Code of Alabama
Article 5 - Historical Preservation Authorities.
Section 41-10-146 - Loans, Sales, Grants, etc., of Money, Property, etc., to Authority by Counties, Municipalities, Etc.

For the purpose of effecting the restoration, renovation, preservation, improvement, protection or maintenance of, or interest in, any public or private property that has been listed in the National Register of Historic Places, any county, municipality or other political subdivision, public corporation, agency or instrumentality of this state may, upon such terms and with or without consideration, as it may determine:
(1) Lend or donate money to or perform services for the benefit of an authority;
(2) Donate, sell, convey, transfer, lease or grant to an authority, without the necessity of authorization at any election of qualified voters, any property of any kind, any interest therein and any franchise; and
(3) Do any and all things, whether or not specifically authorized in this article and not otherwise prohibited by law, that are necessary or convenient in connection with aiding and cooperating with an authority in its efforts to restore, renovate, preserve, improve, protect, maintain or promote interest in any public or private property that has been listed in the National Register of Historic Places.

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.