|
11-43A-105
Section 11-43A-105 Continuation of laws relating to boards, authorities, agencies, etc., with
independent status until otherwise provided. All laws relating to any school board, library
board, hospital board, airport board, housing authority, plumbers or electricians board, planning
board or commission, zoning board, board of adjustment, park or recreation board, industrial
development board, medical clinic board, utilities board, or any municipally-owned service
enterprise, including, without limitation, electric, gas, sewer, and water boards or agencies,
and to any board, authority, or agency having independent status, which may apply at the time
the council-manager form of government under this article is made effective, 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, unless and until otherwise provided by law. (Acts
1991, No. 91-545, p. 973, §36.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-43A-105.htm - 1K - Match Info - Similar pages
11-54-125
Section 11-54-125 Definitions. As used in this division, the following terms shall have the
following meanings: (1) AUTHORIZING RESOLUTION. A resolution adopted by the directors and
authorizing the execution and delivery of a trust agreement. (2) DIRECTORS. The board of directors
of an industrial development board. (3) ENDOWMENT TRUST FUND or FUND. A trust fund created
by an industrial development board pursuant to this division. (4) FUND MANAGER. Any individual,
partnership, corporation, or other person, including, without limitation, a trustee bank,
employed to manage and invest moneys held in and forming a part of an endowment trust fund
and other contributions to such fund. (5) INDUSTRIAL DEVELOPMENT BOARD or BOARD. A public
corporation now in existence or hereafter organized pursuant to the provisions of either industrial
development board act. (6) INDUSTRIAL DEVELOPMENT BOARD ACT. Act 648, 1949 Regular Session,
as amended, and Division 1 and Division 2 of this article, as...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-125.htm - 3K - Match Info - Similar pages
45-10-160
Section 45-10-160 Distribution of Tennessee Valley Authority funds. Upon the receipt by Cherokee
County of any funds received pursuant to Act 2010-135 of the 2010 Regular Session amending
Section 40-28-2, the additional amounts received shall be distributed as follows: Forty-five
percent of the funds shall be distributed to the Cherokee County Industrial Development Board,
30 percent shall be distributed to the Cherokee County Chamber of Commerce, and 25 percent
shall be distributed to the Public Parks and Recreation Board of Cherokee County, Alabama,
Inc. (Act 2010-745, p. 1884, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-10-160.htm - 899 bytes - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-90.htm - 2K - Match Info - Similar pages
41-10-45.1
Section 41-10-45.1 Definitions. The following words and phrases shall have the following meanings
when used in this article: (a) AUTHORITY. The State Industrial Development Authority, a public
corporation of the state, organized and existing under Articles 2, 2A, and 2B of this Chapter.
(b) DEPARTMENT. The Alabama Department of Commerce. (c) ELIGIBLE BORROWER. A municipality,
county, industrial development authority organized under Chapter 92A of Title 11, industrial
development board organized under Article 4, Chapter 54 of Title 11, or nonprofit organization
organized to foster economic development and described in Section 501(c) of the Internal Revenue
Code of 1986, as in effect from time to time. (d) ELIGIBLE EXPENSES. Expenses relating to
land acquisition, site preparation or development, building improvements, building construction,
building renovations, infrastructure, and any other real or personal property deemed necessary
or useful in connection therewith. (e) ELIGIBLE...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-45.1.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-127.htm - 4K - Match Info - Similar pages
11-54-89
Section 11-54-89 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc.; refunding of bonds. All bonds issued by the industrial development board shall be payable
solely out of the revenues and receipts derived from the leasing or sale by the board of its
projects or of any thereof as may be designated in the proceedings of the board of directors
under which the bonds shall be authorized to be issued. Such bonds may be executed and delivered
by the board at any time and from time to time, may be in such form and denominations and
of such tenor and maturities, may be in registered or bearer form either as to principal or
interest or both, may be payable in such installments and at such time or times, not exceeding
40 years from the date thereof, may be payable at such place or places whether within or without
the State of Alabama, may bear interest at such rate or rates payable at such time or times
and at such place or places and evidenced in such manner,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-89.htm - 4K - Match Info - Similar pages
45-17-91.21
Section 45-17-91.21 Creation of the committee; membership; officers. (a) There is created the
Shoals Industrial Development Committee, which shall be an intergovernmental agency or instrumentality
of each of the counties. The committee shall be composed of 10 members, who shall serve ex
officio or shall be appointed, and who shall serve for such terms of office, as is specified
in this section. (b)(1) The following public officials shall serve ex officio as members of
the committee, each for a term co-extensive with his or her term of office as such public
official: a. The Mayor of the City of Florence. b. The Mayor of the City of Muscle Shoals.
c. The Mayor of the City of Sheffield. d. The Mayor of the City of Tuscumbia. e. The Chair
of the Lauderdale County Commission. (2) The initial term of office, as a member of the committee,
of each of the foregoing public officials who holds office on May 31, 2007, shall commence
on August 1, 2007. In case of any vacancy, from whatever cause,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-17-91.21.htm - 6K - Match Info - Similar pages
45-27-240
Section 45-27-240 Creation; composition; oath; compensation. (a) There shall be in Escambia
County a county board of equalization and adjustment, to consist of three members, each of
whom shall have been a resident of the county for at least five years. (b) The county board
of equalization as now constituted is hereby abolished and the duties of the board are transferred
to the county board of equalization and adjustment. (c) The board shall be composed of three
members appointed as provided in this section to serve four-year terms. During the month of
August, 2005, and during the month of August of each fourth year thereafter, the county commission
of the county and the county board of education shall each appoint one person to membership
on the county board of equalization and adjustment. During the month of August, 2005, and
during the month of August of each eighth year thereafter, the governing body of the City
of Atmore shall appoint one person to membership on the county board...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27-240.htm - 4K - Match Info - Similar pages
11-20-33
Section 11-20-33 Certificate of incorporation - Contents; execution and acknowledgment. (a)
The certificate of incorporation of any corporation organized under this article shall set
forth: (1) The names and residences of the applicants together with a recital that each of
them is an elector of and taxpayer in the county; (2) The name of the corporation, which shall
be The Industrial Development Board of _____ County (the blank space to be filled in with
the name of the county) if such name shall be available for use by the corporation and if
not available, then the incorporators shall designate some other similar name that is available;
(3) A recital that permission to organize the corporation has been granted by a resolution
duly adopted by the governing body of the county and the date of the adoption of such resolution;
(4) The location of the principal office of the corporation (which shall be in the county);
(5) The purposes for which the corporation is proposed to be organized;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-20-33.htm - 1K - Match Info - Similar pages
|