To become a corporation, the Director of Transportation, the State Treasurer, and the Director of Finance shall present to the Secretary of State of Alabama an application signed by them which shall set forth:
(1) The name, official designation, and official residence of each of the applicants, together with a certified copy of the commission evidencing each applicant's right to office;
(2) The date on which each applicant was inducted into office and the term of office of each of the applicants;
(3) The name of the proposed corporation, which shall be Alabama Industrial Access Road and Bridge Corporation;
(4) The location of the principal office of the proposed corporation, which shall be Montgomery, Alabama; and
(5) Any other matter relating to the incorporation which the applicants may choose to insert and which is not inconsistent with this chapter or the laws of the State of Alabama.
The application shall be subscribed and sworn to by each of the applicants before an officer authorized by the laws of the State of Alabama to take acknowledgments to deeds. The Secretary of State shall examine the application and, if he finds that it substantially complies with the requirements of this section, he shall receive and file it and record it in an appropriate book of records in his office.
Structure Code of Alabama
Title 23 - Highways, Roads, Bridges and Ferries.
Chapter 6 - Industrial Access Roads and Bridges.
Section 23-6-3 - Authority to Incorporate.
Section 23-6-4 - Proceeding to Incorporate.
Section 23-6-7 - Corporate Powers.
Section 23-6-8 - Bonds of Corporation; Annual Appropriation From State Public Road and Bridge Fund.
Section 23-6-8.1 - Annual Appropriation From Public Road and Bridge Fund.
Section 23-6-10 - Revenues of Corporation.