Code of Alabama
Article 5 - Historical Preservation Authorities.
Section 41-10-137 - Purposes for Which Authorities May Be Formed.

Public corporations may be formed under the provisions of this article as agencies or instrumentalities of this state for any one or more or all of the following purposes:
(1) To undertake and to make or cause to be made engineering, architectural, technical, financial, legal and other appropriate studies and surveys with respect to restoring, renovating, preserving, improving, protecting or maintaining any public or private property within the state that has been listed in the National Register of Historic Places, or providing vicinity improvements.
(2) To restore, construct, acquire, own and operate, singly or in conjunction with others, lease, sell and otherwise dispose of land, buildings, houses or other structures, facilities or property within the state that have been listed in the National Register of Historic Places, and any vicinity improvements.
(3) To cooperate with and lend financial assistance and other aid to persons in any matters and undertakings having to do with or the end purpose of which is to restore, renovate, preserve, improve, protect or maintain any public or private property that has been listed in the National Register of Historic Places, or to provide vicinity improvements.

Structure Code of Alabama

Code of Alabama

Title 41 - State Government.

Chapter 10 - Authorities.

Article 5 - Historical Preservation Authorities.

Section 41-10-135 - Short Title.

Section 41-10-136 - Definitions.

Section 41-10-137 - Purposes for Which Authorities May Be Formed.

Section 41-10-138 - Application for Authority to Incorporate; Contents; Review of Application and Issuance of Executive Order by Governor.

Section 41-10-139 - Filing Certificate of Incorporation With Secretary of State; Contents, Execution, Recordation, Etc.

Section 41-10-140 - Board of Directors; Appointment, Terms, Vacancies, Reappointment, Expenses, Removal, Etc.

Section 41-10-141 - Powers and Duties of Authority Generally.

Section 41-10-142 - Bonds - Issuance; Form, Terms, Denominations, etc.; Sale; Refunding Bonds; Negotiable; Security for Payment.

Section 41-10-143 - Bonds - Contracts to Secure Payment of Principal and Interest.

Section 41-10-144 - Bonds - Statutory Mortgage Lien to Secure Payment of Principal and Interest; Recording Notice.

Section 41-10-145 - Bonds - Use of Proceeds From Sale.

Section 41-10-146 - Loans, Sales, Grants, etc., of Money, Property, etc., to Authority by Counties, Municipalities, Etc.

Section 41-10-147 - Exemption From Taxation, Fees and Costs.

Section 41-10-148 - Reports by Authority to Governor.

Section 41-10-149 - Construction of Article Generally; Certain Provisions Exclusive.

Section 41-10-150 - Dissolution of Authority; Title to Property Vests in State.

Section 41-10-151 - Authority Organized Under Former Law Valid; Reincorporation Under This Article.

Section 41-10-152 - Historical Preservation Authorities - to Be Nonprofit Corporations; Distribution of Net Earnings.

Section 41-10-153 - Historical Preservation Authorities - Exempt From Usury or Other Interest Limiting Laws.

Section 41-10-154 - Application of Sections 41-10-152 Through 41-10-154; Provisions Not Retrospectively Validating.