|
45-8A-111.08
Section 45-8A-111.08 Powers of authority. (a) 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
perpetuity, subject to Section 45-8A-111.19) specified in its certificate of incorporation;
(2) To sue and be sued in its own name and to prosecute and defend civil actions in any court
having jurisdiction of the subject matter and of the parties; (3) To adopt and make use of
a corporate seal and to alter the same at pleasure; (4) To adopt and alter bylaws for the
regulation and conduct of its affairs and business; (5) To acquire, whether by purchase, construction,
exchange, gift, lease, or otherwise and to refinance existing indebtedness on, improve, maintain,
equip, and furnish one or more projects, including all real and personal properties which
the board of the authority may deem necessary in connection...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-111.08.htm - 7K - Match Info - Similar pages
45-8A-20.08
Section 45-8A-20.08 Powers of authority. (a) 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
perpetuity, subject to the provisions of Section 45-8A-20.19) specified in its certificate
of incorporation; (2) To sue and be sued in its own name and to prosecute and defend civil
actions in any court having jurisdiction of the subject matter and of the parties; (3) To
adopt and make use of a corporate seal and to alter the same at pleasure; (4) To adopt and
alter bylaws for the regulation and conduct of its affairs and business; (5) To acquire, whether
by purchase, construction, exchange, gift, lease, or otherwise and to refinance existing indebtedness
on, improve, maintain, equip, and furnish one or more projects, including all real and personal
properties which the board of the authority may deem necessary in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-20.08.htm - 7K - Match Info - Similar pages
11-31-3
Section 11-31-3 Board of directors - Officers; meetings; powers; funding. (a)(1) The board
of directors of the authority may do all of the following: a. Appoint a chair from among its
membership, subject to an annual rotation of the chair position between or among the representative
members of the board from each county comprising the radio/alert notification communications
district in the case of a multi-county district. b. Appoint a vice chair from among its membership,
provided that in the case of a multi-county district, the vice chair shall be a representative
of a county other than the one represented by the chair. c. Appoint other officers from among
its membership as it may deem necessary from among the membership of the board. (2) A majority
of the directors shall constitute a quorum for the purpose of conducting business. (b) The
authority shall have all of the following powers: (1) Employ such employees, experts, and
consultants as it deems necessary to assist the board in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-31-3.htm - 5K - Match Info - Similar pages
11-40-68
Section 11-40-68 Foreclosure sale; form of deed. (a) Following the hearing and order of the
court in accordance with Section 11-40-66, the court shall cause a sale of the real property
to be advertised and conducted by the court in a manner similar to that procedure contemplated
by Section 40-10-15. The sale shall not occur earlier than 45 days following the date of the
order of the court. (b) Except as otherwise authorized by law, the minimum bid price for the
sale of the real property shall be the redemption amount. (1) In the absence of any bid higher
than the minimum bid price, the court or its designee shall bid in for the real property on
behalf of the Class 2 municipality or its designee in an amount equal to the minimum bid price,
thereby causing the Class 2 municipality to become the purchaser at the sale pursuant to Section
11-40-66. (2) A bid in on behalf of the Class 2 municipality or its designee shall be tendered
as a credit bid for that part of the minimum bid price...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-40-68.htm - 7K - Match Info - Similar pages
11-50-410
Section 11-50-410 Rights and remedies of bondholders and trustees. In addition to all other
rights and all other remedies, any holder or holders of any bond or bonds of any district
incorporated under this article, including a trustee for a bondholder, shall have the right,
subject to any contractual limitation binding upon such bondholder or holders or trustee and
subject to the prior or superior rights of others: (1) To bring an action on the bonds; (2)
To enforce its rights against the district and the board of directors, by mandamus or other
civil action or proceeding, including the right to require the district and such board to
fix and collect rates and charges adequate to carry out any agreement as to or pledge of the
revenues produced by such rates or charges and to require such district and such board to
carry out the other covenants and agreements with such bondholder and to perform its and their
duties under this article and under any mortgage, indenture of trust or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-410.htm - 2K - Match Info - Similar pages
22-21-331
Section 22-21-331 Remedies for default in payment of securities or performance of lease agreement.
(a) If there should be any default in the payment of the principal of or interest on any securities
issued under this article, then the holder of any such securities and any coupons applicable
thereto (subject to any provision of the resolution or indenture under which such securities
were issued restricting the individual rights of action of any such holders or vesting such
rights exclusively in a trustee), and the trustee under any indenture, or any one or more
of them: (1) May, by mandamus, injunction or other proceedings, compel performance of all
duties of the directors and officers of the authority with respect to the use of funds for
the payment of such securities and for the performance of the agreements of the authority
contained in the proceedings under which they were issued; (2) Shall be entitled to a judgment
against the authority for the principal of and interest on the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-331.htm - 3K - Match Info - Similar pages
23-3-5
Section 23-3-5 Acquisition of property and property rights. (a) For the purpose of this chapter,
the highway authorities of the state, acting alone or through the counties, cities, and towns,
may acquire private or public property and property rights for controlled access facilities
and service roads, including rights of access, air, view and light, by gift, devise, purchase,
or condemnation in the same manner as such authorities are now, or hereafter may be, authorized
by law to acquire such property or property rights in connection with highways and streets
within their respective jurisdiction. In connection with the acquisition of property or property
rights for any controlled access facility, or portion thereof or service road in connection
therewith, the state, county, city, or town highway authority is hereby authorized, in its
discretion, to acquire an entire lot, block or tract of land, even though such entire lot,
block or tract of land is not immediately needed for the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-3-5.htm - 2K - Match Info - Similar pages
39-1-1
Section 39-1-1 Bonds required of persons contracting for public works; commencement, etc.,
of actions upon bond by persons supplying labor, etc., to contractor; offer to accept judgment;
notice of completion of project by contractor and final settlement; applicability. (a) Any
person entering into a contract with an awarding authority in this state for the prosecution
of any public works shall, before commencing the work, execute a performance bond, with penalty
equal to 100 percent of the amount of the contract price. In addition, another bond, payable
to the awarding authority letting the contract, shall be executed in an amount not less than
50 percent of the contract price, with the obligation that the contractor or contractors shall
promptly make payments to all persons supplying labor, materials, or supplies for or in the
prosecution of the work provided in the contract and for the payment of reasonable attorneys'
fees incurred by successful claimants or plaintiffs in civil...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-1-1.htm - 6K - Match Info - Similar pages
40-10-135
Section 40-10-135 Deed of state on sale of land bid in by state. When lands have been sold
by the state, as provided in Sections 40-10-132 and 40-10-134, and the purchase money has
been paid, the Land Commissioner, in behalf of the state, shall execute to the purchaser a
deed, duly acknowledged, without warranty or covenant of any kind on the part of the state,
express or implied, conveying to him all the right, title, and interest of the state in and
to the lands purchased by him; and such purchaser shall thereafter have all the right, title,
and interest of the state in and to such lands and shall be held and treated as the assignee
of all the taxes due upon such lands, or for which they were sold, and the penalties and all
of the taxes that should have been under the law assessed upon the same, if they had been
the property of a private citizen of the state, and he shall be clothed with all the rights,
liens, powers, and remedies, whether as a plaintiff or defendant, respecting said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-10-135.htm - 1K - Match Info - Similar pages
45-19-82.50
Section 45-19-82.50 General register of transactions; disposition of funds. (a) The Judge of
Probate of Coosa County pursuant to Section 12-13-41, shall maintain a general register for
all transactions recorded by the probate office and shall have a general direct and general
reverse index for every instrument filed. Specifically included in the general register are
those instruments described in Section 12-13-41(11) (deeds and mortgages, etc.); Section 12-13-41(13)
(adverse possession); Section 35-4-52 (bankruptcy petitions); Section 35-4-53 (bonds for title);
Sections 35-4-69 and 35-4-71 (affidavits relative to chain of title of land); Section 35-4-76
(options to buy land); Section 35-4-90 (agreements to convey land); Section 35-4-91 (wills
which convey real property); Section 35-4-130 (lis pendens and hospital liens); Sections 36-5-3,
36-5-4, 36-5-5, and 36-5-6 (official bonds, notary bonds and oaths of office); Section 10-2A-93
(corporations); Section 10-4-26 (church minutes which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-19-82.50.htm - 2K - Match Info - Similar pages
|