The properties of the corporation and the income from those properties, all lease agreements made by the corporation, and all bonds issued by the corporation and the income from the bonds, and all lien notices filed with respect thereto shall be forever exempt from any and all taxation in the State of Alabama.
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.