§ 41-10-80 Short title
§ 41-10-81 Definitions
§ 41-10-82 Purpose of article; construction of article generally
§ 41-10-83 Application for authority to incorporate; adoption by governing body of resolution authorizing formation of corporation
§ 41-10-84 Contents of certificate of incorporation generally; adoption of resolution by governing body approving form and contents of certificate of incorporation
§ 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
§ 41-10-86 Amendment of certificate of incorporation
§ 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
§ 41-10-88 Board of directors of corporation – Election and terms of office of members generally
§ 41-10-89 Board of directors of corporation – Appointment of additional members to board by Governor; terms of office, etc., of additional members
§ 41-10-90 Officers of corporation
§ 41-10-91 Powers of corporation – Generally
§ 41-10-92 Powers of corporation – Eminent domain
§ 41-10-93 Authority for issuance of bonds by corporation; liability upon bonds; form, terms, denominations, etc.; redemption; sale; payment of expenses in connection with authorization, sale and issuance; bonds to contain recital as to authority for issuance; bonds
§ 41-10-94 Notice of resolution authorizing issuance of bonds; limitation period for actions contesting validity of bonds, etc
§ 41-10-95 Execution and delivery of bonds and interest coupons
§ 41-10-96 Security for payment of principal and interest on bonds
§ 41-10-97 Disposition of proceeds from sale of bonds generally
§ 41-10-98 Proceeds of bonds not to be used for payment of fees, commissions, etc., for services in sale, issuance, execution, etc., of bonds; maximum amount payable to attorneys for services rendered
§ 41-10-99 Refunding bonds
§ 41-10-100 Investment of surplus, etc., county funds in bonds of corporation
§ 41-10-101 Investment in bonds of corporation by savings banks, insurance companies, trustees, etc
§ 41-10-102 Remedies upon default on bonds, etc
§ 41-10-103 Leasing of projects
§ 41-10-104 Conduct of sporting events, exhibits, etc., in projects
§ 41-10-105 Conveyances of property to corporation by municipality, county or state authorized
§ 41-10-106 Appropriations to corporation by municipality or county authorized; limitations
§ 41-10-107 Exemption from taxation of bonds, income, projects, etc., of corporation
§ 41-10-108 Dissolution of corporation and vesting of title to properties thereof upon dissolution; vesting of title to projects upon payment in full of bonds pertaining thereto; formation of corporation not to prevent subsequent formation of other corporations by sa
§ 41-10-109 Construction of article

Terms Used In Alabama Code > Title 41 > Chapter 10 > Article 4 - State Products Mart and Coliseum Authorities

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • 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.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • following: means next after. See Alabama Code 1-1-1
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
  • Probate: Proving a will
  • property: includes both real and personal property. See Alabama Code 1-1-1
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Quorum: The number of legislators that must be present to do business.
  • 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
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes the territories thereof and the District of Columbia. See Alabama Code 1-1-1
  • writing: includes typewriting and printing on paper. 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