A municipal parking authority may be organized as a public corporation in any Class 2 municipality of the state. Three or more natural persons may file with the governing body of the municipality an application in writing for permission to incorporate a public corporation to function as a municipal parking authority. The applicants shall attach to the application a proposed form of certificate of incorporation for the corporation. If the governing body receiving the application adopts a resolution approving the form of the certificate of incorporation and authorizing the formation of a public corporation, the applicants shall become the incorporators. The resolution does not have to be published or posted. The applicants shall incorporate the authority as a public corporation as provided in this chapter.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 61A - Municipal Parking Authority.
Section 11-61A-1 - Declarations.
Section 11-61A-2 - Definitions.
Section 11-61A-3 - Application for Permission to Incorporate.
Section 11-61A-4 - Certificate of Incorporation.
Section 11-61A-5 - Attachments to Certificate.
Section 11-61A-6 - Changes and Amendments.
Section 11-61A-7 - Board of Directors.
Section 11-61A-10 - Operation of the Facility.
Section 11-61A-12 - Permitted Activities.
Section 11-61A-14 - Signature on Bonds.
Section 11-61A-15 - Issuance of Bonds.
Section 11-61A-16 - Proceeds From Sale of Bonds.
Section 11-61A-17 - Refunding Bonds.
Section 11-61A-18 - Tax Exemption.
Section 11-61A-19 - Investment by Governing Body.
Section 11-61A-20 - Bonds Deemed Legal Investment.
Section 11-61A-21 - Publication of Notice.
Section 11-61A-22 - Advertising and Award Laws Are Applicable.