Code of Alabama
Division 1 - General Provisions.
Section 41-10-22 - Authorization and Procedure for Incorporation.

The Secretary of the Alabama Department of Commerce, the Commissioner of Revenue and the Director of Finance may become a public corporation with the powers provided for in this article by proceeding according to the provisions of Section 41-10-23.

Structure Code of Alabama

Code of Alabama

Title 41 - State Government.

Chapter 10 - Authorities.

Article 2 - Industrial Development Authority.

Division 1 - General Provisions.

Section 41-10-20 - Definitions.

Section 41-10-21 - Legislative Findings of Fact and Declaration of Intent; Construction of Article.

Section 41-10-22 - Authorization and Procedure for Incorporation.

Section 41-10-23 - Filing of Application for Incorporation With Secretary of State; Contents and Execution Thereof; Filing and Recordation of Application by Secretary of State.

Section 41-10-24 - Issuance and Recordation of Certificate of Incorporation by Secretary of State; Secretary of State to Receive No Fees in Connection With Incorporation, Dissolution, etc., of Authority.

Section 41-10-25 - Composition; Recordkeeping; Admissibility in Evidence.

Section 41-10-26 - Powers of Authority Generally.

Section 41-10-26.1 - Exercise of Powers Granted to Airport Authorities.

Section 41-10-27 - Issuance and Sale of Bonds for Purpose of Making Grants for Certain Purposes Authorized; Terms and Conditions.

Section 41-10-27.1 - State Preparation Grant Money for Raw or Completely Undeveloped Sites.

Section 41-10-27.2 - Appropriation of Funds for Payment of Industrial Development Site Grants.

Section 41-10-28 - Execution of Bonds and Interest Coupons; Form, Terms, Denominations, etc., of Bonds; Sale; Refunding Bonds; Liability Upon Bonds; Pledges of Certain Funds as Security for Payment of Principal and Interest on Bonds Generally; Bonds...

Section 41-10-29 - Disposition of Proceeds From Sale of Bonds and Refunding Bonds.

Section 41-10-30 - Pledge and Appropriation of Certain Tax Receipts for Sinking Fund for Payment of Principal and Interest on Bonds.

Section 41-10-31 - Payment of Principal and Interest on Bonds and Maintenance of Records Pertaining Thereto by State Treasurer.

Section 41-10-32 - Dissolution of Authority; Title to Property of Authority to Vest in State Upon Dissolution of Authority.