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. |
Article 1. Acquisition and Development of Lands for Industrial Parks. |
§ 11-54-1. Definitions. |
§ 11-54-2. Authorized. |
§ 11-54-3. Authorization and procedure for sale of lands comprising industrial parks. |
§ 11-54-4. Binding option agreements for sale of industrial park authorized. |
Article 2. Acquisiton, etc., of Projects for Promotion of Industry, Trade, and Pollution Control Generally. |
§ 11-54-20. Definitions. |
§ 11-54-21. Legislative intent; construction of article generally. |
§ 11-54-22. Powers of municipalities generally as to acquisition, leasing, etc., of projects for industry, trade, and pollution control. |
§ 11-54-23. Requirements as to leasing of projects. |
§ 11-54-24. Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption, etc. |
§ 11-54-25. Bonds - Security for payment of principal and interest; remedies upon default. |
§ 11-54-26. Bonds - Disposition of proceeds from sale. |
§ 11-54-27. Refunding bonds. |
§ 11-54-28. Notice to, consent or approval of governmental body, etc., not to be required for issuance or sale of bonds or execution of mortgages. |
§ 11-54-29. Investment in bonds by savings banks and insurance companies. |
§ 11-54-30. Municipalities not to contribute to costs of acquisition of projects or use municipal lands for projects. |
§ 11-54-31. Exemption from taxation of projects, bonds, etc. |
§ 11-54-32. Construction of article. |
Article 3. Acquisition, etc., of Projects for Provision of Buildings and Other Facilities for Certain National Organizations. |
§ 11-54-50. Definitions. |
§ 11-54-51. Legislative intent; construction of article generally. |
§ 11-54-52. Powers of municipalities generally as to acquisition, leasing, etc., of projects for provision of buildings and other facilities for certain national organizations. |
§ 11-54-53. Requirements as to leasing of projects. |
§ 11-54-54. Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption, etc. |
§ 11-54-55. Bonds - Security for payment of principal and interest. |
§ 11-54-56. Bonds - Disposition of proceeds from sale. |
§ 11-54-57. Refunding bonds. |
§ 11-54-58. Notice to, consent or approval of governmental body, etc., not to be required for issuance or sale of bonds or execution of mortgages. |
§ 11-54-59. Investment in bonds by savings banks and insurance companies. |
§ 11-54-60. Municipalities not to contribute to costs of acquisition of projects or use municipal lands for projects. |
§ 11-54-61. Exemption from taxation of projects, bonds, etc. |
§ 11-54-62. Construction of article. |
Article 4. Industrial Development Boards. |
Division 1. General Provisions. |
§ 11-54-80. Definitions. |
§ 11-54-81. Legislative intent; construction of division generally. |
§ 11-54-83. Certificate of incorporation - Contents; execution and acknowledgment. |
§ 11-54-84. Certificate of incorporation - Filing with probate judge; examination, approval, and recordation by probate judge. |
§ 11-54-85. Certificate of incorporation - Amendment. |
§ 11-54-86. Board of directors. |
§ 11-54-87. Powers of boards generally; location and operation of projects of boards generally; meetings of board of directors. |
§ 11-54-88. Additional powers as to pollution control facilities. |
§ 11-54-89. Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption, etc.; refunding of bonds. |
§ 11-54-90. Bonds - Security for payment of principal and interest; remedies upon default. |
§ 11-54-91. Borrowing of money for temporary use and issuance of temporary revenue bonds as evidence thereof. |
§ 11-54-92. Liability of municipalities upon bonds, agreements, obligations, etc., of boards. |
§ 11-54-93. Disposition of net earnings of boards. |
§ 11-54-94. Authority and procedure for dissolution of boards; vesting of title to funds and properties thereof in municipalities upon dissolution. |
§ 11-54-95. Documents of boards may be filed for record without payment of taxes or certain fees. |
§ 11-54-96. Exemptions of boards - Taxation. |
§ 11-54-96.1. Ad valorem taxes required of hotels, etc., built under Section 11-54-80. |
§ 11-54-97. Exemption of boards - Usury and interest laws. |
§ 11-54-98. Exemption of boards - Competitive bid laws. |
§ 11-54-99. Validation of attempted incorporation of certain industrial development boards. |
§ 11-54-100. Construction of division. |
§ 11-54-101. Powers cumulative. |
Division 2. Ancillary Facilities. |
§ 11-54-120. Definitions. |
§ 11-54-121. Legislative intent; liberal construction. |
§ 11-54-122. Additional powers of industrial development boards; powers with respect to ancillary facilities. |
§ 11-54-123. Powers cumulative. |
Division 3. Endowment Trust Funds. |
§ 11-54-125. Definitions. |
§ 11-54-126. Legislative findings and intent. |
§ 11-54-127. Additional powers of boards. |
§ 11-54-128. Authorizing resolution. |
§ 11-54-129. Use of assets. |
§ 11-54-130. Investment committee. |
§ 11-54-131. Investment of moneys; duties of fund manager. |
§ 11-54-132. Trust agreement. |
§ 11-54-133. Termination or dissolution of fund. |
§ 11-54-134. Liability. |
§ 11-54-135. Powers cumulative. |
Article 5. Acquisition, etc., of Projects for Promotion of Hotel Services and Other Businesses Generally in Certain Municipalities. |
§ 11-54-140. Definitions. |
§ 11-54-141. Legislative intent; liberal construction. |
§ 11-54-142. Additional powers conferred on municipalities. |
§ 11-54-143. Bonds issued to finance projects. |
§ 11-54-144. Security for bonds. |
§ 11-54-145. Requirements respecting leases. |
§ 11-54-146. Refunding bonds. |
§ 11-54-147. Use of proceeds from sale of bonds; cost of acquiring project. |
§ 11-54-148. No contribution by municipality. |
§ 11-54-149. Bonds made legal investments. |
§ 11-54-150. Exemption from taxation. |
§ 11-54-151. Construction of article. |
§ 11-54-152. No notice or publication required. |
§ 11-54-153. Exemption from requirements of Sections 41-16-50 through 41-16-63. |
Article 6. Commercial Development Authorities. |
§ 11-54-170. Legislative intent; liberal construction. |
§ 11-54-171. Definitions. |
§ 11-54-172. Meaning of "herein," etc.; construction of definitions. |
§ 11-54-173. Filing of application; contents; authorization or denial of incorporation by governing body of authorizing municipality. |
§ 11-54-174. Procedure to incorporate; contents and execution of certificate of incorporation; filing. |
§ 11-54-175. Amendments to certificate of incorporation; filing of application; approval or denial by governing body; filing and recordation. |
§ 11-54-176. Board of directors; composition; election; terms; vacancies; qualifications; expenses; removal. |
§ 11-54-177. Officers of the authority. |
§ 11-54-178. Powers of authority; location of projects; public meetings. |
§ 11-54-179. Bonds of authority generally. |
§ 11-54-180. Proceeds from sale of bonds. |
§ 11-54-181. Refunding bonds. |
§ 11-54-182. Notice of bond resolution; limitation on proceedings questioning or attacking bonds. |
§ 11-54-183. Exemption from certain taxes and fees. |
§ 11-54-184. Nonliability of authorizing municipality. |
§ 11-54-185. Exemption from usury and interest laws. |
§ 11-54-186. Exemption from competitive bid laws. |
§ 11-54-187. Freedom of authority from state supervision and control. |
§ 11-54-188. Earnings of an authority. |
§ 11-54-189. Dissolution of authority and vesting of title to property in authorizing municipality. |
§ 11-54-190. Incorporation of another authority by same municipality. |
§ 11-54-191. Continued existence of authority notwithstanding reclassification of municipalities. |
§ 11-54-192. Provisions of article cumulative. |
Article 7. Donation of Property to United States for Defense Purposes. |
§ 11-54-210. Legislative findings and declarations. |