Alabama § 9-14F-5 Powers

Alabama Statutes

§ 9-14F-5 — Powers

Alabama·Title 9 Conservation and Natural Resources·Ch. 14F Alabama State Parks and Historical Facilities

The authority shall have the following powers:

(1)To have succession by its corporate name without time limit.

(2)To sue and be sued and to prosecute and defend, at law or in equity, in any court having jurisdiction of the subject matter and of the parties.

(3)To have and to use a corporate seal and to alter the same at its pleasure.

(4)To receive, take, and hold by sale, gift, lease, devise or otherwise, real and personal estate or property of every description, and to manage the same.

(5)To sell and issue the state bonds and refunding bonds as provided in this chapter.

(6)To appoint or employ attorneys, accountants, financial advisors, underwriters, trustees, depositories, registrars and other advisors, agents, and independent contractors as the business of the authority may requir

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The authority shall have the following powers:
(1) To have succession by its corporate name without time limit.
(2) To sue and be sued and to prosecute and defend, at law or in equity, in any court having jurisdiction of the subject matter and of the parties.
(3) To have and to use a corporate seal and to alter the same at its pleasure.
(4) To receive, take, and hold by sale, gift, lease, devise or otherwise, real and personal estate or property of every description, and to manage the same.
(5) To sell and issue the state bonds and refunding bonds as provided in this chapter.
(6) To appoint or employ attorneys, accountants, financial advisors, underwriters, trustees, depositories, registrars and other advisors, agents, and independent contractors as the business of the authority may require.

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