The certificate of incorporation of the industrial development board, any deeds or other documents whereby properties are conveyed to the board, any mortgages or deeds of trust executed by the board, any leases or agreements or contracts of sale made by the board, any deeds or other documents whereby properties are conveyed by the board to another pursuant to a contractual obligation of the board or as a result of the exercise of an option theretofore granted by the board, and the certificate of dissolution of the board may all be filed for record in the office of the judge of probate of the county in which the board is organized or any county in which any property involved is located without the payment of any tax or fees other than such fees as may be authorized by law for the recording of such instruments.
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 4 - Industrial Development Boards.
Division 1 - General Provisions.
Section 11-54-80 - Definitions.
Section 11-54-81 - Legislative Intent; Construction of Division Generally.
Section 11-54-83 - Certificate of Incorporation - Contents; Execution and Acknowledgment.
Section 11-54-85 - Certificate of Incorporation - Amendment.
Section 11-54-86 - Board of Directors.
Section 11-54-88 - Additional Powers as to Pollution Control Facilities.
Section 11-54-90 - Bonds - Security for Payment of Principal and Interest; Remedies Upon Default.
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 11-54-96 - 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.