Commencing June 9, 2011, the Governor is authorized and directed to execute and deliver, in the name of the State of Alabama, an appropriate deed conveying to the corporation the coliseum together with the lands in the Alabama Agricultural Center in the City of Montgomery. Upon delivery of the deed to the corporation, the corporation shall be vested with all title and rights which the State of Alabama has in the property conveyed, subject to a right of reverter to the state upon dissolution of the corporation.
Structure Code of Alabama
Chapter 6 - Agricultural Center.
Article 5 - Garrett Coliseum Redevelopment Act.
Section 2-6-100 - Short Title.
Section 2-6-101 - Definitions.
Section 2-6-102 - Public Corporation - Formation Authorized.
Section 2-6-103 - Public Corporation - Application for Formation; Certificate of Incorporation.
Section 2-6-104 - Public Corporation - Board of Directors.
Section 2-6-105 - Public Corporation - Powers.
Section 2-6-106 - Deed to Coliseum.
Section 2-6-107 - Lease of Project.
Section 2-6-108 - Design, Rehabilitation, Renovation, etc., of Coliseum.
Section 2-6-109 - Eminent Domain.
Section 2-6-111 - Refunding Bonds.
Section 2-6-112 - Execution, Authentication, and Delivery of Bonds.
Section 2-6-113 - Sale of Bonds.
Section 2-6-114 - Form and Contents of Bonds; Redemption.
Section 2-6-115 - Investment of Proceeds.
Section 2-6-116 - Disposition of Bond Proceeds.
Section 2-6-117 - Disposition of Refunding Bond Proceeds.
Section 2-6-120 - Payment of Principal and Interest on Bonds; Recordkeeping.
Section 2-6-121 - Resolutions Authorizing Bonds.
Section 2-6-122 - Acts Authorized to Support Objectives.
Section 2-6-123 - Federal Income Taxation.
Section 2-6-124 - Investments.
Section 2-6-125 - Corporate Obligations.