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41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST FUND.
The trust fund of the state created under Amendment 450 to the Constitution of Alabama of
1901, and appearing as ยง219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-759.
(3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established pursuant
to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued pursuant to
this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement of
economic damages claims of the state against BP Exploration and Production, Inc. and any of
its corporate affiliates arising out of the Deepwater Horizon oil spill...
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11-99A-6
Section 11-99A-6 Powers of a district. Any district shall have the following powers, in addition
to those stated elsewhere in this chapter: (1) To have perpetual existence, subject to termination
as herein provided. (2) To have and use a corporate seal, but the use of a corporate seal
on any document shall not be required for the validity of a document or the due execution
and delivery thereof. (3) To sue and to be sued and to be a party to suits, actions, and proceedings,
but subject to the limitations on liability and the immunity granted in this chapter. (4)
To enter into contracts and agreements affecting the affairs of the district, including contracts
with the United States of America and any other public person. (5) To borrow money and to
incur indebtedness and to evidence the same by bonds, all without an election. (6) To acquire
and dispose of land, real property, personal property, and interests therein of any nature.
(7) To acquire, construct, install, and operate...
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16-16A-2
Section 16-16A-2 Definitions. As used in this chapter, the following words and phrases shall
have the following meanings: (1) AUTHORITY. The Public School and College Authority. (2) BASELINE
DATE. January 1, 2006. (3) 2005 BRAC. a. Closure actions according to the 2005 Base Closure
and Realignment Commission Report of the U.S. Department of Defense as they relate to Redstone
Arsenal. b. Subsequent BRAC Actions are closure actions according to any Base Closure and
Realignment Commission Report of the U.S. Department of Defense subsequent to the 2005 Base
Closure and Realignment Commission Report of the U.S. Department of Defense or administrative
actions by a United States government agency, department, or organization which positively
impact the number of Redstone Arsenal jobs. (4) BRAC DISTRIBUTIONS. Bond proceeds to be distributed
to the local school districts for purposes of and as allocated by this chapter. (5) BRAC IMPACTED
AREA. The geographic area within Madison County and the...
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16-18A-4
Section 16-18A-4 Powers and duties. The purpose of the authority shall be to assist institutions
for higher education in the construction, financing and refinancing of the projects. The exercise
by the authority of the powers conferred by this chapter shall be deemed and held to be the
performance of an essential public function. For the purpose of this chapter, the authority
shall have the powers and duties set forth in this section. (1) To adopt an official seal
and alter the same at its pleasure. (2) To sue and be sued in contract and in tort and to
complain and defend in all courts of law and equity. (3) To maintain an office at such place
or places as it may designate. (4) To determine the location and character of any project
financed under this chapter, to acquire, construct, reconstruct, remodel, maintain, manage,
enlarge, alter, add to, repair, operate, lease as lessee or lessor, sell or otherwise dispose
of, any project in any manner it deems to the best advantage of the...
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22-23B-6
Section 22-23B-6 Alabama Drinking Water Finance Authority - Powers. (a) The authority shall
have the following powers, among others specified by or required to implement the provisions
of this chapter: To have succession in its corporate name until the principal of and interest
on all bonds issued by it shall have been fully paid; To sue and be sued and to prosecute
and defend, at law and in equity, in any court having jurisdiction of the subject matter and
of the parties thereto; To have and to use a corporate seal and to alter such seal at pleasure;
To establish a fiscal year; To acquire in any manner and to hold title to or leasehold interests
in real and personal property and to sell, convey or lease the same for purpose of carrying
out its functions and duties hereunder; To construct and operate or lease to or from any public
body any one or more projects; To execute agreements obligating the authority to agree to
pay and to pay such portion of the estimated reasonable cost of the...
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16-17A-8
Section 16-17A-8 Powers of authority. (a) An authority shall have and may exercise any power
granted nonprofit corporations under Title 10A, together with all powers incidental thereto
or necessary or desirable to the discharge thereof, including, without limitation, the following
specific powers: (1) To adopt, maintain, and amend bylaws and a corporate seal. (2) To sue
and, subject to the limitations herein, be sued; provided, however, that no authority entitled
to sovereign immunity shall be denied such immunity. (3) To acquire, construct, equip, and
operate those health care facilities it considers necessary or desirable. (4) To enter into
contracts and agreements, borrow money, incur indebtedness, and issue bonds, notes, debt securities,
or any other evidence of indebtedness. (5) To pledge the general credit of the authority or
any revenues or income of the authority to repayment of any of its indebtedness. (6) To mortgage
or pledge its health care facilities or its other assets or...
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9-10-5
Section 9-10-5 Powers and duties generally. The corporation organized and established under
this article shall have the following powers, subject only to the limitations described hereinafter:
(1) To adopt bylaws for the regulation of its affairs and the conduct of its business; (2)
To adopt, use and alter a corporate seal which shall be judicially noticed; (3) To maintain
a principal office at a place named in its papers of incorporation and a suboffice or suboffices
at such places as it may deem necessary; (4) To enter into such contracts and cooperative
agreements with federal, state and local governments, with agencies of such governments, with
private individuals, corporations and associations and other organizations to do any act necessary
or incidental to the performance of its duties and execution of its powers under this article;
(5) To sue and be sued in its own name; (6) To enter into agreements with the United States
government or its agencies or political subdivisions...
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37-13-1
Section 37-13-1 Definitions. When used in this chapter, unless the context plainly indicates
otherwise, the present tense shall include the future tense, the singular shall include the
plural, the plural shall include the singular and the following words and phrases shall have
the meanings respectively ascribed to them by this section. (1) ADDITIONAL RAIL SERVICE AREA.
Any territory that is outside the boundaries or corporate limits, as the case may be, of any
of its authorizing subdivisions and that the governing body of the county, and of any city
or town, in which such territory is located has by resolution designated as an area in which
the authority may render rail transportation service. (2) AUTHORITY. Any public corporation
organized pursuant to this chapter or any law amendatory thereof or supplemental thereto.
(3) AUTHORIZING SUBDIVISION. Any county, city, or town in this state in which there are located
railroad properties and facilities and whose governing body receives an...
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9-6-8
Section 9-6-8 Powers and duties generally. 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 in perpetuity)
specified in its certificate of incorporation; (2) To maintain civil actions and have civil
actions maintained against it in its corporate name, 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 amend its certificate of incorporation by filing
in the office of the Secretary of State a certificate signed by all of the directors of the
authority setting forth the details of the amendment, such certificate to be acknowledged
in the same manner as the certificate of incorporation; (5) To adopt and alter bylaws for
the regulation and conduct of its affairs and business; (6) To...
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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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