Code of Alabama
Chapter 92C
Section 11-92C-3 - Filing of Application; Authorization of Incorporation by Governing Body of an Authorizing Subdivision.

(a) An authority may be organized pursuant to this chapter. In order to incorporate a public corporation, any number of natural persons, not less than three, who are duly qualified electors of the authorizing subdivision, shall first file a written application with the governing body of the authorizing subdivision, which shall contain all of the following:
(1) A statement that the applicants propose to incorporate the authority pursuant to this chapter.
(2) A statement of the proposed location of the principal office of the authority, which shall be within the corporate limits of a municipality or geographical limits of a county.
(3) A general description of the proposed project.
(4) A map or legal description or other description of the proposed local redevelopment area.
(5) A statement that each of the applicants is a duly qualified elector residing in the authorizing subdivision.
(6) A request that the governing body of the authorizing subdivision adopt a resolution declaring that it is wise, expedient, and necessary that the proposed authority be formed and authorizing the applicants to proceed to form the proposed authority by the filing for record of a certificate of incorporation in accordance with Section 11-92C-4.
(7) A signed letter of authorization from the Governor and the Chair of the Alabama Job Creation and Military Stability Commission designating the project as a project eligible for the benefits of this chapter.
(b)(1) Every application shall be accompanied by supporting documents or evidence as the applicants may consider appropriate. As promptly as may be practicable after the filing of the application in accordance with this section, the governing body of the authorizing subdivision shall review the contents of the application, and shall adopt a resolution either:
a. Denying the application.
b. Declaring that its approval of the application will benefit the authorizing subdivision, as applicable, and will facilitate the retention, development, or redevelopment of an existing military installation or area contiguous to the military installation, and that the proposed authority be formed and authorizing the applicants to proceed to form the proposed authority by filing for record of a certificate of incorporation in accordance with Section 11-92C-4.
(2) The governing body with which the application is filed shall also include a copy of the application in the minutes of the meeting of the governing body at which final action upon the application is taken.

Structure Code of Alabama

Code of Alabama

Title 11 - Counties and Municipal Corporations.

Title 3 - Provisions Applicable to Counties and Municipal Corporations.

Chapter 92C

Section 11-92C-1 - Legislative Intent.

Section 11-92C-2 - Definitions.

Section 11-92C-3 - Filing of Application; Authorization of Incorporation by Governing Body of an Authorizing Subdivision.

Section 11-92C-4 - Procedure to Incorporate; Contents and Execution of Certificate of Incorporation.

Section 11-92C-5 - Amendments to Certificate of Incorporation.

Section 11-92C-6 - Board of Directors to Govern Each Authority.

Section 11-92C-7 - Officers of Authority.

Section 11-92C-8 - Powers of Authority.

Section 11-92C-9 - Bonds of Authority.

Section 11-92C-10 - Proceeds From the Sale of Bonds.

Section 11-92C-11 - Refunding Bonds.

Section 11-92C-12 - Notice of Bond Resolution.

Section 11-92C-13 - Exemption From Taxation.

Section 11-92C-14 - Liability of Authorizing Subdivision.

Section 11-92C-15 - Failure to Pay Past Due Assessments.

Section 11-92C-16 - Exemption From Usury Laws.

Section 11-92C-17 - Exemption From Competitive Bid Laws.

Section 11-92C-18 - Freedom of Authority From State Supervision and Control.

Section 11-92C-19 - Earnings of Authority.

Section 11-92C-20 - Dissolution of Authority and Vesting of Title to Property.

Section 11-92C-21 - Existence of Authority Not to Prevent Subsequent Incorporation of Another Authority.

Section 11-92C-22 - Establishment and Revision of Rentals, Licenses, Rates, Fees, and Charges for Services or Facilities Rendered by Authority.

Section 11-92C-23 - Loans, Sales, Grants, Guarantees, and Contractual or Lease Obligations of Money or Property.