Code of Alabama
Division 1 - General Provisions.
Section 11-54-83 - Certificate of Incorporation - Contents; Execution and Acknowledgment.

(a) The certificate of incorporation 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 municipality;
(2) The name of the board which shall be The Industrial Development Board of the _____ of _____ (the blank spaces to be filled in with the name of the municipality, including the proper designation thereof as a city or town) if such name shall be available for use by the board and if not available then the incorporators shall designate some other similar name that is available;
(3) A recital that permission to organize the board had been granted by resolution duly adopted by the governing body of the municipality and the date of the adoption of such resolution;
(4) The location of the principal office of the board (which shall be in the municipality);
(5) The purposes for which the board is proposed to be organized;
(6) The number of directors of the board;
(7) The period, if any, for the duration of the board; and
(8) Any other matter which the applicants may choose to insert therein which shall not be inconsistent with this division 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

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 4 - Industrial Development Boards.

Division 1 - General Provisions.

Section 11-54-80 - Definitions.

Section 11-54-81 - Legislative Intent; Construction of Division Generally.

Section 11-54-82 - Application for Authority to Incorporate Industrial Development Board; Adoption of Resolution by Governing Body Authorizing Incorporation; Execution, Acknowledgment, and Filing of Certificate of Incorporation Generally.

Section 11-54-83 - Certificate of Incorporation - Contents; Execution and Acknowledgment.

Section 11-54-84 - Certificate of Incorporation - Filing With Probate Judge; Examination, Approval, and Recordation by Probate Judge.

Section 11-54-85 - Certificate of Incorporation - Amendment.

Section 11-54-86 - Board of Directors.

Section 11-54-87 - Powers of Boards Generally; Location and Operation of Projects of Boards Generally; Meetings of Board of Directors.

Section 11-54-88 - Additional Powers as to Pollution Control Facilities.

Section 11-54-89 - Bonds - Form, Terms, Denominations, etc.; Execution, Sale, Delivery, Redemption, etc.; Refunding of Bonds.

Section 11-54-90 - Bonds - Security for Payment of Principal and Interest; Remedies Upon Default.

Section 11-54-91 - Borrowing of Money for Temporary Use and Issuance of Temporary Revenue Bonds as Evidence Thereof.

Section 11-54-92 - Liability of Municipalities Upon Bonds, Agreements, Obligations, etc., of Boards.

Section 11-54-93 - Disposition of Net Earnings of Boards.

Section 11-54-94 - Authority and Procedure for Dissolution of Boards; Vesting of Title to Funds and Properties Thereof in Municipalities Upon Dissolution.

Section 11-54-95 - Documents of Boards May Be Filed for Record Without Payment of Taxes or Certain Fees.

Section 11-54-96 - Exemptions of Boards - Taxation.

Section 11-54-96.1 - Ad Valorem Taxes Required of Hotels, etc., Built Under Section 11-54-80.

Section 11-54-97 - Exemption of Boards - Usury and Interest Laws.

Section 11-54-98 - Exemption of Boards - Competitive Bid Laws.

Section 11-54-99 - Validation of Attempted Incorporation of Certain Industrial Development Boards.

Section 11-54-100 - Construction of Division.

Section 11-54-101 - Powers Cumulative; Administrative Fees.