To become a corporation, the Governor, the Director of Finance, and the State Treasurer shall present to the Secretary of State of Alabama an application signed by them which shall set forth: (1) the name, official designation, and official residence of each of the applicants, together with a certified copy of the document evidencing each applicant's right to office; (2) the date on which each applicant was inducted into office and the term of office of each of the applicants; (3) the name of the proposed corporation, which shall be the Alabama Building Renovation Finance Authority; (4) the location of the principal office of the proposed corporation; and (5) any other matter relating to the incorporation which the applicants may choose to insert and which is not inconsistent with this article or the laws of the state. The application shall be subscribed and sworn to by each of the applicants before an officer authorized by the laws of this state to take acknowledgements to deeds. The Secretary of State shall examine the application and, if he finds that it substantially complies with the requirements of this section, he shall receive and file it and record it in an appropriate book of records in his office.
Structure Code of Alabama
Article 14 - Alabama Building Renovation Finance Authority.
Section 41-10-450 - Legislative Intent.
Section 41-10-451 - Definitions.
Section 41-10-452 - Power to Incorporate.
Section 41-10-453 - Provisions for Incorporation.
Section 41-10-454 - Consummation of Incorporation.
Section 41-10-455 - Members, Directors and Officers of Authority.
Section 41-10-456 - Powers of Authority.
Section 41-10-457 - Power of Condemnation.
Section 41-10-458 - Authorization of Bonds.
Section 41-10-458.1 - Definitions; Additional Authorization.
Section 41-10-458.2 - Issuance of Bonds - 2006 Authorization.
Section 41-10-459 - Refunding Bonds.
Section 41-10-460 - Execution of Bonds.
Section 41-10-461 - Sale of Bonds.
Section 41-10-462 - Bonds of Authority.
Section 41-10-463 - Investment of Proceeds From Sale of Bonds.
Section 41-10-464 - Exemption From Taxation.
Section 41-10-465 - Bonds Constitute Negotiable Instruments.
Section 41-10-466 - Obligations Not Debt of State.
Section 41-10-467 - Bonds May Be Used to Secure Deposit and for Investment of Fiduciary Funds.
Section 41-10-468 - Use of Proceeds From Sale of Bonds.
Section 41-10-469 - Use of Proceeds of Refunding Bonds.
Section 41-10-470 - Conveyance to Authority by State.
Section 41-10-471 - Creation of Fund for Benefit of Bonds.
Section 41-10-472 - Pledge and Lien for Benefit of Bonds.
Section 41-10-473 - State Treasurer to Disburse Funds.
Section 41-10-474 - Terms and Conditions of Leasing by Authority; Delinquent Lease Payments.
Section 41-10-475 - Presumption of Validity of Bonds and Publication of Notice Thereof.
Section 41-10-476 - Power to Make Payments and to Make Agreements Respecting Investment of Funds.