of housing authorities, etc., with respect to urban renewal
projects generally; surveys and plans. An authority shall have all the powers necessary or
convenient to undertake and carry out urban renewal plans and urban renewal projects, including
the authority to acquire and dispose of property, to make payments to persons and businesses
displaced by the acquisition and disposal of any property, to issue bonds and other obligations,
to borrow and accept grants from the federal government or other source, and to exercise the
other powers which Chapter 2 of this title confers on an authority with respect to redevelopment
projects. In connection with the planning and undertaking of any urban renewal plan or urban
renewal project, the authority, the municipality, and all public and private officers, agencies,
and bodies shall have all the rights, powers, privileges, and immunities which they have with
respect to a redevelopment plan or redevelopment...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-3-4.htm - 3K - Match Info - Similar pages
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