This article is intended to aid the state in the execution of its duties by providing appropriate and independent instrumentalities of the state with full and adequate powers to fulfill their functions. Except as otherwise provided in this article, no proceeding, notice, or approval shall be required for the incorporation of any authority or the amendment of its certificate of incorporation, the acquisition of any inland commercial or industrial facility or any dock or port facilities or any other facilities or other property used in connection with or related to commerce on the inland waterways traversing Marengo County or any municipality in the county, or the issuance of any bonds, mortgages, and deeds of trust, or trust indentures. The authority, all property of the authority, and the fees, tolls, rents, and other charges for the use of such property or for any services therefrom, shall be exempt from all jurisdiction of, and all regulation and supervision by, the Alabama Public Service Commission. Neither a public hearing nor the consent of the State Department of Finance shall be a prerequisite to the issuance of bonds by the authority.
Structure Code of Alabama
Article 9 - Economic and Industrial Development and Tourism.
Section 45-46-90 - Legislative Findings.
Section 45-46-90.01 - Definitions.
Section 45-46-90.02 - Filing of Application; Resolution.
Section 45-46-90.03 - Certificate of Incorporation.
Section 45-46-90.04 - Amendments to Certificate of Incorporation.
Section 45-46-90.05 - Board of Directors.
Section 45-46-90.06 - Powers of the Authority.
Section 45-46-90.07 - Charges for Use of Authority Facilities.
Section 45-46-90.08 - Bonds of the Authority.
Section 45-46-90.09 - Power to Contract.
Section 45-46-90.10 - Lien on Pledge of Revenues.
Section 45-46-90.11 - Proceeds From the Sale of Bonds.
Section 45-46-90.13 - Liability for Civil Damages.
Section 45-46-90.14 - Exemption From Taxation.
Section 45-46-90.15 - Freedom of Authority From State Supervision and Control.
Section 45-46-90.16 - Port Director; Administrative Assistant; Other Employees.
Section 45-46-90.17 - Audit of Records.