Code of Alabama
Article 11 - Uss Alabama Battleship Commission.
Section 41-9-354 - Borrowing of Money From Private Sources, etc., Authorized Generally; Pledge of Future Revenues From Admissions, etc., as Security for Repayment of Such Loans.

The commission shall have the authority to borrow money from private sources, the state emergency fund or such other sources as may be acceptable to the commission under such terms and conditions as may be provided by law. In order to provide security for the repayment of any such private or public loans, the commission shall have the authority to pledge such future revenues from admissions and any other sources as may, from time to time, be necessary or desirable.

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Structure Code of Alabama

Code of Alabama

Title 41 - State Government.

Chapter 9 - Boards and Commissions.

Article 11 - Uss Alabama Battleship Commission.

Section 41-9-340 - Creation; Composition; Qualifications, Appointment, Terms of Office and Removal of Members; Vacancies.

Section 41-9-341 - Members Not to Receive Pay, etc.; Payment of Expenses of Members; Conflicts of Interest of Members or Employees of Commission; Penalty.

Section 41-9-342 - Meetings Generally; Quorum; Organization and Procedure; Seal; Officers; Requirement of Bond From Treasurer.

Section 41-9-343 - Executive Committee.

Section 41-9-344 - Executive Director.

Section 41-9-345 - Employees.

Section 41-9-346 - Commission a Public Body Corporate.

Section 41-9-347 - Commission to Establish, Operate, etc., Memorial Park and Acquire, Exhibit, etc., Battleship Uss Alabama, Etc.

Section 41-9-348 - Commission to Be State Agency; Commission to Have Exclusive Control Over Battleship, Park, Etc.

Section 41-9-349 - Powers and Duties of Commission Generally.

Section 41-9-350 - Maintenance and Audits of Records and Books of Account; Establishment, etc., of Reserve Fund for Special Contingencies and Emergencies.

Section 41-9-351 - Commission May Provide for Insurance for Properties and Employees.

Section 41-9-352 - Authority for Issuance and Sale of Revenue Bonds; Form, Terms, Denomination, etc., Generally; Sale; Redemption; Payment of Principal and Interest on Bonds and Security Therefor.

Section 41-9-353 - Bonds and Other Obligations to Be Exclusively Obligations of Commission; Bonds and Coupons to Be Negotiable Instruments and to Constitute Legal Investments for Banks, Insurance Companies and Fiduciaries; Effect of Recital as to Iss...

Section 41-9-354 - Borrowing of Money From Private Sources, etc., Authorized Generally; Pledge of Future Revenues From Admissions, etc., as Security for Repayment of Such Loans.

Section 41-9-355 - Loan From State Docks Department; Commission May Borrow From Banks Pending Such Loan and Pledge Loan as Security; $50,000.00 Outstanding Indebtedness Forgiven.

Section 41-9-356 - Appropriations by Counties and Municipalities.

Section 41-9-357 - Battleship Fund.

Section 41-9-358 - Exemption From Taxation of Commission and Income, Properties, etc., Thereof.