Southern Products Mart Authority.

  1. Law
  2. Code of Alabama
  3. State Government.
  4. Authorities.
  5. Southern Products Mart Authority.

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Section
41-10-50

Short Title.

Section
41-10-51

Definitions.

Section
41-10-52

Purpose of Article; Construction of Article.

Section
41-10-53

Authority and Procedure for Incorporation of Authority; Members, Officers and Directors of Authority; Reduction to Writing, Recordation and Admissibility in Evidence of Proceedings of Board of Directors.

Section
41-10-54

Powers of Authority Generally; Acquisition by Eminent Domain of Real Property or Rights Owned by Railroads or Utilities Not Authorized.

Section
41-10-55

Issuance and Sale of Bonds Authorized Generally; Form, Terms, Denominations, etc., Thereof; Bonds to Be Deemed Negotiable Instruments; Redemption.

Section
41-10-56

Resolution Authorizing Issuance of Bonds to Contain Recital as to Authority for Issuance; Notice of Passage of Resolution; Limitation Period and Venue for Actions to Contest Validity of Resolutions, Bonds, Etc.

Section
41-10-57

Execution and Delivery of Bonds and Interest Coupons.

Section
41-10-58

Sale of Bonds; Public Hearing or Consent of Department of Finance, etc., Not a Prerequisite to Issuance of Bonds.

Section
41-10-59

Refunding Bonds.

Section
41-10-60

Disposition of Proceeds From Sale of Bonds and Refunding Bonds.

Section
41-10-61

Exemption From Taxation of Bonds, Properties, Income, etc., of Authority; Use of Bonds as Security for Deposits of State Funds; Investment of Trust Funds in Bonds.

Section
41-10-62

Liability Upon Bonds, Debts, Agreements, etc., of Authority.

Section
41-10-63

Authority and Procedure for Pledge of Revenues of Authority and Creation of Statutory Lien Upon Facilities and Properties Thereof for Payment of Principal and Interest on Bonds; Remedies Upon Default in Payment of Principal or Interest on Bonds.

Section
41-10-64

Special and Continuing Trust Fund for Payment of Principal and Interest on Bonds of Authority and Maintenance, etc., of Facilities Thereof.

Section
41-10-65

Payment of Principal and Interest on Bonds and Maintenance of Records Pertaining Thereto by State Treasurer.

Section
41-10-66

Annual Audit of Books and Accounts of Authority; Disposition of Reports Thereof.

Section
41-10-67

Awarding, etc., of Contracts for Construction of Facilities, Buildings and Structures; Supervision, etc., of Construction; Payments to Contractors; Agreement of Authority and Building Commission as to Construction Cost Estimate.

Section
41-10-68

Leasing of Buildings, Facilities and Structures.

Section
41-10-69

Conveyance of Lands, Buildings, Properties, etc., of Authority to State Upon Payment in Full of Bonds, etc.; Dissolution of Authority.