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19-3-120
Section 19-3-120 Classes of authorized investments; repeal of conflicting statutes. (a) Unless
otherwise authorized or directed by the court having jurisdiction thereof, or by the will,
trust agreement or other document which is the source of authority, a trustee, executor, administrator,
guardian or one acting in any other fiduciary capacity, other than as a trustee governed by
the Alabama Uniform Trust Code, with the exercise of reasonable business prudence, in addition
to any other investments now permitted by law, may invest funds in securities or investments
which, at the time of the making or purchase thereof, are included in one or more of the following
classes: (1) Bonds or other interest-bearing obligations of the United States of America,
or payment of which the United States of America has guaranteed as to both principal and interest.
(2) Bonds issued by the Federal Land Bank, under the act of Congress of the United States
of America, designated as "the Federal Farm Loan...
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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the agency
shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in its corporate
name. b. May sue and be sued in its corporate name. c. May adopt, use and alter a corporate
seal, which shall be judicially noticed. d. May enter into such contracts and cooperative
agreements with the federal, state and local governments, with agencies of such governments,
with private individuals, corporations, associations, trusts and other organizations as the
board may deem necessary or convenient to enable it to carry out the purposes of this chapter,
including the planned, orderly residential development of the area. e. May adopt, amend and
repeal bylaws. f. May appoint such managers, officers, employees, attorneys and agents as
the board deems necessary for the transaction of its business, fix their compensation, define
their duties, require bonds of such of them as the board may...
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45-37-91.05
Section 45-37-91.05 Employees; delegation of duties; officers; contracts. (a) The power of
the bureau shall be vested in and exercised by the board subject to this part. (b) The board
shall be authorized to employ agents, employees, officers, consultants, attorneys, and to
secure such services and assistance as the board deems necessary to enable it to conduct and
engage in the activities and purposes for which this bureau is created. (c) The board may
delegate to one or more of its members, employees, agents, or officers, such duties as it
deems proper. (d) The board shall elect a chair and a vice chair of the board who shall serve
as chair in the event of the chair's absence. The board shall also elect a treasurer, assistant
treasurer, secretary, and assistant secretary. One person may serve as treasurer and secretary,
or as assistant treasurer and assistant secretary. The treasurer, assistant treasurer, secretary,
or assistant secretary may, but need not be, a member of the board....
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1-1-10
Section 1-1-10 Repeal of uncodified statutes of public, general, and permanent nature; certain
statutes saved from repeal. Subject to the provisions of this section, or as may be otherwise
provided in this Code, all statutes of a public, general and permanent nature, not included
in this Code, are repealed. The foregoing provisions of this section shall not repeal, nor
be construed to repeal, local, private or special statutes; nor statutes which relate to or
apply to only one county, municipality, political subdivision, district or territory; nor
statutes which apply to one or more counties, municipalities, political subdivisions, districts
or territories on the basis of population; nor statutes in effect on the effective date of
this Code which apply to one or more judicial circuits of the state, whether by specific reference
thereto, or the basis of population or by some other method of identification or classification;
nor statutes in effect on the effective date of this Code which...
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11-54-127
Section 11-54-127 Additional powers of boards. (a) In addition to all other powers conferred
on it by law, and subject to any express provisions of its certificate of incorporation to
the contrary, any industrial development board shall have all of the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To create or establish one or more endowment trust funds. (2) To receive and accept from
any private source, for the account of any endowment trust fund so created or established
by it, contributions in the form of gifts of money, stocks, bonds, and other debt securities,
other personal property, whether tangible or intangible, and real property of any description,
subject, in the case of any such contribution, to any lawful condition to the use thereof
that is specified by the donor thereof and that is not inconsistent with the provisions of
this division. (3) To deposit, or to cause to be deposited, into any...
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11-97-8
Section 11-97-8 Powers of corporation; location of facilities of corporation. (a) Every corporation
shall have all of the powers necessary and convenient to carry out and effectuate the purposes
and provisions of this chapter, including (without limiting the generality of the foregoing)
the following powers: (1) To have succession in its corporate name for the duration of time
(which may be in perpetuity, subject to the provisions of Section 11-97-22 hereof) specified
in its certificate of incorporation; (2) To sue and be sued in its own name in civil suits
and actions and to defend suits against it; (3) To adopt and make use of a corporate seal
and to alter the same at pleasure; (4) To adopt, alter, and repeal bylaws, regulations, and
rules, not inconsistent with the provisions of this chapter, for the regulation and conduct
of its affairs and business; (5) To acquire, whether by gift, purchase, transfer, foreclosure,
lease, or otherwise, to construct and to expand, improve, operate,...
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16-25-1
Section 16-25-1 Definitions. For the purposes of this chapter the following terms, unless a
different meaning is plainly required by the context, shall have the following respective
meanings: (1) RETIREMENT SYSTEM. The Teachers' Retirement System of Alabama as defined in
Section 16-25-2. (2) PUBLIC SCHOOL. Any day school conducted within the state under the authority
and supervision of a duly elected or appointed county or city board of education and any educational
institution supported by and under the control of the state or any private nondenominational
school operated nonprofit for the education of children of school age residing within a district
where no public school is available for the children. (3) TEACHER. Any teacher, principal,
superintendent, supervisor, college professor, administrative officer, or clerk employed in
any public school or public college within the state or employed in any private nondenominational
school operated nonprofit for the education of children of...
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25-8-32.2
Section 25-8-32.2 Child Labor Administrative Trust Fund. (a) The Child Labor Administrative
Trust Fund is established in the State Treasury into which shall be deposited certain assessments
under this chapter collected by the department. The fund shall constitute a separate fund
to be disbursed by the state Comptroller on order of the secretary. For two years following
May 19, 2009, the child labor division of the department shall be funded from the State General
Fund after which expenses incurred by the child labor division of the department under the
child labor law, including the salaries of all employees, travel cost, and costs of administration
and enforcement as may become necessary, either within or without the state, shall be paid
from the trust fund in the State Treasury upon warrants of the state Comptroller drawn upon
the State Treasury from time to time when vouchers therefor are approved by the secretary.
For the two years referred to in the previous sentence, the amount...
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45-39-221.04
Section 45-39-221.04 Powers of board; officers. (a) All powers of the tourism board shall be
exercised, and the tourism board shall be governed, by the board or pursuant to its authorization,
in accordance with this part. (b) The board, if and to the extent such action is consistent
with succeeding provisions of this section, may delegate to one or more of the directors,
or to any one or more of the employees, agents, or officers of the tourism board, such duties
as it deems proper. (c) The officers of the tourism board shall consist of a chair, a vice
chair, a secretary, a treasurer, and such other officers as the board shall deem necessary
or desirable. The board shall elect the chair, the vice chair, the secretary, and the treasurer;
and the vice chair shall serve as chair in the event of the absence of the chair. The chair
and vice chair shall be directors, and the treasurer and secretary may, but need not, be directors.
One person may serve as treasurer and secretary. Each officer...
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11-2-1
Section 11-2-1 Bonds requirements. (a) For the purposes of this chapter, the following words
have the following meanings: (1) COUNTY EMPLOYEE. An employee or clerk, deputy, or employee
in any county office, but shall not mean an employee of the county board of education. (2)
COUNTY OFFICIAL or COUNTY OFFICER. A county commissioner, county taxing official, judge of
probate, sheriff, coroner, or constable. (3) COUNTY TAXING OFFICIAL. A tax assessor, tax collector,
revenue commissioner, license commissioner, or other person charged by law in a county with
the assessing or collecting of taxes. (b) All county officials of all counties in this state
and any county employee designated by law or the county commission shall be required to execute
official bonds for the faithful performance of their duties and such additional official bonds
as from time to time the public interest may demand and as may be required by the provisions
of law. Except for a local taxing official executing bond...
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