Code of Alabama
Title 1 - Provisions Applicable to Counties Only.
Chapter 15 - Public Building Authorities.

Section 11-15-1 - Definitions. - The following words and phrases, including the plural of any...

Section 11-15-2 - Legislative Intent; Construction of Chapter. - It is the intention of the Legislature by the passage...

Section 11-15-3 - Authority and Procedure for Incorporation. - Whenever any number of natural persons, not less than three,...

Section 11-15-4 - Certificate of Incorporation - Contents; Approval. - The certificate of incorporation of the corporation shall state: (1)...

Section 11-15-5 - Certificate of Incorporation - Recordation. - The certificate of incorporation with the documents attached shall be...

Section 11-15-6 - Directors and Officers; Records of Proceedings. - The corporation shall have a board of directors which shall...

Section 11-15-7 - Powers Generally. - The corporation shall have the following powers, together with all...

Section 11-15-8 - Leasing of Projects to Counties. - The corporation and the county are hereby respectively authorized to...

Section 11-15-9 - Warrants - Authority for Issuance; Form, Terms, Denominations, Redemption, etc.; Sale. - The corporation is authorized to issue its interest-bearing revenue warrants...

Section 11-15-10 - Warrants - Notice of Warrant Resolution; Actions to Question Proceedings for Issuance; Invalidate Warrants, Etc. - Upon the adoption by the board of any resolution providing...

Section 11-15-11 - Warrants - Execution and Delivery. - All warrants shall be signed by the president or vice-president...

Section 11-15-12 - Warrants - Security for Payment of Principal and Interest. - The principal of and interest on the warrants shall be...

Section 11-15-13 - Warrants - Disposition of Proceeds From Sale. - The proceeds derived from the sale of any warrants (other...

Section 11-15-14 - Refunding Warrants. - All or any warrants issued by the corporation may from...

Section 11-15-15 - Investment of County Funds in Warrants. - The governing body is authorized in its discretion to invest...

Section 11-15-16 - Conveyance of Property to Corporation by County. - The county is hereby authorized to convey to the corporation,...

Section 11-15-17 - Projects, Income From Leases, Warrants, etc., Exempt From Taxation. - Each project and the income from all leases made with...

Section 11-15-18 - Dissolution. - At any time when the corporation does not have any...

Section 11-15-19 - Construction of Chapter. - This chapter shall not be construed as a restriction or...