(a) Any number of natural persons, not less than three, residing in any county or counties within the proposed authority's authorized operational area may incorporate an authority as provided in this chapter. To do so, the incorporators shall first file a written application in accordance with the provisions of this section and Section 11-92A-4.
(b) The authorized operational area of an authority may include any portion of one but not more than five counties. If more than one county is included in an authority's authorized operational area, each county, or portion thereof, included therein shall be contiguous with at least one other county, or portion thereof, included therein so that the authority's authorized operational area encompasses a unified territory.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 92A - County Industrial Development Authorities.
Section 11-92A-1 - Definitions.
Section 11-92A-2 - Legislative Findings of Fact and Declaration of Intent; Construction of Article.
Section 11-92A-3 - Incorporation of Authority.
Section 11-92A-4 - Application for Incorporation.
Section 11-92A-5 - Articles of Incorporation.
Section 11-92A-6 - Reincorporation.
Section 11-92A-9 - Board of Directors.
Section 11-92A-10 - Directors.
Section 11-92A-11 - Amendment of Articles.
Section 11-92A-12 - Powers of Authority.
Section 11-92A-13 - Issuance and Sale of Bonds.
Section 11-92A-14 - Bonds of Authority.
Section 11-92A-15 - Security for Bonds.
Section 11-92A-16 - Use of Bonds, Proceeds, Etc.
Section 11-92A-17 - Exemption From Usury and Interest Laws.
Section 11-92A-18 - Exemptions From Taxation.
Section 11-92A-19 - Nonapplicability of Competitive Bid Laws.
Section 11-92A-20 - Limited Liability.
Section 11-92A-21 - Transfer of Funds and Assets to Authority.
Section 11-92A-22 - Dissolution of Authority.
Section 11-92A-22.1 - Dissolution Requirements.
Section 11-92A-23 - Special Reserve Funds and Applications for Appropriations.