reglab/housing_qa huggingface dataset:
AL Code § 11-20-30 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-30 - Definitions.

Section 11-20-30Definitions. Whenever used in this article, unless a different meaning clearly appears in the context, the following terms, whether used in the singular or plural, shall be given the following respective interpretations: (1) CORPORATION. Any corporation organized pursuant to the provisions of this article. (2) COUNTY. Any county in this state with respect to which a corporation may be organized. (3) GOVERNING BODY. The commission of the county. (4) MORTGAGE. A mortgage or a mortgage and deed of trust or a trust indenture. (5) PROJECT. Any land and any building or other improvement thereon and all real and personal properties deemed necessary in connection therewith, whether or not now in existence, which shall be suitable for use by the following or by any combination of two or more thereof: a. Any industry for the manufacturing, processing or assembling of any agricultural, manufactured or mineral products; b. Any commercial enterprise in storing, warehousing, distributing or selling any product of agriculture, mining or industry; and c. Any enterprise for the purpose of research, but does not include facilities designed for the sale or distribution to the public of electricity, gas, water or telephones or other services commonly classified as public utilities. A project may consist of or include any land, building, structure, improvement, machinery, equipment, facility or real or personal property or any combination thereof which the board of directors of the corporation may deem necessary or appropriate for use by any industry or enterprise of the character described in the first sentence of this subdivision, including, without limiting the generality of the foregoing, office facilities designed for use by any such industry or enterprise in the management and supervision of its manufacturing, processing, assembling, storing, warehousing, distributing, selling or research operations, wherever located, and facilities for, or useful in, the control, reduction, abatement, or prevention of pollution of air or water or both. (Acts 1977, No. 762, p. 1310, §2.)
AL Code § 11-20-31 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-31 - Legislative Intent; Construction of Article Generally.

Section 11-20-31Legislative intent; construction of article generally. (a) It is the intent of the Legislature by the passage of this article to authorize the incorporation in the several counties in this state of public corporations to acquire, enlarge, improve, replace, own, lease and dispose of properties to the end that such corporations may be able to promote industry, develop trade and further the use of the agricultural products and natural and human resources of this state and the development and preservation of the said resources. It is the further intent of the Legislature by the passage of this article to vest such public corporations with all powers that may be necessary to enable them to accomplish such purposes. It is not intended hereby that any such corporation shall itself be authorized to operate any manufacturing, industrial, commercial or research enterprise. (b) This article shall be liberally construed in conformity with the said intention. (Acts 1977, No. 762, p. 1310, §1.)
AL Code § 11-20-32 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-32 - Application for Authority to Incorporate; Adoption, etc., of Resolution by Governing Body Authorizing Incorporation; Incorporation of More Than One Corporation.

Section 11-20-32Application for authority to incorporate; adoption, etc., of resolution by governing body authorizing incorporation; incorporation of more than one corporation. Whenever any number of natural persons, not less than three, shall file with the governing body of any county of this state an application in writing for authority to incorporate in such county a public corporation under the provisions of this article, and if it shall be made to appear to such governing body that each of said persons is a duly qualified elector of and owner of property in said county and if the governing body of said county shall adopt a resolution which shall be duly entered upon the minutes of such governing body wherein it shall be found and determined that it is wise, expedient, necessary or advisable that such a corporation be formed and that the persons filing said application shall be authorized to proceed to form such corporation, then said persons shall proceed to organize such corporation by executing, acknowledging and filing a certificate of incorporation as provided in this article. No corporation shall be formed under this article unless the application provided for in this section shall be made and unless the resolution provided for in this section shall be adopted. The granting of authority for the incorporation of one public corporation under this article shall not preclude the granting of authority by the governing body of the same county for the incorporation of other public corporations under this article; provided, that such other public corporations shall be required to adopt a name or designation sufficient to distinguish them from any public corporation theretofore incorporated by such county under this article. (Acts 1977, No. 762, p. 1310, §3.)
AL Code § 11-20-33 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-33 - Certificate of Incorporation - Contents; Execution and Acknowledgment.

Section 11-20-33Certificate 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; (6) The number of directors of the corporation (which shall be not less than three); (7) The period, if any, for the duration of the corporation (if the duration is perpetual, the fact should be stated); and (8) Any other matter which the applicants may choose to insert therein which shall not be inconsistent with this article or with the laws of the state of Alabama. (b) The certificate of incorporation shall be subscribed and acknowledged by each of the applicants before an officer authorized by the laws of Alabama to take acknowledgments to deeds. (Acts 1977, No. 762, p. 1310, §4.)
AL Code § 11-20-34 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-34 - Certificate of Incorporation - Filing With Probate Judge; Examination, Approval, and Recordation by Probate Judge.

Section 11-20-34Certificate of incorporation - Filing with probate judge; examination, approval, and recordation by probate judge. When executed and acknowledged in conformity with Section 11-20-33, the certificate of incorporation shall be filed with the judge of probate of the county. The judge of probate shall thereupon examine the certificate of incorporation and, if he finds that the recitals contained therein are correct, that the requirements of Section 11-20-33 have been complied with and that the name is not identical with or so nearly similar to that of another corporation already in existence in this state as to lead to confusion and uncertainty, he shall approve the certificate of incorporation and record it in an appropriate book or record in his office. The recording of the certificate shall constitute the findings and approval required by the preceding sentence. When such certificate has been so made and filed, the applicants shall constitute a public corporation under the name set out in the certificate of incorporation. (Acts 1977, No. 762, p. 1310, §5.)
AL Code § 11-20-35 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-35 - Certificate of Incorporation - Amendment.

Section 11-20-35Certificate of incorporation - Amendment. If any corporation formed under this article has accidentally or inadvertently failed to comply with the requirements of this article in its organization, such omission or defect may be corrected by filing an amendment as provided in this section. The certificate of incorporation of any corporation formed under this article may also at any time and from time to time be amended so as to make any changes therein and add any provisions thereto which might have been included in the certificate of incorporation in the first instance. Any such amendment shall be effected in the following manner: The board of directors of the corporation shall adopt a resolution proposing such amendment to the certificate of incorporation. The chairman of the board of directors of the corporation shall file with the governing body of the county an application in writing seeking permission to amend the certificate of incorporation, specifying in such application the amendment proposed to be made, which amendment shall be that set forth in the resolution adopted by the board of directors of the corporation. Such governing body shall consider such application and, if it shall by appropriate resolution duly find and determine that it is wise, expedient, necessary or advisable that the proposed amendment be made and shall approve the form of the proposed amendment and shall authorize the amendment to be made, then the chairman of the board of directors of the corporation making such application shall execute an instrument embodying the amendment specified in such application and shall file the same with the judge of probate of the county. The proposed amendment shall be subscribed and acknowledged by the chairman of the board of directors of the corporation and its secretary before an officer authorized by the laws of Alabama to take acknowledgments to deeds. Such judge of probate shall thereupon examine the proposed amendment and, if he finds that the requirements of this section have been complied with and the proposed amendment is within the scope of what might be included in an original certificate of incorporation, he shall approve the amendment and record it in an appropriate book in his office. The recording of the amendment shall constitute the findings and approval required by the preceding sentence. When such amendment has been so made and filed, it shall thereupon become effective and the certificate of incorporation shall thereupon be amended to the extent provided in the amendment. (Acts 1977, No. 762, p. 1310, §6.)
AL Code § 11-20-36 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-36 - Board of Directors.

Section 11-20-36Board of directors. The corporation shall have a board of directors in which all powers of the corporation shall be vested and which shall consist of any number of directors, not less than three, all of whom shall be duly qualified electors of and taxpayers in the county. The directors shall serve as such without compensation except that they shall be reimbursed for their actual expenses incurred in and about the performance of their duties under this article. No more than one director shall be an officer or employee of the county, and in no event shall a judge of probate serve as such director. The directors shall be elected by the governing body of the county and they shall be so elected that they shall hold office for staggered terms. At the time of the election of the first board of directors, the governing body of the county shall divide the directors into three groups containing as nearly equal whole numbers as may be possible. The first term of the directors included in the first group shall be two years, the first term of the directors included in the second group shall be four years, the first term of the directors included in the third group shall be six years and thereafter the terms of all directors shall be six years; provided, that if at the expiration of any term of office of any director a successor thereto shall not have been elected, then the director whose term of office shall have expired shall continue to hold office until his successor shall be so elected. Any meeting held by the board of directors for any purpose whatsoever shall be open to the public. (Acts 1977, No. 762, p. 1310, §7; Acts 1985, 2nd Ex. Sess., No. 85-986, p. 332.)
AL Code § 11-20-39 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-39 - Bonds - Security for Payment of Principal and Interest; Remedies Upon Default.

Section 11-20-39Bonds - Security for payment of principal and interest; remedies upon default. The principal of and interest on any bonds issued by the corporation 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 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 may contain any agreements and provisions respecting the maintenance of the projects covered thereby, the fixing and collection of fees, rates, tolls and charges for the services, facilities and accommodations furnished by the corporation and of the rents for any portions thereof leased by the corporation to others, the creation and maintenance of special funds from such revenues and the rights and remedies available in the event of default, all as the board of directors shall deem advisable and which are not in conflict with the provisions of this article. In the event of default in such payment or in any agreements of the corporation made as a part of the contract under which the bonds were issued, whether contained in the proceedings authorizing the bonds or in any mortgage executed as security therefor, such payment or agreement may be enforced by mandamus, the appointment of a receiver or by foreclosure of any such mortgage or any one or more of said remedies. (Acts 1977, No. 762, p. 1310, §10.)
AL Code § 11-20-40 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-40 - Bonds - Notice of Resolution Authorizing Issuance of Bonds; Limitation Period for Actions, etc., as to Validity of Proceedings for Issuance of Bonds, Etc.

Section 11-20-40Bonds - Notice of resolution authorizing issuance of bonds; limitation period for actions, etc., as to validity of proceedings for issuance of bonds, etc. Upon the adoption by the board of directors of any resolution providing for the issuance of bonds, the corporation may, in its discretion, cause to be published once a week for two consecutive weeks, in a newspaper published in the county a notice in substantially the following form (the blanks being properly filled in) at the end of which shall be printed the name and title of either the chairman or secretary of the corporation: "_____, a public corporation under the laws of the State of Alabama, on the ___ day of _____, authorized the issuance of $_____ principal amount of revenue bonds of the said corporation for purposes authorized in the act of the Legislature of Alabama under which the said corporation was organized. Any action or proceeding questioning the validity of the said bonds, the pledge and mortgage to secure the same, any lease or sale of the project to be financed by said bonds, or the proceedings authorizing the same must be commenced within 20 days after the first publication of this notice." Any action or proceeding in any court to set aside or question the proceedings for the issuance of the bonds referred to in said notice or to contest the validity of such bonds or the validity of the pledge and mortgage made therefor or the lease or sale of the project to be financed by said bonds must be commenced within 20 days after the first publication of such notice. After the expiration of the said period, no right of action or defense questioning or attacking the validity of the said proceedings or of the said bonds or the said pledge or mortgage or the lease or sale of the project to be financed by said bonds shall be asserted, nor shall the validity of the said proceedings or of the said bonds or the said pledge or mortgage or the lease or sale of the project to be financed by said bonds be open to question in any court on any ground whatsoever except in an action or proceeding commenced within such period. (Acts 1977, No. 762, p. 1310, §11.)
AL Code § 11-20-41 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-41 - Borrowing of Money for Temporary Use and Issuance of Temporary Revenue Bonds or Notes as Evidence Thereof.

Section 11-20-41Borrowing of money for temporary use and issuance of temporary revenue bonds or notes as evidence thereof. The corporation may, in addition to the other powers granted in this article, borrow money for temporary use for any of its corporate purposes and in evidence of such borrowing issue from time to time revenue bonds or notes maturing not later than three years from the date of issuance. Any such temporary borrowing may be made in anticipation of the sale and issuance of long term revenue bonds, and in such event the principal proceeds from the sale of such long term revenue bonds shall, to the extent necessary, be used for payment of the principal of and the interest on the temporary revenue bonds or notes issued in anticipation of the sale and issuance of such long term revenue bonds. (Acts 1977, No. 762, p. 1310, §12.)
AL Code § 11-20-42 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-42 - Liability of County Upon Bonds, Obligations, Agreements, etc., of Corporations.

Section 11-20-42Liability of county upon bonds, obligations, agreements, etc., of corporations. The county shall not in any event be liable for the payment of the principal of or interest on any bonds of the corporation or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever which may be undertaken by the corporation, and none of the bonds of the corporation or any of its agreements or obligations shall be construed to constitute an indebtedness of the county within the meaning of any constitutional or statutory provision whatsoever. (Acts 1977, No. 762, p. 1310, §15.)
AL Code § 11-20-43 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-43 - Disposition of Net Earnings.

Section 11-20-43Disposition of net earnings. The corporation shall be a nonprofit corporation and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm or corporation; except, that in the event the board of directors of the corporation shall determine that sufficient provision has been made for the full payment of expenses, bonds and other obligations of the corporation, then any net earnings of the corporation thereafter accruing shall, at the option of the board of directors, be used to pay the cost of extensions and improvements to any of its projects or paid to the county with respect to which the corporation was organized. (Acts 1977, No. 762, p. 1310, §16.)
AL Code § 11-20-44 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 1 - Provisions Applicable to Counties Only.|Chapter 20 - Promotion of Industry and Trade.|Article 2 - Industrial Development Boards.|Section 11-20-44 - Conveyances, etc., of Assets to Corporations by Other Public Corporations; Assumption of Obligations or Indebtedness of Corporations Making Conveyances, Etc.

Section 11-20-44Conveyances, etc., of assets to corporations by other public corporations; assumption of obligations or indebtedness of corporations making conveyances, etc. Any public corporation organized pursuant to the provisions of any other law of this state may, either with or without the payment of pecuniary consideration, transfer, assign or convey all or any part of its assets, including, but without limitation, land, interests in land, improvements, buildings, structures, roads, utility facilities, cash and any facilities which would be a part of a project, to any corporation organized pursuant to the provisions of this article, and any corporation so organized under the provisions of this article is authorized to assume any obligation or indebtedness of any such other public corporation making such a conveyance, transfer or assignment, provided such indebtedness is payable solely out of the revenues and income of a project or of the facilities and assets so transferred, assigned or conveyed. (Acts 1977, No. 762, p. 1310, §21.)