Alabama Code (Last Updated: November 28, 2014) |
Title11 COUNTIES AND MUNICIPAL CORPORATIONS. |
Title2 PROVISIONS APPLICABLE TO MUNICIPAL CORPORATIONS ONLY. |
Chapter54. PROMOTION OF INDUSTRY, TRADE, COMMERCE AND POLLUTION CONTROL. |
Article5. Acquisition, etc., of Projects for Promotion of Hotel Services and Other Businesses Generally in Certain Municipalities. |
§11-54-141. Legislative intent; liberal construction.
Latest version.
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It is the intent of the Legislature by the passage of this article to authorize municipalities to acquire, own, and lease projects for the purpose of promoting trade by inducing commercial enterprises to locate in this state. It is intended that each project be self-liquidating. It is not intended hereby to authorize any municipality itself to operate any commercial enterprise. This article shall be liberally construed in conformity with the said intent.