(a) The officers of an authority shall consist of a president, a vice president, a secretary, a treasurer, and other officers and assistant officers as the board deems necessary or desirable. The president and the vice president of the authority shall be a member of the board. The secretary, the treasurer, and any other officers of the authority need not be a director.
(b) The president and the vice president of the authority shall be elected by the board as provided in the bylaws of the authority, and the secretary, the treasurer, and the other officers of the authority shall be elected by or pursuant to the authorization of the board for such terms as it deems advisable.
(c) The duties of the president, vice president, secretary, and treasurer shall be those as are customarily performed by such officers in nonprofit corporations. The duties of any other officers of the authority shall be prescribed by the board or pursuant to its authorization.
Structure Code of Alabama
Chapter 17A - University Authority Act of 2016.
Section 16-17A-1 - Short Title.
Section 16-17A-2 - Definitions.
Section 16-17A-3 - Incorporation of Authority.
Section 16-17A-4 - Articles of Incorporation - Requirements.
Section 16-17A-5 - Articles of Incorporation - Amendments.
Section 16-17A-6 - Board of Directors.
Section 16-17A-8 - Powers of Authority.
Section 16-17A-9 - Eminent Domain.
Section 16-17A-10 - Indebtedness.
Section 16-17A-11 - Pledge of Revenues; Security Documents.
Section 16-17A-12 - Obligations of Authority.
Section 16-17A-13 - Investment in Indebtedness.
Section 16-17A-14 - Default in Payments.
Section 16-17A-15 - Exemptions From Taxation.
Section 16-17A-17 - Conveyance of Property, etc., to Authority; Pledge of Full Faith and Credit.
Section 16-17A-18 - Legislative Findings.
Section 16-17A-19 - Sovereign Immunity; Damage Limitation.
Section 16-17A-20 - Applicability of Other Laws.
Section 16-17A-21 - Reincorporation.
Section 16-17A-22 - Disposition of Excess Revenues.