Section 34-3-100 Legislative findings and intent. The Legislature hereby finds and declares that it is necessary and desirable, in the best interests of the state, that the Alabama State Bar have a building or buildings with space available for its administrative offices, for its Board of Commissioners, for the Board of Examiners on Admission to […]
Section 34-3-101 Application for incorporation. The president, the first vice-president, and the secretary of the Alabama State Bar may become a corporation by presenting to the Secretary of the State of Alabama an application signed by them setting forth: (1) The name and official designation of each of the applicants; (2) The dates of beginning […]
Section 34-3-102 Certificate of incorporation. When the application has been made, filed, and recorded as herein provided, the applicants shall constitute a corporation under the name proposed in the application, and the Secretary of State shall make and issue to the applicants a certificate of incorporation, under the Great Seal of the State, and shall […]
Section 34-3-103 Board of trustees and officers. The foundation shall be governed by a board of trustees consisting of the president, the first vice-president, and the members of the Board of Commissioners of the Alabama State Bar, each of whom shall be a voting member of such board of trustees and shall hold office as […]
Section 34-3-104 Powers of foundation. The foundation shall have the following powers: (1) To have succession by its corporate name in perpetuity; (2) To sue and be sued and to prosecute and defend in any court having jurisdiction of the subject matter and of the parties thereto; (3) To adopt and use a corporate seal […]
Section 34-3-105 Exemptions from taxation. All properties of the foundation, the income therefrom, and all other income of the foundation shall forever be exempt from any form of taxation in the State of Alabama. All deeds, lease agreements, and other recordable documents to which the foundation is a party shall be exempt from the payment […]
Section 34-3-106 Parcel of land to be conveyed by state to foundation. As promptly as practicable after the incorporation of the foundation, the Governor shall execute and deliver to the foundation an appropriate deed conveying to the foundation that certain lot or parcel of land owned by the state and situated adjacent to the Judicial […]
Section 34-3-107 Disbursement of appropriations to State Bar for construction of buildings. To enable the foundation to construct a building or buildings suitable for the uses described in Section 34-3-100, the Board of Commissioners of the Alabama State Bar is authorized to disburse and pay to the foundation all or any part of the moneys […]
Section 34-3-108 Nonprofit and public nature of foundation. It is the intention of this article that the foundation be a nonprofit public corporation. No part of the net earnings of the foundation shall inure to the benefit of any private individual, firm, or corporation. (Acts 1961, No. 670, p. 917, §9.)
