The certificate of incorporation of an authority shall state;
(1) The names of the incorporators together with the residence of each thereof, and a statement that each of them is a duly qualified elector of and owner of property in the state;
(2) The name of the authority (which name shall include the words "railroad authority");
(3) The period for the duration of the authority (if the duration is to be perpetual that fact shall be so stated);
(4) The name of each authorizing subdivision, together with the date on which the governing body thereof adopted a resolution authorizing the incorporation of the authority;
(5) The proposed location of the principal office of the authority, which shall be in this state;
(6) The number of directors, which shall be not less than three, the duration of their respective terms of office (which shall not be in excess of five years), and, subject to the provisions of Section 37-13-5, the manner of their election or appointment; and
(7) Any other matters relating to the authority that the incorporators may choose to insert and that is not inconsistent with this chapter or with other laws of the state.
Structure Code of Alabama
Title 37 - Public Utilities and Public Transportation.
Chapter 13 - Incorporation of Railroad Authorities as Public Corporations.
Section 37-13-1 - Definitions.
Section 37-13-2 - Authority and Procedure to Incorporate.
Section 37-13-3 - Certificate of Incorporation - Contents.
Section 37-13-4 - Certificate of Incorporation - Execution and Recordation.
Section 37-13-5 - Board of Directors of Authority.
Section 37-13-6 - Officers of Authority.
Section 37-13-7 - Powers of Authority Generally.
Section 37-13-8 - Acceptance, etc., of Federal and State Aid Authorized.
Section 37-13-9 - Cooperation of Cities, Counties, Etc.
Section 37-13-10 - Suits Against Manager or Director of Authority.
Section 37-13-11 - Bonds of Authority - Generally.
Section 37-13-12 - Bonds of Authority - Execution.
Section 37-13-13 - Bonds of Authority - Security.
Section 37-13-14 - Bonds of Authority - Disposition of Proceeds From Sale of Bonds.
Section 37-13-15 - Bonds of Authority - Refunding Bonds.
Section 37-13-16 - Bonds of Authority - Exemption From Taxation.
Section 37-13-17 - Investment of County and Municipal Funds in Bonds of Authority.
Section 37-13-18 - Eligibility of Bonds as Investments for Trust Funds.