11-54-93
Section 11-54-93 Disposition of net earnings of boards. The industrial development board shall
be a nonprofit corporation, and no part of its net earnings remaining after payment of its
expenses shall enure to the benefit of any individual, firm, or corporation; except, that
in the event the board of directors of the board shall determine that sufficient provision
has been made for the full payment of the expenses, bonds, and other obligations of the board,
then any net earnings of the corporation thereafter accruing shall be paid to the municipality
with respect to which the board was organized. (Acts 1949, No. 648, p. 991, §13.)...
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11-54-99
Section 11-54-99 Validation of attempted incorporation of certain industrial development boards.
In all cases where there has heretofore been an attempt to incorporate a municipal industrial
development board under the provisions of this article and a certificate of incorporation
with respect to such board has been filed in the office of the judge of probate of the county
in which such board was sought to be incorporated, but the attempted incorporation is invalid
because of some irregularity in the procedure followed, the attempted incorporation of such
industrial development board with respect to which such a certificate of incorporation has
been filed shall be and hereby is validated ab initio, notwithstanding any irregularity in
the procedure for the incorporation of such board, including without limiting the generality
of the foregoing: (1) The failure of the judge of probate in whose office such certificate
of incorporation was filed to examine such certificate of incorporation;...
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11-43B-27
Section 11-43B-27 Laws as to independent boards, authorities, and agencies continued in effect.
All laws relating to the school board, library board, hospital board, airport board, industrial
development boards or authorities, housing authorities, medical clinic boards, plumbers or
electricians boards or other technical boards, planning commission, board of adjustment, any
municipally owned service enterprise, and any board, authority, agency, etc., given such independent
status, as the same may apply and be in effect at the time when the municipality shall elect
to be governed by the provisions of this chapter, shall continue in full force and effect
and without interruption or change as to the establishment or conduct of any such authority,
board, or agency until otherwise provided by law. (Acts 1985, 2nd Ex. Sess., No. 85-926, p.
213, §27.)...
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11-44B-19
Section 11-44B-19 Laws relating to municipal boards, agencies, and service enterprises continued
in force. All laws relating to the school board, library board, hospital board, industrial
development boards or authorities, housing authorities, medical clinic boards, plumbers or
electricians boards or other technical boards, planning board, zoning board, park or recreation
board, municipally owned public utility, other boards and agencies and any municipally owned
service enterprise, including inter-alia, electric, gas and water boards, agencies, etc.,
and any board, authority, agency, etc., given such independent status as the same may apply
and be in effect at the time when the municipality shall elect to be governed by the provisions
of this article, shall continue in full force and effect and without interruption or change
as to the establishment of conduct of any such authority, board, or agency until otherwise
provided by law. (Acts 1985, 1st Ex. Sess., No. 85-107, p. 141, §19.)...
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11-44D-19
Section 11-44D-19 Continuation of laws relating to certain boards, etc. All laws relating to
the school board, library board, medical clinic board, hospital board, airport board, housing
authority, industrial development board, downtown development authority, plumbers or electricians
board, planning board, zoning board, park or recreation board, municipally owned public utility,
and any municipally owned service enterprise, including inter alia, electric, gas and water
boards, agencies, etc., and any board, authority, agency, etc., given such independent status,
as the same may apply and be in effect at the time when the municipality shall elect to be
governed by the provisions of this chapter, shall continue in full force and effect and without
interruption or change as to the establishment or conduct of any such authority, board, or
agency, until otherwise provided by law. (Acts 1986, No. 86-195, p. 240, §19.)...
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11-54-90
Section 11-54-90 Bonds - Security for payment of principal and interest; remedies upon default.
The principal of and interest on any bonds issued by the industrial development board shall
be secured by a pledge of the revenues and receipts out of which the same shall be made payable
and may be secured by a mortgage or deed of trust covering all or any part of the projects
from which the revenues or receipts so pledged may be derived, including any enlargements
of and additions to any such projects thereafter made. The resolution under which the bonds
are authorized to be issued and any such mortgage or deed of trust may contain any agreements
and provisions respecting the maintenance of the projects covered thereby, the fixing and
collection of rents for any portions thereof leased by the board to others, the creation and
maintenance of special funds from such revenues and the rights and remedies available in the
event of default as the board of directors shall deem advisable not in...
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11-54-92
Section 11-54-92 Liability of municipalities upon bonds, agreements, obligations, etc., of
boards. The municipality shall not in any event be liable for the payment of the principal
of or interest on any bonds of the industrial development board or for the performance of
any pledge, mortgage, obligation or agreement of any kind whatsoever which may be undertaken
by the board, and none of the bonds of the board or any of its agreements or obligations shall
be construed to constitute an indebtedness of the municipality within the meaning of any constitutional
or statutory provision whatsoever. (Acts 1949, No. 648, p. 991, §12.)...
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2-2-8
Section 2-2-8 Commissioner's powers and duties generally; assistance from other state agencies.
(a) The commissioner shall execute the agricultural and industrial policies of the State Board
of Agriculture and Industries. It shall be his duty: (1) To investigate and ascertain the
industrial possibilities of the State of Alabama and to seek to secure the development of
the same; (2) To collect statistics in regard to industrial development in the State of Alabama;
(3) To make investigations as to any matter relative to industrial development and possibilities;
(4) To cooperate in the fostering and development of the industrial interests of the state;
(5) To cooperate especially in the promotion, establishment and location of industries in
the smaller municipalities and rural communities of the state which use as a raw material
farm products of any character; (6) To cooperate with the state chamber of commerce, local
chambers of commerce and all local industrial boards to promote the...
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45-8A-23.231
Section 45-8A-23.231 Continuance of present officers. All persons holding administrative office
at the time the council-manager form of government is adopted shall continue in office and
in the performance of their duties until provision shall have been made in accordance therewith
for the performance of such duties or the discontinuance of such office. The powers conferred
and the duties imposed upon any office, department, board, or agency of the city by the laws
of the state shall, if such office, department, board, or agency, be abolished by this part,
or under its authority, be thereafter exercised and discharged by the office, department,
board, or agency designated by the council unless otherwise provided herein. (Acts 1953, No.
404, p. 472, §8.02.)...
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11-54-94
Section 11-54-94 Authority and procedure for dissolution of boards; vesting of title to funds
and properties thereof in municipalities upon dissolution. Whenever the board of directors
of the industrial development board shall by resolution determine that the purposes for which
the board was formed have been substantially complied with and all bonds theretofore issued
and all obligations theretofore incurred by the board have been fully paid, the members of
the board of directors of the board shall thereupon execute and file for record in the office
of the judge of probate of the county in which the board is organized a certificate of dissolution
reciting such facts and declaring the board to be dissolved. Such certificate of dissolution
shall be executed under the corporate seal of the board. Upon the filing of such certificate
of dissolution, the board shall stand dissolved, the title to all funds and properties owned
by it at the time of such dissolution shall vest in the...
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