(a) The certificate of incorporation of any corporation organized under this article shall set forth:
(1) The names and residences of the applicants together with a recital that each of them is an elector of and taxpayer in the county;
(2) The name of the corporation, which shall be The Industrial Development Board of _____ County (the blank space to be filled in with the name of the county) if such name shall be available for use by the corporation and if not available, then the incorporators shall designate some other similar name that is available;
(3) A recital that permission to organize the corporation has been granted by a resolution duly adopted by the governing body of the county and the date of the adoption of such resolution;
(4) The location of the principal office of the corporation (which shall be in the county);
(5) The purposes for which the corporation is proposed to be organized;
(6) The number of directors of the corporation (which shall be not less than three);
(7) The period, if any, for the duration of the corporation (if the duration is perpetual, the fact should be stated); and
(8) Any other matter which the applicants may choose to insert therein which shall not be inconsistent with this article or with the laws of the state of Alabama.
(b) The certificate of incorporation shall be subscribed and acknowledged by each of the applicants before an officer authorized by the laws of Alabama to take acknowledgments to deeds.
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.