143 chapters · 3,669 sections in this title.
Ala. Code § 11-92B-1 Definitions
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When used in this chapter, the following words and terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) ARTICLES. The articles of incorporation of an authority. (2) AUTHORITY. A public corporation incorporated pursuant to this…
Ala. Code § 11-92B-10 Powers and Duties of Authority
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An authority shall have the following powers and duties together with all powers and duties incidental thereto or necessary to the discharge thereof: (1) To sue or be sued and to prosecute and defend in any court of competent jurisdiction. (2) To adopt and to use a corporate seal…
Ala. Code § 11-92B-11 Accounting
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An authority shall hire an independent certified public accounting firm to examine its books and records and render a written audit report annually. (Act 2009-337, p. 569, §11.)
Ala. Code § 11-92B-12 Bonds of the Authority
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(a) Bonds of an authority shall be signed by the chair or vice chair and attested to by the secretary or assistant secretary. The seal of an authority shall be affixed thereto. A facsimile of the signature of the officers may be printed or otherwise reproduced on any such bonds i…