(a) The articles shall be filed with the probate judge. Upon acceptance of such articles for filing, the proposed authority shall constitute a de jure corporation. The acceptance of such articles for filing by the probate judge shall be conclusive of the valid incorporation of a proposed authority or reincorporation of an industrial development authority or industrial development board.
(b) There shall be no fees or taxes paid to or collected by the probate judge for any service rendered or work performed in connection with an authority, its incorporation, reincorporation, amendment, dissolution, or records.
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.