(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 the provisions of this chapter;
(2) State the authorized operational area of the proposed authority;
(3) State that each of the incorporators is a resident of a county within the authorized operational area of the proposed authority; and
(4) Request that each governing body of each county within the authorized operational area of the proposed authority 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 the provisions of this chapter.
(b) Such application shall be accompanied by the form of articles of incorporation of the proposed authority.
(c) As promptly as may be practicable after the filing of the application with the judge of probate, the governing body of each county within the authorized operational area of the proposed authority shall review the contents of the application and the accompanying form of articles and shall adopt a resolution either:
(1) Denying the application, or
(2) Declaring that it is expedient that the proposed authority be formed, approving the form of its articles, and authorizing the incorporators to proceed to form the proposed authority by filing for record pursuant to subsection (c) of Section 11-92A-5 such articles of incorporation in accordance with the provisions of this chapter.
(d) It shall not be necessary that any such resolution be published in any newspaper or posted or be offered for more than one reading.
(e) The failure of any governing body of a county within the authorized operational area of a proposed authority to approve the written application of the incorporators shall invalidate the application to incorporate an authority, and the resolution denying the application of the incorporators shall be filed with the judge of probate of the county where the application of the incorporators was filed, whether within or without the county whose governing body denied the application. Nothing contained herein shall prevent the incorporators of the proposed authority from filing a new application to form an authority excluding the county or counties whose governing body or bodies failed to approve the incorporation of the proposed authority.
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.