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15-18-179
Section 15-18-179 Application for incorporation; certificate of incorporation; amendment; board
of directors; dissolution; funding; competitive bidding laws not applicable. (a) A public
corporation may be organized as a community punishment and corrections authority pursuant
to this article in any county or group of counties located in one or more judicial circuits.
In order to incorporate the public corporation, any number of natural persons, not less than
three, who are duly qualified electors of a proposed county or counties shall first file a
written application with the county commission or any two or more thereof. The application
shall contain all of the following: (1) The names of each county commission with which the
application is filed. (2) A statement that the applicants propose to incorporate an authority
pursuant to this article. (3) The proposed location of the principal office of the authority.
(4) A statement that each of the applicants is a duly qualified elector of...
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11-101A-24
Section 11-101A-24 Dissolution. At any time when the authority does not have any securities
outstanding, and when there shall be no other obligations assumed by the authority that are
then outstanding, the board may adopt a resolution, which shall be duly entered upon its minutes,
declaring that the authority shall be dissolved. Upon the filing for record of a certified
copy of the resolution in the office of the judge of probate of the county in which the certificate
of incorporation of the authority was filed, the authority shall thereupon stand dissolved.
In the event that the authority owned any assets or property at the time of its dissolution,
the title to all its assets and property shall, subject to any constitutional provision to
the contrary, vest in one or more counties or municipalities in such manner and interests
as may be provided in the certificate of incorporation. If the certificate of incorporation
contains no provision respecting the vesting of title to the assets...
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22-21-339
Section 22-21-339 Dissolution of authority. At any time when the authority does not have any
securities outstanding, and when there shall be no other obligations assumed by the authority
that are then outstanding, the board may adopt a resolution, which shall be duly entered upon
its minutes, declaring that the authority shall be dissolved. Upon the filing for record of
a certified copy of said resolution in the office of the judge of probate in which the certificate
of incorporation of the authority was filed, the authority shall thereupon stand dissolved,
and in the event that it owned any assets or property at the time of its dissolution, the
title to all its assets and property shall, subject to any constitutional provision or inhibition
to the contrary, thereupon vest in one or more counties, municipalities, or educational institutions
in such manner and interests as may be provided in the said certificate of incorporation;
provided however, that if the said certificate of...
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22-21-191
Section 22-21-191 Dissolution of corporation. If at any time the corporation shall have outstanding
no unpaid securities and if each member of the board of directors of the corporation shall
execute and file for record in the office of the judge of probate of the county in which the
corporation is organized a certificate of dissolution reciting the fact that the corporation
has outstanding no unpaid securities, stating that it is in the best interests of the public
for the corporation to be dissolved and declaring the corporation to be dissolved, the corporation
shall thereupon stand dissolved, and title to all funds and properties owned by it at the
time of such dissolution shall vest, jointly, in the county and the largest of the member
municipalities, according to the federal decennial census next preceding the date of the filing
of the certificate of incorporation of the corporation for record, whereupon possession of
such funds and properties shall forthwith be delivered to the...
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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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11-50-532
Section 11-50-532 Dissolution. When all obligations incurred by the corporation and all bonds
issued by it shall have been paid in full or provision for payment thereof shall have been
made by appropriate, segregation and deposit of funds sufficient for such purposes, then and
in such event the corporation may be dissolved by resolution adopted by vote of a majority
of the board, which resolution shall set out the plan of dissolution and shall designate three
directors who shall act as trustees in dissolution of the corporation. A copy of such resolution,
duly certified by the secretary of the corporation under its seal, shall be filed with the
Secretary of State, and, if it shows compliance with the foregoing requirements, it shall
be recorded by the Secretary of State with the certificate of incorporation. Upon such filing
and recording the corporation shall thereupon stand dissolved, and the trustees in dissolution
named in such resolution shall thereupon proceed to wind up the...
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11-92A-5
Section 11-92A-5 Articles of incorporation. (a) The articles of incorporation of an authority
shall state all of the following: (1) A designation of the authorized operational area of
the authority, including the name or names of each county within such authorized operational
area. (2) The names of the incorporators of the authority and that each of them is a resident
of a county within the authorized operational area of the authority. (3) The name of the authority,
which may be a name indicating in a general way the geographic area proposed to be served
by the authority and shall include the words "Industrial Development Authority"
(e.g., "The ___ Industrial Development Authority" or "The Industrial Development
Authority of ___," the blank space to be filled in with a geographically descriptive
word or words, but the descriptive word or words shall not preclude the authority from exercising
its powers in other geographic areas). If more than one county is included in an...
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10A-1-1.03
Section 10A-1-1.03 Definitions. As used in this title, unless the context otherwise requires,
the following terms mean: (1) AFFILIATE. A person who controls, is controlled by, or is under
common control with another person. An affiliate of an individual includes the spouse, or
a parent or sibling thereof, of the individual, or a child, grandchild, sibling, parent, or
spouse of any thereof, of the individual, or an individual having the same home as the individual,
or a trust or estate of which an individual specified in this sentence is a substantial beneficiary;
a trust, estate, incompetent, conservatee, protected person, or minor of which the individual
is a fiduciary; or an entity of which the individual is director, general partner, agent,
employee or the governing authority or member of the governing authority. (2) ASSOCIATE. When
used to indicate a relationship with: (A) a domestic or foreign entity for which the person
is: (i) an officer or governing person; or (ii) a beneficial...
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11-49B-7
Section 11-49B-7 Powers of authority. The authority shall exercise, subject to this chapter,
the following powers and duties necessary to the discharge of its powers and duties in corporate
form: (1) To have succession by its corporate name for the duration of time, which may be
perpetual, subject to the provisions of Section 11-49B-19 specified in its certificate of
incorporation. (2) To sue and be sued in its own name in civil suits and actions and to defend
suits against it. (3) To adopt and make use of a corporate seal and to alter the seal 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 located in one or more
counties or municipalities and whether located within or outside the authorizing county. (6)
To make, enter into, and execute contracts, agreements, leases, and...
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45-49A-64.07
Section 45-49A-64.07 Powers of authority. 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 perpetual,
subject to Section 45-49A-64.19) specified in its certificate of incorporation. (2) To sue
and be sued in its own name in civil suits and actions and to defend suits 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 located in one or more counties or municipalities
and whether located within or outside the authorizing municipality. (6) To make, enter into,
and execute such contracts, agreements, leases, and other...
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