(a) When the application has been made, filed and recorded as provided in this article, the applicants shall constitute a corporation under the name proposed in the application, and the Secretary of State shall make and issue to the applicants a certificate of incorporation pursuant to this article, under the Great Seal of the State, and shall record the certificate with the application.
(b) There shall be no fees paid to the Secretary of State for any service rendered or work performed in connection with the authority, its incorporation, dissolution or records.
Structure Code of Alabama
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 41-10-25 - 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 41-10-27.1 - 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 41-10-29 - Disposition of Proceeds From Sale of Bonds and Refunding Bonds.