To become a corporation, the Governor, the Commissioner of Corrections, the Director of Finance, the Lieutenant Governor and the Attorney General shall present to the Secretary of State of Alabama an application signed by them which shall set forth:
(1) The name, official designation and official residence of each of the applicants, together with a certified copy of the document evidencing each applicant's right to office;
(2) The date on which each applicant was inducted into office and the term of office of each of the applicants;
(3) The name of the proposed corporation, which shall be the "Alabama Corrections Institution Finance Authority";
(4) The location of the principal office of the proposed corporation; and
(5) Any other matter relating to the incorporation which the applicants may choose to insert and which is not inconsistent with this chapter or the laws of the State of Alabama.
The application shall be subscribed and sworn to by each of the applicants before an officer authorized by the laws of this state to take acknowledgments to deeds. The Secretary of State shall examine the application, and if he finds that it substantially complies with the requirements of this section, he shall receive and file it and record it in an appropriate book of records in his office.
Structure Code of Alabama
Title 14 - Criminal Correctional and Detention Facilities.
Chapter 2 - Alabama Corrections Institution Finance Authority.
Section 14-2-2 - Purpose of Chapter; Construction Thereof.
Section 14-2-3 - Incorporation by State Officials - Authority.
Section 14-2-4 - Incorporation by State Officials - Application.
Section 14-2-5 - Incorporation by State Officials - Certificate of Incorporation.
Section 14-2-6 - Members; Officers; Directors; Quorum; Vacancies; Salaries.
Section 14-2-7 - Resolutions and Proceedings of Board of Directors.
Section 14-2-8 - Powers - Generally.
Section 14-2-9 - Powers - Eminent Domain.
Section 14-2-10 - Temporary Loans in Anticipation of Issuance of Bonds.
Section 14-2-11 - Execution of Bonds and Notes.
Section 14-2-12 - Bonds - Authorization.
Section 14-2-13 - Bonds - Sale and Issuance of Refunding Bonds.
Section 14-2-14 - Bonds - Specifications; Redemption; Precedence.
Section 14-2-15 - Bonds - Recital, Notice and Contest of Authorizing Resolution, Etc.
Section 14-2-16 - Bonds - Sale.
Section 14-2-16.1 - Bonds - Report to Legislature; Contents.
Section 14-2-17 - Bonds - Investment of Surplus in State Fund, etc., and Trust Funds.
Section 14-2-18 - Bonds - Security for Deposit of Governmental Funds.
Section 14-2-19 - Bonds - Disposition of Proceeds.
Section 14-2-20 - Bonds - Investment of Proceeds.
Section 14-2-21 - Bonds - Security.
Section 14-2-22 - Bonds - Enforcement Upon Default.
Section 14-2-23 - Bonds - Bonds and Coupons Deemed Negotiable Instruments.
Section 14-2-24 - Obligations, Bonds, and Notes Not Debt of State.
Section 14-2-26 - Kilby Property - Sale or Lease by Authority.
Section 14-2-27 - Kilby Property - Lease to United States Environmental Protection Agency.
Section 14-2-28 - Facilities - Construction.
Section 14-2-28.1 - Facilities - Determination on Provider of Telephone Service.
Section 14-2-29 - Facilities - Leasing - State or Agency Thereof.
Section 14-2-31 - Special Funds.
Section 14-2-32 - Exemption From Taxation.
Section 14-2-33 - Venue for Actions.
Section 14-2-34 - Dissolution.
Section 14-2-35 - Fees of Secretary of State.
Section 14-2-36 - Exemption From Competitive Bid Laws.