Section 33-17-14 – Bonds – State Treasurer to Pay Principal and Interest of Bonds; Records.
Section 33-17-14 Bonds – State Treasurer to pay principal and interest of bonds; records. Out of any funds in the State Treasury that may be available for such purpose, the State Treasurer is authorized and directed to pay the principal of and interest on the bonds at the respective maturities of the said principal and […]
Section 33-17-15 – Dissolution of Authority.
Section 33-17-15 Dissolution of authority. At any time when no duties or obligations of the authority shall remain to be discharged, or when all duties and obligations remaining to be discharged shall have been effectively delegated to public corporations, agencies and departments of the state in accordance with Section 33-17-10, the authority may be dissolved […]
Section 33-17-1 – Definitions.
Section 33-17-1 Definitions. The following words and phrases used in this chapter, and others evidently intended as the equivalent thereof, shall, in the absence of clear implication herein otherwise, be given the following respective interpretations herein: (1) AUTHORITY. The public corporation organized pursuant to the provisions of this chapter. (2) BOARD. The board of directors […]
Section 33-17-2 – Legislative Intent; Construction of Chapter.
Section 33-17-2 Legislative intent; construction of chapter. The Legislature hereby makes the findings of facts and declaration of intent hereinafter set forth in this section. The construction of a navigable waterway between Demopolis, Alabama and the Tennessee River, utilizing the channel of the Tombigbee River, would provide a new transportation route of great importance and […]
Section 33-17-3 – Authorization to Form Public Corporation.
Section 33-17-3 Authorization to form public corporation. The Governor, the Lieutenant Governor, the Speaker of the House of Representatives of the State Legislature, the Director of Finance, the Highway Director and the Director of the State Docks Department may become a public corporation, with the powers hereinafter provided, by proceeding according to the provisions of […]
Section 33-17-4 – Procedure for Incorporation.
Section 33-17-4 Procedure for incorporation. To become a corporation, the Governor, the Lieutenant Governor, the Speaker of the House of Representatives, the Director of Finance, the Highway Director and the Director of the State Docks Department shall present to the Secretary of State of Alabama an application signed by each of them which shall set […]
Section 33-17-5 – Certificate of Incorporation; No Fees to Be Paid to Secretary of State.
Section 33-17-5 Certificate of incorporation; no fees to be paid to Secretary of State. When the application has been made, filed and recorded, as herein provided, the applicants shall constitute a public corporation under the name submitted in the application, and the Secretary of State shall make and issue to the applicants a certificate of […]
Section 33-17-6 – Members, Officers and Directors; Records of Proceedings.
Section 33-17-6 Members, officers and directors; records of proceedings. The applicants named in the application and their respective successors in office shall constitute the members of the authority. The Governor shall be the president of the authority, the Lieutenant Governor shall be its vice-president, and the Director of Finance shall be its secretary. The State […]
Section 33-17-7 – Duties and Obligations Which May Be Undertaken.
Section 33-17-7 Duties and obligations which may be undertaken. The authority may undertake and discharge the duties and obligations set forth in this section as follows: (1) In connection with the waterway, the authority may do or cause to be done the following: a. Construct, maintain and operate all highway bridges necessitated by the waterway […]
Section 33-17-8 – Powers Enumerated.
Section 33-17-8 Powers enumerated. The authority shall have the following powers: (1) To have succession by its corporate name without time limit; (2) To bring civil actions and have civil actions brought against it and to prosecute and defend in any court having jurisdiction of the subject matter and of the parties; (3) To have […]