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11-92-4
Section 11-92-4 Requirements as to acquisition and development of parks. The following procedure
shall be followed in acquiring and developing an industrial park: (1) The governing body of
any county or municipality shall determine by the adoption of a resolution duly entered on
its minutes that it shall become a participant or act alone in the acquisition and development
of an industrial park; (2) Any other county or municipality proposing to join as a participant
must adopt a similar resolution so stating within 90 days of the adoption of the resolution
referred to in subdivision (1) of this section; (3) Such resolutions must contain the following:
a. A legal description of the land proposed to be acquired, having sufficient specificity
to satisfy the requirements for a deed, and a finding that it is suitable for an industrial
park; b. The price, if any, for which the land will be acquired; c. The estimated cost of
developing the land as an industrial park and an outline of the plans...
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11-92-3
Section 11-92-3 Powers of counties and municipalities as to acquisition, development, etc.,
of parks generally. (a) In addition to all existing powers, a county or municipality shall
have the power, by itself or together with other participants, to acquire, by purchase, gift,
exchange, lease or otherwise, and to develop and dispose of one or more parcels of land as
an industrial park upon compliance with the procedure set out in Section 11-92-4. (b) This
power shall be subject to the following restrictions: (1) No county or municipality may acquire
real property for an industrial park any part of which is located in another county which
is not a participant or which is within the corporate limits of a municipality which is not
a participant unless the governing body of that other county or municipality shall have adopted
a resolution consenting to the acquisition of the industrial park therein; (2) No real property
may be acquired or developed by a municipality as an industrial park if...
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11-92-1
Section 11-92-1 Definitions. (a) The following definitions shall be applicable to this chapter,
unless a different meaning clearly appears from the context: (1) COUNTY. Each county in the
state. (2) GOVERNING BODY. The county commission or the board of commissioners, council, or
other governing body of a municipality. (3) INDUSTRIAL PARK. Land, with such improvements
as are authorized by this chapter, which has been determined by a governing body to be suitable
for use by more than one industrial or commercial enterprise for industrial or commercial
purposes and has been acquired or is proposed to be acquired by a county or a municipality
or any combination of counties and municipalities and held for the purpose of transferring
it to one or more persons for use for industrial or commercial purposes. (4) MUNICIPALITY.
A municipal corporation in the state. (5) PARTICIPANT. With respect to the acquisition and
development of an industrial park, a county or municipality which has financed...
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40-9B-3
Section 40-9B-3 Definitions. (a) For purposes of this chapter, the following words and phrases
mean: (1) ABATE, ABATEMENT. A reduction or elimination of a taxpayer's liability for tax or
payments required to be made in lieu thereof. An abatement of transaction taxes imposed under
Chapter 23 of this title, or payments required to be made in lieu thereof, shall relieve the
seller from the obligation to collect and pay over the transaction tax as if the sale were
to a person exempt, to the extent of the abatement, from the transaction tax. (2) ALTERNATIVE
ENERGY RESOURCES. The definition given in Section 40-18-1. (3) CONSTRUCTION RELATED TRANSACTION
TAXES. The transaction taxes imposed by Chapter 23 of this title, or payments required to
be made in lieu thereof, on tangible personal property and taxable services incorporated into
an industrial development property, the cost of which may be added to capital account with
respect to the property, determined without regard to any rule which...
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11-92-5
Section 11-92-5 Sale, etc., by municipalities or counties of property or interests in property;
ownership of parks by municipalities or counties. (a) Any municipality or county shall have
the power to sell and grant options to acquire any property or interest in property acquired
under the provisions of this chapter. (b) The sales price of any part of an industrial park
shall be no less than the greater of the consideration for purchase paid by the participants
plus the cost of all improvements made in the development of the property and the costs of
financing the acquisition and development, other than interest on any warrants, prorated on
the basis of the acreage involved, or the then fair market value of the property to be sold
as determined by an appraisal filed with each participant by a real estate appraiser whose
appraisals are accepted by local lending institutions. (c) It is not the intention of this
chapter to authorize any county or municipality to take permanent title to an...
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45-46-90.06
Section 45-46-90.06 Powers of the authority. (a) The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time which may be perpetuity,
subject to Section 45-46-90.18, specified in its certificate of incorporation. (2) To sue
and be sued in its own name in civil suits and actions, excepting actions in tort, and to
defend suits against it. (3) To adopt and make use of a corporate seal and to alter the same
at pleasure. (4) To adopt and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, receive, and take, by purchase, gift, lease, devise, or otherwise,
and to hold property of every description, real, personal, or mixed. (6) To make, enter into,
and execute such contracts, agreements, leases, and other instruments and to take such other
actions as may be necessary or convenient to accomplish any...
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33-15-6
Section 33-15-6 Powers, duties and functions generally. The general powers, duties and functions
of the authority shall be as follows: (1) GENERAL. The authority: a. Shall have perpetual
succession in its corporate name; b. May bring civil actions and have civil actions brought
against it in its corporate name; c. May adopt, use, and alter a corporate seal, which shall
be judicially noticed; d. May enter into such contracts and cooperative agreements with federal,
state and local governments, with agencies of such governments and with private individuals,
corporations, associations and other organizations, including the Bear Creek Watershed Association,
Inc., whether organized under the laws of Alabama or of another state, as the board may deem
necessary or convenient to enable it to carry out the purposes of this article, which authorization
shall include without limitation contracts and cooperative arrangements with any of the several
states and with counties and municipalities in...
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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the agency
shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in its corporate
name. b. May sue and be sued in its corporate name. c. May adopt, use and alter a corporate
seal, which shall be judicially noticed. d. May enter into such contracts and cooperative
agreements with the federal, state and local governments, with agencies of such governments,
with private individuals, corporations, associations, trusts and other organizations as the
board may deem necessary or convenient to enable it to carry out the purposes of this chapter,
including the planned, orderly residential development of the area. e. May adopt, amend and
repeal bylaws. f. May appoint such managers, officers, employees, attorneys and agents as
the board deems necessary for the transaction of its business, fix their compensation, define
their duties, require bonds of such of them as the board may...
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4-3-47
Section 4-3-47 Powers of authority generally. The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time (which may be
in perpetuity) specified in its certificate of incorporation; (2) To sue and be sued in its
own name in civil actions, excepting actions in tort against the authority; (3) To adopt and
make use of a corporate seal and to alter the same at pleasure; (4) To adopt and alter bylaws
for the regulation and conduct of its affairs and business; (5) To acquire, receive, take
and hold, whether by purchase, option to purchase, gift, lease, devise or otherwise, property
of every description, whether real, personal or mixed, whether in one or more counties and
whether within or without the corporate limits of any authorizing subdivision, and to manage
said property and to develop any property and to sell, exchange, lease or...
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11-54-2
Section 11-54-2 Authorized. Each municipality shall have the power to acquire and develop one
or more parcels of land as the site or sites for an industrial park or industrial parks and
shall have the power to expend money for such acquisition and development. The development
of land as the site for an industrial park shall be deemed to include the provision of water,
sewage, drainage, transportation, power, and communication facilities and other similar facilities
which are incidental to use of the land as an industrial park, but shall not be deemed to
include the provision of structures or buildings other than structures or buildings related
to water, sewage, drainage, transportation, power, communication, or similar facilities. (Acts
1969, No. 737, p. 1311, ยง2.)...
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