(a) The bureau may conduct programs including, but not limited to, programs of information and publicity designed to attract conventions and tourists to the area. The bureau may conduct the programs and expend its funds in the furtherance of the programs in Alabama and elsewhere.
Terms Used In Alabama Code 45-37-91.03
Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
property: includes both real and personal property. See Alabama Code 1-1-1
state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1
(b) The bureau may permit any county with area within the metropolitan area of the largest city in the county to come under this part by contracting with the county commission of any county or require funding by the county in an amount to be determined by the board of directors and the county commission.(c) The bureau may enter into contracts with any person, firm, corporation, or association to carry out the purposes set forth in this part. No contract entered into by the authority shall bind the state or any county or municipality of the state.(d) The bureau shall have the following powers:
(1) To sue and be sued.(2) To acquire property, rights, and interests, in property by gift, lease, or purchase.(3) To have a seal and alter the seal at pleasure.(4) To appoint officers, agents, employees, and attorneys, and fix their compensation.(5) To make bylaws for the management and regulation of its affairs.(6) To make contracts and execute all instruments necessary or convenient to lease, purchase, and own real or personal property furtherance of the purposes for the accomplishment of which the authority is created.(7) To accept or receive gifts, bequests, and devises.(8) To borrow money and execute notes and other evidence of indebtedness that may be required by the lender, and pledge for up to one year from the date of the loan anticipated revenue or income to secure payment of any loan.(9) To do all things necessary or convenient to carry out the powers expressly given in this part.(e) For the purposes of this part, the bureau may use and apply the proceeds of any taxes that the Legislature provides shall be payable to the bureau.
