Alabama § 14-2-8 Powers - Generally

Alabama Statutes

§ 14-2-8 — Powers - Generally

Alabama § 14-2-8

Title 14Criminal Correctional and Detention Facilities

Ch. 2Alabama Corrections Institution Finance Authority

This text of Alabama § 14-2-8 (Powers - Generally) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 14-2-8 (2026).

Text

The authority shall have the following powers among others specified in this chapter:

(1)To have succession in its corporate name until the principal of and interest on all bonds issued by it shall have been fully paid and until it shall have been dissolved as provided in this chapter;

(2)To maintain actions and have actions maintained against it and to prosecute and defend in any court having jurisdiction of the subject matter and of the parties thereof;

(3)To have and to use a corporate seal and to alter such seal at pleasure;

(4)To establish a fiscal year;

(5)To acquire and hold title to real and personal property and to sell, convey, mortgage, or lease the same as provided in this chapter;

(6)To provide for the acquisition, construction, reconstruction, alteration, and improvemen

Free access — add to your briefcase to read the full text and ask questions with AI

The authority shall have the following powers among others specified in this chapter:
(1) To have succession in its corporate name until the principal of and interest on all bonds issued by it shall have been fully paid and until it shall have been dissolved as provided in this chapter;
(2) To maintain actions and have actions maintained against it and to prosecute and defend in any court having jurisdiction of the subject matter and of the parties thereof;
(3) To have and to use a corporate seal and to alter such seal at pleasure;
(4) To establish a fiscal year;
(5) To acquire and hold title to real and personal property and to sell, convey, mortgage, or lease the same as provided in this chapter;
(6) To provide for the acquisition, construction, reconstruction, alteration, and improvement of facilities and for the procurement of sites and equipment for such facilities and for the lease thereof;
(7) To lease facilities to the state, the department, and any other agency or instrumentality of the state;
(8) To anticipate by the issuance of its bonds as limited in this chapter the receipt of the rent and revenues from such facilities; and from the net rent and sale proceeds of the Kilby property;
(9) As security for the payment of the principal of and interest on its bonds, to enter into any lawful covenant, to grant mortgages upon and security interests in its facilities and to pledge the rents and revenues from such facilities; and from the net rent and sale proceeds of the Kilby property;
(10) To invest as provided in this chapter the proceeds from the sale of its bonds pending need therefor; and
(11) To appoint and employ such attorneys, agents, and employees as the business of the authority may require, subject to the Merit System where applicable.