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Section 11-86A-1 - Definitions. - When used in this chapter, the following terms shall have...
Section 11-86A-2 - Legislative Findings of Fact and Declaration of Intent; Construction of Chapter. - (a) The Legislature hereby makes the following findings of fact...
Section 11-86A-3 - Authorization and Procedure for Incorporation Generally. - Any number of natural persons, not less than three, residing...
Section 11-86A-4 - Filing of Application for Incorporation With Probate Judge; Contents Thereof; Recordation of Application by Probate Judge; Approval or Disapproval by Governing Body of County of Incorporation and Each Participating Municipality. - (a) The written application of the incorporators shall be filed...
Section 11-86A-5 - Contents, Signing, and Filing of Articles. - (a) The articles of an authority shall state all of...
Section 11-86A-6 - Authorization and Procedure for Reincorporation of Existing Park and Recreation Authorities and Boards; Continuation in Office of Directors; Effect of Reincorporation. - (a) In all cases where there has been an attempt...
Section 11-86A-7 - Further Authorization and Procedure for Reincorporation of Existing Park and Recreation Authorities and Boards. - A park and recreation authority or park and recreation board...
Section 11-86A-8 - Recordation of Articles by Probate Judge; Probate Judge to Receive No Fees in Connection With Incorporation, Reincorporation, Dissolution, etc., of Authority. - (a) The articles shall be filed with the probate judge....
Section 11-86A-9 - Powers of Authority Vested in Board of Directors; Officers and Directors of Authority; Proceedings of Board of Directors to Be Reduced to Writing and Signed by Two Directors; Admissibility of Evidence of Proceedings of Board of Dir... - (a) All powers of an authority shall be vested in...
Section 11-86A-10 - Members of the Board of Directors; Terms; Meetings; Removal From Office. - (a) Except as provided in Section 11-86A-6, the board of...
Section 11-86A-11 - Amendment of Articles. - (a) The articles of an authority may be amended in...
Section 11-86A-12 - Powers of Authority Generally. - An authority shall have the following powers: (1) To have...
Section 11-86A-13 - Issuance and Sale of Bonds. - An authority may sell at public or private sale and...
Section 11-86A-14 - Execution of Bonds and Interest Coupons; Form, Terms, Denominations, etc., of Bonds; Validation of Bonds; Sale; Refunding Bonds. - (a) Bonds of an authority shall be signed by the...
Section 11-86A-15 - Security for Bonds. - (a) In the discretion of the board of directors of...
Section 11-86A-16 - Application of Proceeds From the Sale of Bonds; Source of Payment; Pledge of County's or Municipality's Credit; Negotiability; Exemption From Taxation; Pledge as Security for Funds Belonging to a Public Person; Investment in Bonds... - (a) The proceeds from the sale of any bonds shall...
Section 11-86A-17 - Exemption From Usury and Interest Laws. - An authority shall be exempt from all laws of the...
Section 11-86A-18 - Exemptions From Taxation. - All properties of an authority, whether real, personal, or mixed,...
Section 11-86A-19 - Limited Liability. - The recovery of damages under any judgment against an authority...
Section 11-86A-20 - Transfer of Funds and Assets to Authority. - Any public person may transfer and convey to an authority,...
Section 11-86A-21 - Dissolution of Authority; Title to Property of Authority to Vest in County of Incorporation Upon Dissolution of Authority Unless Otherwise Provided. - (a) At any time when no bonds of an authority...