Alabama Statutes
§ 23-1-318 — Dissolution
Alabama·Title 23 Highways, Roads, Bridges and Ferries·Ch. 1 Alabama Highways·Art. 10 Federal Aid Highway Finance Authority
At any time when no securities of any kind of the authority, whether issued under this article or under authorization contained in any other act, are outstanding, the authority may be dissolved upon the filing with the Secretary of State of an application for dissolution, which shall be subscribed by each of the members of the authority and which shall be sworn to by each such member before an officer authorized to take acknowledgments to deeds. Upon the filing of said application for dissolution, the authority shall cease and any property owned by it at the time of its dissolution shall pass to the State of Alabama. The Secretary of State shall file and record the application for dissolution in an appropriate book of record in his office and shall make and issue, under the Great Seal of t
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Legislative History
(Acts 1976, No. 565, p. 764, §19.)
Nearby Sections
15
§ 23-1-100
“Captive County” Defined§ 23-1-107
Effective Date§ 23-1-110
Purpose of Article§ 23-1-111
Designation§ 23-1-112
Maintenance and Repair - Responsibility§ 23-1-130
Establishment