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.Ala. Code § 9-14F-5 (1975)
Added by Act 2021-409,§ 5, eff. contingent upon the ratification of the constitutional amendment proposed in HB565 of the 2021 Regular Session (HB 565 was ratified on May 24, 2022.).