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2-6-127
Section 2-6-127 Dissolution of corporation. When all securities issued by the corporation and
all obligations assumed by it under this article shall have been paid in full, the then president
of the corporation shall execute and deliver in the name of and in behalf of the corporation
an appropriate deed, or deeds, to which the seal of the corporation shall be affixed and attested
by the secretary of the corporation, whereby there shall be conveyed to the state all the
buildings, properties, and other assets then owned by the corporation. The then officers and
directors of the corporation shall at such time file with the Secretary of State a written
statement, subscribed and sworn to by each of them, reciting the payment in full of all bonds
issued by the corporation and the execution and delivery of such deed or deeds to the state,
which statement shall be filed by the Secretary of State and recorded with the certificate
of incorporation of the corporation, whereupon the corporation...
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2-6-86
Section 2-6-86 Dissolution of corporation. When all securities issued by the corporation and
all obligations incurred by it under the provisions of, and within the limitations contained
in this article, shall have been fully paid, then the members of the board of directors of
the corporation may at such time file with the Secretary of State a written statement subscribed
and sworn to by them, reciting payment in full of all securities of the corporation, and all
obligations incurred by it under the provisions of this article, which statement shall then
be recorded by the Secretary of State with the certificate of incorporation of the corporation,
whereupon the corporation shall stand dissolved. (Acts 1984, No. 84-252, p. 405, §17.)...
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11-101A-14
Section 11-101A-14 Securities payable out of revenues from projects, properties, etc., indenture
may contain agreements; liens. (a) Securities issued by an authority shall not be general
obligations of the authority but shall be payable solely out of the revenues from any project
or other properties or assets, including, without limitation, proceeds from the securities,
investment income and insurance, and condemnation proceeds, owned by it, all as may be provided
or specified in the resolution of the board authorizing the securities or the indenture under
which issued. The principal of and interest, and premium, if any, on any securities issued
by the authority shall be secured by a pledge of the revenues out of which the same are payable
and may be secured by an indenture conveying as security for the securities all or any part
of its property, which indenture may be subject to foreclosure. (b) Any indenture executed
on behalf of the authority and any resolution of the board...
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11-20-45
Section 11-20-45 Authority and procedure for dissolution of corporations; disposition of funds
and properties thereof upon dissolution. Whenever the board of directors of the corporation
shall by resolution determine that the purposes for which the corporation was formed have
been substantially complied with and all bonds theretofore issued and all obligations theretofore
incurred by the corporation have been fully paid, the then members of the board of directors
of the corporation shall thereupon 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 such facts and declaring the corporation to be dissolved. Such certificate of dissolution
shall be executed under the corporate seal of the corporation. Upon the filing of such certificate
of dissolution, the corporation shall stand dissolved, the title to all funds and properties
owned by it at the time of such dissolution shall vest in...
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11-60-15
Section 11-60-15 Authority and procedure for dissolution of corporations; vesting of title
to funds and properties thereof in municipalities upon dissolution. Whenever the board of
directors of the corporation shall by resolution determine that the purposes for which the
corporation was formed have been substantially complied with and all bonds theretofore issued
and all obligations theretofore incurred by the corporation have been fully paid, the then
members of the board of directors of the corporation shall thereupon 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 such facts and declaring the corporation to be dissolved.
Such certificate of dissolution shall be executed under the corporate seal of the corporation.
Upon the filing of such certificate of dissolution, the corporation shall stand dissolved,
the title to all funds and properties owned by it at the time of such...
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16-17A-2
Section 16-17A-2 Definitions. For purposes of this chapter, the following terms shall have
the following meanings: (1) ACADEMIC MEDICAL CENTER. The teaching, research, and clinical
facilities provided, established, or operated by a constitutionally created public university
in the state or a university that operates a school of medicine. (2) AUTHORITY. A public corporation
organized pursuant to the provisions of this chapter. (3) BOARD. The board of directors of
an authority. (4) DIRECTOR. A member of the board of an authority. (5) GOVERNMENTAL ENTITY.
The state, a county, a municipality, or any department, agency, board, or commission of the
state, a county, or a municipality. (6) HEALTH CARE FACILITY. All property or rights in property,
real or personal, tangible or intangible, useful to an authority in its operations, including
without limitation, the following: a. Facilities necessary or desirable to the operation of
an academic medical center, one or more health sciences schools,...
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45-41A-10.19
Section 45-41A-10.19 Dissolution of corporation. At any time when the authority has no bonds
or other obligations outstanding, its board may adopt a resolution, which shall be duly entered
upon its minutes, declaring that the authority shall be dissolved. Upon filing for record
of a certified copy of the resolution in the office of the Judge of Probate of Lee County,
the authority shall thereupon stand dissolved and in the event it owned any property at the
time of its dissolution, the title to all its properties shall thereupon pass to the city.
(Act 85-185, p. 40, §20.)...
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45-41A-40.19
Section 45-41A-40.19 Dissolution of corporation. At any time when the authority has no bonds
or other obligations outstanding, its board may adopt a resolution, which shall be duly entered
upon its minutes, declaring that the authority shall be dissolved. Upon filing for record
a certified copy of the resolution in the office of the Judge of Probate of Lee County, the
authority shall thereupon stand dissolved and in the event it owned any property at the time
of its dissolution, the title to all its properties shall thereupon pass to the city. (Act
84-415, p. 981, §20.)...
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11-54A-20
Section 11-54A-20 Dissolution of corporation and vesting of title to property in city. At any
time when the authority has no bonds or other obligations outstanding, its board may adopt
a resolution, which shall be duly entered upon its minutes, declaring that the authority shall
be dissolved. Upon filing for record of a certified copy of the said resolution in the office
of the judge of probate of the county, the authority shall thereupon stand dissolved and in
the event it owned any property at the time of its dissolution, the title to all its properties
shall thereupon pass to the city. (Acts 1985, No. 85-683, §20.)...
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11-97-10
Section 11-97-10 Security for payment of bonds; contracts and agreements to secure. (a) Bonds
issued by any corporation may, as its board may deem advisable, be either general obligations
of such corporation or limited obligations payable only out of certain specified revenues
or assets of such corporation; provided, that any corporation may enter into contracts with
the holders of any of its bonds preventing such corporation from thereafter issuing general
obligation bonds or limiting the amount of such bonds that may thereafter be issued. To the
extent permitted by any contracts with the holders of outstanding bonds and any other contractual
obligations or requirements, any corporation may pledge any of its revenues or mortgage or
assign any of its assets, whether real or personal and whether tangible or intangible, to
secure the payment of any of its bonds. (b) As security for payment of the principal of and
the interest and premium, if any, on any bonds issued or assumed by it, any...
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