(a) Neither this division nor anything contained in this division shall be construed as a restriction or limitation upon any power, right, or remedy which any corporation now in existence or hereafter formed may have in the absence thereof, but shall be construed as cumulative and independent of any such power, right or remedy. No proceedings, notice, or approval shall be required for the incorporation of such corporation, the acquisition of any property, or the making of any loans or issuance of instruments in evidence thereof or as security therefor, except as prescribed in this division, any other law to the contrary notwithstanding; provided, however, that nothing in this division shall be construed to suspend the jurisdiction of the State Board of Health as may be otherwise provided by law.
(b) Any corporation organized under the provisions of this division shall be exempt from all jurisdiction of and regulation by the Alabama Public Service Commission.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 50 - Public Utilities.
Article 8 - Waterworks and Sewer Boards.
Division 1 - General Provisions.
Section 11-50-230 - Definitions.
Section 11-50-232 - Certificate of Incorporation - Contents; Amendment.
Section 11-50-233 - Certificate of Incorporation - Acknowledgment, Filing, and Recordation.
Section 11-50-234 - Board of Directors.
Section 11-50-234.1 - Meeting Expense Allowance for Board Members.
Section 11-50-236 - Execution, etc., of Contracts as Security for Repayment of Moneys Borrowed.