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45-36-252.03
Section 45-36-252.03 Board of directors. (a) The board of the Jackson County Water Authority
shall consist of five directors who shall be appointed in the following manner: One director
by the Jackson County Commission for an initial term of two years; two directors by the state
senator from Jackson County for initial terms of three years so that both of these appointees
are not qualified electors of the same state House of Representative's district; and two directors
by the members of the state House of Representatives representing Jackson County for initial
terms of four years. (b) As soon as may be practicable after the organization of the authority,
an election shall be held by the board of directors to elect a vice chair and a secretary-treasurer.
After the initial term of three years for the chair, the board of directors shall elect a
chair who shall serve two-year terms. (c) Upon the expiration of the initial terms, directors
shall serve a term of four years and vacancies shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.03.htm - 2K - Match Info - Similar pages
5-5A-23
Section 5-5A-23 Investments and loans with respect to housing. (a) Banks, insurance companies
and savings and loan associations are authorized: (1) To make such loans and advances of credit
and purchases of obligations representing loans and advances of credit as are eligible for
insurance and to obtain such insurance; and (2) To make such loans secured by real property
or leasehold as the Federal Housing Administrator insures or makes a commitment to insure
and to obtain such insurance. (b) It shall be lawful for banks, insurance companies or savings
and loan associations to purchase, invest in and dispose of bonds or notes secured by mortgages
issued by the Federal Housing Administrator and in securities issued by national mortgage
associations. (c) No law of this state requiring security upon which loans or investments
may be made, or prescribing or limiting interest rates upon loans or investments, or prescribing
or limiting the period for which loans or investments may be made...
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16-25-3.1
Section 16-25-3.1 Purchase of credit for service by members age 61 or older at time of employment.
Any member of the Teachers' Retirement System of Alabama who was prohibited from participating
in the Teachers' Retirement System because such member was age 61 or older at the time of
his employment may purchase credit for any such service including service subsequent to July
1, 1988, for which the member would have been eligible for coverage except for his age, provided
that such member shall pay to the Secretary-Treasurer of the Teachers' Retirement System within
one year after October 1, 1989, a sum equal to the total contributions which he would have
made as a member during the period of such employment plus eight percent interest on such
total contributions compounded annually from the date of such service. (Acts 1989, No. 89-695,
p. 1370, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-3.1.htm - 1K - Match Info - Similar pages
36-27-4.1
Section 36-27-4.1 Membership - Purchase of service credit by member prohibited from participating
because of age. Any member of the Employees' Retirement System of Alabama who was prohibited
from participating in the Employees' Retirement System because such member was age 61 or older
at the time of his employment may purchase credit for any such service including service rendered
subsequent to October 1, 1988, for which the member would have been eligible for coverage
except for his age, provided that such member shall pay to the Secretary-Treasurer of the
Employees' Retirement System within one year after October 1, 1989, a sum equal to the total
contributions which he would have made as a member during the period of such employment plus
eight percent interest on such total contributions compounded annually from the date of such
service. (Acts 1989, No. 89-695, p. 1370, §4.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-4.1.htm - 1K - Match Info - Similar pages
40-16-1
Section 40-16-1 Definitions. For the purpose of this chapter, the following terms shall have
the respective meanings ascribed to them by this section: (1) FINANCIAL INSTITUTION. Any person,
firm, corporation, and any legal entity whatsoever doing business in this state as a national
banking association, bank, banking association, trust company, industrial or other loan company
or building and loan association, and such term shall likewise include any other institution
or person employing moneyed capital coming into competition with the business of national
banks, and shall apply to such person or institution regardless of what business form and
whether or not incorporated, whether of issue or not, and by whatsoever authority existing.
The common parent corporation of a controlled group of corporations eligible to elect to file
a consolidated excise tax return, in accordance with Section 40-16-3, shall be considered
a financial institution if such parent corporation is a registered bank...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-16-1.htm - 4K - Match Info - Similar pages
45-33-80
Section 45-33-80 Additional tax; Hale County Law Library Fund; committee. In any case, action,
or proceeding hereafter filed, whether at law or in equity in any circuit or district court
in Hale County, there is hereby authorized to be charged a tax of two dollars ($2) which tax
shall be in equity in any circuit or district court in Hale County, there is hereby authorized
to be charged a tax of two dollars ($2) which tax shall be in addition to all other court
costs heretofore authorized to be charged. The costs taxed under this section shall be collected
as other costs in such cases are collected and when collected by the clerks of other collecting
officers of such courts, including the register of the circuit court, shall be by them paid
over to the treasurer or depository of Hale County for deposit in the county treasury. The
sums so paid over to the county treasurer or depository shall be maintained in a separate
fund in the county treasury, designated as the Hale County Law...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-33-80.htm - 4K - Match Info - Similar pages
45-44-81
Section 45-44-81 Law library. In any case, action, or proceeding hereafter filed, whether at
law or in equity in any circuit or district court in Macon County, there is hereby authorized
to be charged a tax of one dollar ($1) which tax shall be in addition to all other court costs
heretofore authorized to be charged. The costs taxed under this section shall be collected
as other costs in such cases are collected; and when collected by the clerks or other collecting
officers of such courts, including the register of the circuit court, shall be by them paid
over to the treasurer or depository of Macon County for deposit in the county treasury. The
sums so paid over to the county treasurer or depository shall be maintained in a separate
fund in the county treasury, designated as the Macon County Law Library Fund. Such fund shall
be administered by a committee composed of five members consisting of the state senator from
Macon County, the member of the House of Representatives whose...
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8-8-15
Section 8-8-15 Bad check charge; deemed not finance charge. (a) Any lender of money, extender
of other credit, or merchant making a sale of merchandise, goods, or services, or the assignee
of the lender, extender of credit, or merchant who receives a check, draft, negotiable order
of withdrawal, or like instrument drawn on a bank or other depository institution given by
any person in full or partial repayment of a loan, other extension of credit, or a sale of
merchandise, goods, or services may, if the instrument is not paid or is dishonored by the
institution, charge and collect, through regular billing procedure or otherwise, from the
borrower, person to whom the credit was extended, or from whom the instrument was received,
a bad check charge of not more than the greater of either twenty-five dollars ($25) or an
amount equal to the actual charge by the depository institution for the return of unpaid or
dishonored instruments. (b) Commencing January 1, 1999, the bad check charge in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-8-15.htm - 1K - Match Info - Similar pages
11-62-5
Section 11-62-5 Board of directors. (a) Every authority shall be governed by a board of directors.
All powers of the authority shall be exercised by the board or pursuant to its authorization.
The board shall consist of three directors elected in the manner hereinafter prescribed, as
soon as may be practicable after the organization of the authority, by the governing body
of the determining municipality for staggered terms as follows: The first term of one director
shall begin immediately upon his election and shall end at noon on the second Monday of November
of the next succeeding odd-numbered calendar year following his election; the first term of
another director shall begin immediately upon his election and shall end at noon on the second
Monday of November of the second succeeding odd-numbered calendar year following his election;
and the first term of the remaining director shall begin immediately upon his election and
shall end at noon on the second Monday of November of the...
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35-12-71
Section 35-12-71 Definitions. As used in this article, unless the context otherwise requires,
the following terms shall have the meanings respectively ascribed to them by this section:
(1) APPARENT OWNER. A person whose name appears on the records of a holder as the person entitled
to property held, issued, or owing by the holder. (2) BUSINESS ASSOCIATION. A corporation,
joint stock company, investment company, partnership, unincorporated association, joint venture,
limited liability company, business trust, trust company, safe deposit company, financial
organization, insurance company, mutual fund, utility, or other business entity consisting
of one or more persons, whether or not for profit. (3) DOMICILE. The state of incorporation
of a corporation and the state of the principal place of business of a holder other than a
corporation. (4) FINANCIAL ORGANIZATION. A savings and loan association, building and loan
association, industrial loan organization, credit union, cooperative bank,...
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