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Section 11-60-1 - Definitions. - Whenever used in this chapter, unless a different meaning clearly...
Section 11-60-2 - Legislative Intent; Construction of Chapter Generally. - (a) It is the intention of the Legislature by the...
Section 11-60-3 - Application for Authority to Form Corporation; Adoption of Resolution by Governing Body Authorizing Incorporation; Execution, Acknowledgment, and Filing of Certificate of Incorporation Generally; Effect of Granting of Authority for... - (a) Whenever any number of natural persons, not less than...
Section 11-60-4 - Certificate of Incorporation - Contents; Execution and Acknowledgment. - (a) The certificate of incorporation of any corporation organized under...
Section 11-60-5 - Certificate of Incorporation - Filing With Probate Judge; Examination, Approval, and Recordation by Probate Judge. - When executed and acknowledged in conformity with Section 11-60-4, the...
Section 11-60-6 - Certificate of Incorporation - Amendment. - If any corporation formed under this chapter has accidentally or...
Section 11-60-7 - Board of Directors. - The corporation shall have a board of directors in which...
Section 11-60-8 - Powers of Corporations Generally; Location of Projects of Corporations. - (a) The corporation shall have the following powers together with...
Section 11-60-9 - Bonds - Form, Terms, Denominations, etc.; Execution, Sale, Delivery, Redemption, etc.; Refunding of Bonds. - All bonds issued by the corporation shall be payable solely...
Section 11-60-10 - Bonds - Notice of Resolution Authorizing Issuance of Bonds; Limitation Period for Actions, etc., as to Validity of Proceedings for Issuance of Bonds, Etc. - (a) Upon the adoption by the board of directors of...
Section 11-60-11 - Bonds - Security for Payment of Principal or Interest; Remedies Upon Default. - The principal of and interest on any bonds issued by...
Section 11-60-12 - Borrowing of Money for Temporary Use and Issuance of Temporary Revenue Bonds as Evidence Thereof. - (a) The corporation may, in addition to the other powers...
Section 11-60-13 - Liability of Municipalities Upon Bonds, Agreements, Obligations, etc., of Corporations. - The municipality shall not in any event be liable for...
Section 11-60-14 - Disposition of Net Earnings of Corporations. - The corporation shall be a nonprofit corporation, and no part...
Section 11-60-15 - Authority and Procedure for Dissolution of Corporations; Vesting of Title to Funds and Properties Thereof in Municipalities Upon Dissolution. - Whenever the board of directors of the corporation shall by...
Section 11-60-16 - Documents of Corporations May Be Filed for Record Without Payment of Taxes or Certain Fees. - The certificate of incorporation of the corporation or any amendment...
Section 11-60-17 - Exemptions of Corporations - Taxation. - The corporation, the property and income of the corporation, all...
Section 11-60-18 - Exemptions of Corporations - Usury and Interest Laws. - Each corporation organized pursuant to the provisions of this chapter...
Section 11-60-19 - Exemptions of Corporations - Competitive Bid Laws. - Each corporation organized pursuant to the provisions of this chapter...
Section 11-60-20 - Powers Conferred on Corporation Cumulative; Further Proceedings, etc., as to Incorporation and Issuance of Bonds Not Required; Police Powers of State and Governmental Subdivisions Not Impaired. - Neither this chapter nor anything contained in this chapter shall...