Such corporation shall have all the rights, privileges and franchises necessary to the promotion of the ends of its creation and shall be charged with all corresponding duties, liabilities and responsibilities. Such corporation may hold and may lease, sell or in any other manner not inconsistent with the object or terms of the grant or grants under which it holds dispose of any property, real or personal, or any estate or interest therein, remaining of any grant by any governmental unit or by any person, or accruing to the corporation from any source, as it may deem best for the purposes of the university.
Structure Code of Alabama
Chapter 50 - Alabama State University.
Article 2 - Board of Trustees.
Section 16-50-20 - Creation; Composition; Nominating Committee; Training Sessions.
Section 16-50-21 - Body Corporate; Name.
Section 16-50-22 - Powers and Duties Generally.
Section 16-50-23 - President of University; Authority of Board of Trustees.
Section 16-50-24 - Exclusive Jurisdiction, Power, Etc.
Section 16-50-25 - Vacancies in Office.
Section 16-50-28 - Certificate for Payment of Expenses.