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11-50-521
Section 11-50-521 Authority to incorporate. Any number of natural persons, not less than three
and each of whom shall meet the requirements provided in this chapter, may organize a corporation
not for pecuniary profit by proceeding according to the provisions of this chapter. Such corporation
shall be organized for the benefit of the municipalities located within the confines of the
power district and for the purpose of promoting and encouraging the fullest possible use of
electric energy within the power district by making such electric energy available to the
public within the power district at the lowest cost consistent with sound economy and prudent
management of the business of the corporation. Each such person shall be an elector and property
owner in one of the municipalities located within the territory proposed to be included in
the power district upon organization of the corporation, and no two shall be from the same
municipality. All or parts of not less than three counties...
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40-23-4
Section 40-23-4 Exemptions. (a) There are exempted from the provisions of this division and
from the computation of the amount of the tax levied, assessed, or payable under this division
the following: (1) The gross proceeds of the sales of lubricating oil and gasoline as defined
in Sections 40-17-30 and 40-17-170 and the gross proceeds from those sales of lubricating
oil destined for out-of-state use which are transacted in a manner whereby an out-of-state
purchaser takes delivery of such oil at a distributor's plant within this state and transports
it out-of-state, which are otherwise taxed. (2) The gross proceeds of the sale, or sales,
of fertilizer when used for agricultural purposes. The word "fertilizer" shall not
be construed to include cottonseed meal, when not in combination with other materials. (3)
The gross proceeds of the sale, or sales, of seeds for planting purposes and baby chicks and
poults. Nothing herein shall be construed to exempt or exclude from the computation of...
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11-89-7
Section 11-89-7 Powers of district generally; power of district to acquire, operate, etc.,
systems, etc., outside service area; provisions in schedules of rates and charges generally.
(a) The district 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 perpetuity, subject to the provisions of Section
11-89-17) specified in its certificate of incorporation; (2) To sue and be sued in its own
name in civil actions, 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 adopt and alter bylaws for the regulation and conduct of its affairs and business;
(5) To acquire, receive, and take, by purchase, gift, lease, devise, or otherwise, and to
hold property of every description, real, personal, or mixed, whether...
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11-50-520
Section 11-50-520 Definitions. The following words and phrases and others importing the same
meaning, where used in this chapter, shall be given the following respective interpretations
and meanings: (1) THE CORPORATION. Any corporation organized under this chapter. (2) APPLICANTS.
Those persons who organize the corporation. (3) POWER DISTRICT. The territory proposed to
be served by the corporation as specified in its certificate of incorporation as originally
filed or any amendment thereto made pursuant to the provisions of this chapter. (4) MUNICIPALITY
or MUNICIPALITIES. Any city or town incorporated under the laws of Alabama. (5) COUNTY or
COUNTIES. Any county organized under the laws of Alabama. (6) GOVERNING BODY. Whenever used
in relation to any municipality, the city or town council, city commission or the body or
board, by whatsoever name known, having charge of the governing of a municipality, and shall
be held to include the mayor or other chief executive officer of the...
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33-16-2
Section 33-16-2 Legislative intent; construction of chapter. The Legislature hereby makes the
findings of facts and declaration of intent hereinafter set forth in this section. The construction
of a navigable waterway between Montgomery and Gadsden and to the Alabama-Georgia boundary,
utilizing the channel of the Coosa River, would provide a new transportation route of great
importance and would stimulate the development of commerce, agriculture and industry in many
sections of the state. It is the intention of the Legislature by the passage of this chapter
to implement the provisions of Amendment No. 287 of the Constitution of Alabama. In order
to further the developments herein found to be beneficial, it is the intention of the Legislature
to authorize the formation of a public corporation for the following purposes: (1) To cooperate
with the United States, the State of Alabama, other participating states, counties and municipalities,
with all agencies, departments and...
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11-50-522
Section 11-50-522 Procedure for incorporation. The corporation may be organized in the following
manner: The applicants shall file an application with the governing body of each municipality
located within the territory described in the application (which shall be the same territory
as shall be described in the certificate of incorporation) seeking permission from each such
municipality to organize the corporation. There shall be described generally in such application
the boundaries of the territory proposed to be included in the power district upon organization
of the corporation, but there shall not be included therein any territory served by an existing
utility unless consent to the inclusion in the power district of the territory served by such
existing utility shall be given by the owner of each such existing utility in such territory.
If the governing body of each municipality in such territory shall, by appropriate resolution
duly adopted, determine it to be advantageous that...
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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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11-50A-1
Section 11-50A-1 Definitions. As used in this chapter, the following words shall have the following
meanings unless the context clearly indicates otherwise: (1) AUTHORITY. Alabama Municipal
Electric Authority created pursuant to this chapter and any successor or successors thereto.
(2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by the authority
under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION NOTES.
Short term obligations issued by the authority in anticipation of the issuance of bonds. (5)
COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment, alteration,
repair, or extension of any project; all costs of real and personal property required for
the purposes of any project, including any rights or undivided interest therein; all costs
of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates,
and all costs of securing any permits, approvals, licenses,...
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11-99B-7
Section 11-99B-7 Powers of district generally; power of district to acquire and operate projects;
provisions in schedules of rates and charges generally. Each district 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, subject to the provisions of Section 11-99B-15, specified in its
certificate of incorporation. (2) To sue and to be sued in its own name in civil actions,
and to defend civil actions against it; provided, that the district shall be deemed to be
a "governmental entity" as defined in Chapter 93 of this title, for the purposes
of limiting the damages for which the district and its members may be liable. (3) To adopt
and make use of a corporate seal and to alter the same at pleasure. (4) To adopt and alter
bylaws for the regulation and conduct of its affairs and business. (5) To acquire, receive,...
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11-32-7
Section 11-32-7 Powers of authority. (a) The authority shall exercise powers and duties necessary
to the discharge of its powers and duties in corporate form as follows: (1) Have succession
by its corporate name in perpetuity subject to Section 11-32-20. (2) Sue and be sued in its
own name in civil suits and actions and defend suits against it. (3) Adopt and make use of
a corporate seal and alter the same at its pleasure. (4) Adopt and alter bylaws for the regulation
and conduct of its affairs and business. (5) Acquire, receive, take, by purchase, gift, lease,
devise, or otherwise, and hold property of every description, real, personal, or mixed, whether
located in one or more counties or municipalities and whether located within or outside the
authorizing county. (6) Make, enter into, and execute contracts, agreements, leases, and other
instruments and take other actions as may be necessary or convenient to accomplish any purpose
for which the authority was organized, or exercise any...
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