11-54-101
Section 11-54-101 Powers cumulative; administrative fees. (a) The powers conferred by this
division shall be cumulative of and in addition to all powers heretofore conferred on industrial
development boards by the Industrial Development Board Act. (b) In addition to any other powers
conferred by this division, in order to encourage economic and industrial development and
to promote the creation of jobs within any Class 1 municipality, any industrial development
board in a Class 1 municipality whose directors are elected by the governing body of the Class
1 municipality that grants a tax abatement pursuant to Chapter 9B of Title 40, may charge
an administrative fee in an amount not to exceed .0025 percent of the total estimated investment
amount for the project up to an estimated investment amount of forty million dollars ($40,000,000)
as reflected in the application for abatement of taxes submitted to a board by a private entity,
business, or other private user, as defined in Section...
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11-54-135
Section 11-54-135 Powers cumulative. The powers conferred by this division shall be cumulative
of and in addition to all powers heretofore conferred on industrial development boards by
the industrial development board act. (Act 2000-730, p. 1569, §12.)...
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11-54-123
Section 11-54-123 Powers cumulative. The powers conferred by this division shall be cumulative
of and in addition to all powers heretofore conferred on industrial development boards by
the Industrial Development Board Act. (Acts 1982, No. 82-510, p. 843, §4.)...
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11-54-126
Section 11-54-126 Legislative findings and intent. (a) The Legislature hereby finds and declares
all of the following: (1) That industrial development boards have been, and may hereafter
be, organized, under the provisions of either industrial development board act, to promote
industry, develop trade, and further the use of the agricultural products and natural and
human resources of the State of Alabama and the development and preservation of such resources.
(2) That in order to enable all industrial development boards to act more effectively to promote
both the establishment of new business, manufacturing, industrial, commercial, service, and
research enterprises, and the expansion of such enterprises already existing in Alabama, it
is advisable that they be empowered to receive, manage, use, and expend contributions from
private sources that are separate from and in addition to any other moneys or other properties
that such boards are empowered by law to expend or to own. (3) That...
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11-54-88
Section 11-54-88 Additional powers as to pollution control facilities. (a)(1) In addition to
all other powers at any time conferred on them by law, each industrial development board shall
have the following powers: a. To acquire, whether by construction, purchase, exchange, gift,
lease, or otherwise and to enlarge, improve, replace, equip, and maintain one or more pollution
control facilities, including all real and personal properties deemed necessary or desirable
in connection therewith, including the sale and issuance of bonds for any of the said purposes;
b. To lease to others and otherwise dispose of all or any portion of any pollution control
facility; and c. To exercise with respect to any pollution control facility and each part
thereof any and all powers that are conferred on industrial development boards by other provisions
of this division. Each pollution control facility so acquired by any industrial development
board may be a part of another project or may constitute a...
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11-54-122
Section 11-54-122 Additional powers of industrial development boards; powers with respect to
ancillary facilities. In addition to all other powers at any time conferred on it by law,
each industrial development board shall have the following powers: (1) To acquire, whether
by construction, purchase, exchange, gift, lease, or otherwise, and to enlarge, improve, replace,
equip, and maintain, one or more ancillary facilities, including all real and personal properties
deemed necessary or desirable in connection therewith, and to sell and issue its bonds for
any of such purposes; (2) To lease to others and otherwise dispose of all or any portion of
any ancillary facility, provided that an industrial development board may operate and use
any ancillary facility, or any part thereof, intended for its own use; and (3) To exercise
with respect to any ancillary facility, and each part thereof, any and all powers that are
conferred on industrial development boards by the Industrial Development...
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11-54-127
Section 11-54-127 Additional powers of boards. (a) In addition to all other powers conferred
on it by law, and subject to any express provisions of its certificate of incorporation to
the contrary, any industrial development board shall have all of the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To create or establish one or more endowment trust funds. (2) To receive and accept from
any private source, for the account of any endowment trust fund so created or established
by it, contributions in the form of gifts of money, stocks, bonds, and other debt securities,
other personal property, whether tangible or intangible, and real property of any description,
subject, in the case of any such contribution, to any lawful condition to the use thereof
that is specified by the donor thereof and that is not inconsistent with the provisions of
this division. (3) To deposit, or to cause to be deposited, into any...
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11-54-121
Section 11-54-121 Legislative intent; liberal construction. It is the intent of the Legislature
by passage of this division to confer on industrial development boards now or hereafter organized,
in addition to those powers heretofore or hereafter conferred on them, the power to sell and
issue their bonds for, and to acquire, construct, enlarge, improve, replace, equip, maintain,
use, operate, lease, and dispose of ancillary facilities. This division shall be liberally
construed to conform with the said intention. (Acts 1982, No. 82-510, p. 843, §2.)...
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45-8-240.32
Section 45-8-240.32 Additional rights, powers, duties, and authorities; contracts; application
of statutes, acts, and laws of state. (a) This section shall apply only to Calhoun County,
Alabama. (b)(1) In addition to all other rights, powers, duties, and authorities, the tax
assessor and tax collector of Calhoun County may contract with and enter into contracts or
other forms of agreements with any industrial development board, other public corporation,
or public authority heretofore or hereafter created by Calhoun County or any municipality
in Calhoun County or partially in Calhoun County, including but not limited to the Anniston
Downtown Redevelopment Council, the Anniston Industrial Development Board, the Calhoun County
Economic Development Council, and the Oxford Industrial Development Board, for the purpose
of providing through and with employees, personnel, records, and equipment of the tax assessor's
office and tax collector's office, all services, labor, supplies, and other...
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10A-20-7.04
Section 10A-20-7.04 Powers of corporation. In furtherance of its purposes and in addition to
the powers now or hereafter conferred on business corporations by Alabama statutes, the corporation
shall, subject to the restrictions and limitations contained in this section, have the following
powers: (1) To elect, appoint, and employ officers, agents, and employees to make contracts
and incur liabilities for any of the purposes of the corporation; provided, that the corporation
shall not incur any secondary liability by way of guaranty or endorsement of the obligations
of any person, firm, corporation, joint stock company, association, or trust or in any other
manner. (2) To borrow money from its members and the small business administration and any
other similar federal agency for any of the purposes of the corporation, to issue therefor
its bonds, debentures, notes, or other evidences of indebtedness, whether secured or unsecured,
and to secure the same by mortgage, pledge, deed of...
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