At any time when the tourism board does not have any debt outstanding, and when there shall be no other obligations assumed by the tourism board that are then outstanding, the board may adopt a resolution, which shall be duly entered upon its minutes, declaring that the tourism board should be dissolved; provided, however, that no such resolution may be adopted except upon the affirmative vote of not less than four directors, with such vote having been taken by yeas and nays and entered upon the minutes of the board. After the adoption of the resolution by the board, and only if the governing bodies of the county and the City of Florence each adopt a resolution, which shall be duly entered upon their respective minutes, approving the dissolution of the tourism board, then, upon the filing for record in the office of the judge of probate of the county of a certified copy of each such resolution, the tourism board shall thereupon stand dissolved; and in the event that it owned any assets or property at the time of its dissolution, the title to all its assets and property, subject to any constitutional provision or inhibition to the contrary, shall thereupon vest in the City of Florence. In no event may the tourism board be dissolved hereunder except upon the adoption of appropriate resolutions by the board and by the respective governing bodies of the county and the City of Florence.
Structure Code of Alabama
Chapter 39 - Lauderdale County.
Article 22 - Parks, Historic Preservation, Museums, and Recreation.
Section 45-39-221 - Definitions.
Section 45-39-221.01 - Organization of Tourism Board.
Section 45-39-221.02 - Board of Directors.
Section 45-39-221.03 - Powers of Tourism Board.
Section 45-39-221.04 - Powers of Board; Officers.
Section 45-39-221.05 - Obligations Not Debts of State, County or Municipality.
Section 45-39-221.06 - Transfer of Funds and Assets to Tourism Board.
Section 45-39-221.07 - Distribution of County Lodging Tax.
Section 45-39-221.08 - Earnings of Tourism Board.
Section 45-39-221.09 - Exemption From Usury and Interest Laws.
Section 45-39-221.10 - Exemption From Taxation.