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134 chapters · 10,612 sections in this title.
Ala. Code § 45-23A-91.06 Board of Directors
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Each 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 seven directors who shall be elected by the governing body of the city for staggered terms as hereina…
Ala. Code § 45-23A-91.07 Officers of the Authority
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The officers of the authority shall consist of a chair, vice chair, secretary, treasurer, and such other officers as its board shall deem necessary or appropriate. The offices of secretary and treasurer may, but need not, be held by the same person. The chair and vice chair of th…
Ala. Code § 45-23A-91.08 Powers of the Authority
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(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 45-23A-91.19)…
Ala. Code § 45-23A-91.09 Bonds of Authority
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(a) Source of payment. All bonds issued by the authority shall be payable solely out of the revenues and receipts derived from the leasing or sale by the board of its projects or of any thereof as may be designated in the proceedings of the board under which the bonds shall be au…