Mobile County or the City of Bayou La Batre, or any city within the county, is authorized, but not required, to lease, sell, donate, or otherwise convey to the corporation, real or personal property, including park properties, without the necessity of authorization by election of the qualified voters of the county, the city, and the governing body of the county or any other city within the county, is hereby authorized to enter into any agreements which such corporation may deem necessary in order to effectuate such lease, sale, donation, or transfer. The governing body of Mobile County, the City of Bayou La Batre, or any other city within the county, is further authorized to covenant with the corporation, which covenant shall likewise constitute a contract with the holders of any revenue bonds, notes, or other obligations thereafter issued by the corporation, that it will not acquire, construct, or operate or permit the acquisition, construction, or operation within the city or county, of any facility in competition with the corporation so long as any of the bonds, notes, or other obligation of the corporation shall remain outstanding.
Structure Code of Alabama
Chapter 49A - Mobile County Municipalities.
Section 45-49A-10 - Authority to Form Public Corporation.
Section 45-49A-10.01 - Certificate of Incorporation.
Section 45-49A-10.02 - Filing of Certificate.
Section 45-49A-10.03 - Board of Directors.
Section 45-49A-10.04 - Powers of Corporation.
Section 45-49A-10.05 - Power to Borrow Money and Issue Revenue Bonds.
Section 45-49A-10.06 - Contract Requirements.
Section 45-49A-10.07 - Lease, Sale, Donation, or Transfer of Property to the Corporation.
Section 45-49A-10.08 - Debts, Obligations, or Liabilities of Corporation.