The following words and phrases, wherever used in this article, shall have the respective meanings ascribed to them in this section:
(1) MUNICIPALITY. An incorporated city or town in the State of Alabama.
(2) INDUSTRIAL PARK. Land:
a. Determined by the governing body of a municipality to be suitable for use by two or more industrial enterprises for industrial purposes, and
b. Acquired or proposed to be acquired by a municipality and held by it for the purpose of selling it to one or more persons for use for industrial purposes.
(3) PERSON. Any individual, firm, partnership, or corporation, including both public and private corporations, and any other entity, either public or private, that has the power to acquire title to land.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.
Article 1 - Acquisition and Development of Lands for Industrial Parks.
Section 11-54-1 - Definitions.
Section 11-54-3 - Authorization and Procedure for Sale of Lands Comprising Industrial Parks.
Section 11-54-4 - Binding Option Agreements for Sale of Industrial Park Authorized.