Code of Alabama
Article 5 - Garrett Coliseum Redevelopment Act.
Section 2-6-125 - Corporate Obligations.

All obligations incurred by the corporation and all bonds issued by it shall be solely and exclusively an obligation of the corporation and shall not create an obligation or debt of the State of Alabama.

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.