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11-50-524
Section 11-50-524 Corporate powers. (a) The corporation shall be entitled to all the
exemptions provided by the general laws of Alabama and of the United States for municipal
corporations. To carry out its purposes, the corporation shall have the following specific
powers, but no enumeration of powers granted in this chapter shall be construed to impair
or limit any general grant of power contained in this chapter nor to limit any such grant
to a power or powers of the same class or classes as those enumerated: (1) To have succession
by its corporate name perpetually unless dissolved and unless a shorter period of time shall
be specified in the certificate; (2) To sue and be sued and to prosecute and defend; (3) To
have and to use a corporate seal and to alter the same at will; (4) To acquire by purchase
or lease and to operate, maintain, extend, and improve any utility within the power district,
including any real and personal properties and any contract and franchise rights in...
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22-29-1
Section 22-29-1 Definitions. For the purposes of this chapter, unless otherwise indicated,
the following terms shall have the meanings respectively ascribed to them by this section:
(1) AUTHORITY. The public corporation organized pursuant to the provisions of this chapter
as a public corporation, agency and instrumentality of the state. (2) AUTHORIZING RESOLUTION.
A resolution or order adopted by the board of directors authorizing the issuance of bonds
by the authority or providing for an indenture of trust under and pursuant to which its bonds
are to be issued. (3) BOARD OF DIRECTORS. The board of directors of the authority. (4) BOARD.
The State Board of Health of the State of Alabama or the State Committee of Public Health
or the State Health Officer, whichever at the time has the authority to act in health matters
pursuant to Sections 22-1-3, 22-2-1, 22-2-2, 22-2-6 and 22-2-8. (5) BONDS. The bonds issued
by the authority under the provisions of this chapter. (6) BOND SERVICE...
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27-28-1
Section 27-28-1 Plan for exchange of stock, etc., between domestic stock insurer and
holding company - Authority. A domestic stock insurance company, hereinafter referred to in
this chapter as "domestic company," may cause a corporation to be organized under
the laws of this state or any other state of the United States of America to act as a holding
company, hereinafter referred to in this chapter as "holding company," which may,
or may not, be an insurance corporation, and the domestic company and holding company may
adopt a plan for an exchange of stock or other securities in which stockholders of the domestic
company exchange their stock for shares of stock or other securities issued by the holding
company pursuant to the provisions of Section 27-28-2. Such plan of exchange may provide
for a direct exchange of stock or other securities between the stockholders of the domestic
company and the holding company or may include provision for the merger of a wholly owned
subsidiary of the...
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37-4-1
Section 37-4-1 Definitions. Unless otherwise specified, when used in this article, these
terms shall have the following meanings: (1) COMMISSION. The Alabama Public Service Commission.
(2) COMMISSIONER. A member of the commission. (3) MUNICIPALITY. Any municipal corporation
organized under the laws of this state. (4) PERSON. Such term shall mean and include individuals,
associations of individuals, firms, partnerships, companies, corporations, municipalities,
governmental agencies, their lessees, trustees, or receivers appointed by any court whatsoever,
in the singular number as well as in the plural. (5) NONUTILITY. Any federal agency, instrumentality,
or corporation, owned by the United States, and any corporation or joint stock company in
which the United States or any of its departments, establishments, or agencies, owns more
than 50 percent of the voting shares of stock of such corporation or joint stock company.
(6) SECURITIES. Such term shall mean and include stock, stock...
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41-14-35
Section 41-14-35 Security for deposits or accounts. (a) All public deposits, as defined
in Chapter 14A, of the state shall be secured to the extent and in the manner provided in
Chapter 14A by any combination of the following securities and instruments, which may be issued
and held in either definitive or book-entry form: Direct obligations of the State of Alabama
or any other state of the United States; obligations of the United States government or that
are fully guaranteed as to payment of principal and interest by the United States; obligations
issued or guaranteed by any agency or instrumentality of the United States, including, without
limitation, the Government National Mortgage Association or any successor thereto, any Federal
Farm Credit Bank or any successor thereto, the Federal Housing Finance Board or any successor
thereto, the Federal Home Loan Bank System or any successor thereto, or any Federal Home Loan
Bank or any successor thereto; debt obligations, including, without...
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9-6-4
Section 9-6-4 Application for authority to incorporate; review of application and issuance
of executive order by Governor. (a) In order to form a public corporation under the provisions
of this chapter, any number of natural persons, not less than three, shall first file a written
application with the Governor. Such application shall: (1) Contain a statement that such public
corporation proposes to undertake and carry out one or more or all of the purposes defined
in Section 9-6-3 with respect to public corporations formed under this chapter; (2)
Contain a description by county name or otherwise of the geographical area of operation in
which the public corporation proposes to carry on its activities; (3) State that conditions
of water, air or general environmental pollution or any one or more of such conditions in
excess of normal acceptable tolerance as established or determined by appropriate regulatory
body or bodies exist within the area of operation, and that no public corporation...
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9-9-2
Section 9-9-2 Definitions. Whenever used in this article, the following words and phrases
shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) NOTICE BY PUBLICATION. Unless otherwise specified, such notice shall consist of publication
once in each of three consecutive weeks (three insertions) in some newspaper having general
circulation in the county or counties wherein the land in the water management district is
located, the last insertion to be made at least 15 days prior to the date fixed for the hearing
of said notice, and it shall not be necessary that the publication shall be made on the same
day in each of the three weeks, but not less than 14 days, excluding the day of the first
publication, shall intervene between the first publication and the last publication. When
a district includes lands in two or more counties, such notice shall be published in each
county, and it will be sufficient to set out only the lands in the county...
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10A-10-1.09
Section 10A-10-1.09 Powers. A real estate investment trust has the power to: (1) Unless
the declaration of trust provides otherwise, have perpetual existence unaffected by any rule
against perpetuities. (2) Sue, be sued, complain, and defend in all courts. (3) Transact its
business, carry on its operations, and exercise the powers granted by this chapter in any
state, territory, district, or possession of the United States and in any foreign country.
(4) Make contracts, incur liabilities, and borrow money. (5) Sell, mortgage, lease, pledge,
exchange, convey, transfer, and otherwise dispose of all or any part of its assets. (6) Issue
bonds, notes, and other obligations, and secure them by mortgage or deed of trust of all or
any part of its assets. (7) Subject to Section 10A-10-1.10, acquire by purchase, or
in any other manner, take, receive, own, hold, use, employ, improve, encumber, and otherwise
deal with any interest in real and personal property, wherever located. (8) Purchase,...
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10A-2A-1.40
Section 10A-2A-1.40 Chapter definitions. Notwithstanding Section 10A-1-1.03,
as used in this chapter, unless otherwise specified or unless the context otherwise requires,
the following terms have the following meanings: (1) AUTHORIZED STOCK means the stock of all
classes and series a corporation or foreign corporation is authorized to issue. (2) BENEFICIAL
STOCKHOLDER means a person who owns the beneficial interest in stock, which is either a record
stockholder or a person on whose behalf shares of stock are registered in the name of an intermediary
or nominee. (3) CERTIFICATE OF INCORPORATION means the certificate of incorporation described
in Section 10A-2A-2.02, all amendments to the certificate of incorporation, and any
other documents permitted or required to be delivered for filing by a corporation with the
Secretary of State under this chapter or Chapter 1 that modify, amend, supplement, restate,
or replace the certificate of incorporation. After an amendment of the certificate...
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11-50-171
Section 11-50-171 Publication of notice of adoption of resolution authorizing transfer,
certain terms thereof, etc.; limitation period for action to restrain proposed transfer, etc.
(a) After the adoption of proceedings providing for the transfer and conveyance of any water
system or systems, the public corporation and municipality or municipalities proposing to
make such transfer and conveyance shall cause to be published once a week for two successive
weeks in a newspaper having general circulation within the limits of such municipality or
municipalities a notice in substantially the following form (the blanks being first properly
filled in) with the names of the public corporation and the municipality or municipalities
appended thereto: "A resolution has been adopted by the board of directors of the _____
(herein insert the name of the public corporation proposing to make the transfer) and a resolution
(or resolutions) has (or have) been adopted by the governing body (or bodies) of...
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