Code of Alabama
Chapter 16 - Alabama Public School and College Authority.
Section 16-16-4 - Application for Incorporation.

(a) To become a corporation, the Governor, the State Superintendent of Education and the Director of Finance 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 commission 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 Public School and College 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.
(b) 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.
(c) 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

Code of Alabama

Title 16 - Education.

Chapter 16 - Alabama Public School and College Authority.

Section 16-16-1 - Definitions.

Section 16-16-2 - Legislative Findings of Fact and Declaration of Intent; Liberal Construction of Chapter.

Section 16-16-3 - Incorporation Authorized.

Section 16-16-4 - Application for Incorporation.

Section 16-16-5 - Issuance and Recording of Certificate of Incorporation; No Fees to Be Paid.

Section 16-16-6 - Members, Officers and Directors; Quorum for Transacting Business; Effect of Death, Resignation or Expiration of Term; Salary; Record of Proceedings; Copies of Proceedings as Evidence.

Section 16-16-7 - Powers Generally.

Section 16-16-8 - Authority Empowered to Sell and Issue Bonds for Construction, etc., of Facilities for Public Educational Purposes; Procedure for Letting Contracts.

Section 16-16-9 - Execution, Form, Terms and Conditions of Bonds; Sale; Refunding Bonds; Bonds to Be Limited Obligations; Security for Payment; Bonds as Negotiable Instruments; Exemption From Taxation; Bonds as Security for Deposits and for Investmen...

Section 16-16-10 - Disposition of Proceeds of Bonds.

Section 16-16-11 - Pledge of Revenues for Payment of Bonds.

Section 16-16-12 - Payment of Principal and Interest on Bonds.

Section 16-16-13 - Dissolution of Authority.

Section 16-16-14 - Use of Bond Proceeds for Loans to Local Boards of Education.

Section 16-16-14.1 - Sale of Bonds and Other Details of Bonds.

Section 16-16-14.2 - Legislative Intent.

Section 16-16-15 - Incentive Fund and Council.

Section 16-16-16 - Racial and Ethnic Diversity.

Section 16-16-17 - Swap Agreements.