11-60-19
Section 11-60-19 Exemptions of corporations - Competitive bid laws. Each corporation organized
pursuant to the provisions of this chapter is hereby exempted from the laws of the State of
Alabama governing or respecting competitive bidding with respect to contracts of such corporation,
including, without limitation, the provisions of Sections 41-16-50 through 41-16-63. (Acts
1973, No. 1296, p. 2210, §2.)...
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11-20-49
Section 11-20-49 Exemptions of corporations - Competitive bid laws. Each corporation organized
under the provisions of this article, and all contracts made by such corporations, shall be
exempt from the provisions and requirements of Sections 41-16-50 through 41-16-63. (Acts 1977,
No. 762, p. 1310, §19.)...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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11-97-20
Section 11-97-20 Exemption from competitive bid laws. Any corporation and all contracts made
by it shall be exempt from the laws of the state requiring competitive bids for any contract
to be entered into by counties, municipalities, public corporations, or other instrumentalities
authorized by them, including, but without limitation to, the provisions of Article 3 of Chapter
16 of Title 41. Further, all contracts, whether or not involving any corporation as a party
thereto, which relate to the design, construction, acquisition, financing, or operation of
any facilities that are financed, in whole or in part, by any corporation pursuant to the
provisions of this chapter (including, without limitation, utility services agreements and
contracts for the design, construction, and equipment of such facilities) shall be exempt
from (1) such laws requiring competitive bids for any contract to be entered into by counties,
municipalities, public corporations, or other instrumentalities...
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11-62-20
Section 11-62-20 Exemptions of authority - Competitive bid laws. Any authority and all contracts
made by it shall be exempt from the laws of the state now or hereafter in effect that require
competitive bids for any contract to be entered into by municipalities or by public corporations
authorized by such municipalities, including, but without limitation to, the provisions of
Article 3 of Chapter 16 of Title 41. (Acts 1979, No. 79-332, p. 506, §14.)...
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11-20-48
Section 11-20-48 Exemptions of corporations - Usury and interest laws. Each corporation organized
under the provisions of this article is hereby exempted from the laws of the State of Alabama
governing usury or prescribing or limiting interest rates, including, without limitation,
the provisions of Chapter 8 of Title 8. (Acts 1977, No. 762, p. 1310, §14.)...
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11-60-18
Section 11-60-18 Exemptions of corporations - Usury and interest laws. Each corporation organized
pursuant to the provisions of this chapter is hereby exempted from the laws of the State of
Alabama governing usury or prescribing or limiting interest rates, including, without limitation,
the provisions of Chapter 8 of Title 8. (Acts 1973, No. 1296, p. 2210, §2.)...
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16-17A-20
Section 16-17A-20 Applicability of other laws. Notwithstanding any other provision of law to
the contrary: (1) Each authority shall be exempt from all laws of the state governing usury
or prescribing or limiting interest rates, including, without limitation, the provisions of
Title 8, Chapter 8. (2) Authorities, university affiliates, members of the governing bodies
of authorities and university affiliates, and officers and employees of authorities and university
affiliates shall not be subject to state ethics laws, including, without limitation, the provisions
of Title 36, Chapter 25. (3) Meetings of the board of an authority and any committee thereof
shall not be subject to public meeting or notice requirements, including, without limitation,
the provisions of Title 36, Chapter 25A. (4) Deposits of authorities and university affiliates
are entitled to the benefits of the Security for Alabama Funds Enhancement Act, Title 41,
Chapter 14A, and therefore, authorities and university...
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11-97-2
Section 11-97-2 Definitions. The following words and phrases used in this chapter, and others
evidently intended as the equivalent thereof, shall, in the absence of a clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of any county or
municipality in accordance with the provisions of Section 11-97-3 hereof. (2) AUTHORIZING
RESOLUTION. A resolution of ordinance adopted by the governing body of any county or municipality
in accordance with the provisions of Section 11-97-3 hereof, that authorizes the incorporation
of a corporation. (3) BOARD. The board of directors of a corporation. (4) BONDS. Bonds, notes,
or other obligations representing an obligation to pay money. (5) CORPORATION. Any public
corporation organized pursuant to the provisions of this chapter. (6) COSTS. As applied to
a facility or any portion thereof, shall include all or any part of the...
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40-14A-22
Section 40-14A-22 Levy and amount of tax. (a) Levy of tax. There is hereby levied an annual
privilege tax on every corporation, limited liability entity, and disregarded entity doing
business in Alabama, or organized, incorporated, qualified, or registered under the laws of
Alabama. The tax shall accrue as of January 1 of every taxable year, or in the case of a taxpayer
organized, incorporated, qualified, or registered during the year, or doing business in Alabama
for the first time, as of the date the taxpayer is organized, incorporated, registered, or
qualifies to do business, or begins to do business in Alabama, as the case may be. The taxpayer
shall be liable for the tax levied by this article for each year beginning before the taxpayer
has been dissolved or otherwise ceased to exist or has withdrawn or forfeited its qualification
to do business in Alabama. The amount of the tax due shall be determined by multiplying the
taxpayer's net worth in Alabama by the rate determined in...
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