2-6-12
Section 2-6-12 Annual appropriation. (a) Beginning in the fiscal year ending September 30,
2013, and in each fiscal year thereafter there shall be appropriated from the State General
Fund to the Alabama Agriculture Center Board the sum of eight hundred thousand dollars ($800,000).
(b) This annual appropriation shall be in addition to any and all other appropriations to
the Alabama Agriculture Center Board. The annual appropriation to the board in the amount
of eight hundred thousand dollars ($800,000) shall continue in each succeeding fiscal year
as long as a restoration, renovation, and improvement agreement of at least thirty million
dollars ($30,000,000) remains in effect between the board and any public institution or corporation
of the State of Alabama for the renovation and rehabilitation of Garrett Coliseum and the
Alabama Agriculture Center, located in Montgomery, Alabama. (c) In the fiscal year following
the expiration or termination of the above agreement, the provisions of...
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8-8-7
Section 8-8-7 Maximum rates of interest - Exemption of bonds, notes, etc., of state, instrumentalities,
localities, etc. Any bonds, notes, warrants, other evidences of indebtedness, or securities
issued by the State of Alabama or any department, agency, or instrumentality thereof, by any
not-for-profit public or private corporation at any time organized or created pursuant to
act of the Legislature or executive order of the Governor for the purpose of acting as an
instrumentality of the State of Alabama or otherwise acting in the public interest and by
any board of water and sewer commissioners created under the provisions of Article 10, Chapter
50, Title 11, and authorized to issue bonds under Section 11-50-345 by any municipality, by
any county, by any public corporation heretofore or hereafter organized or created in the
State of Alabama pursuant to authorization, determination, finding, or other action of any
municipality or municipalities or county or counties or the governing...
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11-59-12
Section 11-59-12 Conveyances of properties to corporations by municipalities. The municipality
is hereby authorized and empowered to transfer and convey to the corporation any properties
which, at the time of such transfer and conveyance, may have been acquired by such municipality
as a site for or which may then be used as a facility, together with such improvements thereon
and equipment and furnishings owned by the municipality in connection therewith as the governing
body of the municipality may deem advisable. Such transfer and conveyance may be authorized
by an ordinance duly adopted by the governing body of the municipality, and it shall not be
necessary that the same be authorized at an election of the qualified voters of the municipality.
Such transfer and conveyance may be made as a gift to the corporation and without consideration
therefor or on such consideration as may be expressed in such ordinance, as the governing
body of the municipality may deem advisable; provided,...
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41-10-451
Section 41-10-451 Definitions. (1) AUTHORITY. The public corporation organized pursuant to
the provisions of this article. (2) BONDS. Those bonds, including refunding bonds, authorized
to be issued by the authority pursuant to act of the Legislature. (3) GOVERNMENT SECURITIES.
Any bonds or other obligations which as to principal and interest constitute direct obligations
of, or are unconditionally guaranteed by, the United States of America, including obligations
of any federal agency to the extent such obligations are unconditionally guaranteed by the
United States of America and any certificates or any other evidences of an ownership interest
in such obligations of, or unconditionally guaranteed by, the United States of America or
in specified portions thereof (which may consist of the principal thereof or the interest
thereon). (4) PERMITTED INVESTMENTS. (i) Government securities; (ii) bonds, debentures, notes
or other evidences of indebtedness issued by any of the following...
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45-23A-91.19
Section 45-23A-91.19 Dissolution of the corporation; vesting of title to property in the 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 a certified copy of the resolution in the office
of the Judge of Probate of Dale 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 84-395, p. 904, §20.)...
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45-27A-31.19
Section 45-27A-31.19 Dissolution of the corporation and vesting of title to property in the
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 resolution in the office
for the Judge of Probate of Escambia 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 82-740, p. 196, §20.)...
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45-35A-52.19
Section 45-35A-52.19 Dissolution of corporation; vesting of title to property in the 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 resolution in the office
of the Judge of Probate of Houston 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 82-303, p. 393, §20.)...
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45-8A-111.19
Section 45-8A-111.19 Dissolution of the corporation and vesting of title to property in the
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 a certified copy of the resolution in the office
of the Judge of Probate of Calhoun 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 85-318, p. 223, §20.)...
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45-8A-20.19
Section 45-8A-20.19 Dissolution of the corporation and vesting of title to property in the
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 a certified copy of the resolution in the office
of the Judge of Probate of Calhoun 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 85-319, p. 239, §20.)...
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11-32-20
Section 11-32-20 Dissolution of transit authority. The authority shall be a nonprofit corporation,
and no part of its net earnings remaining after payment of its expenses shall inure to the
benefit of any individual, firm, or corporation except as provided in this section. At any
time when the authority has no bonds or outstanding obligations, 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 authorizing county, the authority shall be dissolved and in the event it
owned any property at the time of its dissolution, the title to its properties shall pass
to, and vest equally in, the principal municipality and the authorizing county, as tenants
in common. (Act 2013-380, p. 1389, §20.)...
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