134 chapters · 10,612 sections in this title.
Ala. Code § 45-47-250.12 Exemption from Taxes, Fees, Etc
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(a) The authority, the property and income of the authority, the income from bonds, conveyances by or to the authority, and leases, mortgages, and deeds of trust by or to the authority shall be exempt from all taxation in the State of Alabama. (b) The authority shall not be oblig…
Ala. Code § 45-47-250.13 Exemption from Usury Statutes
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The authority now or hereafter organized under this article is hereby exempted from the laws of the State of Alabama governing usury and prescribing or limiting interest rates including, without limitation, Chapter 8 of Title 8. (Act 89-465, p. 950, § 14.)
Ala. Code § 45-47-250.14 Dissolution of Authority
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At any time when no bonds or obligations theretofore assumed by the authority are outstanding, the board may adopt a resolution, which shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon the filing for record of a certified copy of the re…
Ala. Code § 45-47-250.15 Validity of Incorporation
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In all cases where there is an attempt to incorporate a public corporation under this article, and a certificate of incorporation with respect to such corporation has been filed in the office of the judge of probate of the county in which such corporation was sought to be incorpo…