(a) It is the intent of the Legislature by the passage of this article to authorize the incorporation in the several counties in this state of public corporations to acquire, enlarge, improve, replace, own, lease and dispose of properties to the end that such corporations may be able to promote industry, develop trade and further the use of the agricultural products and natural and human resources of this state and the development and preservation of the said resources. It is the further intent of the Legislature by the passage of this article to vest such public corporations with all powers that may be necessary to enable them to accomplish such purposes. It is not intended hereby that any such corporation shall itself be authorized to operate any manufacturing, industrial, commercial or research enterprise.
(b) This article shall be liberally construed in conformity with the said intention.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 20 - Promotion of Industry and Trade.
Article 2 - Industrial Development Boards.
Section 11-20-30 - Definitions.
Section 11-20-31 - Legislative Intent; Construction of Article Generally.
Section 11-20-33 - Certificate of Incorporation - Contents; Execution and Acknowledgment.
Section 11-20-35 - Certificate of Incorporation - Amendment.
Section 11-20-36 - Board of Directors.
Section 11-20-37 - Powers Generally; Location and Operation of Projects.
Section 11-20-39 - Bonds - Security for Payment of Principal and Interest; Remedies Upon Default.
Section 11-20-42 - Liability of County Upon Bonds, Obligations, Agreements, etc., of Corporations.
Section 11-20-43 - Disposition of Net Earnings.
Section 11-20-47 - Exemptions of Corporations - Taxation.
Section 11-20-48 - Exemptions of Corporations - Usury and Interest Laws.
Section 11-20-49 - Exemptions of Corporations - Competitive Bid Laws.