When the application has been made, filed and recorded as herein provided, the applicants shall constitute a corporation under the name proposed in the application, and the Secretary of State shall make and issue to the applicants a certificate of incorporation pursuant to this chapter, under the Great Seal of the State, and shall record the certificate with the application. There shall be no fees paid to the Secretary of State for any work done in connection with the incorporation or dissolution of the authority.
Structure Code of Alabama
Chapter 16 - Alabama Public School and College Authority.
Section 16-16-1 - Definitions.
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 16-16-7 - Powers Generally.
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.