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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.)...
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16-48-2
Section 16-48-2 Corporate powers. Such corporation shall have all the rights, privileges and
franchises necessary to a promotion of the end of its creation and shall be charged with all
corresponding duties, liabilities and responsibilities. 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, as to it may seem
best for the purposes of its institution; and any and all sales of property, real or personal,
heretofore made pursuant to and by authority of action of the board of trustees of said institute
and written instruments of conveyance of title thereto purporting to have been made pursuant
to such action are hereby ratified and confirmed as acts of the...
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24-1-27
Section 24-1-27 Powers and duties of authority. (a) An authority shall constitute a public
body and a body corporate and politic exercising public powers, and having all the powers
necessary or convenient to carry out and effectuate the purposes and provisions of this article,
including the following powers in addition to others granted in this article: (1) To investigate
into living, dwelling and housing conditions and into the means and methods of improving such
conditions. (2) To determine where unsafe or unsanitary dwelling, public school or housing
conditions exist. (3) To study and make recommendations concerning the plan of any city located
within its boundaries in relation to the problem of clearing, replanning, and reconstruction
of areas in which unsafe or unsanitary dwelling, public school, or housing conditions exist,
and the provision of dwelling accommodations for persons of low income, and to cooperate with
any city or regional planning agency. (4) To prepare, carry out,...
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24-1-66
Section 24-1-66 Powers and duties of authority generally. (a) An authority shall constitute
a public body and a body corporate and politic exercising public powers, and having all the
powers necessary or convenient to carry out and effectuate the purposes and provisions of
this article, including the following powers in addition to others granted in this article:
(1) To investigate into living, dwelling, and housing conditions and into the means and methods
of improving such conditions; (2) To determine where unsafe or unsanitary dwelling, public
school, or housing conditions exist; (3) To study and make recommendations concerning the
plan of the county in relation to the problem of clearing, replanning, and reconstruction
of areas in which unsafe or unsanitary dwelling, public school, or housing conditions exist,
and the provision of dwelling accommodations for persons of low income, and to cooperate with
the county or any regional planning agency; (4) To prepare, carry out, and...
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24-1A-5
Section 24-1A-5 Powers of authority. The authority shall have the following powers: (1) To
have succession by its corporate name until the principal of and interest on the bonds shall
have been fully paid and until it shall have been dissolved as provided in this chapter; (2)
To sue and be sued and to prosecute and defend in any court having jurisdiction of the subject
matter and of the parties thereto; (3) To adopt and use a corporate seal and to alter the
seal at pleasure; (4) To establish a fiscal year; (5) To maintain an office in the City of
Montgomery; (6) To adopt, and from time to time amend and repeal, bylaws and rules and regulations,
not inconsistent with this chapter, to carry into effect the powers and purposes of the authority
in the conduct of its business; (7) To purchase mortgage loans from mortgage lenders; (8)
To contract with mortgage lenders for the origination of, or the servicing, of mortgage loans
to be made by such mortgage lenders and the servicing of the...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
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16-49-22
Section 16-49-22 Powers and duties generally. Such corporation shall have all the rights, privileges
and franchises necessary to the promotion of the ends of its creation and shall be charged
with all corresponding duties, liabilities and responsibilities. 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 any grant by any governmental unit or by any person, accruing
to the corporation from any source, as it may deem best for the purposes of the university.
(Acts 1975, No. 198, p. 467, §3.)...
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16-50-22
Section 16-50-22 Powers and duties generally. Such corporation shall have all the rights, privileges
and franchises necessary to the promotion of the ends of its creation and shall be charged
with all corresponding duties, liabilities and responsibilities. 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 any grant by any governmental unit or by any person, or
accruing to the corporation from any source, as it may deem best for the purposes of the university.
(Acts 1975, No. 790, p. 1581, §3.)...
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16-51-2
Section 16-51-2 Rights, privileges, responsibilities, etc., of corporation. Such corporation
shall have all the rights, privileges and franchises necessary to the promotion of the end
of its creation, and shall be charged with all corresponding duties, liabilities and responsibilities.
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 any grant by any governmental
unit or by any person, or accruing to the corporation from any source, as it may deem best
for the purposes of the university. (Acts 1967, No. 773, p. 1631, §3.)...
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