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143 chapters · 3,669 sections in this title.
Ala. Code § 11-54-187 Freedom of Authority from State Supervision and Control
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This article is intended to aid the state through the furtherance of the purposes of the article by providing appropriate and independent instrumentalities of the state with full and adequate powers to fulfill their functions. Except as expressly provided in this article, no proc…
Ala. Code § 11-54-188 Earnings of an Authority
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An 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 that in the event a board shall determine that sufficient provision has been made for t…
Ala. Code § 11-54-189 Dissolution of Authority and Vesting of Title to Property in Authorizing Municipality
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At any time when an 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 said resolution in the o…
Ala. Code § 11-54-190 Incorporation of Another Authority by Same Municipality
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The existence of an authority incorporated under the provisions of this article shall prevent the subsequent incorporation hereunder of another authority pursuant to authority granted by the same municipality. Notwithstanding this section, an authority whose membership solely inc…