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Division 1 - General Provisions.
Section 11-54-80 - Definitions. - Wherever used in this division, unless a different meaning clearly...
Section 11-54-81 - Legislative Intent; Construction of Division Generally. - (a) It is the intent of the Legislature by the...
Section 11-54-82 - Application for Authority to Incorporate Industrial Development Board; Adoption of Resolution by Governing Body Authorizing Incorporation; Execution, Acknowledgment, and Filing of Certificate of Incorporation Generally. - Whenever any number of natural persons, not less than three,...
Section 11-54-83 - Certificate of Incorporation - Contents; Execution and Acknowledgment. - (a) The certificate of incorporation shall set forth: (1) The...
Section 11-54-84 - Certificate of Incorporation - Filing With Probate Judge; Examination, Approval, and Recordation by Probate Judge. - When executed and acknowledged in conformity with Section 11-54-83, the...
Section 11-54-85 - Certificate of Incorporation - Amendment. - The certificate of incorporation may at any time and from...
Section 11-54-86 - Board of Directors. - The industrial development board shall have a board of directors...
Section 11-54-87 - Powers of Boards Generally; Location and Operation of Projects of Boards Generally; Meetings of Board of Directors. - (a) The industrial development board shall have the following powers...
Section 11-54-88 - Additional Powers as to Pollution Control Facilities. - (a)(1) In addition to all other powers at any time...
Section 11-54-89 - Bonds - Form, Terms, Denominations, etc.; Execution, Sale, Delivery, Redemption, etc.; Refunding of Bonds. - All bonds issued by the industrial development board shall be...
Section 11-54-90 - Bonds - Security for Payment of Principal and Interest; Remedies Upon Default. - The principal of and interest on any bonds issued by...
Section 11-54-91 - Borrowing of Money for Temporary Use and Issuance of Temporary Revenue Bonds as Evidence Thereof. - (a) Any industrial development board organized under the provisions of...
Section 11-54-92 - Liability of Municipalities Upon Bonds, Agreements, Obligations, etc., of Boards. - The municipality shall not in any event be liable for...
Section 11-54-93 - Disposition of Net Earnings of Boards. - The industrial development board shall be a nonprofit corporation, and...
Section 11-54-94 - Authority and Procedure for Dissolution of Boards; Vesting of Title to Funds and Properties Thereof in Municipalities Upon Dissolution. - Whenever the board of directors of the industrial development board...
Section 11-54-95 - Documents of Boards May Be Filed for Record Without Payment of Taxes or Certain Fees. - The certificate of incorporation of the industrial development board, any...
Section 11-54-96 - Exemptions of Boards - Taxation. - The industrial development board and all properties at any time...
Section 11-54-96.1 - Ad Valorem Taxes Required of Hotels, etc., Built Under Section 11-54-80. - All hotels and motor inns built under Section 11-54-80 shall...
Section 11-54-97 - Exemption of Boards - Usury and Interest Laws. - Each industrial development board now or hereafter organized under the...
Section 11-54-98 - Exemption of Boards - Competitive Bid Laws. - The industrial development board and all contracts made by it...
Section 11-54-99 - Validation of Attempted Incorporation of Certain Industrial Development Boards. - In all cases where there has heretofore been an attempt...
Section 11-54-100 - Construction of Division. - (a) Neither this division nor anything contained in this division...
Section 11-54-101 - Powers Cumulative; Administrative Fees. - (a) The powers conferred by this division shall be cumulative...
Division 2 - Ancillary Facilities.
Section 11-54-120 - Definitions. - Wherever used in this division, unless a different meaning clearly...
Section 11-54-121 - Legislative Intent; Liberal Construction. - It is the intent of the Legislature by passage of...
Section 11-54-122 - Additional Powers of Industrial Development Boards; Powers With Respect to Ancillary Facilities. - In addition to all other powers at any time conferred...
Section 11-54-123 - Powers Cumulative. - The powers conferred by this division shall be cumulative of...
Division 3 - Endowment Trust Funds.
Section 11-54-125 - Definitions. - As used in this division, the following terms shall have...
Section 11-54-126 - Legislative Findings and Intent. - (a) The Legislature hereby finds and declares all of the...
Section 11-54-127 - Additional Powers of Boards. - (a) In addition to all other powers conferred on it...
Section 11-54-128 - Authorizing Resolution. - (a) In order to provide for the establishment of an...
Section 11-54-129 - Use of Assets. - (a) Subject to succeeding provisions hereof with respect to the...
Section 11-54-130 - Investment Committee. - (a) There shall be, with respect to an endowment trust...
Section 11-54-131 - Investment of Moneys; Duties of Fund Manager. - (a) Moneys held in and forming a part of an...
Section 11-54-132 - Trust Agreement. - Each trust agreement shall obligate each trustee bank that is...
Section 11-54-133 - Termination or Dissolution of Fund. - Upon the termination or dissolution of an endowment trust fund,...
Section 11-54-134 - Liability. - No member of an investment committee shall in any way...
Section 11-54-135 - Powers Cumulative. - The powers conferred by this division shall be cumulative of...