When all securities issued by the corporation and all obligations incurred by it under the provisions of, and within the limitations contained in this article, shall have been fully paid, then the members of the board of directors of the corporation may at such time file with the Secretary of State a written statement subscribed and sworn to by them, reciting payment in full of all securities of the corporation, and all obligations incurred by it under the provisions of this article, which statement shall then be recorded by the Secretary of State with the certificate of incorporation of the corporation, whereupon the corporation shall stand dissolved.
Structure Code of Alabama
Chapter 6 - Agricultural Center.
Article 4 - Alabama Agricultural Markets and Coliseum Corporation.
Section 2-6-71 - Declaration of Purpose and Legislative Findings.
Section 2-6-72 - Authority and Procedure for Incorporation.
Section 2-6-73 - Certificate of Incorporation; Fees.
Section 2-6-74 - Board of Directors; Officers; Quorum; Compensation; Record of Proceedings.
Section 2-6-75 - Powers of Corporation - Generally.
Section 2-6-76 - Powers of Corporation - Issuance and Sale of Securities.
Section 2-6-77 - Powers of Corporation - Execution of Securities.
Section 2-6-78 - Disposition of Proceeds From Sale of Securities.
Section 2-6-79 - Construction of Market Facility.
Section 2-6-80 - Renovation of Coliseum.
Section 2-6-81 - Refunding Securities.
Section 2-6-82 - State Treasurer to Pay Principal and Interest.
Section 2-6-84 - Securities as Legal Investments.