reglab/housing_qa huggingface dataset:
AL Code § 41-10-83 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-83 - Application for Authority to Incorporate; Adoption by Governing Body of Resolution Authorizing Formation of Corporation.

Section 41-10-83Application for authority to incorporate; adoption by governing body of resolution authorizing formation of corporation. In the event that any number of natural persons, not less than three, shall file with the governing body an application in writing for authority to incorporate a public corporation under the provisions of this article, and it shall be made to appear to the governing body that each of said persons is a duly qualified elector of and owner of property in the municipality and the governing body shall duly adopt a resolution declaring that it will be wise, expedient and necessary or advisable that such corporation be formed and that the persons filing such application shall be authorized to proceed to form such corporation, then the said persons shall become the incorporators of and shall proceed to incorporate the corporation in the manner 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. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §4.)
AL Code § 41-10-84 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-84 - Contents of Certificate of Incorporation Generally; Adoption of Resolution by Governing Body Approving Form and Contents of Certificate of Incorporation.

Section 41-10-84Contents of certificate of incorporation generally; adoption of resolution by governing body approving form and contents of certificate of incorporation. (a) The certificate of incorporation of the corporation shall state: (1) The names of the persons forming the corporation, together with the residence of each thereof and a statement that each of them is a duly qualified elector of and owner of property in the municipality; (2) The name of the corporation (which shall be "the state products mart (coliseum) authority located in _____ County" or some other name of similar import which is available for use); (3) The location of its principal office, which shall be in the municipality; (4) The purposes for which the corporation is proposed to be organized; (5) The number of directors, which shall be not less than three nor more than five, subject, however, to mandatory increase as provided in this article; and (6) Any other matter relating to the corporation which the incorporators may choose to insert and which is not inconsistent with this chapter or with the laws of the state. (b) The form and contents of the certificate of incorporation must be submitted to the governing body for its approval. Any approval of such certificate by the governing body shall be evidenced by resolution duly entered upon the minutes of the governing body. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §5.)
AL Code § 41-10-85 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-85 - Execution of Certificate of Incorporation; Filing of Certificate of Incorporation, Resolution of Governing Body, etc., With Probate Judge and Recordation Thereof by Probate Judge.

Section 41-10-85Execution of certificate of incorporation; filing of certificate of incorporation, resolution of governing body, etc., with probate judge and recordation thereof by probate judge. (a) The certificate of incorporation shall be signed and acknowledged by the incorporators before an officer authorized by the laws of the state to take acknowledgments of deeds and shall have attached thereto a certified copy of the resolution provided for in Section 41-10-84 and a certificate by the Secretary of State of the state that the name proposed by the corporation is not identical with that of any other corporation in the state or so nearly similar thereto as to lead to confusion or uncertainty. (b) The certificate of incorporation, together with the documents required by Section 41-10-84 to be attached thereto, shall be filed in the office of the judge of probate of the county, who shall forthwith receive and record the same. (c) When such certificate of incorporation and attached documents have been so filed, the corporation shall come into existence and shall constitute a body corporate and politic and a political subdivision of the state under the name set forth in such certificate of incorporation, whereupon the corporation shall be vested with the rights and powers granted in this article. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §6.)
AL Code § 41-10-86 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-86 - Amendment of Certificate of Incorporation.

Section 41-10-86Amendment of certificate of incorporation. The certificate of incorporation may at any time and from time to time be amended so as to make any change therein and add any provision 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 corporation shall file with the governing body 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 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 that the proposed amendment is within the scope of what might properly 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 as provided in the amendment. No certificate of incorporation shall be amended except in the manner provided in this section. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §7.)
AL Code § 41-10-87 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-87 - Board of Directors of Corporation - Composition; Qualifications, Reelection, etc., of Members; Vacancies; Quorum; Compensation and Expenses of Members; Reduction to Writing, Recordation and Admissibility in Evidence of Proceedings of Board.

Section 41-10-87Board of directors of corporation - Composition; qualifications, reelection, etc., of members; vacancies; quorum; compensation and expenses of members; reduction to writing, recordation and admissibility in evidence of proceedings of board. The corporation shall have a board of directors composed of the number of directors provided for in the certificate of incorporation and as otherwise provided in this article. All powers of the corporation shall be exercised by its board or pursuant to its authorization. All directors shall be residents of the county. No director shall be an officer of the state or of the county. If any director resigns, dies, becomes incapable of acting as director or ceases to reside in the county, the governing body shall elect a director to serve for the unexpired term of any director elected by it, and the Governor shall appoint a successor to serve the unexpired term of any director appointed by him. Directors shall be eligible for reelection or reappointment to succeed themselves in office. A majority of the qualified and voting members of the board shall constitute a quorum for the transaction of business. No vacancy in the membership of the board shall impair the right of a quorum to exercise the powers and duties of the corporation. The members of the board and the officers of the corporation shall serve without compensation, except that they may be reimbursed for actual expenses incurred in and about the performance of their duties. All proceedings of the board 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 matters and things therein certified. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §8.)
AL Code § 41-10-88 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-88 - Board of Directors of Corporation - Election and Terms of Office of Members Generally.

Section 41-10-88Board of directors of corporation - Election and terms of office of members generally. The governing body shall elect the number of directors provided in the certificate of incorporation of the corporation for staggered terms of office. At the time of the election of the first board, the governing body 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 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. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §9.)
AL Code § 41-10-89 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-89 - Board of Directors of Corporation - Appointment of Additional Members to Board by Governor; Terms of Office, etc., of Additional Members.

Section 41-10-89Board of directors of corporation - Appointment of additional members to board by Governor; terms of office, etc., of additional members. In the event that there shall be provided to the corporation either by legislative appropriation or by executive allocation from funds of the state either moneys sufficient to pay the cost of necessary preliminary surveys and engineering, architectural or feasibility studies or reports or, in the alternative, one fourth or more of the total cost of constructing the project, then and in either of such events, the number of directors provided for in this article and in the certificate of incorporation of the corporation shall be doubled, and all the additional directors shall be appointed by the Governor for staggered terms of office terminating on the same respective dates as the terms of office of the directors elected by the governing body. The Governor shall likewise appoint the successors to such additional directors. In all other respects, directors appointed by the Governor and the board, with such directors as members, shall be subject to the other provisions of this chapter respecting the individual directors and the board. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §10.)
AL Code § 41-10-90 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-90 - Officers of Corporation.

Section 41-10-90Officers of corporation. The officers of the corporation shall consist of a chairman, a vice-chairman, a secretary, a treasurer and such other officers as the board shall deem necessary to accomplish the purposes for which the corporation was organized. The offices of secretary and treasurer may but need not be held by the same person. The chairman and vice-chairman of the corporation shall be elected by the board from its membership. The secretary, the treasurer and any other officers of the corporation who may but need not be members of the board, shall also be elected by the board. Before he shall receive any moneys or securities of the corporation, the treasurer shall make appropriate bond in such amount as the board shall determine. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §11.)
AL Code § 41-10-91 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-91 - Powers of Corporation - Generally.

Section 41-10-91Powers of corporation - Generally. The corporation shall have the following powers, together with all powers incidental thereto or necessary 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, to prosecute and defend civil actions in any court having jurisdiction of the subject matter and the parties; (3) To make use of a corporate seal and to alter the same at pleasure; (4) To adopt and alter bylaws for the regulation and conduct of its affairs and business; (5) To acquire, whether by purchase, gift, lease, devise, exercise of the power of eminent domain or otherwise, property of every description which the board may deem necessary to the acquisition, construction, improvement, enlargement, operation or maintenance of one or more projects and to hold title thereto or a leasehold interest therein; (6) To borrow money for any of its corporate purposes and to sell and issue, in evidence of such borrowing, its interest-bearing revenue bonds; (7) To sell and issue refunding revenue bonds; (8) To secure any of its bonds by indenture as provided in this article; (9) To appoint, employ and compensate such agents, architects, engineers and attorneys as the business of the corporation may require; (10) To provide for such insurance as the board may deem advisable; (11) To invest in obligations which are direct and general obligations of the United States of America or which are unconditionally guaranteed as to both principal and interest by the United States of America any of its funds that the board may determine are not presently needed for its corporate purposes; (12) To contract, lease and make lease agreements respecting its properties or any thereof; and (13) To sell and convey any of its properties that may have become obsolete or worn out or that may no longer be needed or useful in connection with the operation of any project; provided, that it shall not have the power to sell or convey any project substantially as a whole except as provided in this article. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §12.)
AL Code § 41-10-92 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-92 - Powers of Corporation - Eminent Domain.

Section 41-10-92Powers of corporation - Eminent domain. The corporation shall have the same powers of eminent domain as are vested by law in the county, which powers shall be exercised in the same manner and under the same conditions as are provided by law for the exercise of the power of eminent domain by the county. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §14.)
AL Code § 41-10-94 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-94 - Notice of Resolution Authorizing Issuance of Bonds; Limitation Period for Actions Contesting Validity of Bonds, Etc.

Section 41-10-94Notice of resolution authorizing issuance of bonds; limitation period for actions contesting validity of bonds, etc. (a) Upon the adoption by the board 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: "Notice of proposed issuance of revenue bonds of _____ (name of corporation). The above named public corporation which is a political subdivision of the State of Alabama on the _____ day of _____, adopted a resolution authorizing the issuance of $_____ principal amount of the revenue bonds of said corporation for ______, which is a project authorized and permitted by the act of the Legislature of Alabama under which said corporation was organized. Any civil action or proceeding questioning the validity of the said bonds or pledge of any rent, revenues or income to the payment thereof or the indenture under which said bonds will be issued or the proceedings authorizing the same must be commenced within 20 days after the first publication of this notice." (b) Any civil action or proceeding in any court to set aside, contest or question the legality of the bonds referred to in said notice or the proceedings authorizing the issuance of such bonds or the validity of the pledges made therefor or the indenture under which they are to be issued must be commenced within 20 days after the first publication of such notice. After the expiration of said period, no right of action or defense questioning or attacking the validity of said proceedings or the said bonds or the said pledges or indenture shall be asserted nor shall the validity of the said proceedings, bonds, pledges or indenture be open to question in any court on any grounds whatsoever except in a civil action commenced within such period. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §26.)
AL Code § 41-10-95 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-95 - Execution and Delivery of Bonds and Interest Coupons.

Section 41-10-95Execution and delivery of bonds and interest coupons. All bonds shall be signed by the chairman or vice-chairman of the corporation, and the seal of the corporation shall be affixed thereto and attested by its secretary. A facsimile of the seal of the corporation and of the signature of either of said officers, but not both of them, may be impressed on the bonds in lieu of their manually signing the same. Coupons shall be signed by the chairman or vice-chairman of the corporation, but a facsimile of the signature of such chairman or such vice-chairman may be impressed on any such coupons in lieu of his manually signing the same. Bonds so executed shall be valid and may be delivered, notwithstanding any changes in the officers or the seal of the corporation after the signing and sealing of the bonds. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §19.)
AL Code § 41-10-96 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-96 - Security for Payment of Principal and Interest on Bonds.

Section 41-10-96Security for payment of principal and interest on bonds. The principal of and interest on the bonds shall be secured by a pledge of the rent, revenues and income out of which the bonds shall be made payable and by a pledge of any lease agreements covering the project or any part thereof from which the rent, revenues and income so pledged shall be derived and may be secured by an indenture covering such project. The trustee under an indenture may be a trust company or bank having trust powers, whether located within or without the state. The indenture may contain any agreements and provisions customarily contained in instruments securing evidences of indebtedness, including, without limiting the generality of the foregoing, provisions respecting the collection, segregation and application of the rent, revenues and income from any project covered by such indenture, the terms to be incorporated in the lease agreements respecting such project or any part thereof, the maintenance and insurance of such project, the creation and maintenance of special funds from the rent, revenues and income of such project and the rights and remedies available in the event of default to the holders of the bonds or the trustee under the indenture as the board shall deem advisable and as shall not be in conflict with the provisions of this article. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §20.)
AL Code § 41-10-97 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 4 - State Products Mart and Coliseum Authorities.|Section 41-10-97 - Disposition of Proceeds From Sale of Bonds Generally.

Section 41-10-97Disposition of proceeds from sale of bonds generally. The proceeds derived from the sale of any bonds, other than refunding bonds, may be used only to pay the cost of acquiring, constructing, improving, enlarging and equipping the project with respect to which they were issued, as may be specified in the indenture or the proceedings in which the bonds are authorized to be issued. Such cost shall be deemed to include the following: the cost of acquiring any interest in the land forming a part of the project; the cost of the labor, materials and supplies used in any such construction, improvement or enlargement, including architect's and engineer's fees and the cost of preparing contract documents and advertising for bids; the purchase price of and the cost of installing equipment for the project, the cost of landscaping the land forming a part of the project and of constructing and installing roads, sidewalks, curbs, gutters, utilities and parking places in connection therewith; legal fees and recording fees and expenses incurred in connection with the authorization, sale and issuance of the bonds issued in connection with such project and interest on the said bonds for a reasonable period prior to and during the time required for such construction and equipment and for not more than one year thereafter. If any of the proceeds derived from the sale of the bonds remains undisbursed upon completion of such work and payment of all the costs and expenses thereof, such balance shall be used for the retirement of the principal of the bonds of the same issue. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §21.)