(a) It is the intention of the Legislature by the passage of this chapter to authorize each county and each municipality in the state, acting separately or jointly, within the restrictions of this chapter, to acquire, by purchase or otherwise, one or more industrial or commercial parks, as defined in Section 11-92-1, to develop such parks, to finance such acquisition and development by the sale and issuance of interest-bearing general obligation warrants of such counties or municipalities, and to sell such parks.
(b) This chapter shall be liberally construed in conformity with this intention.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 92 - Industrial Parks.
Section 11-92-1 - Definitions.
Section 11-92-2 - Legislative Intent; Construction of Chapter Generally.
Section 11-92-4 - Requirements as to Acquisition and Development of Parks.
Section 11-92-7 - Warrants - Security for Payment of Principal and Interest.
Section 11-92-8 - Refunding Warrants.
Section 11-92-9 - Investment in Warrants by Trustees, Executors, Etc.
Section 11-92-11 - Applicability and Effect of Other Provisions of Law.