Code of Alabama
Chapter 54A - Downtown Redevelopment Authorities.
Section 11-54A-25 - Continued Existence of Authorities Established Before August 1, 2004; Reincorporation.

Any downtown redevelopment authority established under this chapter prior to August 1, 2004, for the purpose of revitalizing or redeveloping the central business district of any city or town in Alabama may continue in existence under this chapter as it appeared prior to August 1, 2004, or may reincorporate under the provisions of this chapter as amended by the filing of a restated certificate of incorporation with the judge of probate of the county wherein the certificate of incorporation of the authority was originally filed for record, but the provisions of Section 11-54A-4 need not be complied with and, if the authority had previously received an authorizing resolution, no new authorizing resolution shall be required. The governing body of the city shall not be required to reappoint the directors of the authority and the directors then in office shall continue in office and their terms of office shall expire at the same time the terms would have expired prior to the passage of this section.

Structure Code of Alabama

Code of Alabama

Title 11 - Counties and Municipal Corporations.

Title 2 - Provisions Applicable to Municipal Corporations Only.

Chapter 54A - Downtown Redevelopment Authorities.

Section 11-54A-1 - Legislative Intent.

Section 11-54A-2 - Definitions.

Section 11-54A-3 - Use of Phrases.

Section 11-54A-4 - Filing of Application; Authorization of Incorporation by Governing Body of City.

Section 11-54A-5 - Procedure to Incorporate; Contents and Execution of Certificate of Incorporation.

Section 11-54A-6 - Amendments to Certificate of Incorporation; Procedure.

Section 11-54A-7 - Board of Directors; Election, Terms, Eligibility, Etc.

Section 11-54A-8 - Officers of Authority.

Section 11-54A-9 - Powers of Authority; All Projects to Be in Development Area.

Section 11-54A-10 - Bonds of Authority.

Section 11-54A-11 - Proceeds From Sale of Bonds.

Section 11-54A-12 - Refunding Bonds.

Section 11-54A-13 - Notice of Bond Resolution; 30 Days to Bring Action to Question Bond Validity.

Section 11-54A-14 - Exemption From Taxation.

Section 11-54A-15 - Liability of City.

Section 11-54A-16 - Exemption From Usury and Interest Laws.

Section 11-54A-17 - Compliance With Competitive Bid Laws.

Section 11-54A-18 - Freedom of Authority From State Supervision and Control.

Section 11-54A-19 - Earnings of Authority.

Section 11-54A-20 - Dissolution of Corporation and Vesting of Title to Property in City.

Section 11-54A-21 - Existence of Authority to Prevent Incorporation of Another by City.

Section 11-54A-22 - Loans, Sales, Grants, etc., of Money, Property, etc., to Authority by Counties, Municipalities, Etc.

Section 11-54A-23 - Provisions Cumulative.

Section 11-54A-24 - Authorities Organized Under Prior Acts.

Section 11-54A-25 - Continued Existence of Authorities Established Before August 1, 2004; Reincorporation.