reglab/housing_qa huggingface dataset:
AL Code § 2-6-53 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 3 - Lease of Coliseum Building and Facilities.|Section 2-6-53 - Lease Authorized - Agricultural Center Fund; Appropriations for Rentals and Expenses.

Section 2-6-53Lease authorized - Agricultural Center Fund; appropriations for rentals and expenses. The charges made by the board pursuant to Section 2-6-51 shall be deposited monthly in the State Treasury to the credit of a special fund therein designated the Agricultural Center Fund and shall be used solely for the payment of the rentals payable under the lease agreement and the said operating and administrative expenses. So much of the moneys in the Agricultural Center Fund as may be necessary therefor are hereby appropriated for said purposes. In the event the revenues derived from the operation of the properties covered by the lease agreement should not be sufficient to pay, as the same respectively mature, the rentals required to be paid by the board under the provisions of the lease agreement and to pay the said operating and administrative expenses, there is hereby appropriated and ordered set aside in each fiscal year during the term of the lease agreement, solely out of moneys accruing to the Agricultural Fund under the provisions of Section 2-6-52, such amount as, when added to the moneys in the Agricultural Center Fund derived during that fiscal year from the operation of the properties covered by the lease agreement, shall be sufficient to pay the said rentals and the said operating and administrative expenses payable during each such fiscal year. The board is hereby authorized to pledge in the lease agreement for payment of said rentals so much as may be necessary for such purpose of the moneys required by this section to be paid into the Agricultural Center Fund. The moneys so appropriated for the payment of the said rentals shall be transferred by the State Treasurer to the credit of the corporation from time to time as may be necessary to pay said rentals. All other withdrawals from the Agricultural Center Fund shall be made upon requisition by the chairman of the board to the State Comptroller and upon warrant drawn by the State Comptroller upon the State Treasurer. Nothing contained in this section shall be construed to estop or prevent the Legislature at any time and from time to time in the future from altering the amounts and rates of the fees, licenses, fines, penalties and charges, the collections from which may now or hereafter be required by law to be paid into the Agricultural Fund, or from abolishing any thereof or substituting others therefor or adding others thereto as the Legislature, in its discretion, may from time to time deem advisable. The appropriations made in this section for the payment of rentals under the lease agreement shall not be subject to the provisions of Article 4 of Chapter 4 of Title 41 of this Code, and shall not be restricted by or subject to the provisions of any other act making general or special appropriations. (Acts 1951, No. 533, p. 943, §4.)
AL Code § 2-6-54 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 3 - Lease of Coliseum Building and Facilities.|Section 2-6-54 - Lease Authorized - Lease Not to Constitute Debt of State; Payment of Rentals.

Section 2-6-54Lease authorized - Lease not to constitute debt of state; payment of rentals. The lease agreement shall never in any event constitute or give rise to an indebtedness of the State of Alabama and no recourse shall ever be had against the general credit of the state or against its general funds for payment of said rentals. The rentals provided for in the lease agreement shall be payable solely out of the moneys in the Agricultural Center Fund derived from the operation of the properties covered by the lease agreement and, to the extent such moneys are not sufficient to pay said rentals and to pay the said operating and administrative expenses, out of the moneys in the Agricultural Fund appropriated for said purposes in this article. No moneys at any time in the General Fund of the state shall ever be used for payment of said rentals. (Acts 1951, No. 533, p. 943, §5.)
AL Code § 2-6-71 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-71 - Declaration of Purpose and Legislative Findings.

Section 2-6-71Declaration of purpose and legislative findings. The Legislature has found and determined and does hereby declare that in certain areas of this state, there are inadequate market facilities available to Alabama farmers for the efficient handling and sale of agricultural and agriculture related products. The Legislature has also found and determined, and does hereby declare that the coliseum is in dire need of repair and is in such poor condition as to limit its use by the public. It is the intent of the Legislature, by the passage of this article, to authorize the incorporation of a public corporation as an instrumentality of the state for the purpose of borrowing funds to finance the construction of an adequate market facility and the renovation of the coliseum and to vest said corporation with all powers, rights, privileges and titles that may be necessary to accomplish said purposes. This article shall be liberally construed in conformity with said intent. (Acts 1984, No. 84-252, p. 405, §2.)
AL Code § 2-6-72 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-72 - Authority and Procedure for Incorporation.

Section 2-6-72Authority and procedure for incorporation. The Governor, the Commissioner of Agriculture and Industries and the Director of Finance may incorporate and organize a public corporation with the powers and authority provided in this article by proceeding according to the provisions of this article. They are authorized to present to the Secretary of State an application for the organization of a corporation which shall be signed by them and shall set forth: (1) The names, official designations and official residences of the applicants, together with a certified copy of each of the commissions evidencing their respective rights to office; (2) The date or dates on which they were respectively inducted into office and the terms of their respective offices; (3) The name of the proposed corporation (which shall be Alabama Agricultural Markets and Coliseum Corporation, if such name is available for use by the corporation, but if not available, then some other name that is available shall be set forth in the application); (4) The location of the principal office of the proposed corporation, which shall be within the State of Alabama; and (5) Such other provisions as the applicants may choose to insert and as shall not be inconsistent with this article or with the laws of the state. The application shall be subscribed and sworn to by each of the applicants before an officer authorized by the law of the state to administer oaths. The Secretary of State shall examine the application, and if he finds that the name proposed in the application is not identical with that of a person or other corporation in the state or so nearly similar thereto as to lead to confusion and uncertainty, he shall receive the application and file it in an appropriate book or record in his office. (Acts 1984, No. 84-252, p. 405, §3.)
AL Code § 2-6-73 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-73 - Certificate of Incorporation; Fees.

Section 2-6-73Certificate of incorporation; fees. When the application has been made, filed and recorded as provided in this article, the applicants shall constitute a corporation under the name proposed in the application and with the powers set forth in this article. The Secretary of State shall make and issue to the applicants a certificate of incorporation, under the Great Seal of the State, reciting the fact of such incorporation and shall record the same with the application. There shall be no fees paid to the Secretary of State for any work in connection with the incorporation or dissolution of the corporation. (Acts 1984, No. 84-252, p. 405, §4.)
AL Code § 2-6-74 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-74 - Board of Directors; Officers; Quorum; Compensation; Record of Proceedings.

Section 2-6-74Board of directors; officers; quorum; compensation; record of proceedings. The powers of the corporation shall be vested in a board of directors consisting of the persons at any time holding the offices of Governor, Commissioner of Agriculture and Industries and Director of Finance. Any two members of the board of directors shall constitute a quorum for the transaction of business. No vacancy in the membership of the board of directors or the voluntary disqualification or abstention of any member thereof shall impair the right of a quorum of the board of directors to act. The corporation shall have a president, a vice-president and a secretary, who shall be elected by the board of directors from the members of the board, and a treasurer, who shall be the State Treasurer of the state. If it so desires, the board of directors may appoint an assistant secretary who need not be a member of the board of directors. The officers of the corporation shall hold their respective offices for such terms as the board of directors shall determine, subject to the requirement that the president, vice-president and secretary shall at all times be members of the board of directors. No officer or director of the corporation shall draw any salary for any services he may render or any duty he may perform as a director or officer of the corporation; provided, however, that directors and officers of the corporation may be reimbursed for their actual expenses properly incurred in the performance of their duties as directors or officers of the corporation. All proceedings of the board of directors shall be reduced to writing by the secretary of the corporation and recorded in a well-bound book. Copies of such proceedings, when certified by the secretary of the corporation under its seal, shall be received in all courts as evidence of the proceedings and other matters therein certified. (Acts 1984, No. 84-252, p. 405, §5.)
AL Code § 2-6-75 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-75 - Powers of Corporation - Generally.

Section 2-6-75Powers of corporation - Generally. The corporation shall have the following powers, together with all powers incidental thereto or necessary or convenient to the discharge thereof in corporate form: (1) To have succession by its corporate name until dissolved as provided in this article; (2) To sue and be sued and to prosecute and defend civil actions in any court having jurisdiction of the subject matter and of the parties; (3) To adopt and make use of a corporate seal and to alter the same at pleasure; (4) To make and alter all needful bylaws, rules and regulations for the transaction of the corporation's business and the control of its property and affairs; (5) To borrow money and, in evidence of such borrowing, to sell and issue its securities (whether or not bearing periodic interest) as herein provided for any corporate use or purpose; (6) To pledge for the payment of the principal of, premium, if any, and interest on such securities, any funds or revenues from which said securities may be made payable as herein provided; (7) To appoint, employ, discharge and contract with such employees, agents, independent contractors, trustees and depositories, attorneys, accountants, financial experts, underwriters, fiscal agents or other advisors as may in the judgment of the board of directors be necessary or desirable, and to fix and pay their compensation and expenses; and (8) To make and enter into such contracts, agreements and other actions as may be necessary or desirable to accomplish any corporate purpose and to exercise any power necessary for the accomplishment of the purposes of the corporation or incidental to the powers expressly set out herein. (Acts 1984, No. 84-252, p. 405, §6.)
AL Code § 2-6-77 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-77 - Powers of Corporation - Execution of Securities.

Section 2-6-77Powers of corporation - Execution of securities. All securities of the corporation shall be signed by its president or vice-president, and the seal of the corporation shall be affixed thereto and attested by its secretary. The signatures of the president, vice-president and secretary may be facsimile signatures and a facsimile of the seal of the corporation may be imprinted on the securities if the board of directors, in its proceedings with respect to issuance of such securities, provides for manual authentication of such securities by a trustee or paying agent or by named individuals who are employees of the state and who are assigned to the Finance Department or State Treasurer's office of the state. Delivery of securities so executed shall be valid notwithstanding any changes in officers or in the seal of the corporation after the signing and sealing of such securities. (Acts 1984, No. 84-252, p. 405, §8.)
AL Code § 2-6-79 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-79 - Construction of Market Facility.

Section 2-6-79Construction of market facility. The Board of Agriculture and Industries shall proceed with the acquisition, construction and equipping of the market facility as soon as may be practicable following the sale of the corporation's securities. Such acquisition, construction and equipping shall be done by the Board of Agriculture and Industries under the supervision of the Building Commission upon the award of a contract or contracts for each part of the work to the lowest responsible bidder after advertisement for and public opening of sealed bids; provided, that for the purpose of determining the lowest responsible bidder, the invitation for bids and the bidding documents shall be so arranged that alternates from the base bid shall constitute cumulative deductions from the base bid in the event such alternates should be selected. All such contracts shall be lump sum contracts and shall be awarded and executed by the Board of Agriculture and Industries to the respective lowest bidders following determination by the Building Commission of the lowest bidders. Payment made under any such contracts shall be only upon the contractor's written, verified statements when approved by the Building Commission or its agent, in such amounts as the Building Commission may approve as having been then earned under such contracts. The Building Commission shall be reimbursed for all reasonable direct costs incurred by it in connection with such acquisition, construction and equipping, including expenses and fees for the preparation of plans, specifications and contract documents and supervision and inspection of the work. Such plans and specifications may be revised and extras may be added to the contracts only when approved by the Building Commission and only to the extent that funds are available therefor. (Acts 1984, No. 84-252, p. 405, §10.)
AL Code § 2-6-80 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-80 - Renovation of Coliseum.

Section 2-6-80Renovation of coliseum. The Agricultural Center Board shall proceed with the renovation and repair of the coliseum as soon as may be practical following the sale of the corporation's securities. Such renovation and repair shall be done by the Agricultural Center Board under the supervision of the Building Commission upon the award of a contract or contracts for each part of the work to the lowest responsible bidder after advertisement for and public openings of sealed bids; provided, that for the purpose of determining the lowest responsible bidder, the invitation for bids and the bidding documents shall be so arranged that alternates from the base bid shall constitute cumulative deductions from the base bid in the event such alternates should be selected. All such contracts shall be lump sum contracts and shall be awarded and executed by the Agricultural Center Board to the respective lowest bidders following determination by the Building Commission of the lowest bidders. Payments made under any such contracts shall be only upon the contractor's written, verified statements when approved by the Building Commission or its agent, in such amounts as the Building Commission may approve as having been then earned under such contracts. The Building Commission shall be reimbursed for all reasonable direct costs incurred by it in connection with such acquisition, construction and equipping, including expenses and fees for the preparation of plans, specifications and contract documents and supervision and inspection of the work. Such plans and specifications may be revised and extras may be added to the contracts only when approved by the Building Commission and only to the extent that funds are available therefor. (Acts 1984, No. 84-252, p. 405, §11.)
AL Code § 2-6-81 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-81 - Refunding Securities.

Section 2-6-81Refunding securities. Any securities issued by the corporation may from time to time thereafter be refunded by the issuance of refunding securities of the corporation, but the amount of any refunding securities so issued shall not exceed the principal of the securities refunded thereby together with any unpaid interest thereon, any redemption premium thereon and any expenses of such refunding. Any such refunding securities may be issued regardless of whether the securities to be refunded shall have then matured or shall thereafter mature, and such refunding may be effected either by sale of the refunding securities and the application of the proceeds thereof to the payment or redemption of the securities so refunded or by exchange of the refunding securities for those to be refunded thereby; provided, that the holders of any securities so to be refunded shall not be compelled without their consent to surrender their securities for payment or exchange prior to the date on which they are payable or, if they are called for redemption, prior to the date on which they may be redeemed by the corporation according to their terms. Any refunding securities of the corporation shall be payable solely from and secured by the revenues out of which the securities to be refunded thereby were payable. The proceeds derived from any sale of refunding securities shall be applied to the purchase, redemption or payment of the securities refunded thereby. Pending the application of said proceeds to the purchase, redemption or payment of such outstanding securities, the said proceeds may be invested in eligible investments pursuant to an escrow or trust agreement providing for the future application of such proceeds to the purchase, redemption or payment of such outstanding securities. (Acts 1984, No. 84-252, p. 405, §12.)
AL Code § 2-6-82 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-82 - State Treasurer to Pay Principal and Interest.

Section 2-6-82State Treasurer to pay principal and interest. The State Treasurer is authorized and directed to pay the principal of, premium, if any, and interest on the securities of the corporation as the said principal, premium and interest shall respectively mature and become payable, but only from the sources herein provided. (Acts 1984, No. 84-252, p. 405, §13.)
AL Code § 2-6-83 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-83 - Notice of Resolution Regarding Issuance of Securities; Limitation of Actions to Contest Validity of Securities; Venue of Actions Under Article.

Section 2-6-83Notice of resolution regarding issuance of securities; limitation of actions to contest validity of securities; venue of actions under article. Upon the adoption by the board of directors of the corporation of any resolution providing for the issuance of securities under the provisions of this article, the corporation may, in its discretion, cause to be published once a week for two consecutive weeks in a newspaper published and having general circulation in the City of Montgomery, a notice in substantially the following form (the blanks being first properly completed): “The Alabama Agricultural Markets and Coliseum Corporation (an instrumentality of the State of Alabama), on the _____ day of ______, authorized the issuance of $_____ principal amount of securities of the said corporation for purposes authorized in the act of the Legislature of Alabama under which said corporation was organized. Any action or proceeding questioning the validity of the said securities or the pledge of security made therefor or the proceedings under which the said securities and pledge are authorized must be commenced within 20 days after the first publication of this notice.  ALABAMA AGRICULTURAL MARKETS AND COLISEUM CORPORATION By _______________________________ Its President" Any civil action or proceeding in any court to set aside the proceedings for the issuance of securities under the provisions of this article or to contest the validity of any such securities or the validity of the pledge made therefor must be commenced within 20 days after the first publication of the said notice. After the expiration of the said period, no right of action or defense founded upon the validity of the said proceedings or of the said securities or pledge shall be asserted nor shall the validity of the said proceedings, securities or pledge be open to question in any court on any ground whatsoever except in a civil action commenced within such period. Any such civil action or any civil action to protect or enforce any rights under the provisions of this article shall be brought in the Circuit Court of Montgomery County. (Acts 1984, No. 84-252, p. 405, §14.)
AL Code § 2-6-84 (2021)
2021 Code of Alabama|Title 2 - Agriculture.|Chapter 6 - Agricultural Center.|Article 4 - Alabama Agricultural Markets and Coliseum Corporation.|Section 2-6-84 - Securities as Legal Investments.

Section 2-6-84Securities as legal investments. Securities issued by the corporation under the provisions of this article shall be legal investments for fiduciaries investing trust funds and for investments by savings banks, savings and loan associations and insurance companies organized under the laws of the state and shall be eligible to be used as security for the deposit of funds of the state and its instrumentalities. (Acts 1984, No. 84-252, p. 405, §15.)