(a) It is the intention of the Legislature by the passage of this chapter to authorize the incorporation in the several cities and towns in this state of public corporations for the purpose of owning and operating and contracting with others for the operation of such facilities as may be specified in the certificate of incorporation of the corporation or any amendment thereto and to vest such corporations with all powers that may be necessary to enable them to accomplish any such purpose, including the power to issue their revenue bonds and to mortgage such properties and pledge the revenues derived therefrom as security therefor.
(b) This chapter shall be liberally construed in conformity with the said intention.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 59 - Public Athletic Boards.
Section 11-59-1 - Definitions.
Section 11-59-2 - Legislative Intent; Construction of Chapter Generally.
Section 11-59-4 - Certificate of Incorporation - Contents; Execution and Acknowledgment.
Section 11-59-6 - Certificate of Incorporation - Amendment.
Section 11-59-7 - Board of Directors.
Section 11-59-8 - Powers of Corporations Generally.
Section 11-59-10 - Bonds - Security for Payment of Principal and Interest; Remedies Upon Default.
Section 11-59-12 - Conveyances of Properties to Corporations by Municipalities.
Section 11-59-13 - Powers of Corporations as to Conveyances, etc., of Title to Facilities.
Section 11-59-16 - Exemption From Taxation of Corporations, Facilities, Bonds, Etc.