Code of Alabama
Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.
Article 6 - Commercial Development Authorities.

Section 11-54-170 - Legislative Intent; Liberal Construction. - It is the intent of the Legislature by the passage...

Section 11-54-171 - Definitions. - The following words and phrases used in this article shall,...

Section 11-54-172 - Meaning of "Herein," etc.; Construction of Definitions. - The following provisions shall be applied wherever appropriate herein: (1)...

Section 11-54-173 - Filing of Application; Contents; Authorization or Denial of Incorporation by Governing Body of Authorizing Municipality. - (a) A public corporation may be organized pursuant to the...

Section 11-54-174 - Procedure to Incorporate; Contents and Execution of Certificate of Incorporation; Filing. - Within 40 days following the adoption of an authorizing resolution...

Section 11-54-175 - Amendments to Certificate of Incorporation; Filing of Application; Approval or Denial by Governing Body; Filing and Recordation. - The certificate of incorporation of any authority incorporated under the...

Section 11-54-176 - Board of Directors; Composition; Election; Terms; Vacancies; Qualifications; Expenses; Removal. - Each authority shall be governed by a board of directors....

Section 11-54-177 - Officers of the Authority. - The officers of an authority shall consist of a chairman,...

Section 11-54-178 - Powers of Authority; Location of Projects; Public Meetings. - (a) An authority shall have the following powers, together with...

Section 11-54-179 - Bonds of Authority Generally. - (a) Source of payment. All bonds issued by an authority...

Section 11-54-180 - Proceeds From Sale of Bonds. - All moneys derived from the sale of any bonds issued...

Section 11-54-181 - Refunding Bonds. - Any bonds issued by an authority may from time to...

Section 11-54-182 - Notice of Bond Resolution; Limitation on Proceedings Questioning or Attacking Bonds. - Upon the adoption by the board of any authority of...

Section 11-54-183 - Exemption From Certain Taxes and Fees. - The income of any authority, all bonds issued by an...

Section 11-54-184 - Nonliability of Authorizing Municipality. - The authorizing municipality shall not in any event be liable...

Section 11-54-185 - Exemption From Usury and Interest Laws. - Each authority shall be exempt from the laws of the...

Section 11-54-186 - Exemption From Competitive Bid Laws. - Any authority and all contracts made by it shall be...

Section 11-54-187 - Freedom of Authority From State Supervision and Control. - This article is intended to aid the state through the...

Section 11-54-188 - Earnings of an Authority. - An authority shall be a nonprofit corporation and no part...

Section 11-54-189 - Dissolution of Authority and Vesting of Title to Property in Authorizing Municipality. - At any time when an authority has no bonds or...

Section 11-54-190 - Incorporation of Another Authority by Same Municipality. - The existence of an authority incorporated under the provisions of...

Section 11-54-191 - Continued Existence of Authority Notwithstanding Reclassification of Municipalities. - Any authority created hereunder shall continue in existence and shall...

Section 11-54-192 - Provisions of Article Cumulative. - The provisions of this article are cumulative and shall not...