Code of Alabama
Article 3 - Southern Products Mart Authority.
Section 41-10-50 - Short Title.

This article shall be known as and may be cited as the Southern Products Mart Authority Act.

Structure Code of Alabama

Code of Alabama

Title 41 - State Government.

Chapter 10 - Authorities.

Article 3 - Southern Products Mart Authority.

Section 41-10-50 - Short Title.

Section 41-10-51 - Definitions.

Section 41-10-52 - Purpose of Article; Construction of Article.

Section 41-10-53 - Authority and Procedure for Incorporation of Authority; Members, Officers and Directors of Authority; Reduction to Writing, Recordation and Admissibility in Evidence of Proceedings of Board of Directors.

Section 41-10-54 - Powers of Authority Generally; Acquisition by Eminent Domain of Real Property or Rights Owned by Railroads or Utilities Not Authorized.

Section 41-10-55 - Issuance and Sale of Bonds Authorized Generally; Form, Terms, Denominations, etc., Thereof; Bonds to Be Deemed Negotiable Instruments; Redemption.

Section 41-10-56 - Resolution Authorizing Issuance of Bonds to Contain Recital as to Authority for Issuance; Notice of Passage of Resolution; Limitation Period and Venue for Actions to Contest Validity of Resolutions, Bonds, Etc.

Section 41-10-57 - Execution and Delivery of Bonds and Interest Coupons.

Section 41-10-58 - Sale of Bonds; Public Hearing or Consent of Department of Finance, etc., Not a Prerequisite to Issuance of Bonds.

Section 41-10-59 - Refunding Bonds.

Section 41-10-60 - Disposition of Proceeds From Sale of Bonds and Refunding Bonds.

Section 41-10-61 - Exemption From Taxation of Bonds, Properties, Income, etc., of Authority; Use of Bonds as Security for Deposits of State Funds; Investment of Trust Funds in Bonds.

Section 41-10-62 - Liability Upon Bonds, Debts, Agreements, etc., of Authority.

Section 41-10-63 - Authority and Procedure for Pledge of Revenues of Authority and Creation of Statutory Lien Upon Facilities and Properties Thereof for Payment of Principal and Interest on Bonds; Remedies Upon Default in Payment of Principal or Inte...

Section 41-10-64 - Special and Continuing Trust Fund for Payment of Principal and Interest on Bonds of Authority and Maintenance, etc., of Facilities Thereof.

Section 41-10-65 - Payment of Principal and Interest on Bonds and Maintenance of Records Pertaining Thereto by State Treasurer.

Section 41-10-66 - Annual Audit of Books and Accounts of Authority; Disposition of Reports Thereof.

Section 41-10-67 - Awarding, etc., of Contracts for Construction of Facilities, Buildings and Structures; Supervision, etc., of Construction; Payments to Contractors; Agreement of Authority and Building Commission as to Construction Cost Estimate.

Section 41-10-68 - Leasing of Buildings, Facilities and Structures.

Section 41-10-69 - Conveyance of Lands, Buildings, Properties, etc., of Authority to State Upon Payment in Full of Bonds, etc.; Dissolution of Authority.