The revitalization and redevelopment of the central business district of the City of Auburn develops and promotes for the public good and general welfare trade, commerce, industry, general business, and employment opportunities and promotes the general welfare of the city and state by creating a climate favorable to the location of new industry, trade, and commerce, and the development of existing industry, trade, and commerce. Revitalization and redevelopment of such central business district by financing projects under this part shall develop and promote for the public good and general welfare trade, commerce, industry, general business, and employment opportunities and shall promote the general welfare of the city and state. It is therefore in the public interest and is vital to the public welfare of the people of Auburn and of Alabama, and it is hereby declared to be the public purpose of this part, to so revitalize and redevelop the central business district of the City of Auburn.
Structure Code of Alabama
Chapter 41A - Lee County Municipalities.
Part 1 - Downtown Development Authority.
Section 45-41A-10 - Legislative Intent.
Section 45-41A-10.01 - Definitions.
Section 45-41A-10.02 - Use of Particular Terms and Phrases.
Section 45-41A-10.03 - Application; Authorization of Incorporation.
Section 45-41A-10.04 - Incorporation Procedures; Contents and Execution of Certificate.
Section 45-41A-10.05 - Amendments to Certificate of Incorporation.
Section 45-41A-10.06 - Board of Directors.
Section 45-41A-10.07 - Officers of the Authority.
Section 45-41A-10.08 - Powers of Authority.
Section 45-41A-10.09 - Boards of the Authority.
Section 45-41A-10.10 - Proceeds From Sale of Bonds.
Section 45-41A-10.11 - Refunding Bonds.
Section 45-41A-10.12 - Notice of Bond Resolution.
Section 45-41A-10.13 - Exemption From Taxation.
Section 45-41A-10.14 - Liability of City.
Section 45-41A-10.15 - Exemption From Usury and Interest Laws.
Section 45-41A-10.16 - Exemption From Competitive Bid Laws.
Section 45-41A-10.17 - Freedom of the Authority From State Supervision and Control.
Section 45-41A-10.18 - Earnings of the Authority.
Section 45-41A-10.19 - Dissolution of Corporation.
Section 45-41A-10.20 - Existence of Authority to Prevent Subsequent Incorporation.