Code of Alabama
Article 5 - Garrett Coliseum Redevelopment Act.
Section 2-6-122 - Acts Authorized to Support Objectives.

For the purpose of attaining the objectives of this article, any county, municipality, or other political subdivision, or public corporation, agency, or instrumentality of the state, a county, or municipality, upon such terms and with or without consideration, as it may determine, may do any or all of the following:
(1) Lend or donate money to the corporation or perform services for its benefit.
(2) Donate, sell, convey, transfer, lease, or grant to the corporation, without the necessity of authorization at any election of qualified voters, any property of any kind.
(3) Pay, or provide for the payment of, the principal of and interest on any bonds of the corporation, either directly or through the provision of a guaranty or comparable credit support.
(4) Do any and all things, whether or not specifically authorized in this section, not otherwise prohibited by law, which are necessary or convenient to aid and cooperate with the corporation in attaining the objectives of this article.

Structure Code of Alabama

Code of Alabama

Title 2 - Agriculture.

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 2-6-110 - Bonds.

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 2-6-118 - Trust Fund.

Section 2-6-119 - Pledge for Payment of Principal and Interest on Bonds; Filing With Judge of Probate.

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.

Section 2-6-126 - Exemption From State Taxation.

Section 2-6-127 - Dissolution of Corporation.