Code of Alabama
Article 4 - State Products Mart and Coliseum Authorities.
Section 41-10-107 - Exemption From Taxation of Bonds, Income, Projects, etc., of Corporation.

Each project and the income from all leases made with respect thereto, the bonds issued by the corporation and the income therefrom and all lease agreements and indentures made pursuant to the provisions of this article shall be exempt from all taxation in the state.

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Structure Code of Alabama

Code of Alabama

Title 41 - State Government.

Chapter 10 - Authorities.

Article 4 - State Products Mart and Coliseum Authorities.

Section 41-10-80 - Short Title.

Section 41-10-81 - Definitions.

Section 41-10-82 - Purpose of Article; Construction of Article Generally.

Section 41-10-83 - Application for Authority to Incorporate; Adoption by Governing Body of Resolution Authorizing Formation of Corporation.

Section 41-10-84 - Contents of Certificate of Incorporation Generally; Adoption of Resolution by Governing Body Approving Form and Contents of Certificate of Incorporation.

Section 41-10-85 - Execution of Certificate of Incorporation; Filing of Certificate of Incorporation, Resolution of Governing Body, etc., With Probate Judge and Recordation Thereof by Probate Judge.

Section 41-10-86 - Amendment of Certificate of Incorporation.

Section 41-10-87 - Board of Directors of Corporation - Composition; Qualifications, Reelection, etc., of Members; Vacancies; Quorum; Compensation and Expenses of Members; Reduction to Writing, Recordation and Admissibility in Evidence of Proceedings...

Section 41-10-88 - Board of Directors of Corporation - Election and Terms of Office of Members Generally.

Section 41-10-89 - Board of Directors of Corporation - Appointment of Additional Members to Board by Governor; Terms of Office, etc., of Additional Members.

Section 41-10-90 - Officers of Corporation.

Section 41-10-91 - Powers of Corporation - Generally.

Section 41-10-92 - Powers of Corporation - Eminent Domain.

Section 41-10-93 - Authority for Issuance of Bonds by Corporation; Liability Upon Bonds; Form, Terms, Denominations, etc.; Redemption; Sale; Payment of Expenses in Connection With Authorization, Sale and Issuance; Bonds to Contain Recital as to Autho...

Section 41-10-94 - Notice of Resolution Authorizing Issuance of Bonds; Limitation Period for Actions Contesting Validity of Bonds, Etc.

Section 41-10-95 - Execution and Delivery of Bonds and Interest Coupons.

Section 41-10-96 - Security for Payment of Principal and Interest on Bonds.

Section 41-10-97 - Disposition of Proceeds From Sale of Bonds Generally.

Section 41-10-98 - Proceeds of Bonds Not to Be Used for Payment of Fees, Commissions, etc., for Services in Sale, Issuance, Execution, etc., of Bonds; Maximum Amount Payable to Attorneys for Services Rendered.

Section 41-10-99 - Refunding Bonds.

Section 41-10-100 - Investment of Surplus, etc., County Funds in Bonds of Corporation.

Section 41-10-101 - Investment in Bonds of Corporation by Savings Banks, Insurance Companies, Trustees, Etc.

Section 41-10-102 - Remedies Upon Default on Bonds, Etc.

Section 41-10-103 - Leasing of Projects.

Section 41-10-104 - Conduct of Sporting Events, Exhibits, etc., in Projects.

Section 41-10-105 - Conveyances of Property to Corporation by Municipality, County or State Authorized.

Section 41-10-106 - Appropriations to Corporation by Municipality or County Authorized; Limitations.

Section 41-10-107 - Exemption From Taxation of Bonds, Income, Projects, etc., of Corporation.

Section 41-10-108 - Dissolution of Corporation and Vesting of Title to Properties Thereof Upon Dissolution; Vesting of Title to Projects Upon Payment in Full of Bonds Pertaining Thereto; Formation of Corporation Not to Prevent Subsequent Formation of...

Section 41-10-109 - Construction of Article.