SB218 Alabama 2018 Session

Sponsors

Session

Regular Session 2018

Title

Railroad authorities, add board members and amend certificate of incorporation, authorized, Secs. 37-13-1, 37-13-4, 37-13-5, 37-13-7 am'd.

Description

<p class="bill_description"> Under existing law, a railroad authority may be created by filing a certificate of incorporation, approved by the governing bodies of those counties and municipalities where railroad properties are located at the time of incorporation, with the probate judge in the county in which the principal office of the authority is to be located. Existing law further provides for membership of the board of directors of a railroad authority to consist of individuals elected from the governing bodies where railroad properties are located at the time of incorporation</p><p class="bill_description"> This bill would authorize an existing railroad authority to amend its certificate of incorporation by the board of directors of the authority without the consent of any governing body of a county or municipality</p><p class="bill_description"> This bill would also authorize a county commission of a county where a railroad authority owns, leases, or controls railroad property, but did not own, lease, or control railroad property at the time of incorporation, to elect two additional members to serve on the board of directors of the railroad authority</p><p class="bill_entitled_an_act"> Relating to railroad authorities; to amend Sections 37-13-1, 37-13-4, 37-13-5, and 37-13-7, Code of Alabama 1975; to authorize an existing railroad authority to amend its certificate of incorporation without the consent of any governing body of a county or municipality; and to authorize a county commission of a county where a railroad authority owns, leases, or controls railroad property, but did not own, lease, or control railroad property at the time of incorporation, to elect two additional members to serve on the board of directors of the railroad authority. </p>

Subjects

Railroads