Section 45-41A-40.05 – Amendments to Certificate of Incorporation.
Section 45-41A-40.05 Amendments to certificate of incorporation. (a) The certificate of incorporation of the authority incorporated under this part may at any time and from time to time be amended in the manner provided in this section. The board shall first adopt a resolution proposing an amendment to the certificate of incorporation which shall be […]
Section 45-41A-40.21 – Power of Eminent Domain.
Section 45-41A-40.21 Power of eminent domain. The authority is hereby granted the power of eminent domain and may exercise such power for the purpose of obtaining real property or any interest therein for any project it undertakes in the manner provided by law for the exercise of the power of eminent domain by municipalities. (Act […]
Section 45-41A-41.13 – Civil Action Against Person Operating Vehicle.
Section 45-41A-41.13 Civil action against person operating vehicle. Any person against whom an adjudication of liability for a civil violation is made under this part, or the ordinance passed pursuant hereto, and who actually pays the civil fine imposed thereby shall have a cause of action against any person who may be shown to have […]
Section 45-41A-40.06 – Board of Directors.
Section 45-41A-40.06 Board of directors. 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 hereinafter provided. […]
Section 45-41A-40.22 – Loans, Sales, Grants, etc., of Money, Property, etc., to the Authority by Counties, Municipalities, Etc.
Section 45-41A-40.22 Loans, sales, grants, etc., of money, property, etc., to the authority by counties, municipalities, etc. For the purpose of effecting the revitalization and redevelopment of the central business district of the city, any county, municipality, or other political subdivision, public corporation, agency, or instrumentality of this state, upon such terms and with or […]
Section 45-41A-42 – Police Jurisdiction in Counties in Which Lie Opelika Corporate Limits.
Section 45-41A-42 Police jurisdiction in counties in which lie Opelika corporate limits. (a) The City of Opelika shall not exercise police jurisdiction in any county unless a part of its corporate limits also lies in the county. The City of Opelika shall not exercise taxing powers nor shall it enforce any ordinance, subdivision regulation, or […]
Section 45-41A-10.15 – Exemption From Usury and Interest Laws.
Section 45-41A-10.15 Exemption from usury and interest laws. The authority shall be exempt from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, but without limitation to, Chapter 8 of Title 8 as it may at any time be amended. (Act 85-185, p. 40, §16.)
Section 45-41A-10.16 – Exemption From Competitive Bid Laws.
Section 45-41A-10.16 Exemption from competitive bid laws. The authority and all contracts made by it shall be exempt from the laws of the State of Alabama requiring competitive bids for any contract to be entered into by municipalities or public corporations authorized by them, including, but without limitation to, Article 3, commencing with Section 41-16-50, […]
Section 45-41A-10.17 – Freedom of the Authority From State Supervision and Control.
Section 45-41A-10.17 Freedom of the authority from state supervision and control. This part is intended to aid the state through the furtherance of the purposes of the part by providing an appropriate and independent instrumentality of the state with full and adequate powers to fulfill its functions. Except as expressly provided in this part, no […]
Section 45-41A-10.18 – Earnings of the Authority.
Section 45-41A-10.18 Earnings of the authority. The authority shall be a nonprofit corporation 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 a board shall determine that sufficient provision has been made for the full […]