It is the intention of the Legislature by the passage of this article to authorize the incorporation of the Director of Finance, the Secretary of the Alabama Department of Commerce, the State Treasurer and the Executive Secretary to the Governor for the purpose of acquiring land for and erecting, constructing, maintaining and operating thereon a products market, exhibition halls, buildings and other related structures and facilities in Jefferson County, Alabama, where products and goods may be displayed to encourage the buying and selling of such products and goods, to encourage the expansion of existing industries in Alabama, to encourage the location of new industries in Alabama and to foster and encourage the growth of the general economy of Alabama, through a corporation to be composed of said officials whose incorporation is hereby authorized and to vest such corporation with all powers, authorities, rights, privileges and titles that may be necessary to enable it to accomplish such purpose.
This article shall be liberally construed in order to effect the said purpose.
Structure Code of Alabama
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 41-10-57 - Execution and Delivery of Bonds and Interest Coupons.
Section 41-10-59 - Refunding Bonds.
Section 41-10-60 - Disposition of Proceeds From Sale of Bonds and Refunding Bonds.
Section 41-10-62 - Liability Upon Bonds, Debts, Agreements, etc., of Authority.
Section 41-10-66 - Annual Audit of Books and Accounts of Authority; Disposition of Reports Thereof.
Section 41-10-68 - Leasing of Buildings, Facilities and Structures.