The applicants named in the application and their respective successors in office shall constitute the members of the corporation. The Governor shall be the president of the corporation and the Director of Finance shall be the secretary of the corporation. The State Treasurer shall be the treasurer of the corporation and shall act as custodian of its funds. The members of the corporation shall constitute all the members of the board of directors of the corporation, and any three members of the board of directors shall constitute a quorum for the transaction of business. Should any of said officials of the state die or should his term of office as Governor, Lieutenant Governor, Speaker of the House of Representatives, Director of Finance, or State Treasurer expire or should he resign therefrom, his successor in office shall take his place as a member, officer and director of the corporation, as the case may be. No member, officer or director of the corporation shall draw any salary, in addition to that now authorized by law, for any service he may render or any duty he may perform in connection with the corporation. All proceedings had and done by the board of directors shall be reduced to writing by the secretary of the corporation and recorded in a substantially bound book. Copies of such proceedings, when certified by the secretary of the corporation under the seal of the corporation, shall be received in all courts as prima facie evidence of the matters and things therein certified.
Structure Code of Alabama
Chapter 18B - Alabama Forensic Sciences Bond Authority.
Section 16-18B-1 - Legislative Findings.
Section 16-18B-2 - Definitions.
Section 16-18B-3 - Authorization and Procedure for Incorporations; Application.
Section 16-18B-4 - Certificate of Incorporation.
Section 16-18B-5 - Members; Officers; Quorum; Vacancies; Salaries; Record of Proceedings.
Section 16-18B-6 - Powers of Authority.
Section 16-18B-7 - Bonds - Issuance and Sale.
Section 16-18B-8 - Bonds - Payment of Principal, Premium, and Interest; Records.
Section 16-18B-9 - Bonds - Redemption.
Section 16-18B-10 - Bonds - Execution; Facsimiles; Validity.
Section 16-18B-11 - Alabama Forensic Sciences Bond Fund.
Section 16-18B-12 - Use of Proceeds From Bonds.
Section 16-18B-13 - Refunding Bonds.
Section 16-18B-14 - Exemption From Taxes; Use of Bonds as Security; Investment of Funds.
Section 16-18B-15 - Contracts to Be in Writing.
Section 16-18B-16 - Appropriation and Allocation of Funds.
Section 16-18B-17 - Dissolution of Corporation.