Section 11-101A-5 – Amendment to Certificate of Incorporation.
Section 11-101A-5 Amendment to certificate of incorporation. (a) The certificate of incorporation of any authority incorporated under this chapter may at any time, and from time to time, be amended, but only in the manner provided in this section. The board shall first adopt a resolution proposing an amendment to the certificate of incorporation of […]
Section 11-101A-21 – Exemption From Taxation.
Section 11-101A-21 Exemption from taxation. All properties of an authority, whether real, personal, or mixed, and the income therefrom, all securities issued by an authority and the income therefrom, and all indentures and other instruments executed as security therefor, all leases made pursuant to this chapter and all revenues derived from such leases, and all […]
Section 11-103-2 – Agreements With Credit Card Issuers, Etc.
Section 11-103-2 Agreements with credit card issuers, etc. The county commission or municipal governing body may enter into appropriate agreements with one or more credit card issuers or other appropriate parties as needed to facilitate the acceptance of credit card payments, provided that no agreement may provide for the receipt of payments at a discount […]
Section 11-101A-6 – Board of Directors.
Section 11-101A-6 Board of directors. (a) Each corporation shall be governed by a board of directors composed of the number of directors provided in the certificate of incorporation as most recently amended. Unless provided to the contrary in its certificate of incorporation, all powers of the authority shall be exercised by the board or pursuant […]
Section 11-101A-22 – Applicability of Certain Competitive Bidding Provisions.
Section 11-101A-22 Applicability of certain competitive bidding provisions. Articles 2 (commencing with Section 41-16-20) and 3 (commencing with Section 41-16-50), Chapter 16, Title 41, shall not apply to any authority, the members of its board, or any of its officers or employees. (Act 2001-642, p. 1317, §1.)
Section 11-103-3 – Liability for Final Payment.
Section 11-103-3 Liability for final payment. (a) When a party elects to make a payment to a county or municipal agency, office, department, board, or commission by credit card and a surcharge or convenience fee is imposed, the payment of the surcharge or convenience fee shall not be refundable. (b) No person making payment to […]
Section 11-101A-7 – Officers.
Section 11-101A-7 Officers. The officers of an authority shall consist of a chair of the board, a vice-chair of the board, a secretary, a treasurer, and such other officers as the board deems necessary or desirable. The chair and the vice-chair of the board shall be elected by the board from its membership but neither […]
Section 11-101A-23 – Public Corporation.
Section 11-101A-23 Public corporation. An authority shall be a public corporation or authority 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 the board shall determine that sufficient provision has been made for the full […]
Section 11-101A-8 – Powers of Authority.
Section 11-101A-8 Powers of authority. (a) In addition to all other powers granted elsewhere in this chapter, and subject to the express provisions of its certificate of incorporation, an 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 […]
Section 11-101A-24 – Dissolution.
Section 11-101A-24 Dissolution. At any time when the authority does not have any securities outstanding, and when there shall be no other obligations assumed by the authority that are then outstanding, the board may adopt a resolution, which shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon the filing […]