reglab/housing_qa huggingface dataset:
AL Code § 11-61A-2 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-2 - Definitions.

Section 11-61A-2Definitions. Unless the context plainly indicates otherwise, the following words and terms have the meanings ascribed to them: (1) AUTHORITY. A public corporation organized under this chapter. (2) BOARD. The board of directors of an authority organized under this chapter. (3) BOND. Any bond authorized to be issued under this chapter. (4) COUPON. Any interest coupon evidencing an installment of interest payable with respect to a bond. (5) DIRECTOR. A member of a board. (6) GOVERNING BODY. The body in which the general legislative powers of the municipality are vested. (7) INDENTURE. A mortgage, an indenture of mortgage, deed of trust, trust agreement, or trust indenture executed by an authority as security for its bonds. (8) MUNICIPALITY. A Class 2 municipality subject to this chapter. (9) PARKING FACILITY. Any building, structure, land, right-of-way, equipment, or instrumentality used or useful in either of the following ways: a. In connection with the construction, enlargement, development, maintenance, or operation of an area or building for off-street or on-street parking of motor vehicles. b. In connection with the exercise of any power of the authority. (10) STATE. The State of Alabama. (Acts 1994, No. 94-254, p. 470, §2.)
AL Code § 11-61A-3 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-3 - Application for Permission to Incorporate.

Section 11-61A-3Application for permission to incorporate. A municipal parking authority may be organized as a public corporation in any Class 2 municipality of the state. Three or more natural persons may file with the governing body of the municipality an application in writing for permission to incorporate a public corporation to function as a municipal parking authority. The applicants shall attach to the application a proposed form of certificate of incorporation for the corporation. If the governing body receiving the application adopts a resolution approving the form of the certificate of incorporation and authorizing the formation of a public corporation, the applicants shall become the incorporators. The resolution does not have to be published or posted. The applicants shall incorporate the authority as a public corporation as provided in this chapter. (Acts 1994, No. 94-254, p. 470, §3.)
AL Code § 11-61A-4 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-4 - Certificate of Incorporation.

Section 11-61A-4Certificate of incorporation. The certificate of incorporation of the authority shall state all of the following: (1) The name of each person forming the authority, the residence of each person, a statement that each person is a duly qualified elector of the municipality, and a statement that each is the owner of property in the municipality. (2) The name of the authority (which shall include the words "Parking Authority"). (3) The duration that the authority will exist. If the duration is to be perpetual, that fact shall be stated. (4) The name of the municipality authorizing the incorporation of the authority and the date the authorization was granted. (5) The proposed location of the principal office of the authority, which shall be within the boundaries of the municipality. (6) Any other matters that are not inconsistent with this chapter or other laws of the state that the authority chooses to insert. (Acts 1994, No. 94-254, p. 470, §4.)
AL Code § 11-61A-5 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-5 - Attachments to Certificate.

Section 11-61A-5Attachments to certificate. (a) The certificate of incorporation of the authority shall be signed and acknowledged by the incorporators before an officer authorized by the laws of the state to take acknowledgments to deeds. (b) The certificate shall have each of the following attached: (1) A certified copy of the resolution required in Section 11-61A-3. (2) A certificate by the Secretary of State that the name proposed for the authority is not identical to that of any other corporation organized under the laws of the state or so nearly similar as to lead to confusion and uncertainty. (c) The incorporators shall file the certificate of incorporation of the authority, together with the attachments in the office of the judge of probate of the county in which the principal office of the authority is located. The judge of probate shall immediately receive and record the certificate and attachments. (d) When the certificate of incorporation and attachments have been filed, the authority shall come into existence and shall constitute a public corporation under the name set forth in the certificate. The authority shall be vested with the rights and powers granted in this chapter. (Acts 1994, No. 94-254, p. 470, §5.)
AL Code § 11-61A-6 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-6 - Changes and Amendments.

Section 11-61A-6Changes and amendments. (a) The board, by resolution, may change the name of the authority and may amend the certificate of incorporation if each of the following requirements are satisfied: (1) The governing body adopts a resolution that is entered upon the minutes of the body approving the change of name or amendment of the certificate. (2) If the board adopts a resolution changing the name of the authority, the board shall obtain from the Secretary of State a certificate stating that the change of name is not identical to that of any other corporation in the state or so nearly similar as to lead to confusion and uncertainty. (b) The board shall file in the office of the judge of probate of the county in which the principal office of the authority is located each of the following: (1) The resolution of the board changing the name of the authority or amending the certificate. (2) A certified copy of the resolution of the governing body approving the action of the board. (3) The required certificate prepared by the Secretary of State when the name of the authority is changed. (c) The changes contained in the resolution of the board shall become effective at the time of filing. (Acts 1994, No. 94-254, p. 470, §6.)
AL Code § 11-61A-7 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-7 - Board of Directors.

Section 11-61A-7Board of directors. (a) The authority shall be governed by a board of directors of seven members. The board shall be elected by the governing body of the municipality. Each member of the board shall be a qualified elector of the municipality. No elected official of the state, of a county, or a municipality shall, while holding office, be eligible to serve as a director. The directorships shall be numbered one to seven, inclusive. The initial term for directorships one and two shall be two years. The initial term for directorships three and four shall be three years. The initial term for directorships five, six, and seven shall be four years. The initial terms shall commence April 1, 1994. All subsequent terms of directorships shall be for four years. (b) If a directorship is vacant, a successor shall be elected by the governing body to serve the remainder of the unexpired term. Directors shall be eligible for reelection. (c) A majority of the 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 shall impair the right of a quorum to exercise all the powers and duties of the authority. (d) A meeting of the board may be adjourned from time to time by a majority of the directors present or may be adjourned by a single director if the director is the only director present at the meeting. (e) The board of directors shall hold regular meetings on the second Tuesday in each month and at other times as may be provided in the bylaws of the authority. A special meeting of the board may be held upon call of the chair of the authority or any four directors. Any matter on which the board of directors is authorized to act may be acted upon at any regular, special, or called meeting. (f) At the request of any director, the vote on any question before the board shall be taken by yeas and nays and entered upon the record. (g) All proceedings of the board shall be reduced to writing by the secretary of the authority, recorded in a well-bound book and may be inspected by each director and by the public during business hours. Copies of the proceedings, when certified by the secretary of the authority under its seal, shall be received in all courts as evidence of the matters and things certified. (h) Each director shall receive fifty dollars ($50) for each regular or special meeting of the board attended. No director shall receive more than one hundred dollars ($100) in any one month for attending meetings. Each director shall be reimbursed for expenses actually incurred in the performance of duties. Compensation and expenses shall be paid from funds of the authority. (i) The governing body may remove a director from office in the same manner and for the same reasons as provided by law for removal of officers appointed by the city council. (Acts 1994, No. 94-254, p. 470, §7.)
AL Code § 11-61A-8 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-8 - Officers.

Section 11-61A-8Officers. The board shall elect a chair, a vice-chair, a secretary, a treasurer, and other necessary officers to accomplish the purposes of the authority. The tenure of service as chair, vice-chair, and secretary shall be one year. The tenure of service as treasurer and other officers shall be determined by the board. Subject to the certificate of incorporation, the authority may employ all necessary personnel and set the terms and conditions of their employment. The duties of the chair, vice-chair, secretary, and treasurer shall be the same as are customarily performed by those officers and as may be prescribed by the board. The duties of any other officer of the authority shall be prescribed by the board. (Acts 1994, No. 94-254, p. 470, §8.)
AL Code § 11-61A-10 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-10 - Operation of the Facility.

Section 11-61A-10Operation of the facility. (a) As used in this section, the word "person" means a natural person, a corporation, a partnership, or an unincorporated association. (b) The authority shall carefully consider and decide whether it is in the public interest for the authority to operate the facility, enter into a contract with a person to operate the facility for the authority, or lease the facility. The authority shall consider all the following factors in making this determination: (1) The relative efficiency of the alternate operations. (2) The relative economy of the alternate operations. (3) The overall advantage and benefit to the authority and the public of the alternate operations. In order to make this determination, the authority shall ascertain each of the following: (1) The amount necessary in each year to pay the principal and interest on the bonds proposed to be issued to finance the parking facility. (2) The amount necessary to be paid each year to any reserve fund which the board deems advisable to establish in connection with the retirement of the bonds and the maintenance of the parking facility or facilities. (3) Unless the terms under which the project is to be leased provide that the lessee shall maintain the project and carry all proper insurance, including liability insurance, the estimated cost of maintaining the parking facility in good repair and keeping it properly insured. (c) The board may not enter into any lease of the parking facility unless the lease provides for both of the following: (1) The lessee to pay to the authority a sufficient amount to meet the amortization requirements during the term of the lease. (2) The lessee to pay the cost of keeping the parking facility in good repair and properly insured. These requirements shall not apply if the lease obligates the lessee, at lessee's expense, to keep the facility in good repair and properly insured. (d) The lease agreement may, at the discretion of the board, contain provisions describing minimum operating hours, maximum charges to be collected by the lessee, and other terms the lessee will be required to observe in operating the parking facility. (Acts 1994, No. 94-254, p. 470, §10.)
AL Code § 11-61A-11 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-11 - Funds.

Section 11-61A-11Funds. The authority may accept, receive, receipt for, disburse, and expend federal and state moneys and other moneys, public or private, made available by grant or loan or both, to accomplish, in whole or in part, any of the purposes of this chapter. (Acts 1994, No. 94-254, p. 470, §11.)
AL Code § 11-61A-12 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-12 - Permitted Activities.

Section 11-61A-12Permitted activities. For the purpose of aiding and cooperating with the authority in the planning, development, undertaking, construction, extension, improvement, or operation of parking facilities, a county, municipality, political subdivision, public corporation, agency, or instrumentality of this state may, upon such terms, and with or without consideration as it may determine, engage in any of the following activities: (1) Lend or donate money to the authority. (2) Donate, transfer, assign, sell, or convey to the authority any right, title, or interest which it may have in any lease, contract, agreement, license, or property. (3) Take any lawful action necessary or convenient to aid and cooperate with the authority in the planning, undertaking, construction, or operation of parking facilities. (Acts 1994, No. 94-254, p. 470, §12.)
AL Code § 11-61A-13 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-13 - Bonds.

Section 11-61A-13Bonds. (a) The authority may issue and sell its interest-bearing revenue bonds for any corporate purpose at any time or times. The principal of and the interest on the bonds shall be payable solely from, and may be secured by a pledge of, the revenues derived by the authority from the operation of any or all of its parking facilities and other property, or by mortgage of any property of the authority. The bonds issued or contracts entered by the authority shall not constitute or create an obligation, debt, or charge against the credit or taxing power of the state, any county, or municipality within the state. (b) The board may provide for each of the following regarding the bonds: (1) Issuance time or times. (2) Form and denominations. (3) Tenor. (4) Payment installments, which shall be at a time or times not exceeding 40 years from their date. (5) Place or places of payment, whether within or without the state. (6) Interest rate or rates payable and evidenced in a specified manner. (c) Any bond having a stated maturity more than ten years after its date shall be made subject to redemption, at the option of the authority, not later than the expiration of ten years from its date and on any interest payment date thereafter at the price or prices and after notice or notices and on the terms and in the manner as may be provided by the board. (d) Bonds of the authority may be sold at public or private sale in the manner and at times as may be determined by the board. (e) The authority may pay all reasonable expenses, premiums, fees, and commissions in connection with the authorization, sale, and issuance of the bonds. (f) All bonds shall contain a recital that they are issued pursuant to this chapter, which recital shall be conclusive that they have been duly authorized under this chapter. (g) Neither a public hearing nor consent of the Department of Finance shall be a prerequisite to the issuance of bonds by any authority. Notwithstanding the fact that the bonds are payable solely from a specified source, all bonds issued under this chapter shall be deemed negotiable instruments within the meaning of the negotiable instruments law of the state if they otherwise possess all the characteristics of negotiable instruments under the laws of the state. (Acts 1994, No. 94-254, p. 470, §13.)
AL Code § 11-61A-14 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-14 - Signature on Bonds.

Section 11-61A-14Signature on bonds. All bonds shall be signed by the chair or vice-chair and the secretary or treasurer of the authority and the seal of the authority shall be affixed. A facsimile of the signature of one, but not both, of the officers whose signatures will appear on the bonds may be imprinted or otherwise reproduced on the bond in lieu of his or her manually signing. A facsimile of the seal of the authority may be imprinted or otherwise reproduced on the bonds in lieu of being manually affixed. Coupons shall be signed by the chair or vice-chair and the secretary or treasurer of the authority. A facsimile of the signature of the chair or vice-chair and the secretary or treasurer may be impressed or otherwise reproduced on any interest coupon in lieu of their manually signing. Delivery of executed bonds shall be valid notwithstanding any changes in officers or in the seal of the authority after the signing and sealing of the bonds. (Acts 1994, No. 94-254, p. 470, §14.)
AL Code § 11-61A-16 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-16 - Proceeds From Sale of Bonds.

Section 11-61A-16Proceeds from sale of bonds. (a) The proceeds derived from the sale of any bonds, other than refunding bonds, may be used exclusively to pay the cost of acquiring, constructing, improving, enlarging, and equipping the parking facilities or property with respect to which they were issued, as may be specified in the proceedings in which the bonds are authorized to be issued. The cost includes any of the following: (1) The cost of any land forming a part of the facilities. (2) The cost of labor, materials, and supplies used in any construction, improvement, or enlargement, including architects' and engineers' fees and the cost of preparing contract documents and advertising for bids. (3) The purchase price of and the cost of installing equipment for the facilities. (4) The cost of landscaping the lands forming a part of the facilities and of constructing and installing roads, sidewalks, curbs, gutters, and utilities in connection with the facilities. (5) Legal, fiscal, and recording fees and expenses incurred in connection with the facilities. (6) Interest on the bonds for a reasonable period before and during the time required for the construction and equipment and for not exceeding 18 months after completion of the construction and equipment. (b) If any of the proceeds derived from the sale of the bonds remains undisbursed after completion of the work and payment of all of the costs and expenses, the balance shall be used for retirement of the principal of the bonds of the same issue. (Acts 1994, No. 94-254, p. 470, §16.)
AL Code § 11-61A-17 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-17 - Refunding Bonds.

Section 11-61A-17Refunding bonds. The authority may at any time and from time to time issue refunding bonds for the purpose of refunding the principal of and the interest on any bonds of the authority issued under this chapter and then outstanding. The refunding bonds may be issued regardless if the principal and interest have matured at the time of the refunding. The refunding bonds may be issued for the payment of any expenses incurred in connection with the refunding and any premium necessary to be paid in order to redeem, retire, or purchase for retirement the bonds to be refunded. The proceeds derived from the sale of any refunding bonds shall be used only for the purposes for which the refunding bonds were issued. Any refunding may be effected either by sale of the refunding bonds and the application of the proceeds, or by exchange of the refunding bonds for the bonds or interest coupons to be refunded. The holders of any bonds or coupons to be refunded shall not be compelled to surrender their bonds or coupons for payment or exchange prior to the date on which they may be paid or redeemed by call of the authority under their respective provisions. All provisions of this chapter pertaining to bonds of the authority that are not inconsistent with this section shall, to the extent applicable, also apply to refunding bonds issued by the authority. The authority may issue bonds for the purpose of refunding the principal of and the interest on any of its bonds and for any other purpose for which it is authorized to issue bonds. The provisions of this chapter respecting refunding bonds shall apply only to the portion of the combined issue authorized for refunding purposes and the provisions respecting other financing shall apply to the remaining portion of the combined issue. (Acts 1994, No. 94-254, p. 470, §17.)
AL Code § 11-61A-18 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-18 - Tax Exemption.

Section 11-61A-18Tax exemption. The bonds issued by the authority and the income from the bonds shall be exempt from all taxation in the state. All property and income of the authority shall be exempt from all state, county, municipal, and other local taxation, including license, privilege, or excise taxes. This exemption shall not be construed to exempt concessionaires, licensees, tenants, operators, or lessees of or on any parking facility owned by any authority from the payment of any taxes levied by the state, the county, or any municipality in the state. (Acts 1994, No. 94-254, p. 470, §18.)
AL Code § 11-61A-19 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 61A - Municipal Parking Authority.|Section 11-61A-19 - Investment by Governing Body.

Section 11-61A-19Investment by governing body. The governing body of any county or municipality within this state may invest any idle or surplus money held in its treasury in bonds of the authority. (Acts 1994, No. 94-254, p. 470, §19.)