reglab/housing_qa huggingface dataset:
AL Code § 11-54-85 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-85 - Certificate of Incorporation - Amendment.

Section 11-54-85Certificate of incorporation - Amendment. The certificate of incorporation may 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 members of the board of directors of the board shall file with the governing body of the municipality an application in writing seeking permission to amend the certificate of incorporation, specifying in such application the amendment proposed to be made. 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 authorize the same to be made and shall approve the form of the proposed amendment, then the persons 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 in which the certificate of incorporation was originally filed. The proposed amendment shall be subscribed and acknowledged by each member of the board of directors 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. When such amendment has been so made, filed, and approved, it shall thereupon become effective, and the certificate of incorporation shall thereupon be amended to the extent provided in the amendment. No certificate of incorporation shall be amended except in the manner provided in this section. (Acts 1949, No. 648, p. 991, §6.)
AL Code § 11-54-86 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-86 - Board of Directors.

Section 11-54-86Board of directors. The industrial development board shall have a board of directors in which all powers of the board shall be vested and which shall consist of any number of directors, not less than seven, five of whom shall be duly qualified electors of and taxpayers in the municipality. At the discretion of the municipal governing body, all of the remaining members shall be qualified electors and taxpayers of the municipality, or up to two of the remaining members may be qualified electors and taxpayers in the area outside of the corporate limits of the municipality where a project may be located. The directors shall serve 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 director shall be an officer or employee of the municipality. The directors shall be elected by the governing body of the municipality, 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 municipality 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 or her successor shall be so elected. If at the time of the election of any directors there shall be in existence in the municipality a chamber of commerce, board of trade, or other similar civic organization, the directors elected shall be chosen by the governing body from the membership of any one or more of such organizations, unless in the judgment of the governing body there are no members of such organizations who are both suitable and available to serve as directors of the industrial development board. (Acts 1949, No. 648, p. 991, §7; Act 2009-222, p. 399, §1.)
AL Code § 11-54-90 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-90 - Bonds - Security for Payment of Principal and Interest; Remedies Upon Default.

Section 11-54-90Bonds - 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 conflict with the provisions of this division. Each pledge, agreement, mortgage and deed of trust made for the benefit of security of any of the bonds of the board shall continue effective until the principal of and interest on the bonds for the benefit of which the same were made shall have been fully paid. In the event of default in such payment or in any agreements of the board 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 and deed of trust executed as security therefor, may be enforced by mandamus, the appointment of a receiver or by foreclosure of any such mortgage and deed of trust or any one or more of said remedies. (Acts 1949, No. 648, p. 991, §10.)
AL Code § 11-54-91 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-91 - Borrowing of Money for Temporary Use and Issuance of Temporary Revenue Bonds as Evidence Thereof.

Section 11-54-91Borrowing of money for temporary use and issuance of temporary revenue bonds as evidence thereof. (a) Any industrial development board organized under the provisions of this division, as amended, may, in addition to the other powers granted in the other provisions of this division, 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 18 months from the date of issuance. (b) 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. (c) Any such temporary borrowing may also be made with respect to a project (as that term is defined in this article, as amended) simultaneously with or after the sale and issuance of long-term revenue bonds issued with respect to such project if, under the terms of the proceedings under which such long-term revenue bonds are issued, the proceeds therefrom or any part thereof may not be used or released until completion of the project with respect to which issued or other similar contingency. In such case, the principal proceeds from the long-term revenue bonds shall, when released and to the extent necessary, be applied for payment of the principal of and the interest on such temporary revenue bonds or notes. (d) Any temporary bonds or notes issued pursuant to this section may be refunded or renewed or extended for an additional period of not more than 18 months from the date of maturity of the temporary bonds or notes being refunded or renewed or extended, but otherwise pursuant to all of the terms and conditions of this section, whether or not the project with respect to which the outstanding temporary revenue bonds or notes were issued has been completed. (Acts 1963, No. 90, p. 474; Acts 1975, 4th Ex. Sess., No. 88, p. 2754, §1.)
AL Code § 11-54-92 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-92 - Liability of Municipalities Upon Bonds, Agreements, Obligations, etc., of Boards.

Section 11-54-92Liability of municipalities upon bonds, agreements, obligations, etc., of boards. The municipality shall not in any event be liable for the payment of the principal of or interest on any bonds of the industrial development board or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever which may be undertaken by the board, and none of the bonds of the board or any of its agreements or obligations shall be construed to constitute an indebtedness of the municipality within the meaning of any constitutional or statutory provision whatsoever. (Acts 1949, No. 648, p. 991, §12.)
AL Code § 11-54-93 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-93 - Disposition of Net Earnings of Boards.

Section 11-54-93Disposition of net earnings of boards. The industrial development board shall be a nonprofit corporation, and no part of its net earnings remaining after payment of its expenses shall enure to the benefit of any individual, firm, or corporation; except, that in the event the board of directors of the board shall determine that sufficient provision has been made for the full payment of the expenses, bonds, and other obligations of the board, then any net earnings of the corporation thereafter accruing shall be paid to the municipality with respect to which the board was organized. (Acts 1949, No. 648, p. 991, §13.)
AL Code § 11-54-94 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-94 - Authority and Procedure for Dissolution of Boards; Vesting of Title to Funds and Properties Thereof in Municipalities Upon Dissolution.

Section 11-54-94Authority and procedure for dissolution of boards; vesting of title to funds and properties thereof in municipalities upon dissolution. Whenever the board of directors of the industrial development board shall by resolution determine that the purposes for which the board was formed have been substantially complied with and all bonds theretofore issued and all obligations theretofore incurred by the board have been fully paid, the members of the board of directors of the board shall thereupon execute and file for record in the office of the judge of probate of the county in which the board is organized a certificate of dissolution reciting such facts and declaring the board to be dissolved. Such certificate of dissolution shall be executed under the corporate seal of the board. Upon the filing of such certificate of dissolution, the board shall stand dissolved, the title to all funds and properties owned by it at the time of such dissolution shall vest in the municipality, and possession of such funds and properties shall forthwith be delivered to such municipality. (Acts 1949, No. 648, p. 991, §14.)
AL Code § 11-54-95 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-95 - Documents of Boards May Be Filed for Record Without Payment of Taxes or Certain Fees.

Section 11-54-95Documents of boards may be filed for record without payment of taxes or certain fees. The certificate of incorporation of the industrial development board, any deeds or other documents whereby properties are conveyed to the board, any mortgages or deeds of trust executed by the board, any leases or agreements or contracts of sale made by the board, any deeds or other documents whereby properties are conveyed by the board to another pursuant to a contractual obligation of the board or as a result of the exercise of an option theretofore granted by the board, and the certificate of dissolution of the board may all be filed for record in the office of the judge of probate of the county in which the board is organized or any county in which any property involved is located without the payment of any tax or fees other than such fees as may be authorized by law for the recording of such instruments. (Acts 1949, No. 648, p. 991, §15; Acts 1953, No. 854, p. 1144, §2; Acts 1982, No. 82-432, p. 682.)
AL Code § 11-54-96 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-96 - Exemptions of Boards - Taxation.

Section 11-54-96Exemptions of boards - Taxation. The industrial development board and all properties at any time owned by it and the income therefrom and all bonds issued by it and the income therefrom shall be exempt from all taxation in the State of Alabama. (Acts 1949, No. 648, p. 991, §11.)
AL Code § 11-54-96.1 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-96.1 - Ad Valorem Taxes Required of Hotels, etc., Built Under Section 11-54-80.

Section 11-54-96.1Ad valorem taxes required of hotels, etc., built under Section 11-54-80. All hotels and motor inns built under Section 11-54-80 shall not be exempt from ad valorem taxes. (Acts 1983, 2nd Ex. Sess., No. 83-199, p. 372, §3.)
AL Code § 11-54-97 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-97 - Exemption of Boards - Usury and Interest Laws.

Section 11-54-97Exemption of boards - Usury and interest laws. Each industrial development board now or hereafter organized under the provisions of this division 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 1969, No. 1150, p. 2157.)
AL Code § 11-54-98 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-98 - Exemption of Boards - Competitive Bid Laws.

Section 11-54-98Exemption of boards - Competitive bid laws. The industrial development board and all contracts made by it shall be exempt from the provisions and requirements of Sections 41-16-50 through 41-16-63, which provide for competitive bids in connection with certain contracts. (Acts 1971, No. 48, p. 297, §3.)
AL Code § 11-54-99 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-99 - Validation of Attempted Incorporation of Certain Industrial Development Boards.

Section 11-54-99Validation of attempted incorporation of certain industrial development boards. In all cases where there has heretofore been an attempt to incorporate a municipal industrial development board under the provisions of this article and a certificate of incorporation with respect to such board has been filed in the office of the judge of probate of the county in which such board was sought to be incorporated, but the attempted incorporation is invalid because of some irregularity in the procedure followed, the attempted incorporation of such industrial development board with respect to which such a certificate of incorporation has been filed shall be and hereby is validated ab initio, notwithstanding any irregularity in the procedure for the incorporation of such board, including without limiting the generality of the foregoing: (1) The failure of the judge of probate in whose office such certificate of incorporation was filed to examine such certificate of incorporation; (2) The failure of such judge of probate to find or make an order that a. The recitals contained in the certificate of incorporation were correct; b. The requirements of Section 11-54-83 were complied with; or, c. The name of such board was not identical with or so nearly similar to that of another corporation already in existence in this state as to lead to confusion or uncertainty. (3) The failure of such judge of probate to approve such certificate of incorporation or make an order so approving it; and (4) The organization in a municipality, prior to January 1, 1967, of a second industrial development board subsequent to the organization of a previous validly incorporated industrial development board. (Acts 1957, No. 484, p. 669; Acts 1967, No. 516, p. 1240.)
AL Code § 11-54-100 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-100 - Construction of Division.

Section 11-54-100Construction of division. (a) Neither this division nor anything contained in this division shall be construed as a restriction or limitation upon any powers which the industrial development board might otherwise have under any laws of this state, but shall be construed as cumulative of any such powers. (b) No proceedings, notice, or approval shall be required for the organization of the board or the issuance of any bonds or any instrument as security therefor, except as is provided in this division, any other law to the contrary notwithstanding; provided, that nothing in this division shall be construed to deprive the state and its governmental subdivisions of their respective police powers over any properties of the board or to impair any power thereover of any official or agency of the state and its governmental subdivisions which may be otherwise provided by law. (Acts 1949, No. 649, p. 998, §16.)
AL Code § 11-54-101 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 4 - Industrial Development Boards.|Division 1 - General Provisions.|Section 11-54-101 - Powers Cumulative; Administrative Fees.

Section 11-54-101Powers cumulative; administrative fees. (a) The powers conferred by this division shall be cumulative of and in addition to all powers heretofore conferred on industrial development boards by the Industrial Development Board Act. (b) In addition to any other powers conferred by this division, in order to encourage economic and industrial development and to promote the creation of jobs within any Class 1 municipality, any industrial development board in a Class 1 municipality whose directors are elected by the governing body of the Class 1 municipality that grants a tax abatement pursuant to Chapter 9B of Title 40, may charge an administrative fee in an amount not to exceed .0025 percent of the total estimated investment amount for the project up to an estimated investment amount of forty million dollars ($40,000,000) as reflected in the application for abatement of taxes submitted to a board by a private entity, business, or other private user, as defined in Section 40-9B-3. Notwithstanding any other provision of law, an administrative fee received pursuant to this subsection shall be retained and used by the board for economic or industrial development data mining; data-driven economic or industrial development projects; the location, development, or acquisition of potential industrial sites or industrial parks; and for other lawful purposes for which the industrial development board is authorized to use funds pursuant to this division. (Acts 1971, No. 1893, p. 3082, §4; Act 2019-321, §2.)