26-1A-204
Section 26-1A-204 Real property. (a) Unless the power of attorney otherwise provides, language
in a power of attorney granting general authority with respect to real property authorizes
the agent to: (1) demand, buy, lease, receive, accept as a gift or as security for an extension
of credit, or otherwise acquire or reject an interest in real property or a right incident
to real property; (2) sell; exchange; convey with or without covenants, representations, or
warranties; quitclaim; release; surrender; retain title for security; encumber; partition;
consent to partitioning; subject to an easement or covenant; subdivide; apply for zoning or
other governmental permits; plat or consent to platting; develop; grant an option concerning;
lease; sublease; contribute to an entity in exchange for an interest in that entity; or otherwise
grant or dispose of an interest in real property or a right incident to real property; (3)
pledge or mortgage an interest in real property or right incident to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/26-1A-204.htm - 3K - Match Info - Similar pages

37-7-11
Section 37-7-11 Encumbering or disposing of property. No corporation may sell, mortgage, lease
or otherwise encumber or dispose of any of its property (other than property which, in the
judgment of the board, is neither necessary nor useful in operating and maintaining the corporation's
system and which in any one year shall not exceed 10 percent in value of the value of all
the property of the corporation or merchandise) unless authorized so to do by the votes of
at least a majority of its members and the consent of the holders of 75 percent in amount
of the bonds of such corporation then outstanding is obtained. (Acts 1935, No. 45, p. 100;
Acts 1935, No. 168, p. 229; Code 1940, T. 18, §20.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-7-11.htm - 1008 bytes - Match Info - Similar pages

45-37A-54.64
Section 45-37A-54.64 Lease, sale, or conveyance of property. The city is authorized, but not
required, to lease or sell or convey to the authority real or personal property, including
park property, without the necessity of authorization by election of qualified voters of the
city, and the governing body of the city is hereby authorized to enter into any agreements
which such authority may deem necessary in order to effectuate such lease, sale, or transfer.
(Acts 1947, No. 215, p. 81, §5.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-54.64.htm - 805 bytes - Match Info - Similar pages

11-99-5
Section 11-99-5 Determination of tax increment base; aggregate valuation of taxable property;
acquisition or lease of property by public entity; identification of property; notice. (a)
Upon the creation of a tax increment district or adoption of any amendment pursuant to subsection
(c) of this section, the tax increment base shall be determined. (b) Upon application in writing
by the local finance officer, the tax assessor (or the officer of the county performing the
duties of a tax assessor) for each county in which any part of the district is located shall
determine according to his or her best judgment from all sources available to him or her the
full aggregate value of the taxable property in the district located in that county. The aggregate
valuation from all such tax assessors or other such public officials, upon certification to
the local finance officer, shall constitute the tax increment base of the district. (c) If
the public entity creating a tax increment district in which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99-5.htm - 4K - Match Info - Similar pages

16-3-26
Section 16-3-26 Property control. The State Board of Education may hold, lease and rent real
and personal property and may make such repairs and improvements on all property under its
control as may be for the best interests of the schools and, subject to the approval of the
Governor, may acquire, sell and convey title to real estate. (School Code 1927, §58; Code
1940, T. 52, §32.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-3-26.htm - 696 bytes - Match Info - Similar pages

16-45-5
Section 16-45-5 Contributions and annual expenditures by governing authorities of member institutions.
The governing authorities of the member institutions are hereby authorized to lease or to
deed any real property to the consortium, and such authorities may also sell, give, lend or
lease any personal property to the consortium. Further, the governing authority of each member
institution is hereby authorized and empowered to make annual expenditures as may be necessary
for the support and maintenance of the consortium. (Acts 1971, No. 2432, p. 3890, §5.)...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-45-5.htm - 868 bytes - Match Info - Similar pages

16-47-3
Section 16-47-3 Power to hold and dispose of property. Such corporation may hold and may lease,
sell or in any other manner not inconsistent with the object or terms of the grant or grants
under which it holds dispose of any property, real or personal, or any estate or interest
therein, remaining of the original or any subsequent grant by Congress, or by this state,
or by any person, or accruing to the corporation from any source, including also the proceeds
of the University Fund, as to it may seem best for the purposes of its institution. (School
Code 1927, §545; Code 1940, T. 52, §488.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-47-3.htm - 907 bytes - Match Info - Similar pages

19-3A-405
Section 19-3A-405 Rental property. To the extent the fiduciary does not account for receipts
from rental property pursuant to Section 19-3A-403, the fiduciary shall allocate to income
an amount received as rent of real or personal property, including an amount received for
cancellation or renewal of a lease. An amount received as a refundable deposit, including
a security deposit or a deposit that is to be applied as rent for future periods, shall be
added to principal and held subject to the terms of the lease and is not available for distribution
to a beneficiary until the fiduciary's contractual obligations have been satisfied with respect
to that amount. (Act 2000-675, p. 1343, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3A-405.htm - 1003 bytes - Match Info - Similar pages

27-41-30
Section 27-41-30 Particular investments - Loans, notes, etc., secured by mortgages and leases
on real property. An insurer may invest in loans, notes, bonds, or other evidences of indebtedness
of any person up to the fair value of real property securing said indebtedness, upon compliance
with the following conditions and provisions: (1) The indebtedness must be secured by a first
mortgage lien on real property having a fair value of not less than the principal amount of
the loan, except as provided in subdivision (8) of this section; (2) The indebtedness must
be additionally secured by a lease on said real property, which lease must be assigned and
transferred by the lessor to the lender or to a trustee of the lender under a trust instrument;
(3) The lease so assigned as additional security must be noncancellable and may be terminated
only upon such conditions as are generally provided in commercial leases, such as, for example,
destruction by fire, tornado, or similar hazard or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-41-30.htm - 4K - Match Info - Similar pages

41-6-33
Section 41-6-33 Lease, sale, etc., of gifts or donations of real property authorized; disposition
of proceeds from sale or rent. Should any gift or donation to said department be in the form
of real property, it may be leased, rented or sold in the discretion of said board of trustees,
but the sum received as rent or the amount received as the purchase price, in the event of
sale, must be deposited to the credit of said endowment fund, and such sum shall remain intact
as a part of the principal amount of such endowment fund, and the interest received from the
investment thereof shall be paid in the same manner as provided in this article for the payment
of interest on other moneys deposited to the credit of said endowment fund. (Acts 1943, No.
454, p. 416, §4.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-6-33.htm - 1K - Match Info - Similar pages