(a) The written application of the incorporators shall be filed with the probate judge, which application shall:
(1) Contain a statement that the incorporators propose to incorporate an authority pursuant to this article.
(2) State that each of the incorporators is a resident of the county of incorporation.
(3) Request that the governing body of the county of incorporation and each participating municipality adopt a resolution declaring that it is expedient that the proposed authority be formed, approving the written application, and authorizing the incorporators to proceed to form the proposed authority by filing for record articles in accordance with this article.
(b) The application shall include the form of articles of the proposed authority.
(c) The governing body of the county of incorporation and of each participating municipality shall review the contents of the application and the accompanying form of articles and shall adopt a resolution to deny the application or to declare that it is expedient that the proposed authority be formed, approving the form of the articles, and authorizing the incorporators to proceed to form the proposed authority by filing for record pursuant to subsection (c) of Section 11-81-264.
(d) It shall not be necessary that a resolution be published in any newspaper or posted or be offered for more than one reading.
(e) No authority may be formed until the application and the resolution have been adopted.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 81 - Municipal and County Bonds.
Section 11-81-260 - Definitions.
Section 11-81-261 - Legislative Findings of Fact and Declaration of Intent; Construction of Article.
Section 11-81-262 - Authorization and Procedure for Incorporation Generally.
Section 11-81-264 - Contents, Signing, and Filing of Articles.
Section 11-81-269 - Members of the Board of Directors; Terms; Meetings; Removal From Office.
Section 11-81-270 - Amendment of Articles.
Section 11-81-271 - Powers of Authority Generally.
Section 11-81-272 - Issuance and Sale of Bonds.
Section 11-81-274 - Security for Bonds.
Section 11-81-276 - Exemption From Usury and Interest Laws.
Section 11-81-277 - Exemptions From Taxation.
Section 11-81-278 - Transfer of Funds and Assets to Authority.