(a) At any time when no bonds of an authority are outstanding, the authority may be dissolved by the adoption of a resolution by the board of directors recommending dissolution and by the approval of the dissolution by the governing body of the county of incorporation and each participating municipality and the adoption of a resolution to the effect that the county and each participating municipality concur. The resolution need not be published or posted and need not be offered for more than one reading. Upon the dissolution the chair and secretary of the dissolved authority shall execute articles of dissolution reciting that the resolutions have been adopted and that the authority has been dissolved. The articles of dissolution shall be filed with the probate judge, who shall record the dissolution.
(b) Upon dissolution of an authority, title to all its property shall be vested in the public persons in its articles, or if no specification exists, in the county of incorporation.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 86A - Public Park and Recreation Authorities.
Section 11-86A-1 - Definitions.
Section 11-86A-2 - Legislative Findings of Fact and Declaration of Intent; Construction of Chapter.
Section 11-86A-3 - Authorization and Procedure for Incorporation Generally.
Section 11-86A-5 - Contents, Signing, and Filing of Articles.
Section 11-86A-10 - Members of the Board of Directors; Terms; Meetings; Removal From Office.
Section 11-86A-11 - Amendment of Articles.
Section 11-86A-12 - Powers of Authority Generally.
Section 11-86A-13 - Issuance and Sale of Bonds.
Section 11-86A-15 - Security for Bonds.
Section 11-86A-17 - Exemption From Usury and Interest Laws.
Section 11-86A-18 - Exemptions From Taxation.
Section 11-86A-19 - Limited Liability.
Section 11-86A-20 - Transfer of Funds and Assets to Authority.